New York (CNNMoney) - There certainly are some big differences between the debt-ceiling bill proposed by House Speaker John Boehner and the one proposed by Senate Majority Leader Harry Reid.
But there is also more than $900 billion's worth of compromise between the two.
Reid's cuts, that count the military drawdowns in the middle east, are not real.
Those are imaginary cuts, as the main savings will be in cost of ammunition not used.
Reid needs to increase his cuts with some significant real savings, or the GOP should NOT vote for it.
We won’t accept any bills without closing tax loophole
Since Boehner can't do his job, I'll do it for him:
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The debt ceiling of the United States is hereby raised from $14.3T to $17.0T. This will allow the Treasury to continue to pay for the SPENDING that has been authorized by Congress.
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It should have taken Boehner 80 seconds to type that up instead of 8 MONTHS of political bickering.
Bickering which has stirred up a commotion which has attracted attention that will result in a DOWN-GRADE of American debt, has resulting in almost $1 Trillion of lost wealth last week in the stock market, has put the pay of soldiers & seniors at risk, has ALREADY resulted in increased interest rates on 10-year Treasury bonds, and has introduced UNCERTAINTY in the minds of CEOs that may have been looking to expand their operations to meet demand.
GOP = Get Obama Party.
OK. They just said on the News that the self serving egotistical imbeciles we call Senators and Representative are looking at triggers to ensure that they continue with spending cuts and balancing the budget. Tax increases were suggested (Stupid) Why not have the trigger be that each and every one of them doesn't get paid for a year if they don't continue to cut spending and balance the budget!
You Republicans out there are going to wish that you had never heard of the Tea Party in 2012 !
Whether you support Obama or not he will be elected overwhelmingly in 2012 by default because of the extremism of the Republicans and their partners in Crime the Tea Party idiots holding the country hostage over this Fake Crisis !
This should not even be happening as the debt ceiling pays the debts already made. It is NOT a budget. rehashing this again in 6 months will ONLY keep this uncertainty and economy will fail and I blame the republican teaparty for it.
I think McConnell (1st priority is to make Obama one-term) is wrong to insist that the President sit in on negotiations. ANY time the president says he likes something, it triggers the republicans to vote HELL NO. That has been going on 2-1/2 years - it won't change now.
Don’t ever mess with senior’s benefits so tea baggers going to be one term congressman
I want to introduce a bill one term congressman can’t receive any benefits once they left the office waste of tax payer money
Re-Hash it again – remember – EVERY TEA-BAGGER IN THE HOUSE IS UP FOR RE-ELECTION TOO. It's not just some of them, it's ALL of them. Let the country go thru it AGAIN – maybe then they won't forget what self-centered people they are.
We may lose President Obama, but we'll rid ourselves of financial terrorists willing to do more harm to this country than 9/11.
Separate but not equal
Stay tuned for the sequel
It's MY way or the HIGHWAY
If bipartisan then it will FLYAWAY!!!!
DEMOCRATS/maybe some INDEPENDENTS:
Separate is NOT equal
We are READY for the sequel
It’s NOT going to be YOUR WAY
It WILL be bipartisan before this DAY....................August 2, 2011
compromise, Compromise, COmpromise, COMpromise, COMPromise, COMPRomise, COMPROmise, COMPROMise, COMPROMIse, COMPROMISe, COMPROMISE!!!! Is this loud and clear???????
One smart senior told me now this
“Past one week Nancy Pelosi missing in action media and republicans are ignoring her propose some reasonable bill congress will have votes now. Nancy Pelosi has good experience she is in the congress form late 80 she is good negotiator when difficult time”
That makes sense to me
Oops, "Separate IS equal"
(I hate when that happens.... :-)
There is an awful lot of people who keep saying "at least the House passed something." I agree the Republicans did do something- they pulled the wool over the eyes of the American people. The speaker kept saying " i stuck my neck out a mile, i put revenues on the table" when negotiating with the administration. Well? where are the revenues??? All the Speaker had to do was put revenues in the bill and forced Dems to vote no to it. This bill was rubbish and so is the Senate's. Why do these parties choose to take us to the brink for their self interest? If they Speaker wanted- and was brave- and a REAL leader, he would have negotiated with the Dems and found common ground, and then passed it with a bipartisan group, minus the Tea Party. Now is the time for leadership- someone needs to step up, man up and get it done.
The Reid bill will add 2.5 trillion to our debt. It CANNOT be passed as written. It MUST get REAL, and not PHANTOM, cuts, or it should NOT be passed. Period.
I was watching Bill Maher last night. Why is it that conservatives always have 2 yell? Oh 2 drown out the facts. If I yell the loudest it makes it true. NOT. Stop YELLING! Your not right!
This is all about not wanting to raise taxes?? Well forty years ago before Ronald Reagan the wealthy CEOs were paying 90% income tax. Most could agree that was too much but now while most workers pay 25 or 30% the CEO's are paying themselves in stock which is capital gains rate of 15%. I demand an SEC investigation into the investment holdings of these Republikan patriots and their CEO thug cohorts. Seems many of them are investing in Swiss Francs and other investments which will benefit greatly WHEN they finish their attack on the American economy and currency. This is not only a conflict of interests but it is TREASON and might even qualify as actual terrorism. Think about this next time BEFORE you pull the lever in the voting booth!
Reid has fillibustered his own bill, Democrats are playing games, Republicans don't have the numbers to stop this Demo madness.
Yeah the goal is to get OBama out of office, he wants to destroy America, and as a national socialist his plans for everyone right of center is obvious. MOst dems would support it, how sick, no Republican is that evil.
Good point, GI Joe. He could come out against abortion and suddenly the GOBP would be all for it.
I also love how the GOBPbaggers claim military cuts "aren't real." Well, based on Bush's off the books accounting, the wars costs "weren't real" either. Sadly, part of this budget debate is because the wars have to be paid for sometime. Now that Reid is putting war costs into the budget as a savings rather than a cost, suddenly the teatards want to revert to Bush's off the books accounting practices again. What a bunch of weasels! Look, counting those war costs as savings is perfectly legitimate, because there are still a ton of war-mongering neocons in the GOBP (and some hawks in the Dems). By accounting for those wars now, the war-lovers will have a harder time continuing current wars or starting new ones without damaging the budget or raising taxes. The damage occurred last time because of Bush (and we're still paying it; search for the CBPP chart to see how much), and the neocons should be required to lay out in advance how they intend to pay for needless wars of choice in the future. Reid's approach is a brilliant way to restrict how easily and stupidly neocons can drag America into unpopular wars.