Reid: House GOP debt plan doomed in Senate

Return To Article
Add a comment
  • DeltaFoxtrot West Valley, UT
    July 27, 2011 1:34 p.m.

    I say let 'em squabble and play party politics until it is too late. The Treasury can make the final say in spending cuts when they don't have the money to fund 41% of the government.

    The debt payment will still be made, social security checks will still go out, the military will still get paid, and medicare/medicaid will still be functioning. They're not going to touch any of that b/c to do so would be career suicide.

    By estimates that should leave the Treasury with an additional ~$40billion to fund everything else. Congress and the President can fight over what to do with that till the cows come home, who cares.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 27, 2011 12:41 p.m.

    Boehner had to walk away from the negotiations with President Obama, in large part because too many members of his House GOP conference wouldn't accept the deal (even before the controversy over that extra $400 billion in revenue). Now, a growing number of House conservatives along with the Club for Growth and the Heritage Foundation's Koch Brother's political arm oppose Boehner's go-it-alone debt plan. To make matters worse for the speaker, the Congressional Budget Office determined that his legislation cut less spending than promised, and a vote is now postponed until tomorrow as he goes back to the drawing board. What's more, Standard & Poor's said on CNBC it's concerned about Boehner's plan requiring the debt limit to be raised once again in early 2012. Bottom line - Boehner is boxed in. No matter what plan emerges from the debt talks in Washington, future Social Security benefits will be trimmed back. Congress and the White House continue their dysfunctional dance toward financial Armageddon, the elusive, $4 trillion Grand Plan that would include Social Security and Medicare reform has fallen off the table.

    I'm your first place for key political news and analysis from my Political Unit mind.

  • lost in DC West Jordan, UT
    July 27, 2011 11:42 a.m.

    Reid won't say when he will bring his plan to a vote, because he knows it, too, will not pass.

    there will be no default on the public debt. There is no question whether or not social security checks will go out. there is more than enough revenue to pay the interest on the debt, pay SS, medicare, medicaid, and the military. After paying all that there would still be around $39 billion left in August.

    we would have only had to have raised the debt ceiling ONCE for BO had he not spent like a drunken democrat on steroids.

    but I guess you'd have us believe 2 increases of totalling $48 trillion is better than 15 increases totaling $4 trillion because 2 is fewer than 15.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 27, 2011 10:38 a.m.

    "Raise the Debt Ceiling and tax the rich". If we don't do that, it's going to be Lehman on steroids, it's going to be financial Armageddon. Here's a clear case why the GOP want to tax the middle-class to death, and, at the same time allow BIG BUSINESS to use off shore tax safe havens and pay "NO TAXES". Do some math here. $32.5 TRILLION in TOTAL WEALTH was created in the markets since 2009. Guess what, NO ONE paid any taxes nor created any job's with this money. All their monies and gold went to off shore tax safe havens. Then they dump those taxes onto the "Middle Class" to pay them. That's "EQUAL RIGHTS", right?. That's taxing fairly?. Not in my book. The Patriot Act's money laundering provisions, where are they today?. The tobacco industry feared The Patriot Act so Rep. Michael Oxley removed a provision involving money laundering from the bill at the behest of the White House and GOP whip Tom DeLay, under pressure from Big Tobacco. More loopholes that allow qualifying Institutions to still serve as conduits for Tax Evasion that report nothing to the IRS for collection. TAX THE RICH Boehner.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 27, 2011 10:37 a.m.

    Can you be against Big Government and not press for reductions in the vast military budgets, fraught with bureaucratic and large contractors' waste, fraud and abuse? Military spending now takes up half of the federal governments operating budgets. The libertarian Cato Institute believes that to cut deficits, we have to also cut the defense budget. Can you believe in the free market and not condemn hundreds of billions of dollars of corporate welfare-bailouts, subsidies, handouts, and giveaways?. You want less taxation and lower deficits. How can you succeed unless you stop big corporations from escaping their fair share of taxes by manipulating foreign jurisdictions against our tax laws, for example, or by letting trillions of dollars of speculation on Wall Street go without any sales tax, while you pay six, seven or eight percent sales tax on the necessities you buy in stores?. Can you be for law and order and not support a bigger and faster crackdown on the corporate crime wave, that needs more prosecutors and larger enforcement budgets to stop the stealing of taxpayers and consumer dollars so widely reported in the Wall Street Journal and Business Week?.

  • Pagan Salt Lake City, UT
    July 27, 2011 10:13 a.m.

    'During the Bush years we were spending $1.9 billion more each day than we earned. For Clinton it was in the $500 million range and for Obama it is $4+ billion EACH DAY.' - casual observer | 9:32 a.m. July 27, 2011

    Was Bush's numbers reflecting the wars in Iraq and Afghanistan?


    Because the wars were never even added to the national budget during the Bush administration.

    You know, the administration that raised the debt ceiling...

    seven times.

