Posted on 07/10/2011 7:25:32 AM PDT by Kaslin
WASHINGTON, DC - House Speaker John Boehner (R-OH) released the following statement today regarding ongoing debt limit discussions with the White House:
"Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase."
Conflicting stories from Reuters and the New York Times suggests that the sides are at least still talking. However the miserable jobs report on Friday complicates matters. Democrats now want more stimulus, and stimulus will add to the deficit.
Reuters reports Boehner says chance of budget deal "maybe 50-50"
Speaker of the House of Representatives John Boehner told his Republican members on Thursday that chances of reaching a budget deal within the next few days "was maybe 50-50," a party aide said.Interestingly, the New York Times says Boehner has agreed to some tax hikes but Republicans and Democrats Still ‘Far Apart’ on Debt, 2 Sides Will Seek Broader Cuts
"Whether or not it happens is really dependent on whether they (Democrats) continue to insist on tax hikes" over Republican objections, the aide said. Boehner offered his assessment at a closed-door meeting with members shortly before White House talks with President Barack Obama and other congressional leaders.
(Excerpt) Read more at finance.townhall.com ...
I don’t believe a thing any of them say and that includes the reporting on it.
Republicans will have to hold out through the barrage of Democrat demagoguery.
2012 must also be RINO Season. Ohio FReepers, it’s time to primary Boehner....
True. There has been a rush to judgement that Boehner has caved, and there’s no evidence of it.
Folks here think that if the GOP holds firm, they will get their way. That can’t work because 1 October looms past 2 August, and on 1 October all spending authorization for everything expires. That means no Soc. Sec. checks, no Medicare payments for elderly care, no DoD checks, no airline flights across the US (because no clearances) . . . no nothing.
The debt ceiling is not the real battle. It’s the FY 2012 authorizations.
Let’s call the Dims’ bluff. Obama would cave, especially with his putrid poll numbers.
Media versions that are not of our own side are designed to set freepers freaking out as soon as the ink hits the paper. Posting the other side’s version without a juxtaposition is simply more than some can take. One thing this financial debacle is sure to produce is an uneasy alliance for both sides, and the outcome will take us into the elections, so it must be done with some precision. But wanting to burn our own ship while at mid sea, before we even finish the table talk is unfortunate and defeatest. I’m with you, we should stand fast and ignore the face making the liberal media is using to taunt conservatives.
This is an unequal match-up. Boehner said himself he can’t go near an elementary school without sobbing, because he’s afraid those kids won’t have the same opportunities he had. All Obama has to do is show Boehner a pic of some ragged schoolkids, and say, ‘John, without tax hikes, these tender little urchins are doomed’. When Boehner can’t stop bawling long enough to speak, he’ll say, ‘Done!’.
We haven’t had a budget for two years now. Why start now? Whatever might be proposed won’t pass, so why bother.
Oh, they’ll just “deem it passed” and keep on spending.
When it $$ time, I'm in on that movement!!
I think there's just not enough info out there. What info we have is not likeable. Explanations and information would be helpful.
-Why do we absolutely have to have a debt ceiling increase? And how much of an increase and for how long?
-Why do we absolutely have to increase the debt ceiling NOW but cuts must wait 10 years?
Pretty much all that's out there is a likelihood of a 2.5 T increase in the debt limit NOW [seems WAAAAAY too high in the absence of information - why do we need that much before October?] and the accompanying tax cuts are 2.0 Trillion... over 10 years [200 billion this year.]
The debt ceiling increase seems like way more than we need - and it isn't even clear why we need an increase anyway. Will the debt limit then increase every year by 2500 billion while we cut 200 billion every year?
Some on these threads seem to ridicule questions like that - but those questions are the problem. If folks understood why then i don't think they'd be as steamed. As it sits, with little information, it looks bad - really bad.
How can we feel good about it?
A $2 trillion deficit reduction plan sounds like a lot, but that is over a decade. We could rake up an additional 100% GDP in debt within a decade even with a deal. The interest on such a debt would be massive.
For any 10-year deal, I would love to know the following:
How much will our national debt increase over 10 years?
Will the debt as a percent of GDP decrease every year?
What will inflation and unemployment rates be for the 10 years?
>> The debt ceiling is not the real battle. It’s the FY 2012 authorizations.
Yeah, sure.
And the continuing resolution wasn’t the real battle, the debt ceiling fight was. And so on and so forth. And when they cave on the budget, well, that won’t have been the real battle... it’s always the next one that’s most important.
Look: I get your point. I understand that it’s possible to focus so much on winning some single battle that you lose the war.
The problem is, the pubs have caved on EACH and EVERY battle so far. They have essentially NOTHING to show for the huge majority they’ve held for the better part of a year.
And YOU should think on THIS point: NO war was ever won by the side that lost EVERY battle.
I am going to wait and see what Boner ends up with before I pile on. But I’m not hopeful, based on past performance.
“There has been a rush to judgement that Boehner has caved, and there’s no evidence of it.”
If a liar lies to you, you expect it to happen again.
If a coward gives your enemy all he wants and calls it a victory (CR a few months ago) you expect it to happen again.
You are wise not to believe what any of them are saying. Right now the Dem and media slant is that Obama wants twice as much in cuts as the GOP and the GOP won’t agree. Boehner is gonna twist himself into a pretzel before this is over I fear. At any rate I am holding on tightly to what little bit is left in my wallet.
Half a year at this site and you're already arm-chairing Ohioans into action? Where's your headquarters?
I can not hold my comment anymore. The cave was before the “debate” about the “Deal” began. The premise is that the limit will be raised. The deal is to throw the debate in to the never never land of DC packages and Party Politics. We lost before the game began. What a scam. All we are witnessing is Politibabble. The problem is the BORROWING! Not the spending or taxing. The problem was off the table from the start.I am amazed at the lack of logic and willingness to participate is such an obvious fraud.
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