CBO scores Boehner’s new bill: $22 billion in savings this year, $917 billion over 10 years

posted at 7:32 pm on July 27, 2011 by Allahpundit

A modest improvement, but let’s face it: At this point, no one’s supporting the bill on its merits. If you’re backing it, it’s because it’s the best we can do to avert a default right now and because, if it passes the Senate somehow, it would force The One to choke on his quasi-threat to veto any short-term deal at the last minute. There’s some fun in that, I suppose.

The new bill does, at least, keep his promise to produce savings in an amount greater than or equal to the amount of the debt-ceiling increase, which will be $900 billion if this is enacted. It’s hard to get excited about the difference between $1 billion in savings next year, which the old bill provided, and $22 billion, which the new one ensures, when we’re running multitrillion dollar deficits. But Yuval Levin makes a fair point. The lower we can get CBO’s baseline now, the deeper future Congresses will have to cut to sell their proposals:

These are still very small numbers in the scheme of federal spending, but the greater front-loading actually matters a lot. One reason is that the 2012 and 2013 budgets are the only ones that will actually be under the control of this congress. But even more important is the greater reduction of the baseline itself since, as we’ve witnessed in the past 24 hours, the CBO baseline is the measure of all future cuts—it sets the bar. This debt limit fight has set a precedent that from now on increases in the debt ceiling will need to be accompanied by equivalent cuts in spending, and those cuts will be measured by the CBO baseline, so cutting it by this much in the first two years will really shape the next round of the budget wars, which will come very soon. Front-loaded cuts have a kind of ratchet effect. And the larger cuts to the baseline in the following years (the revised bill’s cuts are larger every year than the original bill’s cuts) matter for the same reason—even if they don’t fully materialize (since one congress can’t bind another), they define the measure of future spending in every round of budget debates, which means that they make all future cuts larger in real terms.

Reid’s bill would produce $30 billion in savings this year, but guess where that comes from. Right: The phantom “savings” from winding down in Iraq and Afghanistan. Which, contra Levin, reminds us that it’s not that hard to beat those CBO baselines with a creative gimmick or two.

As of early evening, another member of the Cut, Cap, and Balance coalition has peeled off to join Allen West in supporting Boehner’s bill. And Darrell Issa, on a conference call with bloggers, thinks they have the votes — sort of. Exit quotation: “I don’t think all the people whose votes we have yet know it.”

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2 3

So, once again, we are negotiating amongst ourselves while the dems sit on the sidelines with now plan and laugh.
Fantastic. Doesn’t do shite.
Pass the rat poison.

HornetSting on July 27, 2011 at 7:35 PM

Right: The phantom “savings” from winding down in Iraq and Afghanistan.

Until we start bombing another country.

Electrongod on July 27, 2011 at 7:35 PM

Sorry, that doesn’t do it.

PaCadle on July 27, 2011 at 7:36 PM

if it passes the Senate somehow

All 53 Democrats have just signed a letter pledging to block it, Reuters reports.

Gee, a weak and sell-out plan that can’t pass is so much better than a strong and necessary plan that won’t pass.

amerpundit on July 27, 2011 at 7:37 PM

Business as usual in Washington. They spend, refuse to get serious about cutting, and we choke on it yet again. Gosh thanks Boehner.

Edouard on July 27, 2011 at 7:37 PM

You have to give Reid some credit (yeah, I know, why?) but he does know how to manipulate those CBO scores.

He’d make a good accountant for the mob.

Yes, good analogy, no?

SteveMG on July 27, 2011 at 7:37 PM

pass it, the ball then is in Reid’s court, let them choke on their rhetoric. (by the way the bill still sucks)

rob verdi on July 27, 2011 at 7:37 PM

We won everything we could, folks.

1. We won our condition that a clean debt-limit vote was off the table.

2. We won our condition that spending cuts had to be proportional to the debt-limit increase.

3. We won our condition that no matter what, new taxes were absolutely not allowed.

It’s time to pack it in and restock for the next fight.

KingGold on July 27, 2011 at 7:39 PM

It appears August 2nd will pass, without a bill in place.

rob verdi on July 27, 2011 at 7:39 PM

Primary Boehner .

