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Top Sen. Republican: deal very close on default

cpwill

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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....
 
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.
 
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.
 
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.
 
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.
 
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.
 
Now this is going to become really interesting.

oh - and the deal - what I can find out about it - sucks.
 
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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.
 
that's positive, though - puts everyone on record for 2012.
 
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.
 
If the deal pass's as CPwill says...then Obama and democrats are losers and Obama put another nail in his coffin for 2012....
 
well, let's not get our hopes up. :)
 
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.......<snipped as the rest is irrelevant to the point>. ..

Nice fruedian slip. You speak the truth, as anyone that believes that the Republicans do not control the Senate is not paying attention.
 
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.

The Republicans cave? Are you kidding? They got 80-90% of what they wanted. Nice game of chicken with the American economy, but the Republicans won big time.
 
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.

In the end, we are left with the two party system: the party of wimps and the party of fools.
 
Nice fruedian slip. You speak the truth, as anyone that believes that the Republicans do not control the Senate is not paying attention.

Well, with 11 Senate Democrats from red states up for re-election next year, you're right.
 
The Republicans cave? Are you kidding? They got 80-90% of what they wanted. Nice game of chicken with the American economy, but the Republicans won big time.

The Republican Party may have won, but giving up even 1% of what they should have been demanding means that they caved.

I'd be more than happy to play "chicken" with more than the American economy if it meant fixing the problems in this country.
 
In the end, we are left with the two party system: the party of wimps and the party of fools.

There are times I would argue with that characterization.

Not today.
 
Senator Reid has signed off on the debt-ceiling agreement pending caucus approval.

...While both sides stress that nothing is final yet, the contours of the would-be agreement suggest a more practical approach by Republicans, led by Senate Minority Leader Mitch McConnell, to achieve many of the party’s goals without pushing Obama and the nation into default.

Quoting a figure of $3 trillion though declining to provide details, McConnell confirmed Sunday morning on CNN’s “State of the Union” that both sides were “very close” to a deal. “We’ve made dramatic progress in that direction,” he told Gloria Borger.

Sen. Chuck Schumer (D-N.Y.), speaking on the same CNN show, also said a deal was close: “If there’s a word that would, right here, that would sum up the mood, it would be relief. … Default is far less of a possibility now than it was a day ago."...

The proposal builds on elements of a House-passed bill that would save $917 billion over the next 10 years and raise the ceiling by $900 billion in two increments, which should carry the government through the end of this year.

In the interim, a new joint committee would be charged with coming up with an estimated $1.5 trillion in additional deficit reduction, less than targets set in the House measure but still judged sufficient to match Treasury’s remaining borrowing needs to get though the 2012 election year.

Obama is not guaranteed that he will get the full combined $2.4 trillion debt increase that has been proposed, but he would, nevertheless, avoid the recurring threat of default next winter if the committee were to fail to meet its target.

Instead, the proposal calls for severe across-the-board cuts as the action-forcing device — cuts affecting Democratic domestic priorities, including Medicare, but also about 50 percent would come from defense spending, which is a major priority for many Republicans...
 
The Republican Party may have won, but giving up even 1% of what they should have been demanding means that they caved.

I'd be more than happy to play "chicken" with more than the American economy if it meant fixing the problems in this country.

So what you happen to want as an individual is exactly what the Republican Party wants? Way to think for yourself. Heck even the Repubilican party is a divided house on many issues. But I'm curious what exactly would you play chicken with, or do in another way, to get what you want.
 
So what you happen to want as an individual is exactly what the Republican Party wants? Way to think for yourself. Heck even the Repubilican party is a divided house on many issues.

I'm not a believer in compromise. I am definitely not a believer in raising taxes. Especially when I could take a chainsaw to all the waste in the budget. The Tea Partiers should have forced the Republican Party to stay true. They and the party at large both failed, and it will be very difficult for me to vote for their Party again.

But I'm curious what exactly would you play chicken with, or do in another way, to get what you want.

What do I want to get?.... I want to see the Cosmic Reset Button pressed on this country. We've had two major wars fought over this country. The People won the first one and lost the second one. I'm hoping to live to see the rubber match which will either be a nationwide enema for this country or the end of its meaningful days.
 
Raising the Debt Limit without enacting actual CUTS to programs, not this pittance of $1,000,000,000,000.00 in new spending cuts over ten years... all this is... it's a PUNT.
 
I'm not a believer in compromise. I am definitely not a believer in raising taxes. Especially when I could take a chainsaw to all the waste in the budget. The Tea Partiers should have forced the Republican Party to stay true. They and the party at large both failed, and it will be very difficult for me to vote for their Party again.



What do I want to get?.... I want to see the Cosmic Reset Button pressed on this country. We've had two major wars fought over this country. The People won the first one and lost the second one. I'm hoping to live to see the rubber match which will either be a nationwide enema for this country or the end of its meaningful days.

The cosmic reset button, are you that out of touch with reality or just trolling? There's no reset button, the past cannot be erased there's no going back to the way thing were the world permanently changes every second of every day, in minor ways but each day brings millions of changes that cannot be undone.
 
The cosmic reset button, are you that out of touch with reality or just trolling? There's no reset button, the past cannot be erased there's no going back to the way thing were the world permanently changes every second of every day, in minor ways but each day brings millions of changes that cannot be undone.

I don't troll and I don't ever say something I don't believe, Wiseone. I believe this country needs to have the slate wiped clean and start over from scratch, or this nation is doomed to fall under the weight of its own hubris and immorality just like the Roman Empire did.
 
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