Debt deal could get support--gang of 6 turned into 50

Discussion in 'Politics' started by oreo, Jul 19, 2011.

  1. oreo
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    oreo Gold Member Supporting Member

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    Support for Senate

    Funny--how when Barack Obama out of the room--probably out on the golf course--we actually see democrats and republicans WORKING together--to solve a crisis.

    Amazing isn't it?
     
  2. Moonglow
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    Moonglow Diamond Member

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    the job is for Congress to accomplish. It is not the presidents. Will when you people learn about functions of government. Obama can't be the executive and legislative branch of the govt.
     
  3. Truthmatters
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    Truthmatters BANNED

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    They dont care about facts.

    take the line in the stupid article that claims some calamitous consequences in the markets if the republicans dont get their way.

    Bad info in bad decisions out.

    Its why the Rs cant get anything right
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    President Obama praises 'Gang of Six' debt ceiling plan - Carrie Budoff Brown and Jennifer Epstein - POLITICO.com

     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    Again you prove how stupid you are.

    If the Republicans did not get at least some of what they want (spending cuts) and we just raised the Debt Ceiling with out making any Cuts. It is almost sure that SnP would downgrade our Credit Rating. They have made it clear we need to show we are serious about getting our Deficits under control.

    Now if you think losing our AAA credit rating would not have calamitous Consequences on the economy then clearly you are a fool. It would be nearly as bad as Defaulting would be.
     
  6. JimH52
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    JimH52 Gold Member

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    The plan is similar to the one that Obama offered earlier, but don't tell the repubs...
     
  7. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I would like to see the plan before celebrating, sorry i dont trust the senators from either party.
     
  8. Trajan
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    Trajan conscientia mille testes

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    what plan was that? :eusa_eh:
     
  9. Trajan
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    Trajan conscientia mille testes

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    yes, agreed, I understand coburn has one, actually on paper.

    Coburn Releases $9T Deficit Reduction Plan

    * By Steven T. Dennis
    * Roll Call Staff
    * July 18, 2011, 3:52 p.m.

    Sen. Tom Coburn released a $9 trillion "Back in Black" deficit reduction plan Monday that would gore government programs and tax breaks large and small.

    The plan would cut $1 trillion in tax breaks that the Oklahoma Republican considers "socialist" spending, although it would be considered a tax increase by anti-tax advocate Grover Norquist. Norquist's group, Americans for Tax Reform, attacked the plan Monday. "It's now clear Senator Coburn's plan all along was a trillion dollar tax hike," the group said in a statement.

    Coburn said it doesn’t make sense to say it’s OK to cut spending when it’s part of an appropriations bill, but not when it is tucked into the tax code. “That’s just ludicrous. It’s idiocy,” he said.

    He also said that solving the nation's spiraling debt problem must take priority.

    "Doing nothing is a tax increase," he said, adding that if he were negotiating with President Barack Obama, he would seek a compromise of new revenue and spending cuts.

    He criticized the "Plan B" proposal from Senate Minority Leader Mitch McConnell (R-Ky.) that would allow the debt ceiling to be raised without a guarantee of deficit reduction, calling it a "punt."

    Coburn also includes $1 trillion in defense spending cuts — more than even Senate Democrats have proposed — contending that the threat of China owning U.S. debt is a bigger national security risk than going to war with China.

    more at

    Coburn Releases $9T Deficit Reduction Plan : Roll Call News

    a link to the plan-

    Back in Black: A Deficit Reduction Plan - Tom Coburn, M.D., United States Senator from Oklahoma
     
  10. Trajan
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    Trajan conscientia mille testes

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    Last edited: Jul 19, 2011

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