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Boehner Tells GOP He Will Unveil New Debt Strategy [Short-Term Debt Extension]
Washington Post ^ | July 22, 2011

Posted on 07/23/2011 2:03:38 PM PDT by Steelfish

Boehner Tells GOP He Will Unveil New Debt Strategy

By Lori Montgomery, Paul Kane and Renae Merle

July 23 House Speaker John A. Boehner told his troops Saturday that he hopes to roll out a two-step strategy within the next 24 hours for raising the federal debt ceiling to avoid roiling Asian financial markets when they open Sunday, according to several participants in the conference call.

In the call with his House GOP colleagues, Boehner (Ohio) said he still hopes to slice as much as $4 trillion out of the federal budget over the next decade, despite the collapse of talks with President Obama on Friday over a bipartisan “grand bargain” to restrain the nation’s debt.

Top Republican aides said Boehner envisions a short-term extension of the debt limit that would include spending cuts that meet or exceed the debt limit increase. That would be paired with a strategy for finding additional savings. Options include a new super committee of the sort proposed by Senate Majority Leader Harry M. Reid (D-Nev.). Another option would be to tell existing legislative committees to make policy changes over the next few months aimed at meeting the savings targets.

In the call, Boehner stressed that the path forward would be a new plan, not a proposal offered earlier this month by Senate Minority Leader Mitch McConnell (R-Ky.) to authorize Obama to raise the debt limit on his own, without explicit congressional approval.

Freshman Rep. Blake Farenthold (R-Tex.) confirmed that Boehner was open to a short-term deal that would allow more time to solve the problem, but added that Republican leaders remain worried that even a temporary lift of the government’s borrowing authority would fail on the House floor.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Society
KEYWORDS: boehner; boehnercaves; debtceiling; debtlimit; rinos; supercommittee
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1 posted on 07/23/2011 2:03:43 PM PDT by Steelfish
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To: Steelfish
If this guy was negotiating for me,I would jump off a bridge.
2 posted on 07/23/2011 2:08:11 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Steelfish
Republican leaders remain worried that even a temporary lift of the government’s borrowing authority would fail on the House floor.

They SHOULD worry. Those newbies in the House hold all the cards in this particular hand; they shouldn't give them up for love nor money. The financial markets have needed correction for a long time. They've been propped up by funny-munny from the governments. The prospect of such a correction is 1) a normal thing, and 2) obama's problem, if anyone's.

The House must get their big budget cuts and NO tax increase. The tax code needs to be dealt with separately.

3 posted on 07/23/2011 2:10:24 PM PDT by Migraine (Diversity is great... ...until it happens to YOU.)
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To: Steelfish

The House holds the purse strings. All they have to do is target the spending cuts and balance the budget.


4 posted on 07/23/2011 2:11:27 PM PDT by crz
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To: Cheetahcat
Where is Boehner from again? Judgeing from his actions I'd say he was from a

FIGGIN' CAVE!!!!!

Because that is all he does!!!

5 posted on 07/23/2011 2:11:40 PM PDT by KC_Lion (If Sarah can't be elected in 2012, then Phase II will fall into place, may G-D have mercy on us all)
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To: Steelfish
"super committee"

We need another damned committee like we need another porkulus bill!

6 posted on 07/23/2011 2:12:52 PM PDT by newzjunkey
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And the jackass stands on the sideline in amusement.


7 posted on 07/23/2011 2:13:35 PM PDT by Gene Eric (*** Jesus ***)
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To: Steelfish

Dam@it Bonehead, no. No damn compromise and screw the Asian markets.


8 posted on 07/23/2011 2:14:21 PM PDT by Logical me
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To: Steelfish

I’m thinking Soros is holding his children in a cabin at an undisclosed remote location until this thing goes his way.

I’m really only partly joking. Something is up here.


9 posted on 07/23/2011 2:14:43 PM PDT by RobRoy (The US today: Revelation 18:4)
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To: Steelfish

Okay, I’m raising the Boehner Cave Alert Level to HIGH.


10 posted on 07/23/2011 2:18:03 PM PDT by FreeReign
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To: Migraine

Budget Cuts that go out as far as 10 years. Get real. We have been down that road too many times. Reagan, Bush1, Bush2, CR Deal.