    But I guess we should 'trust' the Republican party.

    After the broken:

    Promise to America
    Contract with America
    and proposed 'balanced budget' that didn't REALLY take us out of debt.


    *'Tea party vexing GOP's debt plan' - By Charles Babington - AP - Published by DSnews - 07/26/11

    'WASHINGTON Stung by revelations that his plan would cut spending less than advertised, House Speaker John Boehner pushed...'

  • Kalindra Salt Lake City, Utah
    July 27, 2011 9:57 a.m.

    Boehner's poorly thought out debt plan won't survive Boehner - who has now realized he did it wrong.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 27, 2011 9:37 a.m.

    The GOP along with the Koch Brother's gathered at night and in a fluffy commando-style midnight operation each Tea Party assigned his letter that said, The Wizard of Oz, where the Wicked Witch leaves a sky-written smoke message to the residents of the Emerald Wealthy City to turn over the witch's enemy, their ruby-shoe-wearing visitor from Kansas, "Surrender Dorothy" they shouted loudly on the Glenn Beck show. The Kochs are longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy, and much less oversight of industry especially environmental regulation. These views dovetail with the brothers' corporate interests. "NOT YOURS". Yet this Republican plan to raise the debt limit is so weak it won't survive the House. Plus Boehner's plan would fall short of the GOP's goal, to crash the planet, toss grandma under the bus, get rid of the middle-class, the poor, Veteran's, homeless, disabled, the Elderly that built America and steal their monies in full this time around again, as they did in 2008. The US House needs to raise this debt ceiling, raise taxes on the rich a bit, then cut spending on Earmarks now.

  • casual observer Salt Lake City, UT
    July 27, 2011 9:32 a.m.

    Selective fact quoting will not carry the day in this debate. During the Bush years we were spending $1.9 billion more each day than we earned. For Clinton it was in the $500 million range and for Obama it is $4+ billion EACH DAY. It is not a matter of Democrats or Republicans, it is matter of spending more than we earn. If we default our credit rating suffers. If we don't legislate a long term fix, our credit rating suffers. Where are our statesmen? All I see are politicians.

  • Pagan Salt Lake City, UT
    July 27, 2011 9:01 a.m.

    'DO NOT raise debt ceiling.' - MarieDevine Divine-Way | 8:21 a.m.

    Marie, we have different views on many things. So in this, I would just like to add one word.

    Do not raise the debt ceiling....agian.

    *'Bush Administration Adds $4 Trillion To National Debt' - by Mark Knoller - CBS News - 09/29/08

    'It'll be the 7th time the debt limit (ceiling) has been raised during this administration. In fact it was just two months ago, on July 30, that President Bush signed the Housing and Economic Recovery Act, which contained a provision raising the debt ceiling to $10.615 trillion.'

    Because, it was done by the Republican party, controlling the House, Senate and Presidency almost exclusively from 2000-2006...

    seven times.

  • Pagan Salt Lake City, UT
    July 27, 2011 8:42 a.m.

    'The bill, proposed by House Speaker John Boehner, is being rewritten to achieve the savings that Republicans have promised. The Congressional Budget Office said late Tuesday that Boehner's plan would fall short of the GOP's goal, and the Ohio Republican postponed a vote on it.' - Article

    Promise to America:

    *'Republicans promise $100 billion in spending cuts' - By Andrew Taylor - AP - Published by DSNews - 02/10/2011


    *'How the House GOP promise to cut $100b became $32b' - By Luke Russert - NBC - 02/13/11

    Contract with America:

    Proposed balanced budget.


    No balanced budget since the 'contract' in 1995.


    *'Tea party vexing GOP's debt plan' - By Charles Babington - AP - Published by DSnews - 07/26/11

    'WASHINGTON Stung by revelations that his plan would cut spending less than advertised, House Speaker John Boehner pushed...'

    The wealthy will create jobs:

    "According to the Pew Economic Policy Group, an extension of all of the Bush tax cuts will cost $3.1 trillion over ten years, once the costs of servicing the debt are factored in."

    Where are the jobs?

    Republicans keep lying:

    *Sen. Kyle mocked for making up numbers in abortion debate By Sarah Iraelsen-Hartley DSNews 04/12/11

  • MarieDevine Divine-Way Kansas City, MO
    July 27, 2011 8:21 a.m.

    DO NOT raise debt ceiling.

    LP Beria's Communist address to American students in Lenin University:

    "by constant campaign about the terrors of society, by pretense as to your effectiveness make you Capitalist himself, by his own appropriations, finance a large portion of the quiet Communist conquest of the nation.

    God's guidance promotes a beautiful Garden Paradise Lifestyle. for good health with family taking care of each other so we do not need Medicare, Medicaid and Social Security. God promises true freedom and independence. He has prepared the way for us.

    DO NOT raise the debt ceiling. There are too many anti-God and anti-constitution connections.
    Our Declaration of Independence guides us to change or abolish this government.