Posted on 07/27/2011 8:34:17 AM PDT by woofie
The debt-limit debate is heading toward a culmination, with President Obama reduced to pleading for the public to support a tax increase and Speaker John Boehner and Senate Majority Leader Harry Reid releasing competing plans that are the next-to-last realistic options. The question now is whether House Republicans are going to help Mr. Boehner achieve significant progress, or, in the name of the unachievable, hand Mr. Obama a victory.
Mr. Obama recognizes these stakes, threatening yesterday to veto the Boehner plan in a tactical move to block any Democratic support. The White House is afraid that it will pass the House and then become the only debt-ceiling vehicle if Mr. Reid can't get 60 votes for his own proposal in the Senate. This would short-circuit Mr. Obama's plan to blame the GOP for a U.S. credit downgrade, any market turmoil, a possible default, and the lousy economy too.
*** Under the two-phase Boehner plan, Congress would authorize $1 trillion in new debt in return for $1.2 trillion in budget cuts over the next decade. Most of that will come from caps on domestic discretionary spending over 10 yearsthe Pentagon and homeland security are exemptwith automatic spending cuts if the caps are breached. While one Congress cannot bind another, the proposal would at least guarantee real reductions in fiscal years 2012 and 2013.
(redact)
If conservatives defeat the Boehner plan, they'll not only undermine their House majority. They'll go far to re-electing Mr. Obama and making the entitlement state that much harder to reform.
(Excerpt) Read more at online.wsj.com ...
You can add Lt. Col. West to that comment.
I gave up 'serious' hopes like that in 2008. Too many things out of my control. Even worse now in some ways.
Conservatives like CC&B. So do most Republicans. Problem is, the House GOP CC&B bill they passed is dead. Period. Wake up, newbie!
Finally, some reason on this site. Thank you, sir.
Signed, a fellow Reagan Republican.
ok great - let’s surrender everything then! That’s all the GOP is ever does is fold like a cheap tent....I understand they may not get everything from CC&B at this point, but why did they have to significantly differ from it? At this point, Reid’s proposal will cut more than Boehner’s...how much more compromise are we supposed to accept?
Screw Boner.
His “plan” is Obamunism Lite: overtax, overregulate, overspend, overpromise... and it will kill America just as surely as Obama will. The only difference is that Obama will drive the bus over the cliff within the next four years, whereas Boner’s will draw out the recession-to-depression-to-collapse cycle by a few more years.
I think I read somewhere it was $6B first year, $27B second year.
CBO is scoring it as $1 billion in the first year. On a percentage basis that is less than one tenth of 1 percent of the 1.2 trillion in ‘cuts’ Boehner is alleging his bill will cut.
There is no danger. It is Y2K all over again.
CBO Finds Reid Plan Half A Trillion Short Of $2.7 Trillion Promised; Actual Cuts Are $375 B
LOL I understand your frustration but CC&B is dead and other choices at this point are limited. The GOP should push for the biggest cuts they can muster and work towards increasing the GOP House majority and retaking the Senate next November. Who knows. Maybe they'll roll the dice and see who'll blink first.
“The GOP should push for the biggest cuts they can muster....”
I agree with that, and I acknowledge they have an uphill battle because of the opposition in the Senate and WH. I just don’t think the GOP is doing a good job of negotiating and selling their position. Boehner caved too early and too hard with his proposal. Boehner’s cuts are no more than the cuts in Reid’s plan. If the best the Republicans can do is match liberals, then we are doomed.
“If you take a look at House Speaker John Boehner’s proposal and Senate Majority Leader Harry Reid’s proposal — both of which increase the debt limit and enact deficit reduction in a two-part process — you’ll see that they are more similar than they are different.”
http://www.freerepublic.com/focus/f-news/2754643/posts
Not the first time. Since Reagan, Republicans in the WH and/or the Congress have never done a good job using the power of governing politics. Gingrich pushed the envelope so far, he was sent packing. And Bush43 didn't even know what "bully pulpit" meant. So don't count on the GOP to get smart anytime soon.
It's hard for me to watch Star Trek Voyager when the Klingon with the Pelosi hair style comes on.
With respect to the long demonstrated hellbent nature nearly half of our “countrymen” and the subsequent history of this federation over the last 150+ years. It is clear that our only real long term salvation is likely to come from a total separation of ourselfs from them hellbent upon using the Government to rob us of our rights and property for their own socialists goals.
This I cannot abide, and therefore I am left with but one reasonable desire to be free of the grip of theses leftist big goverment monsters.
To that end I am very much overjoyed at the prospect of their treasured monstrosity shutting down in any capacity.
It is Strategically beneficial to the conservative cause to dispel the leftist idea that the Government is a stable and unshakeable technical to impose their socialistic utopian dreams.
I don’t want the Federal goverment being able to easily borrow money. I want it’s credit rating destroyed, I want lenders to think if they buy federal debt issues in the payment of unconstitutional activity’s, they stand to lose every cent they treacherously invested.
Most importantly I want politicians of today to have to deal with the immediate political consequences of their spending, not pass them consequences on to those that follow, perhaps generations down the line.
Debt and democracy do NOT mix!
Thanks sickoflibs.
;-)
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