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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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To: Nachum

This is designed NOT to pass the senate.
Even if it does, Obama loses if he signs it.

he swore he would not .. I agree it is not the best, but politically it will infuriate Obama’s base. It is a smart move keeping republicans from taking the blame Obama is trying to lay at their feet.


51 posted on 07/15/2011 10:28:23 AM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: Retired Greyhound

If Obama vetoes it, which he probably will, since it pushes a balanced budget amendment to the Constitution, it will signal that Obama isn’t serious at all about turning this country around. The GOP remains on offense. They’re offering up stuff Obama opposes to call his bluff.


52 posted on 07/15/2011 10:28:52 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: Nachum
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.

Which has no chance of passing. This is all one big theatrical production.

53 posted on 07/15/2011 10:29:24 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Nachum

Any measure of cuts over 10 years is bogus. Tell us what the cuts are for this year—and that no greater spending will apply going forward.


54 posted on 07/15/2011 10:30:16 AM PDT by 9YearLurker
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To: Nachum
Capit- ulation

The democrats sacrifice nothing, because they pay for nothing. Everything the democrats get is free. The tax slaves pay for it all. The tax slaves are now being punished 2.4 trillion dollars for not making their "FAIR SHARE" of government cheese.

55 posted on 07/15/2011 10:30:33 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Brandonmark

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

You don’t even have to understand interest to understand this capitulation. The French are alive and well in the hearts of congress. John Kerry is proud.


56 posted on 07/15/2011 10:32:04 AM PDT by A Strict Constructionist (Oligarchy...My theory is, college student body presidents become DEMS or RINO's.)
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To: Nachum

plus 2.4 trillion - 2.4 trillion is a net zero increase in the debt

that is not capitulation

however, color me distrustful of the ability of congress to actually make actual cuts with this regime in power and a still-weak RINO “gentlemen’s club” component dominating the GOP legislatures.

A democrat’s idea of a cut is to propose $4.8 trillion in new spending, get $2.4 trillion of it, and call the other $2.4 trillion a “cut”


57 posted on 07/15/2011 10:32:07 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: HereInTheHeartland
not a kitchen.

an all-you-can-eat buffet.

58 posted on 07/15/2011 10:32:38 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: rightwingcrazy
“over the next ten years”

Yep. Multiplying by ten is a theatrical device to fool people into thinking they are actually doing something substantive.

59 posted on 07/15/2011 10:33:58 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: indylindy

It’s time for the Tea Party to target all alleged conservatives who vote in favor of this asinine plan. THEY MUST GO ASAP.


60 posted on 07/15/2011 10:34:12 AM PDT by rintense (The GOP elite & friends can pound sand.)
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To: Nachum
Disagree. This is good politics. I'm not saying any cuts would actually happen but from a public perception, the GOP can claim they cut $2.4T which would raise the debt ceiling and the Dems and POTUS rejected it.

But, the cuts won't ever happen.

61 posted on 07/15/2011 10:35:51 AM PDT by Solson (The Voters stole the election! And the establishment wants it back.)
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To: A Strict Constructionist

I’ll glad you pay you Tuesday for a hamburger today.


62 posted on 07/15/2011 10:35:59 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Nachum

STUPID, STUPID, STUPID! LIES, DECEPTION and DECEIT!

TO HELL WITH THEM ALL! TIME TO THROW THEM ALL OUT!!

The debt limit will be reached again in less than 2 years!

2.4 tril in 10 years 240 bil / year in cuts

Deficit now abt. 1.2 to 1.4 tril

so the deficit rate is STILL 1 tril a year!

What good does this do? NOT ONE DAMN BIT of good is what it does!


63 posted on 07/15/2011 10:36:15 AM PDT by Sequoyah101 (Half the people are below average.)
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To: BigSkyFreeper

If he DOES sign it, it’s a crappy deal that makes NO cuts for the long term.

The goal is to cut more than the amount by which we raise the debt limit.

$2.4T = $2.4T


64 posted on 07/15/2011 10:36:31 AM PDT by Retired Greyhound
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To: Retired Greyhound

I know they will have upwards of 70k less revenue from my household. We are going to retire early and hunker down.

Nothing is going to get fixed until we have a new President and Senate after the next election.


65 posted on 07/15/2011 10:37:09 AM PDT by KC Burke
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To: mewzilla
The info is from '08, and is on where the federal gov't gets its revenue...

The Numbers: What are the federal government’s sources of revenue?

Ifr the GOP sells out, then we need to find a way to hold back money from the federal gov't.

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

I don’t see any news channel talking about this press conference. When did this press conference take place? There must be video. All the pundits are still debating what is going to happen.


67 posted on 07/15/2011 10:37:56 AM PDT by Datom
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To: Nachum

Finally. The end of the GOP. Now, perhaps we can get serious.


68 posted on 07/15/2011 10:38:13 AM PDT by MattinNJ (Perry/Palin vs. Obama/Biden.)
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To: Elle Bee
if they do this it's the end of the GOP anyway .

