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Is the GOP about to cave on taxes?
American Thinker ^ | July 16, 2011 | Rick Moran

Posted on 07/16/2011 3:47:55 PM PDT by ejdrapes

Is the GOP about to cave on taxes?
Rick Moran
July 16, 2011

[snip]

At a closed-door meeting Friday morning, GOP leaders turned to their most trusted budget expert, Rep. Paul D. Ryan of Wisconsin, to explain to rank-and-file members what many others have come to understand: A fiscal meltdown could occur if Congress fails to raise the debt ceiling.

House Speaker John A. Boehner of Ohio underscored the point to dispel the notion that failure to allow more borrowing is an option.

"He said if we pass Aug. 2, it would be like 'Star Wars,'" said Rep. Scott DesJarlais, a freshman from Tennessee. "I don't think the people who are railing against raising the debt ceiling fully understand that."

The warnings appeared to have softened the views of at least some House members who, until now, were inclined to dismiss statements by administration officials, business leaders and outside economists that the economic impact would be dire if the federal government were suddenly unable to pay its bills.

Freshman Rep. Steve Womack (R-Ark.) said the presentation about skyrocketing interest rates that could result from downgraded bond ratings was "sobering."

[snip]

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events; Politics/Elections
KEYWORDS: congress; debtceiling; obama; palin
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Don't tell me Paul Ryan has joined the doomsayers crowd. :(
1 posted on 07/16/2011 3:47:58 PM PDT by ejdrapes
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To: ejdrapes

Does this say Paul Ryan advocated raising taxes? Because the headline suggests that the outcome of all this angst is that the GOP will raise taxes. So, where does it say he’s advocating raising taxes?


2 posted on 07/16/2011 3:52:45 PM PDT by txrangerette ("...HOLD TO THE TRUTH; SPEAK WITHOUT FEAR." - Glenn Beck)
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To: ejdrapes

`If they are that scared why did they start this in the first place? Lame.


3 posted on 07/16/2011 3:52:45 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: ejdrapes
The debt ceiling will be raised.

Everyone has always known that it will eventually be raised.

The only doubts are what the Republicans would extract in exchange for raising it.

The cited article has a sensational headline that isn't supported at all.

4 posted on 07/16/2011 3:53:46 PM PDT by BfloGuy (Workers and consumers are, of course, identical.)
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To: ejdrapes

Time for the government to eat its peas.
The people have had enough of them.
Deal with it.


5 posted on 07/16/2011 3:54:03 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: ejdrapes

Maybe it’s time we held a Peas Rally, send a can of peas to Obama to let him know we’re not in the 80% that want our taxes raised.


6 posted on 07/16/2011 3:58:01 PM PDT by bigbob
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To: ejdrapes

They’re 100% correct as to what happens if noting is done. The key is to get far more cuts that any hike in the ceiling. Had they cut spending several months ago it need not have come to this but now,how much spending can they cut in 2 weeks without wrecking the economy?Any hike can be temporary. Let them sign a bill giving 2T now with the mandate that the treasury has to retire 1T over the next 12 months and another 1T the 12 months following. By that point much less spending so they can reduce the debt every year.
The only other option is standing strong and hope Obama caves in on enough spending today to buy another few months. I honestly believe he would rather let all hell break loose rather than give up Obamacare and scale back other programs immediately.
Who blinks first?


7 posted on 07/16/2011 3:59:45 PM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: ejdrapes

If any of my Republicans vote for raising the Debt Ceiling or Raising Taxes I will vote against them.

CASE CLOSED!


8 posted on 07/16/2011 4:00:24 PM PDT by KwHorn77 (Tired of the GOP being the minority party!)
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To: ejdrapes
So what do you think the name of the NEW conservative party will reflect?

Bye, bye GOP if this happens.

