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Boehner says ready to cut budget deal today
Reuters/Yahoo ^ | 5/16/11

Posted on 05/16/2011 5:46:54 AM PDT by markomalley

House of Representatives Speaker John Boehner on Sunday said he is ready to cut a deal on raising the debt limit if only President Barack Obama would get serious about spending cuts.

Obama warned that congressional failure to raise the debt limit could lead to a worse financial crisis than 2008-09 and urged that debate stay separate from spending cuts.

Both sides stuck to their well-staked out positions, showing little evidence of movement.

Boehner and fellow Republicans warned of dire consequences to the economy if the debt limit is not linked to spending cuts and deficit reduction.

"I'm ready to cut the deal today. You know, we don't have to wait until the 11th hour," Boehner said on CBS's "Face the Nation."

He questioned whether Obama was serious about deficit reduction. "He's talking about it. But I'm not seeing real action yet," Boehner said.

The Treasury Department is expected to hit its $14.3 trillion borrowing limit on Monday but says it can stave off default until August 2 by drawing on other sources of money to pay its bills. That timetable has created a sense in Washington that any political deal may be far off.

Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke have warned that failure to raise the debt limit could hamper the fragile U.S. economy, which is making a slow and painful recovery from the 2007-2009 downturn, with a 9 percent unemployment rate.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: bernanke; boehner; boener; budget; debtceiling; debtlimit; deficits; geithner; obama; paultards; rino; sellout
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Boehner is a LIAR unless actions prove otherwise.
21 posted on 05/16/2011 6:22:13 AM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: markomalley

Since when does the ‘Speaker’ cut deals? I thought you need layout the majority position, and then take it back to the members to a vote?

Or is he just used to the ‘old school’ way of trying to do things (
(’RULE’ from TOP DOWN).


22 posted on 05/16/2011 6:23:41 AM PDT by The Bronze Titan
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To: DuncanWaring

I am actually torn on this issue. The great depression started out as a recession(and not the worst one)the feds loosened the cash supply, like they are doing now. The main reason we went from recession to depression was a sudden, extreme tightening of the money supply(there are other things involved that made this happen, and some of them are in play right now)..so, as much as I hate to say it, bernanke is correct, but so is boner....we cannot allow such an extreme contraction of the money supply to happen overnight. Linking this to spending control is the answer, but I truly fear the pubs will cave, or not get the assureances IN WRITING that will make a soft landing possible...raising the limit and increasing spending will lead to recession....not raising the limit may lead to depression.....


23 posted on 05/16/2011 6:28:40 AM PDT by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: Perdogg
Maybe you rather have pelosi as Speaker.[sic]

ER, how do we get Pelosi as Speaker if Boehner is replaced by someone effective? We still control the House, don't we?

24 posted on 05/16/2011 6:29:39 AM PDT by JohnG45
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To: The Bronze Titan

Thats right. Bonehead can cut all the crap deals he wants. It’s the rest of the pubs in the house that can stop it if they want.


25 posted on 05/16/2011 6:30:45 AM PDT by cableguymn
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To: markomalley

Why is it the Republicans are the ones who are willing to cut deals? Every time I hear the word ‘deal’ from these people, I puke a little. The Tea Party has given these clowns a clear warning. They disregard it at their own risk.


26 posted on 05/16/2011 6:35:10 AM PDT by vortigern
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To: markomalley

What a loser. Par for the course for the GOP.


27 posted on 05/16/2011 6:35:55 AM PDT by dfwgator
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To: Perdogg

Ah, the least of two evils argument. How profoundly deep!

Sheesh. Voting for that is precisely why Onada was able to usurp the WH.


28 posted on 05/16/2011 6:43:39 AM PDT by dools0007world
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To: yldstrk

Boner can’t show what he doesn’t have. IMO, Boner’s devoid of spine and guts; behold the GOP eunuch.


29 posted on 05/16/2011 6:49:30 AM PDT by ExTexasRedhead
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To: Perdogg

How about someone with spine and guts for a change? How about someone whose out to save this country from the enemies within? Boner doesn’t fit either of those.


