Tentative budget deal reached, ABC news reports, Debt ceiling increase, Guarantee an equal amount of deficit reduction

Tentative budget deal reached, ABC news reports, Debt ceiling increase, Guarantee an equal amount of deficit reduction

From ABC News July 30, 2011.

“Democratic and Republican Congressional sources involved in the negotiations tell ABC News that a tentative agreement has been reached on the framework of a deal that would give the President a debt ceiling increase of up to $2.4 trillion and guarantee an equal amount of deficit reduction over the next 10 years.

The details are still being worked out, and a senior White House aide tells ABC News, “talks continue but there is no deal to report.”

Congressional leaders plan to brief their members on the framework tomorrow.  The reaction from both parties’ rank-and-file will determine whether this tentative deal becomes a final deal.

Here, according to Democratic and Republican sources, are the key elements:

•A debt ceiling increase of up to $2.1 to $2.4 trillion (depending on the size of the spending cuts agreed to in the final deal).
•They have now agreed to spending cuts of roughly $1.2 trillion over 10 years.
•The formation of a special Congressional committee to recommend further deficit reduction of up to $1.6 trillion (whatever it takes to add up to the total of the debt ceiling increase).  This deficit reduction could take the form of spending cuts, tax increases or both.
•The special committee must make recommendations by late November (before Congress’ Thanksgiving recess).
•If Congress does not approve those cuts by December 23, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare. This “trigger” is designed to force action on the deficit reduction committee’s recommendations by making the alternative painful to both Democrats and Republicans.
•A vote, in both the House and Senate, on a balanced budget amendment.
Democrats won’t like the fact that Medicare could be exposed to automatic cuts, but the size of the Medicare cuts is limited and they are designed to be taken from Medicare providers, not beneficiaries.”

Read more:

http://blogs.abcnews.com/thenote/2011/07/white-house-republicans-strike-tenative-deal-to-raise-debt-ceiling-.html

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27 responses to “Tentative budget deal reached, ABC news reports, Debt ceiling increase, Guarantee an equal amount of deficit reduction

  1. I could spend all day clearing up the misinformation infecting the internet in stories related to ‘legal proceedings’ involving Ms. Taitz. Even just sticking to one site, WND.

    The court did not issue a subpoena for the state of HI to produce Obama’s original birth certificate for inspection, except insofar as Ms. Taitz downloaded a form from the internet; filled it in; and paid to register her request with the Clerk of Courts.

    http://www.uscourts.gov/uscourts/FormsAndFees/Forms/AO088B.pdf

    Registering this form is not the same as obtaining an Order of Production in response to a Motion submitted to the judge.

    “At any time, on notice to the commanded person, the serving
    party may move the issuing court for an order compelling production or inspection.” Id.

  2. So basically the Balanced Budget Ammendment is dead and the supposed cuts may or may not be real.
    To late, we are going to be downgraded anyway. This was all political theater to access blame.

    Prepare for some real economic pain.

  3. another veiw, comment from someone named Dave at Ace of spades HQ.

    “Most of you have no clue how congressional budgeting works. This deal, if it passes, does mean $2.8T in real cuts. So take your chicken littleisms and shove them.

    1) Reduction in spending authority is a “real” cut. Spending is done through programs, and programs are established in future budgets. A federal program includes a long range forecast for spending, that is included in all future budgets unless it is cancelled. The reason you can’t get savings NOW is because you can’t go back into the past and kill programs in their infancy. The federal government isn’t spending $2T a year on groceries like you do in your budget. It is spending it on things like bridges. You are asking them to stop paying for a bridge that is finished except for laying the asphalt.

    2) It is a trap, and the Dems have fallen into it. The commission is unlikely to agree on an additional $1.8T, so we will then get an automatic percentage cut across the board to all departments. This could be the start of pushing us back to 2008 spending levels. It is also a complete capitulation by Obama, since his goal has been to turn us into a European social democracy. He needed permanent increase in the size of government to do that. He failed.

    3) Pushing this into 2013 is huge political mistake by Obama. The Republican nominee adds another increase in the debt limit to the campaign rhetoric, joining pending tax increases and Obamacare. Massive political blunder.

