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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: HeartlandOfAmerica
This IS an absolute disaster but one that pretty obvious in coming. Boehner has been open that he was willing to cut a deal that most of his caucus would oppose and that is probably what we have. The cuts are tiny reductions in the rate at which government spending grows. Obama gets trillions more to play with. The leverage the Republicans had over Obama with the debt ceiling issue will be gone at least for the next couple of years. The BBA vote was going to happen anyway. Boehner can call a vote on that at any time and Senate Republicans were going to tack it onto legislation in that chamber anyway. The commission recommendations will be like every other deficit commission in history — utter nonsense. The automatic cuts sound nice, but even if there are no gimmicks the amount of cuts is a drop in the bucket. This will pass, we'll lose our AAA bond rating and everyone will hate both parties. Sounds like my kids just got rooked by a bunch of RINOs and emperor Barack the first.
161 posted on 07/30/2011 9:17:29 PM PDT by GOPToad
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To: Clairity

It’s stupid and damaging to cut spending in very government program? LOL Okay, sure, we’re going to have to disagree there.

Anyway I’m not going to debate specific provisions until we have the actual bill and language. I’m having a hard time believing the Democrats are guaranteeing cuts or else they’ll okay cutting off grandma and grandpa at the holidays. Not that it will happen but that’s what republicans are accused of when they want to cut entitlements.


162 posted on 07/30/2011 9:17:29 PM PDT by Soul Seeker ( I was there when we had the numbers, but didn’t have the principles.---Jim DeMint)
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To: treetopsandroofs

I could not disagree more. If we went into default, the GOP was done.

Now the economy is still on Hussein’s shoulders and can’t be blamed on the GOP. If we can’t beat Hussein now with as bad as this country is, then we don’t deserve it.

Of course, that may require some of you to hold your nose and vote for Romney if he’s the candidate...will you do it? That’s the bigger question.


163 posted on 07/30/2011 9:17:39 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: EternalVigilance

Uhmmm...the $2.8 TRILLION will have to be repaid by the taxpayers, with interest. Mostly taxpayers who haven’t been born, or even conceived yet. Do you get it? This is a $2.8 TRILLION dollar tax increase ON THEM.
///
great great post !!!

our children are being turned into serfs !


164 posted on 07/30/2011 9:18:17 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: EternalVigilance
They wanted two TRILLION plus more dollars to squander, and they're going to get it.

...and if they do it right, they can spend it all by Sept. 1, 2012. ;)

165 posted on 07/30/2011 9:18:25 PM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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To: EternalVigilance

They agreed to extend the debt ceiling past the 2012 elections, agreed to some stupid committee making decisions, or across the board cuts, which are stupid, see my earlier post a few posts back.

Nobody agreed to actually pass a balanced budget amendment.

Nobody agreed to “no new taxes”, only not right this minute.

This is all just to save face, the only thing the Dems wanted, is a large increase in the debt ceiling and they got it. None of the other stuff is real.


166 posted on 07/30/2011 9:18:50 PM PDT by Clairity ("The United States needs to be not so much loved as it needs to be respected." -- VP Dick Cheney)
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To: Elendur

I agree Elendur, and this is not a win for the Republicans no matter how they try and paint the picture. And it’s certainly a loose for the people. These cuts are “nothing” for the size of the overall debt. To even imagine 12 men in a room are going to agree to cuts for the good of the public? Not going to happen...they are all open for blackmail of the worst kind for what they might determine.

Worse is Obama....I said he’d put on his hero cap and come into this, he’s holding his Ace’s and will use them...come out smelling like a rose. I hate him.


167 posted on 07/30/2011 9:19:04 PM PDT by caww
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To: Elendur

‘respectfully, i disagree. our best chance to survive as a nation, was to NOT raise the cap.’

The GOP position was to raise the debt limit. You and I might not like it, but it can’t be considered a defeat of the GOP position.


