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Boehner Proposal: Balanced-budget Amendment, Raise Debt Ceiling By $1T, Save $1.2T Over Next Decade
Politicons- Politically Conservative ^ | July 25 | Henry D'Andrea

Posted on 07/25/2011 12:46:29 PM PDT by conservativeforpalin

Speaker John Boehner’s proposal includes a balanced-budget amendment and a raise in the debt ceiling by $1 trillion. The proposed plan would save $1.2 trillion over the next decade.

Fox News reported:

The approach was received from a senior GOP leadership aide and reads as follows:

Two-Step Approach to Hold President Obama Accountable

Republicans insisted if the President wants his debt ceiling increase, the American people will require serious spending cuts and reforms. This two-step approach meets House Republicans’ criteria by (1) making spending cuts that are larger than any debt ceiling increase; (2) implementing spending caps to restrain future spending; and (3) advancing the cause of the Balanced Budget Amendment – without tax hikes on families and job creators. While this is not the House-passed “Cut, Cap, & Balance,” it is a package that reflects the principles of Cut, Cap, & Balance. Here is more information on the plan:

–Cuts That Exceed The Debt Hike. The framework would cut and cap discretionary spending immediately, saving $1.2 trillion over 10 years (subject to CBO confirmation), and raise the debt ceiling by less – up to $1 trillion.

–Caps To Control Future Spending. The framework imposes spending caps that would establish clear limits on future spending and serve as a barrier against government expansion while the economy grows. Failure to remain below these caps will trigger automatic across-the-board cuts (otherwise known as sequestration).

–Balanced Budget Amendment. The framework advances the cause of the Balanced Budget Amendment by requiring the House and Senate to vote on the measure after October 1, 2011 but before the end of the year, allowing the American people time to build sufficient support for this popular reform.

–Entitlement Reforms & Savings. The framework creates a Joint Committee of Congress that is required to report legislation that would produce a proposal to reduce the deficit by at least $1.8 trillion over 10 years. Each Chamber would consider the proposal of the Joint Committee on an up-or-down basis without any amendments. If the proposal is enacted, then the President would be authorized to request a debt limit increase of $1.6 trillion.

–No Tax Hikes. The framework included no tax hikes, a key principle that Republicans have been fighting for since day one.


TOPICS: News/Current Events
KEYWORDS: boehner; boehnerplan; debacle; debt; default; economy; planners; police; spending; teachers
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1 posted on 07/25/2011 12:46:33 PM PDT by conservativeforpalin
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To: conservativeforpalin

In other words, no spending cuts will ever happen. EVER.


2 posted on 07/25/2011 12:47:41 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: conservativeforpalin

When you’re $14.6 Trillion in the hole, $1.2 Trillion over 10 years isn’t gonna get you out of the hole...................


3 posted on 07/25/2011 12:48:01 PM PDT by Red Badger (PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
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To: conservativeforpalin

New deal same as old deals, more debts today for nothing tomorrow.


4 posted on 07/25/2011 12:48:15 PM PDT by org.whodat (Speaker West, name sounds good.)
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To: GeronL

debt ceiling raised this week (so Barky can claim victory and go on vacation)

cuts will come over the next “decade”

uh huh


5 posted on 07/25/2011 12:50:03 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: conservativeforpalin

What are the numbers for FY 2012?


6 posted on 07/25/2011 12:50:14 PM PDT by Paladin2
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To: conservativeforpalin
Congress does NOT need a law to tell them to do their own jobs, and even worse is the completely empty ‘amendment’ ploy, since of course that can easily get sunk along the way, and by then, why, that’ll be someone else’s problem.

If Congress wants to balance the budget, they have all the power to do so today. STOP SPENDING THE MONEY.

7 posted on 07/25/2011 12:50:22 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: conservativeforpalin
–Caps To Control Future Spending. The framework imposes spending caps that would establish clear limits on future spending and serve as a barrier against government expansion while the economy grows. Failure to remain below these caps will trigger automatic across-the-board cuts (otherwise known as sequestration).

Simply words on a piece of paper -- they can't constrain a future Congress like that.

No, what we need are real cuts, today. Period. project future savings all you like, but be honest about what's really being cut and what is beyond this Congress' control.

8 posted on 07/25/2011 12:51:13 PM PDT by kevkrom (Imagine if the media spent 1/10 the effort vetting Obama as they've used against Palin.)
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To: conservativeforpalin

What the hell are they doing? We are 1.6 trillion in the hole just this year. Save a whole 100 billion next year?

Have the dumb gotten dumber?

