This is only to give the media an anti-compromise story against the repubs when they tell Harry to take a flying flip.
Posted on 07/24/2011 2:37:05 PM PDT by 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.
(Excerpt) Read more at zerohedge.com ...
Perhaps it means fiscal cuts from their own districts - Which of course is fine by me.
The freshmen should have told Boehner that they did pass a bill, and that it’s up to the Senate to do something about it.
The republicans must keep the never-passed budget a driving force for 2012.
There is no way that any deal that would get through the Senate could pass the House...
“The aide, speaking on condition of anonymity because the plan has not been publicly released, said the package would include up to $1.2 trillion in cuts to government agencies, including the Pentagon. It would not include tax increases, the aide said, but could include cuts to entitlement programs. It is also likely to rely heavily on savings from ending the wars in Iraq and Afghanistan,...”
I won’t believe this any more than the 129 “Boehner’s Gonna Cave” threads I’ve seen this week.
If it’s true though, then perhaps the Dems finally cracked.
And help obamma's reelection campaign, since this major issue would be off the table as a campaign issue. The Pubs need to refuse to help him.
I think Obama is going to raise the DC by Executive order even though it's not constitutional.
He's probably getting assurances from the Dems - especially Reid - that he won't let impeachment proceedings happen in the Senate.
And they are cuts in planned increases in spending, not actual spending.
Pay no attention to the man behind the curtain.
They didn’t crack.
It will be redefined cuts that aren’t real, just like the CR’s 100B.
Yep, fake cuts, Washington style.
That’s a pretty big capitulation from Pelosi.
It’s a lose-lose for the RATS. If they enact a real plan with real cuts, they infuriate their base.
If they enact a sham deal, we face a default and downgrade, further depressing the economy well into 2012.
Couldn’t happen to a more deserving bunch of RATS.
up by 1-3%.
big day for them actually
This is only to give the media an anti-compromise story against the repubs when they tell Harry to take a flying flip.
And Zero Hedge also said, "If true, it is probably a ten year plan with deficit cuts on the back end. IOW, no deficit cuts."
Pretty clever...
Long term, yes, short term, it would just be another increase in the unemployment rate and would probably hurt more than help.
“the $1.5 trillion in cuts identified by a bipartisan group led by Vice President Joseph Biden, added to $1 trillion from ending the wars in Afghanistan and Iraq”
Likely what’s in mind.
Cuts first...no taxes later
If they cut spending why do they need a ceiling increase?
$2.5 Trillion over how many decades, Hairy?
Raising the debt ceiling by executive order can happen, maybe, but it’s pointless.
The FY 2011 CR expires 1 Oct. If he were to do such a thing, the House will never EVER approve FY 2012 expenditures that don’t take 500B off immediately. He would be cutting his fiscal throat, which in an election year will matter a great deal more than impeachment. He cannot . . . he simply cannot have fiscal contraction that takes 9.2% to 29% and have any chance of winning.
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