$3.8 trillion.
Reid thinks that we are all imbeciles who cannot see through what he’s doing.
Only one thing happens after political wooing... stand by for a screwing.
There it is there. The republicans are trying to make the democrats "own" the tax hikes. They are all about the politics of the situation.
The truth is that the American Taxpayer is going to "own" the tax hikes.
The taxpayers are going to be stuck with a backbreaking debt that will take generations to pay off at best. At worst, who knows?
woo who?
Which RINOs are in his crosshairs, so to speak?
Implied link ....What Tina wrote yesterday:
What’s so wrong with Reid’s bill?
***************************************************************
House Speaker John Boehner’s debt-ceiling-and-deficit-reduction bill, now through Revision Round 2 and headed for likely passage, has hogged most media attention over the past few days, but, with Senate Majority Leader Harry Reid now touting his bill as “the only compromise there is,” the lesser-known parts of Reid’s proposal deserve a little bit of attention.
First and most importantly, the bill actually explicitly seeks to excuse the Senate from passing a budget resolution for the next two years. Reid and Senate Democrats have enjoyed a more-than-800-day vacation from crafting a budget in the first place, but that’s just not enough – never mind that the law requires the Senate to pass a budget every year. So, how does the Reid plan enable the Senate to skirt its responsibility even further? It “deems” a budget for this year and next year.
Sen. Jeff Sessions (R-Ala.) explained today on the Senate floor just what this means:
The Reid amendment to increase the debt limit deems two consecutive budget resolutions for fiscal years 2012 and 2013. In other words, it basically takes over the budget process and sets the basic spending number. Does the president think the Senate should go two more years without crafting or passing a budget? We’ve already gone two. The Reid amendment sets spending allocations for most Senate committees at the Congressional Budget Office’s rising baseline. … So it just says we’re going to deem the amount we spend, what C.B.O. has projected our growth and spending to be. And C.B.O. projects growth in spending. They don’t set that as right for America, but they project that’s what will occur under current circumstances. … So without hearings or debate on these allocations, this provision would provide a further excuse for avoiding a budget and increase the likelihood … the Congressional Budget Act will be violated for the third straight year. This is an abrogation of the responsibilities of the Senate and of the Budget Committee of the United States Senate. We were not elected to the Senate and chosen to serve on the Committee on the Budget … to see most of the budget levels automatically raised based on a set of spending growth projections by some apparachix in the C.B.O.
Sessions is right. It is an abrogation of responsibility — and one that’s been little remarked upon in discussion of Reid’s amendment.
Next, Reid’s bill boasts the largest debt increase in U.S. history — $2.7 trillion. Up to now, the most sizable increase has been $1.9 trillion (also an Obama increase). Debt ceiling increases might be routine — but hikes of this magnitude are not. Far better — and, frankly, more in line with precedent — to split that increase into two “smaller” amounts (even split in half, the increase is monstrous!).
Finally, as has been repeatedly pointed out, the savings in Reid’s bill aren’t exactly real. Reid touts dollar-for-dollar savings, but that’s a ruse. The bill actually delivers just $1 trillion in cuts in exchange for that unprecedented $2.7 trillion increase. The Global War on Terror savings are a gimmick. The administration has never requested current levels of funding for the war for the next ten years (i.e. the administration has never planned to spend $160 billion each year on the war for the next 10 years). Not funding what the administration was never going to fund doesn’t qualify as a cut.
Yet, Reid still claims his bill represents a compromise, whereas Boehner’s bill does not. Here he is today, making it sound as though he’s doing a favor to moderate Republicans who recoil from the lack of compromise Boehner has put forth:
Right now, this is the only compromise there is. … What is being done in the House is not a compromise. It’s being jammed through there with all kinds of non-transparent dealings. We’re recognizing the only compromise there is, is mine. Ours is truly a bipartisan piece of legislation. Republicans realize that. I’ve had a number of Republicans come to me. I had one Republican come to me and say, “Thank you” for your legislation. … I’ve asked my friend Sen. McConnell to meet with me and try to work this out. … The stakes couldn’t be higher. The security of our nation, every family, is at stake here. If the debt ceiling is not increased, every American family will feel an increase in their taxes, all their payments, credit cards, loans that they’ve taken out for their children to go to college, car payments, mortgages on their houses. So I say here to my Republican colleagues in the Senate to put the American people first. … The people we all represent want us to come together.
But what does the bill offer that Republicans want? Equivalent cuts? No. Enforceable future cuts? No. A vote on a balanced budget amendment? Certainly not.
Why aren’t House Republicans writing Reid a letter to say they won’t support his bill if it makes it to the House? Why isn’t Boehner saying it’s DOA?
http://twitter.com/#!/SpeakerBoehner
SpeakerBoehner Speaker John Boehner
DOA: @SenatorReid’s bill a non-starter in the House (and the Senate?) http://j.mp/o2UbyD
58 minutes ago
The Republicans should tell Reid to go straight to H-— and take his trolls with him..
This is the road to nationalist socialist tyranny, and the establishment of the United States of Zimbabwe.
This must not be approved by the House Republicans, it must be rejected. It is a grift of massive proportions, and it willbe used to destroy the investing conservative class in America.
And still the sheeple sleep... Ridiculous. The entire charade would be laughable if it were not so absolutely serious.
There is only one way to fix it... Zero Based budgeting, every year. Constitutional validation of every department, bureau, agency, commission and committee in terms of the enumerated powers found in the Constitution.
Implement the Fair Tax model (less the patently offensive subsidies), and address the ‘double tax’ issue with offset credits based on current market value of held (declared) funds (retirement funds, annuities, 401k’s, etc.).
Require two-thirds majorities in both houses of Congress to change the established tax rate, subject to recall by the electorate.
Good start.
The bottom line here is Obumbum needs the debt limit to be raised past his election so that he can try and get reelected without this facing him again!
The liberal socialist will never agree to a balanced budget because they will not be able to continue running their [ponzi] schemes, i.e. social security (they ripped off for more than 70 trillion dollars)!
Liberal socialist want to raise our taxes to pay for more of their social programming and will not compromise on this!
Finally, they need social security, medicaid, and medicare as issues to use against Republicans in the election, because they have no other issue, so reductions, or any attempt to revamp these programs to make them viable will be prevented by these same socialist!
Any deal will be bad for America, don't be fooled by the old media who is carrying the water for this administration, and bigger government control over the people.
If the Republicans vote for this, or anything close to it, I don’t think I can cope with it. This gives the Executive Branch even more power than it has already consumed since Obama was elected.
More accounting gimmicks in Reid’s new “increase in cuts”, too:
“Reid also increased the total level of spending cuts from $2.2 trillion to $2.4 trillion, in part by using the January baseline - a budget maneuver House Speaker John Boehner (R-Ohio) used on a previous version of his debt-limit plan. The January budget baseline does not count cuts Congress implemented in legislation passed this spring to avert a government shutdown.”
http://www.americanthinker.com/blog/2011/07/reid_strikes_back.html
Any Republican who even debates the Harry Reid/Senate plan should be publicly flogged with a wet copy of the US Constitution and drummed from the Party in infamy.Any Democrat who votes in favor of that plan is already a Commie Pinko Fag and not an American.
Detail time...see all of the thread!!!
giving more power to Obama is imbecilic and any GOPer who votes to do it should be recalled!
fyi
Don’t you think this is wonderful? This is the plan we’ve all be waiting for! We should all shout for joy! Our country is saved! sarc