No congress is bound by “future cuts”.

We have tried it your way... for decades and it hasn’t worked.

I would take a short-term deal, with REAL Spending cuts.


11 posted on 07/23/2011 2:19:18 PM PDT by tennmountainman
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To: Steelfish

That’s the proverbial example of taking a bucket of water out of the deep end of the pool and dumping it in the shallow end.

Borrowing more money in effort to cut excessive spending is a zero-sum game.

Cut, cut, cut.

Then cut all over again. And again after that.


12 posted on 07/23/2011 2:19:43 PM PDT by quantim (Victory is not relative, it is absolute.)
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To: Steelfish
In the call, Boehner stressed that the path forward would be a new plan, not a proposal offered earlier this month by Senate Minority Leader Mitch McConnell (R-Ky.) to authorize Obama to raise the debt limit on his own, without explicit congressional approval.

Thank God. Putting Obama in charge of the debt limit is like giving a monkey a loaded gun.

It is LONG past time to have cut up these idiots' credit cards, especially since they are in our name. Enough, already.

13 posted on 07/23/2011 2:19:43 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: Cheetahcat

>> If this guy was negotiating for me,I would jump off a bridge.

If this guy were negotiating for *me*, and he came back with a deal this lame... I’d push *him* off the bridge.

What is it with these guys and their “committees to find spending cuts”? We don’t need no stinking committee. All we need are legislators with principles and spines.


14 posted on 07/23/2011 2:21:01 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Steelfish

Boehner’s ONLY response until after 8/2/11 should be: “The House has done it’s duty to increase the debt limit by passing CC&B. It’s the President’s and the Senate’s job to step up to the plate.”

Boehner shouldn’t be negotiating or renegotiating ANYTHING. The House has already spoken.


15 posted on 07/23/2011 2:21:54 PM PDT by ziravan (Are you better off now than you were 7 Trillion Dollars ago?)
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To: KC_Lion

“Where is Boehner from again? Judgeing from his actions I’d say he was from a

FIGGIN’ CAVE!!!!!

Because that is all he does!!!”

We need to chip in and get that weepy guy, some of Herb Cohen’s Books. I am having a hard time watching all this, Fail!


16 posted on 07/23/2011 2:21:54 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Steelfish

If he and McCollum are the best we got, we are in deep doodoo


17 posted on 07/23/2011 2:22:53 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Steelfish
he still hopes to slice as much as $4 trillion out of the federal budget over the next decade

Still pushing the "over the next decade" scam

18 posted on 07/23/2011 2:24:06 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Nervous Tick

“>> If this guy was negotiating for me,I would jump off a bridge.

If this guy were negotiating for *me*, and he came back with a deal this lame... I’d push *him* off the bridge.

What is it with these guys and their “committees to find spending cuts”? We don’t need no stinking committee. All we need are legislators with principles and spines.”

LMAO Very True.


19 posted on 07/23/2011 2:24:29 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Steelfish
raising the federal debt ceiling to avoid roiling Asian financial markets when they open Sunday

Boner surrenders. The fix is in. The talking points have already been issued.
20 posted on 07/23/2011 2:25:10 PM PDT by jimbo123
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To: Steelfish

Be careful to draw any conclusions just yet. Look at the source of this story.


21 posted on 07/23/2011 2:25:44 PM PDT by Rational Thought
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To: Steelfish

And will he (and the media) ever ask Obama and Reid for their plans?


22 posted on 07/23/2011 2:27:02 PM PDT by oldbill
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To: GeronL
Still pushing the "over the next decade" scam

I agree. What's wrong with NOW?

23 posted on 07/23/2011 2:27:02 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: Cheetahcat

24 posted on 07/23/2011 2:28:32 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Steelfish

Meet or exceed the debt limit increase.

Sounds like boner is scared. I guess Timmy called him and told him just how bad it’s going to be and he’s caving. I hope I’m wrong. ‘Cause from what I’ve been seeing the credit rating is going to get downgraded anyway.


25 posted on 07/23/2011 2:30:23 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: GeronL

LMAO Good one,thanks I needed the laugh!