Sandybourne on July 27, 2011 at 7:39 PM

All 53 Democrats have just signed a letter pledging to block it, Reuters reports.

Gee, a weak and sell-out plan that can’t pass is so much better than a strong and necessary plan that won’t pass.

amerpundit on July 27, 2011 at 7:37 PM

So, what if Boehner keeps sending plans, with ever increasing cuts, and they keep blocking it. What if he sends 4 per day for 3 days.

Who’s the obstructionists then?

massrighty on July 27, 2011 at 7:40 PM

So we are on course for only $2.2 trillion in deficits next year? Oh, joy! Oh, rapture!

This does not sound like good news at all… and those sorts of out-year spending cuts always seem to come back as the bureaucracy, you know, has to make up for the growth it lacked…

It is the bureaucracy that must go if you want to get spending down.

And they still haven’t done a thing about Obamacare… maybe the bill should have that as a part of it. Easy enough to re-pass it without, but you could save some boatloads just in NOT expanding that building bureaucracy. And Frankendodd, too, come to think of it.

For such great long-range thinkers, they sure do seem to have forgotten the strategy. And the tactics suck, like an electrolux.

ajacksonian on July 27, 2011 at 7:40 PM

Boehner should have stopped at CCB and let the senate discuss and amend.

dirtseller on July 27, 2011 at 7:40 PM

Just pass it.

JellyToast on July 27, 2011 at 7:40 PM

Hellufa way to run a railroad…

golfmann on July 27, 2011 at 7:40 PM

Primary Boehner .

Sandybourne on July 27, 2011 at 7:39 PM

Is that more fun than a secondary Boehner?

massrighty on July 27, 2011 at 7:41 PM

It appears August 2nd will pass, without a bill in place.

rob verdi on July 27, 2011 at 7:39 PM

Time for Michelle to take another European vacation.

Electrongod on July 27, 2011 at 7:41 PM

rob verdi on July 27, 2011 at 7:39 PM

Yes it appears so, but I bet bho goes for his bd bash/vacation/get out of dc/ fund raising event.
L

letget on July 27, 2011 at 7:41 PM

$22 billion, huh? How much will we realize that is after we pass this thing? Like $500 million?

JavelinaBomb on July 27, 2011 at 7:41 PM

So, what if Boehner keeps sending plans, with ever increasing cuts, and they keep blocking it. What if he sends 4 per day for 3 days.

Who’s the obstructionists then?

massrighty on July 27, 2011 at 7:40 PM

Who stopped the Bush Administration from reigning-in Fannie Mae, Freddie Mac, and the subprime industry? Democrats including Barack Obama.

Who benefited from the failure to reign them in, thanks to the media’s narrative? Democrats including Barack Obama.

Who were the obstructionists? By next week, I’m sure it’ll be those Tea Party-loving Republican extremists who were more concerned with passing far-right legislation that doing what’s best for America.

amerpundit on July 27, 2011 at 7:42 PM

Balance the budget.

El_Terrible on July 27, 2011 at 7:43 PM

Why the hell are we throwing more good money at the college tuition scams? Why are we not cutting EPA?

astonerii on July 27, 2011 at 7:43 PM

Yes, good analogy, no?

SteveMG on July 27, 2011 at 7:37 PM

Yes, excellent analogy.

Cindy Munford on July 27, 2011 at 7:43 PM

It does what it needs to do right now. Not shite.

The debt ceiling was always going to be raised. You can hem and haw all you want about it but it was going to happen.

At least the ball gets rolling with this.

We were never going to get what we all really wanted, not controlling one half of one house of government.

catmman on July 27, 2011 at 7:43 PM

$22 billion, huh? How much will we realize that is after we pass this thing? Like $500 million?

JavelinaBomb on July 27, 2011 at 7:41 PM

Less than that. A single unforeseen appropriation bill will wipe away any real savings.

amerpundit on July 27, 2011 at 7:43 PM

LOL!!!

This is a joke, right?

FloatingRock on July 27, 2011 at 7:44 PM

It’s the spending, stupid.

RepubChica on July 27, 2011 at 7:44 PM

It appears August 2nd will pass, without a bill in place.

rob verdi on July 27, 2011 at 7:39 PM

Time for Michelle to take another European vacation.

