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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.


    By Kevin Rex Heine, Section News
    Posted on Sun Jul 31, 2011 at 09:46:13 PM EST
    Tags: Barry Obama, Joe Biden, Harry Reid, Mitch McConnell, John Boehner, Eric Cantor, Nancy Pelosi. (all tags)

    Evidently, somehow the powers-that-be behind the curtain of a back-room discussion have managed to craft some sort of deal to stave off an alleged default.  But first, let's watch Senator Marco Rubio (R-FL) out-argue Senator John Kerry (D-MA) in a floor speech from last Saturday.

    From the Associated Press:

    WASHINGTON (AP) -- Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.

    Officials said Speaker John Boehner telephoned Obama at mid-evening to say the agreement had been struck.

    No votes were expected in either house of Congress until Monday at the earliest, to give rank and file lawmakers time to review the package.

    Details are gradually emerging; apparently, the rank-and-file legislators will have a final version to review by the morning.

    Let's be clear about something:  The Boehner and Reid bills are nearly identical, but you'd never know that based on the debate these past two weeks.  The bills differ by only $2 billion (less than 1/10 of 1% of the budget) in spending next year, and both raise the debt limit by more than $2 trillion.  The Senate's caps war spending; the House's has an unenforceable pledge to pass a constitutional balanced budget amendment (which may not even be in the final "compromise" that's allegedly ready for a vote).

    So, in exchange for this nation going "upside down" on the debt-to-GDP ratio, we have a non-binding pledge to at some nebulous point in the future pass a Balanced Budget Amendment to the U.S. Constitution, a limit on war spending which can be changed as soon as an actual budget is passed in the Senate, and a "promise" to "cut" spending by an amount that isn't much more than a rounding error in the budget bottom line.

    And in the meantime, we're screwed anyway because "republican" leadership didn't have the balls to stick to Cut, Cap, and Balance.

    < Editorial Bias And Purposeful Omission | Visit Exotic Places Earn Big Cash Be a Congressman! >

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    Senator Rubio . . . (none / 0) (#1)
    by Kevin Rex Heine on Sun Jul 31, 2011 at 09:59:27 PM EST
    . . . lays it out plainly and simply here:

    The solution is easy:

    1. Cut the federal government spending by no less than $4 trillion per year for at least the next ten years, cap government spending at no more than 90% of federal revenues, and pass a well-structured Balanced Budget Amendment to the U.S. Constitution.

    2. Get the government the hell out of the way of the private sector so it can get the economy back up and running again.

    3. Use any surpluses in subsequent federal budgets to pay down and pay off the national debt.

    It's not that damn complicated.

    I am going to so love... (none / 0) (#2)
    by KG One on Mon Aug 01, 2011 at 09:56:51 AM EST
    ...seeing the "republicans" from Michigan who vote for this, attempt to explain themselves when they get back.

    I don't see next August getting any friendlier.

    This is worse than their "pledge" to cut $100-billion after they were elected.

    And look how that cluster turned out?

    Vote just passed in the House... (none / 0) (#3)
    by KG One on Mon Aug 01, 2011 at 07:11:15 PM EST

    The republicans were certainly eager to sell their souls on this one...

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