Boehner Seeks Limited Budget Deal

A statement from the Speaker:

Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase.

It does appear we are at an impasse – Democrats won’t go for a major package without tax hikes, while we can’t accept tax hikes.  Unless there was a cave-in by the GOP, this is pretty much what I expected.

Of course, it would be better if we didn’t agree to any increase in the debt limit – there would be scare stories aplenty if that happened and the markets would at least temporarily tank…but as the markets are due to tank, anyway, the actual economic effect would be minimal.  And I do believe that as on the morrow of no new debt the world did not end, people would shrug off the event and any hit we took in the polls would be short-lived – and the long term payoff would be immense as the people would absolutely trust us on the matter of the budget.

But, we don’t quite have that sort of Congress, yet.  We’ll have to work for one in 2012 – meanwhile, a mini-deal which actually cuts spending will be good for the country and good for us…and we can carry the fight in to next year, with the Democrats having to defend Big Government while we defend freedom.

Now, if we could only get the GOP leadership to make it a fight against Big Government and Big Corporation and really hang the rotten system on the Democrats, that would be wonderful…

28 thoughts on “Boehner Seeks Limited Budget Deal

  1. retiredspook89 July 9, 2011 / 11:10 pm

    One thing you can count on as sure as the sun comes up in the East; Democrats NEVER live up to promises of cutting spending — NEVER. This seems to be a lesson that the GOP never learns.

    BTW, what happened to the President’s statement back in January that raising taxes, even just on the rich, would cost at least a million jobs? The only thing that’s changed since then is that unemployment is worse.

  2. GreenMountainBoy July 9, 2011 / 11:10 pm

    “Now, if we could only get the GOP leadership to make it a fight against Big Government and Big Corporation and really hang the rotten system on the Democrats, that would be wonderful…”
    Why won’t they? Just what are they afraid? Someone please explain to me why the people we send to congress won’t do thier job.
    Are they afraid the lame äss media will say bad stuff about them? No more golfing with bams? No more contry club invites. No parties,cocktails,canapes?
    What are they there for if they won’t do thier job?

    • retiredspook89 July 9, 2011 / 11:13 pm

      Are they afraid the lame äss media will say bad stuff about them? No more golfing with bams? No more contry club invites. No parties,cocktails,canapes?

      Yes.

      • GreenMountainBoy July 9, 2011 / 11:18 pm

        Then we are boned no matter what then?
        If the so called leaders won’t lead and the followers are getting out of the way, where does that leave us?

      • neocon1 July 10, 2011 / 2:38 pm

        Are they afraid the lame äss media will say bad stuff about them? No more golfing with bams? No more contry club invites. No parties,cocktails,canapes?

        Yes.

        SICKENING

    • Mark Noonan July 9, 2011 / 11:47 pm

      GMB,

      Spook is right – they are afraid; but they are becoming more afraid of we, the people, then of anything else. And in addition to this growing fear, there are an increasing number of genuinely constitutional conservative/libertarians in Congress…definitely a solid majority of all House GOPers (perhaps even up to 3/4 of the House caucus) and at least 40 of the 47 Senate GOPers. All we need is a bit more and, bingo, we’ll have absolute majorities in both Houses in tune with constitutional principals.

      To work, then, with a will…and take what you can get along the way.

      • GreenMountainBoy July 9, 2011 / 11:57 pm

        “and take what you can get along the way.”
        The questions here are, If 3/4 of the house caucus are “conservative/libertarians ” how did boener get elected speaker? Because of his negotiation skills?
        second; What have we gotten along the way. The 100 billion in cuts that were promised last election? defunding bamscare? defunding PP? Anything?
        So far it looks to me that we have nothing more than politics as usual.
        I am open to any and all corrections.

  3. Jolene July 10, 2011 / 6:28 am

    There goes the election – thank you Mr. Speaker; If the debt limit wasn’t raised, the only people having a problem would be Pelosi & Reid. Why are these two puppet masters allowed to still be in control? Mr. Speaker, find a set and retrieve them please.

