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White House, Republicans Strike Tenative Deal To Raise Debt Ceiling
ABCNews ^ | July 30, 2011 | Jonathon Karl

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 ...


TOPICS: Breaking News; News/Current Events; US: District of Columbia
KEYWORDS: debtdeal; debtdealcavein; debtdealshowdown; debtgraphics; deficit; deficitgraphics; democrats; republicans; taxes; whitehouse
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To: Lucius Cornelius Sulla
Since you have demonstrated that you think that the act of winning an election makes someone your opponent, your political advice is not very useful.

That doesn't make any sense. Try to focus.

Almost the entire Republican and Democrat parties in the Congress, in fulfillment of what has been the agenda of the leaders of both parties all along, are fixing to borrow and spend another $2.8 TRILLION dollars. Money that this generation cannot possibly repay. They are stripping our posterity of their God-given, unalienable right to government by consent.

And you're focused on the next election? What difference does the next election make when both parties being offered have the exact same agenda to enslave you and your grandchildren?

What good are "Tea Party Congressmen" who vote to borrow and spend trillions more dollars?

341 posted on 07/30/2011 11:09:55 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: Windflier

I’ll change my tagline if you’ll promise to disappear. Or you could just scroll past my posts. But that would require someone with just a little bit of will power. And that’s not you, is it?

See my new tagline


342 posted on 07/30/2011 11:10:00 PM PDT by Terry Mross (I enjoy getting on Windflier's nerves.)
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To: R0CK3T
I think what you outlined describes a tactical victory for Boehner/GOP.

Well in that case, 'Yay, GOP!" The country is still screwed, but hey, at least the Pubbies won one.

343 posted on 07/30/2011 11:12:58 PM PDT by dfwgator
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To: furquhart
The reality is that there’s a Democratic President and a Democratic Senate and nothing really, really good is going to happen while those are a reality.

I wasn't a big fan of the CCB bill. That said, it was kinda my compromise position in that it cut $6 trillion of the $9 trillion ten year outlays. Capped spending as a percentage of GDP and promised a BBA. Figured it was a good start.

The numbers being thrown around now are just illusions and passage gives the impression that the problem is "fixed" when in reality it is just pushed back for a year and a half while adding another $2.5 trillion to the mess. Pure politics on both sides and THAT just makes me sick.

344 posted on 07/30/2011 11:15:04 PM PDT by Mensius
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To: Lucius Cornelius Sulla
The reason to have a vote on the BBA even if it will not pass is to demonstrate the actual position of the Dems to voters who will then elect conservatives who will support and pass it.

Right. As I said all along. Nothing but political posturing for the next election. Worthless and meaningless.

So, politically, do you think a vote for a meaningless doomed fake balanced budget amendment is really going to help politicians who just voted to borrow and spend trillions more?

What percentage of real regular folks who consider themselves part of the Tea Party in any way supported any raise in the debt ceiling?

345 posted on 07/30/2011 11:15:39 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: Terry Mross

US (the Country) at war?

http://www.google.com/url?sa=t&source=web&cd=1&sqi=2&ved=0CCkQFjAA&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FDeclaration_of_war_by_the_United_States&rct=j&q=USA%20at%20War&ei=Du40TqWQMaXgsQKE0MSGCw&usg=AFQjCNGbkvUcEGaIYseU0MRZ3sHO769uwg&sig2=2jDrFwfuBDY1NEvvoetzTw&cad=rja


346 posted on 07/30/2011 11:20:23 PM PDT by tdscpa
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To: EternalVigilance

‘And you’re focused on the next election?’

In this country power is decided by elections. Perhaps you prefer assassinations or violent revolution? Since you are the chairman of a national political party which has never elected a member to public office it is not surprising that you are so dismissive of the peaceful transfer of power.


347 posted on 07/30/2011 11:20:48 PM PDT by Lucius Cornelius Sulla (Liberty and Union, Now and Forever, One and Inseparable -- Daniel Webster)
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To: EternalVigilance
What good are "Tea Party Congressmen" who vote to borrow and spend trillions more dollars?

Roger that!
Well said.

348 posted on 07/30/2011 11:21:50 PM PDT by Mensius
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To: Perdogg
•The formation of a special Congressional committee to recommend further deficit reduction of up to $1.6 trillion (whatever it takes to add up to the total of the debt ceiling increase). This deficit reduction could take the form of spending cuts, tax increases or both.
349 posted on 07/30/2011 11:22:55 PM PDT by MestaMachine (Guns don't kill people, the obama administration does. (Gunwalker Ping List))
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To: Beaten Valve
Let me get this straight, and I'll use household budgets, income and expenses. I earn $20,000 per year, but my expenses are $30,000 per year. I have maxed out me credit union, bank line of credit, credit cards and have leveraged the crap out of the equity in my house. Over the next ten years, I am therefore projecting a deficit of $100,000

I go to the bank and ask for them to loan me some money, because I am spending $10,000 per year more than I bring in. They say: "Are you kidding me, we'll never get paid back. You are in a permanent state of deficit spending."