    4) No taxes. Everyone seems to have forgotten what a huge win this part is. Two weeks ago, raising taxes was the left’s “hill to die on”

  4. Pat 1789 | July 31, 2011 at 9:27 am |
    another veiw, comment from someone named Dave at Ace of spades HQ.
    ******************************
    It seems that some of the views of Dave are flawed, imo. Of course, we don’t know exactly what the language will be in the final bill that gets signed by Obama, but the provision to push this into 2013 does not appear to me to be a huge political mistake BY Obama. It gives him time to concentrate on reelection and also “stress free” (no pending worries about debt default) months to continue to take this country down via new EPA regulations and any executive orders he pleases.

    “Massive political blunder” ? How so? The Tea Partyers are madder than hops and will most likely take their fury out on the Repubs in 2012, probably causing a decrease in Repub majority in the House. It would be to the country’s detriment for them to do so, but the fickleness and rashness of human nature must be reckoned with.

    When Dave says “No taxes”, I am not sure that there is a binding obligation to that declaration, when it comes to the special Congressional Committee’s mandate. If we can believe the ABC news report in this thread’s lead in article, which says, “The formation of a special Congressional committee to recommend further deficit reduction of up to $1.6 trillion (whatever it takes to add up to the total of the debt ceiling increase). This deficit reduction could take the form of spending cuts, tax increases or both.”, then tax increases may not be off the table.

    Time will tell.

  5. I can’t help wondering…… exactly how many American people had any verbal input into the (alleged) agreement. That is to say people having absolutely no political agenda effecting their viewpoint. What do you suppose they would have told lawmakers in DC? I for one will be telling the so called lawmakers exactly what I think in 2012,via the voting booth. Further I hope that about 250,000,000 people vote as I intend to vote. If they do we will be rid of Soetoro. However I find myself wondering once again………this time what sort of POTUS will be next? Will he be a bought and paid for entity, who dances to the tune of super rich? Or will he/she be a person who will with all due rectitude follow the so called law of the land?

  6. Dave@Aces of Spades HQ………………..
    I personally agree with you regarding how the agreement was structured. However I am not very sure that the Liberal Left will see it as binding, in ANY WAY,SHAPE,OR FORM. Soetoro will continue to circumvent the law, and Congress via XO, and it is doubtful that any of the elected people will lift a finger to stop him. He will continue to appropriate funding for anything he chooses ,from any source he chooses. He will rule by XO.

  7. Hotlanta Mike

    Pat 1789 | July 31, 2011 at 9:27 am |
    another veiw, comment from someone named Dave at Ace of spades HQ.

    “Most of you have no clue how congressional budgeting works. This deal, if it passes, does mean $2.8T in real cuts. So take your chicken littleisms and shove them.

    ==========================================

    How can you push back to 2008 levels when the BASELINE for budgeting is not flat but increases approx. 7.5% each year regardless of the rate of inflation. That’s why all hese “plans” from the GOP and the donkeys DO NOT balance EVER. All that is being changed is the degree of the trajectory of the spending.

    The Mack Penny plan in as common sense asthere is. Hold spending at 2011 levels, cut 1% (1 cent of every federal dollar spen) per year for 6 years, then hold at that level for 2 additional years and the budget is balanced. So easy even a caveman can understand it.

    Rand Paul: Obama Manufactured this Crisis

    http://www.breitbart.tv/rand-paul-obama-manufactured-this-crisis/

  8. Hotlanta Mike

    Rep. McCotter calls for a truce between Republicans, Tea Party

    http://thehill.com/blogs/floor-action/house/174503-mccotter-calls-for-truce-between-republicans-tea-party

    Can you hear the repubics now…compromise, compromise, comprise. Let’s work together. What was said after the historic election results in November 2010, something to the effect that when the Tea Party members arrive to D.C. they need to be co-opted by the GOP.

    If the last 7 months have demonstrated anything, the establishment GOP IS the problem. I predict 2012 will result in even further gains of the Tea Party because WE THE PEOPLE are mad as hell and we aren’t gonna take it anymore.