For the second time in history the tax slaves cried out for their freedom. They elected Republicans on a promise they'd be free once again.

Someday, we'll be able to raise our voices and cry out "Free, free, free at last. Thank God Almighty we're free at last."

No man should be forced to be another mans slave. Share the WORK, and let the wealth share itself!

69 posted on 07/15/2011 10:39:33 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Soothesayer9

Once again the polidiots think they passed one over on us. They have for years claimed future congresses will make those cuts but future congresses are in no way obligated to do so nor have they ever done so.


70 posted on 07/15/2011 10:39:59 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Forrestfire
Geeze thats a wooping 240 billion per year !!!

Obama overspends by over 100 billion dollars EVERY MONTH!

10 years? Pathetic!

At the current rate of over-spending, the Dems will run up another 12 trillion dollars of debt in 10 years!

Oh! Wait! It's a "political" ploy!

Right!

Repubs play politics while Dems go for the throat.

Message to the GOP: Since you did not understand NO, here's comes a big case of F*** NO!

71 posted on 07/15/2011 10:40:22 AM PDT by N. Theknow (Si Ego Certiorem Faciam Mihi Tu Delendus Eris)
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To: Retired Greyhound

The bill won’t pass in the Senate because Dingy Harry said he will oppose any and all such “cuts”.


72 posted on 07/15/2011 10:41:07 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: Nachum
Republicans are nailing more nails into the coffin of the Grand Old Party and I volunteer to be a pallbearer.

Wimps.

Split the bill. First the cuts. Then the balanced budget amendment. Then the debt limit raised. First things first!

New score: Democrats 535 America 0 . This will be an unmitigated victory for Obamalamadingdong. These are the same fools that got us that sweet budget deal earlier this year where some $300 Billion in cuts wound up being closer to $300 Million. But they got invited to play golf, have cocktails and laugh at the fools who elected each and every one of them. So that's something.

73 posted on 07/15/2011 10:41:56 AM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER thaln a TEA BAGGEE.)
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To: Linda Frances

Writes much says little and commits to nothing.

What is a politician?

Useless, mealy mouthed idiot.


74 posted on 07/15/2011 10:42:20 AM PDT by Sequoyah101 (Half the people are below average.)
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To: Nachum

75 posted on 07/15/2011 10:42:49 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: lucky american
-- This will increase our debt by only God knows how much. Kicking the can again? --

Well, instead of spending roughly 1.5 trillion more than comes in, each year, the average is to now spend only 1.25 trillion more per year, than comes in. So, roughly speaking, yeah, a 2.4 trillion increase in the debt limit runs out in about 2 years, and Congress is right back where we are today, except deeper in debt, and hemorrhaging.

76 posted on 07/15/2011 10:43:10 AM PDT by Cboldt
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To: mewzilla

It’s called Starve the Beast 2.0, most likely to escalate after 2012 election if Democrats and RINO’s aren’t diminished


77 posted on 07/15/2011 10:43:18 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: rintense

They talk tough and swing a toothpick.

What did Trump call their style? ElFoldo, isn’t that the truth?


78 posted on 07/15/2011 10:43:24 AM PDT by dforest
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To: Texas Songwriter
Please tell me how the House of Representatives or the entire congress with presidential signature amends the Constitution. What am I forgetting?

You are forgetting that the President has absolutly no say in Constitutional Amendments. An amendment requires a 2/3 majority of each house of congress followed by approval of 3/4 of the states. Presidental approval is not required.

See Article V of the US Constitution.

79 posted on 07/15/2011 10:43:24 AM PDT by Ditto (Nov 2, 2010 -- Partial cleaning accomplished. More trash to remove in 2012)
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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

We can live without big governments money, but big government can't live without ours. Starve the beast.

80 posted on 07/15/2011 10:43:54 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Nachum

CONTACT YOUR CONGRESSMAN

https://writerep.house.gov/writerep/welcome.shtml

IF THEY THOUGHT THE PHONES WERE MELTING OVER OBAMACARE- SEND THEM RUNNING!


81 posted on 07/15/2011 10:44:50 AM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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To: Nachum
$2.5T over 10 years? We need that over the next 2 years!

SELL OUT!!!

We are so stupid to think the GOP had found a spine...

82 posted on 07/15/2011 10:46:09 AM PDT by Dead Corpse (explosive bolts, ten thousand volts at a million miles an hour)
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To: Nachum

I am more interested in a ballanced budget amendment.

over ten years a ballanced budget will help the national DEBIT. not to be confused with the annual deficit.


83 posted on 07/15/2011 10:46:41 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: mewzilla

So, to raise revenues by more than 50% to balance the oblabla budget you would have to raise individual income taxes by 100%... double the tax rates, in order to raise all the revenue from individual income taxes.

EFF that crap!


84 posted on 07/15/2011 10:47:30 AM PDT by Sequoyah101 (Half the people are below average.)
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To: indylindy

Spineless bastards.


85 posted on 07/15/2011 10:48:14 AM PDT by rintense (The GOP elite & friends can pound sand.)
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To: Hodar
-- 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. --

The constitution gives Congress the power to regulate the value of money, and to borrow money. It does not set any limits on either.

