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 ...
No no no no NO! The House Republicans DO have the power. They have veto power over EVERYTHING. They have the power of NO. That is the power they have, and unfortunately the man in charge isn’t one that seems to be good at saying NO.
Take what we can? That’s NOTHING! NOTHING. Barack ain’ gon’ never let things go back ta bein’ like they wuz. You can be sure of that. I mean to say, things are changin’. It don’t take a weatherman to know which way the wind blose.
Boehner's plan cuts $6 billion is all and adds $7 trillion to the debt! Cuts my arse!
That is four tenths of a percent of a 1.5 trillion dollar budget. And you’re correct, this House cannot bind future houses, so anything after next year is out of their control. Of course, they can put things on the books and then later congresses have to vote to change or overturn them, if they wish. That’s a lot of what these f’king rats are doing now - defending the increases they’ve made the last three years.
I think you need a nap..
How does this get done without entitlement reform?
60% of the budget is entitlements
20% of the budget is defense
We run a 44% deficit. We can eliminate all discretionary spending and we are still down 24%.
Cardinal4 the brilliant wrote this gibberish as he is such a scholar that he thought this up: I think you need a nap..
And you are DEFINITELY not a cardinal. If you are going to complain about something at least paste what I wrote so I know what I said that has your panties in a wad. I don’t even know what you are crying about. That is how Free Republic works. I have no idea how long you have been a member and don’t have time to even check or care but at least know how to perform here on FR.
Some of it is due to the safety net, but obviously that isn’t all of it. Obama and the Dems just increased spending willy nilly, it appears.
If we can figure that out, why can’t the Republicans in Congress? This good of an opportunity like this to actually get a BBA through as justification for raising the debt ceiling might not come along again. No other deal seems possible, voters insisting that something be done, etc. It’s there for the taking.
With a $T increase, Debt to GDP ratio will go from 67% to 73%. Historically, economies start grinding to a halt at 90%. Maybe Boehner’s getting his advice from Greece.
CNBC reporting CBO has scored Boehner’s plan & it only cuts $850B over 10 years. Boehner will have to rewrite to meet his promise to cut more than the debt ceiling increase.
PING
I like it! That's the Pawn Stars Old Man's method of negotiating!
Everywhere it is being reported that CBO tells Boehner there are NOT ENOUGH CUTS. Boehner is going back to the drawing board. Thank God for the House Freshman who have been right out the gate, ever since we elected them. Jim Jordan is a hero for sticking with the plan.
Hold the dang line.
From 2008 to 2010, the tanking economy cost us about $490B in revenue. Legislative changes (tax cuts and spending) cost us about $509B.
I think Boehner knows that he has the Dems by the short hairs and the Senate Dems would probably have voted for the similar Senate plan if the leadership hadn’t tabled it.
So this pressure from conservatives (although some of the names on that list weren’t conservative, which gives me pause) could only help him. He is in a winning position right now and probably can ask for more, but on the other hand, even if he has to “compromise” by falling back to the original plan, it’s still a heck of a lot better than the other options. And Bambi will probably veto it anyway...and probably get overriden, if Boehner plays his cards right.
“If we can figure that out, why can’t the Republicans in Congress?”
The temptation is to say...because they’re the gop and the party of cringe, cower, cave, and capitulate. But that’s too crass and too simple.
I think that some of the leadership probably does get it, and is trying to get it through. Others get it as well and are doing what they can to scuttle a deal.
Part of the reason I favor of repudiation and/or default is because that’s the only way I see that we will get fiscal sanity and a BBA in the long run. But who knows? The political class might do something right. Even a blind squirrel gets a nut every now and then.
In five years we become Greece. Our Debt to GDP ratio will be 120%.
CHECKS and balances.
The Senate voted last week.
Begging your pardon, Jedidah -- last week, the Senate voted to table the bill: that is, no real binding up-or-down vote, just let it hang in limbo.
Cheers!
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.