30 posted on 05/16/2011 6:51:31 AM PDT by ExTexasRedhead
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To: markomalley; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; ...

I hope this isnt like the last deal where he comes out of that secret room with Obama and Reid and then lies to his Republican house members and us to get his compromise passed. Remember that the $39B turned out to be more like 1/2 billion.

At least this is not a hard political deadline like the shutdown was.


31 posted on 05/16/2011 6:56:58 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: markomalley

Get the cuts first, Boner!

Then have the cuts take place.

Then, once they give in on the first cuts, cut some more... they would have to roll over.

Otherwise, you are the one who will be getting rolled.

Boner


32 posted on 05/16/2011 7:02:16 AM PDT by hattend (Obama is better than OJ... He found a killer while on the golf course.)
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To: dools0007world

How did my voting for McCain, the lesser of two evils, get Obama elected?


33 posted on 05/16/2011 7:06:59 AM PDT by hattend (Obama is better than OJ... He found a killer while on the golf course.)
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To: John Galt's cousin
Breaking down the deficit by "fair" taxpayer share (pardon crummy formatting):

Disposition of deficit
155,490,000  $   1,600,000,000,000.00
Percentiles Ranked by AGI AGI Threshold on Percentiles Percentage of Federal Personal Income Tax Paid     Quantity of taxpayers category's share of deficit individual share of deficit
Top 1% $380,354 38.02 38.0 1      1,554,900  $      608,320,000,000.00  $  391,227.73
Top 5% $159,619 58.72 20.7 4      6,219,600  $      331,200,000,000.00  $    53,251.01
Top 10% $113,799 69.94 11.2 5      7,774,500  $      179,520,000,000.00  $    23,090.87
Top 25% $67,280 86.34 16.4 15    23,323,500  $      262,400,000,000.00  $    11,250.46
Top 50% $33,048 97.3 11.0 25    38,872,500  $      175,360,000,000.00  $      4,511.16
Bottom 50% <$33,048 2.7 2.7 50    77,745,000  $         43,200,000,000.00  $          555.66
(Taxpayer breakdown by 2008 figures, applied to 2011 deficit and quantity of taxpayers)

34 posted on 05/16/2011 7:12:58 AM PDT by ctdonath2 (Great children's books - http://www.UsborneBooksGA.com)
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To: yldstrk

Cue up “Tied to the Whipping Post” on the turntable...


35 posted on 05/16/2011 7:13:12 AM PDT by Eric in the Ozarks (Eh ?)
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To: markomalley

Time to take Timmy Turbo and his little mongral b*tch, Benji, for a long walk into the woods ...


36 posted on 05/16/2011 7:25:53 AM PDT by TCH (DON'T BE AN "O-HOLE"! ... DEMAND YOUR STATE ENACT ITS SOVEREIGNTY !When a majority of the American)
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To: markomalley

Of course he is “ready” he was born ready ...just like all the RINGOS before him


37 posted on 05/16/2011 7:30:48 AM PDT by RnMomof7
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To: laweeks

Ditto. Boehner -——>> YOU SUCK!


38 posted on 05/16/2011 7:32:25 AM PDT by getmeouttaPalmBeachCounty_FL (***Only candidates whose voting record has financially supported our military)
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To: ExTexasRedhead
Boner can’t show what he doesn’t have. IMO, Boner’s devoid of spine and guts; behold the GOP eunuch.

Geez, give Boner a break. He does get some things right. Look at that four season, perfectly even tan. That takes planning!

39 posted on 05/16/2011 7:34:29 AM PDT by JohnG45
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To: markomalley
Cut a deal, hell. He will do what obama and the Democrats tell him to do.

The election cycle is over until 2012.The sheep were fooled one more time. it is time to get back to business as usual. 2012 we can fool them again, so goes the thinking at the Establishment Republican,a/ka/athe Democrat farm Team, camp or headquarters.

40 posted on 05/16/2011 7:40:53 AM PDT by sport
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