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Why I Oppose the Boehner-Reid Debt Plan
SCF ^ | 7-26-11 | U.S. Senator Jim DeMint

Posted on 07/26/2011 7:42:33 PM PDT by WOBBLY BOB

■Provides two increases in the debt limit -- $900 billion and $1.6 trillion — totaling $2.5 trillion. It gives the President an immediate $900 billion increase given that Congress does not vote to disapprove it. It gives the President another $1.6 trillion increase next year if a bill written by a new Super Committee passes both houses and becomes law.

■Reduces spending by only $1.2 trillion over the next ten years. This amount won't even come close to balancing the budget, as the debt is expected to grow by as much as $10 trillion over the next decade. The plan also reduces spending by only $6 billion in 2012. Considering that our government currently spends $10 billion a day, $6 billion is far too little to cut over the first year of the plan.

■Calls for a vote on the Balanced Budget Amendment but does not require its passage. Without passage of a strong Balanced Budget Amendment, Congress will never break its addiction to spending.

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


TOPICS: Constitution/Conservatism; Government; Politics/Elections
KEYWORDS: boehner; broke; ceiling; debt; demint; plan; reid; spending
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Boehner-Reid Debt Plan July 26, 2011

Posted By: U.S. Senator Jim DeMint

I have troubling news. I'm very careful about criticizing my party's leaders, but what is happening in Washington right now cannot be ignored.

House Speaker John Boehner (R-OH) has abandoned the Cut-Cap-Balance Act and is now pushing a new plan that is nearly identical to the one proposed by Senate Majority Leader Harry Reid (D-NV).

The Boehner-Reid plan gives the President an immediate increase in the debt limit and only promises to cut spending in the future. It violates all three principles of the Cut-Cap-Balance Pledge because it does not substantially cut current spending, it does not truly cap future spending, and it does not require the passage of a strong Balanced Budget Amendment before raising the debt limit.

In short, I oppose the Boehner-Reid plan because it won't balance the budget and stop the debt that is destroying our country.

The Boehner-Reid Plan

You will hear many claims about this plan over the next few days as it is pushed through the House and Senate. Some of these claims will be true, but many will be false. Here are the facts. The Boehner-Reid plan:

■Provides two increases in the debt limit -- $900 billion and $1.6 trillion — totaling $2.5 trillion. It gives the President an immediate $900 billion increase given that Congress does not vote to disapprove it. It gives the President another $1.6 trillion increase next year if a bill written by a new Super Committee passes both houses and becomes law.

■Reduces spending by only $1.2 trillion over the next ten years. This amount won't even come close to balancing the budget, as the debt is expected to grow by as much as $10 trillion over the next decade. The plan also reduces spending by only $6 billion in 2012. Considering that our government currently spends $10 billion a day, $6 billion is far too little to cut over the first year of the plan.

■Calls for a vote on the Balanced Budget Amendment but does not require its passage. Without passage of a strong Balanced Budget Amendment, Congress will never break its addiction to spending.

■Makes it virtually impossible to stop the debt limit from going up. The debt ceiling increases can only be stopped if Congress passes a resolution of disapproval and then votes to override the President's veto with two-thirds support in the House and Senate.

■Creates a new, 12-member Super Committee to write another "grand bargain" to reduce the deficit by at least $1.6 trillion. It does not, however, prohibit the Super Committee from writing a bill to raise taxes and destroy jobs. The bill can then be fast-tracked through the House and Senate with no amendments.

Why It Should Be Rejected

After reviewing the details of Boehner-Reid plan, I cannot support it.

■It won't balance the budget and stop the debt. Even if the cuts called for in the plan were real, the debt will still increase by $7 trillion over the next ten years.

■It won't protect our AAA bond rating. According to financial reports, this plan will not reduce long-term spending by enough to prevent a downgrade. If we lose our AAA rating, it will create higher interest rates and cause our debt to grow even faster.

■It will likely result in higher taxes that will destroy even more jobs. The unemployment rate is over 9 percent. We cannot afford to lose more jobs when so many Americans are struggling to find work.

1 posted on 07/26/2011 7:42:46 PM PDT by WOBBLY BOB
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To: WOBBLY BOB

I oppose any plan with any retreat, compromise or surrender. Just CUT!!

There is no emergency to pass anything else. No DEALS! Just CUT!! And keep cutting!

Let the people decide in 2012 if they wish to remain broke, unemployed and oppressed under Obama and the socialist Democrats or live free under a constitutionally limited government as intended!!

Go tea party Republicans!! Hold the line!! Reinforcements coming in 2012!!


