Posted on 07/26/2011 11:23:46 AM PDT by SeekAndFind
Edited on 07/26/2011 5:05:12 PM PDT by Admin Moderator. [history]
The leader of a large group of House conservatives said Tuesday he was "confident" there weren't enough GOP lawmakers to pass a plan by Republican House Speaker John Boehner to increase the debt ceiling and reduce the deficit.
Rep. Jim Jordan (R., Ohio), who said the Boehner plan didn't cut spending enough, heads a group that includes 178 of the 240 Republican House lawmakers.
(Excerpt) Read more at online.wsj.com ...
There will be a short term 11th hour fix which will lift the debt ceiling and kick the can a little bit further down the road but this will lead to an S&P downgrade (if they're true to their word).
None of the proposals really come close to achieving what the ratings agencies are looking for apart from Coburn's proposal.
They didn’t vote on the CCB bill. They voted to table it. There has been no vote on the bill.
All Boehner needs is to cut so little that the Democrats will vote for it.
Dem-RINO Coalition
Agreed. This raise debt ceiling now and cut spending later is just not getting it. Everybody has now wised up to the fact that cuts over 10 years probably means little or no cuts at all.
Cantor is 100% with Boehner on this. These are the numbers they've been putting forth for months.
Problem is people are changing the goal posts on them the last couple of days. Not good.
Actually not. To cut ANYTHING is anathema to Dems.
That's exactly why dems been opposed to it all along. That and the "no tax hike" pledge which Boehner has cited and which is passing unless something messes up this deal.
If Boehner fails, Obama crows. Ugh.
That's right.
My understanding is that the votes may have been there in the Senate. Which is precisely why Reid tabled it -- a vote was dangerous, and so a vote was not allowed.
He said he was kidding and the quote was in quotes. To bad you are so stupid to realize.
Apparently it cuts $6 billion in 2012.
Cuts will never happen beyond that.
This is a joke.
BTW, this is the first big public rift with the conservative caucus from Boehner, who has to pay attention to them.
The ratings agencies say they need to see $4 trillion in *spending cuts* (not debt increase) or it’s downgrade time. Obama et al want *no* spending cuts.
I’ve read that too. Also, Sen DeMint wanted more time to lobby for it in the Senate before Boehner came out with yet another bad House deal. DeMint tweeted a couple of days ago that he was only short 4 Democrat votes for CCB to pass in the Senate. At least bringing it to the floor for debate offers the opportunity to discuss it, vote on it, or amend it.
I still can’t figure out why the annual deficits are FOUR times what they were just three years ago. Someone please explain to me how the deficit went from $400 Billion to $1.6 Trillion in less than three years.
That wouldn't work, it just might have passed. This would not have pleased Reid....or Boehner.
The American Dream has been killed by incremental socialism, and the ability of the left to seduce the American people with promises of something for nothing. They have won to date because they think long-term. A properly drafted constitutional amendment with no current spending cuts is an extremely difficult instrument for Democrats to vote against because there are no immediate cuts they can demagogue. Voting against it will just look irresponsible to a fickle electorate that wants a balanced budget conceptually, but shies away from the tough decisions necessary to implement it. An amendment eliminates that problem.
If ratified, it would give us a command of the long-term high ground we've never had. It's the Manhatten Project of fiscal discipline.
Sure, it would be nice to get immediate cuts, and to have it balance sooner. But getting those votes will be tough. So give the RATS the painless way to claim they're fiscally disciplined by giving them a clean amendment with no immediate consequences. The absolute beauty of getting such a resolution through the House and Senate is that the state-level ratification debate would occur in 2012, and would be a huge boost for conservatives. And of course, Obama couldn't veto it, but might waste a whole lot of political capital in trying to oppose it.
Yes, the CCB is perfect. It gives that thing living in our WH what he wants....no debt ceiling coming up in the election year. The goons need to be cut, capped and balanced...
Oh, yeah....PREACH it, Jim! You're speaking for US, your constituents.
I like the current path: do nothing. This cuts $1.65 Trillion by the end of the year.
Yep.
Mine. ;*)
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