Are we surrendering? TELL THEM NO MORE SPENDING!
Skru this namby pamby nonsense.

House: here is the plan. pass it or default is yours.

and stop already....


9 posted on 07/25/2011 12:51:22 PM PDT by Adder (Say NO to the O in 2 oh 12)
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To: kingu
"If Congress wants to balance the budget, they have all the power to do so today."

The 2012 election is going to be SOOO much fun.

10 posted on 07/25/2011 12:51:37 PM PDT by Paladin2
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To: conservativeforpalin

What a stupid plan. What is with these 10 year gimmicks? They could probably balance it in 5 by going back to 2008 levels and freezing it for 5 years.


11 posted on 07/25/2011 12:51:41 PM PDT by blasater1960 (Deut 30, Psalm 111...the Torah and the Law, is attainable past, present and forever.)
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To: conservativeforpalin

How about no


12 posted on 07/25/2011 12:51:44 PM PDT by yldstrk (My heroes have always been cowboys)
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To: conservativeforpalin

A dollar down and a dollar a month,Great plan!\s


13 posted on 07/25/2011 12:52:11 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: GeronL

In other words, no spending cuts will ever happen. EVER

It’s called DC Elite Trickery. The plan will allow another Blue- Ribbon Commission to decide what cuts to make. CONGRESS NEVER follows commission recomendations.

Any GOP congresscritter who votes for this plan needs to be primaried. IT DOES NOTHING except punt.


14 posted on 07/25/2011 12:52:18 PM PDT by tennmountainman
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To: conservativeforpalin

NO RAISING THE DEBT CEILING..PERIOD..what is so hard for these turd brains to understand. We are already bankrupt. Geez I am not even that good at math and I see that raising the debt ceiling is a HORRIBLE HORRIBLE idea


15 posted on 07/25/2011 12:52:33 PM PDT by Sarah Barracuda
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To: org.whodat

If they can’t cut hundeds of billions in 2012 then there is zero chance that the future supposed cuts will ever materialize. Personally, all I care about is the 2012 cuts.


16 posted on 07/25/2011 12:52:48 PM PDT by InterceptPoint (w)
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To: conservativeforpalin

That might be somewhat good news if the $1T increase would last for an entire decade.


17 posted on 07/25/2011 12:52:52 PM PDT by camerongood210
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To: conservativeforpalin

Sorry, Bone-head.

$1 trillion over the next decade will be far exceeded by the dim-bulb-crat graft and corruption increases during that same period.

Try again.

Like that amount during next year.


18 posted on 07/25/2011 12:53:23 PM PDT by Da Coyote
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To: conservativeforpalin

$1.2 trillion over a decade is NOTHING and we know they won’t cut a dime.

What would be the point of a Balanced Budget Amendment if even the guy proposing it offers to cut such a piddling amount??


19 posted on 07/25/2011 12:54:18 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: GeronL

The gov’t is currently running a 4 BILLION $ deficit EVERY DAY. $120 Billion a year for ten years? The $120 billion this year represents 30 days worth of deficits! What about the other 335 days Speaker Boehner. You are nothing more than a tool of special interests if you propose such crap.

REAL CUTS, RIGHT NOW, with future spending capped at 2008 levels for three years. That is what I want to see.


20 posted on 07/25/2011 12:54:41 PM PDT by milwguy
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To: Red Badger
When you’re $14.6 Trillion in the hole, $1.2 Trillion over 10 years isn’t gonna get you out of the hole...................

Especially when they will spend the debt ceiling increase in 12 to 18 months and the phantom cuts will be spread out over 10 years. We're going backwards.

21 posted on 07/25/2011 12:55:01 PM PDT by Bearshouse
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To: tennmountainman
IT DOES NOTHING except punt.

Given the current situation (i.e., the Democrats still controlling the Senate and the White House), a punt might be the only feasible option anyway.

22 posted on 07/25/2011 12:55:17 PM PDT by kevkrom (Imagine if the media spent 1/10 the effort vetting Obama as they've used against Palin.)
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To: conservativeforpalin
Bullshit, Boener !

A ten year point 2 billion 'savings' that kinetically will tank us in 2-4 years ?

Bullshit ... NO debt criling increase, period.

What part of, "We're broke because of the devil you're negotiating with" don't you get?

23 posted on 07/25/2011 12:55:46 PM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: milwguy

Obama did offer one “budget saver” back when.

He offered to raise Medicare eligibility from 65 to 67.... by 2036.

There won’t be an America by 2036!


24 posted on 07/25/2011 12:57:35 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: kevkrom

Don’t try to bring sanity to this argument!


