Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama endorses Reid debt deal
politicalticker.blogs.cnn.com ^ | July 25th, 2011 | CNN

Posted on 07/25/2011 12:38:39 PM PDT by Berlin_Freeper

WASHINGTON (CNN) - President Barack Obama on Monday endorsed a debt-ceiling proposal by Senate Majority Leader Harry Reid that would cut government spending by $2.7 trillion and increase the federal borrowing limit through 2012, the White House said.

(Excerpt) Read more at politicalticker.blogs.cnn.com ...


TOPICS: News/Current Events
KEYWORDS: ceiling; debt; debtdeal; reid; spending

1 posted on 07/25/2011 12:38:41 PM PDT by Berlin_Freeper
[ Post Reply | Private Reply | View Replies]

To: Berlin_Freeper

well this plan must suck then....


2 posted on 07/25/2011 12:40:02 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

That’s $2.7 Trillion in cuts - WHEN?

If its one of those ridiculous 10 year deals - forget about it.


3 posted on 07/25/2011 12:42:43 PM PDT by PGR88 (I'm so open-minded my brains fell out)
[ Post Reply | Private Reply | To 1 | View Replies]

To: God luvs America

As long as he gets this off the table prior to the election he will sign ANYTHING!

Tell him to shove it.


4 posted on 07/25/2011 12:43:22 PM PDT by Vermont Lt (I can't think of anything clever, so I'll just say, "Obama sucks.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: God luvs America

Exactly.

If Zer0 likes it, there’s something wrong.


5 posted on 07/25/2011 12:44:34 PM PDT by ltc8k6
[ Post Reply | Private Reply | To 2 | View Replies]

To: Berlin_Freeper

Too much money. No 2.7 trillion. How about 1 trillion for the next 18 months, you know shared sacrifice and all, bo only gets 1 trillion to buy votes with.


6 posted on 07/25/2011 12:45:27 PM PDT by DCmarcher-976453 (SARAH PALIN 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88
I just saw an article that said $1 trillion in cuts would come from "winding down wars"

And The Kickers In Reid's Proposed "Deficit Cutting" Plan Are...

7 posted on 07/25/2011 12:47:17 PM PDT by camerongood210
[ Post Reply | Private Reply | To 3 | View Replies]

To: PGR88

We’ll ‘’cut’’ 2.7 trillion (counting the ending of expenditures for Iraq and Afghanistan) over ten years (maybe, mostly the ‘cuts’ are trimming increases) for 2.7 trillion in debt authorization for the next year. IE: Give us 2.7 trillion to blow through, we’ll give you empty promises.

Not only no deal, I’d just for once like to see a reporter stand up and ask ‘what do you anticipate the cost of borrowing 2.7 trillion dollars to be, and did you account for that in your budget plan?’


8 posted on 07/25/2011 12:47:56 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Berlin_Freeper
Whatever real cuts are in Reid's plan will come from the military, guaranteed — just as Carter & Clowntoon did. If that Marxist/Muzzie/Kenyan/Usurpatious America-Hater can't continue destroying the U.S. economy, he'll go after unilateral disarmament and the weakening of our defenses.
9 posted on 07/25/2011 12:48:45 PM PDT by twister881
[ Post Reply | Private Reply | To 1 | View Replies]

And $1.2T would come from cuts in discretionary spending.


10 posted on 07/25/2011 12:49:14 PM PDT by camerongood210
[ Post Reply | Private Reply | To 7 | View Replies]

To: Berlin_Freeper
Notice this one says increase borrowing through 2012, not April 2012: Obummer should accept it he won.
11 posted on 07/25/2011 12:52:33 PM PDT by org.whodat (Speaker West, name sounds good.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

Table it.


12 posted on 07/25/2011 12:53:28 PM PDT by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: ltc8k6

Yup...if Odumbo agrees to a Dem deal, there is absolutely something wrong.


13 posted on 07/25/2011 12:55:15 PM PDT by max americana (FUBO NATION 2012 FK BARAK)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Berlin_Freeper
“through 2012”?..... If “O’s” blind, deaf and dumb supporters get this monkey off their back through the next election, “O” is all set for another term.

I thought the proposed raise in the debt ceiling was minimal and temporary, so "O" would have to come up with a better plan in the interim or stuggle with this issue while campaigning.

14 posted on 07/25/2011 12:59:30 PM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

Remember that the Rat definition of “cut”, is slightly less $$ in planned increases (maybe).


15 posted on 07/25/2011 1:00:42 PM PDT by HalfFull ("Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery?" -PHenry)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ltc8k6
If Zer0 likes it, there’s something wrong.

It's only wrong for Zer0. He has to take it or he'll have to face this same debate again in an election year with the 2-step plan.

He's having to concede to MORE cuts than the debt hike with NO tax increase which is exactly what Boehner and Cantor have been calling for.

LOL. He is getting NOTHING he wants with the possible exception of saving Medicare from being included so the Dems can have that for an election issue.

This is a big win for Boehner.

