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

Skip to comments.

White House, Republicans Strike Tenative Deal To Raise Debt Ceiling
ABCNews ^ | July 30, 2011 | Jonathon Karl

Posted on 07/30/2011 8:21:33 PM PDT by Beaten Valve

ABC News has learned that Republicans and the White House have struck a tenative deal to raise the debt ceiling before the Aug. 2 deadline.

It's not done yet, but here is the framework of the tentative deal they have worked out, according to a source familiar with the negotiations:

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS: Breaking News; News/Current Events; US: District of Columbia
KEYWORDS: debtdeal; debtdealcavein; debtdealshowdown; debtgraphics; deficit; deficitgraphics; democrats; republicans; taxes; whitehouse
Navigation: use the links below to view more comments.
first 1-5051-100101-150151-200 ... 451-492 next last
Get the details by clicking story link...
1 posted on 07/30/2011 8:21:38 PM PDT by Beaten Valve
[ Post Reply | Private Reply | View Replies]

To: Beaten Valve

LOL, what’s the funniest thing about this is it looks like the old lady from Nevada wasn’t invited or he was lying about it since he kept saying there was nothing close to a deal.


2 posted on 07/30/2011 8:24:08 PM PDT by F1reEng1neRed
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve

•Debt ceiling increase of up to $2.8 trillion

•Spending cuts of roughly $1 trillion

•Vote on the Balanced Budget Amendment

•Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)

•Committee must make recommendations before Thanksgiving recess

•If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.

A senior White House aide pushed back against the idea that this was a done deal.

“Talks continue, but there is no deal to report,” the aide said.


3 posted on 07/30/2011 8:25:34 PM PDT by submarinerswife (Insanity is doing the same thing over and over, while expecting different results~Einstein)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve
FWIW....

At least there's a vote on a BBA but of course that will go down in flames.

And

Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)

Meh.

Also what is this 2.EIGHT trillion? That's more than...oh never mind.

4 posted on 07/30/2011 8:25:57 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: F1reEng1neRed

I’m sure this will amount to redefining failure as success. Ugh! I’ll take anything that Republicans can beat Obama with, retain the House and take the Senate in 2012.


5 posted on 07/30/2011 8:26:48 PM PDT by Wally_Kalbacken
[ Post Reply | Private Reply | To 2 | View Replies]

To: Beaten Valve

Looks like enough money to push the issue past the 2012 election.


6 posted on 07/30/2011 8:26:52 PM PDT by P.O.E. (Pray for America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve
Get the details by clicking story link...

I'll save myself a click and just assume the position.

BOHICA

7 posted on 07/30/2011 8:26:54 PM PDT by don-o (Abolish FReepathons. Be a monthly donor.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: prisoner6

And the Republicans get an invitation to Hussein’s birthday victory bash?


8 posted on 07/30/2011 8:27:48 PM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Beaten Valve

Something tells me I’m not gonna get kissed, it’s coated in sand, and dry as can be.


9 posted on 07/30/2011 8:27:48 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
[ Post Reply | Private Reply | To 1 | View Replies]

To: prisoner6

Sounds like Boehner and McConnell gave Obama his lifeline. With these numbers, the debt ceiling will not need to be re-addressed until after the election.


10 posted on 07/30/2011 8:27:59 PM PDT by TennTuxedo
[ Post Reply | Private Reply | To 4 | View Replies]

To: submarinerswife

No tax increases.


11 posted on 07/30/2011 8:29:01 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Beaten Valve

Boner/republicans=epic fail


12 posted on 07/30/2011 8:31:01 PM PDT by Founding Father (The Pedophile moHAMmudd (PBUH---Pigblood be upon him))
[ Post Reply | Private Reply | To 1 | View Replies]

To: TennTuxedo; treetopsandroofs
NUTZ!

13 posted on 07/30/2011 8:31:12 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: prisoner6
At least there's a vote on a BBA but of course that will go down in flames.

A nay vote will be an albatross around the neck of RAT candidates up for re-election next year. This is good.

14 posted on 07/30/2011 8:31:28 PM PDT by freespirited (Stupid people are ruining America. --Herman Cain)
[ Post Reply | Private Reply | To 4 | View Replies]

To: submarinerswife

2.8 TRILLION FOR A LITTLE OVER 1.5 YEARS, WHY DO WE HAVE A REPUBLICAN HOUSE AGAIN?????

SOMEONE PLEASE REMIND ME!!


15 posted on 07/30/2011 8:31:46 PM PDT by one Lord one faith one baptism
[ Post Reply | Private Reply | To 3 | View Replies]

To: don-o

i’m shocked, shocked! they said they weren’t even close...

http://www.freerepublic.com/focus/f-news/2755346/posts

We’ve Been Played for Saps, Folks: Boehner Bill Will Become Reid Bill (Rush)


16 posted on 07/30/2011 8:31:50 PM PDT by Elendur (It is incumbent on every generation to pay its own debts as it goes. - Thomas Jefferson)
[ Post Reply | Private Reply | To 7 | View Replies]

To: submarinerswife

If Congress doesn’t approve the cuts they cut the military and Medicare.

