Poll Question: WILL THERE BE A BUDGET DEAL BY AUG 2ND
jackconrad
14 years ago
Deal by tuesday?
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borndead1
14 years ago
They are only putting on a show. There will end up being MAYBE a 10-15% reduction in spending over the next 10 years. All military spending will be safe. Hey, perpetual war and keeping a military presence in over 100 countries ain't cheap. They MIGHT shave a few million dollars off foreign aid, just so the freshman republicans can claim that they "cut foreign aid". Entitlement programs will probably be spared too, so the democrats can say "we saved social security and medicare".
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rfenst
14 years ago

They are only putting on a show. There will end up being MAYBE a 10-15% reduction in spending over the next 10 years. All military spending will be safe. Hey, perpetual war and keeping a military presence in over 100 countries ain't cheap. They MIGHT shave a few million dollars off foreign aid, just so the freshman republicans can claim that they "cut foreign aid". Entitlement programs will probably be spared too, so the democrats can say "we saved social security and medicare".

borndead1 wrote:



It will get done, very close to the end of the deadline, perhaps within just several hours. of time to spare. They should do it today (Sunday), so that the markets will breathe easier when they open tomorrow, but I doubt it will happen. Real problem, as I see it, is that Boehner has a little egg on his face right now (and the Rs don't have their act together as well as Boehner thought or would like.

Ds want to extend an agreement past the presidential election to avoid any intervening spending dispute that could cost them the White House or Senate, and enhance their chance that they will be able to make inroads in the House. Tea Party sympathizers can make all the noise they want, but they will only impress their own original electorate.

Right now, Democrats are taking the least political hit. Rs are taking a big hit. Obama took a slightly lesser hit. Politically, ts been a bad couple weeks for Boehner-and it is not over yet on this issue. Reid is faring better. But, the real winner is... no one!!!
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pgje51
14 years ago
Boehner pulled a bonner.
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HockeyDad
14 years ago
]The big winner here is DEBT. We need more debt. We cannot live within our means regardless of Republican or Democrat leadership and the important thing is that payment of debt has been reaffirmed as our top priority.
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Whistlebritches
14 years ago
Yes there will be a deal......prolly today.It'll suck.

Until the freeloaders are tossed from the cart this will be a problem.Toss em.....no need for a debt ceiling increase.But we know this won't happen........80% of the dems base is riding in the above mentioned cart.


Ron
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chiefburg
14 years ago
Yep, we are in bad shape when the only way anyone sees out of this is to raise the debt ceiling........what a pathetic bunch of losers. America is heading down the toilet faster than any point in our history. We need to fire everyone in the Whitehouse, the House of Representatives, and the Congress. They all need to go and we need to start with some fresh people who aren't corrupted by the system (good luck trying to find a few.....). Frankly, it makes me feel like moving to another country........we are an embarrasment to the world right now.
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HockeyDad
14 years ago
One of the things I found hilarious is the Boner's plan was to add 900 billion in debt to get us through the next 6 months and then offset it with 900 billion in spending cuts over ten years.

(meanwhile over those ten years we would still run a deficit of around 900 billion each year so over that period we will still need to raise the debt ceiling another 9 trillion)

....and this was unacceptable to the Democrats!
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FuzzNJ
14 years ago

Yep, we are in bad shape when the only way anyone sees out of this is to raise the debt ceiling........what a pathetic bunch of losers. America is heading down the toilet faster than any point in our history. We need to fire everyone in the Whitehouse, the House of Representatives, and the Congress. They all need to go and we need to start with some fresh people who aren't corrupted by the system (good luck trying to find a few.....). Frankly, it makes me feel like moving to another country........we are an embarrasment to the world right now.

chiefburg wrote:



It was money that was already spent. Not like there was a choice.
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HockeyDad
14 years ago

It was money that was already spent. Not like there was a choice.

FuzzNJ wrote:





That is correct. What needs to happen is a clean vote in raising the debt ceiling in the amount of spending that Congress already authorized.



Future debt ceiling increases need to be tied to the Federal budget that is passed, not as separate bills.

The President submits his budget request which he has and his ten year forecast is 10 trillion in additional debt. Like it or not, it is honest.

Next Congress passes a Federal budget that may or may not match the President's request. If it includes deficit spending, the debt ceiling increase as appropriate should be built into the legislation. If Congress doesn't want deficit spending, during the budget negotiations is the place to fix it.
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zitotczito
14 years ago
Now since we will end up with 12 member Super Congress, what do we need the rest of those losers for?
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rfenst
14 years ago
Anyone remember the film Rollover?
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pgje51
14 years ago
We gots a deal.

All is well in the kingdom tonite.
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rfenst
14 years ago

We gots a deal.

All is well in the kingdom tonite.

pgje51 wrote:



No deal yet. That was just window dressing to calm the markets around the world and here in the U.S before they open tomorrow. Now, both houses will need to ram it through. Classical, strategic negotiations always involve waiting until the parties are both on the edge of abyss. The opera isn't over...
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robertknyc
14 years ago
Dow futures are up 174 tonight, so the market is convinced the debt ceiling will be raised, even if it's kicking the can down the road a bit.
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deadeyedick
14 years ago
Another "Wimpy" deal. "I will gladly pay you Tuesday for a hamburger today".

DED
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rfenst
14 years ago

Another "Wimpy" deal. "I will gladly pay you Tuesday for a hamburger today".

DED

deadeyedick wrote:



Why do you expect any more than that?
The type of budgeting necessary will take months to years to formulate and enact. Tying the expectation that will ever occur to a fiscal deadline is useless. It is all "smoke and mirrors". Nobody is serious about anything fiscal, except not defaluting.
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ZRX1200
14 years ago
Operating without a budget for 800 days isn't responsible and serious??
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rfenst
14 years ago

Operating without a budget for 800 days isn't responsible and serious??

ZRX1200 wrote:




There is a budget. Meeting it just require borrowing right now.
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deadeyedick
14 years ago

Why do you expect any more than that?
The type of budgeting necessary will take months to years to formulate and enact. Tying the expectation that will ever occur to a fiscal deadline is useless. It is all "smoke and mirrors". Nobody is serious about anything fiscal, except not defaluting.

rfenst wrote:



Come on Robert. You don't really expect ANY of the promised cuts over 10 years to materialize do you? What I expect is more of the same fiscal irresponsibility that has been going on for decades.

DED
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