[Girlene]

Link to the proposed "tentative deal. Congressional Sources: Republicans and Democrats Reach Tentative Debt Deal

here's the part about the JSCommittee:

............"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. ".................

The committee must make these recommendations before Thanksgiving and it must be approved by Dec. 23. Otherwise, automatic cuts to Defense and Medicare will occur. Medicare cuts are limited and will be taken from providers, not beneficiaries. Defense cuts will be harsher. The fear is that Repubs will be forced to accept tax increases or have the Pentagon gutted.

This is nuts.

[Rational Thought]

Would a majority in the House approve of legislation including potential tax increases? I hope not.

[rodguy911]

Your link refers to a debt ceiling rise of 2.1 to 2.4 trillion but does not say when any of that kicks in! If it kicks in immediately we will have been rolled again and all the wrangling/hand wringing we have done for so many weeks has been for nothing. We need more specificity.

[rodguy911]

The committee will come up with something and the administration will ignore it again and by than it will be time for an election. They will have dodged yet another bullet, put nothing in writing from the dear leader and led from behind one more time and gotten away with it.

[Alas Babylon!]

I hate to say this but it is true. The military has enjoyed a great ten years or so of good funding for troop pay and operations. We are hurting for project money for issues that may soon bite us hard, but it’s not been that bad. In war time, we get budget items filled that we need.

Having lived through the Cold War drawdown and so-called Peace Dividend, I know what I’m talking about.

So for a short period, a few years maximum, I believe the military can take a financial hit and not be too hurt. We’ll have to give up a few programs that will hurt us if they’re not funded in a few years (like for any war with China—which might happen in our future) but this year and next we could probably lop off 10-15% without real damage.

The next question for us all then is what will be the next Pearl Harbor/9-11?

We cannot allow THAT to happen. The costs shouldn’t matter. But I think most of our troops want our country to survive, so the budget may need our help most, short term.

[FreeReign]

............"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. "................. The committee must make these recommendations before Thanksgiving and it must be approved by Dec. 23. Otherwise, automatic cuts to Defense and Medicare will occur. Medicare cuts are limited and will be taken from providers, not beneficiaries. Defense cuts will be harsher. The fear is that Repubs will be forced to accept tax increases or have the Pentagon gutted. This is nuts.

I agree.

[chooseascreennamepat]

“This is nuts.”

A year from now, we will see The 0s negatives in the low-mid 60s and there will be light at the end of the toilet paper tube.

Happy happy joy joy. Then we can get a Special Counsel to investigate 0 for theft, fraud and other crimes. Mebbe even buggery and crimes against nature.