Reid to offer $2.5 trillion debt deal with NO TAXES?

Zero Hedge ^ | 7/24/2011 | CNN Twitter

[SDShack]

Just out from CNN's Lisa Desjardins

BREAKING - NEW Dem. debt plan: Reid to offer at "least $2.5 Trillion" in deficit redux w/ no revenue increases, Dem. source tells CNN. NEW REID PLAN: "At least $2.5 T in deficit redux" w/ no revenue increases. BUT, unclear what baseline he's using and what he'd cut. REID PLAN: Dem aide tells our @tedbarrettcnn they think it meets GOP call for dollar-for-dollar spending cuts with debt increase.

[SDShack]

Haven't seen any confirmation of this yet. But if true, then maybe the Dems blinked.

[cranked]

With no taxes?

ReidIdiot’s plan is different from the numerous Republican proposals that were voted down or ignored, etc. how exactly? =.=

[Politically Correct]

all the cuts are in 2039

[TheConservativeParty]

Here’s all I have to say about Dingy Harry:

Rule One, dems lie.
Rule Two, dems like abortion.
Rule Three, don’t forget rules one and 2.

[spokeshave]

,,,post the “it’s a trap” pic.....(from Starwars)

[TheLawyerFormerlyKnownAsAl]

I was going to say $2.5-trillion over 250 years.

[Candor7]

Convene the Senate Harry and screw your deal. ( Harry Knows that Cut Cap and Balance, now having been tabled, can be called up for a debate and vote in the senate on Monday.) Pass Cut Cap and Balance, and stop trying to prevent what the nation wants.

[sunmars]

The leftie DUmmies will explode off into orbit in fury.

[Owen]

They’ll be backloaded, yes, but worse than that, remember what a “cut” is.

They can just presume govt growth would occur at X% GDP, Y% Inflation and Z% population growth and use huge numbers for X, Y and Z. Then declare cuts from those absurdly high numbers and presto, they get a spending increase.

This is why spending has to cut from FY2012.

[RummyChick]

anyone know what is going on in the Asian Markets right now?

[pyx]

$2.5 Trillion over one decade (10 years) and NO Balanced Budget Amendment. And this so called "deal" can be changed next week after its signed by Obama.

If John Boehner agrees to any "deal" with the democRATs, John Boehner will be PRIMARIED out of his job next election. Guaranteed.

[RummyChick]

If it includes the unconstitutional Super Congress - FORGET IT

[cdnerds]

[Reagan is King]

Probably phony cuts from accounting tricks that kick in 10 years from now that will never really happen. Don’t be suckered again!

[eyedigress]

Nah! Default you socialist vermin.

[EBH]

No, it is a dollar for dollar deal...

shuffling the credit cards again.

Dollar for dollar is ZERO, they are agreeing to nothing and ultimately doing the deal demonstrates this is a completely orchestrated crisis.

[RummyChick]

On conference call with House GOP members Boehner says they have to stick together as a ‘team’ to not be minimized by Dems - NBC News

No Boehner, you have to stick to conservative values - not your RINO BS

[ballplayer]

A real Cut or just a Reduction in the BLOATED rate of increase? Figures dont lie,but LIARS sure can figure

[popdonnelly]

This plan will last until 6:00 PM, when Obama meets with Pelosi and Reid.

[RummyChick]

Dem aide: topics for WH meeting this evening: 1) How Boehner plans to move 2) Reid’s $2.5T plan - NBC News