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Obama praises 'Gang of Six' plan
AP (American Pravda) ^ | Jul 19, 1:54 PM EDT | By ANDREW TAYLOR

Posted on 07/19/2011 11:16:24 AM PDT by Red Badger

WASHINGTON (AP) -- Time running short to raise the government's borrowing limit, President Barack Obama on Tuesday hailed a plan by a bipartisan senators' group on deficit reduction as the kind of "balanced approach" the nation is looking for. He said it's time for Congress as a whole to rally around such a proposal.

"We don't have any more time to engage in symbolic gestures, we don't have any more time to posture. It's time to get down to the business of actually solving this problem," the president said.

Obama spoke even as House Republicans pushed toward a vote on legislation that would require trillions in spending cuts and a balanced-budget constitutional amendment in exchange for an increase in the debt ceiling. That plan is unlikely to get through the Senate, and Obama has said he would veto it.

Facing an Aug. 2 deadline to raise the debt limit, Obama said he would call House Speaker John Boehner after the vote to invited him and other leaders back to the White House for meetings in coming days.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Front Page News; Government
KEYWORDS: coburn; conrad; crapo; durbin; gangofsix; lamar; traitor; warner
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THE FIX IS IN...................
1 posted on 07/19/2011 11:16:26 AM PDT by Red Badger
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To: Red Badger

BOHICA Redux


2 posted on 07/19/2011 11:19:01 AM PDT by TheRobb7 (Folding@home.....Google it, then join the healing.)
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To: Red Badger

great, so if 0bama praises, I’m assuming the RINO’s caved. Please correct me if I’m wrong...


3 posted on 07/19/2011 11:19:01 AM PDT by FightforFreedomCA (It starts here! It starts now! Mr. President, game on!)
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To: Red Badger

He likes this plan because it does not involve any real spending cuts, just tax hikes.


4 posted on 07/19/2011 11:19:06 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: Red Badger

“...74 percent of the plan’s deficit-reduction goal would come from spending cuts and 26 percent from higher revenues.”

http://thehill.com/blogs/on-the-money/budget/172189-coburn-rejoins-gang-of-six-backs-37t-deficit-reduction-plan


5 posted on 07/19/2011 11:20:40 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Red Badger
JUST SAY NO, you fools!

Absolutely no hope if they snatch victory from the closest thing to a win that they have had politically in years.

They WILL regret this BIG TIME come 2012 if they go through with it.

6 posted on 07/19/2011 11:22:20 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Red Badger

Of course he supports it. The thing is his plan, tax increases included, rebranded.


7 posted on 07/19/2011 11:22:41 AM PDT by Ingtar (Together we go broke (from a Pookie18 post))
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To: Qbert

Yeah....higher taxes NOW, spending cuts LATER (if ever).


8 posted on 07/19/2011 11:22:54 AM PDT by clintonh8r (Member Emeritus of Vitriolics Anonymous.)
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To: Red Badger

“Gang of Six” is an appropriate term.

Every one of them from the president on down is a gangsta.

Whatever they come up with, we will see taxes raised, unemployment increase, spending through the roof and the middle class ultimately wiped out.

Change we can all believe in.


9 posted on 07/19/2011 11:23:05 AM PDT by fatnotlazy
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To: ClearCase_guy
He likes this plan because it does not involve any real spending cuts, just tax hikes.

It's the "kick the can" that he likes so HE doesn't have to cope with it before the elections.

10 posted on 07/19/2011 11:24:15 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Red Badger
No, you guys don't understand: they're going to take our money AND our freedom.

This is really a great deal.

If you stupid racist, sexist, homophobes were smarter you'd understand.

/sarc
11 posted on 07/19/2011 11:24:39 AM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: clintonh8r
Yeah....higher taxes NOW, spending cuts LATER (if ever).

What the he!! good is higher taxes going to do if nobody is working and the market is tanked?

12 posted on 07/19/2011 11:25:48 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Red Badger

Sens. Kent Conrad (D-N.D.), Mark Warner (D-Va.), Dick Durbin (D-Ill.), Mike Crapo (R-Idaho) and Saxby Chambliss (R-Ga.), and Tom Coburn (R-Okla.)


13 posted on 07/19/2011 11:26:26 AM PDT by Jeff Chandler (Just once I'd like someone to call me 'Sir' without adding 'You're making a scene.' - Homer Simpson)
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To: Tzimisce

Any, and I mean ANY, Republican that votes for this is an open enemy of the American people and should be removed from office.

If the party passes this, we need a new party.


14 posted on 07/19/2011 11:27:00 AM PDT by LowTaxesEqualsProsperity
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To: fatnotlazy

If Obama likes it that is all I need to know. Run away from this fast!


15 posted on 07/19/2011 11:27:20 AM PDT by Free America52 (The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
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To: Red Badger

Ann Barnhardt is right. There really is a Combine up there (just like here in the People’s Republic of Illinois).


16 posted on 07/19/2011 11:27:27 AM PDT by Marathoner (What are we waiting for? Where are the Articles of Impeachment?)
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To: Red Badger

If Obama praises it, it’s trash.


17 posted on 07/19/2011 11:27:44 AM PDT by Judith Anne ( Holy Mary, Mother of God, please pray for us sinners now, and at the hour of our death.)
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To: Red Badger

I don’t know whether to scream or cry. Barry is pimping out these useless Congressional Republicans. No fight in them at all. Readily agreeing to tax increases with 9% unemployment is their Waterloo. God help us.


18 posted on 07/19/2011 11:27:54 AM PDT by lodi90
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To: Judith Anne
If Obama praises it, it’s trash.

That honestly is all that is needed to know!

19 posted on 07/19/2011 11:29:08 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Red Badger

Tax increases i can believe - spending reductions I cannot. Maybe the cuts are just cuts in presumed iincreases and not actual cuts to existing spending.

So Obama is going to get away with it - spend like a drunken you know what and then force us to pay for it under the “THIS IS A CRISIS” mode.


20 posted on 07/19/2011 11:31:25 AM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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