2 posted on 07/26/2011 7:53:06 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: WOBBLY BOB
The plan also reduces spending by only $6 billion in 2012.

This is the magic number I have been looking for. Vote it down.
3 posted on 07/26/2011 7:55:00 PM PDT by andyk (Interstate != Intrastate)
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To: WOBBLY BOB
House Speaker John Boehner (R-OH) has abandoned the Cut-Cap-Balance Act...

Bottom line: "CCB" would have also raised the debt ceiling by $2.4 TRILLION dollars.

4 posted on 07/26/2011 7:55:30 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: andyk
The plan also reduces spending by only $6 billion in 2012.

CBO just scored Boehner's "plan" and said that $6 billion is actually $1 billion.

Which in itself is mythical. It's a "cut" of projected increases.

5 posted on 07/26/2011 7:57:23 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: Jim Robinson

$6 Billion.

That is simply insane.


6 posted on 07/26/2011 7:59:23 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: EternalVigilance
Exactly. Nobody in Washington really wants to cut spending.
7 posted on 07/26/2011 8:01:00 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Jim Robinson

Pull the Boehner bill.


8 posted on 07/26/2011 8:01:32 PM PDT by Jeff Chandler (Just once I'd like someone to call me 'Sir' without adding 'You're making a scene.' - Homer Simpson)
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To: WOBBLY BOB

This is another GOP Sellout.


9 posted on 07/26/2011 8:01:45 PM PDT by King_Corey (www.kingcorey.com -- Twitter @KingCorey_Com)
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To: andyk
This is the magic number I have been looking for. Vote it down.

Check out this thread. It's not $6 billion, it's $1 billion.

10 posted on 07/26/2011 8:03:14 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: GeronL

Tell Your Representatives to Vote NO on Speaker Boehner’s Debt Ceiling Plan

http://action.freedomworks.org/4829/tell-your-representatives-to-vote-no-on-speaker-boehners-debt-cei/?src=july26


11 posted on 07/26/2011 8:03:25 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: WOBBLY BOB

And this article was released BEFORE the CBO came out with Bonehead and Cantor’s Deal. What I don’t understand is why Allen West and Paul Ryan came out in the support of the deal, before the CBO numbers were released. It’s all “phantom” cuts anyway. The only cuts I want to see are the here and now. Everything else is more DC Trickery.


12 posted on 07/26/2011 8:06:47 PM PDT by tennmountainman
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To: WOBBLY BOB

What is it going to take to force these a-holes to do the job they were elected to do?


13 posted on 07/26/2011 8:07:02 PM PDT by muddler (Diligentia, Vis and Celeritas)
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To: EternalVigilance

I saw that too somewhere. So it’s really 1 billion in cuts(which is 1/10th of what we spend everyday. The rest of the cuts are “phantom” cuts never to be made.

A very bad deal. Shame on Bonehead and Cantor.


14 posted on 07/26/2011 8:09:39 PM PDT by tennmountainman
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To: muddler

total collapse- torches and pitchforks.

which will then be too late.


15 posted on 07/26/2011 8:09:52 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: EternalVigilance
CBO just scored Boehner's "plan" and said that $6 billion is actually $1 billion.

Thanks for the link. Absolutely ludicrous. I cannot believe what Boehner is doing here. Up until this point, I was under the impression he was doing well. Jay Carney alluded to this in a 10 minute stretch of press conference where he basically had to admit that there had been no real plan presented by anyone (the lone exception may be the Ryan budget). He chastised reporters for asking him, and claimed "that's how it's done, and you should know that". Then he quoted Bob Dole saying "we have to hold hands and jump in the boat". Pretty sad.
16 posted on 07/26/2011 8:17:25 PM PDT by andyk (Interstate != Intrastate)
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To: WOBBLY BOB

You may be wobbly, Bob, but Senator DeMint is not. I sure wish he’d run, so we wouldn’t have to deal with a contested primary season.


17 posted on 07/26/2011 8:17:39 PM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: BobL
You may be wobbly, Bob, but Senator DeMint is not.

How do you figure? He supports CCB, which would raise the debt ceiling $2.4 TRILLION.

18 posted on 07/26/2011 8:22:47 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: EternalVigilance

“How do you figure? He supports CCB, which would raise the debt ceiling $2.4 TRILLION.”

...and your alternative?


19 posted on 07/26/2011 8:28:00 PM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: BobL

Quit borrowing and spending money our grandchildren and great-grandchildren will have to pay back. It’s not complicated.

Every single vote to contract debt that our generation cannot possibly pay is a vote for their enslavement. It is the stripping of our posterity’s God-given right to self-government by consent.

