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BREAKING: Republicans to Vote on $2.4 Trillion in Cuts With Debt Ceiling Increase
Townhall ^ | 7/15/11 | Katie Pavlich

Posted on 07/15/2011 10:07:48 AM PDT by Nachum

The Wall Street Journal is reporting House Republicans will vote next week to cut $2.4 trillion over the next ten years while increasing the debt ceiling by a $2.4 trillion.

House Republicans said Friday that they planned to vote next week on a proposal to raise the debt ceiling by $2.4 trillion, with matching cuts and guidelines to control future government spending.

House Majority Leader Eric Cantor (R., Va.) said at a news conference Friday that the House next week would vote on a "cut, cap and balance" approach. The House plans to separately vote on a measure that would amend the U.S. Constitution to require the federal government to balance its budget.

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: cave; cuts; republicans; rino; trillion; vote
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Capit- ulation
1 posted on 07/15/2011 10:07:56 AM PDT by Nachum
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To: Nachum

Kicking the can down the road.


2 posted on 07/15/2011 10:10:05 AM PDT by Retired Greyhound
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To: Nachum

They all need to be thrown out on their ears for high crimes against our Nation - what is worse than bankrupting us and yet still going after the remaining productive citizens to pay more for the continued treason. To those 80% Democrats and whatever inane % of Republicans endorse a tax hike —WHAT IS STOPPING YOU RIGHT NOW???? Send your money to the IRS today- I am sure they (and Barry) would be glad to hear from you.


3 posted on 07/15/2011 10:12:03 AM PDT by Sioux-san
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To: Nachum
grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.....

$2.4 trillion over the next ten years

4 posted on 07/15/2011 10:12:31 AM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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To: Retired Greyhound

“over the next ten years”

In other words, never.


5 posted on 07/15/2011 10:12:58 AM PDT by rightwingcrazy
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To: Nachum
Winning The Future
6 posted on 07/15/2011 10:13:27 AM PDT by Spruce
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To: Nachum

It ain’t gonna fly!

Cowards!


7 posted on 07/15/2011 10:13:40 AM PDT by Sen Jack S. Fogbound
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To: Nachum
it might be better to lose the next election cycle and form a new party ... if they do this it's the end of the GOP anyway

.

8 posted on 07/15/2011 10:13:54 AM PDT by Elle Bee
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To: Nachum

What a bunch of sissies.


9 posted on 07/15/2011 10:13:54 AM PDT by ZX12R
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To: Nachum

I disagree (respectfully). This has no chance of passing the senate, but it forces the issue right back onto the democrats. This is smart politics. Maybe the stupid party is not so stupid...


10 posted on 07/15/2011 10:14:05 AM PDT by fatez ("If you're going through Hell, keep going." Winston Churchill)
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To: Nachum
"cut $2.4 trillion over the next ten years while increasing the debt ceiling by $2.4 trillion."

Sometimes the jokes write themselves. Wish this were satire, but it isn't.

11 posted on 07/15/2011 10:14:17 AM PDT by Soothesayer9
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To: Nachum

Let’s hope the Tea Party contingent pisses on this when it comes up...


12 posted on 07/15/2011 10:14:46 AM PDT by Fedupwithit ("The welfare of humanity is always the alibi of tyrants" -Albert Camus)
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To: Nachum

This is NOT what the American people are asking for...time for another enema at the polls in 2012...


13 posted on 07/15/2011 10:14:46 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Nachum

14 posted on 07/15/2011 10:14:55 AM PDT by Bobalu ( Palin: More woman than Michelle. More man than Barack)
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To: Nachum

Next week is a lifetime away.

Get on the phones and demand elimination of some federal agencies.


15 posted on 07/15/2011 10:15:14 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Nachum

B.S.

Debt ceiling is increased ~now~ while the “cuts” (which I’ll bet a dollar to a donut are mostly postponed increases that do not affect the baseline budget) are parceled out over ten years.

Bottom line - they won’t be real cuts, and they have plenty of time to weasel out of therm.


16 posted on 07/15/2011 10:15:14 AM PDT by shibumi (While Pablo was wily, William Blake was even more wilier. But the wiliest of all was Desdinova.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


17 posted on 07/15/2011 10:15:26 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

The ruling class strikes again...