    • Amazona July 10, 2011 / 12:55 pm

      Nothing like an unbiased and objective commentary, is there? Let’s see how the Economist article stands up to those criteria:

      America’s net indebtedness is a perfectly affordable 65% of GDP.

      Perfectly affordable? And static, too, no doubt. Interesting perspective.

      Now, however, the Republicans are pushing things too far.

      Opinion, not fact.

      Assuming that the recovery continues, that would be enough to get the deficit back to a prudent level.

      Well, first we have to assume that there IS a “recovery” to “continue”. So far we are TOLD there is, yet somehow it is visible only to those who desperately need us to believe it is. And anyone who finds indebtedness of 65% of GDP to be “perfectly affordable” is hardly one I would look to for a definition of “prudent”.

      But wait! We aren’t even to the part where the budget hawks in Congress are described as the “…wilder-eyed members of their party…” or the characterization as …” the cacophony of conservative media…” , much less the assertion that a refusal to raise taxes during a recession/depression “… is economically illiterate and disgracefully cynical.”

      Cynical? What does cynicism have to do with it? But forget about that and look at a REAL example of economic illiteracy: “America’s tax take is at its lowest level for decades” Well, uh, DUH. This is what happens when incomes are down. The problem is not that taxes are not high enough, it is that there is less income TO TAX.

      But our supposed journalist is just getting warmed up. And the closer you look, the more unprincipled the Republicans look. Earlier this year House Republicans produced a report noting that an 85%-15% split between spending cuts and tax rises was the average for successful fiscal consolidations, according to historical evidence. The White House is offering an 83%-17% split (hardly a huge distance) and a promise that none of the revenue increase will come from higher marginal rates, only from eliminating loopholes. If the Republicans were real tax reformers, they would seize this offer. ”

      “Unprincipled”. An editorial comment, a personal opinion. Nice.

      And isn’t it funny that a GOP refusal to give up 2% on each side of the suggested split between spending cuts and tax hikes is “unprincipled” but the Dem refusal to do the same is not? And on what are the Republicans supposed to base a cave-in? Oh, gee, a PROMISE from the most lying and corrupt administration in the past century, at least. Let’s hurry up and give up the farm based on THAT.

      And how does this so-called “journalist” describe the GOP efforts to rein in out-of-control spending and its resulting debt? Why, as A gamble where you bet your country’s good name of course.

      Yeah, as if this country has much of a “good name” left after sucking up to Chavez, having its President go on a world-wide apology tour groveling in shame for our accomplishments, turning its back on one of our staunchest allies and leaving it to fend for itself in the face of efforts to totally destroy it, playing rent boy to China, flaunting more Executive Branch corruption than any prior resident of the White House, ignoring its own Constitution in favor of implementing outrageous social engineering experiments that have driven us into unsustainable debt, keeping open borders and offering to buy votes of illegal immigrants by offering them amnesty and citizenship, and so on, ad nauseum.

      Yeah, we need to have a Euro-weenie lecture us on how we would be so much better off to follow the British example. Next he will probably lecture us on how we, too, should accept Sharia law.

    • Amazona July 10, 2011 / 12:59 pm

      Only the pseudo-Liberal trolls look to other nations for approval, validation, and education on how to run our own country.

      Funny how they never bother to see what a mess those other countries are. They would probably take diet advice from Oprah and ask Rosie O’Donnell to give classes on courtesy and decency.

      Wanna bet ol’ 6206j will be one of those who will not, or can not, define a coherent political philosophy, explain why it is the best one for the governance of our nation, and stand up for it?

      • Cluster July 10, 2011 / 1:51 pm

        Only the pseudo-Liberal trolls look to other nations for approval, validation, and education on how to run our own country

        But that is of course, only when it fits their agenda. The other day, thomas, the self ascribed smartest man on this blog, made the comment, that it is our (America’s) world, and other people just live in it. This of course was related to the debt and how meaningless it was because we could still buy bonds at low interest rates.

