Everyone does realize that the Deal to be voted on includes:
a. In another key concession to Democrats, benefits from entitlement programs including Social Security, Medicaid, Medicare -- as well as veterans benefits -- will be exempt from any immediate cuts
b. The cuts would be split between defense spending and non-defense programs, an unpopular formula intended to motivate legislators to approve the committee's recommendations.
http://www.cnn.com/2011/POLITI...index.html?hpt=hp_t1
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Yep and the best line of the day is highlighted in blue.
According to the president, the deal means an immediate cut of $1 trillion in government spending over a 10-year period accompanied by a $900 billion increase in the debt ceiling. That will be followed by the creation of the committee to come up with additional cuts worth at least $1.5 trillion. The debt ceiling will be raised by $1.5 trillion if the committee recommendations are approved by the end of the year.
Each of the GOP and Democratic leaders in the chamber will nominate lawmakers to the 12-member 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.
"Despite what some Republicans have argued, I believe that we have to ask the wealthiest Americans and biggest corporations to pay their fair share by giving up tax breaks and special deductions. Despite what some in my own party have argued, I believe that we need to make some modest adjustments to programs like Medicare to ensure that they're still around for future generations. That's why the second part of this agreement is so important," Obama said from the White House briefing room.. An aide familiar with the deal said the Medicare cut would not affect beneficiaries. Instead, healthcare providers and insurance companies would see lower payments" (Bolton, 7/31).
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. But Boehner said it does not violate GOP principles.
"We got 98 percent of what we wanted," he said adding that the framework cuts more spending than it raises the debt limit. It also caps future spending to limits in the growth of government.
"The minority leader's on board," said the lawmaker who requested anonymity in order to speak freely. "Really? Nancy's cool with only 2 percent? She's that stupid?"
Read more: http://www.foxnews.com/politic...cuses/#ixzz1Tn6PH5c6
Keep hoping jimi.
If extremist Tea Party know-nothings cause this agreement to fail, they will go down in history as the most insane political faction in the Nation's history!
Not exactly that Astroturf fad Nancy wanted are they?
I think they will go for it.
If extremist Tea Party know-nothings cause this agreement to fail, they will go down in history as the most insane political faction in the Nation's history!
Remember the November elections? The Tea Party shoe-ins did exactly what the American voters put them in office to do.
The rest of the elected "clowns" need to pay attention.
Yep and the best line of the day is highlighted in blue.
According to the president, the deal means an immediate cut of $1 trillion in government spending over a 10-year period accompanied by a $900 billion increase in the debt ceiling. That will be followed by the creation of the committee to come up with additional cuts worth at least $1.5 trillion. The debt ceiling will be raised by $1.5 trillion if the committee recommendations are approved by the end of the year.
Each of the GOP and Democratic leaders in the chamber will nominate lawmakers to the 12-member 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.
"Despite what some Republicans have argued, I believe that we have to ask the wealthiest Americans and biggest corporations to pay their fair share by giving up tax breaks and special deductions. Despite what some in my own party have argued, I believe that we need to make some modest adjustments to programs like Medicare to ensure that they're still around for future generations. That's why the second part of this agreement is so important," Obama said from the White House briefing room.. An aide familiar with the deal said the Medicare cut would not affect beneficiaries. Instead, healthcare providers and insurance companies would see lower payments" (Bolton, 7/31).
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. But Boehner said it does not violate GOP principles.
"We got 98 percent of what we wanted," he said adding that the framework cuts more spending than it raises the debt limit. It also caps future spending to limits in the growth of government.
"The minority leader's on board," said the lawmaker who requested anonymity in order to speak freely. "Really? Nancy's cool with only 2 percent? She's that stupid?"
Read more: http://www.foxnews.com/politic...cuses/#ixzz1Tn6PH5c6
Good propoganda work b50m.
An "anonymous" lawmaker made the statement to who, Fox News??????????
Well Rock, why don't you go find who it was?
Like it or not, people do talk to Fox.
This will yield a $2.1 trillion reduction in the PROJECTED RISE in the debt. A projected rise of another $15 trillion. Its a good down payment. If the left thinks this is Satan's Sandwich, they have many more to swallow. Where is the rest of the $12.9 trillion in reductions to come from!
1 October, the duck goes away. I used him to show a more humorous side.
The highest projected cut in DoD's basic budget is about $50 billion annually. That's not out of line with the reductions they are planning already.
Well Rock, why don't you go find who it was?
Like it or not, people do talk to Fox.
Yep even Jimbo's idol, Barney Frankfurter had a interview with Niel on FOX.
I think it was yesterday. He was a fountain of facts. LOL
Skippy
Well Rock, why don't you go find who it was?
Like it or not, people do talk to Fox.
Yep even Jimbo's idol, Barney Frankfurter had a interview with Niel on FOX.
I think it was yesterday. He was a fountain of facts. LOL
Skippy
Once a moron always a moron. Poor Skippy. He has no idea who he is trying to protect.
