Posted on 08/01/2011 7:12:48 AM PDT by Recovering_Democrat
...The big picture is that the deal is a victory for the cause of smaller government, arguably the biggest since welfare reform in 1996. Most bipartisan budget deals trade tax increases that are immediate for spending cuts that turn out to be fictional. This one includes no immediate tax increases, despite President Obama's demand as recently as last Monday. The immediate spending cuts are real, if smaller than we'd prefer, and the longer-term cuts could be real if Republicans hold Congress and continue to enforce the deal's spending caps.
(Excerpt) Read more at online.wsj.com ...
Speaking of F.R. donors, am I the only one here who keeps getting a window opened to the “contribute to F.R. by secure server” page?
I am already a monthly donor.
I’m so proud I’m going to walk to the poll in the opposite direction.
The editorial page of the WSJ is an Obama hand maiden?
What planet do you live on?
You guys are full of crap.
I am starting to wonder why I read you anymore.
+1
Let him be.
He’s argumentative.
I just zipped past his postings this morning and looks like he’s egging everyone on, so he can get validation by being a snarky contrarian.
Happens to me too.
Our side controlled everything 2005-2007. We blew it in terms of doing anything about the debt. Many of those same folks are still in leadership positions today. We could control everything again and I bet there would be similar excuses that we don't have 60 folks in the Senate, which would enable the Dems to block our agenda. I am afraid the Rep leadership doesn't get it. No passion, no sense of urgency. They would rather seek political advantage by playing the blame game then provide solutions. Time is running out.
Our country is going rapidly down the toliet. Moral victories are not enough. We may only have two to three years before the entire house of cards collapses. All it would take would be a rapid increase in interest rates or some European collapse involving Greece, Italy, or Spain. No doubt that this meaningless compromise on raising the debt ceiling will result in a downgrade of our bond rating. Our economy is in the tank with little hope of any signicant turnaround. In fact, we may be headed for a double dip recession. There will be little appetite to reduce government spending, especially on welfare programs and entitlements.
The Rep leadership handled these negotiations poorly. They missed an opportunity to frame the issue months ago.
It's broke.
The “cause of smaller government” can never be achieved as long as the discussion is rooted in the baseline budget numbers. You can’t discuss it rationally when big increases are called cuts.
He won. Undefined minimal cuts, no guarantee against tax hikes, and Obama gets a clean election season to return another day. People like Laura Ingraham and others say that real cuts will come when Republicans get control of the Senate and the White House. This agreement makes it more likely Obama holds on to the WH. The prime directive of reelection triumphs once again on all sides as the country speeds on to the debt abyss.
That's what I've been thinking!!!
She's the ONLY one who keeps up the demand for repeal of Obamacare and the calamity it will be on this great nation!!!
This is a loss. How does raising the debt ceiling and a guaranteed 7% per year increase in raising the debt ceiling considered a winner?
Exactly.
How in heck do the whiners think we could have gotten more?
It's a feat to have gotten no tax increase and immediate cuts (small as they are) which means we've broken their MO.
A very good step in the right direction as seen by the wailing and gnashing on the left toward Dear Leader today.
She’s the ONLY one who keeps up the demand for repeal of Obamacare and the calamity it will be on this great nation!!!
***************************
I am listening to Bachmann right now on the Laura Ingraham show. She continues to make solid points in what is not a hostile interview but is certainly a biased one. I do -not- understand Laura’s determined defense of McConnell and Boehner.
Because it’s a reversal of how things have been done in DC for years.
The immediate (and thus only definite) spending cuts are all of $4B. There is a risk of taxes in this deal and Obama got his wish of getting this off his plate through his re-election campaign.
Thus, I believe they’d have been better off giving him the ‘clean’ debt ceiling increase he had asked for earlier, though possibly for a shorter period of time.
What immediate spending cuts?
When this debt deal runs out in two years, our privately held national debt will be 9.4+2.5= $11.9T. Assuming there is 2% GDP growth between now and then, our Debt to GDP ratio will be 11.9/14.8= 80%. Economies start to permanently fail when it goes over 90%. If we have a recession (likely) or Obama is reelected (unlikely), with this plan, our economy will start a death spiral.
Sorry if I’m not dancing.
Good Lord.
Our Government with its system of CHECKS and balances was not designed to do anything unless all three branches agreed. When they do agree, it was designed to be a force of incredible power equal to the colonial powers of it’s time (Hamiltonian). When they do not agree it was meant to leave the people free and unburdened (Jeffersonian).
No I did not miss my 3rd grade civics class. Did you?
It is easy to sit at a computer and pronounce grand solutions, it is rather a different one to take those ideas and turn them into laws.
I suggest all the political geniuses on the Internet who think they have all the answers get off the bench and run for office.
Past time Internet Conservatives start matching their posting rhetoric to deeds
///
since you posted the EXACT same words here:
http://www.freerepublic.com/focus/f-news/2756875/posts?page=67#67
i will post my exact same response:
i don’t have grand solutions. but, i can see the basic math, that we need to cut NOW. Obama raised spending by 40% in 2 years.
the 2006 budget BALANCES with current revenues.
would returning to that, be so painful, when millions are unemployed?
= = =
The deficit boondogle was almost 50 years in the making and it won’t be turned around in 1 year or even 10 years.
///
please look at the GDP / debt graph. MOST of the damage, has been done since the dems took the house in 2007.
(they did all that, with a GOP WH, yet we can’t?)
http://www.freerepublic.com/focus/f-bloggers/2755900/posts?page=4#4
Bachmann and Jim Robinson were correct. all we had to do, was NOTHING. LET the debt ceiling hit, and let OBAMA be forced to cut back the 40% he added.
OR, agree to make massive cuts, and balance the budget (again, simply going back to 2006, balances.)
otherwise, IF we win the WH, in 2013 we will have double digit unemployment, inflation, and a 17.5 trillion debt,
with higher interest cost because of the AAA downgrade:
http://www.freerepublic.com/focus/f-news/2756453/posts
Moody’s: Neither debt plan protects the nation’s AAA rating [ Well then Cut cut cut ]
= = =
and, shoud Rush, Mark Levin, and Jim Robinson,
shut up or run for office also? because they ALSO disagree with you.
(and Rush has a pretty good track record...)
http://www.freerepublic.com/focus/news/2755346/posts
We’ve Been Played for Saps, Folks: Boehner Bill Will Become Reid Bill
RushLimbaugh.com ^ | 7/28/11 | Rush Limbaugh
http://www.freerepublic.com/focus/f-news/2755395/posts
Urgent message to the Tea Party Freshmen and fiscal conservatives: HOLD THE LINE! July 28, 2011 | Jim Robinson
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