Posted on 07/09/2011 5:35:32 PM PDT by ejdrapes
Edited on 07/09/2011 5:55:02 PM PDT by Admin Moderator. [history]
House Speaker John A. Boehner (R-Ohio) abandoned efforts Saturday night to reach a comprehesive debt-reduction deal, telling President Obama that a mid-size package was the only politically possible alternative to avoid a first-ever default on the nation
(Excerpt) Read more at washingtonpost.com ...
Another outright lie by Timmy boy!
There is more than enough cash coming into Washington to service the debt even if the debt ceiling NEVER gets raised!
What Timmy REALLY means is that we won't be able to continue to pay off the democrat voting base if we can't borrow more money!
Obamacare is a seperate issue from the one people are saying he’s caving on. They are saying he will agree to raise taxes.
But all are missing the point I’m making which is, if you walk away from negotiations, that does not = caving.
People are reading this story and saying such as...”I knew it...he’s caving”.
Excuse me for reading and understanding plain English, but that’s what I went to school for and I learned it rather well...
Agree. Lay off the Speaker. Think of it this way: if the House were still run by Pelosi, there’d have been a massive ceiling increase probably twice by now. Thank the Lord for a GOP House in 2010 and pray for white House and Senate victory in 2012
you think the senate and zero won’t go for extending the debt limit for some token nonexitant spending cuts???
Why do we have Caveman Jack as our Speaker? Can we have a new Speaker with “a pair” please?
The cuts are likely spread out over 10 years in the future, so that they can be altered, disregarded, or forgotten when the time comes to actually save money.
This whole debt reduction talk is just a big dog and pony show. As far as real cuts, if they don't cut current appropriations, it's nothing more than a mirage.
” If this is really what Bohner is working with he would be far better off to walk out and hit the ceiling, which will force an immediate balanced budget.
But he won’t.
As with every so-called “fiscal conservative”, including those in the so-called “Tea Party” such as Southerland, Miller and others, he is in fact a lying sack of crap. “
He and McConnell will stay in power, thereby nullifying any gains we allegedly made last fall.
The game is rigged, my good man....and we are the peasants.
For a spending authorization to become law, it must a.) originate in the House, b.) be agreed to by the Senate and c.) signed into law by the President.
The House cannot enact legislation on their own.
This is precisely what I think. The Dims are bluffing. Let them block it, or let Obama veto it, then they own defaulting on the deficit.
Why? Because they want to tax people more. This was deliberate. This is part of the overall strategy of forcing more and more socialism on us. Cause a crisis in order to force the U.S. to raise taxes on the upper 1% and redistribute the wealth.
Call their bluff!
What part am i missing???
The Snake-Oil Bottle. Remember the great deal Bonehead cut with the “Continuing Resolution”? The 33 Billion that they sold to America that turned out to be @ a 355 million?
One MUST factor in the snake-oil when listening to these hacks.
A simple majority won't get the job done. There's two problems. the first is it takes 60 votes in the Senate to stop debate. If the Dims keep at least 41 seats, they can prevent the Senate from passing a bill.
Beyond that, we've got the RINO problem. With people like John McLooser and company, the Republicans would need to take at least 66 seats in the Senate to pass the painful legislation that's needed. It ain't gonna happen.
It looks like big gains in the 2012 election and then back to business as usual. With, John McLooser's face on TV regularly.
exactly!
in ten years the debt will be 27 trillion dollars, let that sink in for a second.
right now, at 14 trillion, just a 1% increase in the average interest rate would increase the annual deficit by 140 billion dollars.
all they are doing is re-arranging the deck chairs on the titanic.
got gold???
Socialism is great until you run out of someone else’s money.
Really?
How do you know?
Nothing has happened yet.
driftdriver...Give Americans the chance to vote yes or no to giving financial aid to Pakistan after they hid Osama bin laden. We should have had a say in the bailout of all the banks, which is probably going to be the downfall of the US. Yes, the majority of Americans will take time to understand the issues, and vote with good common sense. That would be better than a few people voting to put our country in debt to the tune of Trillions of dollars that we don’t have. I’ve ran a household for over thirty years, have an excellent credit score, and know how to live within my means. A handful of people in Washington haven’t learned how to run the country within our means. What’s wrong with that picture?
Nothing has happened yet.
You project something that hasn’t happened and you rail against somebody for doing something he hasn’t done, and you feel swelled up with righteous indignation as if it were fact.
Not to mention, we are going to rid ourselves of this evil regime, way before all this projected timeframe happens.
The Speaker walked away from the meeting rather than make a bad deal. What’s all the bitching about?
“That is what I don’t understand, unless the “cuts” are some years out, which makes no sense at all.”
It makes perfect sense if you never plan to enact the cuts, which is why cuts are always postponed, never in real-time. They want more of our money, with just the promise of cuts in the future.
Like it or not, the House is only half of one co-equal branch of the government. Boehner is not king like 0bama is not king. He can’t do everything.
Our current deficit is about 1.5 trillion. That means that our total debt increases by that amount each year. To balance the budget we would have to cut our spending by about 30%. Either cut everything by thar amount or some things more than others. We must close the deficits by getting more taxpayers through growth.
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