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

Skip to comments.

Obama Backs New Debt Plan That Doesn't Raise Taxes
CNBC ^ | 25 Jul 2011 | CNBC with AP & Reuters

Posted on 07/25/2011 3:47:05 PM PDT by Qbert

President Obama backed a proposal by Senate Majority Leader Harry Reid to avert a debt-limit crisis by trimming $2.7 trillion of government spending without raising new taxes.

White House spokesman Jay Carney said in a statement that Reid's proposal was a "reasonable approach that should receive the support of both parties."

Obama, meanwhile, will address the nation at 9 p.m. EDT Monday about "avoiding default and the best approach to cutting deficits."

Reid's plan, unveiled Monday, does not include any new tax revenue, as President Obama has demanded. But unlike the GOP plan, it would extend the debt ceiling into 2013—an Obama ultimatum.

House Speaker John Boehner quickly dismissed the Reid plan as full of "gimmicks."  Boehner said the plan failed to make any real changes in the government's spending and does not address the Medicare and Medicaid health programs for the elderly and poor or other benefit programs.

Republicans also are concerned that the cuts it contains would prove illusory, particularly $1 trillion or so in savings claimed by troop cuts in Iraq and Afghanistan over the coming decade. Reid countered that House Republicans claimed the same savings windfall when they passed their budget earlier this year.

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


TOPICS: Government; News/Current Events
KEYWORDS: debtceiling; debtlimit; gimmicks; harryreid; obama
Navigation: use the links below to view more comments.
first previous 1-2021-35 last
To: Qbert

FUBO!! No deals! Just cut, baby, cut!!


21 posted on 07/25/2011 4:25:28 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Evil Slayer
I thought he was told by both the House and Senate to stay OUT of this!!!!!

Which is why I think he believes his ace (the 14th Amendment) can be played soon. Tonight is the trial balloon. I bet he's going to try and come out "bold" and "strong" and start ordering Congress on what to do with this "mess they created"; or else (his ace up his sleeve).

Focus groups start the focusing, lamestream starts laying down the cover; EO by weeks end.

Articles of Impeachment had better be lying in wait.

22 posted on 07/25/2011 4:26:56 PM PDT by Michael Barnes
[ Post Reply | Private Reply | To 12 | View Replies]

To: All
http://www.speaker.gov/Contact/

Office of the Speaker
H-232 The Capitol
Washington, DC 20515
Phone: (202) 225-0600
Fax: (202) 225-5117

U.S. Capitol Switchboard, (202) 224-3121

23 posted on 07/25/2011 4:27:10 PM PDT by newzjunkey (Obama until 2017. Could happen.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
(Blubber, Blubber)

Alright! Alright! We won't raise taxes. Just give me my next deficit spending fix. Please! Please! Before I start climbing the walls and swinging from the refters

(Sob)

24 posted on 07/25/2011 4:29:51 PM PDT by YHAOS (you betcha!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RummyChick
Let's all save money on not buying these. What a savings: Swarovski. Gold. White gold. Such a bargain, even at twice the price. And you can 'save' that money. Just like we'll do in Afghanistan and Iraq:
25 posted on 07/25/2011 4:31:39 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Qbert

Obama addressing the nation again? He addresses us more often than the post office, but says nothing useful at any time.


26 posted on 07/25/2011 4:31:50 PM PDT by Wolfstar ("If you would win a man to your cause, first convince him that you are his friend." Abraham Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies]

To: combat_boots

I made a serious error. Al-Waleed’s Benz is covered in diamonds. Apologies to the Muslim Brotherhood, Aramco and the House of Saud.


27 posted on 07/25/2011 4:33:53 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: combat_boots

That ground has a weird green tint to it. Lots of copper I suspect.


28 posted on 07/25/2011 4:40:12 PM PDT by crz
[ Post Reply | Private Reply | To 25 | View Replies]

To: rjeffries

Scares me that the American people believe he actually has the power to order congress what to do. Of course, the press has been saying it since he was sworn in....in secrecy.


29 posted on 07/25/2011 4:47:01 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: rjeffries
Reid's plan, unveiled Monday, does not include any new tax revenue, as President Obama has demanded.

I think this is just a poorly written sentence. Journalism is a dying craft, you know. I believe the writer meant to say Hussein HAD demanded new tax revenue, but Reid's plan did not include Hussein's demands.

30 posted on 07/25/2011 5:09:55 PM PDT by Recovering_Democrat
[ Post Reply | Private Reply | To 14 | View Replies]

To: Qbert

I propose an amendment to whatever plan is adopted: If the deficit goals (audited by independent non-government entity) and spending cuts are not met we hold special elections within 30 days for all Senate & House reps.


31 posted on 07/25/2011 5:11:15 PM PDT by Thom Pain (Raising Tax RATES decreases Tax REVENUES. Spread the word.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfstar

“”Obama addressing the nation again? He addresses us more often than the post office, but says nothing useful at any time.””

I think this twerp has withdrawal pains if he doesn’t have his mug on TV every day.


32 posted on 07/25/2011 6:01:54 PM PDT by Thank You Rush
[ Post Reply | Private Reply | To 26 | View Replies]

To: Qbert

“”particularly $1 trillion or so in savings claimed by troop cuts in Iraq and Afghanistan over the coming decade.””

Charles Krauthammer said tonight that we might as well say we can cut $20 billion by not storming Normandy beaches again...


33 posted on 07/25/2011 6:03:27 PM PDT by Thank You Rush
[ Post Reply | Private Reply | To 1 | View Replies]

To: combat_boots

Where is that last pic?


34 posted on 07/25/2011 6:05:52 PM PDT by Thank You Rush
[ Post Reply | Private Reply | To 25 | View Replies]

To: Thank You Rush

Afghanistan

Don’t know the exact location. http://indianapublicmedia.org/news/files/2009/05/afghanistan.jpg


35 posted on 07/25/2011 9:20:53 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
[ Post Reply | Private Reply | To 34 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-35 last

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.

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