It is the repudiation of the crowning purpose stated by the founders in our Constitution: “to secure the Blessings of Liberty to Posterity.”


20 posted on 07/26/2011 8:33:23 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: BobL
From our host:

An Important Message To DeMint, McConnell, Boehner, et al.

21 posted on 07/26/2011 8:34:45 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: tennmountainman
The only cuts I want to see are the here and now. Everything else is more DC Trickery.

Yes.
22 posted on 07/26/2011 8:36:44 PM PDT by andyk (Interstate != Intrastate)
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To: Jim Robinson
Here's all you have to know. Obama's "Porculus" program has been added into the "baseline" budget. That means that every year has a trillion dollar plus increase over the 2008 budget.

So, in 10 years, we have an additional $10 trillion plus in new spending with at least 43 cents of every dollar being "borrowed" (ie created out of thin air).

The "Boehner Plan" cuts a trillion plus in spending over the next 10 years. In other words, the "Boehner Plan" sanctions the Obama increase in the size and scope of the Federal Government.

It's NOT a first step in the right direction. It's another sprint in the wrong direction. It will do exactly nothing to improve the situation.

23 posted on 07/26/2011 8:39:04 PM PDT by Jabba the Nutt (.Are they stupid, malicious or evil?)
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To: WOBBLY BOB

DeMint/Palin 2012


24 posted on 07/26/2011 8:44:40 PM PDT by Bobalu (He who is compassionate to the cruel will ultimately become cruel to the compassionate)
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To: Jabba the Nutt

“The “Boehner Plan” cuts a trillion plus in spending over the next 10 years”

And that’s IF cuts are made. This deal does not bind future congresscritters. And more importantly, there is NO HISTORY of the DC Hacks following up on promised future spending cuts. None , zip, nada.


25 posted on 07/26/2011 8:44:42 PM PDT by tennmountainman
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To: EternalVigilance

“Quit borrowing and spending money our grandchildren and great-grandchildren will have to pay back. It’s not complicated.”

You won’t hear me argue that, but the problem is getting the old-timers to understand that Social Security MUST be turned into a means-tested welfare program (and it will, it’s only a question of whether we have to collapse our country first).

But mention it on this site...the most conservative in the business and you get half the oldies SCREAMING at me, DEMANDING back the money they put in. They could care less if their collective voting wound up getting that money spent real-time and now they have to come after our kids and grandkids.

So you have half of the oldies HERE saying that. You can imagine what the rest of the oldies think (as in 95% of them). And by oldie, even someone who’s worked 20 years feels the same. So what the hell is a politician supposed to do?

That’s why I have 4 years worth of every non-perishable item that I can think of.


26 posted on 07/26/2011 9:00:43 PM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: muddler
What is it going to take to force these a-holes to do the job they were elected to do?

Winning the Senate.

I just wish they'd be honest - don't tell us it's a good deal only to find out it sucks badly.

If they'd say "we would like more immediate cuts, less of a debt raise, and another vote next spring - but those won't get by the Senate. So instead of risking what could happen to the economy at the hands of the party of NO dems, we've decided to spare the country from the terrorism of the dems, pass a bill that will prevent undue harm, and ask your help in winning the Senate."

I would be much more likely to back them. But c'mon, this deal sux so bad.

27 posted on 07/26/2011 9:02:29 PM PDT by Principled
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To: EternalVigilance
EV we all know CCB increases the debt ceiling. None of us likes it. And we would like even less losing the House next fall after gov't spending is cut overnight by nearly half.

I am for CCB because it does indeed provide a reasonable mechanism toward sanity.

Refusing to raise the debt ceiling at all right now would be suicide next fall. I prefer accepting something that will cut some - whatever the dems will take in this environment - then focus on taking the message thru the elections.

So, we are on the same side. Some of us just think the best route would be to win big again next fall. Some of us think that we're being set up to lose our advantage.

I am of the mind that we will be crushed next fall if we cut 44% of government overnight for 15 months. Cutting that much would save us almost 2 trillion in 15 months - but if we take the House, Senate, and White House think what we could do. Alternatively, what if we lose them?

28 posted on 07/26/2011 9:13:02 PM PDT by Principled
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To: Principled

So, really, you’re admitting that $2.4 TRILLION has been sacrificed on the altar of Republican re-election chances. Joy.


29 posted on 07/26/2011 9:26:56 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: EternalVigilance

No, you made that up.

I’m saying it’s worth considering that you’re being set up by the man who refuses to propose anything.

