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GOP on verge of huge, unprecedented political victory
The Washington Post ^ | 07/31/2011 | Greg Sargent

Posted on 07/31/2011 4:21:56 PM PDT by MinorityRepublican

By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.

Anything can happen, but it apppears the GOP is on the verge of pulling off a political victory that may be unprecedented in American history. Republicans may succeed in using the threat of a potential outcome that they themselves acknowledged would lead to national catastrophe as leverage to extract enormous concessions from Democrats, without giving up anything of any significance in return.

Not only that, but Republicans — in perhaps the most remarkable example of political up-is-downism in recent memory — cast their willingness to dangle the threat of national crisis as a brave and heroic effort they’d undertaken on behalf of the national interest. Only the threat of national crisis could force the immediate spending cuts supposedly necessary to prevent a far more epic crisis later.

Under the emerging deal, President Obama can hike the debt limit in two stages — the first in exchange for equivalent cuts; the second after a Congressional committee comes up with second round of yet more cuts, including to entitlements. The talks appear close to resolving the spending cut“trigger” that would force the committee to act — without giving the GOP an incentive to deliberately sabotage its work. The remaining question is how to get it through the House. But a deal seems immiment.

Again and again, Dems drew lines in the sand that they promptly erased as the threat of default grew. A clean debt ceiling hike? Dropped. Cuts to Medicare benefits? They’ll likely be in that committee’s crosshairs. The insistence on revenue hikes? Withdrawn.

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


TOPICS: Business/Economy; Editorial; Government; News/Current Events; Politics/Elections
KEYWORDS: beohner; debtceiling; debtlimit; default; demslose; victory
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To: moovova

Sam Youngman
samyoungman Sam Youngman
Dem familiar with negotiations says everyone’s on board; just waiting for Boehner
11 minutes ago


51 posted on 07/31/2011 4:56:36 PM PDT by RummyChick
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To: MinorityRepublican

From what I can see the overseas markets aren’t panicking. It’s going to be interesting to see the DJ tomorrow after no vote has been taken.


52 posted on 07/31/2011 4:57:20 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: MinorityRepublican

Must be free crack day in DC.


53 posted on 07/31/2011 4:58:03 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: GeronL

It wasn’t a victory of any kind. Any cuts “in the out years” will never happen.


54 posted on 07/31/2011 4:58:07 PM PDT by rbg81
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To: edge10

ditto.


55 posted on 07/31/2011 4:59:23 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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The best part: It will be passed by just Dems and RINOs.

Pelosi has been told to get the votes.


56 posted on 07/31/2011 4:59:30 PM PDT by mrsmith
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To: Semperfiwife
Who in Congress is collecting Social Security $$$$?

Pelosi? Reid?

57 posted on 07/31/2011 5:00:02 PM PDT by Paladin2
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To: Semperfiwife

Great idea. They all want a means test for SS. They should be means tested.


58 posted on 07/31/2011 5:00:08 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: MinorityRepublican

“...the debt ceiling is hiked in exchange for the promise of major spending cuts...”

That’s all you need to know. The GOP caved, AGAIN. There is no acceptable reason to raise the debt ceiling. But...Boner and the RINO’s got a ‘promise’...

They should all resign.


59 posted on 07/31/2011 5:00:24 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: jimbo123
Is that Rush's kitty-cat in that trap?

I love me some Rush, but I was getting tired of hearing the “trap/trick” theme on his show last week.

Still...I love me some Rush. Can't wait to listen to him tomorrow!

60 posted on 07/31/2011 5:01:36 PM PDT by Pigsley
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To: MinorityRepublican

” By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending ..”

..... and wapo wants to sell that as victory for GOP

not in my life time


61 posted on 07/31/2011 5:01:43 PM PDT by SF_Redux (Sarah stands for accountablility and personal responsiblity, democrats can't live with that)
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To: edge10

Took the words out of my mouth. This just feels like all those movie plots where a guy is sure he wished correctly, only to find there was a great big loophole and he’s screwed.

This is all too complicated by half.


62 posted on 07/31/2011 5:01:47 PM PDT by CharlesWayneCT
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To: MinorityRepublican
Well, MP, Shep Smith on FOX is showing his true colors today.

The guy needs to be put out to pasture.

63 posted on 07/31/2011 5:01:59 PM PDT by Balata (It's 'WE THE PEOPLE' Obama, not 'WE THE SHEEPLE'!)
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To: RummyChick
They are laying the increase in debt at the feet of the republicans, Obummer plans on running against their refusal to control the debt. So it is all their fault, the ink will not be dry before Obummer says, your children and grand children have this enormous debt because the republicans are the party of the rich. Damn. Said that was what would happen several days ago.
64 posted on 07/31/2011 5:02:33 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: MinorityRepublican
GOP on verge of huge, unprecedented political victory -- Washington Post

SUCKERS !

65 posted on 07/31/2011 5:03:11 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: MinorityRepublican
Obama lost on almost every point.

That's a very good thing.

