Posted on 07/24/2011 7:44:03 AM PDT by jimbo123
Republican U.S. House of Representatives Speaker John Boehner said on Sunday that he would prefer to unveil a bipartisan deal to raise the debt ceiling and that his last offer to Democratic President Barack Obama was still on the table.
-snip-
Boehner said his offer that included some $800 billion in new tax revenue and massive spending cuts was never withdrawn.
That plan was dubbed the "grand bargain" despite his decision to walk away from negotiations with Obama last week.
"I don't know, it may be pretty hard to put Humpty Dumpty back together again. My last offer is still out there. I've never taken my last offer off the table,"
(Excerpt) Read more at reuters.com ...
I respectfully disagree - while it is a lever, it is not the lever.
If we keep the House, we will have a more powerful lever when we write the budget. We won't write in anything we don't want. We certainly won't spend to the extent that we'll run out of money halfway thru the year! If we gain the Senate, it will be even better. Only a veto can slow it down. If we get all 3, then great.
The current lever has a lot of downside to 2012 elections for Rs. Instantly ripping about half of gov't spending would absolutely crush election chances. IMO... gotta add that.. IMO! I don't think folks will be happy when zero decides to not fund the FAA, for example.
So while this is a BIG lever, it is dangerous. I think the dems are absolutely stuned that we've held on like we have.
On the contrary.
It should take place in '12 during election season so a GOP President can run on a platform of LOWERING taxes.
Office of the Speaker
H-232 The Capitol
Washington, DC 20515
Phone: (202) 225-0600
Fax: (202) 225-5117
U.S. Capitol Switchboard, (202) 224-3121
More dangerous than giving Obama access to another 2.5 trillion dollars and over a year to use it in furthering his agenda? Look what he's done to our country already.
You do make a sensible appeal but one I think we've heard for decades now and don't forget that the Republicans controlled both the House and Senate when we had Bush II in the White House. The debt still increased. The best we've done in bringing down the debt, was when once before, a determined Republican controlled congress and held another lawless president Clinton's feet to the fire.
Do you think it's ever going to get any easier? Most likely, it's going to become even more painful the longer we delay. And are you so sure that if we do kick the can again, that it's not going to sail right off the cliff? We're dangerously close to the edge now, along with the rest of the world.
Many unknowns and much to consider but I do know there is considerable wasteful government spending that can be stopped and without damaging the country. I'm also afraid this may be our last chance to get this government back under the control of the governed, if it isn't too late already.
My $0.02 Respectfully,
Great idea! Lets get the word out. I of course would not be buying anything, serving a tour in Afghanistan right now, but, would certainly work hard to get the word out to our fellow Americans!
It is time to cut off the beast and let it die on the vine! Our so called ]representatives] will not listen any other way!
Thanks for your service...stay safe.
I would likely take a popular and credible name behind something like this and at the moment, I can’t think of anyone that would take the risk to promote such a demonstration.
Again, if the tax BASE is broadened, ie, people NOT currently paying will be made to pay,then your taxes will NOT increase but the cash flow to government will increase. This is the Boehner plan.
As to whether the money will go to deficit reduction is another argument entirely.
Well, you are correct here. I suppose I am thinking and have always believed EVERYONE should pay something in taxes and if you are at a zero rate now then the imposition of a minimum tax only means you now have a positive baseline and any increase post that is a raise in rates. Before your rates are raised you have to have a rate of taxation and zero is not a tax rate (to me, anyway).
I know it’s a bit tortured, logic wise.
Bonds are not variable interest, but they do mature and have to be rolled over. If you think that we can freeze the debt ceiling and just start paying off everything as it comes due, then you are delusional.
See: fungibility
Boehner shold tell Obama:
“Elections have consequences, WE WON.
Obama is welcome to come along for the ride, but he’ll have to sit in the back of the Bus!”
Hmmm.. I wonder who said something like that in 2009.
It's a first step. How bout a lower rate flat tax that everyone pays, tort reform, deregulation in every field and eliminating government departments not authorized by the constitution?
Let's hear your plan.
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