18 posted on 07/15/2011 10:16:03 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Nachum

So they’ll blow through the $2.4 trillion in under 2 years in exchange for promises to cut $2.4 trillion over 10 years. Fool me twice... or is this the thrice?


19 posted on 07/15/2011 10:16:40 AM PDT by MulberryDraw ( Where's the democrat budget? What's the plan?)
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To: rightwingcrazy

Geeze thats a wooping 240 billion per year !!!


20 posted on 07/15/2011 10:16:40 AM PDT by Forrestfire (("To educate a man in mind and not in morals is to educate a menace to society." Theodore Roosevelt))
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To: rightwingcrazy

Geeze thats a wooping 240 billion per year !!!


21 posted on 07/15/2011 10:16:57 AM PDT by Forrestfire (("To educate a man in mind and not in morals is to educate a menace to society." Theodore Roosevelt))
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To: Nachum

I’m pretty sure I can predict the Obama/Media response:

“The Republicans are digging their heels in and now insisting that the poor sacrifice even more to pay for the rich and their private jets”.


22 posted on 07/15/2011 10:17:00 AM PDT by Cementjungle
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To: Nachum
....cut $2.4 trillion over the next ten years while increasing the debt ceiling by a $2.4 trillion....

Do the math: $2.4 trillion "reduced" over 10 years vs. an immediate $2.4 trillion in new spending!

Republican Plan

23 posted on 07/15/2011 10:17:52 AM PDT by Brandonmark (2012: Our Hope IS Change!)
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To: Nachum

And the GOP folds again.


24 posted on 07/15/2011 10:17:59 AM PDT by mulligan
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To: Nachum

Plus 2.5, minus 2.5 equals..................peachy.


25 posted on 07/15/2011 10:17:58 AM PDT by dforest
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To: Nachum

So let me get this straight...
They will raise the debt ceiling 2.4 trillion dollars now and cut the budget (over the next ten years) by 2.4 trillion.

That cancels each other out WITHOUT taking care of the debt we have now? This will increase our debt by only God knows how much. Kicking the can again?


26 posted on 07/15/2011 10:18:54 AM PDT by lucky american (I'm tired.)
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To: Nachum

I have to say I am surprised about the negative comments on this thread. I don’t see enough information about the proposed legislation to either get upset or to get excited.


27 posted on 07/15/2011 10:19:22 AM PDT by Raycpa
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To: mewzilla

You gotta hand it to them. They do this and have the nerve to call us too ignorant to understand.


28 posted on 07/15/2011 10:19:42 AM PDT by dforest
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To: Nachum

Wow - so they have, on average, cut $200 billion from a $1.5 Trillion yearly deficit.

Someone please explain how this is supposed to impress me.


29 posted on 07/15/2011 10:20:34 AM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: Nachum; onyx; Fiddlstix; RedMDer; Lady Jag; The Cajun; tubebender; musicman; ButThreeLeftsDo; ...

The partial video

http://www.youtube.com/watch?v=lzUcTxr-uQI

~~~~~~~~

*snip*

Boehner and Cantor could still be bluffing themselves.

They took quite a while to develop this proposal, and some wondered whether Boehner could get the votes for a debt-ceiling increase in order to put pressure on the Senate and White House.

One has to assume that they have whipped the caucus to make sure it can pass without Democratic support, even though Tea Party Caucus leader Michele Bachmann and others have publicly declared opposition to any debt ceiling hike. I assume we will see a round of strategic voting and a thin margin of victory in the roll-call vote.

If Republicans pass this in the House, they will have delivered a plan that puts the next debate over the debt ceiling into 2013, and made the 2012 elections hinge on this debate.

The bill will force the Democrats in the Senate and Obama to either accept that outcome or kill the bill — and that puts the onus for default squarely on 1600 Pennsylvania Avenue and the President of Ambiguities.

http://hotair.com/archives/2011/07/15/gop-announces-vote-on-18-month-debt-ceiling-plan/

~~~~~~~~~~~~

I watched the GOP presser this am. ONLY FNC televised it .. NOT CNN, MSNBC, Bloomberg, or CSPAN. Bamma comes on, and EVERY SINGLE ONE OF THEM carried his .. in its entirety.

I AM SO FURIOUS AND DISGUSTED! Pure, shameless partisan bias and slanting the news, purposely depriving the citizens of both sides and the whole story.


