Skip to comments.White House, Republicans Strike Tenative Deal To Raise Debt Ceiling
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 ...
Agreed that jobs and the economy will be the real issue but I think this was an opportunity to get so much more. I think Obama would have folded in the end. Not totally. Not “ok, lets repeal health care” level folding. But we could have gotten the BBA to the states along with every thing else, and I think that would have been a much bigger win.
Guessin the paulnutz could blame it on the bilderburgers.
“Good point. When has a tax increase EVER been attached to any previous debt ceiling increases?”
The deal that we thought was happening when Boehner walked out? Bozo tried sticking in a bunch of tax increases in at zero hour.
And he gets $2.5 trillion to fund his ACORN re-election team.
It’s worse than that. Obama put Medicare on the chopping block. The liberals in the House such as Conyers will lose their minds over this.
Of course, the “deal” is ridiculous. It does nothing to stave off a financial collapse, which now is inevitable. The only question is when?
The $1.8T cuts approved by Congress in Dec will be illusory, kicking in in the “out years” or counting things that were winding down anyway, like the wars.
What Obama will be able to say during the election is look, I “solved” the spending and debt problems together with the “responsible” Republicans, and it’s not an issue anymore [yes, you and I know that’s bs]. Now let’s talk about how racist my opponents are.
Starting with the $105 billion to implement the damn thing. Michelle Bachmann is the only presidential candidate even talking about it.
Dude, enhance your calm! We know very little about this at this point or if this is even accurate.
Yes and i don't think it will be easy. It's bad enough for Rs that it will have trouble and the dems won't like it either.
“Special committee to recommend cuts of $1.8 trillion”
Proposed committee members: Harry Reid, Harry Reid, Harry Reid, Harry Reid, Harry Reid, and Harry Reid.
Interesting that we forgot about obamacare. I guess that “We will defund obamacare” campaign promise wasn’t kept.
Oh, well. Baptist preacher Huckabee said tonight it’s okay to lie during a campaign. Those weren’t his exact words but that’s what he meant.
In the end, I don’t think any of this will matter. The election will come down to jobs. If unemployment doesn’t get any better, he’ll lose. If it gets better, he’ll win.
All this other stuff is for show.
If it’s still at 9% or higher in the fall of 2012, he’s done. If it’s closer to 8% or even below it by then, he’ll win.
No that can’t be. All those trolls said the republicans would cave and the rats would look good. Oh well they can’t always be right.
If this report is true, I agree with you. I am not happy with the solution, but it was not the typical Fred Flintstone (Cave Man) approach.
They voted to repeal it.
IF this is the actual deal, it looks like Hussein caved more than we did.
Oh I'm sure there will be no real spending cuts other than what is in next years budget (a few billion tops), but we get the BBA vote which the Democrats desperately want to avoid, no new taxes and a chance to refight this again in November and December this year. And because the budget wars kick off soon anyway, we just might be able to keep the massive budget deficit and debt issue number one all the way through the rest of Hussein's term.
For anyone that expected real cuts, they'll be disappointed. As for me, I never believed there was any actual chance of real cuts till Hussein is out of office and we have the Senate back. Shifting the debate as far as we have is a victory in and of itself.
If there is a vote Early Sunday Morning then this story is not true.
After reading a few details, here is my impression :
It is virtually the same as the Boehner deal in the actual cuts, which will likely be back-end loaded (we expect about $10-20 billion in 2012 cuts), but the Democrats get what they want in that it will not require a second debt ceiling hike before Obama’s re-elecetion as $2.8 trillion should last well into 2013.
As for “future cuts”, well, that’s easily what Congress is so very good at. Indefinite future cuts that is
Because it would include spending cuts, with tax increases.
I am with the previous poster, though, that the BBA, in some form, must go to the states as a condition precedent.
No taxes increases = good, but without tax cuts, this is epic fail.