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Thread: Top Sen. Republican: deal very close on default

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    Top Sen. Republican: deal very close on default

    The top Republican in the Senate said Congress and the White House were very close to a deal on raising the limit on U.S. borrowing that would avert an unprecedented default on America's debt, ending one of the nastiest partisan fights in recent memory.

    Senate Majority Leader Mitchell McConnell said he was nearing a recommendation of the tentative agreement to Republicans in the upper chamber. It would, he said, likely extend U.S. borrowing authority, which expires on Tuesday, beyond the 2012 presidential and congressional elections, a fundamental demand of President Barack Obama.

    At the same time, the agreement would include none of the tax increases Obama has sought and Republicans had steadfastly rejected. It also includes, he said, the requirement that both houses of Congress vote on a constitutional amendment to balance the budget. That outcome of that vote, however, would have no effect on raising the debt limit...

    The deal, negotiated late Saturday night, would raise the nation's debt limit would rise in two steps by about $2.4 trillion and spending would be cut by a slightly larger amount, according to officials close to the talks. The first stage about $1 trillion would take place immediately and the second later in the year....

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    Re: Top Sen. Republican: deal very close on default

    Sounds like standard Politics as Usual.... the Republicans will cave like a house of cards and the American people will end up screwed over in the end. However, I'm not so sure that the top Republican in the Senate can state so forcefully what the Republicans in the House would do with such a bill.

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    Re: Top Sen. Republican: deal very close on default

    This was about what I expected. The only toss up in my mind was on whether revenues would be raised.

    While it could be better, I hope we pass it since its better to have something imperfect but useful than to run against the debt ceiling.

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    Re: Top Sen. Republican: deal very close on default

    Quote Originally Posted by megaprogman View Post
    While it could be better, I hope we pass it since its better to have something imperfect but useful than to run against the debt ceiling.
    This is where we will disagree. I am a firm believer that "good" is the enemy of perfect. I am sincerely hoping that the Republicans in the House have the intestinal fortitude their collegues in the Senate do not.

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    Re: Top Sen. Republican: deal very close on default

    Quote Originally Posted by Tigger View Post
    This is where we will disagree. I am a firm believer that "good" is the enemy of perfect. I am sincerely hoping that the Republicans in the House have the intestinal fortitude their collegues in the Senate do not.
    then, with all due respect, you need to change your lean. Conservatives recognize that you will never get the perfect. Libertarian is the utopian mindset you are reaching for here.

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    Re: Top Sen. Republican: deal very close on default

    Quote Originally Posted by cpwill View Post
    then, with all due respect, you need to change your lean. Conservatives recognize that you will never get the perfect. Libertarian is the utopian mindset you are reaching for here.
    With all due respect sir, I have to disagree. Libertarianism is NOT an idealist philosophy. In fact it's the ultimate fence-sitting position as it doesn't actually really believe in anything other than "Freedom and Liberty"; which we all know are really just illusions. As an Idealogue and an Authoritarian (the ultimate form of Conservatism so far as I'm concerned) I see no point in compromise and never have.

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    Re: Top Sen. Republican: deal very close on default

    Now this is going to become really interesting.

    oh - and the deal - what I can find out about it - sucks.
    Last edited by haymarket; 07-31-11 at 12:14 PM.
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    Re: Top Sen. Republican: deal very close on default

    Other than the vote for a Constitutional Adm (which is really saying there won't be one) it's what I said would be the outcome a few days ago.

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    Re: Top Sen. Republican: deal very close on default

    that's positive, though - puts everyone on record for 2012.

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    Re: Top Sen. Republican: deal very close on default

    This proves to me what I learned back while I was working my way through college. I worked in a hotel which had several bars and nightclubs. When they lowered the drinking age to 18 for a brief time, we suddenly had lots of fights in the clubs where before we had very few. Kids could not hold their liquor I guess. I noticed that the winner of the fight - barring some tremendous advantage in size or skill - was usually the one who was the absolutist craziest over-the-cliff guy in the fight. Bet on the crazy one every time regardless of size or age or anything else and you usually have the right guy.

    Which explains why these negotiations turned out the way they did.

    Obama up against the House Republicans - he really does not stand much of a sporting chance.
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