E-mail updates
Follow on Twitter
Subscribe to RSS“The bipartisan proposal from the so-called Gang of Six senators to reduce deficits by nearly $4 trillion over the coming decade — and its warm reception from 43 other senators of both parties — renewed hopes for a deal days after talks between Mr. Obama and Congressional leaders had reached an impasse,” the New York Times says.
“But while its sponsorship by staunch conservatives as well as liberals suggested enough flexibility within both parties to get a deal eventually, it would be all but impossible to turn it into detailed legislation — at the moment it is a four-page outline — and pass it in less than two weeks. Both parties were considering ways to use the proposal as the basis for a broader budget agreement if they can find a way to get past the immediate pressure to increase the debt limit.”
The Washington Post adds, “As many policymakers were turning their attention to the new [Gang of Six] strategy, the Republican-controlled House forged ahead Tuesday with another approach to the debt crisis, voting to sharply cut spending and tie an increase in the debt limit to the eventual adoption of a balanced-budget amendment. The measure is unlikely to pass the Senate, and Obama has promised to veto the bill if it does.”
Leave a Comment:
The deal making going on in Washington will not get done before the DebtCeiing deadline. Again, crisis lawmaking gets crazy today. Here in MN it took nineteen days and a round the clock special session to have the budget bills ready for Governor Dayton to sign. Hopefully this will happen today.
The Ggang of 6 Plan contains Social Security Cuts!!!!!!!!!!!!!!!!!!!!! The President has said since in office all we have to do is "Raise the Social Security Cap and Social Security could be fixed Immediately" So why is the President now willing to throw Regular Americans who paid for these benefits Under the Bus?
When the President agreed to the last budget and gave the Richest Americans an Extension of the Tax Cuts which amounted to Trillions of dollars that money came on the backs of Regular Americans.
Now the President is willing to ask Regular Americans again, per Sen. Sanders, last night this plan severly cuts Social Security as we get Older each year, the older you get the less Social Security you get.
The AARP, please readd your magazines even the last issue says Social Security is not a Debt Problem and should not be part of the Debt Negotiations, raise the cap, problem solved.
Not one news organization has re-played the President constantly stating that SOcial Security is not an issue and that he could solve any issue dealing with Social Security Immediately. Are we not to take the President at his word, is it no longer good?
The Rich are not being asked to Pay any revenue in this Gang of 6 Plan, per Sen. Saunders, rather they may close a few tax loopholes.
Republicans keep telling us the Rich are "Job Creators" yet the Republicans Ran on Jobs and have not produced one job since taking over the House. The Republicans Priorities have been and continue to be "Abortion, Job Killing Benefits for State Workers, those firemen, police officers those who put their lives on the line for us and our families, our teachers hacking away at their tiny salaries and benefits, those who teach or children, Killing Unions and Budget Cuts that have "Significantly Reduced Jobs"
It seems Americans have finally awaken and realize that their families lives and livlihoods are at Rish with the Republican Agenda and that if you are not Rich you will be treated as a 3rd World Citizen America will not longer be the Super Power!
How many times will the President continue to come back to the Middle CLass, the disabled the Elderly, the poor and ask them to give more, work longer to get Social Security, reports indicate that he's agreeable to increasing the Social Security Age to 67, how many live that long after paying into Social Security for 5--60 Years such a change ensures that these folks are paying and have been paying for a benefit that they will never get
Doesn't the President understand that any changes to Social Security and Medicare comes at the cost of lives to Regular Americans. These folk are not sitting behind Desk in Congress, doing nothing, running to the cameras, causing grief for the country, these folk work with their hands, feet, minds, hard labor some and the toll on their bodies, does not allow for a long life. Congress cannot have considered the "Mortality Rate" for the average American when planning to continue to increase the Social Security Eligibility beyond it's current age.
If the Rich and corporations will not be required to Pay their fair share and these minority Republicans are holding us Hostage at every turn and the other side continues to Cave why should we even bother to Show up at the Polls, give our money to the Opposition Party, when they refuse to fight for us. Since the Republicans are winning as a minority party, Regular Americans might as well just stay home, stop giving money to the Dems because nothing we do is making a change in Washington.
We are waiting for the Dems to Stand Up and stop supporting these Budget changes that continue to come on the backs of Regular Americans, the Elderly, the Disabled, and the Poor?
Will the Real Democrats please Stand UP?
raise taxes on the top 2%, and win re-election!
cut entitlements and lose!
Just to clarify, social security is technically not the problem, EXCEPT that the government (Dems and GOPs) have already borrowed against it. What our elected officials are literally saying is that they have no intention of paying that money back, either by steep cuts in the defense budget, raising taxes on the affluent, or raising the FICA cap to the same effective level as put in place by Pres. Reagan in '83. If your pension administrator did this, they'd be sent to prison. In a very real sense this is reverse redistribution.
would love to know if this is legitimate. has anyone made any phone calls?
http://tekgnosis.typepad.com/tekgnosis/2011/07/usa-debt-ceiling-issues-can-be-resolved-now-usd-11-trillion-payout.html
I personally will consider any deal made illegal if not treasonous if it does not include closing of tax all loopholes for Big business and the rich and a fair tax for all not just those that can afford a lobbyist, hefty pay cuts for our capitol hill boys and girls as well as said boys and girls paying for their own health care and retirement just as most of us must. If we must tighten our belts yet again then so should you. I just spent the last hour e mailing all of my reps and the white house and telling them so. So should all of you. Either we speak up and be heard or keep silent and be herded. Choose!