I’m saying it’s worth considering that our chances are much better to get something substantive if we can get the Senate and/or the House. CCB is something substantive - that’s why the dems won’t even take it up.

0zero is laughing his ass off at you.


30 posted on 07/26/2011 9:31:35 PM PDT by Principled
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To: WOBBLY BOB

It is amazing all the fear mongering over not increasing the debt but very little look at the risk of letting debt just grow out of control.


31 posted on 07/26/2011 9:34:59 PM PDT by freedomrings69
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To: Principled

Why? He’s getting his trillions.


32 posted on 07/26/2011 9:42:26 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: Principled
0zero is laughing his ass off at you.

Seems to me it's the Republicans he's laughing at. No matter which "plan" passes, they ALL raise the debt ceiling by several trillion. You think he cares about anything but the bottom line? I don't.

33 posted on 07/26/2011 9:44:37 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: EternalVigilance
What I think he cares about is another four years of spending. And that's his focus already. If he can get our freshmen to break their no new tax pledge he will kill us. If he can goad us into holding firm to no increase, he will kill us.

EV you know what would happen economically and socially if gov't spending were cut, overnight, by 45%. We would be slaughtered next fall. Sure we'd spend 2T less - until after the next elections!

He wasn't able to get us to break the tax pledge but he is sending us gently down the plank by goading us into sticking to no raise. IMO it will kill us.

This site is all about exchanging ideas - i've provided mine - CCB. What's your plan EV?

34 posted on 07/26/2011 9:54:29 PM PDT by Principled
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To: Principled

Stop borrowing against posterity’s liberty and prosperity. Return to the limits of the Enumerated Powers.

The idea that borrowing and spending this two and a half trillion dollars doesn’t amount to a tax increase is nonsense. It’s all money that the taxpayers will have to pay back, with interest.


35 posted on 07/26/2011 10:02:58 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: Principled
We would be slaughtered next fall.

There's always another election. And we always hear the same old siren song.

36 posted on 07/26/2011 10:04:06 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: EternalVigilance

Well what’s your plan EV?

What steps do we take to return to enumerated powers?


37 posted on 07/26/2011 10:06:08 PM PDT by Principled
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To: EternalVigilance
There's always another election.

Indeed there is [we hope!]... but what is your plan to get to the next election in good shape?

38 posted on 07/26/2011 10:07:26 PM PDT by Principled
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To: Principled

I’ll let JR speak for me:

http://www.freerepublic.com/focus/f-news/2754328/posts

Posted on Tuesday, July 26, 2011 7:55:23 PM by Jim Robinson

This ain’t rocket science. The country is going bankrupt because of big spending, big taxing, big government Marxists, socialists, liberals, progressives, moderates and RINOS!!

We don’t need a higher credit limit or higher taxes. We need to cut the damned government! Cut the spending! Cut the stifling regulations! Cut the taxes!! Cut it NOW!! Not ten years from now, not five years from now, not two years from now, CUT IT NOW!!

Get the government out of our pockets, out of our faces, out of our business, off our backs and OUT of our lives!!

Set our people free, turn them loose and let them go back to work and produce, free of government intervention, free of government thievery and free of government harassment!!

No compromise, no retreat, no surrender!!

Quit dinking around with deals and extra-constitutional committees!!

We the Taxed Enough Already people sent you Republicans up there to CUT the government, CUT the spending, and CUT the taxes!! Now, dammit, get off your butts, quit playing footsie with the corrupt bastards and do your JOB!!

Pass a budget and cut, baby, CUT and cut DEEP!!

Make the corrupt bastard democrats block or veto it, but pass the damned thing!! And then cut deeper and pass it again!! And again!! All the way up to election day if need be!! You the REPUBLICAN congress control the budget!! Now, CUT it and PASS it!!

Let the people decide if they’d rather have big spending, big taxing, petulant democrats in charge to bankrupt our country or tax cutting, government cutting, deficit cutting, fiscally responsible adult REPUBLICANS!!

End the ridiculous war on capitalism! End the war on industry! End the war against coal, oil, gas and energy! End the war against our previously free economy! End the war against our people!! And start by repealing ObamaCommieCare!!

Put our people back to WORK!!

We sent you up there for a reason. If you can’t do the job, GO HOME and let someone else do it!! Or, by God, we’ll send you packing in 2012!!

A TEA party rebellion is brewing!!

I can see 2012 from my house!!


39 posted on 07/26/2011 10:11:17 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: Principled

There is no way to “get to the next election in good shape.”

The whole lot of them, almost without exception, need to be defeated.


40 posted on 07/26/2011 10:12:41 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: EternalVigilance

I agree with everything JR says!

