Posted on 07/18/2011 10:49:00 AM PDT by kcvl
The White House on Monday warned President Obama will veto GOP legislation to Cut, Cap and Balance spending and the budget.
In a statement of administration policy, the White House Office of Management and Budget labeled the GOP bill as an empty political statement.
The House Rules Committee is expected to take up the measure on Monday, and it is likely to receive a floor vote on Tuesday. The measure would cut spending in Fiscal Year 2012 by $111 billion, cap future spending at 18 percent of gross domestic product and approve a balanced budget amendment to the Constitution. It would also raise the debt limit.
The administration said the measure, which is not expected to move through the Senate, is unnecessary and unrealistic.
Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility, the White House said in its statement. Increasing the federal debt limit, which is needed to avoid a federal government default on its obligations and a severe blow to the economy, should not be conditioned on taking these actions. Instead of pursuing an empty political statement and unrealistic policy goals, it is necessary to move beyond politics as usual and find bipartisan common ground.
Republicans are rallying around the measure as their answer to the debt talks as negotiations between the administration and congressional leaders have stalled.
(Excerpt) Read more at thehill.com ...
Congress and the administration shouldn’t be allowed to draw a dime of pay as long as we’re in the red. Any kickbacks and under the table deals should be direct deposited into the Treasury. Ok, pipe dreaming.
U.S. Debt Ceiling Increase Remains Unpopular With Americans
more Americans want their member of Congress to vote against such a bill than for it, 42% vs. 22%, while one-third are unsure.
******
CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.
Americans are unimpressed with their political leaders’ handling of the debt ceiling crisis, with a new CBS News poll showing a majority disapprove of all the involved parties’ conduct, but Republicans in Congress fare the worst, with just 21 percent backing their resistance to raising taxes.
President Obama earned the most generous approval ratings for his handling of the weeks-old negotiations, but still more people said they disapproved (48 percent) than approved (43 percent) of what he has done and said.
******
Monday, July 18, 2011
The Rasmussen Reports daily Presidential Tracking Poll for Monday shows that 24% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -18 (see trends).
Psst! Obamas Poll Numbers Have Been Underwater for Weeks Now.
July 7, 2011 9:28 A.M. By Jim Geraghty
Shhh! I think were not supposed to tell anyone this, since most of the mainstream media seems to be treating it like top-secret classified information, kept far away from the eyes of the public . . .
. . . but Obamas job-approval numbers have been underwater in the Gallup tracking poll in every survey but one since mid-June.
July 18, 2011, 12:59 pm
Boehner and Cantor Meet Again With Obama
The two top House Republicans met privately with President Obama at the White House on Sunday as the House prepared to vote on a deficit-cutting measure strongly opposed by the White House.
Officials said that Speaker John A. Boehner and Representative Eric Cantor of Virginia, the majority leader, who have clashed with each other as well as the president during the debt limit fight, traveled to the White House to keep talks going but emphasized that no agreement was reached that would sideline House consideration of conservative-backed legislation known as cut, cap and balance.
As we said throughout the weekend, the lines of communications are being kept open, a spokesman for Mr. Boehners office said. There is nothing to report in terms of an agreement or progress. We believe cut, cap and balance represents the best path forward, and we are looking forward to the House vote on it tomorrow.
The previously undisclosed meeting was first reported by Politico.
With the House heading for the politically charged vote on Tuesday, the White House on Monday threatened to veto the Republican plan.
The bill would undercut the federal governments ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future, the White House said in a policy statement. It said the measure would set unrealistic spending caps that could result in significant cuts to education, research and development, and other programs critical to growing our economy and winning the future.
It could also lead to severe cuts in Medicare and Social Security, which are growing to accommodate the retirement of the baby boomers, and put at risk the retirement security for tens of millions of Americans, the statement said.
http://thecaucus.blogs.nytimes.com/2011/07/18/obama-hosts-private-meeting-with-boehner-and-cantor/
Jul 18, 2011
Obama meets with Boehner; threatens veto of GOP plan
President Obama did not meet with the entire congressional leadership this weekend, but it turns out he did meet Sunday morning with a pair of key leaders: House Speaker John Boehner, R-Ohio, and House Republican leader Eric Cantor, R-Va.
“As we said throughout the weekend, the lines of communications are being kept open, but there is nothing to report in terms of an agreement or progress,” said Boehner spokesman Brendan Buck today. “We believe cut, cap and balance represents the best path forward, and we are looking forward to the House vote on it tomorrow.”
When a White House reporter shouted out a question to Obama about the Boehner meeting, the president replied: “We’re making progress.”
But, indeed, there is no agreement, at least with the House: This morning, President Obama threatened to veto the House GOP’s “cut, cap, and balance” plan, which includes a proposed balanced budget amendment to the Constitution.
“The bill would undercut the Federal Government’s ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future,” said a just-released statement of administration policy.
Even if the Republican-run passes its “cut, cap, and balance” plan, the Democratic-run Senate is not expected to follow suit.
Instead, White House officials are focused on a plan being developed by Senate leaders Harry Reid and Mitch McConnell, one that allow Obama to raise the $14.3 trillion debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years. The plan would also create a new congressional panel that would look at other ways to reduce the federal debt, including possible entitlements and new tax revenue.
Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility,
Constant reminders that this dork has never run a business and didn’t have executive experience. Hell, most family budgets (at least the solvent ones) specify a spending levels to avoid a budget disaster.
“Obama issues veto threat against House GOP debt plan”
I so wish someone in DC had the gonads to moon this sucker whenever he makes statements like that.
Same ol' crap for the last 40 years!
We know better than to fall for the doom and gloom mantra these days.
We MUST cut the spending and get a budget in place, one that shows some respect for restraint in political spending or we WILL be doomed in reality!
Why invest in the future if the future when all investment in government has lead to what we have today?
If the Pubbies fail to refute the spin that the Marxists put on this then they deserve to be voted out in toto. They probably do anyway. /IMHO
Let that lying POS POTUS veto away, time for real change, the kind of change that eliminates washington’s ability to raise funds at all, no taxes for them, no payroll, nothing, the states decide how much to feed the fed G from a balanced budget for the limited role they should be playing..next cut/slash and burn dc if need be, sell off their building whatever needs to happen to save this nation, vote all out who oppose the balanced budget etc....I want my country back..
I like this one better...
The bill would undercut the Federal Governments ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future, said a just-released statement of administration policy.
“invest in our future” = pay welfare cheats and redistribute your wealth because I know best
“Same ol’ crap for the last 40 years!”
Absolutely!
It would shut the checkbook on liberals if we actually had to BALANCE THE BUDGET like we all have to do in our own lives.
STOP SPENDING OUR MONEY (just to get reelected), you jackasses!
Make the most miserable incompetent prick veto the bill. Then sweep out the trash in 2012.
S.942 The Transportation Infrastructure Grants and Economic Reinvestment Act
We just cannot afford more debt nor, another failed stimulus which would funnel more money to favored Democrat industries and unions.
Final revisions made Friday submerge conservative demands to reduce all federal spending to 18 percent of gross domestic product a target that threatened to split the GOP by requiring far deeper cuts than even the partys April budget. But Republican congressional leaders still want a 10-year, $1.8 trillion cut from nondefense appropriations and have added a balanced-budget constitutional amendment that so restricts future tax legislation that even President Ronald Reagan might have opposed it in the 1980s.
Indeed, much of the deficit-reduction legislation signed by Reagan would not qualify under the new tea-party-driven standards. And even the famed Reagan-Tip ONeill Social Security compromise which raised payroll taxes passed the House in 1983 well short of the 290 votes that would be required under the constitutional amendments being promoted by the GOP.
Dubbed Cut, Cap and Balance, the House bill allows for a $2.4 trillion increase in the Treasurys borrowing authority but effectively uses the Aug. 2 deadline as a Republican anvil on which to hammer out cuts President Barack Obama would otherwise veto.
On the Sunday talk shows, proponents praised the initiative as a common-sense and real deal framework for final negotiations with the White House and Senate Democrats.
At least we will have demonstrated we can pass legislation to deal with the debt ceiling and put the onus on the Senate to act, Rep. Robert Goodlatte (R-Va.) told POLITICO. But in a blistering statement, * Robert Greenstein, head of the Center on Budget and Policy Priorities, said the bill stands out as one of the most ideologically extreme pieces of major budget legislation to come before Congress in years, if not decades.
http://www.politico.com/news/stories/0711/59223.html#ixzz1STyeqwDT
* Robert Greenstein
In 1994, he was appointed by President Bill Clinton to serve on the Bipartisan Commission on Entitlement and Tax Reform. Prior to founding the Center, Greenstein was Administrator of the Food and Nutrition Service at the United States Department of Agriculture under President Jimmy Carter
He is considered an expert on the federal budget and a range of domestic policy issues including low-income assistance programs, various aspects of tax policy, and Social Security.
Comments on Healthcare Reform:
“The Presidents proposal represents the last hope, perhaps for years to come, to enact comprehensive reforms that extend coverage to over 30 million uninsured Americans, provide important consumer protections to tens of millions of insured Americans whose coverage may have critical gaps, and begin to slow the growth of health care costs.”
if it passes the Senate (highly dubious) then Barry will be facing the same kind of moment that Bill Clinton had with Dickie Morris over the welfare reform bill (i.e. “if you want to end your political career right freakin’ now, go ahead with your threat to veto”)
I agree that the BBA is pointless. They will never get 2/3 of the states to approve it. Too many of them are deep in hock and looking towards an eventual Federal bailout, which could never happen if it passed.
There is something really offputting about an American president ‘threatening’ the citizens, lawmakers, and people who don’t agree with him. Differ in opinion. Talk it out. But threaten? That’s just not normal. O has issues. Imagine if he didn’t have 90% of the media and entertainment culture in his corner. His popularity would be 10%.
The budget is blown.
$100 Billion is peanuts.
This is all just parlor games and so much window dressing — deflection from the awful state to which we’ve been shoved — while the Left prepares their GOP hates poor people, working Americans and their first black president campaign ads.
The people of America are just vassals who exist to implement the Master Plan of the imperial Obama. They needn’t eat, or work or own property, but must only serve.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.