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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

    Quote Originally Posted by Deuce View Post
    When Republicans are in charge, Democrats oppose debt ceiling increases and Republicans say it's necessary.

    When Democrats are in charge, Republicans oppose debt ceiling increases and Democrats say it's necessary.

    Obama isn't substantially different from any other president we've seen in the last 30 years.
    Then isn't it up to the American people to properly vet the Candidates according to the important issues of the day? If the American people, with the possible exception of the Tea party, are not going to demand responsibility from their politicians then the American people are going to get what they deserve. How can you possibly explain away Nancy Pelosi, Barney Frank or Charles Rangel?

    This path America is on now was not unforeseen. Everything in Barrack Obama's background told you who and what he was yet they elected him anyway, unrealistically expecting that his campaign words would mean more than his previous words and actions.

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

    Quote Originally Posted by BDBoop View Post
    Boehner abandons goal of $4 trillion debt-reduction package - The Boston Globe
    Isn't it odd that the GOP is willing to walk away from 4 trillion in cuts? This should be a dream come true for them. But since they're unwilling to agree to any tax hikes whatsoever, they're walking away from the deal of the century. I believe this will come back to bite them in the ass.


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

    Quote Originally Posted by BDBoop View Post
    Just read about this. I don't see how it is a good thing though that the GOP is prepared to abandon ambitious deficit reduction in order to save the tax cuts for the wealthiest Americans and special interests.
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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Latest:

    James Pethokoukis | Analysis & Opinion | Reuters.com

    Will House Speaker John Boehner commit Republicans to raising $1 trillion in taxes as part of President Obama’s last-minute push for as much as a $4 trillion debt reduction deal? Obama and the GOP meet Sunday evening, but things continue to develop quickly:

    1) Various news accounts Saturday morning made it sound as if Boehner was flirting with some convoluted deal where some taxes would be raised – including the high-end Bush tax cuts – but lowered later as part of major tax reform, with maybe some of the savings from fewer deduction going to reduce debt.

    2) Then on Larry Kudlow’s radio show this afternoon, the WSJ’s Steve Moore said his paper’s reporting was accurate and the GOP were being “tempted” by this offer.

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

    Quote Originally Posted by Catawba View Post
    Just read about this. I don't see how it is a good thing though that the GOP is prepared to abandon ambitious deficit reduction in order to save the tax cuts for the wealthiest Americans and special interests.
    That's because you haven't been bought by said wealthiest Americans and special interests. If they were funding your campaign, you'd see how it's a good thing!
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Quote Originally Posted by BDBoop View Post
    I believe that was from yesterday. Interestingly enough, the blog piece refers to "entitlement tweaks" in the package that would have included tax hikes. "Tweaks" fall far short of fundamental reform/commitment to fundamental reform. A really tempting offer might have included an initial downpayment on entitlement reform (i.e., changing the cost of living adjustment for SS or raising the eligibility age to be phased in over a period of years) + a commitment to fundamental reform afterward. Such an offer might have made it difficult to sustain a no tax hikes whatsoever approach.

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

    Quote Originally Posted by donsutherland1 View Post
    I believe that was from yesterday. Interestingly enough, the blog piece refers to "entitlement tweaks" in the package that would have included tax hikes. "Tweaks" fall far short of fundamental reform/commitment to fundamental reform. A really tempting offer might have included an initial downpayment on entitlement reform (i.e., changing the cost of living adjustment for SS or raising the eligibility age to be phased in over a period of years) + a commitment to fundamental reform afterward. Such an offer might have made it difficult to sustain a no tax hikes whatsoever approach.
    Yeah, I should have checked the date. And I agree with the rest. I just don't know what it's going to take to get everybody's feet back out of the cement.

    As of an hour ago:

    Major deficit reduction deal still possible, White House insists - latimes.com

    Should support for a large deal collapse, the two sides could still coalesce behind a less ambitious package that would cut the deficit and have enough Republican support to raise the debt ceiling. In his announcement, Boehner said he would prefer that approach.

    No matter what happens, Geithner said, leaders on both sides must raise the debt ceiling by Aug. 2. If the U.S. misses that deadline, America’s credit rating could be downgraded, he said, “and if that happens you’re going to see catastrophic damage across the American economy and across the global economy."

    Even Republican opponents of the White House seem to have absorbed that message.

    “Nobody is talking about not raising the debt ceiling. I haven’t heard that discussed by anybody," McConnell said.
    Last edited by BDBoop; 07-10-11 at 04:12 PM.

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

    All I can say .. after reading all these post .. . I can now fully understand why the symbol of the democratic party/ liberals is a jack ass .

    Since obama has been in office he has added 800 billion dollars a to the budget ..now in this grand gesture .. He's willing to trim 400 billion from it .. and one here says it's the deal of a lifetime
    yeah I can seen the sense in that . . instead of adding 8 trillion to our already bloated debt he's only going to add 4 trillion .. .. yep a deal just to good to pass up .. I can only hope we don't have too many more of these “great” deals to pass up ..

    in turn 100 billion a year of that “cut” is a net tax increase .. but .. hold on .. it's not a tax increase .. the article presented to prove this clearly stated this … The net effect of that tax reform plan would be an increase in tax revenue. Now I don't know what part of la la land he lives in … but an increase in tax revenue .. caused by tax reform isn't a tax increase ???

    Then in turn we have a couple here .. that insist the the Republicans are trying to Sabotage. Our economy ….. hmmm wonder if they felt the same way when they controlled the house and the senate for nearly two years before the recession started and sat on their asses and did nothing .. they must have been trying to Sabotage the economy to win the white house right ….. and they did a bang up job of it . . didn't they ..

    yep I can see the libs her living up to their symbol very well

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

    Quote Originally Posted by Swizz View Post
    I think the biggest news here is going sort of unnoticed: Obama favored a debt reduction package bigger than what Boehner wants. Where is the tea party outrage at the guy they just put in charge?
    Again.....if the day comes where Democrats--A Party that has never made a significant spending cut in US History..........actually put their names on legislation that cuts more spending than what the Republicans proposed.......expect to see unicorns flying out of monkey's butts.

    Should the day come where Obama--The Most Expensive President in History........proposes or signs something similar......look for Bigfoot on the back of the Unicorn.
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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by Swizz View Post
    That doesn't suggest no entitlement reform at all, as you had said.
    Fair enough. But, I would make the argument that whatever reform was still remaining on the table wasnt serious enough to keep Boehner negotiating. So, he walked.

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