26 posted on 07/23/2011 2:30:40 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: oldbill
Via Twitter:

@DanRiehl DanRiehl MT @markknoller: Reid just issued statement that lk Pres Obama, he will not support any short term increase in the debt limit.

27 posted on 07/23/2011 2:30:56 PM PDT by Rational Thought
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To: Steelfish

I’d be OK with a Debt Limit raise - if and only if the monies would be expended on Social Security (Including Medicare/Medicaid) and military pay and no other purpose.


28 posted on 07/23/2011 2:31:52 PM PDT by Keith in Iowa (Hope & Change - I'm out of hope, and change is all I have left every week | FR Class of 1998 |)
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To: tennmountainman
Wimpy always got his hamburger today by promising to pay on Tuesday. Trusting rats to pay in 10 years is insanity. Boner, don't go there. Cash (cuts) on the barrel head today or NO deal.
29 posted on 07/23/2011 2:34:22 PM PDT by JPG (Palin '12)
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To: Steelfish
Via Twitter:

@toddstarnes toddstarnes BREAKING: Congressional leaders - GOP & DEM to meet in Boehner's office at 5:30p.m. tonight.

Well, something is up.

30 posted on 07/23/2011 2:35:59 PM PDT by Rational Thought
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To: Migraine

A package of spending cuts w commensurate cuts in spending is the place to start, but some revenues will be tacked on by the Senate I via tax reform or other trigger - once spending cuts have been implemented for FY 12.

Boehner has now usurped the President of the US as the adult in the room; he has to prove the GOP can govern.

Bottom line: BO doesn’t get it, but Senate Dems are waking up that their spending spigot is over, and that their Keynesian nonsense is headed to the ash heap of history.

BO screwed up badly, put himself into a lose-lose. If he obtains a credible deal, he loses his base. If he secures a phony deal, our credit is downgraded and he owns the economic contraction.

Thank God that Standard and Poors came thru this week for the GOP, or God knows where we’d be. People need to remember that SOB Bernanke gave BO and the RATS a green light for more spending in FY 12, which badly hurt the GOP.


31 posted on 07/23/2011 2:36:00 PM PDT by mwl8787
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To: Cheetahcat
If this guy was negotiating for me,I would jump off a bridge.

Hate to break it to you, but that would be one of the options he put forward in negotiations.

32 posted on 07/23/2011 2:36:39 PM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: Steelfish

“That would be paired with a strategy for finding additional savings.”

Here’s a set of books Congress could buy to find additional savings:

Matthew Lesko ‘s Free Government Money And Government Grants Library

http://www.booksbylesko.com/


33 posted on 07/23/2011 2:39:06 PM PDT by radioone (How Can an Obscure Guy Who Did Diddly Squat in the Senate Become President?)
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To: ziravan

AMEN!

From the way obama was acting yesterday it’s apparent he’s scared half to death.

The tea party congress folks should say “We are voting the way our constitutients sent us here to vote. What’s so hard to understand about that?”


34 posted on 07/23/2011 2:39:52 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: truthkeeper

We WILL get immediate FY 12 spending cuts.

All this bashing of Boehner is premature. He knows that a sham deal won’t pass the House. Second, he stood up to BO in the face of immense hostility and has held his ground today, as well.

If he can pull this off, Boehner is proving that BO is juvenile, rash, inept, and a total fraud.

Reid will have to swallow a short term deal, notwithstanding his “tweet” to the contrary. If he won’t, then the RATS will own the shutdown.

I am VERY encouraged.


35 posted on 07/23/2011 2:42:38 PM PDT by mwl8787
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To: Steelfish

Boner needs to take the original CC&B bill and modify it. Double the cuts, Cut the cap by 5%, and then pass it. Send it to the Senate and Howdy Dowdy with a “Take it or Leave it message and then send the house home until they pass it. ....red


36 posted on 07/23/2011 2:43:05 PM PDT by rednek ("Light travels faster than sound. This is why some people appear bright until you hear them speak.")
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To: theDentist
“If this guy was negotiating for me,I would jump off a bridge.