Electrongod on July 27, 2011 at 7:41 PM

Actually she and Zero are going to Martha’s Vineyard.

Del Dolemonte on July 27, 2011 at 7:44 PM

Here’s an idea to save money in these austere times. Cut ALL federal employees salaries by 10%. And layoff 15% of the workforce. The layoffs can be done without the loss of any efficiency in the government. Until Washington starts to feel the pain the rest of the county is in, they will never be able to come up with a solution.

Tommy_G on July 27, 2011 at 7:45 PM

The public seems to get that the Dems are refusing any cooperation and offering nothing on paper. The fact that they won’t even pass modest cuts does not make Boehner or the GOP look bad.

FTR, I am for the greatest slashing possible, but I don’t get why the dems are doing nothing. Whee is the senate’s actual bill?

clnurnberg on July 27, 2011 at 7:45 PM

It appears August 2nd will pass, without a bill in place.

rob verdi on July 27, 2011 at 7:39 PM

works for me

pedestrian on July 27, 2011 at 7:45 PM

amerpundit on July 27, 2011 at 7:42 PM

You seem to be pressing this “we’ll get blamed for everything” kick. How, then, is it in our advantage to prolong this clusterbluff? If we do nothing, it’s not as if the Senate’s going to move on CCB.

Why is it not in our best interest to clear the table and move on?

KingGold on July 27, 2011 at 7:46 PM

Boehner should have stopped at CCB and let the senate discuss and amend.

dirtseller on July 27, 2011 at 7:40 PM

He did. The Senate tabled it not bringing it up for discussion or amendments.

catmman on July 27, 2011 at 7:46 PM

Here’s an idea to save money in these austere times. Cut ALL federal employees salaries by 10%. And layoff 15% of the workforce. The layoffs can be done without the loss of any efficiency in the government. Until Washington starts to feel the pain the rest of the county is in, they will never be able to come up with a solution.

Tommy_G on July 27, 2011 at 7:45 P

I like it. I also think we need to take the cuts to the heart of the executive branch.

clnurnberg on July 27, 2011 at 7:46 PM

CBO scores Boehner’s new bill: $22 billion in savings this year, $917 billion over 10 years

Yawn, it still does nothing fix the structural problems in the federal budget. They’re just kicking the can down the road.

jasetaro on July 27, 2011 at 7:46 PM

We ought to just give him (them) a 1 trillion dollar ceiling increase – straight up. Then send a bill every week that slashes – really slashes – the budget until they run out of that extra trillion. Put the vote on the budget slashing on auto-pilot – voice vote it just before every recess.

TubbyHubby on July 27, 2011 at 7:46 PM

Until Washington starts to feel the pain the rest of the county is in, they will never be able to come up with a solution.

Tommy_G on July 27, 2011 at 7:45 PM

exactly

pedestrian on July 27, 2011 at 7:46 PM

This is beyond embarrassing.

SouthernGent on July 27, 2011 at 7:46 PM

Why is this so hard? They ramped up the spending full throttle in the past 3 years. Why can’t they just go back to the 2008 budget and start from there? Why is this just so hard?

karenhasfreedom on July 27, 2011 at 7:47 PM

If the last bill was so bad then why didn’t the Democrats accept it?
This is what confuses me. What is a billion in cuts? Nothing, and yet Obama threatened to veto it.
It’s all a circus.

Churchill: “Never was so much owed by so many to so few.”

Me: “Never have so few screwed up so much for so many.”

JellyToast on July 27, 2011 at 7:47 PM

Will SOros clean up if the dollar falls hard?

Somehow I will bet he stands to profit mightily

clnurnberg on July 27, 2011 at 7:48 PM

printer-friendly A modest improvement, but let’s face it: At this point, no one’s supporting the bill on its merits. If you’re backing it, it’s because it’s the best we can do to avert a default right now and because, if it passes the Senate somehow, it would force The One to choke on his quasi-threat to veto any short-term deal at the last minute. There’s some fun in that, I suppose.

