Posted on 07/30/2011 8:21:33 PM PDT by Beaten Valve
ABC News has learned that Republicans and the White House have struck a tenative deal to raise the debt ceiling before the Aug. 2 deadline.
It's not done yet, but here is the framework of the tentative deal they have worked out, according to a source familiar with the negotiations:
(Excerpt) Read more at blogs.abcnews.com ...
Excellent point. Not holding my breath though.
Mark Levin said they never wanted tax increases because too many dem senators are afraid they won’t get re-elected if they vote for it.
This was not a good thing, and don't think those who would do us harm were not watching and taking notes.
2.8 TRILLION?!?!?
WTH?!?!?!
Maybe good politically, but sucks ass for America’s future. I’m not willing to sacrifice my son’s future for a potential Republican political win down the road. Guarantee BBA goes to the states or no debt ceiling increase.
It is a big deal because the Senate was holding up this bill over taxes. 0bama just threw Reid under the bus.
jeltz25 wrote:
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why is no tax increase a big deal? there was never going to be a tax increase.
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Good point. When has a tax increase EVER been attached to any previous debt ceiling increases? Never. So why should no tax increase on this supposed agreement be considered some sort of victory for our side or America?
Haven't we been down that road before with RR and O'Neil?
I'll believe it when I see it.
see post #42
All obama, and the dem leaders, wanted was to get this past the 2012 election. The gop could have had anything they wanted a long time ago if they’d let him have that. All the other stuff by Reid is smoke and mirrors.
let him toot his horn, even kill OBL only gave him a 4 month bump.
This is a win for our side if we get cuts and no tax increases.
aren’t we lucky?
BBA tied to NOTHING??—so they can spend with no cares and then say lawfully we have to pay for all their spending. It needed to be tied to GDP and have limits. Nothing about baseline budgeting. UGh!
I am sure that China and Putin are watching intently.
why do you say that? Reid’s bill didn’t have any taxes. The dems were always willing to forget about taxes. The fact taht they didn’t raise them in 09-10 and even extended them another 2 years shows they don’t really care about them and they’re just using the issue to whip up their base.
i’m not saying this deal is bad. But I think it could have been so much better. I think if the GOP held firm through tomorrow and into Monday they could have gotten far more. I think they could have gotten CCB passed, or at the least passage of a BBA and have it sent to the states, along with everything else they have in this deal.
•If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.
Across the board including cuts but not limited to those programs.
Anyway. I want to hear more details about this provision. On the surface this one caught my eye as something worthwhile but they have a habit of creating loopholes that don't favor us.
If Congress does not agree to whatever the comission wants, there will be automatic cuts - i.e. any increase in taxes would have to be voted on (another thing that the GOP wanted).
This White House assertion smells of Axelsleazy astroturfing.
Maybe no tax increase...just pass along the 1.8 TRILLION extra in spending over the cuts....
Yes, looks that way to me too.
Obama didn't get much at all, if anything.
Hussein didn't want the 2 part deal, didn't want cuts equal to debt hike, wanted a tax increase, didn't want a BBA vote.
He got slammed on all 4 counts.
So. They still would have to own cuts to social programs. They cannot put this around the GOP’s neck in 2012.
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