How about cutting the foreign aid first, or cut the education Department or the Energy department or the EPA, or ground Air Force One.

But no, they want to screw over the Military and Medicare which is already screwed over by the new Health reform Bill.

By the way why didnt they just cut the whole friggin Health Care Bill that we don’t want and don’t need.?


17 posted on 07/30/2011 8:31:52 PM PDT by Venturer
[ Post Reply | Private Reply | To 3 | View Replies]

To: TennTuxedo

I disagree. I think Obama moved. Boehner’s plan is far from the best, but Obama was losing this in the polls.

This jives with Reid leaving the White House fuming earlier. Obama is going to lay claim to the bi-partisan “moderate” dealmaker and toot his horn over the next couple weeks.


18 posted on 07/30/2011 8:32:00 PM PDT by rjeffries
[ Post Reply | Private Reply | To 10 | View Replies]

To: submarinerswife

Even if BBA goes down in flames = there was an actual VOTE and it’s an issue for the next election.


19 posted on 07/30/2011 8:32:27 PM PDT by TigerClaws
[ Post Reply | Private Reply | To 3 | View Replies]

To: TennTuxedo

1. There has to be a match $ per $ in cut and increase in the debt ceiling.

2. No tax increase. NO TAX INCREASE

3. BBA vote.

It looks like that Paul-Mack plan was included. Prime Face it looks like a pretty good deal.


20 posted on 07/30/2011 8:32:39 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Wally_Kalbacken

Yup..use whatever they can to beat up on the Dear Leader.


21 posted on 07/30/2011 8:33:10 PM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
[ Post Reply | Private Reply | To 5 | View Replies]

To: prisoner6; TennTuxedo; treetopsandroofs

Time to go RINO hunting...again.


22 posted on 07/30/2011 8:33:53 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Perdogg
No tax increases.

That is what I honed in on right away. Obama shafted the left so that he could more favorably position himself for re-election. However, the "No tax increases" needs to be followed with "for now."

23 posted on 07/30/2011 8:33:55 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Beaten Valve
I don't want to cash in values for politics, but folks, we are where we are.

How far is this debt ceiling going to take us? We don't own the Senate or the White House, and until we do, we'll be making deals with the devil.

Let's have this very same conversation again one year from today, and let The Dali Obama explain why he can't curb spending (or, even, get his party to put together a budget) right before we run over him and his comrades like a Tsunami of patriotism at the polling booths.

24 posted on 07/30/2011 8:33:55 PM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
[ Post Reply | Private Reply | To 1 | View Replies]

To: P.O.E.

Looks like enough money to push the issue past the 2012 election.

With this, I don’t care what people say, this is a loss for the republicans. This guarantees obama’s re-election. Our only hope would be if he spends the money before then.


25 posted on 07/30/2011 8:34:06 PM PDT by Terry Mross (I will only vote for a SECOND party.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Recovering Ex-hippie

Is Rick Perry going to explain why Default is a good thing now?


26 posted on 07/30/2011 8:34:14 PM PDT by Paul8148
[ Post Reply | Private Reply | To 21 | View Replies]

To: Perdogg

Agreed.. See my post above. Obama is the one who caved. He didn’t have to cave far because the Boehner deal was pretty light in the britches, but he’s going to be touting his dealmaking ability here and try to recover his approval rating.

DUmmies will be extremely irritated at this deal.


27 posted on 07/30/2011 8:34:31 PM PDT by rjeffries
[ Post Reply | Private Reply | To 20 | View Replies]

To: rjeffries

Obama’s approval is down to 40/high 30s within margin of error. He took the big hit on this.

Republicans need to get what they can and have the BBA and debt mess as a major campaign issue. Obama can’t handle any real discussion on the topic and neither can the rest of the Rats. Republicans will be the only adults in the room.


28 posted on 07/30/2011 8:35:22 PM PDT by TigerClaws
[ Post Reply | Private Reply | To 18 | View Replies]

To: Wally_Kalbacken

If true, I’m surprised Obama agreed to that. Of course, the devil is in the details. There’s always a catch when dealing with RATS.


29 posted on 07/30/2011 8:35:30 PM PDT by F1reEng1neRed
[ Post Reply | Private Reply | To 5 | View Replies]

To: Perdogg

why is no tax increase a big deal? there was never going to be a tax increase. if Obama and the dems didn’t raise taxes in 09-10 they weren’t going to raise them now. so it’s not exactly a win to prevent something tah was never going to happen in the first place.

I think the GOP could have gotten much more. If they had just held firm through tomorrow they could have gotten far more.


30 posted on 07/30/2011 8:35:56 PM PDT by jeltz25
[ Post Reply | Private Reply | To 20 | View Replies]

To: rjeffries
It looks like the GOP got everything they wanted.