25 posted on 07/25/2011 12:58:21 PM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: conservativeforpalin

Wow...this thread’s got the DU spirit.


26 posted on 07/25/2011 12:58:44 PM PDT by Siena Dreaming
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To: conservativeforpalin

Sounds similar to CC&B to me, I don’t get the bellyaching here.


27 posted on 07/25/2011 1:00:03 PM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: conservativeforpalin
What is it that everything has to project over ten years?
What we need is $1.2 Trillion in cuts for the next two years, and even that really is not enough.
The Reckoning is coming and when it does there is going to be a passel of finger pointing.
Well all these idiots have to do is look in the mirror and they will have found the guilty parties.
28 posted on 07/25/2011 1:00:25 PM PDT by Captain Peter Blood
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To: GeronL

The US Government is in debt 15 trillion, the US itself 9 trillion, Fannie Mae & Freddie Mac 6 trillion, local and state government, personal debt, banks mortgages and credit card; etc. etc and etc add up to about 52 trillion debt.

Compound interest is threatening to swamp the whole system. People never think about the interest.

These people should be in prison.


29 posted on 07/25/2011 1:03:34 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: GeronL

This may be the only thing he can do at this point to keep obutthead from using this issue to get re-elected. The longer it drags out, the more the left can use it to pound conservatives. If we can keep the house and gain the senate in 2012 we can fix the cutting part if we hold the congress’ feet to the fire.


30 posted on 07/25/2011 1:03:41 PM PDT by WVNan
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To: Red Badger

If nothing else, the ass hat does not get to shuck and jive his way on this through the next election. I want this deficit wrapped around his neck like a boaconstrictor.


31 posted on 07/25/2011 1:06:12 PM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Red Badger

Once again, the GOP caves. Didly sqat over 10 yrs.


32 posted on 07/25/2011 1:07:09 PM PDT by KwHorn77 (Tired of the GOP being the minority party!)
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To: conservativeforpalin

Let’s make it easy for them.

Go here and open Rand Pauls 5 Year Budget plan: http://www.campaignforliberty.com/blog.php?view=41227

It’s fully of specific quantified cuts in federal programs across the board. Pick some, and don’t stop until they total at least $3 trillion.

Then get on the boob tube and announced that you have a plan to CUT SPENDING BY $3T and here it is. Name names.

When the SHTF, say OK, you have a better plan, let’s hear it - but remember the total has to come to $3T. Stand back and watch the fun.

Does this sound like a Daddy telling the little darlings at home they have to do without either the movie channels, the NetFlix, the video games, the vacation, the new phone, etc? Well that’s how you deal with people who have the maturity level of children.

Fun’s over kids. Time to pay the bills.


33 posted on 07/25/2011 1:07:57 PM PDT by bigbob
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To: GeronL
To make these fantasy reforms work in reality, what is needed is general Tax Reduction, not just for special political buddies, and not the old keep the rate but increase the basis Abbott and Costello accounting, but Real incentive for investors and businesses to create new Real jobs, not monopoly money transfer payments.
It is possible to make America the preferred place to do business. But entrenched special interests like things the way they are.
Based on the Reagan data, America could be financially sound and solvent in 5 years, perhaps less.
Keeping on not drowning is not an answer.

TWB

34 posted on 07/25/2011 1:08:08 PM PDT by TWhiteBear (Jobs, Peace, Food, Security .... Down with Obama(Peacefully))
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To: WVNan

He proposes a balanced budget amendment but is unwilling to propose a balanced budget??

gutless

“Somebody stop me, please!”


35 posted on 07/25/2011 1:08:40 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Red Badger
"$1.2 Trillion over 10 years isn’t gonna get you out of the hole..................."

Especially when the deficit this year is around $1.5 trillion. That's another $15 trillion over the next 10 years, if it were to stay about same each year. Which it obviously won't.

In a morally bankrupt country, politicians are liars, and their favored, controlling constituent groups are the dirtiest of thieving, bipartisan rats. And remember, you all, that there are more levels in government than the federal. Look at your nearby socialist elite.


36 posted on 07/25/2011 1:10:56 PM PDT by familyop (We Baby Boomers are croaking in a noisy avalanche of rotten politics smelled around the earth.)
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To: Red Badger
When you’re $14.6 Trillion in the hole, $1.2 Trillion over 10 years isn’t gonna get you out of the hole...

Amen RB. Amen.

Reducing spending by 120 B annually will still be a Trillion and change added to the deficit each year. So at the end of the ten years, the deficit will be 25 Trillion+. What am I missing?

And I have yet to see any plan indicate money to pay down debt. Wouldn't you expect that?

