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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 ...
CONTACT YOUR CONGRESSMAN
https://writerep.house.gov/writerep/welcome.shtml
IF THEY THOUGHT THE PHONES WERE MELTING OVER OBAMACARE- SEND THEM RUNNING!
We are so stupid to think the GOP had found a spine...
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.
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!
Spineless bastards.
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.
Pallbearer hell... I’m willing to be an Executioner at this point.
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.
Bachmann is my Rep. She might be an OK Prez candidate, but as a Rep she is notorious for not responding to emails...
CBO: Last week’s $38 billion budget deal only reduces this year’s deficit by … $352 million;
Fool me once...
“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.
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.
+1
Not sure if I should laugh or cry.
I wonder how much money Americans could suck back outta the federal coffers if we tried....
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.
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.
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.
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.
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.
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