9 posted on 07/16/2011 4:02:06 PM PDT by EGPWS (Trust in God, question everyone else)
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To: ejdrapes; All

Currently the government can borrow money on a 5 year note for less than 1.5% per year if the debt ceiling is raised. The exact rate last Friday on the five year Treasury Note was 1.446% [This is money that the government borrows from banks, institutions, individual buyers, other governments.] This rate is LESS THAN INFLATION. We can be using this money to repair our failing bridges, roads and other infrastructure. Of course, we should cut wasteful spending and encourage private support for things like our space program that have commercial potential.


10 posted on 07/16/2011 4:02:29 PM PDT by gleeaikin
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To: txrangerette

It doesn’t. But as long as the GOP agrees with the notion that not raising the debt ceiling = 2008 all over again then Obama will hold out and push even harder for “revenues” aka tax increases. I agree with Gingrich - instead of spending all this time meeting with Obama the House should start passing things and force Obama to veto it. I hear they’re going to vote on cut, cap and balance next week. About f’ng time I say.


11 posted on 07/16/2011 4:02:33 PM PDT by ejdrapes (Can we keep our attacks focused on the real enemy: Obama)
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To: wiggen

What happens if nothing is done? There doesn’t seem to be agreement that the world will blow up if the debt ceiling isn’t increased. If we just cut spending NOW why would we even need to raise it?


12 posted on 07/16/2011 4:05:06 PM PDT by ejdrapes (Can we keep our attacks focused on the real enemy: Obama)
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To: All

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13 posted on 07/16/2011 4:05:37 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: screaminsunshine
`If they are that scared why did they start this in the first place? Lame.

Good point scream, it appears to be more of a "deal cutting, back scratching, self protecting, political move" than anything else IF true.

14 posted on 07/16/2011 4:06:17 PM PDT by EGPWS (Trust in God, question everyone else)
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To: KwHorn77
So the Democrats get to print more money now, and then in a year or so, they will consider cutting spending and entitlements?
Only the Stupid Party(Republican) would consider this fakey deal.
This would be ReaganScam II. RR got bit once, and then got right with the Democrats big time. And then the country grew and prospered for a few years.
TWB
15 posted on 07/16/2011 4:06:17 PM PDT by TWhiteBear (Jobs, Peace, Food, Security .... Down with Obama(Peacefully))
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To: ejdrapes
Rep. Paul D. Ryan of Wisconsin, to explain to rank-and-file members what many others have come to understand: A fiscal meltdown could occur if Congress fails to raise the debt ceiling.

I find this really hard to believe, as he has said in press conferences "no it wont".

16 posted on 07/16/2011 4:07:10 PM PDT by svcw (democrats are liars, it's a given)
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To: ejdrapes

17 posted on 07/16/2011 4:09:41 PM PDT by Lancey Howard
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To: ejdrapes

I hate to say it - but it ain’t the ceiling - it’s the spending.

Put the ceiling wherever it needs to be to cover promised spending “TODAY” but chop with an ax any and all spending bills as of today.


18 posted on 07/16/2011 4:12:21 PM PDT by PeteB570
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To: UnbelievingScumOnTheOtherSide
Time for the government to eat its peas.

No, Ubama didn't say "peas". He said "piece". Ubama wants the Republicans to "eat their piece", like a suicidal cop.

19 posted on 07/16/2011 4:12:35 PM PDT by Lancey Howard
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To: ejdrapes
"He said if we pass Aug. 2, it would be like 'Star Wars,'" said Rep. Scott DesJarlais, a freshman from Tennessee. "I don't think the people who are railing against raising the debt ceiling fully understand that."

I fully expect the Republicans to cave and thus set the stage for four more years of Obama. We have little or no Statesmanship in our government.

Our economy is a wreck because of irresponsible spending, mainly by the Democrats. Giving in now sets the stage to give in again and again until our economy collapses.

Are we just saying we will do it "right" next time, but for now we blink and find more excuses, rationale, and explanations for why we must continue irresponsible spending, borrowing, printing, and taxing.

20 posted on 07/16/2011 4:12:56 PM PDT by olezip
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