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Boehner said his offer that included some $800 billion in new tax revenue and massive spending cuts was never withdrawn.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 ...
A loophole is just another name for letting people keep more of their own money. I want as many “loopholes” for as many people and businesses as possible. The problem is not loopholes, it’s spending. The less $ politicians get, the less they can waste and hand out to its cronies.
Loopholes for everybody!
How is that? Are all U.S. government bonds now variable interest? Could the government live within its means and not borrow 40% of expenditures??? Our government is like some naive teenager with a new credit card buying things on credit so they can "improve" their credit rating. What utter stupidity...
LOL! Loopholes for everyone! I like it!
Tax rates, broader base, loopholes... (freaking yawn). It doesn’t matter where the $800B comes from - - it is another $800B the scumbag Democrats will use to grow government and buy votes. Somehow, taxes are always raised and collected but the spending cuts (ie., slower increases in spending) never actually happen.
Well there you go - I’m opposed to anything that will make taxpayers be against each other. IMO if we all payed the same marginal rate it would be ideal.
Now THERE is a principled thought! Toss in our Republican Congress CUTTING government spending LIKE we ELECTED them to do in 2010 and you've got SOMETHING!!!
I do believe Boehner got the best of them.
The incompetency is in the White House and in the Senate leadership. Boehner might say "Hey, that's all off the table now, but how about some unicorns and fairies ~ does that sound OK to you" and Obama would jump at it.
Let me say this about that ~ Obama and Geithner are not entirely incompetent ~ they are DELUSIONAL. They're "using" something.
Ah, the royal 'we.' And used in the same reply where you say I'm acting like the King of FR. How humorously ironic.
Add loopholes for no one and I’m in as well!
I just read this. Is this legal?
‘Super Congress’: Debt Ceiling Negotiators Aim To Create New Legislative Body
http://www.huffingtonpost.com/2011/07/23/super-congress-debt-ceiling_n_907887.html
Excerpt:
WASHINGTON — Debt ceiling negotiators think they’ve hit on a solution to address the debt ceiling impasse and the public’s unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.
This “Super Congress,” composed of members of both chambers and both parties, isn’t mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers — six from each chamber and six from each party.
Legislation approved by the Super Congress — which some on Capitol Hill are calling the “super committee” — would then be fast-tracked through both chambers, where it couldn’t be amended by simple, regular lawmakers, who’d have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law. A Super Congress would be less accountable than the system that exists today, and would find it easier to strip the public of popular benefits. Negotiators are currently considering cutting the mortgage deduction and tax credits for retirement savings, for instance, extremely popular policies that would be difficult to slice up using the traditional legislative process.
The 800 B in new revenue comes from lower, flatter marginal rates and a broader base.
____________________________________________________________
How do you know this?
People just don’t understand! The current “baseline” congress uses includes the expiration of all the Bush tax cuts at the end of 2012.
They just keep pretending that Boehner hasn’t sold us out and that 800 billion in “new” tax revenue isn’t a tax increase.
This when none of them have seen anything in writing from Boehner on this.
It’s amazing how dumb even Freepers can be.
I fail to understand how people on this thread do not understand your post and mange to translate it into someone entirely different.
So far Boehner has been the only adult in the room working on these deals.
I keep hearing how he caved so far I fail to see just how. Anybody who thinks the debt ceiling was not going to get raised is living in lala land. We can't stop that until we control the Senate
Of course we are not going to get everything we want, after all politics is about compromise and since we don't control the Senate yet, Reid will have his say so.
I think it was quite a move by Boehner to box Obama out of the process since he keep playing the boy king role of last minute demands like a pouting petulant child
Said it before ...we've got to stop the flow of money.
There will be a debt ceiling increase. Period. All but nine of the House Tea Party members have already gone on record as voting for it. So you can stop beating that horse. The issue now is what cuts accompany that.
$800B in “new revenue” on the Obama-Boehner plan is generated by not extending the Bush tax cuts for individuals making more than $200k/year and families making more than $250k/year. That is a TAX INCREASE.
Why should the producers in this country be punished and the Obama-voting leeches/non-producers be rewarded?
Actually, what would be easier to do, more likely to get participation and perhaps be just as damaging to the democrats, is to have a “buying cessation”.
If 10’s of millions of folks simply quit buying ANYTHING all at the same time, there would be a significant impact. First 2 days, then a week, then another period. If nothing else, folks would have a nice pile of cash at the end of the exercise. LOL
Certainly there would be exceptions for life survival items such as medications, but this national fasting wouldn’t stop your income... not in the short term.
I’m retired and set up such that I wouldn’t need to leave my mountain for about 6 months, other than for meds. I am retired, but you are not going to get folks to walk away from their jobs... NOT in this environment. If I were your employer, I’d fire you and hire any one of the 20 million people that would love to have your job, at less pay.
I think you would get more people to agree to a “national fasting”. IMHO
God save our Republic.....
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