Do you think a the fall out from a downgrade will be kinda fun too you?

paulsur on July 27, 2011 at 7:48 PM

This proposal is total crap. They need to vote on it, have it defeated and then (finally) turn to pushing the Cut, Cap and Balance Act. Screw the debt-ceiling caterwauling going on with the Republican leadership.

ehvogel on July 27, 2011 at 7:48 PM

FTR, I am for the greatest slashing possible, but I don’t get why the dems are doing nothing. Whee is the senate’s actual bill?

clnurnberg on July 27, 2011 at 7:45 PM

Harry is waiting for Van Jones at the Apollo Alliance to write it for him.

ajacksonian on July 27, 2011 at 7:49 PM

The Senate Democrats are playing the most dangerous game of chicken right now. Repubs in the House should pass Boehner’s plan. Once passed, as amerpundit points out, Boehner’s plan will reach the same fate as CCB. That being the case, Boehner should hold a press conference on the steps of the Capitol, with all members of the House GOP caucus, and declare that since all Reid can do is say “no“, the House will no longer even consider any bill written by Reid, and that no bill will even be considered unless it first comes by a combination of equal number Republican Senators to Democrat Senators. Beyond that tell Reid that it’s either one of the three GOP plans, or default. It’s Reid’s choice. At that same Press conference announce that the House is looking into the merits of impeachment should Obama attempt to raise the debt ceiling without Congressional approval.

Weight of Glory on July 27, 2011 at 7:49 PM

Don’t give them anything Mr. Boehner, make them deal with CCB.

Cindy Munford on July 27, 2011 at 7:49 PM

Why is this so hard? They ramped up the spending full throttle in the past 3 years. Why can’t they just go back to the 2008 budget and start from there? Why is this just so hard?

karenhasfreedom on July 27, 2011 at 7:47 PM

It’s not. The dems have a malignant agenda. YOu’ll let us wipe you out with a blank check and high taxes or we’ll wipe you out with a default and inflation

clnurnberg on July 27, 2011 at 7:49 PM

Boner absolutely needs to be primaried.

paulsur on July 27, 2011 at 7:49 PM

All 53 Democrats have just signed a letter pledging to block it, Reuters reports.

amerpundit on July 27, 2011 at 7:37 PM

Gee… I guess someone forgot to distribute the memo that the world will end on August 2nd if they fail to raise the debt limit. Because, for sure, the party that is controlling 2 of the three parts of Govt. sure as hell don’t care!

This is a monumental mistake, an unforced error, on Boehner’s part.

CCB was a lot easier to sell to the American public than the crappy plan he is advocating.

Now Obama and Reid get to say: “We were offering them bigger cuts than they were even proposing…” and we get to say NOTHING!

TheRightMan on July 27, 2011 at 7:49 PM

Boehner should have stopped at CCB and let the senate discuss and amend.

dirtseller on July 27, 2011 at 7:40 PM

I’m just not sure why, at this point, the House doesn’t just tell the Senate that they passed CCB and be done with it. Make the Senate either look at that again or amend it and go to the conference committee.

whbates on July 27, 2011 at 7:50 PM

Actually she and Zero are going to Martha’s Vineyard.

Del Dolemonte on July 27, 2011 at 7:44 PM

Again?
Well at least it’s closer.

Electrongod on July 27, 2011 at 7:50 PM

Look what do you want Boehner to do? They passed CCB and the senate killed it.
He has to have SOMETHING to give to the Senate that can pass or else Reids plan is going to pass and it will look like the DEMS stopped the fall off the cliff.
You want that fucking arrogant obama to get the credit for saving the country and be reelected???
HELL NO!!

Submit CCB to a Republican President. He will sign it.

ArmyAunt on July 27, 2011 at 7:50 PM

Business as usual in Washington. They spend, refuse to get serious about cutting, and we choke on it yet again. Gosh thanks Boehner.

Edouard on July 27, 2011 at 7:37 PM

No, it is not. It is actually about as good a deal as reasonable people could expect.

For such great long-range thinkers, they sure do seem to have forgotten the strategy. And the tactics suck, like an electrolux.

ajacksonian on July 27, 2011 at 7:40 PM

Oh come on. I know that you think that they should be able to cut a couple of hundred billion by the middle of next week, but this is the government..nothing moves that fast.

I have seen so many unreasonable people making unreasonable demands over this issue, it has just amazed me. We only have one chamber of Congress and the clock is ticking. The American people want a deal. And this is a pretty good deal under the circumstances.