  9. Hotlanta Mike | July 31, 2011 at 11:25 am |
    Cabby – AZ | July 31, 2011 at 10:15 am |

    Good points! Thanks

  10. WATCH THIS!!! HALT Act To Restrict Obama’s Executive Authority!!!

    Posted by Sarah Roman on July 31, 2011 at 11:00am
    View Sarah Roman’s blog

    While Americans have been busy listening in on the debt crisis… there has been an Act introduced to Congress called the “HALT Act”. This Act will do exactly what it states… HALT “the Obama administration from abusing its authority to grant a mass administrative amnesty to illegal immigrants.” Basically, this act will remove/take away power that is normally given to the POTUS and his administration.

    I’m glad to see that Congress is finally starting to wake up and see that we have a Marxist in the White House.

    This video is lengthy… BUT this is the video that each patriot here on PAN has been waiting to hear in regards to Congress taking action against Obama.

    Not surprisingly, the media has been silent about this VERY IMPORTANT issue that happened this past week.

    ***********************************************************************

    Statement of Judiciary Committee Chairman Member Lamar Smith Subcommittee on Immigration Policy and Enforcement Hearing on H.R. 2497, the “HALT Act”
    http://www.patriotactionnetwork.com/profiles/blog/show?id=2600775:BlogPost:4996091&xgs=1&xg_source=msg_share_post

  11. Pro Graphics seems to be in contact with Jerome Corsi, Paul Irey and others and has some pretty good advice for Orly Taitz today on his website today

    http://www.obamafake.blogspot.com

  12. Placing spending restrictions upon a person like Soetoro will only encourage him to perpetrate political crimes of even greater magnitude than those of the past. He is fast becoming desparate, and as such he will become even more UNSTABLE, and unsure of his ground. I personally look for some really ridiculous behavior between now and 2012. There will also be a MULTITUDE of lies for Americans to deal with.

  13. Motion to compel the subpoena “to grant access to the original long form birth certificat of Barack Obama, memorandum of points and authorities, proposed order. PDF and DOCX versions provided

    Taitz v Astrue motion to compel the subpoena, proposed order
    DR. ORLY TAITZ, ESQ
    ATTORNEY PRO SE
    29839 SANTA MARGARITA PARKWAY, STE 100
    RANCHO SANTA MARGARITA CA 92688
    TEL: (949) 683-5411; FAX (949) 766-7603
    E-MAIL: ORLY.TAITZ@GMAIL.COM
    UNITED STATES DISTRICT COURT
    FOR THE DISTRICT OF COLUMBIA
    Dr. ORLY TAITZ, ESQ, PRO SE §
    Plaintiff, § Freedom of information violation
    § 5USC §552

  14. 11:26 am —–

    “If the last 7 months have demonstrated anything, the establishment GOP IS the problem.”
    =====
    “Thank The Republicans For The Mess Of The Last 31 Months”

    “It is the Republicans who are to blame for the mess that has become Washingtonian government. It wouldn’t take more than a few days to expose Obama for the illegal and ineligible president that he is. …

    … Boehner McConnell, and other rightwing stalwarts, pontificate about the obstienance that is Obama, they rail about the damage this fool does to our nation, yet they will not simply ask a basic question. “Who are you?””

    http://giveusliberty1776.blogspot.com/2011/07/thank-republicans-for-mess-of-last-31.html

  15. Pat 1789 | July 31, 2011 at 9:01 am |

    So basically the Balanced Budget Ammendment is dead and the supposed cuts may or may not be real.
    To late, we are going to be downgraded anyway. This was all political theater to access blame.

    Prepare for some real economic pain.
    *************************************************
    Obama, and Soros, plan to bankrupt America proceeding as planned.

  16. LOOKING FOR WORK
    A doctor from Israel says: “In Israel the medicine is so advanced that we cut off a man’s testicles; we put them into another man, and in 6 weeks he is looking for work.”

    The German doctor comments: “That’s nothing, in Germany we take part of the brain out of a person; we put it into another person’s head, and in 4 weeks he is looking for work.”

    A Russian doctor says: “That’s nothing either. In Russia we take out half of the heart from a person; we put it into another person’s chest, and in 2 weeks he is looking for work.”

