Posted on 07/31/2011 5:58:37 PM PDT by Free ThinkerNY
WASHINGTON (AP) -- Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.
(Excerpt) Read more at hosted.ap.org ...
The only interest that mac, the crybaby liar, daddy in seeing a deal pass was that it would extend pass his re-election period.
He had no plan, and no thought except to protect HIMSELF.
HE left all the work up to his will slaves and when it fail it will be their fault because, according to HIM HE had a secret plan, but then again we all know that HIS lips were moving therefor HE was lying.
NO cheers, unfortunately.
So basically the GOP caved.
Wow - if true
10:31pm | Bush tax cuts.
If the “Super Committee” fails to pass a balanced deal, President Obama will be able to veto an extension of the Bush tax cuts, which expire on the same day the mandatory spending cuts will go into effect.
Read more: http://www.businessinsider.com/live-coverage-debt-ceiling-sunday-negotiations-2011-7#ixzz1Tk1WVhG3
With people like Crybaby Boehner in positions of "leadership", was there really any doubt?
No, it is obama’s deal. He won.
He got the credit card limit extended right through next year’s election in exchange for a promise to cut spending over the next 10 years.
A promise from this gang is meaningless.
End of the day, the feds got more borrowing so it is obama’s deal. He won.
Nobody in DC wants to correlate the rising debt ceiling with declining jobs.
The rising debt ceiling has two consequences....
more regulation ...
to occupy employees in expanding federal bureaucracies...which expand because “they have more money” and another layer of bureaucrats need their 20 year promotions... Each round of regulatory expansion is the effective equivalent of another targeted tax increase on the object of the regulation.
more taxes...
The rising debt ceiling has demands and expectations of creditors for new elements of “revenue raising” by the Feds...taxes or fees.
In this strangling environment job creation is simply NOT possible.
In fact the only logical conclusion..can be ..is that the Federal apparatus -initially an asset to the United States..by virtue of its abilities to raise an effective Navy in the late 1700’s, and early 1800’s to facilitate overseas trade on behalf of the States, has become nothing other than the States greatest liability at this point in time. In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line.
For DC to face this fact...means the end of the K St-Congressional Party cycle in DC-the one that keeps repeating “2.4Trillion” as their mantra.
IMHO...the only solution is a 50 state secession from DC at this point...with a completely new “Constitutional Re-Federalization”...
I'm not as worried about my sanity as I am about my children and my blood pressure.
I simply cannot put into words suitable for this forum how completely upset and angry I am this morning that the Republican's caved and gave Obama the very issue he wanted to get past the 2012 elections.
Just when I had a tiny bit of confidence that Boehner finally developed a spine, he caves.
I'm hearing this morning that up to 100 Republican's in the house are voting AGAINST the "deal" ... I hope that's true and I hope it's enough to kill that stinking pile of manure known as the "debt deal."
I'm off to work ... God only knows why, but I'm off to work. One of these days I'm going to QUIT so that these a**holes in Washington DC can't take any more of my money. That day is coming real soon, I've just had enough.
Bears repeating. Time to sweep the Senate of the Mitch McConnell's......
LOL! Urkel gets 2 trillion to dole out to his Union buds IMMEDIATELY who can then funnel billions of dollars back to RAT campaigns while the "spending cuts" are "long-term" which means next year's Congress can ignore starting next year because one year's Congress can not tie the hands of the next year's Congress.
Yep. One thing is certain: Government will continue to grow.
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