Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kcvl
The administration said the measure, which is not expected to move through the Senate, is unnecessary and unrealistic.

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

29 posted on 07/18/2011 11:32:07 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Don Corleone

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 party’s 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 O’Neill 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 Treasury’s 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 President’s 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.”


35 posted on 07/18/2011 11:42:40 AM PDT by kcvl
[ Post Reply | Private Reply | To 29 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson