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White House, Republicans Strike Tenative Deal To Raise Debt Ceiling
ABCNews ^ | July 30, 2011 | Jonathon Karl

Posted on 07/30/2011 8:21:33 PM PDT by Beaten Valve

ABC News has learned that Republicans and the White House have struck a tenative deal to raise the debt ceiling before the Aug. 2 deadline.

It's not done yet, but here is the framework of the tentative deal they have worked out, according to a source familiar with the negotiations:

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS: Breaking News; News/Current Events; US: District of Columbia
KEYWORDS: debtdeal; debtdealcavein; debtdealshowdown; debtgraphics; deficit; deficitgraphics; democrats; republicans; taxes; whitehouse
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To: TigerClaws
Republicans need to get what they can and have the BBA and debt mess as a major campaign issue.

Time to get out of Dodge.

141 posted on 07/30/2011 9:11:57 PM PDT by Mike Darancette (Obama, eat your GOPeas.)
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To: Perdogg
NO INCREASES IN TAXES and Dollar per Dollar cut.

The GOP didn't get "everything" they wanted.

Where's the vote on the Balanced Budget amendment?

"Recommendations" on cutting the budget does not equal actually CUTTING the budget!

If Congress doesn't agree on cuts, the Military and Medicare automatically get cut.

Right, and who'll get the blame for that? Republican's. Does anyone reasonably believe that Obama and the Democrats will let Medicaid get cut? The military, hell yes, they'll cut that, but Medicaid? That's their bread and butter constituency that'll hurt, no way in hell that'll happen.

By the way, any "cuts" in this "deal" will be beyond 2012, and as we all know, one Congress cannot bind another to action. That's un-Constitional. Cuts will NEVER happen with this bunch of morons in Washington DC.

OFF WITH THEIR HEADS!

142 posted on 07/30/2011 9:11:57 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: tomkat
color me cynical

You might be on to something. This could be a move to find out in real time what the Tea Party Voters and the Venus Lefties think of the deal, knowing how the WH relies on polls to form Public Policy.

143 posted on 07/30/2011 9:12:11 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: Terry Mross

For some folks here, it’s never a time to draw a line in the sand.
It’s always the next deal, the next election or the next decade.
Those who say wait until we get a majority in the senate, don’t have a very long memory.
We had a majority in the senate not too long ago. The McCains, Grahams, Snowe’s, The Collins, The Murlkowki’s, The Castles’ clogged up the whole stinking place. What gives them confidence that the 14 gangsters and the 6 gangsters( For a total of 20 gangsters) won’t clusterf it again?


144 posted on 07/30/2011 9:12:30 PM PDT by tennmountainman
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To: Beaten Valve
Tenative? TENATIVE? Doe they know how to use spell-check? Do they mean TENTATIVE?
145 posted on 07/30/2011 9:12:52 PM PDT by SERKIT ("Blazing Saddles" explains it all......)
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To: prisoner6

“No guarantee - at least in this report - that it goes to the states. Guess we should all just wait to see the details.”

There’s almost zero chance the BBA will get out of the Senate. Do the math.

In the Senate, are there not:
- 49 Republicans (or is it only 48 or 47?)
- 49 Democrats (or is it 50 or 51?)
- 1 independent (Lieberman)
- 1 socialist (Sanders of VT, who is otherwise “independent”)

BBA needs 67 votes (two-thirds) to get out of Senate. If every Republican votes for it, you still need 18 votes.

Sanders is a socialist and would DIE before he’d vote for the BBA. Lieberman probably wouldn’t vote for it, either.

That means you’d have to get at least 18 of the ‘rats to vote “aye”.

I know that in the past, some ‘rats have _said_ they might vote for a BBA. But the current political atmosphere is too charged, to divided, for the ‘rats to do anything they aren’t _forced_ to do.

It’s one thing for the Tea Party Republicans to hold out long enough to force the White House to yield (Obama has probably given marching orders to Reid, vote on it or else), as has been done in the debt ceiling fight.

But no one will be forcing the hands of the democratic Senators during the BBA vote.

Grumplestiltskin prediction:
BBA will get voted on in the Senate (if the “compromise” bill becomes law), but...
BBA will fail in the Senate, and that’ll be the end of it — for now.

Just sayin’....


146 posted on 07/30/2011 9:13:42 PM PDT by Grumplestiltskin (I may look new, but it's only deja vu!)
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To: Beaten Valve
2.8 TRILLION FOR A LITTLE OVER 1.5 YEARS

This will work nicely for the Obama war chest for the 2012 campaign. Enough to help the unions to do whatever is necessary to keep control of the government.

147 posted on 07/30/2011 9:13:59 PM PDT by oldbrowser (They're socialists don't call them liberals)
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To: submarinerswife

I actually like it - BBA vote, across-the-board automatic cuts if no other cuts are found, and no tax increases.

I think this is a pretty solid win for the GOP. They’re telling the President he can get a dollar-for-dollar exchange of debt limit increase for spending cuts, no tax increases, the opportunity to try to find his own cuts (but automatic across-the-board if not done), and a vote on the BBA.

It’s pretty solid, overall. The automatic cut is the best part - there’s no way to avoid that without another law being passed to repeal - and that won’t happen with the current makeup of Congress.


148 posted on 07/30/2011 9:13:59 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: Clairity
Actually Republicans DID cave.

What do you mean they "caved"?

The primary goal of the Republicans in this has been identical to Obama's EVERY SINGLE STEP OF THE WAY.

Raise the debt ceiling by more than two TRILLION dollars.

So, again, where's the "cave"?

149 posted on 07/30/2011 9:14:12 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: Perdogg

agreed on this end....some people will never be happy and though not perfect, it looks relatively favorable at this point....and as mentioned earlier in this thread, all the rats that vote against the BBA will be hanging themselves with the independents...


150 posted on 07/30/2011 9:15:01 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: HeartlandOfAmerica; Jim Robinson; kingu; jeltz25

CUTS???? WHAT CUTS??? A non increase is most certainly NOT a cut!
I’m thinking a lot of you folks are delusional.
///
i agree with you.
please check the links in posts 77 and 117.

people have been tricked by the Dems making the current budget the new baseline.

Obama raised spending by 40 percent. then people are happen if they get a 5 percent cut ?!?

Obama raised the debt by more in 2 years, than Clinton or Bush did in 8. and we GAVE him another 2.8 TRILLION ?!?
we raised the National Debt by another 9+ TRILLION,
in the next 10 years.
...but we should be happy because of no tax increase?!?


151 posted on 07/30/2011 9:15:16 PM PDT by Elendur (It is incumbent on every generation to pay its own debts as it goes. - Thomas Jefferson)
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To: Siena Dreaming

don’t you think they could have gotten not just a vote on the BBA but guaranteed passage? I think they could have gotten CCB passed if they held firm another day or two.


152 posted on 07/30/2011 9:15:21 PM PDT by jeltz25
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To: FromTheSidelines
I think this is a pretty solid win for the GOP.

It is. They wanted two TRILLION plus more dollars to squander, and they're going to get it.

153 posted on 07/30/2011 9:15:25 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: TigerClaws
Even if BBA goes down in flames = there was an actual VOTE and it’s an issue for the next election.

I've read quotes of anywhere between 65 and 85% of Americans are for a Balanced Budget Amendment.

The constant 24/7 mantra in 2012 is:

The democrats first tabled then voted against the Balanced Budget Amendment in 2011!

154 posted on 07/30/2011 9:15:38 PM PDT by Art in Idaho (Conservatism is the only hope for Western Civilization.)
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To: Siena Dreaming
Perhaps the BEST part of the deal...Obama CAVED bigtime and the left is going to be livid with him. This deal weakens Obama significantly. Just go to DU...there is hardly one positive comment about Hussein among the left-wing crowd tonite.

It looks like a pretty big win if this turns out to be true.

I guess it really depends on what your expectations are. For those looking for serious, real cuts now, they will likely be disappointed. For those that never expected any major cuts as long as Hussein is in office, but are satisfied with reframing the debate, getting a BBA vote, a deal with no new taxes, another opportunity to bang away at deficits and debt in a few months, etc, it seems like it could be a decent deal. The left will be FURIOUS which would make it all the more enjoyable.

Still, the WH is disputing this so it may not be true.

155 posted on 07/30/2011 9:15:43 PM PDT by Longbow1969
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To: Siena Dreaming

I certainly don’t disagree with your statements and analysis. In fact, you did a nice job of articuation! I clearly understand the distinction between the “deal” and the “solution”. This might be an ok “deal” in that it is a first step towards turning around our March to Socialism. I would like to see more details though. However, it is not the “solution” that is ultimately going to solve our debt problem.


156 posted on 07/30/2011 9:15:58 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: ejdrapes

‘So what happens if there is a vote and the Senate rejects it? Do the RATs still get their spending increase?’

Yes. All that is guaranteed is the vote on the Amendment, and the political issue when (if) the Dems defeat it.


157 posted on 07/30/2011 9:16:19 PM PDT by Lucius Cornelius Sulla (Liberty and Union, Now and Forever, One and Inseparable -- Daniel Webster)
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To: F1reEng1neRed

Sorry.
1. I am a dudette
2. I don’t really care to enhance my calm

We will see how things turn out, but so far, things have not looked very promising. Maybe I should stop listening to Limbaugh and Levin, but they have convinced me to be very pessimistic.


158 posted on 07/30/2011 9:16:27 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: God luvs America
it looks relatively favorable at this point...

You people are plumb crazy.

159 posted on 07/30/2011 9:16:46 PM PDT by EternalVigilance (They've swindled every penny out of the living, so now they've moved on to looting posterity.)
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To: God luvs America

That’s why I amm thinking that it might have been leaked to destroy the deal.


160 posted on 07/30/2011 9:17:19 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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