168 posted on 07/30/2011 9:19:34 PM PDT by Lucius Cornelius Sulla (Liberty and Union, Now and Forever, One and Inseparable -- Daniel Webster)
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To: Beaten Valve

You can cut the bloated federal payroll and cut salaries, perks and bennies immediately. You can stop subsidizing and giving away money immediately. You can repeal and abolish ObamaCare immediately without hurting anyone. You can shutter and close entire departments and we’d never miss them. You can quit supporting every damned liberal/communist cause that comes down the pike, including public broadcasting, acorn, seiu, planned parenthood, the UN, etc. You can quit spending our money on illegal aliens! You can declare victory and bring our troops home. You can cancel the damned shovel ready projects and bridges to nowhere! You can stop the asinine bullet trains. You can knock off the endless studies. You can stop the damned federal wars against industry, energy, capitalism and the formerly free American people!


169 posted on 07/30/2011 9:19:52 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: bushwon

Limbaugh was already proven wrong about the Boehner Bill becoming the Reid bill (Red State’s idea as well).

I think this was leaked to destroy it, because I don’t see 0bama going to his base with this bill.


170 posted on 07/30/2011 9:20:42 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: bushwon

I’ve been accused of being too negative. But like you, I listen to people who are a lot smarter than I am who tell me things are bad and going to get worse.


171 posted on 07/30/2011 9:21:12 PM PDT by Terry Mross (I will only vote for a SECOND party.)
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To: Elendur

Well, I guess we should be happy there wasn’t a 2.8 trillion dollar tax increase. sarc


172 posted on 07/30/2011 9:21:18 PM PDT by Terry Mross (I will only vote for a SECOND party.)
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To: Beaten Valve
Early Sunday vote has been “postponed” by Reid...

In the words of Susana Rosanadana, "Never Mind". Man does this make Reid look bad.

173 posted on 07/30/2011 9:21:32 PM PDT by Mike Darancette (Obama, eat your GOPeas.)
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To: GOPToad

Who decides which dems and which rinos are on the commission?


174 posted on 07/30/2011 9:22:40 PM PDT by Terry Mross (I will only vote for a SECOND party.)
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To: SideoutFred
Of course, that may require some of you to hold your nose and vote for Romney if he’s the candidate...will you do it? That’s the bigger question.

I've warned y'all for a long time that if you nominate Romney the GOP is done.

But it may not matter anymore. You may well be done now in any case.

175 posted on 07/30/2011 9:23:55 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: one Lord one faith one baptism

I think this is brilliant. It means Obama “owns” the economy and likely will lose in 2012. If the GOP let this country go into default (and you can bet your bottom dollar the press and everyone else would have blamed the GOP), then Obama would win in 2012 because he would claim the economy mess was a result of default. It would also mean losing the House in 2012.

Sometimes you guys need to take small victories in the pursuit of the large victory. This probably assures Obama is out in 2012.


176 posted on 07/30/2011 9:24:09 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: achilles2000

Agreed.

Frankly, I think 0bama wanted this done by the start of Ramadan. I have always thought so. Besides, 7 + 3 + 1 adds up to 11, a very good number for islam.

Yeah. It’s ‘apparently’ tin-foil.

But I believe it’s true.


177 posted on 07/30/2011 9:25:31 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: jeltz25

‘I say, you had the WH, the House and the Senate from 2003-2006 and what did you?’

We didn’t have the WH in 2003-2004. Bush was President.


178 posted on 07/30/2011 9:25:32 PM PDT by Lucius Cornelius Sulla (Liberty and Union, Now and Forever, One and Inseparable -- Daniel Webster)
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To: Perdogg
Explain, The GOP got everything it wanted

NO INCREASES IN TAXES and Dollar per Dollar cut. Exactly!!! But it shouldn't surprise you that a lot of people here will complain until the cows come home because we didn't shut down gov't and erase all $14 Trillion in the next 2 weeks. This is a good thing and bodes well to get Obama out of office.

179 posted on 07/30/2011 9:25:57 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: Siena Dreaming

“I’m pretty happy with it.”

What exactly is being cut in the near term?


180 posted on 07/30/2011 9:26:09 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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