16 posted on 07/25/2011 1:02:52 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 5 | View Replies]

To: org.whodat
Obummer should accept it he won

He did not win; Boehner only introduced the Mar '12 idea in the last couple of days to corner Obama.

Obama has lost bigtime...no tax hikes!!

17 posted on 07/25/2011 1:04:41 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 11 | View Replies]

To: PGR88
Rush said that all of this “savings” are supposed savings from not fighting the wars in iraq and afghanistan... like that is going to happen. Smoke and mirrors and lies.

LLS

18 posted on 07/25/2011 1:06:43 PM PDT by LibLieSlayer ("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Siena Dreaming

Why does the Reid plan say through 2012; and give me a list of the cuts in the bill, there will never be any.


19 posted on 07/25/2011 1:08:28 PM PDT by org.whodat (Speaker West, name sounds good.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Siena Dreaming

Then why is Boehner proposing something else?


20 posted on 07/25/2011 1:08:46 PM PDT by ltc8k6
[ Post Reply | Private Reply | To 16 | View Replies]

To: org.whodat
Why does the Reid plan say through 2012

Because Obama doesn't want to take this up in Mar '12 again, obviously.

Boehner was all for the bigger deal also. He proposed the 2 tier plan recently to scare Obama into accepted a "bigger cuts than debt hike" which Reid has today now been scared into proposing. Ha.

Dems have been all along saying they were against larger cuts than debt hike until today (unless tax hikes were included). Boehner wins.

21 posted on 07/25/2011 1:13:40 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 19 | View Replies]

To: ltc8k6

See post #21.


22 posted on 07/25/2011 1:14:30 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 20 | View Replies]

To: HalfFull
Remember that the Rat definition of “cut”, is slightly less $$ in planned increases

You got it!! Obamacare has built in automatic tax increases and more spending. Did anyone see that addressed??

It's the same old BS. Cuts, means reductions in tax increases. Cuts, mean reductions in spending increases. But Washington still gets a bigger share of the Nation's wealth and Washington still spends more to buy votes and campaign contributions.

23 posted on 07/25/2011 1:31:06 PM PDT by CharlyFord (t)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Siena Dreaming

Boner wins my rear, there will never be any cuts. He kicked the can and grew government by trillions. And the whole deal stinks more republican caving. Where is the lists of cuts!!!


24 posted on 07/25/2011 1:34:16 PM PDT by org.whodat (Speaker West, name sounds good.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: All
WHERE WAS THEIR PLAN MONTHS AGO, WEEKS AGO, DAYS AGO?

I would tell them, "SHOVE IT!"

25 posted on 07/25/2011 1:35:29 PM PDT by newzjunkey (Obama until 2017. Could happen.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

DONATE

Sponsoring FReepers are contributing $10 Each time a New Monthly Donor signs up!
Get more bang for your buck!
Please Sign up Now!


26 posted on 07/25/2011 1:36:06 PM PDT by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: org.whodat
Which list are you looking for...Boehner's or Reid's?

Boehner's includes some Medicare reforms...Reid replaces this with war "savings"

That's where the current fight is now.

27 posted on 07/25/2011 1:36:17 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 24 | View Replies]

To: Siena Dreaming
There is no fight, Reid got what he wanted. And so did Obummer. The democraps win another round.
28 posted on 07/25/2011 1:42:12 PM PDT by org.whodat (Speaker West, name sounds good.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Berlin_Freeper

bump.


29 posted on 07/25/2011 1:42:35 PM PDT by ken21 (liberal + rino progressive media hate palin, bachman, cain...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: org.whodat
Reid got what he wanted. And so did Obummer

100% wrong.

They never wanted cuts in excess of the debt ceiling. And Obama was on fire for tax hikes all along.

They will be incensed that Boehner and especially Cantor got what they wanted both in the Biden talks and in the talks over the last couple of weeks.

30 posted on 07/25/2011 1:48:52 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 28 | View Replies]

To: God luvs America

Of course it sucks! The Left will say anything to get the gullible Republicans to sign on and then block it’s being carried out...after the debt ceiling has been raised. I hope the republicans can see through this, especially after what Obama did to Boehner in APril, promising certain things, and immediately rescinded it as soon as it was voted on.


31 posted on 07/25/2011 6:20:47 PM PDT by Shery (in APO Land)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Siena Dreaming

Once again they are future cuts, they are never going to happen, it is all smoke and morrows. But the increase in the debt ceiling is immediate and all the spin you can put our is not going to change that. Say it one time slowly, the debt ceiling increase is immediate, the cuts happen some time in the future, kick the ball Charlie brown.


32 posted on 07/25/2011 8:57:03 PM PDT by org.whodat (Speaker West, name sounds good.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Siena Dreaming
Make a note, Mark Lavin agreed with me this afternoon.
33 posted on 07/25/2011 9:16:04 PM PDT by org.whodat (Speaker West, name sounds good.)
[ Post Reply | Private Reply | To 30 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson