Posted on 07/23/2011 9:42:37 PM PDT by STARWISE
House Republicans are finishing work on a new proposal to resolve the standoff over the debt ceiling. The proposal, set to be finished and crafted into the form of a bill by Sunday, will be in two parts. The first will combine a short-term increase in the debt ceiling with spending cuts.
The second will lay the groundwork for a longer-term increase in the debt ceiling coupled with far-reaching deficit reduction.
"Senator Reid said on Friday that he is going to wait for us to move," says a well-informed GOP House aide. "So we'll move." Another well-informed aide confirmed the basic outline of what's happening.
Staff of the House Rules Committee is involved in the work, which is an indication that the process is nearing completion.
Before any bill can be considered on the House floor, the Rules Committee must first pass a rule setting out the process for its consideration. Once the proposal is finished, it would likely be posted on the Rules Committee website, probably no later than Monday, so the committee could meet to consider it on Tuesday and it could be on the House floor by Wednesday.
Work on the new proposal was underway before negotiations with the White House blew up on Friday. Sources say the plan was being created last week, even as the House leadership devoted considerable time to passing the "Cut, Cap, and Balance" proposal.
Once the Senate Democratic leadership blocked "Cut, Cap, and Balance," House leaders stepped up work on the new proposal. Right now, the new direction is believed to be the only way forward. "McConnell-Reid is just not a viable option in the House," the aide says, referring to Senate Minority Leader Mitch McConnell's complicated proposal to allow the president to increase the debt ceiling.
In a 2 p.m. Saturday conference call with Republicans, House Speaker John Boehner said that a new proposal was in the works, and that it would have two parts, but did not go into significant detail about what it would involve.
Boehner told his fellow GOP lawmakers that he hoped to have something done by 4 p.m. Eastern Time on Sunday in time to reassure Asian financial markets, which open at that time.
It's unclear whether the new proposal would have any Democratic support.
After a meeting between Boehner, McConnell, Reid, and House Minority Leader Nancy Pelosi, Reid released a statement saying, "I have said repeatedly
that I will not support any agreement that fails to raise the debt ceiling though the end of 2012." Asked about possible Democratic support, another Republican aide said flatly: "I don't know."
Somebody should put together a list of the democrat’s “demands.” And then compare it to the CCB and this new proposal.
If those “demands” are being met, but the democrats are still saying, “NO,” then this needs to spread like wildfire across the net.
This then demonstrates to all who are actually watching...the democrats are ...ARE DIRECTLY RESPONSIBLE FOR THE RESULTING CRASH, INFLATION, AND RIOTS.
Yes, I said RIOTS. If we don’t think for one second 0bama’s regime will actually STOP checks...we’re naive. He had been looking for his crisis moment since coming to office. There is no excuse for this behavior from the democrats.
CCB gave them what they asked for and they tabled that discussion. Republicans like the good parent over the unruly child placed guidelines into the bill. Budgeting etc. A constitutional amendment to balance the budget of the federal government. That needs to be ratified by the people who are supposed to hold the power...US! (the states).
Why can’t 50%+ of the country not see what this party is doing? They hang with these traitors...and can’t see they lose everything?! I just don’t get it.
Here's the appendix.
...they then figured out that they could collude with the press to lie about their *opponents* as well.
Cheers!
“The size of the lie is a definite factor in causing it to be believed, for the vast masses of a nation are in the depths of their hearts more easily deceived than they are consciously and intentionally bad. The primitive simplicity of their minds renders them a more easy prey to a big lie than a small one, for they themselves often tell little lies,but would be ashamed to tell big lies.” ~~A. Hitler
Reversing the Rat forumula, instead of tax increase now and future cuts later they are doing cuts now and promise of future taxes later.
It's the Press, stupid.
Owned lock, stock, and barrel by the left and by Soros.
We need to go all Susan Roesgen on their ass every time they dare appear in public.
Cheers!
“Once the Senate Democratic leadership blocked “Cut, Cap, and Balance,” House leaders stepped up work on the new proposal”
That is a mistake. You passed your CC&B, the SENATE refused to raise the debt ceiling. Should’ve left it at that.
What kind of opposition exists at all?
Thumb Puppet is where all Ø's brains reside.
Honest Dems? Hahahahahahhahahahahahaha!!! I mean... hahahahahahahahahahahahahahahaha!!!! I’m sorry, I just coughed up my Diet Pepsi. I think they make those people take an oath when they get into the Democratic party: “I, above all else, worship the State. Any means which advance the power and the glory of the State are justified. Amen.”
It can’t be just the press....stupid.
There is way too much going on that correlates directly to people’s own life experience...and they are still in absolute willful denial.
And I just can’t accept that people are just not getting what is happening to them...
God save America.”
Why should He?
“Work on the new proposal was underway before negotiations with the White House blew up on Friday. Sources say the plan was being created last week, even as the House leadership devoted considerable time to passing the “Cut, Cap, and Balance” proposal.”
Whoever cannot read the stitches on the fast ball knew that is true i.e. the half hearted support of cut cap and balance was showmanship. Bonehead even said as much when he said they had another plan when CCB was voted out. Kind of like playing poker and showing your adversaries you hole cards.
It will be interesting to see what Weed, er Reid, does because a failure to act will be on his shoulders and then the asshat who said he would NOT accept a short term extension of the debt ceiling. That part of the plan is great because it puts the ball in their court where it should have always been. Why we ever got in “negotiations” with the asshat at all is a mystery to me.
When the smoke clears and if this goes exactly to plan there will some damage to the Tea Party people because they may have to eventually go against their campaign promises, I am not happy about that, as I am sure the RINO’s are elated. (.)zero will portray this as going along with a bad deal because he had no choice. Former Senate Leader, come January, Weed probably sees the handwriting on the wall but knows he will be there for four more years nonetheless.
Amen!
Roemer just said the same thing on FOX News a moment ago...
If they crash, then we crash too. The world is much more interconnected these days.
But it would still be an issue in 2012. Obama would veto the bill, and if the GOP forced it to be repealed in order to pass the debt increase, Obama would have to campaign to defend shoving it down our throats.
They will pass a prioritization bill, but not until the Senate or BO rejects plan B.
The GOP has assumed control of the process. BO has become the empty suit we know him to be.
I hope you are right. But I think they are missing an opportunity by waiting.
Pass it now and refuse to discuss any plan that doesnt balance the budget in two years with no tax increase. Put out ads saying We saved the nation from default and saved SS and Medicare from Democrats who were threatening to not pay seniors. Every Republican could go on radio and TV saying, We protected our credit and protected our seniors from these radical Democrats.
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