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 ...
WSJ—Another Obama hand-maiden
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
Yes and no. There are no tax increases - until they get around to not extending the Bush-era tax cuts, which will amount to an unlegislated tax increase when they expire.
Then, you have the fact that much, perhaps all, of the “budget cuts” that we got were really just slowdowns in the growth of spending - i.e. not REAL cuts.
A partial conceptual victory has won - but it won’t be solid until we actually start seeing real cuts in “entitlements” and other useless spending.
You have not sufficiently recovered from being a Democrat.
This is Tea Party loss.
Yes, others lost too. The Lefties will get their tax increases when the Bush tax cut extensions expire and they don’t really care if medicare doctors don’t get paid or not. They get to cripple our national security. They get to to tag the “winning” Tea Party with the coming credit rating downgrade and ensuing interest rate hike.
Really?
We borrow .40 cents of every dollar government is spending, and they are going to increase the debt ceiling by Trillions more so Obama can get through the election without having ‘to go through this again’...
And the ‘Bush’ tax cuts will expire, which equals a tax increase.
Plus Obamacare rolls on, no attempt to stop it. More tax increases and less care.
Three wars and military cuts AGAIN.
I don’t see the win here.
Evidently, it’s also pretty easy to sit at a computer and snipe at FR donors without contributing a dime yourself.
This is bunk. We are STILL adding trillions to the debt every year unabated. There is NO plan on how or when to END it, CAP it, STOP it, or BALANCE it. There were “promises” made — ask Reagan how those “promises” work out.
The only way you get a junkie off drugs if they won’t go to rehab (”Cut, Cap & Balance” would have been rehab) is to forced them off — Cold Turkey. That’s what will have to happen now. Or a complete collapse — which will happen if the Fed Gov’t keeps this up.
The Media, selling this as a “Tea Party” victory both hangs the problems and delays around the neck of the Tea Party AND places any future BLAME on them WHEN this crap does NOT work and the economy worsens. Bet on it.
The deal cuts about 1.7% of the INCREASE in the debt between now and the end of Obama’s first term. That’s before the baseline budgeting is figured in. In other words, the cuts are virtually zero between now and January 2013.
Yeah that would be too much work. Much easier to sit at your computer bitching about everything instead.
I agree .. obama lost, but so did everyone else.. how is 7 more trillion in debt (probably end up being 14, right?) better for the country?
“The immediate spending cuts are real, if smaller than we’d prefer,...”
Duh...Sen. Corker (R-TN) told CNBC this morning that the spending cuts “would probably be about $40-50 BILLION,” far from the trillion dollars Boehner said it would be. The WSJ, handmaiden of Wall St. fat cats, promotes any deal that keeps its stock price up.
A Tea Party Triumph... passing without any Tea Party votes!
Not only did we get almost half of what we went for against the Dems and RINOs- the other side has to get up the votes to pass it without us.
The Tea Party (America) LOST!
The establishment GOPDNC won! They keep spending! They keep taxing! Obama gets to keep blaming!
The only win in this “crisis” would be to let Aug 2 pass and force the govt. to cut 40% of spending immediately. Cuts would have been made and the American people would have seen with there own eyes that there would have been zero effect on their lives.
The only one on “our side” who comes out good in this is Bachmann. She opposed raising the ceiling from the beginning and has voted accordingly.
She can stand on that and run against BOTH Obama and the GOP in 2012, because she knows as I know, the economy will still be in the s&itter and our debt will still be out of control
Look, I dont like the deal, but its the best we can hope for so long as Typhoid Barry is potus.
If we reject this deal now and the market tanks, etc, then we get the blame. Right now Barry looks like dog meat in this and he will still get the blame on jobs, ue, etc.
Remember that the FICA rates also pop back up at the end of 2012 along with the ‘Bush tax cuts’ expiration. A major tax increase....just after the 2012 elections.
The most accurate part of this article is the first sentence about nobody being happy in a compromise. We all like to win, not compromise. This is a 50/50 country. We will never all be happy. We have to learn how to make these things happen without tearing our own side apart.
2) republican leaders won because they avoid having the msm crucify them and blame THEM for ALL of the socialist spending that is destroying our Republic.
3) Working Americans that pay taxes LOST here... there is no spin that can overcome the fact that it will be us... our children and our grandchildren that will have to payoff all of this marxist financial experimentation. AMERICA LOST... but what is most important is that BOTH parties won something. /s
LLS
The Bush tax cuts expire at the end of 2012. Obama said he will veto any attempt to extend them. And Obamacare kicks in big time in 2014, which will increase taxes by another trillion.
Coming on here the past few days has been downright depressing. You wonder if people on here were asleep during their 3rd grade civics classes.
Our side controls one house of government. Their side has two. We can’t get away with whatever the hell we want right now. Our government doesn’t run that way. But, stating this simple fact gets you branded a RINO, traitor or surrender-monkey.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.