SPEAKER JOHN BOEHNER's Powerpoint On The DEAL

www.speaker.gov/UploadedFiles/3-7-31-11-Debt-Framework-Boehner.pdf ^ | Updated: July 31, 10:35pm EST | Speaker John Boehner

[Yosemitest]

Speaker John Boehner's Powerpoint On The Deal


TWO-STEP APPROACH TO HOLD PRESIDENT OBAMA ACCOUNTABLE

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.

NO TAX HIKES

‣ Same as House-passed bill, the framework includes no tax hikes.
‣ Under the framework, the Joint Committee of Congress will work off a current-law baseline, as required by the 1974 Budget Act, effectively making it impossible for Joint Committee to increase taxes.

CUTS THAT EXCEED THE DEBT HIKE

‣ Same as House-passed bill, framework includes spending cuts that exceed the amount of the increased debt authority granted to POTUS.
‣Would cut & cap discretionary spending immediately, saving $917B over 10 years (certified by CBO) & raise the debt ceiling by less – $900B – to approximately February.
‣ Before debt ceiling can be raised, Congress and the president must enact spending cuts of a larger amount first.

CAPS TO CONTROL FUTURE SPENDING

‣As in House-passed bill, framework imposes spending caps that would set clear limits on future spending & serve as barrier against gov’t expansion while economy grows.
‣Failure to remain below these caps triggers automatic across the board cuts (“sequestration”). Same mechanism used in 1997 Balanced Budget Agreement.

BALANCED BUDGET AMENDMENT

‣ Same as House-passed bill, framework requires both House & Senate to vote on a BBA after Oct. 1, 2011 but before the end of year.
‣ Similar to House-passed bill, framework authorizes POTUS to request second tranche of debt limit increase of $1.5T if:
‣ Joint Committee cuts spending by greater amount than the requested debt limit hike,
OR
‣ A Balanced Budget Amendment is sent to the states.

‣ Creates incentive for previous opponents of a BBA to now support it.

ENTITLEMENT REFORMS & SAVINGS

‣ Same as House-passed bill, framework creates a 12-member Joint Committee required to report legislation by November 23, 2011 that would produce a proposal to reduce the deficit by at least $1.5T over 10 years.
‣ Each chamber would consider Joint Committee proposal on an up-or-down basis without any amendments by December 23, 2011.
‣ If Joint Committee’s proposal is enacted OR if a Balanced Budget Amendment is sent to the states, POTUS would be authorized to request a debt limit increase of $1.5T.

ENTITLEMENT REFORMS & SAVINGS

‣ Sets up a new sequestration process to cut spending across-the-board – and ensure that any debt limit increase is met with greater spending cuts – IF Joint Committee fails to achieve at least $1.2T in deficit reduction.
‣ If this happens, POTUS may request up to $1.2T for a debt limit increase, and if granted, then across-the-board spending cuts would result that would equal the difference between $1.2T and the deficit reduction enacted as a result of Joint Committee.
‣ Across-the-board spending cuts would apply to FYs 2013-2021, and apply to both mandatory & discretionary programs.
‣ Total reductions would be equally split between defense and non-defense programs. Across-the-board cuts would also apply to Medicare. Other programs, including Social Security, Medicaid, veterans, and civil & military pay, would be exempt.
‣ Sequestration process is designed to guarantee that Congress acts on the Joint Committee’s legislation to cut spending.

[Yosemitest]

That sound like a good read for an academic paper.
Keeping the "useful idiots" occupied with beer, sports, drugs, and sex, while they rob them blind....
is a tactic the Democrats National Socialists dearly love, and practice as often as possible.
It reminds me of Leadership School in the military, and talking about projection bias or psychological projection.
That's what was on display today, with all the psychotic liberals blaming the TEA Party for being terrorists.
Don't work too much on trying to find that paper.
But if you do find it, let me know.

[dajeeps]

It’s more of the same crap sandwich. This thing is bad, no doubt. And there are a lot of other things that are clogging up the ability to grow in addition. Just cutting spending isn’t going to fix this hellish kind of nightmare.

[familyop]

Well said and agreed. I was an instructor in Army Reserve schools (yes, PLDC and other). The focus was combat, though, so I don’t recall having seen material about projection. But after nearly twenty years of being interested in propaganda studies (self-studies beginning with pro-family volunteering and advocacies), I’m acquainted with it.