LOL, what’s the funniest thing about this is it looks like the old lady from Nevada wasn’t invited or he was lying about it since he kept saying there was nothing close to a deal.
•Debt ceiling increase of up to $2.8 trillion
•Spending cuts of roughly $1 trillion
•Vote on the Balanced Budget Amendment
•Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)
•Committee must make recommendations before Thanksgiving recess
•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 senior White House aide pushed back against the idea that this was a done deal.
“Talks continue, but there is no deal to report,” the aide said.
At least there's a vote on a BBA but of course that will go down in flames.
And
Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)
Meh.
Also what is this 2.EIGHT trillion? That's more than...oh never mind.
Looks like enough money to push the issue past the 2012 election.
I'll save myself a click and just assume the position.
BOHICA
Something tells me I’m not gonna get kissed, it’s coated in sand, and dry as can be.
Boner/republicans=epic fail
How far is this debt ceiling going to take us? We don't own the Senate or the White House, and until we do, we'll be making deals with the devil.
Let's have this very same conversation again one year from today, and let The Dali Obama explain why he can't curb spending (or, even, get his party to put together a budget) right before we run over him and his comrades like a Tsunami of patriotism at the polling booths.
Still has to get through the House, which we control, not Boner
I’m taking this with a grain of salt until I hear confirmation from more reputable sources. How many times throughout the past several weeks have we been hearing that the GOP-Senate/Obama have agreed on a deal only for it to be false.
Until we go in an empty out DC we can only expect the same. Neither party is going to cut spending in any meaningful way. They are too invested in thier own lies they actually believe them now. And, they are so corrupt the ruin every new man and woman that is sent there. See Allen West.
2.8 TRILLION?!?!?
WTH?!?!?!
aren’t we lucky?
Obama gets what he wants politically, which is the only important thing to him: taking the debt and spending off the table during the election.
$2.8 trillion gets him past the election
Everything is wrapped up by December, before the election gets underway.
December offers another opportunity to split off the Tea Party house members from the other Republicans, letting the MSM go to work painting them as extremists. RINOs will vote for any $1.8 trillion in cuts offered by Obama in the “out years” to avoid the Medicare cuts and pushing grandma off a cliff.
What we need is a debt ceiling increase that takes us to Sept-Oct of 2012, and let the issue come up again and let the public decide between Tax Borrow & Spend and Cut Cap & Balance.
It says a vote on BBA. I thought CCB and Boehner 3.0 required a BBA amendment to the states which means it would have to pass both houses of congress in order to get more spending. So what happens if there is a vote and the Senate rejects it? Do the RATs still get their spending increases?
And I believe anything ABC publishes why?
If there is a vote Early Sunday Morning then this story is not true.
Who even knows if this is true...all kind of bs keeps coming out and it turns out to be bs...especially from ABC...besides, the house will not pass it...
I get the feeling that this is ABC BS
These overviews surely do seem to avoid saying what the cuts are for the first year, which are really the only ones that have a chance to happen.