    The U.S.doctor answers immediately: “That’s nothing my colleagues, you are way behind us….in the USA, about 2 years ago, we grabbed a person from Kenya with no brains, no heart, and no balls….we made him President of the United States, and now……. the whole country is looking for work

  17. Bob…….great truth you have blogged here!

  18. The debt ceiling agreement:

    This is a WIN/WIN FOR OBAMA/BOEHNER and a LOSE/LOSE for the American public!

  19. bob strauss

    Senator Rubio chastises the Senate.

  20. bob strauss

    AGAIN with the 14th AMENDMENT!
    July 31, 2011

    © 2011 jbjd

    Members of President Obama’s junta have again successfully fomented confusion among the masses by their invocation of the 14th Amendment as affording legal justification to Order our way out of the most current ‘crisis’ involving the debt ceiling. As is the case when considering so much of the man’s conduct; asking whether this is ‘legal’ posits the wrong question. Rather, here is the more accurate inquiry: if he issues an Executive Order to raise the debt ceiling, which order is predicated on the 14th Amendment, in legal terms, is there anything those who object to his conduct, can do about it? And, the answer is, ‘no.’

    Basically, issuing an EO is a political move; even if asked to weigh in, the courts, for the most part, will not. http://topics.law.cornell.edu/wex/executive_power All the President has to do is, declare the situation is an “emergency.” http://www.law.cornell.edu/uscode/html/uscode50/usc_sec_50_00001621—-000-.html
    Read more.
    http://jbjd.org/

  21. bob strauss

    jbjd | July 31, 2011 at 8:41 am |

    I could spend all day clearing up the misinformation infecting the internet in stories related to ‘legal proceedings’ involving Ms. Taitz. Even just sticking to one site, WND.

    The court did not issue a subpoena for the state of HI to produce Obama’s original birth certificate for inspection, except insofar as Ms. Taitz downloaded a form from the internet; filled it in; and paid to register her request with the Clerk of Courts.

    http://www.uscourts.gov/uscourts/FormsAndFees/Forms/AO088B.pdf

    Registering this form is not the same as obtaining an Order of Production in response to a Motion submitted to the judge.

    “At any time, on notice to the commanded person, the serving
    party may move the issuing court for an order compelling production or inspection.” Id.
    ******************************************
    Motion to compel the subpoena “to grant access to the original long form birth certificat of Barack Obama, memorandum of points and authorities, proposed order. PDF and DOCX versions provided

    Taitz v Astrue motion to compel the subpoena, proposed order
    DR. ORLY TAITZ, ESQ
    ATTORNEY PRO SE
    29839 SANTA MARGARITA PARKWAY, STE 100
    RANCHO SANTA MARGARITA CA 92688
    TEL: (949) 683-5411; FAX (949) 766-7603
    E-MAIL: ORLY.TAITZ@GMAIL.COM
    UNITED STATES DISTRICT COURT
    FOR THE DISTRICT OF COLUMBIA
    Dr. ORLY TAITZ, ESQ, PRO SE §
    Plaintiff, § Freedom of information violation
    § 5USC §552

  22. bob strauss | July 31, 2011 at 5:26 pm |

    jbjd | July 31, 2011 at 8:41 am |


    “At any time, on notice to the commanded person, the serving
    party may move the issuing court for an order compelling production or inspection.” Id.
    ******************************************
    Motion to compel the subpoena “to grant access to the original long form birth certificat of Barack Obama, memorandum of points and authorities, proposed order. PDF and DOCX versions provided

    Taitz v Astrue motion to compel the subpoena, proposed order,,,
    ***************************************************************************
    Yes, bob strauss, after the WND posted the meaningless subpoena, which can be downloaded from the internet and, misled everyone into believing, she had gotten the court to order the HI DoH to make their files available; then, she asked the court to issue an Order, which she is allowed to do, under the rules. (BTW, under the rules, when a party appears pro se, that is, when she is her own client; the only way she can serve a subpoena is to get the Clerk to sign it, first.) (Orly’s status as a member of the CA bar is inapposite here, as she is only licensed to practice in specific jurisdictions.)

    But the court will never approve such an Order.

  23. jbjd | July 31, 2011 at 7:41 pm |
    But the court will never approve such an Order.
    **********************
    Why wouldn’t the court approve the order? After all, it’s just a stinking birth certificate, and it’s a SS fraud case.

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