Posted on 08/01/2011 9:47:02 AM PDT by 92nina
Announced two days before the country is expected to fully exhaust its $14.3 trillion in borrowing authority, a deal to end the debt ceiling negotiations has been announced. After Congresional Republicans held firm in their commitment to taxpayers to reject any and all tax increases, the deal forces lawmakers to get serious about government spending that drives the country’s mounting debt. While final legislative language is yet to be fully agreed upon by the full caucuses in both chambers, a strong sketch is emerging on what the deal looks like.
Read more: http://www.atr.org/final-debt-limit-deal-looks-good-a6381#ixzz1TnKm6Ea9
(Excerpt) Read more at atr.org ...
Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Stumbleupon and Delicious
The deal only reduces the increase of spending by $24 billion next year.
It also assumes Bush tax cuts expire, meaning a $3.6 Trillion tax increase.
Also, the special commission will raise taxes or cut defense by another Trillion next year.
This deal is a catastrophe and futher cements the death of the American middle class.
Anyone Republican voting yes is a lying traitor.
Bush tax cuts are set to expire. That will lead to a cost for ALL tax payers.
When the tax cuts expire they are done. So there is a tax increase just not directly.
Immediate borrowing ability based on possible future spending cuts is never a good deal for taxpayers. Past history has already proven that. It’s like consoling a rape victim by telling her at least she isn’t pregnant.
More debt is good for taxpayers? Right........
“Final Debt Limit Deal Looks Good for Taxpayers”
...only if the taxpayer is quite ignorant!
Agreed about how letting the current tax rates skyrocket is horrific. Conservatives in Congress need to make the current tax rates permanent, if not reduce the tax rates further. (And kill the Death Tax permanently also.)
the cbo said there is no overall cut, just 1 for 1.
also the democrats are BETTING IN NOT EXTENDING BUSH ERA CUTS
this is a race to keep people form finding out more.
boehner lite is still a bad plan.
they gave obama a free pass for 2012.
Let the Orwellian Propoganda begin
From the Patriot Post:
“The debt-ceiling “deal” agreed to by Senate Majority Leader Harry Reid (D-NV), House Speaker John Boehner (R-OH), and President Barack Obama over the weekend is Washington politics at its finest:
Cut $2 trillion from federal spending over a decade in return for adding $2.4 trillion to the current $14.3 trillion debt this year. That’s enough that the debt ceiling debate won’t have to occur again until after the 2012 elections, throwing Obama a life preserver.”
By the way....this will also seal in the stimulus SPENDING and the SPENDING for Obamacare.
‘Charade’ by the Ol’ GoP poohbahs
available in fine perfume stores near you.
Right next to ‘ Smoke’n’Mirrors ‘ .. an old-time leftist favorite
The budget battle this September, is the opportunity to make the current tax rates permanent, if not even lower. The GOP in Congress won’t have S&P and Moody’s threatening a downgrade hopefully, thus not giving them an excuse make a deal for less.
Have you noticed the nonstory lines on FR. The nation is being sold out and narry a peep on FR.
we should be calling up the switchboards.
“Deconstructing the Revenue Side of the Debt-Ceiling Deal: Yes, There’s a Real Threat of Higher Taxes”
this also LOCK OBABACARE permanently protected.
Boehner just another DC dumb move.
Correct!
It’s simply ignorant and we should be ringing the phones off the wall in DC...
Its good. Better yet... its Great! Increased taxes for all , especially when unemployment is rising... so there is even greater burden on those able to pay taxes, resulting in what Obama wants .... lower disposable income. Retail sales will fall and the business cycle will slow even more.....increasing even more the tax burden on the few remaining workers.
Sock it to us, sock it to us, Obama!
Spending is by very definition a tax. The government spends taxed monies and therefor everytime the government spends, we are taxed. If the government spends more we will be taxed more. If the government borrows more we have greater debt service payments which also must be paid by taxes.
And don’t forget the huge taxes mandated by Obamacare starting in 2013.
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