Posted on 07/30/2011 8:21:33 PM PDT by Beaten Valve
ABC News has learned that Republicans and the White House have struck a tenative deal to raise the debt ceiling before the Aug. 2 deadline.
It's not done yet, but here is the framework of the tentative deal they have worked out, according to a source familiar with the negotiations:
(Excerpt) Read more at blogs.abcnews.com ...
I agree. Let OB own this and reassure a switch 2012. No default as an excuse for HIS failures.
I disagree....what’s worse is a man like Obama that thinks he has substance and pushes the country in a direction that mirrors it.
Don’t get me wrong, I’d rather have Perry or any number of other folks, but I won’t be surprised if it’s Romney and if it is, I’ll gladly hold my nose and vote for him over Obambi.
Start spending within the Enumerated Powers. Stop spending money this generation can’t possibly pay back. Genius.
LOL -- ditto me too!
‘people have been tricked by the Dems making the current budget the new baseline.’
The law requires this.
if so the rats are just cutting their own nutz off if a actionable plan is leaked then they can it....
fact is there’s a lot of win here for the GOP if the plan is as spelled out...
would it be nice to strike a deal to cut $5trillion?? yes- but does anyone really think the rats and many of the GOP presently in office want to cut $5tillion???
would it be nice to increase the debt ceiling in two parts?? at face value yes- but considering ayatollah obama still has the bullypit for another year and a half and the criminal liberal media will be going balls out for him next year, more so than this year, the potential bad publicity may be too much to risk for the GOP candidate in 2012...
the BBA vote will help bring independents- the cuts with no tax increases will piss off the ayatollah’s base...
This guarantees obama’s re-election.
How so?
Apparently not. John Boehner said that this is the best deal we can get, and you KNOW that he’s a real fighter!
Whether they raise it to 30 trillion this will be front and center in election. He is a fool if he thinks its going away.
You didn’t read it right. If Congress doesn’t approve the cuts proposed by committee by December, cuts are made across the board, to everything. NOT just to military and Medicare, but to everything. The point is that the military and Medicare are not exempt.
And that should light a fire under Congress to get it done. Can you imagine having to go home for Christmas break and explain that to constituents?
From another article:
“$2.8 trillion in deficit reduction with $1 trillion locked in through discretionary spending caps over 10 years and the remainder determined by a so-called super committee.”
http://nationaljournal.com/budget/outlines-of-debt-compromise-emerge-20110730
Cuts OVER 10 years! Raise debt ceiling now, we’ll cut “tomorrow”, tomorrow that never comes.
As Limbaugh predicted, Republicans have been suckered, again.
yes...we can really rely on an immediate cut in spending when two-thirds of the gov’t is led by the rats and a large portion of the one chamber run by the GOP has never shown the ability to stop spending...LMAO...
Read all the other explanations. But, this is the one thing obama demanded. And he got it. Why do you think that is?
After watching The Democrats and Republicans pursue the exact same agenda every step of the way, the borrowing of an additional two trillion plus dollars, you’re trying to tell me that it matters which one of them is “in”?
Could I make a request of the Pragmatists. Stop calling spending increases 'spending cuts.' I guarantee you that the federal budget in 2012 will be larger than the federal budget in 2011. That means in plain English that spending will have increased. And conversely, that there will have been no 'cut' in federal spending.
When you label a reduction in the rate of federal spending as a spending cut, you fall into the trap of allowing the left to define the terms of the debate. In other words, by playing the left's game, you allow them to label us as mean, miserly Grinches while they still get to increase the size of the gov't.
Now don't get me wrong. I don't mind being called a Grinch. In fact, I would wear that badge proudly, but only, if for once, it was true.
Let this article sink in
If true then - well then I don’t know what happens. We sink
Scary
Large as “cuts” of $2.9 trillion might appear, in fact they’re minuscule compared to Washington’s embedded (“baseline”) plan to spend $45.8 trillion over the coming decade (2011-2021), as recently forecasted by the independent Congressional Budget Office (CBO). In the past decade (2001-2010) Washington spent $28.3 trillion, so “baseline” outlays in 2011-2012 would entail a decadal increase of 62%. That’s not the biggest spending boom in U.S. history, but neither would it be anything close to “austerity,” as many critics claim.
Even the most “radical” GOP plan, to “cut” $9 trillion, would boost federal outlays by 30% in the coming decade versus outlays in the past decade, while the most modest GOP plan, to cut a mere $2 trillion, would boost outlays by 55%. Yet Democrats lambaste GOP plans as “Draconian,” prone to trigger a “depression.”
http://blogs.forbes.com/richardsalsman/2011/07/29/washingtons-budget-cuts-would-boost-spending-50/
I’d love to know how this guarantees his re-election. The economy is an absolute hell hole and won’t change by 2012. It’s getting worse. If the President and Dems could put that on the GOP with this thing, it would kill the GOP.
Instead, this thing gets done (it’s not idea, it never is with politics) and Obama and the Dems own the economy completely. They have to run with that millstone.
Do you believe by passing this that suddenly the economy turns around and rosy days are ahead? Please.
“A nay vote will be an albatross around the neck of RAT candidates up for re-election next year. This is good.”
I agree - with elections even closer by then (we’ll suddenly see lots of newborn “conservatives” in both parties) as well as the tea party freshmen, I think the BBA debate will be avidly watched and quite animated. Look what a big deal the debt ceiling thing has become this time, and a constitutional amendment prospect will be even bigger. Politicians know the polls pretty much all say that the majority of Americans badly WANT a balanced budget for DC.
I also like the part where it says that if the necessary amount of cuts aren’t recommended and approved by Congress by the deadline, then there will be cuts across the board. That should get people’s attention.
So while it looks as if the debt ceiling issue won’t come up again before the election, the ensuing discussions on the above could prove to be even more beneficial for our cause - and the country.
What’s certain is that a BBA debate, and having to take a stand on it, is the one thing neither BHO nor Reid EVER wanted, particularly in an election year :-)
Any comments?
Maybe, if tax revenues don’t collapse and/or social program claims don’t spike.
As I thought, this was the Boner/McConnell plan for bread with some Reid special sauce to make us all a nice crap sandwich to choke down.
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