30 posted on 07/15/2011 10:21:27 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker downa)
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To: fatez
"this has no chance of passing the Senate"

This is like handing a loaded gun to a five year old and saying; "it's OK he doesent know how to remove the safe."
31 posted on 07/15/2011 10:21:33 AM PDT by John 3_19-21 (Liberalism sees the future in spite of the past, Conservatism sees the future because of the past.)
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To: Elle Bee

In the meantime maybe we can come up with ways to starve the beast. For example: What if folks who are still drawing a paycheck changed their withholding to hold back as much as possible? It would require some discipline to put the money away to pay your taxes, but if enough folks did that would it put pressure on the federal government?


32 posted on 07/15/2011 10:21:37 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Nachum

Let’s see 2.4 Trillion over 10 Years??????????????????????????? That has to be a joke!!!!!!!!!!!


33 posted on 07/15/2011 10:21:41 AM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Forrestfire
Geeze thats a wooping 240 billion per year !!!

No it is a promise to keep the status quo for the next 10 years. There are no "CUTS" in this deal. Just a promise not to make it any worse than it already is.

Also in Washington a "cut" is when you don't increase the budget by 10% from the previous year.

The whole process is just smoke and mirrors.

Shut it down!

34 posted on 07/15/2011 10:21:46 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o)
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To: who knows what evil?

Watching votes, taking names! In 2012 we will clean House and Senate of the rest of the cowards who don’t represent we the people!


35 posted on 07/15/2011 10:22:09 AM PDT by seekthetruth (Florida and the Nation needs Colonel Mike McCalister in the US Senate!)
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To: Nachum

What is the point of a debt limit?

If our Domestic Gross Pruduct went up by ‘x’%; then the money we could borrow should be adjusted accordingly. But under the inspired leadership of Zero, we have hit the debt limit (2x in less than 1 term; is that a new record?), we have an incompetent leader who has spent more than all other previous Presidents - COMBINED. We have sustained unemployment that is higher now, than when he spent Trillions of dollars to ‘fix’ the problem, two failed Stimulus Programmed, as well as numberous bailouts.

So, if we factor in the utterly incompetent manner in which this idiot has ‘managed’ this country; our debt limit should have gone DOWN.

If Congress can arbitrarily raise the debt limit; and mandate that we must take out loans, to pay the interest on the loans we already have - this country is already dead. End of story; we are bankrupt and it’s all over but the crying. A Debt Limit must be ‘This is the LIMIT, you can go no further’, just like we all have on our credit cards and line of credit at our banks.


36 posted on 07/15/2011 10:22:19 AM PDT by Hodar (Who needs laws .... when this "feels" so right?)
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To: Nachum

i sent a letter to cornhusker kick-back himself and here is my response and my reply.

So our family is in trouble financially and you think we can fix that by getting another credit card. You personally have sold your soul to the devil.


From: Senator Ben Nelson [mailto:senator@bennelson.senate.gov]
Sent: Friday, July 15, 2011 11:23 AM
Subject: Responding to your message

Dear Shawn & Linda:

Thank you for contacting me regarding the federal debt limit. I appreciate hearing from you on this important issue.

As you know, the United States government is on the verge of reaching the legal limit of how much it is allowed to borrow (known as the debt limit or debt ceiling) in order to pay existing legal obligations. By August 2, 2011, it is estimated the U.S. will be forced to default on some payments if the debt ceiling is not increased. Some people think Congress should just let this happen, while others think failure to raise the debt ceiling will result in a serious economic backlash which could permanently undermine U.S. credit around the world. What is clear is that Congress cannot simply continue raising the ceiling year after year. A broader solution is necessary – one which forces us to spend within our means, to prioritize, and to make only strategic investments.

Key to controlling the deficit is for the leadership from both parties to get partisan politics out of the picture and make the hard decisions to cut government spending. The Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, has called the debt the most significant threat to our national security. This should be reason enough to force serious action on this issue.

I understand Nebraskans want Washington, D.C., to spend less and do more to bring down the national debt as soon as possible because doing so will keep America competitive in the global economy. This is why I voted in favor of the Department of Defense and Full-Year Continuing Appropriations Act, P.L. 112-10, which cuts $40 billion from the federal budget and funds the government through the remainder of Fiscal Year 2011.

