[tutkarussia]

Thanks Harry Reid and our President Obama for getting the Republicans to finally see that all the 'reign' dancing was getting them nowhere.

Noticed CNN reported that in a poll an overwhelming majority of Americans blame the obstructionist Republicans for stalling the debt ceiling compromise...Hell we knew that way back when didn't we? The best way to deal with a Republican is to keep them running for office and not in office.

Nope--Harry Reid couldn't even get his own bill to pass his Democrat senate.

The ONLY ones that have come up with bills that PASSED is the house--and like John Boehner stated--we didn't get everything we wanted we did get 98%--including a vote on a balanced budget amendment.

Obama announced Sunday night that leaders of both parties in both chambers have reached an agreement on a debt-reduction deal that will "lift the cloud of uncertainty that hangs over our economy."

According to the president, the deal means an immediate cut of $1 trillion over a 10-year period, followed by the creation of a committee to come up with additional cuts worth $1.5 trillion to be voted on by the end of the year.

Each chamber will nominate lawmakers to the committee to report back in the fall. Tax hikes are not part of the package and a pledge for a Balanced Budget Amendment vote is. Obama said everything will be on the table and both parties will find some of the cuts objectionable.

The Senate adjourned Sunday night without a vote on a debt reduction deal, but Senate Democratic Leader Harry Reid said that the parties are going to have to give ground and compromise so the country doesn't default.

"I am relieved to say that leaders from both parties have come together for the sake of our economy to reach a historic, bipartisan compromise that ends this dangerous standoff. The compromise we have agreed to is remarkable not only because of what it does, but because of what it prevents: a first-ever default on the full faith and credit of the United States," Reid said.

Reid and Senate Republican Leader Mitch McConnell will both present the agreement to their caucuses on Monday morning. Several objections are expected, including from Republican defense hawks who don't want the military gutted and from the Congressional Black Caucus, which called the deal a "sugar-coated Satan sandwich."

House Speaker John Boehner told his Republican caucus on a Sunday night conference call that the deal isn't done yet.

"The press has been filled with reports all day about an agreement. There's no agreement until we've talked to you," he said.

But Boehner of Ohio said the deal does not violate GOP principles. "We got 98 percent of what we wanted," he said adding gthat the framework cuts more spending than it raises the debt limit. It also caps future spending to limits in the growth of government.

"It would also guarantee the American people the vote they have been denied in both chambers on a balanced budget amendment, while creating, I think, some new incentives for past opponents of a BBA to support it," Boehner said.

According to a Power Point presentation provided by Reid's office, if the committee's recommendations are not approved by the end of the year, a "trigger" in the proposal would automatically enact across-the-board cuts -- with roughly half of the cuts coming from defense.

The 12-member committee, composed of six Republicans and six Democrats, three from each party and each chamber, will report the legislation by Nov. 23. The vote, to take place by Dec. 23, would be an up-or-down vote with no amendments allowed.

The trigger would be enacted for across-the-board cuts if the joint committee doesn't reach at least $1.2 trillion in deficit reduction. If that happens, Obama would be allowed to request a $1.2 trillion debt increase and Congress would have to disapprove it. Across the board cuts would also apply to Medicare, but other programs like Social Security, Medicaid, veterans benefits and military pay would be off-limits. Obama Announces Debt-Reduction Deal Approved by Senate, House Leaders - FoxNews.com


This is a HUGE victory for the GOP-and the Tea Party in this country-especially considering they only control 1 of the 3 legislative branches of government.

[tutkarussia]

I'm thankful that President Obama is the kind of politician who does listen to all sides, but once again, this is a deal that favors the right far more than it does the left in almost every aspect.

The shame of the Obama presidency will be if 4 years pass and Democratic policies don't ever take shape, because like health care reform, this is very much a conservative plan.

In the end, the middle class bailed out the rich 3 years ago, and now they're being asked to accept practically all of the responsibility for getting the books back in order while asking the rich for nothing. There is nothing liberal about this deal, but watch for teabagging fucktards and other Obama haters to find fault with this no matter what.

"Health care reform aka Obamacare" is a conservative plan--- Would you care to restate that--considering that no conservative members of congress voted for Obamacare? You do realize that there are 30 states in this country that are suing the Federal Government over Obamacare?

[heilyprollecyspor]

It's all over except the arguing about who won.

The Democrats and Republicans came to a compromise solution to the debt ceiling crisis Sunday evening; one which left both sides grumbling and claiming victory.

The agreement is a lot less than the Republica ns wanted in cuts, slicing just $2.4 trillion in cuts over ten years. But, there are no tax increases.