66 posted on 07/31/2011 5:03:11 PM PDT by what's up
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To: Paladin2

Even cutting the rate of increase can bring Federal spending under control as the rest of the economy grows. Perhaps I should say “if” the rest of the economy grows, but when there is less money being taken by the Feds, there’s more money to spend hiring people and paying down the debt to a manageable level.

Next - balanced budgets and deficit reduction.


67 posted on 07/31/2011 5:05:51 PM PDT by GAB-1955 (I write books, love my wife, serve my nation, and believe in the Resurrection.)
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To: MinorityRepublican
True or not, it doesn't amount to a hill of beans!

2.4 trillion dollars cut with an established debt of 14 trillion and the baseline budgeting process equals to loads of smoke and mirrors.

Remember, no Congress is bound by what past Congresses have done. So the “cuts” aren't cast in stone.

As I understand it the 2.4 trillion is over a decade; i.e., 240 Billion a year of promised cuts. But with baseline budget automatically forecasting an 8 % growth every year this means we don't reduce the debit a penny!

Math check. Let's say the Federal Budget in 2012 has a deficit of 1.4 trillion. We are going to cut the deficit down to 1.16 trillion. Whoopee, Kalabunga, Dung heap! In 2013 the Federal Budget grows an automatic 8 per cent; without increased revenue (aka taxes) this translates as over 110 billion of increased deficit. Now the debit is 1.5 trillion; but it is reduced to 1.26 trillion (1.5 trillion minus 240 billion). In two years the debit has grown 2.4 trillion and we have eight more years to run.

I don't expect the GDP to resume even a modest growth rate by 2013/14. It looks as if this year we might achieve a 2 % growth if we are lucky.

Until cuts are immediately applied and sustained nothing coming out of Congress or the White House should regarded as anything but political lies of the worse kind.

68 posted on 07/31/2011 5:06:15 PM PDT by Nip (TANSTAAFL and BOHICA)
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To: MinorityRepublican

Greg Sargent is a DNC sock puppet, Obama stenographer and the Leni Riefenstahl of the federal bureaucracy.

If he’s congratulating anyone to the right of Bernie Sanders, he’s lying.


69 posted on 07/31/2011 5:06:35 PM PDT by WeatherGuy
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To: MinorityRepublican
Anything can happen, but it apppears the GOP is on the verge of pulling off a political victory that may be unprecedented in American history.
...in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.

Total BS!!

This type of promise have been made at least 5 times in recent history, and not a single one, ever, has been delivered by the criminal "Democratic" party.

That's just for starters.

Add to that the "promise of cuts in future years (Ha ha) and the rise in the legal debt limit immediately.

We've gone from a dismal scenario to an "utterly dismal scenario!"

Paying down the debt will get easier, as the total debt increases. Uh Huh.
< /sarc >

70 posted on 07/31/2011 5:08:13 PM PDT by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: GAB-1955

It depends on who wins the growth race, spending or expanding economy driven gov’t revenue. If spending growth rate wins, we loose.


71 posted on 07/31/2011 5:08:35 PM PDT by Paladin2
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To: Terry Mross
I remember during the 1992 Gore constantly crapped on Bush for the “largest tax increase in history”. Never mind that Gore voted for it. Of course the press never mentioned that fact.

Nor did Bush.

72 posted on 07/31/2011 5:09:10 PM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Tzimisce

I still can’t find that part in the proposal about the Republican House defunding Obamacare.


73 posted on 07/31/2011 5:10:55 PM PDT by daler
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To: MinorityRepublican
Republicans may succeed in using the threat of a potential outcome that they themselves acknowledged would lead to national catastrophe as leverage to extract enormous concessions from Democrats, without giving up anything of any significance in return.

The increase in the debt limit IS a significant concession, fake journalist.

74 posted on 07/31/2011 5:13:17 PM PDT by Recovering_Democrat
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To: MinorityRepublican

Greg Sargent is such a drama queen...

You can not rely on anything that Greg Sargent says as actually being true.


75 posted on 07/31/2011 5:15:03 PM PDT by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
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To: Paladin2

So we keep choking the spending growth rate as we can.


76 posted on 07/31/2011 5:17:49 PM PDT by GAB-1955 (I write books, love my wife, serve my nation, and believe in the Resurrection.)
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To: edge10

Amen! And since they will specify that the fictitious “cuts” will be done over at least A DECADE, they will NEVER HAPPEN AT ALL!

I wish I knew how to post photos. I’d love to put up a huge lollypop for all the SUCKERS who think the GOP actually did something for the good of the Country here.

All they did was to put us in hock to the ChiComs another $3 TRILLION, and left Obluffer slip off the hook from having to face up to his ruination of our economy, come November 2012!

One more giant step toward Cloward & Piven! Way to go, GOP! I’m about to lose my sanctification and go to cussin’ here! He’p me, Lord. Please he’p me!


77 posted on 07/31/2011 5:18:02 PM PDT by Tucker39
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To: MinorityRepublican

without giving up anything of any significance in return.
***um, the debt ceiling is getting hiked... not that these guys would consider that something in return.


