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 ...
I like this framework. It does a fairly good job of holding the politicians accountable. It is not perfect, but a good way to get over the hump.
This country desperately needs a national election ASAP!
Umm.. Reid’s bill was loaded assuming Bush tax cuts expired. Between that and the “War Cuts”, he had nothing.
No guarantee - at least in this report - that it goes to the states. Guess we should all just wait to see the details.
Obama gets what he wants politically, which is the only important thing to him: taking the debt and spending off the table during the election.
$2.8 trillion gets him past the election
Everything is wrapped up by December, before the election gets underway.
December offers another opportunity to split off the Tea Party house members from the other Republicans, letting the MSM go to work painting them as extremists. RINOs will vote for any $1.8 trillion in cuts offered by Obama in the “out years” to avoid the Medicare cuts and pushing grandma off a cliff.
What we need is a debt ceiling increase that takes us to Sept-Oct of 2012, and let the issue come up again and let the public decide between Tax Borrow & Spend and Cut Cap & Balance.
That's not the way I read that post...appears the cuts are across the board to every program "including" Medicare and the Military if the committee recommended spending 'cuts' (which are probably just reductions in the rate of increase if history is any guide) do not get passed - there is no "first" or "last" with the across the board cuts.
It says a vote on BBA. I thought CCB and Boehner 3.0 required a BBA amendment to the states which means it would have to pass both houses of congress in order to get more spending. So what happens if there is a vote and the Senate rejects it? Do the RATs still get their spending increases?
Seasons on - ever other year.
Uh, lets see...was that baiting to get me called a Troll again by Jim?
Nice try...now why don’t you just try to keep Freeper forum of conservative discussion?
Bimgo. Dumpster is going to explode.
I agree, even though the dems MSM enablers kept spinning it was looking poorly for the GOPers, the internal polls don’t spin and nobama knew if was now or never. Dingy harry better be prepared for the WON laying load of blame on him.
Then again, nobama ain’t signed dog doo yet and could pull another flipflop just when everyone was about to let out a sigh of releif.
In exchange for this he has to own up to across the board cuts. Who cares if he doesn’t get another debt ceiling increase vote. The cuts will be somewhere and the WH will own them. This would take a campaign issue away from the Dems.
Under this deal, if spending is greater in 2012 than it is in 2011 do you consider that to be a spending cut?
I disagree, the whole thing is a distraction from what the 2012 will really be about ... JOBS.
We need to stay focused on that issue, and hand it around Obama’s neck.
The other great thing about this is that it’s going to make his base even more mad at him. They were already mad before because they thought he was giving too much with no tax increases, but they’re going to be fuming now. Indy’s were mad at him for his lack of leadership on this and trying to scare seniors that they weren’t going to get paid. He’s really in a lose/lose situation now and may see his numbers continue to drop. Oh well...it’s all self-inflicted. He wanted to play chicken and thought the Reps would flinch last week.
That's the way I see. I'm going to cool my jets and wait for a more detailed report.
You might be right, but I have a different take. Obama cannot "re-invent" the economy in a mere 4 years, and tax increases will make re-election difficult. Tax increases are the engine that make "spread the wealth" work, in his mind. If Obama is elected in 2012, we will see tax increases, and not just on the wealthy.
It looks like the GOP got everything they wanted.
///
respectfully, i disagree.
our best chance to survive as a nation, was to NOT raise the cap.
to HOLD THE LINE as Jim Robinson, Rush, and Mark Levine said.
http://www.freerepublic.com/focus/news/2755346/posts
We’ve Been Played for Saps, Folks: Boehner Bill Will Become Reid Bill
RushLimbaugh.com ^ | 7/28/11 | Rush Limbaugh
http://www.freerepublic.com/focus/f-news/2755395/posts
Urgent message to the Tea Party Freshmen and fiscal conservatives: HOLD THE LINE!
July 28, 2011 | Jim Robinson
even the Boehner plan, added 2.4 trillion to the Cap,
and 9 TRILLION more to the deficit.
we cannot afford that. there will be no economy left in 2013. especially after the debt rating goes down, and increases interest payments on our 17.5 trillion debt.
which happens even under the Boehner plan:
http://www.freerepublic.com/focus/f-news/2756453/posts
Moody’s: Neither debt plan protects the nation’s AAA rating [ Well then Cut cut cut ]
The “limited magnitude” of both debt plans put forward by congressional leaders would not put the nation’s AAA credit rating back on solid footing, Moody’s Investors Service announced Friday.
And I believe anything ABC publishes why?
That was always going to happen anyway. The furthest Boehner took the 2nd part was up to March.
Looks like the concession to the WH was to bring it back to November. But it's still in 2 parts and now if the discussions don't work there are automatic cuts to Medicare...which is anathema to the Dems.
I'm amazed that Boehner got this much. I think all along the Speaker had way more political capital than the headlines attribed to him.
I think what you outlined describes a tactical victory for Boehner/GOP.
When the got going ALL the Libs wanted was to raise the debt ceiling AND increase Taxes.
Given there’s a plan with NO ADDED Taxes, this has to be a win.
Obama has to look like a clown for singing off on these cuts, especially given that he was the one responsible for the increases to begin with.
Its only a good start, for me.
But its a hell of allot better than the outcome Bammy/Harry/Pelosi originally wanted.
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