Posted on 05/16/2011 5:46:54 AM PDT by markomalley
House of Representatives Speaker John Boehner on Sunday said he is ready to cut a deal on raising the debt limit if only President Barack Obama would get serious about spending cuts.
Obama warned that congressional failure to raise the debt limit could lead to a worse financial crisis than 2008-09 and urged that debate stay separate from spending cuts.
Both sides stuck to their well-staked out positions, showing little evidence of movement.
Boehner and fellow Republicans warned of dire consequences to the economy if the debt limit is not linked to spending cuts and deficit reduction.
"I'm ready to cut the deal today. You know, we don't have to wait until the 11th hour," Boehner said on CBS's "Face the Nation."
He questioned whether Obama was serious about deficit reduction. "He's talking about it. But I'm not seeing real action yet," Boehner said.
The Treasury Department is expected to hit its $14.3 trillion borrowing limit on Monday but says it can stave off default until August 2 by drawing on other sources of money to pay its bills. That timetable has created a sense in Washington that any political deal may be far off.
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke have warned that failure to raise the debt limit could hamper the fragile U.S. economy, which is making a slow and painful recovery from the 2007-2009 downturn, with a 9 percent unemployment rate.
(Excerpt) Read more at news.yahoo.com ...
Since when does the ‘Speaker’ cut deals? I thought you need layout the majority position, and then take it back to the members to a vote?
Or is he just used to the ‘old school’ way of trying to do things (
(’RULE’ from TOP DOWN).
I am actually torn on this issue. The great depression started out as a recession(and not the worst one)the feds loosened the cash supply, like they are doing now. The main reason we went from recession to depression was a sudden, extreme tightening of the money supply(there are other things involved that made this happen, and some of them are in play right now)..so, as much as I hate to say it, bernanke is correct, but so is boner....we cannot allow such an extreme contraction of the money supply to happen overnight. Linking this to spending control is the answer, but I truly fear the pubs will cave, or not get the assureances IN WRITING that will make a soft landing possible...raising the limit and increasing spending will lead to recession....not raising the limit may lead to depression.....
ER, how do we get Pelosi as Speaker if Boehner is replaced by someone effective? We still control the House, don't we?
Thats right. Bonehead can cut all the crap deals he wants. It’s the rest of the pubs in the house that can stop it if they want.
Why is it the Republicans are the ones who are willing to cut deals? Every time I hear the word ‘deal’ from these people, I puke a little. The Tea Party has given these clowns a clear warning. They disregard it at their own risk.
What a loser. Par for the course for the GOP.
Ah, the least of two evils argument. How profoundly deep!
Sheesh. Voting for that is precisely why Onada was able to usurp the WH.
Boner can’t show what he doesn’t have. IMO, Boner’s devoid of spine and guts; behold the GOP eunuch.
How about someone with spine and guts for a change? How about someone whose out to save this country from the enemies within? Boner doesn’t fit either of those.
I hope this isnt like the last deal where he comes out of that secret room with Obama and Reid and then lies to his Republican house members and us to get his compromise passed. Remember that the $39B turned out to be more like 1/2 billion.
At least this is not a hard political deadline like the shutdown was.
Get the cuts first, Boner!
Then have the cuts take place.
Then, once they give in on the first cuts, cut some more... they would have to roll over.
Otherwise, you are the one who will be getting rolled.
Boner
How did my voting for McCain, the lesser of two evils, get Obama elected?
| Disposition of deficit | |||||||
| 155,490,000 | $ 1,600,000,000,000.00 | ||||||
| Percentiles Ranked by AGI | AGI Threshold on Percentiles | Percentage of Federal Personal Income Tax Paid | Quantity of taxpayers | category's share of deficit | individual share of deficit | ||
| Top 1% | $380,354 | 38.02 | 38.0 | 1 | 1,554,900 | $ 608,320,000,000.00 | $ 391,227.73 |
| Top 5% | $159,619 | 58.72 | 20.7 | 4 | 6,219,600 | $ 331,200,000,000.00 | $ 53,251.01 |
| Top 10% | $113,799 | 69.94 | 11.2 | 5 | 7,774,500 | $ 179,520,000,000.00 | $ 23,090.87 |
| Top 25% | $67,280 | 86.34 | 16.4 | 15 | 23,323,500 | $ 262,400,000,000.00 | $ 11,250.46 |
| Top 50% | $33,048 | 97.3 | 11.0 | 25 | 38,872,500 | $ 175,360,000,000.00 | $ 4,511.16 |
| Bottom 50% | <$33,048 | 2.7 | 2.7 | 50 | 77,745,000 | $ 43,200,000,000.00 | $ 555.66 |
| (Taxpayer breakdown by 2008 figures, applied to 2011 deficit and quantity of taxpayers) | |||||||
Cue up “Tied to the Whipping Post” on the turntable...
Time to take Timmy Turbo and his little mongral b*tch, Benji, for a long walk into the woods ...
Of course he is “ready” he was born ready ...just like all the RINGOS before him
Ditto. Boehner -——>> YOU SUCK!
Geez, give Boner a break. He does get some things right. Look at that four season, perfectly even tan. That takes planning!
The election cycle is over until 2012.The sheep were fooled one more time. it is time to get back to business as usual. 2012 we can fool them again, so goes the thinking at the Establishment Republican,a/ka/athe Democrat farm Team, camp or headquarters.
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