Debt Ceiling Agreement Reached

Not the perfect deal but the Republicans and the Tea Party definitely came out more of the winners. And no new taxes which most Americans didn't want. Obama did also looking like he helped make it happen and he got it past his election. But the Liberals gave up pretty much everything and were the big losers. And according to this article the 'Gang of six' is a joke too. Now we need to start cutting more spending and closing loopholes which both parties want.

http://www.washingtonpost.com/politics/ ... story.html

The Viking wrote: Not the perfect deal but the Republicans and the Tea Party definitely came out more of the winners. And no new taxes which most Americans didn't want. Obama did also looking like he helped make it happen and he got it past his election. But the Liberals gave up pretty much everything and were the big losers. And according to this article the 'Gang of six' is a joke too. Now we need to start cutting more spending and closing loopholes which both parties want.

http://www.washingtonpost.com/politics/ ... story.html

If it makes you feel better to believe the Republicans won....OK. But, before we start counting winners and losers, lets see if Boehner can deliver enough Republicans, and Pelosi can deliver enough Democrats to get this passed in the House. The senate seems to have the more reasonable heads and will probably pass it easily. Fewer Tea Party idealogues I guess.

On the Dems side, they held off another debacle like this 6 months down the road, the ceiling will be increased enough to get us past 2012.

On the Reps side, they got spending cuts without revenue increases.

On the Dems side there is no requirement to pass a balanced budget amendment.

On the Reps side, medicare is on the table next round.

On the Dems side Defense is on the table next round.

The whole committee thing and the triggers I am still mulling over.

And so it goes, this is what compromise is all about.....and how business should be done in Washington, our nation is not all conservative or liberal, and neither should our legislation be all conservative or liberal.

Look for a BBA to be making its way through a few state legislatures and appear on a few ballots in 2012 archer. If the federal government is unwilling to put the question before the people, even when it has a low chance of being ratified, the folks who realize it is the only avenue left for restraining the power and reach of the federal government will be putting that question before the people in 2012. Congress at this point has two options. The amendment can be written by them before it is put before the people or they can allow it to be written by the state delegates to the Con-Con. My guess is that they will want to write it themselves, as they did with the 17th Amendment, before the decision on whether there will be a question put before the citizens of the states is taken out of their hands.

BBA is coming to a wannabe national government near you very soon, one way or the other.

I don't have a problem with a balanced budget amendment, though it has been tried before and never worked, it's worth trying again. What is wrong is holding the debt ceiling hostage to it's being passed, that's blackmail. If it isn't a good enough idea to sell on it's own, then it shouldn't be tied to something so critical to our economy. Just my opinion.

Sadly I think you are an incurable optimist. The tea party is still a sliver of the ruling elite.

PrintSmith wrote: Look for a BBA to be making its way through a few state legislatures and appear on a few ballots in 2012 archer. If the federal government is unwilling to put the question before the people, even when it has a low chance of being ratified, the folks who realize it is the only avenue left for restraining the power and reach of the federal government will be putting that question before the people in 2012. Congress at this point has two options. The amendment can be written by them before it is put before the people or they can allow it to be written by the state delegates to the Con-Con. My guess is that they will want to write it themselves, as they did with the 17th Amendment, before the decision on whether there will be a question put before the citizens of the states is taken out of their hands.

BBA is coming to a wannabe national government near you very soon, one way or the other.

archer wrote: I don't have a problem with a balanced budget amendment, though it has been tried before and never worked, it's worth trying again. What is wrong is holding the debt ceiling hostage to it's being passed, that's blackmail. If it isn't a good enough idea to sell on it's own, then it shouldn't be tied to something so critical to our economy. Just my opinion.

The 17th Amendment wasn't a good idea, at least according to the Senate, until the states lacked only a single addition to take the matter out of congressional hands - at which point the Congress decided to listen to the request of the people rather than have their voice decide the issue without them.

The economy is so critical that tying the passage of a BBA in Congress to the raising of the debt ceiling is a necessary inclusion given that the wannabe national government has consistently proven itself incapable of planning the national budget according to the national tax capacity. What kills economies is the accumulation of public debt and the robbing of revenue needed for infrastructure and defense away from these necessities to pay an ever increasing amount of interest on an ever increasing amount of debt. What kills credit ratings is accumulation of debt with no apparent ability to ever retire that debt. The economy is so critical that we can't allow a wannabe national government to plan on confiscating 1 out of every 4, let alone 1 out of every 3, dollars the national economy produces on a continuous, long term basis. That will kill any economy, bankrupt any nation, including this one.

neptunechimney wrote: Sadly I think you are an incurable optimist. The tea party is still a sliver of the ruling elite.

That's what they said about the revolution of 1776 as well neptune. Even the folks who pledged their lives, their fortunes and their sacred honor to toss King George out on his ear expected to hang by the neck until dead. Washington lost 25% of his army to starvation and exposure at Valley Forge. Sometimes success is realized simply because one was too stubborn to quit and losing everything is a smaller price to pay than meek submission to despots and tyrants.

How the Tea Party Won the Deal


http://news.yahoo.com/tea-party-won-deal-055100156.html

archer wrote:

The Viking wrote: Not the perfect deal but the Republicans and the Tea Party definitely came out more of the winners. And no new taxes which most Americans didn't want. Obama did also looking like he helped make it happen and he got it past his election. But the Liberals gave up pretty much everything and were the big losers. And according to this article the 'Gang of six' is a joke too. Now we need to start cutting more spending and closing loopholes which both parties want.

http://www.washingtonpost.com/politics/ ... story.html

If it makes you feel better to believe the Republicans won....OK. But, before we start counting winners and losers, lets see if Boehner can deliver enough Republicans, and Pelosi can deliver enough Democrats to get this passed in the House. The senate seems to have the more reasonable heads and will probably pass it easily. Fewer Tea Party idealogues I guess.

On the Dems side, they held off another debacle like this 6 months down the road, the ceiling will be increased enough to get us past 2012.

On the Reps side, they got spending cuts without revenue increases.

On the Dems side there is no requirement to pass a balanced budget amendment.

On the Reps side, medicare is on the table next round.

On the Dems side Defense is on the table next round.

The whole committee thing and the triggers I am still mulling over.

And so it goes, this is what compromise is all about.....and how business should be done in Washington, our nation is not all conservative or liberal, and neither should our legislation be all conservative or liberal.

Question? Why is cutting Medicare a Republican thing? Have you Dems already forgooten that in Obama care which most of you seem to support, they cut $550 billion from medicare? The Dems cut more from medicare than the R's even talk about. You can't have it both ways. Support it under Obama but say it is terrible for seniors under the Republicans.