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Reid Aims For GOP Support By Adopting McConnell Debt Limit Plan Fallback Plan
TPMDC ^ | July 29, 2011 | Brian Beutler

Posted on 07/30/2011 1:12:04 PM PDT by Qbert

The Senate adjourned late Friday night without an agreed-upon framework for raising the debt limit. Shortly before this, a source passed to TPM a blueprint of what Democrats hope will be the way out of this imbroglio. It's a copy of what could be Senate Majority Leader Harry Reid's final offer to Republicans in the debt limit standoff.

The gist: Reid hopes to entice Republicans to support his plan in two ways. First, with slightly deeper cuts. Second, by adopting an idea, first proposed by Senate Minority Leader Mitch McConnell, that would delegate the authority to raise the debt limit to President Obama -- and give Congress the prerogative to attempt to block Obama from taking that action.

It does not include any penalties or triggers to force Congress to enact entitlement and tax reforms in the coming months.

The new cuts aren't very extensive. They bring the package's total deficit reduction up to $2.4 trillion -- but only when judged against a slightly outdated January baseline. Judged against the current baseline, the revised plan would still reduce the deficit by $2.2 trillion.

It's unclear if Reid is willing to go any further. Asked if this is Reid's final offer, a spokesman says "This is the last train leaving the station and we hope Republicans will get on board."

Late update: At a late Friday press conference, Reid suggested that the door is still open to further tweak his proposal, including by adding failsafes to assure future entitlement and tax reforms -- but it's up to Republicans to offer up their votes.

"We have a closet full of triggers, people have suggested dozens of them but even though earlier this week, I was sitting talking to Jack Lew about triggers for an hour and a half and we can't get Republicans to move on any trigger. We're not going to have cuts on more programs without some revenue - that is a line we've drawn in the sand," Reid said. "It's up to the Republicans, right now we have a proposal...we are waiting for them to do something, anything, move toward us."

Below is the document:

How The Revised Reid Amendment Compares To The Revised Boehner Bill


TOPICS: Government; News/Current Events
KEYWORDS: debtceiling; debtlimit; harryreid; mcconnell

1 posted on 07/30/2011 1:12:08 PM PDT by Qbert
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To: Qbert

Document link:

http://www.scribd.com/document_downloads/direct/61238228?extension=pdf&ft=1312055452<=1312059052&uahk=2ZrIW22W9u1Zk32dKYx0wLbjQ/c


2 posted on 07/30/2011 1:13:26 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert
"This is the last train leaving the station and we hope Republicans will get on board."

Am I right to sense a bit of arrogance in that statement?

3 posted on 07/30/2011 1:15:37 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Qbert

Not just no...F*&% no.


4 posted on 07/30/2011 1:17:13 PM PDT by jessduntno (Liberalism is socialism in a party dress. And just as masculine.)
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To: Qbert
"I am for a government rigorously frugal and simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers and salaries merely to make partisans, and for increasing by every device the public debt on the principle of its being a public blessing." --Thomas Jefferson to Elbridge Gerry, 1799. ME 10:77

Any bill which leaves any decision on debt ceiling to the Executive Branch, especially under a President whose ideas are such an anathema to America's Constitution, should be rejected firmly.

5 posted on 07/30/2011 1:18:34 PM PDT by loveliberty2
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To: EGPWS

Yep.

And the House can just keep sending up whatever it feels like (Ryan budget again, CCB, etc.), and let Harry be the last one to say no.


6 posted on 07/30/2011 1:19:53 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: EGPWS
This is the last train leaving the station and we hope Republicans will get on board.

Why must the lemmings get on board a train that is headed over the cliff.

7 posted on 07/30/2011 1:28:20 PM PDT by AndyJackson
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To: Qbert

none of the links are working


8 posted on 07/30/2011 1:32:56 PM PDT by Wuli
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To: Qbert

markknoller Mark Knoller
Headline from McConnell who says he’s spoken to the Pres & is confident & optimistic agreement can be reached in very near future.
19 minutes ago
»
Mark Knoller
markknoller Mark Knoller
McConnell says if Pres decides to reach agreement with GOP leaders, most Dems will follow: “We are in those discussions now.”
22 minutes ago
»
Mark Knoller
markknoller Mark Knoller
Boehner says it’s time for the Pres to tell us what he’s for and and to “get out of this cul de sac’s he’s driven us into.”
23 minutes ago
»
Mark Knoller
markknoller Mark Knoller
At news conf with Speaker Boehner, McConnell says he’s spoken to Pres Obama and now blvs an agreement can be worked out in near future.
25 minutes ago
»
Mark Knoller
markknoller Mark Knoller
Sen Minority Leader McConnell says Leader Reid’s debt limit plan rejected by House and cannot win in the Senate. End the charade, he says.
21 minutes ago


9 posted on 07/30/2011 1:42:10 PM PDT by RummyChick
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To: EGPWS
"This is the last train leaving the station and we hope Republicans will get on board.