So, I cut a deal with them. I tell them if they lend me two years worth of deficit spending ($20,000), I promise them that I will reduce my ten year projected deficit by the same $20,000. In other words, lend me $20,000 today, and I promise to only run up $80,000 more debt over the next ten years.

Our national media needs to be shot for not explaining the idiocy of this debate. Our politians, if they pass this, should also be eliminated.

350 posted on 07/30/2011 11:24:09 PM PDT by Go Gordon (One Big Ass Mistake America)
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To: Terry Mross
I’ll change my tagline if you’ll promise to disappear.

Don't like me calling you out on your incessant negativity and demoralizing posts, eh? I'll bet you'd like for me to just disappear, but you're out of luck, pal. I'm not going anywhere, and if you keep up the doom and gloom on every thread you post to, I'm going to make a bigger noise about it.

Or you could just scroll past my posts.

I did that, Terry. Dozens upon dozens of times, until I just couldn't read another one without objecting. You hit my last nerve, friend.

I, and most Freepers, are in this for blood. We want to get our country back on track, and we know we've got the fight of our lives ahead of us to get there. Incessant, demoralizing posts such as yours do nothing to harden the resolve of the troops. They do just the opposite. Which is precisely what the enemy wants.

Now do you understand my objection?

351 posted on 07/30/2011 11:26:02 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: prisoner6

The BBA may go down in flames, but everyone will know who voted for and against.


352 posted on 07/30/2011 11:27:07 PM PDT by Eleutheria5 (End the occupation. Annex today)
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To: Lucius Cornelius Sulla
In this country power is decided by elections.

When the only candidates being offered are either outright liberals or fake conservatives the outcome is already decided. Liberals win, either with the mask on, or the mask off. Pick your poison.

353 posted on 07/30/2011 11:27:34 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: Venturer

“If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.”

A lot will have to be explained/clarified. Who decides what the “automatic across-the-board cuts” will be? I think we all know that, ultimately, there really will have to be cuts in all areas to get back on the right track. And, as Allen West introduced in a bill that passed unanimously, there is a lot of waste to pursue in the DOD. (Medicare/Medicaid waste, fraud and abuse also make up many billions of $). But if cuts would be truly across the board, then that should mean throughout government.

Most critical is just who’ll make those decisions (the fatal flaw of McConnell’s plan was that it gave BHO blanket power to decide where to make cuts) - AND who will comprise the Committee.

I’d love to see a stipulation that only those who are up for re-election could serve on it. That’d guarantee some safeguards right there!


354 posted on 07/30/2011 11:28:00 PM PDT by llandres (Forget the "New America" - restore the original one!!)
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To: pgkdan

They ARE sneaking in the possibility of tax increases. If he House Pubs don’t kill this provision, it will come back to haunt them.


355 posted on 07/30/2011 11:29:49 PM PDT by MestaMachine (Guns don't kill people, the obama administration does. (Gunwalker Ping List))
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To: EternalVigilance
"What good are "Tea Party Congressmen" who vote to borrow and spend trillions more dollars?" and "What percentage of real regular folks who consider themselves part of the Tea Party in any way supported any raise in the debt ceiling?"

Amen to both comments. In lots of ways I'm madder than last week. Didn't think that was possible. . What a mess. . November 6, 2012 can't come soon enough.

356 posted on 07/30/2011 11:30:23 PM PDT by Art in Idaho (Conservatism is the only hope for Western Civilization.)
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To: Lucius Cornelius Sulla
Since you are the chairman of a national political party which has never elected a member to public office it is not surprising that you are so dismissive of the peaceful transfer of power.

Well, actually we have. But I don't expect you to know anything about that.

The assassinations thing I'll just chuckle at, because it's such a silly straw man.

357 posted on 07/30/2011 11:30:30 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: EternalVigilance
No. It doesn't make you a liberal. However, voting for one that you absolutely know won't pass could well mean you're nothing but a hypocrite trying to gain political cover.

Maybe it won't pass the first time or the second but we need to have the conversation out there. We can make it an issue in 2012 we can make the RATs wear it.

While we are at it we can do a cap bill too and that doesn't need a 2/3 majority. Just doing CCB in stages.

358 posted on 07/30/2011 11:31:15 PM PDT by Mike Darancette (Obama, eat your GOPeas.)
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To: Art in Idaho

I’m just watching these threads fascinated by how many GOP hacks have come out of the woodwork on FR tonight trying to put perfume on this stinking pile of manure. Many of them screen names I’ve never ever seen posting here before.


359 posted on 07/30/2011 11:32:54 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: Mike Darancette
another reason to repeal the XVII Amendment and the evil that continues by the direct election of US Senators

.

360 posted on 07/30/2011 11:33:18 PM PDT by Elle Bee
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