Posted on 07/15/2011 9:34:02 AM PDT by izzatzo
While Barack Obama went to the press for the third time in 17 days, John Boehner and Eric Cantor called his bluff in the House. The Republican leadership announced that the House would vote on a plan to raise the debt ceiling by $2.4 trillion and matching cuts:
(Excerpt) Read more at hotair.com ...
2.4 trillion in cuts?? over 10 YEARS! why not just cut 50 billion over the next 100 years.. makes as much sense.
probably not even 240 billion in the first year.. this plan is a big FAIL.
Good. Have it ready for a vote on Monday.
It is a smart move - I like cantor and ryan
Hope the TP conservatives stay united and prevail on this vote and defeat it. As a TP tax payer & citizen I want cuts & caps and a vote on an amendment to balance the budget each year.
here are some relevant Graphs...to pass around (e-mails to liberals)
NO! Cut 50 million over the next 2 years or no immediate increase. If there is an immediate increase, why not an immediate decrease (the truth here is no one on DC will EVER cut a government program and this shows it!)
Welcome to Free Republic.
I agree. It calls Obama’s bluff. It puts the onus back onto the Dems. It is good for the country and it is a good move politically.
BTW -
Shared sacrifice was the Soviet Union’s model.
The United States of America is about enjoying the prosperity that comes from liberty. Liberty creates prosperity by by freeing the American spirit of ingenuity, risk, productivity, and reward.
No way do I accept Obama’s “shared sacrifice.”
How is it that we can claim to have had a balanced budget, but yet the debt continued to rise?
If McConnell had kept his trap shut this move would be a strong hand.
The Can is on the 40 at the right hash mark. It is a 47 yard attempt with a strong breeze from the left. Theres the snap! The kick is up! The kick is..........
I’m thinking that’s why they are proceeding with a vote-so it can be defeated. If they fail, there will be hell to pay.
50 million over 2 years? 25 million a year? That’s not even the root of an ingrown hair on the ass of Moochelle compared to the problem we have.
Did you maybe mean 50 BILLION over 2 years? That’s palatable but not even close to solving any issues.
5 TRILLION in 2 years is more what I’m looking for and easily attained with entitlement reform and Obamacare repeal, two things that have as much chance of happening as Obama growing a brain.
Superb graphics. Should be blown up into poster size and plastered on every workplace bulletin board.
On a certain level you are correct. The GOP is not going far enough. However, we are fighting a war on two fronts at the same time. We have the fiscal war and we have the political war. If we can slow down the advance on the fiscal war front and win the political war we may survive long enough to win the fiscal war too. But if we lose the political war we will not survive to fight more battles.
Wars are often won by not losing decisive battles rather than winning every battle. And this is war. It is not a game like in sports where a daring coach can risk the entire season on one play. If we lose the overall war there won’t be another season.
General Patton said something along the lines of it is not heroic to die for your cause but rather to make the other stupid son of a bitch die for his.
Raising the debt limit without significant reforms is foolish.
The Debt Limit is like a line of credit to a business. I and many others here have seen a company in trouble hitting the credit limit in action before.
A company that has run up against the line of credit but still has cash flow to pay must reorganize to demonstrate an ability to repay the debt. The Federal Government does not have the ability to repay the current debt without restructuring. Why should the limit go up? Isn’t this pouring good money after bad?
The $112 bil offered this year is a pittance compared to the 1.2 to 1.4 trillion in debt this year and for years into the future. Where is the $200 bil in reductions we were supposed to see earlier this year?
A 2.4 trillion increase in the debt limit will only delay the systemic problem we have... the government spends too much money on ENTITLEMENTS we can’t afford. No free market system can operate for long with 25% dead weight unproductive overheads. No society can survive very long with half being supported by the other half.
The debt hole we are in is so deep we probably can’t dig out of it, why keep digging?
This will certainly further marginalize the Tea Party candidates and the Tea Party movement.
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