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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: llandres

You are so right.

Yhe commercials that conservatives ( not sure if its the Rep party)are running now are great..the spending “addict” one is super! It gets it across better than Mcconnel droning on.ha.


421 posted on 07/31/2011 5:22:27 AM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
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To: God luvs America

I agree.

But watch out...or you will be called a troll.


422 posted on 07/31/2011 5:24:30 AM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
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To: MestaMachine

But the Congress would have to vote on any tax increases.


423 posted on 07/31/2011 5:25:29 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: submarinerswife

Debt ceiling increase=$2.8 trillion

Spending cuts=$1.8 trillion (only if “approved” any bets on
this happening?)

And this is a GOOD deal????

America, get ready to be made even poorer by the morons
in charge. I hope we get revenge next year!


424 posted on 07/31/2011 5:54:12 AM PDT by luvie (RUN, SARAH....R U N!!)
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To: one Lord one faith one baptism

We dont have the Senate or the White House...what do you want Boehner to do? Put Reid and Obama in a headlock and give them noogies until they give in?


425 posted on 07/31/2011 5:55:17 AM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: LUV W

“I hope we get revenge next year!”

Revenge starts by getting rid of the Bonyhead from Ohio.


426 posted on 07/31/2011 5:58:01 AM PDT by GGpaX4DumpedTea (I am a tea party descendant - steeped in the Constitutional legacy handed down by the Founders)
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To: LUV W
Baseline Budgeting Makes Real Cuts Impossible in Washington

This deal is a farce.

427 posted on 07/31/2011 6:10:58 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Wiz

You are kidding right?

The Energy Department is one of the most useless Departments we have.


428 posted on 07/31/2011 6:19:35 AM PDT by Venturer
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Comment #429 Removed by Moderator

To: GGpaX4DumpedTea
Revenge starts by getting rid of the Bonyhead from Ohio.

I call that a GOOD start!...unless he mans up and opposes the idiocy being presented as a done deal!

430 posted on 07/31/2011 6:24:39 AM PDT by luvie (RUN, SARAH....R U N!!)
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To: mewzilla

Indeed...and unfortunately, it’s not gonna get better at this time, I fear. We are screwed by the nutjob in the WH.


431 posted on 07/31/2011 6:26:45 AM PDT by luvie (RUN, SARAH....R U N!!)
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To: Kennard

Did I read the article wrong when it said the commission will recommend cuts and REVENUE, i.e. Taxes?


432 posted on 07/31/2011 6:31:46 AM PDT by Solson (The Voters stole the election! And the establishment wants it back.)
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To: freeangel
This plan includes tax increases.

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.

433 posted on 07/31/2011 6:32:51 AM PDT by Solson (The Voters stole the election! And the establishment wants it back.)
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To: AmericanPatriot2012

Well, it would make good TV.


434 posted on 07/31/2011 6:54:08 AM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: Art in Idaho

LMAO!!


435 posted on 07/31/2011 6:55:04 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: sickoflibs

Is this a JOKE??


436 posted on 07/31/2011 7:02:11 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Beaten Valve

Due to the low amount of spending cuts, the only good thing to come out of this will be the BBA vote but even that is meaningless because the Senate will never pass it.

Basically Obama got his way, we got the shaft without even the courtesy of a reach around.


437 posted on 07/31/2011 7:10:53 AM PDT by Grunthor (Faster than the speed of smell.)
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To: stephenjohnbanker
RE :"Is this a JOKE??"

Prepare for lots of patting on backs and Obama taking credit for it all, after him demanding Tax increases and a clean debt ceiling raise and not getting either of them.

438 posted on 07/31/2011 7:36:01 AM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: sickoflibs; All

It is ostensible that I underestimated the cowardice, and complicity of the Republicans.


439 posted on 07/31/2011 7:39:15 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: newzjunkey

If instead of another debate over the debt limit we have one over BBA before the next election, I’ll take that trade. Let the dims vote down BBA and suffer the consequences.

And IF -big IF - this deal has real triggers that impose across the board cuts for the second $1.8 trillion cuts, then this isn’t bad.

My sense is that it is now the dims squealing the loudest and may kill the deal.


440 posted on 07/31/2011 7:40:17 AM PDT by San Jacinto
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