While the mainstream press and the White House continue to insist fianancial devastation has been averted, there has already been signs of some rebound on world financial markets, especially in Japan.

The $2.4 trillion in spending reductions left some republicans grumbling about too little too late, while on the other side Democrats were irritated that no tax increases accompanied the deal.

cloud that had threatened the still-fragile economic recovery and rattled global markets.

The agreement would slice at least $2.4 trillion from federal spending over a decade, a steep price for many Democrats, too little for many Republicans.

Much of that is simple political posturing and face saving. Everyone seems to have gotten enough that they can claim to the voters they won and did what was right for the country. The big winner, though, is like Obama who will now be spared the embarrassment of having to go through this process again as his re-election bid draws closer.



News from The Associated Press

[uaodnabnjz]

Well there goes the AAA Rating with such a terrible "deal." Morons, all of them.

[textarchive]

I'm thankful that President Obama is the kind of politician who does listen to all sides, but once again, this is a deal that favors the right far more than it does the left in almost every aspect.

The shame of the Obama presidency will be if 4 years pass and Democratic policies don't ever take shape, because like health care reform, this is very much a conservative plan.

In the end, the middle class bailed out the rich 3 years ago, and now they're being asked to accept practically all of the responsibility for getting the books back in order while asking the rich for nothing. There is nothing liberal about this deal, but watch for teabagging fucktards and other Obama haters to find fault with this no matter what.

You don't even know what the "plan" actually is, yet you're slobbering over it like a newborn calf because your lord and master said to.

While we need to see the details, I'll bet everything I have, and can borrow it doesn't do a thing to get the books back in order.

Betting that politicians are useless is the safest bet of all.

[tutkarussia]

You don't even know what the "plan" actually is, yet you're slobbering over it like a newborn calf because your lord and master said to.

While we need to see the details, I'll bet everything I have, and can borrow it doesn't do a thing to get the books back in order.

Betting that politicians are useless is the safest bet of all.

No--it's not the best bill to cut the deficit and spending--BUT--it's a start in the right direction. In fact--it's unprecedented. Finally we have politicians looking at what they can CUT--versus how much of our money they can WASTE.

[textarchive]

No--it's not the best bill to cut the deficit and spending--BUT--it's a start in the right direction. In fact--it's unprecedented. Finally we have politicians looking at what they can CUT--versus how much of our money they can WASTE.

No, you have politicians SAY they're looking at what they can cut. After all, they've been SO good at actually following up on promises to cut their wayward spending ways in the past haven't they?

[KRbGA0Bg]

I find it funny that the Tea Party wants to default on our obligations; but they don't want to have the American voters believe it was 'de fault' of the Tea Party and their non-working with other politics paradigm. Bottom line taxes need to be raised on the wealthy, subsidies for big corporations need to end, tax breaks for corporate jet owners need to end, subsidies on ethanol need to end, and finally corporate welfare of any kind needs to end because the American tax payer CAN NOT afford it anymore! If we want to balance the budget it should be done in a balanced approach and not protecting the most wealthiest Americans at the expense of working and middle classes here.

Every American should realize the larger the working and middle classes there are in America the better off we all are. If we use wisely the social programs which helps propel people to those classes the better off we will all be including the wealthiest!

[Vemnagelignc]

I find it funny that the Tea Party wants to default on our obligations; but they don't want to have the American voters believe it was 'de fault' of the Tea Party and their non-working with other politics paradigm.

Then why did they raise the debt ceiling in both bills they passed.

Every American should realize the larger the working and middle classes there are in America the better off we all are. If we use wisely the social programs which helps propel people to those classes the better off we will all be including the wealthiest!

How many people where raised out of poverty by welfare.

[Bromikka]

Since when do social programs propel people into the upper classes? Unless you're counting corporate welfare.

[Lyikmcmb]

Our gullible president, who gives much more credit to others than they deserve:

Obama, at his press conference last December, announcing his surrender to the GOP on tax cuts; the questioner was Marc Ambinder:

Q Mr. President, thank you. How do these negotiations affect negotiations or talks with Republicans about raising the debt limit? Because it would seem that they have a significant amount of leverage over the White House now, going in. Was there ever any attempt by the White House to include raising the debt limit as a part of this package?

THE PRESIDENT: When you say it would seem they’ll have a significant amount of leverage over the White House, what do you mean?

