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Posted on 07/13/2011 3:45:25 PM PDT by Qbert
So what are Republicans, particularly those in the House, going to do? Debt ceiling deadlines are fast approaching. And many in the GOP leadership, particularly in the Senate, think the party’s anti-tax resolve will dissolve if markets start to tumble...
[Snip]
It now looks like somewhat of a strategic error for Republicans to have pushed for so much in exchange for a hike in the debt limit. The Obama White House seems perfectly willing to take negotiations right up to — and past – the Aug. 2 deadline because it thinks it can win the political fight.
[Snip]
But perhaps it’s not too late for Republicans to salvage something significant. Stop pushing unpopular – for the moment – entitlement reform and out-year spending cuts that may never happen. (All of which will get relitigated in 2013 anyway.)
Instead, just try to sharply cut discretionary spending next year. House Budget Chairman Paul Ryan’s bold and visionary Path to Prosperity calls for non-security discretionary spending cuts of $1.8 trillion over ten years, starting with an $76 billion cut in 2012 vs. the CBO’s baseline. Those cuts would then be incorporated in the CBO baseline, helping create big savings as the years go by and an institutional bulwark against new Democratic spending plans. (As of right now, remember, the Obama White House is proposing just $2 billion in cuts for 2012.) Certainly plenty of Democrats wants to be seen as tough on spending...[Snip]. Indeed, “just 37% of Americans favor raising the debt ceiling vs. 56% opposed, according to the July IBD/TIPP poll.”
And perhaps Republicans could go even further. The Ryan plan calls for a total of $111 billion in 2012 cuts. Up that by $1 billion and you have a slogan: “Let’s cut $112 billion in 2012!”
(Excerpt) Read more at blogs.reuters.com ...
even $111 billion is not enough when we have a 1.7 trillion deficit
If the GOP can force Obama (the most radical of the leftists) to cuts that is a big accomplishment IMO.
Far bigger cuts will only happen if we get a GOP Senate and White House.
It seems nothing can rescue the Republicans...From the Republicans.
No, no and no. Just another worthless plan that solves nothing and keeps the corruption, greed and incompetence of politicians on the front burner.
The “markets” have done nothing but soil the planet in recent years. They take huge govt. handouts, they pay large bonuses and have been involved in some incredible scandals. Do not rescue the markets. they care only for themselves and will only continue to do the same.
Any cuts being proposed right now are so far in the future they will never happrn. They cannot bind future Congresses.
Did you know that the stimulus was added to the baseline? That means we will get stimulus-like spending every year plus rate of growth.
And since Congress hasn’t passed a budget since 2009 it is becoming more and more clear that nobody in the government has any kind of fiscal discipline.
Why would republicans need rescuing?
As long as Obama and the democrats stand firm on destroying the US by shoving us into more debt which the citizens are against and as long as the republicans stand firm the republicans and citizens win
“I cannot guarantee that those checks [he included veterans and the disabled, in addition to Social Security] go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it.”
In the Pelley interview, Obama has revealed himself to be a person willing to threaten the income of retirees and veterans to further his own political interests.
He has shown himself as someone who is willing to abandon Social Security recipients, current Military, Veterans, and the disabled, if it serves his interests.
First of all, by threatening to cut off Social Security checks because the general fund of the United States does not contain enough money to cover them, he is putting the lie to the idea that there is some account which contains the funds that American workers have been depositing toward their retirement since the Roosevelt Administration.
Americans workers have a right to ask, “What have you done with my money?”
The Military, and Veterans, including those who have sacrificed life and limb, have a right to ask:
“Mr. Obama, will you keep the promises made to us by the American people?”
Or is there some other interest that you serve?
If Congress does not raise the Debt Limit, the decision about who will be paid will be solely Mr. Obama’s.
He must be confronted with it.
There is no voting “Present” on this issue.
They're a pretty good starting point for a new GOP congress if conservative voters manage to take the Senate and White House next year.
Could you be a little more specific please? Who do you mean exactly?
Can the obuma plan rescue the commies at Reuters?
“As long as Obama and the democrats stand firm on destroying the US by shoving us into more debt which the citizens are against and as long as the republicans stand firm the republicans and citizens win.”
You hit the target. Good job, secure.
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