| Clearly, you cannot cut government by giving it more ability to borrow and spend. I don't think it is possible for this country to have a more sorry bunch of losers running the show. Again, cut, cut, cut.
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Posted on 07/30/2011 10:29:03 PM PDT by Ernest_at_the_Beach
With the prospect of a government default just three days away, the White House entered intense negotiations with Senate Minority Leader Mitch McConnell on Saturday in a last-ditch bid to forge a bipartisan agreement to raise the federal debt limit.
Shortly after 10 p.m., Senate Majority Leader Harry M. Reid (D-Nev.) announced that talks between McConnell (R-Ky.) and Vice President Biden had made significant progress, prompting Reid to delay a vote that had been scheduled for 1 a.m. Sunday on his own debt-limit measure.
“There are negotiations going on at the White House to avert a catastrophic default on the nation’s debt,” Reid said, after announcing that the vote had been pushed back to 1 p.m. Sunday. “There are many elements to be finalized, and there is still a distance to go before any arrangement can be completed. But I believe we should give everyone as much room as possible to do their work.”
He added: “I’m glad to see this move toward cooperation and compromise. I hope it bears fruit.”
The emerging agreement calls for raising the $14.3 trillion debt limit by up to $2.4 trillion in two stages, with the debt limit rising unless two-thirds of both chambers of Congress disapprove, according to officials in both parties familiar with the talks. That would extend the Treasury’s borrowing authority into 2013, satisfying President Obama’s demand to avoid another showdown over the issue in the heat of the 2012 presidential campaign.
(Excerpt) Read more at washingtonpost.com ...
They want the House to be the ones to vote it down so they can blame them for what the White House decides to not pay.
Yep, Obama and Boehner worked out the script on the golf course, everything has gone according to plan.
That sounds right.
Exactly to the plan.
I wonder when the new freshmen will realize they got used and played by Bonehead and Cantor.
Not if Bonehead and Cantor are still in leadership positions.
There has never before been a tax hike with a debt ceiling increase and the cuts are bogus.
This is by far the biggest debt ceiling increase ever, designed exclusively to get Obama reelected.
| Clearly, you cannot cut government by giving it more ability to borrow and spend. I don't think it is possible for this country to have a more sorry bunch of losers running the show. Again, cut, cut, cut.
|
if there's a default he will blamed and he knows he needs the House to pass it.
It looks like he's giving up on less cuts than hike, one tranch, increasing taxes, BBA, and he's even allowing conditional Medicare cuts (if they don't make the second round of cuts Medicare gets cut).
The left-wing blogs are furious at the Won tonite.
Eventually.
We won't just automatically go in to default. That's up to Obama.
Raising the debt ceiling is a tax increase.
raising the ceiling to 2013?
That’s the only thing these bastards wanted in the first place. That’s the only thing Reid was asked to get for Obama.
If they cave on this, then it’s over. I’m done with this f ing republican party, and you can be sure we lose in 2012.
Who said they would wait until 2013? They want to raise it before Wednesday.
Shortly after, we learned from Boehner and McConnell they'd been talking to Obama for an hour!
Now we see McConnell's been talking to Biden!
When is Reid going to TELL THE TRUTH?
There were multiple opportunities in that very press event to call Reid on lies, misstatements and half-truths as they happened. No follow up came. The Reid version became "gospel" and flooded the airwaves.
The democrats need only 25 republicans to pass a bill in the House. If they get cooperation, they could get it to the floor quickly. If they don’t, it could take months, if ever, for it to come to the floor, iirc.
Wont matter to the Tea Party People,the Rinos and democrats will vote for it and the Tea Party will only get the Blame
Yep - the House has to approve it. Unless of course they decide to go Dim and “assume it to have passed”...
That Dufus McConnell has to go. After this whole exercise the Republicans will make Odumbo the Hero.
McConnell you are a Putz
That Dufus McConnell has to go. After this whole exercise the Republicans will make Odumbo the Hero.
McConnell you are a Putz
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