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Potential Debt Limit ‘Plan C’ Emerges, Democrats Say
FOXNEWS ^ | July 28, 2011 | By Ed Henry

Posted on 07/29/2011 3:29:15 AM PDT by Son House

These Democratic officials see three steps to a compromise and they stress that the White House believes the first two steps are not necessarily that difficult, while the third one -- the trigger mechanism -- will be the flashpoint.

Part One of the emerging compromise involves the spending cuts in the Boehner and Reid plans, which the Democratic officials note have some overlap and can be bridged relatively easy.

Part Two involves the fact that both Boehner and Reid want to set up a special committee of Congress to come back with a second round of spending cuts -- and possible tax changes -- in a few months. While there are differences to their committees, this is another area where the Democratic officials see a lot of overlap.

Part Three is the sticking point, and that is what "trigger" mechanisms are in place to incentivize action by this special committee to make sure it is not just yet another Washington commission that ends up doing nothing.

For example, Democrats want to make sure that if Republicans walk from those talks, there might be some tax increases that would kick in automatically -- giving the GOP incentive to stay and work out a deal.

At various phases of this debate, Republicans have tried to tie implementation of the president's health care reform bill to this process -- so perhaps the individual mandate would be stripped out if Democrats walked from the talks. Clearly, this is a huge sticking point -- what kind of incentives and penalties will be tied to all of this.

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


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: debt; limit; plan; potential
The Democrats have gotten a free pass on not solving the underlying financing issue while state run media portrays the Democrat position as a viable solution to negotiate with...

And if Bret Bier and Rush Limbaugh can find out a $4 trillion dollar cut is not enough to keep from a downgrade, Democrats know too.
1 posted on 07/29/2011 3:29:20 AM PDT by Son House
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To: Son House

posted here

http://www.freerepublic.com/focus/f-news/2755508/posts


2 posted on 07/29/2011 3:36:11 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Son House

Democrats had plenty of time to draw up a plan when they were in charge of the House. This should be said and any plan they come up with should be shelved cause there is already a plan waiting to be voted on.


3 posted on 07/29/2011 3:47:12 AM PDT by eaglestar
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To: eaglestar

Screw a Special Commission and triggers. The Dems just want to be able to hike taxes, plain and simple.


4 posted on 07/29/2011 4:40:24 AM PDT by mrs9x
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To: Son House

Why will Harry Reid not take the first CCB legislation off the table, merge it with whatever the Senate has, and send that back to Congress?


5 posted on 07/29/2011 4:45:23 AM PDT by Steven Tyler
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To: Son House
Note to Democrats and GOP Establishment

C.C.B was the compromise. If this is such a crises, take that off the table in the US Senate and pass it.

6 posted on 07/29/2011 4:48:31 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Son House

Dream on, dems.


7 posted on 07/29/2011 4:55:28 AM PDT by ScottinVA (As a party that gives Obama what he wants, what again is the GOP`s 2012 selling point?)
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To: Son House
The underlying financial issue

We do not have a finance issue.

We have a money issue.

Finance is a tool, to manage money. When the underlying money system is without substance, the tools of finance don't work, can't work.

8 posted on 07/29/2011 5:02:51 AM PDT by Jim Noble (To live peacefully with credit-based consumption and fiat money, men would have to be angels.)
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To: Son House

Like an impending divorce, there are irreconcialable differeces that won’t be patched over anytime soon.

One way out of this morass, surely a compromise, is to (in the House) simply pass a simple increase in the debt ceiling, no strings attached. We know the real fight is later on anyway, when we hope more fiscal conservatives are elected to both chambers and the presidency.

That extension should be south of $1Tr. By making it smaller than what the administration asks for, we keep some of the leverage. It is uncomplicated - Mr. President, here is a lot of money you can borrow to pay all the bills for a period of time. We’ll have to go through this again next year before the next election, but what is wrong with reminding the voters again what is at stake.

How could the president turn this down. If he did, wouldn’t it be plain to see that it was he, who extended the crisis?


9 posted on 07/29/2011 5:11:25 AM PDT by omni-scientist
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To: Son House
The special commission will do nothing more than give the democraps talking points about republicans refusing to be responsible about the debt, and the rich not paying their fair share. Damn boner and the rino leadership have grabbed defeat out of the jaws of victory one more time.
10 posted on 07/29/2011 5:29:48 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: omni-scientist

ROFLOL, just cave a little at a time and keep telling charlie brown to kick the ball, nice plan, did I cover all of your points. I think I did, but I left out all the weasel words.


11 posted on 07/29/2011 5:33:24 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: Son House

“Plan C”? The Democrats still haven’t submitted a “Plan A” yet!


12 posted on 07/29/2011 5:43:07 AM PDT by kevkrom (This space for rent.)
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To: Son House

Here’s a transcript:
Dems: So...where’s your plan?
Repubs: We’ll agree to give you what you want, but you’ll have to agree to stop spending so much.
Dems: Your plan sucks!
Repubs: Ok, then we’ll put forward more of what you want...but still make it appear like we’re doing something for the people...
Dems: Not good enough! Your plans is full of stinky doodoo..
Repubs: Well, where the heck is YOUR plan?
Dems: We don’t need one....you guys are all to blame for everything.
Repubs: Wha? Ok, you guys are lame. We’re not bending anymore, but here’s a plan that will continue to kick the can down the road and pretty much do nothing to change anything...
Dems: You suck! And you’re racist, bigoted, lying, Christmas killers.
Repubs: I’m taking my ball and going home, if you don’t play nice.
Dems: Waaaaah.... Mommy, the republicans hit me....


13 posted on 07/29/2011 5:49:52 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: omni-scientist

ROFLOL, just cave a little at a time and keep telling charlie brown to kick the ball, nice plan, did I cover all of your points. I think I did, but I left out all the weasel words.


14 posted on 07/29/2011 5:52:28 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: org.whodat

I’m waiting for the day when Lucy yanks the football away and Charlie Brown ignores the football and kicks her in the head. HARD!


15 posted on 07/29/2011 8:17:17 AM PDT by Sal (Charlie Brown, ignore the football. Kick Lucy in the head instead. HARD!)
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To: Sal

Ha, ha, maybe it is now.


16 posted on 07/29/2011 9:47:40 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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