Discretionary spending in 2011 will be less than it was in 2010, and I believe Congress should continue this trend and approve further cuts for 2012. A proposal I suggested and implemented earlier this year cut Senators’ budgets by five percent for 2011. I will continue to insist on spending restraint within Congress.

Congress is having serious, ongoing discussions about which short- and long-term actions can be taken in order to get the nation on a healthier fiscal footing. A proposal to this effect will likely be presented in conjunction with the vote on the debt ceiling. I will scrutinize any such proposal carefully and agree it is critical that the right combination of spending cuts and reforms be implemented as soon as possible so that we might avoid this situation in the future.

Thank you again for contacting me regarding critical economic matters. It is important to understand the consequences of raising the debt limit and those of not raising the debt limit before any vote occurs. Rest assured, I will continue working with my colleagues to cut spending to reduce the national debt and accelerate our country’s economic recovery.

Sincerely,

Ben Nelson
U.S. Senator


37 posted on 07/15/2011 10:22:23 AM PDT by Linda Frances
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To: Forrestfire

“Geeze thats a wooping 240 billion per year !!!”

Ah but they also don’t do it by equal amounts. It is waited for the later years. And by then they will have enacted 10 times that in new spending.

This would be the republican cave in that we all knew was coming.


38 posted on 07/15/2011 10:22:23 AM PDT by Revel
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To: Nachum

Zero-sum gain.


39 posted on 07/15/2011 10:22:23 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: Nachum
Please tell me how the House of Representatives or the entire congress with presidential signature amends the Constitution. What am I forgetting?
40 posted on 07/15/2011 10:22:36 AM PDT by Texas Songwriter (Haw)
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To: Nachum

This is the conservative Cut, Cap, and Balance approach created by the RSC. It is certainly not capitulation, but instead is the GOP doing what people have been urging for days now: Pass your own bill and dare Obama and the Senate to cause a default.


41 posted on 07/15/2011 10:22:40 AM PDT by Thane_Banquo
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To: Bobalu

Oh, my goodness, that’s hysterical! LOL.


42 posted on 07/15/2011 10:23:00 AM PDT by lonevoice (Life is short. Make fun of it.)
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To: mewzilla

And let’s take a look at the activities that generate federal taxes. Gasoline sales, for instance. I’d cut back on consumption to stick it to the federal government


43 posted on 07/15/2011 10:23:08 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Nachum

Not again!?!?!?!?!?!?!?!..............

44 posted on 07/15/2011 10:23:18 AM PDT by Red Badger (PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
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To: rightwingcrazy

and 2.4 trillion cuts, and how much new debt in ten years?


45 posted on 07/15/2011 10:23:42 AM PDT by MNDude (so that's what they meant by Carter's second term)
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To: John 3_19-21

doesn’t


46 posted on 07/15/2011 10:24:34 AM PDT by John 3_19-21 (Liberalism sees the future in spite of the past, Conservatism sees the future because of the past.)
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To: Nachum
“$2.4 trillion over the next ten years “

Sickening to say it; but pennies.

The 500 pound patient is coming in for liposuction. The doctor needs to remove 300 pounds of fat; but is only going to suck out 25 pounds.

And the kitchen will be wide open.

47 posted on 07/15/2011 10:27:05 AM PDT by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: PGR88
If the Republicans cave, there will be Tea Parties having meetings and organizing all over the US. The Republican Party may not have a serious campaign in the next election, if these phony bills pass.
TWB
48 posted on 07/15/2011 10:27:19 AM PDT by TWhiteBear (Jobs, Peace, Food, Security .... Down with Obama(Peacefully))
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To: Thane_Banquo

It is pretty good idea at this point. And everyone knows how I feel. But it will not fly anyway. This is a mess. They really blew the PR game. It is hard to overcome the Irrational Obama Exuberance in the media. Edge to Obama for now. He will either get to Triangulate or go ahead and destroy the country in one Left Hook to the Jaw.


49 posted on 07/15/2011 10:27:53 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: MulberryDraw
Fool me twice... or is this the thrice?

I believe it's "Fool me once, shame on — shame on you. Fool me — you can't get fooled again"

50 posted on 07/15/2011 10:28:06 AM PDT by varon (Allegiance to the Constitution, always. Allegiance to a party, never!)
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