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Thread: Boehner abandons goal of $4 trillion debt-reduction package

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    At some point gov has to start living within its means. It may be now or never.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by donsutherland1 View Post
    This outcome is not surprising. The negotiating approach undertaken was a bad one from the start. Each side started with its maximum position, both of which were irreconcilable, and exhausted a lot of time trying to work toward a midground that didn't exist. IMO, a lot of this time could have been saved had each party proceeded under ground rules where they would make an offer that met their core needs and also was likely to be acceptable to the other side. That way, the gaps would have been smaller and hard bargaining could have been almost immediate. Of course, the downside of that negotiating approach would be that each side would have to make a sincere effort to accommodate what the other side could accept, something that is difficult to achieve in the face of sharp partisan differences.
    the 2010 elections were about something relatively simple. Stop The Expansion. Stop The Spending.

    Have Taxes Increase To Match Higher Spending wasn't it.


    good for Boehner.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by haymarket View Post
    His act is one of political cowardice and he should be ashamed of himself.
    it's been 804 days since the party in power in upper parliament passed a budget---in times like these

    courage, anyone?

    obama is THE PRESIDENT

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Thats not accurate donsutherland1.

    In the beginning, Obama wanted a "clean" debt ceiling hike. As in no spending cuts or tax increases. Clearly that was a nonstarter given the seriousness of the deficits his budgets will create over the next ten years. And it was against the recommendations of his own deficit comittee.

    The Reps went after $4 trillion in spending cuts. Then Obama went back on his "clean" approach asking for $1 trillion in additional tax revenue. So, Beohner backed out thinking he can get a smaller deal through with no tax hikes. The smaller deal was being championed by Biden. Obama has said he will veto a smaller deal. Well see. If a smaller deal gets through the house and the senate, then an Obama veto would risk default - the very think the media has been pounding the Reps on for risking.

    Obama must lay in the bed he created and this needs to be made as painful as possible for him.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by donsutherland1 View Post
    This outcome is not surprising. The negotiating approach undertaken was a bad one from the start. Each side started with its maximum position, both of which were irreconcilable, and exhausted a lot of time trying to work toward a midground that didn't exist. IMO, a lot of this time could have been saved had each party proceeded under ground rules where they would make an offer that met their core needs and also was likely to be acceptable to the other side. That way, the gaps would have been smaller and hard bargaining could have been almost immediate. Of course, the downside of that negotiating approach would be that each side would have to make a sincere effort to accommodate what the other side could accept, something that is difficult to achieve in the face of sharp partisan differences.
    Quote Originally Posted by ZIRP4EVA View Post
    Thats not accurate donsutherland1.
    I don't think I've ever seen that statement before.

    Obama must lay in the bed he created and this needs to be made as painful as possible for him.
    And there's that "cutting off one's nose to spite one's face" attitude that's going to send us all down the ****ter. Well played. Well played, indeed.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by BDBoop View Post
    i'm dissapointed that the republicans don't want to work towards a 4 trillion deal, as in the longterm, this is what we need as a starter...2 trill is a good start, 4 would have been much better..

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by randel View Post
    i'm dissapointed that the republicans don't want to work towards a 4 trillion deal, as in the longterm, this is what we need as a starter...2 trill is a good start, 4 would have been much better..
    True. But anything that trumps the August 2nd deadline is what we have to work with.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by BDBoop View Post
    And there's that "cutting off one's nose to spite one's face" attitude that's going to send us all down the ****ter. Well played. Well played, indeed.
    What? You think there shouldnt be retribution for Obamacare (and the ensuing waivers) being stuffed down our throats?

    Hero worship only goes so far. And in the case of Obama, its led to a leaderless country in the midst of an economic and social calamity.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    *Yawn*

    Call me when a written deal exists. Until then, I am holding to my theory that Republicans are going to stall until the 2nd of August, regardless of what happens.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    there's a price for the bigger deal, or the shorter deal, depending on how you're looking at it, depending on who's paying

    there's a flip side to this negotiation that's not being recognized here

    the bigger the cuts, the higher the lift

    a 2 trillion dollar deal will deliver a lower ceiling

    one of the president's priorities is to get that limit to his credit card hi enough to GET HIM THRU THE NEXT ELECTION

    he and his party certainly do NOT want to be HERE next summer, for instance

    people like me, for example---i would be very unhappy to see the ceiling lifted 2.4 trillion additional dollars without fundamental reform of all three entitlements

    the president's natural position is to prefer a lift sufficient to get him thru---will he pay the price?

    stay tuned

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