Posted on 07/31/2011 4:26:26 PM PDT by Ernest_at_the_Beach
The White House and Republican leaders closed in Sunday on a debt ceiling deal giving President Barack Obama greater certainty in managing the Treasurys borrowing needs while making a joint commitment to major deficit reductions without any explicit concessions by the GOP on new tax revenues.
Late in the afternoon, a statement from Senate Majority Leader Harry Reid (D-Nev.) said: Senator Reid has signed off on the debt-ceiling agreement pending caucus approval.
(Excerpt) Read more at politico.com ...
I won’t comment on the deal, because we have to pass it to see what is in it.
I will comment on harry Reid,
If Obama unloads it Harry Reid will swallow it, hook, line , and sinker.
We won't know which is correct, if either, until all of the details of this deal are known. For now, look for the catch.
Obummer keeps talking about a “balanced approach”. The Dems and Liberals keep saying “you are not going to ask the top %1% to pay more”. Hello! What about the 47% who pay nothing??? Are they going to asked to pay anything?? Don’t think so because they are the Libs votes. When are the Conservatives going to get some guts and tell it like it is??? Maybe it is going to take a “term limit” to fix this, but then what idiot in Congress would vote to cut his ‘sweet tit”??? Why has no one ever even mentioned the, not only pay of the Congress, but their pension and they don’t pay into SS, but have their own plan. How much money could all of that save us??
Through the years, dozens of cuts have been announced, but not to happen immediately. Oh no! They are always to happen over at least a decade. Therefore, they never happen. The congress of any particular year cannot dictate to a FUTURE congress how THEY should spend money.
The proof that the cuts never happen? After at least a dozen budgets wherein multiplied billions were supposed to be cut....mostly over ten years....HAS THE BUDGET OR THE DEFICIT GOTTEN ANY SMALLER?! Is the Pope a Mormon?!
It reminds me of how my wife used to come home from work and say, “That darn Maybelle Clappsaddle; lost another 3 lbs. last week! I wish I knew how she does it!” The following week, Maybelle would have another supposed loss. And this went on for YEARS.
Finally one day I could take it no longer. I told my wife to stop believing that crap Maybelle was spreading. I said, “Do you realize that if every one of Maybelle’s claimed weight losses had been true, she would have DISAPPEARED a year ago!”
Same situation with all the promised savings of at least 40 years. If they had actually taken place, we would NOT be in hock $17 Trillion.....and with this latest cave-in of the GOP giving Obluffer another $3 Trillion, we are as good as in excess of $20 Trillion in hock....mostly to the ChiComs! And that isn’t all. The total UNFUNDED LIABILITIES tab our Congress and Senate have committed us to is somewhere in the neighborhood of $70 Trillion! Sleep tight.
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