But that is not a plan EV. What’s your plan? It’s ok not to have one - but it does influence how your criticisms are perceived.

Care to give it a shot?


41 posted on 07/26/2011 10:14:52 PM PDT by Principled
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To: EternalVigilance
There is no way to “get to the next election in good shape.”

I disagree - I think the country agrees that we need to control government. And that's where we are now...

That's why 0zer0 is doing what he can to change to subject to be able to blame republicans for 12% unemployment and riots in the streets. I'd like to avoid unemployment getting even worse, i'd like to avoid riots, and i'd like to remain focused on getting the Senate and/or the White House.

With full control, we can repeal obamacare, reform entitlements, and shrink government. We cannot do that with just the House.

42 posted on 07/26/2011 10:18:40 PM PDT by Principled
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To: Principled
With full control, we can repeal obamacare, reform entitlements, and shrink government. We cannot do that with just the House.

I'm reminded of a famous Judy Garland song...

43 posted on 07/26/2011 10:26:32 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: Principled

Our platform has addressed your question right along:

Restoring limited government

We seek to restore the intended balance between the three separate branches of our government, and to strictly limit government to the Enumerated Powers granted and expressed by the will of the people of the United States in our Constitution.

All existing functions of the Executive branch that are outside of those Enumerated Powers must be eliminated.

All spending and regulation by the Legislative branch that lies outside the Enumerated Powers must cease.

Judges who attempt to legislate from the bench, or who abandon the clear principles of our Constitution, must be checked if liberty and justice are to prevail in our society once again.

We demand a return to adherence to the provisions of the Tenth Amendment: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”


44 posted on 07/26/2011 10:30:01 PM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: EternalVigilance

That’s a platform EV - that’s the goal that is pursued.

My question remains... how to you achieve that goal? I have the same goals and platform. But simply stating it doesn’t make it magically appear. Demanding it doesn’t get it done. You have to implement some changes that will result in the realization of your goals.

Again, it’s OK if you don’t have a way to reach your goals. But it does influence how your criticism of other plans is perceived.

Do you have a plan?

I think these goals can be achieved by implementing CCB. You have had plenty to say about why you don’t like CCB. That’s fine of course - that’s what this site is about. But it’s also about offering a different option that you think would be better. If you don’t have anything better, then what does all your criticism really mean?

C’mon, give some idea of how you would achieve your goals.


45 posted on 07/27/2011 5:43:04 AM PDT by Principled
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To: freedomrings69

That’s because one is fun... while it lasts.


46 posted on 07/27/2011 7:52:38 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: tennmountainman
It's all fantasy. The DCites think its all just monopoly money and what they do, really won't affect the rest of the country. After all DC is a boom town. What's the problem?

I'm just saying the "plan" sucks. It's worse than worthless. The Boehner Plan confirms Obama's trillion dollar a year increase in the size of government.

Our country will collapse BEFORE it gets out 10 years. The Plan gives the Democrats and the media all the ammo they need to blame Republicans, say 'conservatives' support this increase, etc., etc.

47 posted on 07/27/2011 7:57:37 AM PDT by Jabba the Nutt (.Are they stupid, malicious or evil?)
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To: Jabba the Nutt

Many here know EXACTLY what the stakes are. Some do not.
Some believe the DC Ways are the right way, even though that way has brought us to the crisis we now face. We cannot continue down that road or our country will fold, as u stated.

The two plans offered are just two wings of the same bird of prey, that does NOTHING to begin solving the root problem. SPENDING.
The “future” phantom cuts will never happen and we will continue to max out the debt limit. It’s a plan for a coming disaster.


48 posted on 07/27/2011 8:06:59 AM PDT by tennmountainman
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To: Principled
I think these goals can be achieved by implementing CCB. You have had plenty to say about why you don’t like CCB. That’s fine of course - that’s what this site is about. But it’s also about offering a different option that you think would be better. If you don’t have anything better, then what does all your criticism really mean?

Actually, I have answered you. But the answer is too simple for you to accept, apparently.

The House of Representatives holds the purse strings. Instead of exercising that power in defense of the liberty and prosperity of our posterity, the majority in that body has instead chosen to forward plans that raise the debt ceiling by trillions of dollars, while offering nothing but a bunch of completely empty promises about how they will definitely do something...somewhere over the rainbow.

49 posted on 07/27/2011 8:07:35 AM PDT by EternalVigilance (For decades they've kicked the can down the road. Sorry, but there's no more road.)
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To: BobL

I concur. DeMint is Da man.


50 posted on 07/27/2011 8:17:10 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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