        Wasn’t it just a few short years ago that liberals were denouncing the growing debt, citing that our grandchildren would be unnecessarily burdened and that our debt was a matter of national security? In fact didn’t Pelosi promise a pay as you go democratic House? What do you suppose happened between now and then?

    • MontyBurns July 10, 2011 / 11:38 pm

      Can’t argue against the truth, can you, Amazona? You can only screech that an editorial is, well, an editorial. But perhaps if you weren’t so economically illiterate and cynical, you wouldn’t screech so loudly at having the obvious truth pointed out to you.

      By the way, Amazona, we were told repeatedly that cutting taxes on the top bracket would have wonderful results. We’re still waiting for those results. Yup, any decade, now….

      • tiredoflibbs July 11, 2011 / 12:06 pm

        Monty regurgitates the dumbed down talking point: “By the way, Amazona, we were told repeatedly that cutting taxes on the top bracket would have wonderful results. We’re still waiting for those results. Yup, any decade, now….”

        Well, myself, Amazona, spook and others have posted dozens of links PROVING that with tax cuts came increased revenues, increased jobs, etc.

        Unfortunately, you drones have ignored these postings and continue to regurgitate the usual BS as you have AGAIN.

        You whine about facts but ignore those that lie outside your lies and spin. Again, we have proven your “facts” are talking point lies while you have proven NOTHING.

        So sad for you……

      • MontyBurns July 11, 2011 / 12:37 pm

        Hey, great dumbed-down talking points, tired (drone). Unfortunately, what you’re lacking are, you know, actual facts. You seem to believe that saying something makes it true. Here’s a hint for you: It doesn’t.

        Oh, and pathetic dumbed down pathetic looter moocher pathetic drone pathetic.

      • tiredoflibbs July 11, 2011 / 4:51 pm

        Wow Monty, you absolutely have no clue about projection and parroting.

        You still haven’t proved ANYTHING while there are dozens of links from the IRS that proves ours.

        Sucks to be you as Timmy the Tax Cheat has said.

      • MontyBurns July 11, 2011 / 6:17 pm

        So no facts, then, tired? That’s what I figured. Here’s a rundown of the utter failure of the Bush tax cuts. I predict that your response will be to dodge the facts, attack the source, and spew your talking points. Those are the only things you know how to do, after all.

      • Amazona July 11, 2011 / 6:54 pm

        You know, “Monty”, simply hollering louder and heaping on the insults does nothing to disguise the fact that you have nothing to offer but vitriol and blind knee-pad allegiance to an always-failed political and economic system.

        The proofs of increased economic vigor due to tax RATE cuts have been produced over and over again, yet you and your kind demand that we continue repeating them. Why bother? You ignore the facts, lie, and generally try to distract from the facts with your temper tantrums. Admittedly, part of this could be due to profound stupidity on your part, the confusion that makes you constantly refer to “tax cuts” instead of tax RATE cuts”.

        But given your spittle-flying hysterical assaults when faced with reality, it is just as likely that you do understand the facts but also realize that they do you and your side no good so you simply lie about them.

        BTW, you are still misusing the word “cynical”. If I were truly cynical, I would not have the faith I have in the American worker and his ability to run a vibrant economy, if the leeches and mooches and rabid redistributionists would just get out of the way.

        As for “waiting for those results” we saw them, with higher tax revenues, higher incomes, more people moving up into the middle class, of the middle class moving up into the upper class, and record low unemployment figures.

        What you are really “waiting for” is proof that an always-failed economic policy is, somehow, magically, going to suddenly produce something other than economic misery, and you so desperately need to believe this will happen you are actually pretending that it already has. But the “stimulus” bill enriched only the Ruling Elite, while bankrupting the country, strangling economic development, and dragging the nation into a Leftist bog that you persist in trying to define as a garden.

        History stands as an irrefutable witness to both the successes of the free market system and lower tax rates and the utter and inevitable failures of the redistributionist collectivist political model. And all your shrill name-calling and wall-kicking and wallowing in your inherent nastiness is not going to change that.