The flip side of this is that the US financial situation is Congress's doing, period.

I do agree, the country is dead. All three branches of the federal government are corrupt beyond redemption. It can't collapse fast enough to suit me. No sense in communicating with them either, unless it makes you feel better. They have no care what the public thinks.

86 posted on 07/15/2011 10:48:14 AM PDT by Cboldt
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To: cashless

Pallbearer hell... I’m willing to be an Executioner at this point.


87 posted on 07/15/2011 10:48:45 AM PDT by Dead Corpse (explosive bolts, ten thousand volts at a million miles an hour)
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To: Linda Frances

Gee, do you think that’s a form letter?

My bet is that if you wrote to all 100 senators, you would get exactly the same reply from at least 90 of them, the only difference being the names.


88 posted on 07/15/2011 10:49:19 AM PDT by Fresh Wind ('People have got to know whether or not their President is a crook.' Richard M. Nixon)
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To: Cboldt

Bachmann is my Rep. She might be an OK Prez candidate, but as a Rep she is notorious for not responding to emails...


89 posted on 07/15/2011 10:50:35 AM PDT by Dead Corpse (explosive bolts, ten thousand volts at a million miles an hour)
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To: Sequoyah101
From April....

CBO: Last week’s $38 billion budget deal only reduces this year’s deficit by … $352 million;

Fool me once...

90 posted on 07/15/2011 10:50:50 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Cementjungle
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”.

But, when the bill reaches his desk, he'll have no choice but to shut up and sign it.

Otherwise, any default is his fault!

His bluff has been called. And he's trapped.

Checkmate.

91 posted on 07/15/2011 10:50:50 AM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Nachum

The Republicans are toast. There won’t be a one of them re-elected if they give in on the debt ceiling.
Why not just say $24 trillion reduction over the next 100 years? They’re telling us it’s raining while they’re whizzing on our shoes.


92 posted on 07/15/2011 10:50:57 AM PDT by BuffaloJack (2012 is the opportunity to get rid of Obama and his Empire of Lies.)
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To: Bobalu

+1

Not sure if I should laugh or cry.


93 posted on 07/15/2011 10:51:13 AM PDT by labette ( Humble student of Thinkology)
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To: concerned about politics

I wonder how much money Americans could suck back outta the federal coffers if we tried....


94 posted on 07/15/2011 10:52:10 AM PDT by mewzilla (Forget a third party. We need a second one.)
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95 posted on 07/15/2011 10:53:07 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: Retired Greyhound
The goal is to cut more than the amount by which we raise the debt limit. $2.4T = $2.4T

Right. The new debt limit will pay for the cuts, so they don't have to cut at all, and we're right back where we started - broke. The democrats sacrifice nothing, and the taxpayers are stuck with an extra 2.4 increase in spending anyway.

96 posted on 07/15/2011 10:53:25 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Nachum

So let me see if I got this right...Honey we need to cut our spending by 10,000 dollars a year over the next 5 years but don’t be upset, you can spend $50,000 more on your master card today. Yeah that’s gonna work.


97 posted on 07/15/2011 10:53:32 AM PDT by dblshot (Insanity: electing the same people over and over and expecting different results.)
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To: mewzilla

That will never work. There are millions of idiots out there that don’t pay attention to how much is withheld, and gladly give the government an interest free loan, every year. These are the people that then giggle with glee when they get a huge refund, never understanding that it was their error and that they overpaid in the first place. They believe that the refund is like an “extra payday” or something. They actually make hypothetical plans about how they will spend next year’s refund, like buying a new fridge or paying for a vacation. They plan their own budgets based upon faulty understanding of how they could have saved themselves the higher tax bill in the first place.


98 posted on 07/15/2011 10:58:54 AM PDT by Pan_Yans Wife (Utopia is being foisted on Americans for their own good.-- J. Robert Smith)
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To: Sequoyah101
What good does this do? NOT ONE DAMN BIT of good is what it does!

It gets rid of $2.4 trillion in planned spending. Why is that not good?

It removes the issue from the table until after the 2012 election. When we ought to have a GOP President and Senate majority -- which can then address the problems in a way that they can never be addressed with Barack Obama as President. How is that not good?

It creates a big PR win for the Republican House -- since they are doing their job in a way that independent voters can understand, appreciate and approve. How is that not good?

It puts the onus squarely where it belongs -- on the Democrat Senate to pass the bill and the President to sign it. If they fail to do their job, then "default" is their fault. How is that not good?

Don't you want to make progress? Turning this thing around is not a one-day project.

99 posted on 07/15/2011 10:59:20 AM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Cboldt
It can't collapse fast enough to suit me.

It'll be hell, but it's the only way to learn and do it right the next time. Taking money from one group and giving it to another in exchange for a vote has caused all this.

When people are all forced to get back to the soil, at least everyone would be responsible for their own keep, and slavery truly would come to an end. The words "leader" and "government" would be forbidden.

100 posted on 07/15/2011 10:59:52 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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