Skip to comments.Reid backs debt deal if other Democrats will: aide
Posted on 07/31/2011 2:52:21 PM PDT by mdittmar
(Reuters) - Senate Democratic leader Harry Reid will support the tentative debt-ceiling deal as long as other Democrats back it as well, a spokesman said on Sunday.
(Excerpt) Read more at reuters.com ...
I’m taking bets on Harry winning the Portrait in Courage award.
Reid has caved. Let’s see if Obama will.
Where’s DeMint with the filibuster he promised?
Oh...he was only kidding? Never mind, then.
What would that number equal?
Second time DeMint does that
This tells me that both DeMint and Paul know the bill is dead, and they can save some political capital in the process.
Of course, I could be wrong, but even Dingy Harry is backing away from his own bill.
They didn’t need to filibuster. Reid’s bill was defeated outright.
The state run liberal “media” are still trying to make their boy, Stinky Harry, appear to be relevant. Once this is all said and done, expect Stinky’s toadies in the “media” to trumpet how “lucky” America is that the commie union thugs and freeloading illegal aliens sent Stinky back to the Senate.
> Ronald Reagans First Term $656 billion increase
> Ronald Reagans Second Term $1.036 trillion increase
> George H.W. Bushs Term $1.587 trillion increase
> Bill Clintons First Term $1.122 trillion increase
> Bill Clintons Second Term $418 billion increase
> George W. Bushs First Term $1.885 trillion increase
> George W. Bushs Second Term $3.014 trillion increase
> Barack Obamas First Year $1.573 trillion increase - on line (and about to receive clearance to go over $7Trillion in ONE TERM).
Now that is REAL leadership. “I support it... maybe... maybe not.”
Obama already caved. Reid is just taking his cue.
Reid is the caviest of all cave-men.
>> Obama already caved. Reid is just taking his cue.
They’re not caving, it’s a calculation for 2012.
The GOP essentially capitulated.
The negativity is astounding here. You don’t turn the Titanic on a dime.
No new taxes and a reasonable path to continue the turn is what is needed.
Hopefully no triggers to tempt Democrats to decimate Defense. If that is avoided then this is going to be a major change in the tide.
Some folks don’t seem capable of noticing. With control of only one of three levers, that is an impressive victory for the Republic.
To bad they couldn't,it was unsinkable after all.
... the proposal calls for severe across-the-board cuts as the action-forcing device - cuts affecting Democratic domestic priorities, including Medicare, but also about 50 percent would come from defense spending, which is a major priority for many Republicans.
Considering that defense is only 20% of the budget, with 80% being everything else, this means draconian cuts from defense and trivial amounts from everything else.
Reid and Obama are getting everything they want. They are now negotiating between two bills that they wrote, though one of bills has Boehner’s name on it.
I can easily see McCain and his pal Lindsey Graham signing on so that leaves one more needed. Could be Chambliss, could be Crapo, both of the "Gang of Six" who undermined "Cut, Cap & Balance." Could be Kay Bailey Hutchison. It won't be hard to break filibuster on this.
Boehner will have a harder time in the House with Republicans but Dems will be voting for this thing. He can lose the 50 freshman, Bachmann, Paul, McClintock and more but pass this with Dem support.
Either way the final roll call votes will be interesting. Maybe more interesting than the "deal" itself.
A "NO" vote on this will be spun as voting for default in any competitive GOP-held district in 2012. I suspect Allen West will vote "YES" on the deal and tantrum tp types should understand the context before running him down. We'll see how it goes.
It's time to accept the ground gained here and move on to battle for the next hill and remember we could've had more if not for the wobbly do-nothing Senate and Obama, the-man-with-no-plan. The House, and its leadership, were not the problem.
Reid, a paragon of leadership and courage shouted: “Me too, you first!”
Wow, what principles!
Reid: "Leadership? We're all out of it over here!"
Just like Barry, Reid is leading from behind.
Sorry, BUt I still sell a rat. If this bill contains no new revenue enhancements which the BO and the Demons were screaming about during this whole ordeal, and bonehead is going to need the votes of democrats in the house to pass it, this will be the time for the rats to try to insert tax increases into anything that comes out of it.
This leading from behind stuff is catching on with the ‘rats.
The RATS internal polling data must be really bad. America doesn’t want their euro-socialism.
I did some "back of envelope" numbers:
If the ceiling rises $2,400 billion, that leaves $1,500 billion of "across the board cuts." If half of those come from defense that's $750 billion over 10 years. The 2010 defense budget was $664 billion including "overseas contingency operations."
In other words, worst case, it's the equivalent of defense getting $0 in ONE of the next 10 years. That sounds terrible but to look at it another way, it's only $75 billion off per year.
However that's more than the baseline increase for at least half those 10 years.
This could be a genuine cut upfront in defense spending.
If the defense budget grew only at baseline levels (7.5%) it would only be $125 billion below where it would otherwise be 10 years from now (roughly $1,267 trillion vs $1,342 trillion) and it looks like in the last 4 years of that 10 the $75 billion would be less than the baseline increase.
If those defense cuts excludes the "war savings" Reid tried to call "cuts," the picture may be much bleaker for defense.
The details really matter here.
I'd expect Democrats to claim it's a relatively small cut, entirely reasonable, by emphasizing the $75 billion. Conversely I'd expect neocons to go the "it's like defense gets $0 for a whole year" route in rhetoric.
Man I sure hope Obama misses his $35,000 a plate birthday party!
A moment worth celebrating.
Now thats what I call leadership.
Senate Democratic leader Harry Reid will support the tentative debt-ceiling deal as long as other Democrats back it as well
7:49pm | “A sugar-coated Satan sandwich.”
That’s what Rep. Emanuel Cleaver (D-MO) called the plan currently being formulated to raise the debt ceiling.
Yeah, but this is cutting into Ramadan time. He needs to go into hiding for a while.
If Obammie and his Commies raise the debt limit enough, they will likely be able to pump the economy enough to coast through the 2012 elections.
If he wins again, we have gained nothing but will in fact, lose the entire effing nation.
This is one of the few times that the left has backed themselves into an economic corner where we have the ability to bankrupt THEM and their spend-to-buy-votes electoral strategy...if we stick to our guns.
WE HAVE TO STOP THIS SPENDING BS NOW.
Now there’s some leadership qualities for ya. ;’) Thanks mdittmar.
"All women come to the front...OK, Ladies, you lead and I'll be right behind you...Oh, wait, let's get the children up front, too."
With 27 million Americans out of work, he’s getting ready to throw a birthday-party extravaganza, followed by a month at Martha’s Vineyard chomping on lobster tails.
Yeah, he’s a real man of the people, alright.
8:32pm | Reid on the floor says leaders have reached a ‘historic bipartisan compromise’.
Reid: Neither party, neither chamber can do this alone.
8:28pm | President Obama will make a statement in the WH briefing Room at approx. 8:40 PM eastern.
I would love that to be the case.
But, we have to be realistic here. If this gets pushed too far, it could damage the Tea Party's influence and momentum.
It is crap and trickery. It is like dropping a penny in the kitty once a year to pay off the mortgage. REJECT IT!
My contribution in italics. Those Republican and Democrat presidents were throwing away money back when a dollar was really worth something. Obama is just quantitatively different.
Pelosi, true to form wants to block cuts to any social programs. Smells of Rats.