      • MontyBurns July 11, 2011 / 7:55 pm

        Settle down there, Amazona. No need to get so hysterical about your inability to operate within reality. The promised results of the Bush tax cuts have failed to materialize. No shocker there–that’s just the legacy of supply-side economics. If you want to continue to pledge allegiance to such a failure, by all means do so, but you’re going to have to learn how to control yourself when those of us who actually care about facts point out said failure, OK? You’re way too old to keep throwing such tempter tantrums.

      • tiredoflibbs July 11, 2011 / 8:33 pm

        Monty (jeffy) fails: “Here’s a rundown of the utter failure of the Bush tax cuts.”

        Uh, your “link” or “facts” did not come through….

        If these “facts” are not from the IRS, where OURS comes from, they are dubious at best. As I said, there have been dozens of links to the IRS PROVING what we claim. What counless liberal useful idiot drones have posted have been spin and outright lies.

        As Timmy the Tax Cheat says, “It sucks to be you.”

        Pathetic jeffy, really pathetic.

      • MontyBurns July 11, 2011 / 11:03 pm

        It’s not my fault you guys took the link out, tired. I do wonder why you did, though. Fear? Embarrassment?

      • tiredoflibbs July 12, 2011 / 6:20 am

        Jeffy whines: “It’s not my fault you guys took the link out, tired. I do wonder why you did, though. Fear? Embarrassment?”

        Uh, I and others (including drones like yourself) post links and have no problem. Maybe you should repeat “Copy and Paste” 101. But you do have whining and regurgitating dumbed down talking points down really well.

        As Timmy the Tax Cheat says, “It sucks to be you.”

        Pathetic jeffy, really pathetic.

      • MontyBurns July 12, 2011 / 11:19 am

        So fear AND embarrassment, then? Of course–how silly of me to think it couldn’t be both.

  4. Cluster July 10, 2011 / 1:58 pm

    Here are some inconvenient facts for liberals:

    – The national debt has grown 60% since Nancy Pelosi and her cadre of far left Democrats took control of Congress and the nation’s budget

    – as part of a procedural vote on the emergency war supplemental bill, House Democrats attached a document that “deemed as passed” a non-existent $1.12 trillion budget. The execution of the “deeming” document allows Democrats to start spending money for Fiscal Year 2011 without the pesky constraints of a budget… The procedural vote passed 215-210 with no Republicans voting in favor and 38 Democrats crossing the aisle to vote against deeming the faux budget resolution passed.

    Never before — since the creation of the Congressional budget process — has the House failed to pass a budget, failed to propose a budget then deemed the non-existent budget as passed as a means to avoid a direct, recorded vote on a budget, but still allow Congress to spend taxpayer money.

    • neocon1 July 10, 2011 / 2:40 pm

      people should be hanging from DC lampposts for TREASON.

  5. retiredspook89 July 10, 2011 / 2:55 pm

    6206j,

    I would expect a liberal slant from “The Economist”, but I wouldn’t expect them to lie through their teeth about the actual numbers. U.S. federal debt hasn’t been 65% of GDP since early in Bush’s 2nd term.

  6. js July 10, 2011 / 6:17 pm

    raising taxes is deflationary…the more they tax…the less that can be spent…the less that can be spent…the less jobs are available…the less jobs are available…the less the government is funded…the less funding the more government borrowing…the more the government borrows the more our currency is deflated…because the fed prints 9-1 ratio…on what the government “owes” it…

  7. js July 10, 2011 / 6:20 pm

    reality screams…we know what has to be done..it might hurt for a while…but the USA will, again, lead the world out of this recession…cut budgets…kill the nanny state entitlements…and correct our immigration issues that bleed jobs for americans…

    if boehner doesnt…the TEA party will…its that simple…you cant pretend you have an unlimited budget…nobody can do that…you go to jail…congress has to correct corse…no option…

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