No Taxes, repeat NO TAX INCREASE

dollar per dollar cut to increase

Harry Reid gets left out

President has to sign off on cuts to entitlements

31 posted on 07/30/2011 8:36:02 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Beaten Valve

Still has to get through the House, which we control, not Boner


32 posted on 07/30/2011 8:36:09 PM PDT by wolfman23601
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg
No tax increases.

Not so sure about that.

•Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)

33 posted on 07/30/2011 8:36:14 PM PDT by P.O.E. (Pray for America)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Beaten Valve

I’m taking this with a grain of salt until I hear confirmation from more reputable sources. How many times throughout the past several weeks have we been hearing that the GOP-Senate/Obama have agreed on a deal only for it to be false.


34 posted on 07/30/2011 8:36:33 PM PDT by DestroyLiberalism
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve

Until we go in an empty out DC we can only expect the same. Neither party is going to cut spending in any meaningful way. They are too invested in thier own lies they actually believe them now. And, they are so corrupt the ruin every new man and woman that is sent there. See Allen West.


35 posted on 07/30/2011 8:36:33 PM PDT by Conservative9
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

Harry Reid and the Senate Dems look pathetically weak after this.


36 posted on 07/30/2011 8:37:24 PM PDT by rjeffries
[ Post Reply | Private Reply | To 31 | View Replies]

To: treetopsandroofs

$35K per couple! Sure!


37 posted on 07/30/2011 8:38:03 PM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Terry Mross

Explain, The GOP got everything it wanted

NO INCREASES IN TAXES and Dollar per Dollar cut.


38 posted on 07/30/2011 8:38:19 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Perdogg

there is also the pre-turkey Day automatic cuts....the defense cuts were coming in any case, and that could be Pentagon bloating for all we know....don’t like the medicare cuts only because the Dems will use this in the election, but then, the Dems own this too.

there may be more in there that hinges on NOT having it go through to 2012..can’t see it with the posts, may have to read this thing.


39 posted on 07/30/2011 8:38:29 PM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
[ Post Reply | Private Reply | To 20 | View Replies]

To: TennTuxedo
No, it looks like it has to be done by November.

I'm having a hard time seeing ANYTHING Hussein wanted.

40 posted on 07/30/2011 8:38:59 PM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 10 | View Replies]

To: DestroyLiberalism

Excellent point. Not holding my breath though.


41 posted on 07/30/2011 8:39:03 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Perdogg

Mark Levin said they never wanted tax increases because too many dem senators are afraid they won’t get re-elected if they vote for it.


42 posted on 07/30/2011 8:39:19 PM PDT by Terry Mross (I will only vote for a SECOND party.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Wally_Kalbacken
I'm surprised no enemy state has used this window of calamity to put one right down our stack. We're frozen as a nation over our budget with thousands of Washington power elites working their craft.

This was not a good thing, and don't think those who would do us harm were not watching and taking notes.

43 posted on 07/30/2011 8:39:37 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Beaten Valve

2.8 TRILLION?!?!?
WTH?!?!?!


44 posted on 07/30/2011 8:40:03 PM PDT by bushwon ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freespirited

Maybe good politically, but sucks ass for America’s future. I’m not willing to sacrifice my son’s future for a potential Republican political win down the road. Guarantee BBA goes to the states or no debt ceiling increase.


45 posted on 07/30/2011 8:40:05 PM PDT by wolfman23601
[ Post Reply | Private Reply | To 14 | View Replies]

To: jeltz25

It is a big deal because the Senate was holding up this bill over taxes. 0bama just threw Reid under the bus.


46 posted on 07/30/2011 8:40:26 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
[ Post Reply | Private Reply | To 30 | View Replies]

To: jeltz25

jeltz25 wrote:
<<
why is no tax increase a big deal? there was never going to be a tax increase.
>>

**************************************************************

Good point. When has a tax increase EVER been attached to any previous debt ceiling increases? Never. So why should no tax increase on this supposed agreement be considered some sort of victory for our side or America?


47 posted on 07/30/2011 8:41:20 PM PDT by DestroyLiberalism
[ Post Reply | Private Reply | To 30 | View Replies]

To: Perdogg
Dollar per Dollar cut.

Haven't we been down that road before with RR and O'Neil?

I'll believe it when I see it.

48 posted on 07/30/2011 8:42:27 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Perdogg

see post #42

All obama, and the dem leaders, wanted was to get this past the 2012 election. The gop could have had anything they wanted a long time ago if they’d let him have that. All the other stuff by Reid is smoke and mirrors.


49 posted on 07/30/2011 8:42:31 PM PDT by Terry Mross (I will only vote for a SECOND party.)
[ Post Reply | Private Reply | To 38 | View Replies]

To: rjeffries

let him toot his horn, even kill OBL only gave him a 4 month bump.

This is a win for our side if we get cuts and no tax increases.


50 posted on 07/30/2011 8:42:44 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-150151-200 ... 451-492 next last

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