Boehner and Reid two new competing Debt plans

Discussion in 'Politics' started by ScreamingEagle, Jul 25, 2011.

  1. ScreamingEagle
    Offline

    ScreamingEagle Gold Member

    Joined:
    Jul 5, 2004
    Messages:
    12,885
    Thanks Received:
    1,609
    Trophy Points:
    245
    Ratings:
    +2,158
    Monday Jul 25, 2011 3:02 PM CT

    House Speaker John Boehner and Senate Majority Leader Harry Reid are offering competing plans for Congress to lift the U.S.’s $14.3 trillion debt ceiling and avert default before an Aug. 2 deadline.

    Boehner’s two-step plan would raise the U.S. borrowing limit by up to $1 trillion and later by $1.6 trillion while requiring larger spending cuts, according to Republican aides.

    Reid’s proposal would cut $2.7 trillion in spending and give President Barack Obama the full $2.4 trillion in additional borrowing authority he seeks, enough to get through the 2012 elections.

    Boehner Debt Plan Seeks Boosts of $1T, $1.6T - Bloomberg
     
  2. ScreamingEagle
    Offline

    ScreamingEagle Gold Member

    Joined:
    Jul 5, 2004
    Messages:
    12,885
    Thanks Received:
    1,609
    Trophy Points:
    245
    Ratings:
    +2,158
    Doesn't seem like much numbers difference between the two plans....the big kicker is Boehner's plan keeps the problem alive during election year....
     
  3. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,537
    Thanks Received:
    8,161
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,153
    As well it should be. The idea that these politicians should be able to sweep vital issues under the rug when running for reelection should be scandalous.
     
  4. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    and both parties are willing to borrow money to get out of debt.
     
  5. kyzr
    Offline

    kyzr Gold Member

    Joined:
    Oct 14, 2009
    Messages:
    3,447
    Thanks Received:
    450
    Trophy Points:
    130
    Ratings:
    +630
    I want to see charts showing the debt and spending over time and as projected. Also how long SS & Medicare will last based on the proposed plans.

    If they don't work throw them out next year. We don't need idiots who scam the voters.
     
  6. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    any links to the 'plans'.....?
     
  7. Ragnar
    Offline

    Ragnar <--- Pic is not me

    Joined:
    Jan 23, 2010
    Messages:
    3,271
    Thanks Received:
    800
    Trophy Points:
    153
    Location:
    Cincinnati, OH
    Ratings:
    +843
    If both plans come to fruition and Congress gets to vote on them it would be the Republican's third plan and the Democrat's first.

    Until then, I'm in the cut, cap and balance camp.
     
  8. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    15,490
    Thanks Received:
    2,962
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +6,352
    Geeeeshhhh. Total Ineptitude. It's about time to buy a parachute and detach from this vertical ride to the bottom of the cliff.
     
  9. AquaAthena
    Offline

    AquaAthena INTJ/ INFJ

    Joined:
    Feb 16, 2010
    Messages:
    15,453
    Thanks Received:
    11,061
    Trophy Points:
    2,265
    Location:
    ♥ TEXAS ♥ in Spirit
    Ratings:
    +12,342
    WASHINGTON (AP) -- House Speaker John Boehner says Senate Democratic leader Harry Reid's plan to deal with the debt and avert a government default is "full of gimmicks."

    Speaking to reporters Monday, Boehner praised the House GOP plan of an immediate $1.2 trillion in cuts and spending caps coupled with a $900 billion debt ceiling increase, followed by creation of a congressional committee charged with producing nearly $2 trillion in additional cuts.

    Reid favors a $2.7 trillion package in spending cuts that would also push the government's borrowing authority through next year, a timeline that President Barack Obama and top Democrats are demanding.

    Boehner said the Reid plan does not make any real changes in the spending structure of the government and fails to deal with Medicare and Medicaid.

    News from The Associated Press
     
    • Thank You! Thank You! x 2
  10. kyzr
    Offline

    kyzr Gold Member

    Joined:
    Oct 14, 2009
    Messages:
    3,447
    Thanks Received:
    450
    Trophy Points:
    130
    Ratings:
    +630
    "Failure is not an option"

    Its not funny thinking about no health insurance as we age. It looks like the the choices will be unaffordable healthcare, or no healthcare because the vast majority of hospitals can't survive w/o Medicare. Its really not funny.

    We need the pols to level with us and to get entitlements to a sustainable level. IMHO they need to impose a "Maximum Lifetime Benefit" to be sure we all get some level of care. If you didn't contribute your MLB is ZERO, get out, go away.
     

Share This Page