37 posted on 07/25/2011 1:15:04 PM PDT by Principled
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To: TWhiteBear

EVen Harry Reid/Obama’s proposal have bigger faux cuts than this one from Beohner


38 posted on 07/25/2011 1:17:18 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: conservativeforpalin

the markets are expecting about $4 tril. in cuts and a lot sooner than ten years. Otherwise our rating is gonna get lowered anyhow.


39 posted on 07/25/2011 1:17:24 PM PDT by Buckeye McFrog
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To: kevkrom

This plan will pick up a lot of RAT and RINO votes in the house.
Money upfront, with only promised spending cuts.

Bonehead won’t need the votes of conservatives.
If this is what is to be, I’d let the RINO’s and RATS carry the water on this trickery and expose them for the coming elections.

If this is the way Bonehead passes it, I can guarantee there will primary challenges and many moderates on both sides will be looking for work after 2012.

Bonehead had better enjoy all the sham deals he can pass now.
He will be gone soon enough.


40 posted on 07/25/2011 1:17:24 PM PDT by tennmountainman
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To: GeronL

Boehner sold us down the river.

Nothing new here. Nothing to see. Move along./s

Would appear the TEA Party needs to kick more RINOs out of office in the next election, including this knuckle-head BONER.


41 posted on 07/25/2011 1:21:52 PM PDT by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: Principled

All they want to do is maintain the debt. Spending money on debt service takes away money from their pet projects. Soon all we will be able to do is pay interest on the debt, 100% of tax revenue will pay for interest. No military and no Medicare, no medicaid, no Social Security, no unemployment, just interest payments...................


42 posted on 07/25/2011 1:23:38 PM PDT by Red Badger (PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
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To: conservativeforpalin

Get rid of 14T in the next decade or go to hell Mr. Speaker....and don’t tell us that it can’t be done because that is total BS.


43 posted on 07/25/2011 1:23:52 PM PDT by New Jersey Realist (Congress doesn't care a damn about "we the people")
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To: GeronL
EVen Harry Reid/Obama’s proposal have bigger faux cuts than this one from Beohner

No, the original Boehner-Cantor plan was for $2.7 T. The one Boehner proposed over the last couple of days was just to scare Reid and Obama into offering this (Boehner said he'd go for a shorter deal to keep the issue alive for election '12 if they didn't propose something acceptable so Reid came up with this today).

44 posted on 07/25/2011 1:23:52 PM PDT by Siena Dreaming
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To: bigbob
"Go here and open Rand Pauls 5 Year Budget plan:...but remember the total has to come to $3T."

The deficit this year is $1.5 trillion. Even Paul comes up short. He would have to cut the jobs of many of his favored, socialist constituents--just like the other politicians. There will eventually be a default.


45 posted on 07/25/2011 1:24:14 PM PDT by familyop (We Baby Boomers are croaking in a noisy avalanche of rotten politics smelled around the earth.)
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To: freekitty

These people should be in prison.

They would be if they pulled this kind of fraud in the private sector.


46 posted on 07/25/2011 1:26:19 PM PDT by tennmountainman
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To: conservativeforpalin

Watching Cavuto now...Speaker Boehner, Canotr, many others getting microphone time..one after another they are pointing out that 0bama is doing nothing but concentrating on next November. Each one is slapping him in speech. They are also wearing blue ribbons..is that a show of grief for Norway? Or something else?


47 posted on 07/25/2011 1:26:44 PM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: conservativeforpalin

Really, it is silly to talk of a plan that involves the next 10 years. In that time, 5 more Congresses and 1-3 more Presidents will be in the WH, and will ignore anything another Congress or President did. Graham-Rudman anyone?

The only true reform is that which acts now and cuts now, in true cuts and not just reduction in increases. And those cuts have to be at least 25% of a budget item, or we’re just playing footsie under the table.


48 posted on 07/25/2011 1:27:14 PM PDT by lurk
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To: Ernie Kaputnik

Boner’s Office

202-225-6205

ON HOLD...big backlog of callers right now...

Patriotic Music Playing: America the Beautiful, now Sousa Medley...


49 posted on 07/25/2011 1:27:18 PM PDT by GRRRRR (He'll NEVER be my President, FUBO! Treason is the Reason! Impeach the Kenyan)
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To: Adder
Save a whole 100 billion next year?

They're trading $1 trillion in more debt right now for $1.2 trillion in savings over ten years. That is a net savings of $200 billion over ten years. It's a joke. And the joke's on us....

50 posted on 07/25/2011 1:28:54 PM PDT by kevao
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