The Republicans are starting to squirm. They're also not making much sense.
Debt ceiling: Obama warns about Social Security in debt ceiling debate - latimes.com
So - they DO understand that there are trillions on the table, and they want the deep cuts - but not enough to actually bring anything of their own to the table.McConnell's proposal quickly angered conservatives on and off Capitol Hill, some of whom did not see the logic in walking away from a possible deal that could produce spending cuts in the trillions. Critics called it an abdication of Congress' responsibility, and Freedom Works, the large "tea party" group, urged its Twitter followers to tell McConnell to "find his spine."
GOP presidential candidate Newt Gingrich said in a tweet that McConnell's proposal was "an irresponsible surrender to big government, big deficits and continued overspending."
Babies. Whiners. Spineless.WASHINGTON REPUBLICANS have just made an unmistakable declaration about their priorities: Preventing tax increases is more important than reducing the deficit - even with a federal default looming on the near horizon.
We can now discount GOP rhetoric about acting like adults, about not kicking the can down the road, about making tough decisions today to spare our kids from more debt tomorrow.
Sadly, Republican leaders have revealed the emptiness of that lofty talk. They are either unwilling or unable to strike a broad bipartisan compromise on the long-term deficit. House Speaker John Boehner, who had repeatedly urged the president to do a big deficit deal, has just walked away from a possible package that reportedly would have done 75 to 80 percent of the deficit reduction on the spending side. Why? Because of a backlash from rigid right-wingers who rule out any revenue increases.
Partisanship over compromise - The Boston Globe
OK children, playtime is over. The Republicans have lost this issue. Its time to tuck tail and get this thing done. Raise the debt limit, lick your wounds and live to see another political day. Even the US Chamber of Commerce is saying "no more worry about deficit reduction, tax increases or decreases....just get'er done"
".....Chamber President Tom Donohue said in a statement announcing the letter that an “unprecedented default on the nation’s bills would have dire consequences for our economy, our markets, and Main Street Americans....."
Chamber, Business Groups Warn GOP on Debt Limit Consequences : Roll Call Lobbying
When are you [Republicans] going to learn that you are getting very bad counsel from the guys at the Tea Party. They look friendly, but they are your worst enemy. You missed an opportunity to get a good deal, but you blew it. Further pursuit of this issue is death to Republicans. Just do the responsible thing and raise the debt limit without conditions.
Last edited by upsideguy; 07-12-11 at 11:00 PM.
This **** looks like a ****ing Trojan horse to me.
"Obama would be able to veto such legislation. McConnell said he reluctantly offered the unusual proposal because it has become clear the negotiations with Obama are not going anywhere.
The Republican plan would require that Obama submit spending cuts along with his borrowing requests. But unlike the increase in the debt limit, they wouldn't automatically take effect.
Senate Majority Leader Harry Reid, D-Nev., said he had spoken briefly to McConnell about the idea and said he would consider it.
The sweeping new power would only be in effect through the remainder of Obama's term, which ends January 2013. "
Anything from that chinless puke is suspect.
McConnell proposes giving Obama debt ceiling power - politics - Capitol Hill - msnbc.com
Last edited by Donc; 07-12-11 at 10:57 PM.
The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say
I'm pretty sure it would be viewed as a bipartisan issue by most and not the "fault" of Obama.Originally Posted by Misterveritis
Balanced budget: Income = ExpendituresOriginally Posted by turtle
Solution to a budget deficit: increase income, reduce expenditures, a combination of both.
Are you really that stupid?
"I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."