Q Just in the sense that they’ll say essentially we’re not going to raise the — we’re not going to agree to it unless the White House is able to or willing to agree to significant spending cuts across the board that probably go deeper and further than what you’re willing to do. I mean, what leverage would you have –

THE PRESIDENT: Look, here’s my expectation — and I’ll take John Boehner at his word — that nobody, Democrat or Republican, is willing to see the full faith and credit of the United States government collapse, that that would not be a good thing to happen. And so I think that there will be significant discussions about the debt limit vote. That’s something that nobody ever likes to vote on. But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower.

And so my expectation is, is that we will have tough negotiations around the budget, but that ultimately we can arrive at a position that is keeping the government open, keeping Social Security checks going out, keeping veterans services being provided, but at the same time is prudent when it comes to taxpayer dollars. I wonder if he has finally learned his lesson. My guess is no. I don't think he's capable of comprehending the irresponsible zealotry that lurks behind his political opponents' every move.

What Obama fails to grasp is that modern Republicans don’t care about deficits. They only pretend to care when they believe that deficit "concerns" can be used to dismantle social programs; as soon as the conversation turns to taxes, or anything else that would require them and their friends to make even the smallest sacrifice, deficits don’t matter at all.

[Lyikmcmb]

How many people where raised out of poverty by welfare.

About half.

And Social Security (which is not welfare) constitutes at least 90% of the income of 40% of all seniors, while for 26% of seniors it's their only source of income.

[standaman]

What Obama fails to grasp is that modern Republicans don’t care about deficits. They only pretend to care when they believe that deficit "concerns" can be used to dismantle social programs; as soon as the conversation turns to taxes, or anything else that would require them and their friends to make even the smallest sacrifice, deficits don’t matter at all.

Yeah really, the Dem's only care about more borrowing and spending and increasing entitlements, that we can't pay for.

[standaman]

About half.

First you show no evidence to back up your statement. But lets say your correct, what about the other half that are still on the dole?

[standaman]

Every American should realize the larger the working and middle classes there are in America the better off we all are. If we use wisely the social programs which helps propel people to those classes the better off we will all be including the wealthiest!

Now when has the government used anything wisely?

[Lyikmcmb]

For those who are interested, here's a detailed summary of the agreement issued by the White House.

And here's the only part that makes any sense at all:

5. A BALANCED DEAL CONSISTENT WITH THE PRESIDENT’S COMMITMENT TO SHARED SACRIFICE
• The Deal Sets the Stage for Balanced Deficit Reduction, Consistent with the President’s Values: The deal is designed to achieve balanced deficit reduction, consistent with the values the President articulated in his April Fiscal Framework. The discretionary savings are spread between both domestic and defense spending. And the President will demand that the Committee pursue a balanced deficit reduction package, where any entitlement reforms are coupled with revenue-raising tax reform that asks for the most fortunate Americans to sacrifice. Big thanks for small favors.

But the whole thing is insane. Spending cuts while we have over 9 percent unemployment equals a triumph of zealotry over rational analysis. This just about guarantees unemployment over 8 percent through next year at least. A limp economy also means our fiscal situation stays the same or gets worse. This deal probably actually hurts our fiscal position.

[standaman]

For those who are interested, here's a detailed summary of the agreement issued by the White House.

And here's the only part that makes any sense at all:


But the whole thing is insane. Spending cuts while we have over 9 percent unemployment equals a triumph of zealotry over rational analysis. This just about guarantees unemployment over 8 percent through next year at least. A limp economy also means our fiscal situation stays the same or gets worse. This deal probably actually hurts our fiscal position.

Yep, just keep borrowing and spending, the Dem's moto. Borrow and spend, oh forgot, and raise taxes, but never cut spending.

[CruzIzabella]

The U S could balance it's budget within a 5-8 year timeframe. Wouldn't hurt that much... just have to raise a bit revenue, decrease defence spending to reasonable levels and streamline certain programms... anything but a chaotic default, make the hard measures possible.

[duminyricky]

According to the details that I have been hearing tonight, this is an incredible victory.

An incredible victory for business as usual in D.C.

The "deal" cuts $4 Billion in the first year.

If it weren't so tragic, it would be comical.

[dicemets]

First you show no evidence to back up your statement. But lets say your correct, what about the other half that are still on the dole?

Since Social Programs aren't designed to help people better themselves, although you fail to actually address the point regarding seniors).

Social Programs are designed to save lives. It has been estimated that up to 7.5 million people died during the Great Depression.

So while you try to balance the budget by cutting 'Social Programs' instead of increasing revenue, remember there is a cost to your actions.

Look at it this way, it is like a father saying 'Just stop feeding the kids, they don't contribute anything to the household' while keeping up his golf club membership and his yatch at the marina.