So they are going to give Obama $2 Trillion Dollars more to spend. Yippee….
So by the end of his 4 years he’ll have spent more than everyone in the first 225 years of the country but don’t worry, it’s not his fault. It’s Bush’s fault. It’s the Republican’s fault.
<<barf bag overload>>
The Congress is addicted to spending. In the last 30 years the debt has risen from $1 trillion now to $16 Trillion by 2013.
But at least they don’t have to have a another battle until after the 2012 re-coronation ceremony for King Obama. That is unless the King decides to just blow the whole thing off and just summarily declare it raised.
Big cuts in government spending would be phased in over a decade. Thousands of programs _ the Park Service, Internal Revenue Service and Labor Department accounts among them _ could be trimmed to levels last seen years ago.
No benefit cuts were envisioned for the Social Security pension system or Medicare, the federal program that provides health care payments to the elderly. But other programs would be scoured for savings. Taxes would be unlikely to rise.
The phasing in of cuts, means they will suddenly phase out and never appear. No cuts in entitlements means they will crash in a few years.
But at least the Political infighting is largely over until the next time. 🙂
The emerging deal could mark a classic compromise, a triumph of divided government that would let both Obama and Republicans claim they had achieved their objectives. 🙂
The first step would take place immediately, raising the debt limit by nearly $1 trillion and cutting spending by a slightly larger amount over a decade.
That would be followed by creation of a new congressional committee that would have until the end of November to recommend $1.8 trillion or more in deficit cuts, targeting benefit programs such as Medicare, Medicaid and Social Security, or overhauling the tax code. Those deficit cuts would allow a second increase in the debt limit, which would be needed by early next year.
OH GOD! NOT ANOTHER COMMITTEE!!! NO!!!!!!!!
The last one did a lot of good when Obama, who set it up, didn’t like the answers so he ignored it.
If the committee failed to reach its $1.8 trillion target, or Congress failed to approve its recommendations by the end of 2011, lawmakers would then have to vote on a proposed balanced-budget constitutional amendment.
Which would be voted down so no consequence there.
If that failed to pass, automatic spending cuts totaling $1.2 trillion would automatically take effect, and the debt limit would rise by an identical amount.
So more spending.
Social Security, Medicaid and food stamps would be exempt from the automatic cuts, but payments to doctors, nursing homes and other Medicare providers could be trimmed, as could subsidies to insurance companies that offer an alternative to government-run Medicare.
You mean alternatives to ObamaCare? 🙂
As the president demanded, the deal would allow the debt limit to rise by enough to tide the Treasury over until after the 2012 elections.
Yeah, don’t get in the way of his re-coronation.
But remember that Obama’s target constituency in 2012 is not his base but rather independent and moderate voters. And those fence-sitters love compromise in almost any form. (WP)
I’m an independent, but I don’t sit on no fence!
Congress: Coming into this debt-ceiling showdown, Congress was about as popular as poison ivy. One can only imagine just how much further that discontent has spread after this high-profile demonstration of brinkmanship and intransigence. Lawmakers — bless their hearts — seem entirely unaware of just how bad they looked during this fight and will almost certainly spend the next few weeks (or months) congratulating themselves on their tremendous magnanimity.
And the Liberal Media will ignore any bits that don’t fit with the mantra or with Campaign Obama.
But maybe we can form a Commission to study it. 🙂
“All you want to do is spend money, buy votes, and say you’re spreading the wealth around.”–Sen. Jeff Session to the Democrats.
Democrats gained control of the House of Representatives in 2006 and gained the White House in 2008. For the past five years, Democrats have controlled the legislative process and for almost three years, Dems have controlled the Executive agencies. Democrat bungling and demagoguery have become the order of the day. The outright lies told to fellow members of congress and to the American people would make Pinocchio blush.
Is it any wonder that Republicans in congress find it hard to trust Democrats?
Consider, for example, the president’s promise that the $787 billion stimulus would create between 3 to 4 million new jobs. Didn’t happen. In fact, with unemployment at 9.2% and even government employment declining, the past thirty months have shown that Obama clearly overpromised and has under-delivered.
Speaker Pelosi promised that Obamacare would create an additional 4 million jobs. Didn’t happen. Furthermore, Democrats promised that under Obamacare, there would be no additional cost to the American taxpayer and they promised that insurance costs would not increase. Instead, Americans find that Obamacare will cost, at a minimum, $400 billion more than Democrats in congress claimed. Insurance companies have increased their rates by almost 25%. Furthermore, the promise that “everyone could keep the insurance they currently have” has all been forgotten. Much to their credit, Republicans argue that the promises of Obama, Reid, Durbin and Pelosi were hollow and would be broken. But, Democrats cling to their myths and distortions like a drowning man to a piece of wood.
When caught telling a whopper, the current crop of Democrat leaders show not a hint of remorse or shame. Democrat leaders see no problem promising Americans that they can expand benefits and coverage to all without ever raising taxes. Democrats figure that once the bill passes, and the inevitable constitutional challenges appear, they can quickly shift gears and rebrand the individual mandate as a tax, no doubt depending upon the fact that few Americans will remember, much less hold them accountable for their earlier promises.
Whether it is Obama, chastising Supreme Court justices at the 2010 State of the Union Address or chastising Republicans for inflammatory comments and demanding an end to patently partisan language and behavior, Obama has proved that he is part of the problem when he could not resist demagoguing Paul Ryan for his courage in putting forth a deficit management-budget cutting plan.
Democrat leadership has espoused a do-as-I-say-not-as-I-do approach to government, resorting to calumny and demagoguery as their tools. Is it any wonder that, in congress, comity and civility are dead?
Then there’s the special case of Tim Geithner, the boy who cried wolf, and his sky-is-falling approach to fear-mongering. Americans were told that May 16 was the deadline to resolve the debt ceiling issue. But, it seems it really wasn’t. Then Americans were told that August 2nd was the deadline to resolve the debt ceiling issue. But, it seems it really wasn’t. Geithner, mouthing some mumbo-jumbo about Asian markets opening, claimed the deadline was really 4pm on July 24th—but, it seems it really wasn’t. Again. And now, it seems as if the debt ceiling window can be extended until August 10th. Sure. Why not?
For an Administration that claims it will have “unprecedented” transparency, Republicans in congress are finding it difficult to get anything in writing on the President’s approach to managing the debt ceiling and cutting the federal budget. Democrats in the Senate claim they are eager to get resolution on the debt ceiling, but Reid won’t even call for cloture on his own proposal, or put it to a vote.
Anyone who isn’t clear on why Republicans in congress are skeptical of Democrat promises has only to look at the Democrat track record. In the past, when children caught a schoolmate in a lie, they used to cry out “liar, liar, pants on fire”. Republicans, acting cautiously when confronted with Democrat lies, are simply too civil to admit the Democrats in congress and the White House have POFUS. Pants On Fire Syndrome.
Republicans don’t trust Democrat promises—not because there are so many new Republican members of congress and not because they are still strangers to one another, but because, sadly, they know and understand each other too well. Familiarity may not always breed contempt, but in the case of the Democrat leadership and the years of broken promises, familiarity might be a good explanation. (Laura Doan)
And if there is one thing Democrats do better than anyone else on the planet, it’s Contempt.