Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It looks like it is a true compromise. It would extend the debt ceiling to March 2017 and remove the limits sent by the sequestration.
"It would raise those caps by a total of $112 billion in fiscal 2016 and 2017, according to a person briefed on the agreement. Those funds would be divided equally between defense and non-defense spending, charting a compromise between Republican defense hawks pushing for more Pentagon spending and Democrats who wanted more spending on domestic programs as well."
Congress could vote on it as early as Wednesday. I agree, Goodnight, good news for everyone, especially Paul Ryan.
More defense spending. It shows that the defense contractors own the politicians. Why not close the overseas bases or have the home countries pay for us being there? Eisenhower was correct when he said: "Beware of the the military industrial complex."
More defense spending. It shows that the defense contractors own the politicians. Why not close the overseas bases or have the home countries pay for us being there? Eisenhower was correct when he said: "Beware of the the military industrial complex."
Yeah, I hear you, and I agree. But the Freedom Caucus's idea of compromise was lifting the sequestration levels for the military only, while not just keeping the sequestration levels in place for social spending but make deeper cuts there. This, at least, is a compromise in the true sense of the word. Of course, it remains to be seen if it can pass now.
The teabaggers would never go for this. They are going to cover their ears and stomp their feet.
Barry's a tea-bagger?
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure.
It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is "trillion" with a "T." That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion. Barry-2006
All I can think of is how after the last congressional elections, Repubs swore up and down that they'd put the kabosh on the Obama agenda.
Looks as if they've been humbled mightily.
There is no substantive difference between the two parties, its all rhetoric for the voters and politicians from both stripes exist to spend the huge sums of money they have taken from the masses
The budget process needs to return to normal rather than the year-to-year emergencies we had in th elast 6 years, compromise is a good thing. I don't see a balanced budget without raising taxes though and have yet to see meaningful reform.
It's looking more and more likely that this compromise will pass. Representatives Mark Meadows, Jim Jordan and Mick Mulvaney, founders of the hard-right Freedom Caucus, said in an interview with Reuters that it was too late for them to garner support from the rest of the House Republicans around their list of demands in exchange for raising the debt limit.
"To make any kind of meaningful longer-term strategy ... I think it is too late," Meadows said of the current Nov. 3 deadline to lift the debt limit. "So I don't see that as something that happens this time, but I do see that potentially in all future debt ceiling negotiations."
Boehner is actually doing his party a great service. The last thing the Pub Presidential nominee needs is trying to win a general election campaign with the Freedom Caucus manufacturing a debt limit crisis every few months. Putting this behind us until March 2017 helps take the microphone away from the extremists that hurt the party's chances in Purple States.
Mark Meadows of the House Freedom Caucus is calling on all the candidates for speaker to oppose this deal. Looks like Boehner's parting gift to Paul Ryan could blow up before it can be opened. It will be interesting to see how Ryan responds.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.