78 posted on 07/31/2011 5:19:44 PM PDT by Kevmo (Turning the Party over to the so-called moderates wouldn't make any sense at all. ~Ronald Reagan)
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To: MinorityRepublican
without giving up anything of any significance in return.

They added 2 trillion in debt!

79 posted on 07/31/2011 5:20:56 PM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: MinorityRepublican

Somehow since this is the Wash Po, I see this headline as a coded message encouraging the democrats to keep fighting


80 posted on 07/31/2011 5:25:13 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: GAB-1955

Quite a few are choking the revenue side by going Galt.


81 posted on 07/31/2011 5:26:55 PM PDT by Paladin2
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To: All
If the GOP retakes all three branches of Government, no REAL cuts will occur.

No government agencies will be ended.

We are as gullable as the GOP leaders we mock for believing the Democrats.

We had control of the Government and spending INCREASED.

82 posted on 07/31/2011 5:27:22 PM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: RummyChick

this is a plausible scenario under which the WasPo would write such a glowing article claiming GOP “victory”

they have an agenda, praising a GOP victory is not on that agenda


83 posted on 07/31/2011 5:27:59 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: edge10

If the WaPo calls it a deal, we got screwed.


84 posted on 07/31/2011 5:28:39 PM PDT by Venturer
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To: GeronL

“They are letting the debt lmit be raised passed the election... victory Obama”

This really was the driving issue, not just for Obama, but for Democrats running for office. It’s the main thing they really wanted. That’s why they wouldn’t pass a budget; the side effects were politically toxic for them.


85 posted on 07/31/2011 5:28:51 PM PDT by Starboard
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To: what's up

Obama got another 2 trillion dollars to spend, how is that a loss?


86 posted on 07/31/2011 5:30:26 PM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: MinorityRepublican

Republican excuses: “We can’t cut federal spending right now because __________________________________________ (fill in the blank: “My dog ate my homework,” “My car ran out of gas,” etc. etc.).


87 posted on 07/31/2011 5:34:19 PM PDT by NoControllingLegalAuthority (Where is the middle ground on insolvency of the United States government?)
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To: MinorityRepublican

If WaPo is saying the pubbies won, I have one word for them, FAIL.


88 posted on 07/31/2011 5:37:12 PM PDT by Sea Parrot (Obama may not be a natural born citizen, but there is no denying that he is a natural born liar.)
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To: Paladin2
Uh, wouldn't those be just minor rate of increase reductions?

Geez, you're such a stickler.
89 posted on 07/31/2011 5:39:40 PM PDT by andyk (Interstate != Intrastate)
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To: grobdriver
Don't think your math is correct. Total is 2.4 Trillion and Commission has to come up with 1.5 Trillion which means he only gets 900 Billion (.9 Trillion) unless I read it wrong. If your math is correct and the doofus gets 2.5 Trillion now then we all need to order a case of Vaseline for the BOHICA moment.
90 posted on 07/31/2011 5:40:17 PM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER than a TEA BAGGEE.)
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To: MinorityRepublican

The Com-Post is just angry because the crisis that they have been pushing is not having the results they want, i.e. the Republicans didn’t cave like they always have.


91 posted on 07/31/2011 5:40:37 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: edge10

Bingo. Any budget bill that raises the debt ceiling, does not include significant and immediate spending cuts, raises taxes or does not contain an enforceable balanced budget requirement is a defeat for conservatives.


92 posted on 07/31/2011 5:41:40 PM PDT by dools0007world (uestion)
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To: MinorityRepublican
If this is a victory I'd hate to see what an ass-whupping looks like.


93 posted on 07/31/2011 5:41:45 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: MinorityRepublican

The real question about this so-called “deal” is ... do we as tax payers at least get a Reach-around?


94 posted on 07/31/2011 5:43:22 PM PDT by CapnJack
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To: Gene Eric
Dunno what the hell you're talking about. The next budget comes up before little Obammy gets his campaign, and regardless, he has come out looking like, as I said (to remind you) an impotent silly child.

This did not benefit the Dems at all. It was not the Tea Party's dream, for sure, but anyone who thinks the Dems "won" anything on this needs to reexamine.

95 posted on 07/31/2011 5:43:51 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: cashless
I hope you're right

My case arrives Wednesday.

96 posted on 07/31/2011 5:45:32 PM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: MinorityRepublican
Surprise !
Another rectal cranial insertion from the friendly marxist toadies at the Post.
97 posted on 07/31/2011 5:46:33 PM PDT by tomkat (Palin/West)
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To: MinorityRepublican

So the Republicans got the deck chairs arranged the way they wanted, but the Titanic is still sinking. What a great victory.


98 posted on 07/31/2011 5:46:47 PM PDT by Rocky (REPEAL IT!)
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To: Iron Munro
If this is a victory I'd hate to see what an ass-whupping looks like.

Ask and ye shall receive
99 posted on 07/31/2011 5:49:09 PM PDT by tanknetter
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To: MinorityRepublican

Like last time, the compromise will be “you the GOP let us win, and in return, we’ll go out telling the world how you whipped us.”


100 posted on 07/31/2011 5:51:29 PM PDT by MNDude (so that's what they meant by Carter's second term)
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