Posted on 07/31/2011 7:19:33 PM PDT by MontaniSemperLiberi
Here is the first set of bullets from a seven page pdf,
Emerging framework has three main features:
(1) cuts government spending more than it increases the debt limit;
(2) implements spending caps to restrain future spending;
(3) advances the cause of a Balanced Budget Amendment Framework accomplishes this without tax hikes, which would destroy jobs, while preventing a job-killing national default.
Read the whole thing (small file): http://www.speaker.gov/UploadedFiles/3-7-31-11-Debt-Framework-Boehner.pdf
(Excerpt) Read more at speaker.gov ...
So let me get this straight. The Pubs have consistently rejected tax increases with the looming default and they are more than 16 months away from facing the electorate and about 8 months or so in many cases from facing primary opposition. But you are concerned they will somehow decide to accept tax increases when they are 11 months away from the electorate and 4 months or so in many cases from facing primary opposition. That’s laughable.
BS
1) Conservatives ....read the posts and comments here at FR to see the lists
2) Liberals/Progressives don't want any spending cuts , and certainly not without tax increases
3) Republicans, the potential defense cuts that look much more aggressive than the medicare cuts if the trigger goes off
The entertainment will be watching the Libs/progressives who are freaking out that they got nothing and are going to tell Obama he must claim the 14th Amendment allows him to raise the Debt limit unconditionally/without cuts. They are having a really bad night losing faith in their hero(he will get them all back next year).
Boehner wont be replaced as Speaker this session. Easy prediction.
FNC/FNB Cavuto did a series of live shows this weekend and said those in power want to see a stock market dive tomorrow to soften up some votes. He just said that the first budget cuts don't go into effect until 2013 AFTER THE ELECTION, the typical scam as the new congress wont be bound by it!
Stay tuned!
Thanks MontaniSemperLiberi.
” FNC/FNB Cavuto did a series of live shows this weekend and said those in power want to see a stock market dive tomorrow to soften up some votes. He just said that the first budget cuts don’t go into effect until 2013 AFTER THE ELECTION, the typical scam as the new congress wont be bound by it!
Stay tuned! “
Nah....I bought property on the beach in Austrailia over a year ago. I’m set, I saw this coming, as all of my posts so clearly indicate : )
As with the Ryan Medicare plan, Tea Party conservatives in some cases and certainly Republicans are hung up with ‘long term reforms’ that are non-binding versus real budget cuts in FY12 that this congress is responsible for. That loses me.
Moodys' has said that it may downgrade the USA credit rating because to them the issue is can the federal government support its debt obligations, not if the debt ceiling can be raised.
So (in my opinion) to retain an AAA credit rating, serious spending cuts will be needed and this will need to be sold to the American public. If WA-DC gets cold feet or tries to do things that endanger the economy, the US bond rating goes down and the amount of money that will need to be spent on federal debt interest skyrockets!
That will require one of three unlikely political outcomes (1) an additional hike in the debt level will be needed (to borrow added interest —to which the markets will say that interest rates need to be even higher, (2)politicians who resisted cuts at one level will need to chop even deeper to avoid another debt level increase, and/or (3) some magic source of tax revenues will need to be found (and if it is proposed through tax increases, most will understand the negative impact on jobs and the economy.
Brilliant.
Count on it. The whole point of this "super committee" is to give them political cover for doing so.
They also discussed several trigger mechanism that if the committee fails to make the minimal cuts, draconian cuts go into effect in 6 months.
And how the BBA is worded into this legislation, but never needs to have action taken on it to present to the states.
All in all it really sounds like this is a bad deal for the country and a sham.
Billy talks with Peter Ferrara about our government at work and takes your phone calls.
If I understand the “Super Committee” correctly it cedes the House GOP’s control to a laughable “bi-partisan” committee.
And this comes from Boehner whose party was locked out of discussions in the last Congress by Mad Nancy Pelosi.
What the hell is wrong with these people? It transcends stupid, it signals collusion with the enemies of the Republic.
As far as Power Point Presentations, the meant jacks**t when I was in business and they still don’t impress me. Just colored smoke somebody’s trying to blow up my butt.
Let’s see the final text of the bill after the lobbyists and. anonymous staffers have at it. And we all know they have the country’s best interests at heart.
Time to inspect and tune up some items in storage.
BOHICA
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