Skip to comments.Obama praises 'Gang of Six' plan
Posted on 07/19/2011 11:16:24 AM PDT by Red Badger
WASHINGTON (AP) -- Time running short to raise the government's borrowing limit, President Barack Obama on Tuesday hailed a plan by a bipartisan senators' group on deficit reduction as the kind of "balanced approach" the nation is looking for. He said it's time for Congress as a whole to rally around such a proposal.
"We don't have any more time to engage in symbolic gestures, we don't have any more time to posture. It's time to get down to the business of actually solving this problem," the president said.
Obama spoke even as House Republicans pushed toward a vote on legislation that would require trillions in spending cuts and a balanced-budget constitutional amendment in exchange for an increase in the debt ceiling. That plan is unlikely to get through the Senate, and Obama has said he would veto it.
Facing an Aug. 2 deadline to raise the debt limit, Obama said he would call House Speaker John Boehner after the vote to invited him and other leaders back to the White House for meetings in coming days.
(Excerpt) Read more at hosted.ap.org ...
great, so if 0bama praises, I’m assuming the RINO’s caved. Please correct me if I’m wrong...
He likes this plan because it does not involve any real spending cuts, just tax hikes.
“...74 percent of the plans deficit-reduction goal would come from spending cuts and 26 percent from higher revenues.”
Absolutely no hope if they snatch victory from the closest thing to a win that they have had politically in years.
They WILL regret this BIG TIME come 2012 if they go through with it.
Of course he supports it. The thing is his plan, tax increases included, rebranded.
Yeah....higher taxes NOW, spending cuts LATER (if ever).
“Gang of Six” is an appropriate term.
Every one of them from the president on down is a gangsta.
Whatever they come up with, we will see taxes raised, unemployment increase, spending through the roof and the middle class ultimately wiped out.
Change we can all believe in.
It's the "kick the can" that he likes so HE doesn't have to cope with it before the elections.
What the he!! good is higher taxes going to do if nobody is working and the market is tanked?
Sens. Kent Conrad (D-N.D.), Mark Warner (D-Va.), Dick Durbin (D-Ill.), Mike Crapo (R-Idaho) and Saxby Chambliss (R-Ga.), and Tom Coburn (R-Okla.)
Any, and I mean ANY, Republican that votes for this is an open enemy of the American people and should be removed from office.
If the party passes this, we need a new party.
If Obama likes it that is all I need to know. Run away from this fast!
Ann Barnhardt is right. There really is a Combine up there (just like here in the People’s Republic of Illinois).
If Obama praises it, it’s trash.
I don’t know whether to scream or cry. Barry is pimping out these useless Congressional Republicans. No fight in them at all. Readily agreeing to tax increases with 9% unemployment is their Waterloo. God help us.
That honestly is all that is needed to know!
Tax increases i can believe - spending reductions I cannot. Maybe the cuts are just cuts in presumed iincreases and not actual cuts to existing spending.
So Obama is going to get away with it - spend like a drunken you know what and then force us to pay for it under the “THIS IS A CRISIS” mode.
>>> What the he!! good is higher taxes going to do if nobody is working and the market is tanked?
That, my friend, is going to need another committee or two to study for another year. And it’s gonna cost’ya.
And their findings will be promptly ignored by teh WON (or whoever).
What, exactly, is the democrat base sacrificing? I can't seem to find anything.
Why aren't the dependent democrat voters (the reason we're in this mess in the first place) being asked to sacrifice something along with everyone else? How about putting them to work so they can pay their own bills?
Share the WORK and the wealth will share itself. Free the tax slaves!
u r not wrong. The RINO’s caved.
The Senate is a cesspool, Senate GOP is going to hand the democrats more money in increased taxes. Like they have done a good job with our money over the last 100 years? Well go ahead Senate kick the can down the road, sell our children and grand children into more debt then can ever be repaid, just as long as yall can get along and get reelected huh?
I guess I can kiss TRICARE goodbye...
This seems like more than 3 income brackets to me and I imagine the middle class will pay the 22% and I mean people who earn around 60K which seems to me to be around the same as with Clinton. Also they are still keeping the Earned Income credit and they will be lowering deductions for mortgage interest and 401ks.
Sounds like this is in the governments favor
In 10 years you can take out your miniscule percentage in budget cuts...but we get to keep current increases by raising the debt ceiling limit and instituting tax hikes now! But at least it will give you the opportunity to tell the uninformed voters back home, "See, I voted for budget cuts!"
Plenty of earmarks for the “6” I’m sure.
Which is why so many people have gone Independent. Republicans promise, every time, to reign in spending and reduce the size of government, and then do the opposite. Actually, the democrats say the same thing to get elected.
Everyone lies, so deciding who to vote for is like a crap shoot.
The House will also have to pass this right? It’s not over yet.
10 year plan, cuts very little.
The RINOs in the Senate keep getting re-elected every election cycle.
And that’s why this plan is being pushed through.
Well, according to our Constitution...but with this gang who knows?
New name for TRICARE:
Here’s the more salesy than factual summary:
It's like a pea and shells game.. except there is no pea.
Meanwhile .. When will the lamebrain media pull the trigger on DoJ and its complicity in a 'Fast&Furious' developing scandal?
“Tom Coburn is the devil in this deal.”
Could be right. He apparently has a very cozy personal friendship with Obama, see below (barf alert)
That says it all!
One word to the House.......NO!!!!
Not only NEVER, but it will be used as an EXCUSE to DESTROY the Second Amendment.
They got rich there. When the economy crashes (which it will, because it's too late and all this talk is nothing but buying time), they can just hop on their private jets and flee the country.
There was a reason Bush bought 100,000 acres of land in Paraguay. The writing was already on the wall. He knew Fanny and Freddie would start the crash. He was there.
(I hope everyone here is preparing. Soon, that door will be closed)
“The House will also have to pass this right? Its not over yet.”
It’s been over since last week. Any strong resistance to it in the House will be portrayed as a Republican civil war by the MSM. Republicans are unstable and can’t govern, etc., etc. Get ready for an avalanche of scum that will make 2012 a slam dunk for barry. He will just run as being the great moderate and the soccer moms will buy it.
I do not care what it takes to defeat this scumbag, I will do it. Under no circumstances will he ever receive my vote.
Siding with Dick Durbin? That means you are a drawling Dick Durbin.
The hacks on both sides are so set in the “business as usual ways”.
They are the ones who have created this crisis (present and pasts congress’s). They are incapable of solving it. Only a new tea party minded congress can save this country. It is my belief that a default is coming. It’s just a matter of when. Within a decade, for sure.
I see nothing in that PDF specifically about FY 2012. This looks like an obama speech to me. All sizzle and no steak.
“What the he!! good is higher taxes going to do if nobody is working and the market is tanked? “
It will help fund the cushy retirement benefits of the present and past congresscritters who created this country killing debt. While they are enjoying their cushy retirements, americans will be paying a huge price.
Millions of Americans are without jobs. That means even more welfare. The talk is about default, but has nothing to do with welfare reform or jobs. Million more on welfare will require billions more in spending. Where's that money going to come from?
Add the cost of additional health care for illegals and those who are now without work, and we've got even bigger problems coming - sooner rather than later.
I hope everyone here is becoming as self sufficient as possible. People are going to have to learn to get by with nothing.