Posted on 07/31/2011 6:47:10 PM PDT by 2ndDivisionVet
The Tea Party came under fire from all sides Friday after House conservatives nearly brought down Speaker John Boehner’s debt-limit bill. John McCain went to the Senate floor to mock Tea Partyers as “hobbits,” and Democratic Rep. Chris Van Hollen said Tea Party Republicans “are unfit for governing.”
What a difference a weekend makes. The reported debt-limit deal appears to be a victory for the Tea Party. It includes around $1 trillion in spending cuts and creates a special committee of Congress to recommend cuts of $1.2 trillion more. If Congress does not approve those additional cuts by year’s end, automatic spending cuts go into effect. The package sets an important new precedent that debt-limit increases must be “paid for” with commensurate cuts in spending. According to Sen. Rob Portman, a former White House budget director, if we cut a dollar of spending for every dollar we raise the debt limit, we will balance the budget in 10 years — something that even the Paul Ryan budget would not achieve. And all this is accomplished with no tax increases.
The devil is in the details, of course. There are troubling reports that the agreement may disproportionately cut defense spending. Conservatives should ensure that the final deal, which is still being hammered out at the time of this writing, does not gut defense. They should scour the legislation to make certain it lives up to its billing. If it does, the Tea Party has won.....
(Excerpt) Read more at washingtonpost.com ...
IF THE WASHINGTON POST SAYS WE WON WE ARE REALLY f’ED.....
The deal allows the Bush tax rates to expire, that is a tax increase......
Call and tell them to vote HELL NO.
He’s with AEI, not WaPo.
This is about the third article I have read from the Post saying how the Repubs won.
We are truly screwed.
So if I spend $1 dollar less every year, why do I need to borrow $1 more every year?
It’s just best not to pay attention to the MSM period. Most of the time you can observe them from a distance, but now you might as well just shut them off entirely.
NOONE has won anything, because the Bush tax cuts will expire, and that’s a tax increase. The military budget will be gutted, if the 3 dems and 3 GOP miss deadline on reducing spending cuts in October, and cannot agree.
Obama is master deceiver, and they only get a vote on the Balanced Budget Amendment...that’s not a win.
How many things has REID tabled without a vote. This is not a win, and 2 trillion over ten years is chump change, and the debt climbs.
The ony hope is Obama loses in 2012. Today I heard thousands of layoffs are coming from several companies, on top of bad news already...double dip recession in the next year...count on it.
I’m not holding my breath on this one, especially with the “super committee” provision, which is a complete joke.
Hobbits kneel for no man.
LOL, the debt will be 26 trillion in 10 years, how many more time can we afford to win. A super tanker could not carry thy load of BS.
Hobbits rule the WAPo has to acknowledge.
LOL, the debt will be 26 trillion in 10 years, how many more time can we afford to win. A super tanker could not carry thy load of BS.
Well, to be accurate the Bush Tax Cuts expire in October 2012. This will have to be renewed. If not, the markets will head south just a month before the general elections.
Doesn’t everyone love Hobbits?
if we cut a dollar of spending for every dollar we raise the debt limit, we will balance the budget in 10 years
Now I’m really confused. I cut my monthly spending by a dollar each month. But I raise the amount I CAN spend every month. And that’s a balance?
Hilarious. Even if the get the full 2.2 trillion, it's nowhere near what Obama's already spent since 2009.
I suppose this “hobbit” comparison would mean the Dems are orcs and Obama is Sauron.
“The deal allows the Bush tax rates to expire”
No way Obama has the guts to defend that during a Presidential Election year.
I am glad to be called a Hobbit. The Hobbits had a small government. They had mayors and sheriffs, but virtually no governmental bureaucracy. While Hobbits could be called naive and were all too willing to share, they did not steal from each other and believed in private property. So yes, I am glad to be a Hobbit!
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