White House may be open to short-term debt deal

Los Angeles Times ^ | 7/20/11 | Michael A. Memoli

[Nachum]

The White House signaled Wednesday that President Obama could accept a short-term deal to raise the debt ceiling, but only if it appeared lawmakers were close to an agreement on a significant deficit reduction plan. The hope of such a "grand bargain" was revived Tuesday by the so-called Gang of Six senators, who outlined a deal that would achieve nearly $4 trillion in deficit reduction in the next decade through spending cuts, entitlement reform and an overhaul of the tax code. (Snip) Obama has repeatedly called for a debt limit increase that would carry the government through to 2013

[Nachum]

Now we know why the Won called the troops into the White House today :)

[Principled]

No short term deal is needed.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[ilgipper]

blink.

[HIDEK6]

This "grand bargain" language looks like an attempt to equate balancing the budget with bringing the North and the South together after the Civil War.

All for the greater honor and glory of obama.

[Principled]

if it is a blink, what should boehner do as a reply - offer something short to give time to complete the gang of 6 crap sandwhich?

[stephenjohnbanker]

” This “grand bargain”...

I have a REAL Grand Bargain......impeach the Child Marxist!

[screaminsunshine]

Shut the Sucker down! Just shut it down. Let them sweat. They are so scared it is evident. Shut it down now!

[ken5050]

Disagree..a short term deal IS needed..say $500 billion debt increas, obut only is coupled with $ 500 billion in actual CUTS this year..

[MulberryDraw]

How about a 1 to 3 month deal with immediate cuts?

[ScottinVA]

If the repubs offer him a short-term deal, make it with as harsh a set of terms possible.

[Jess79]

See what happens when Republicans call his bluff?

[rjsclassics]

I’m so tired of spineless RHINOS

[blueyon]

Hey I say do it...3 to 6 months...period

[God luvs America]

yup....

[LowTaxesEqualsProsperity]

The “Gang of Six” “plan” is a $3 Trillion (largest in history) tax grab against the middle class.

Attacking our mortgage interest deduction, our 401k/IRA contributions, and our employer’s health insurance contributions.

An all-out attack on the middle class.

Passing this will mean the Death of the Republican Party.

[Poison Pill]

The GOP needs to understand that if they go with a TEFRA style plan they’re finished. The Democrats will NEVER keep a promise to cut spending. EVER. It’s been tried before. It won’t work. There is no circumstance under which a Democrat can be trusted.

[Principled]

ok well what happens when the short term deal runs out and by then the gang of 6 IS ready to put forth their proposal?

Then we go thru this again - and have to avoid a cave again - and risk falling further again...

[ilgipper]

I have no idea, but he insisted on no short-term solution and threatened to do the cutting of SS on 8/3. Now, he changed his tune.

IMO, I’d rather the house sign on to the debt increase with some cuts than any of the big deals being discussed. Assuming CCB isn’t happening with this Senate (which is my assumption all along), I’d rather take some cuts, do the debt increase and kick off the 2012 campaign than one of these ultra-damaging other bills. The Dems simply refuse to cut, so we need to remove more of them and get it done later.

[rokkitapps]

“Don’t call my bluff” ... week later.. calls own bluff