Hate to break it to you, but that would be one of the options he put forward in negotiations.”

I believe that!

We need a soviet style negotiator and got Pee wee Herman! Boner has no grasp of the seriousness of our predicament,Apparently ,Nice went out the window when that Kenyan pinko was elected and started on the destructive rampage!

37 posted on 07/23/2011 2:44:56 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: KC_Lion
FIGGIN' CAVE!!!!!

Boehner has always maintained that he would work to raise the debt ceiling as long as he got cuts equal to the increase with no tax rate hikes.

So, where's the, um, FIGGIN' cave?

38 posted on 07/23/2011 2:46:54 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment. -- L. Von Mises)
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To: Steelfish

http://www.nooooooooooooooo.com


39 posted on 07/23/2011 2:48:46 PM PDT by neodad (Don't Tap, Just Drill!)
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To: BfloGuy

“FIGGIN’ CAVE!!!!!

Boehner has always maintained that he would work to raise the debt ceiling as long as he got cuts equal to the increase with no tax rate hikes.

So, where’s the, um, FIGGIN’ cave?”

If you make the spending cuts, there is NO logical reason to raise the ceiling!


40 posted on 07/23/2011 2:50:08 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Cheetahcat
"If this guy was negotiating for me,I would jump off a bridge."

You had better jump because he is negotiating for you, taxpayer.

41 posted on 07/23/2011 2:54:28 PM PDT by verity (The Obama Administration is a Criminal Enterprise.)
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To: Cheetahcat

He is negotiating for you, do you have a bridge close?


42 posted on 07/23/2011 2:54:41 PM PDT by sweetiepiezer (I have a Pal In Sarah.)
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To: quantim
That’s the proverbial example of taking a bucket of water out of the deep end of the pool and dumping it in the shallow end.

We pay off our creditors with 100% borrowed money. Isn't that what is called a Ponzi Scheme? Our form of government is becoming corruption. I see Crybaby Boehner as much the enemy as Obama. Both are corrupt narcissists out only for their own self aggrandizement.

Spit!

43 posted on 07/23/2011 2:56:55 PM PDT by Prokopton
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To: sweetiepiezer

“He is negotiating for you, do you have a bridge close?”

LOL LOL LOL, Yes this is So Florida!


44 posted on 07/23/2011 2:58:47 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Steelfish

I emailed Speaker Boehner and said go short.

‘The ONLY bottom line that I have is that we have to extend this debt ceiling through the next election, into 2013,” Barack Hussein Obama, July 22, 2011

Because Obama doesn’t want people talking about his frivolous spending again between now and election time.

It is not the job of the House to make it ‘convenient’ for Obama. Obama and the Democrats sure didn’t make it ‘convenient’ for the former President, (or our troops)

I say only go 3 months at a time!!! Make this country talk about Obama and the Democrats’ out of control spending often and up to the election when Obama and the radical Democrats are ousted.


45 posted on 07/23/2011 3:00:20 PM PDT by Freddd (NoPA ngineers.)
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To: Steelfish

This is like we are putting a football championship together and Keep sending our weakest third string QB, Out EVERY time without fail!! What the hell!!!


46 posted on 07/23/2011 3:04:16 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: JPG

Anybody on this site who believes a 10 year deal to cut spending is plain stupid. How many times have we seen that snake-oil deal... promised cuts that are never delivered.


47 posted on 07/23/2011 3:06:59 PM PDT by tennmountainman
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To: Steelfish
Options include a new super committee of the sort

why not go all the way...and make it a blue ribbon committee? (snark)

48 posted on 07/23/2011 3:07:32 PM PDT by BookmanTheJanitor
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To: Nervous Tick

I’d push *him* off the bridge

LOL. Most Tea Party Members would fight u for that honor!


49 posted on 07/23/2011 3:11:42 PM PDT by tennmountainman
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To: Steelfish

One would think that Obama and the Dems are in the driver’s seat. They have no plan and the Reps just keep coming up with one after another becoming more frantic as the August 2 date approaches. Obama and Reid say no deal on any short term increase. So why are the Reps offering one?


50 posted on 07/23/2011 3:23:57 PM PDT by kabar
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