Notice that the DemonRATs never put up a plan? Then at the last minute, the calls go out, "All aboard!" According to the Republican Senate Budget Committee staff, Reid’s proposal includes gimmicks that, if passed, would account for approximately $3.8 trillion in "revenue." It is one more DemonRAT railroad job that at the last minute we are told to hop aboard with the promise that the land of milk and honey is at the end of the tracks. It is just like how the DemonRATs railroaded Obamacare. That way they avoid the massive citizen calls to make sure that train does not ride.

The DemonRAT Progressivism is a train ride to disaster. At the end is the Death Camp for Capitalism and the American Republic.

10 posted on 07/30/2011 1:42:28 PM PDT by jonrick46 (2012 can't come soon enough.)
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To: RummyChick

“Headline from McConnell who says he’s spoken to the Pres & is confident & optimistic agreement can be reached in very near future.”

Bad news.


11 posted on 07/30/2011 1:53:24 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: RummyChick

Major Garret’s Twitter feed:

MajoratNJ Boehner 2 of 2: “We are dealing with reasonable, responsible people who want this crisis to end as quickly as possible and I think we will.”
26 minutes ago

MajoratNJ Key Boehner quote 1 of 2: : “We are going to be able to come to some agreement with the White House and end this impasse. “
26 minutes ago

MajoratNJ 2nd McConnell quote: “We now have a level of seriousness with the right people at the table that we needed. We’re going to get a result. “
28 minutes ago

MajoratNJ Key McConnell quote: : “Our country is not going to default for the first time in history. That is not going to happen. “1 of 2
29 minutes ago

MajoratNJ McConnell says he has spoken to Obama and Biden within the last hour...expresses confidence a compromise will be reached.
44 minutes ago


12 posted on 07/30/2011 2:01:33 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert

Chuck Todd
chucktodd Chuck Todd
McConnell says they have “right level” of engagement. Sounds like McConnell and POTUS-Biden agreed on some basics. Now, it’s details
43 minutes ago
»
Chuck Todd
chucktodd Chuck Todd
McConnell says he’s now “fully engaged” with POTUS; the dance is done. The dealing has begun
45 minutes ago
»
Chuck Todd
chucktodd Chuck Todd
RT @libbyleist: Reid says he didn’t sked the WH meeting, he got a note to be there at 330p


13 posted on 07/30/2011 2:02:51 PM PDT by RummyChick
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To: Qbert

Dear Harry Reid: Stuff it up your backside with your homosexual agenda pals. And while you’re at it Reid, you can go jump into the Gulf of Mexico, I’m sure you’ll find more evidence to back your position on our current lack of energy policy!
Oh, Mr. Reid, how about reducing your pay as well as paying your fair share of taxes as well? And why aren’t you under the Obamacare medical plan?
If it was SO good, why are you exempt from it?


14 posted on 07/30/2011 2:07:37 PM PDT by Darksheare (You will never defeat Bok Choy!)
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To: Qbert
Way to go Mitch, help them Dims out.
15 posted on 07/30/2011 2:16:19 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: RummyChick

Looks like the final act in the Kabuki dance is about to be played.


16 posted on 07/30/2011 2:42:45 PM PDT by tennmountainman
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To: Qbert

Harry, here’s a bag of Trigger Locks.


17 posted on 07/30/2011 2:45:07 PM PDT by Steven Tyler
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To: RummyChick

What happened to 0bama’s secret plan


18 posted on 07/30/2011 2:47:23 PM PDT by Steven Tyler
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To: tennmountainman

ChadPergram Chad Pergram
From my colleague Trish Turner, who just talked to Reid: “The question is - are we closer to an agreement. The answer is no.”


19 posted on 07/30/2011 2:48:53 PM PDT by RummyChick
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To: Qbert

And here is the appropriate Republican reply as they jerk the congressional purse strings taut: Up yours, baby.


20 posted on 07/30/2011 5:14:36 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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