I just read this piece by Jennifer Rubin and she makes some good points about this bill. It is worth a read. Hopefully it passes and we can declare victory and move on..or we can just kill it and let everything go to hell in a handbasket and give Obama cover for whatever comes next. That sounds like a bad idea to me.

Terrye on July 27, 2011 at 7:51 PM

All 53 Democrats have just signed a letter pledging to block it, Reuters reports.

Gee, a weak and sell-out plan that can’t pass is so much better than a strong and necessary plan that won’t pass.

amerpundit on July 27, 2011 at 7:37 PM

Democrats are in their death throes. At least they all plan to circle the drain together.

Time for Harry Reid to tell us what his caucus will vote FOR.

rockmom on July 27, 2011 at 7:51 PM

I also forgot conditions 4 and 5.

4. The McConnell travesty is now dead-letter.

5. So’s the Gang of Six proposal.

KingGold on July 27, 2011 at 7:52 PM

Boner absolutely needs to be primaried.

paulsur on July 27, 2011 at 7:49 PM

Why? Because the Senate is controlled by Harry Reid?

rockmom on July 27, 2011 at 7:53 PM

Remember that since the House originates all spending Mr. Boehner could propose an FY budget department by department, office by office, agency by agency. He could then prioritize what needs to have money spent on it in 2012. Then they send up each critical item on its lonesome for an up or down vote at the Senate.

Once the money is committed and each piece is done, then when you reach the intake for the government and have committed it to being spent, you stop writing bills. Whatever doesn’t get funds… ahhh…

But Boehner threw that away earlier this year after proposing it last year. It is the most effective way to curtail government and yet he decided not to do it. He is not serious about stopping the spending.

ajacksonian on July 27, 2011 at 7:53 PM

Why? Because the Senate is controlled by Harry Reid?

rockmom on July 27, 2011 at 7:53 PM

+100

clnurnberg on July 27, 2011 at 7:53 PM

Pass the rat poison.

HornetSting on July 27, 2011 at 7:35 PM

Elections have consequences. Krauthammer is right, we’ve only got one half of one branch. We have to get Reid and Obama out of power.

John the Libertarian on July 27, 2011 at 7:53 PM

I know what Barry Soetoro’s plan is. His goal all along has been to divide the GOP (done!), while telling the democrats to vote everything down. Why? He’s going to raise the ceiling using the 14th Amendment. He’s going to say he had no choice because the GOP was obstructing progress.

SouthernGent on July 27, 2011 at 7:55 PM

I have seen so many unreasonable people making unreasonable demands over this issue, it has just amazed me. We only have one chamber of Congress and the clock is ticking. The American people want a deal. And this is a pretty good deal under the circumstances.

Terrye on July 27, 2011 at 7:51 PM

All this bill will do is cement the resolve of the Tea Party to go after every single person that voted for it. The Tea Party is the main reason we had the gains that we did in 2010. There is absolutely no point in going wobbly now, just for the sake of doing a deal.

ehvogel on July 27, 2011 at 7:56 PM

Time for Harry Reid to tell us what his caucus will vote FOR.

rockmom on July 27, 2011 at 7:51 PM

Harry’s bill?

Cindy Munford on July 27, 2011 at 7:56 PM

Why? Because the Senate is controlled by Harry Reid?

rockmom on July 27, 2011 at 7:53 PM

You’d think people who pay attention to these things would know the difference between the House and Senate.

KingGold on July 27, 2011 at 7:58 PM

Great, now the guaranteed cuts are up to $22 Billion with worthless Democrat promises of more. In exchange for that Boehner is going to hand Obama a $Trillion.

Boehner is a fool, the best thing he can do for America is to retire today and go home!

RJL on July 27, 2011 at 7:58 PM

Reload. Spend your energy cleaning as much old establishment dead wood out of both legislative branches as possible, so we have a reasonably clear shot at debt reduction after 2012.

a capella on July 27, 2011 at 7:59 PM

Of course it’s a bad bill, it doesn’t go nearly far enough. But I kind of look at it like picking up a single or a walk here or there to keep ourselves in the game until we can get our cleanup hitter to the plate. The cleanup hitter being a truly conservative president.

JohnInCA on July 27, 2011 at 7:59 PM

Why do I have the feeling that after this passes the House and is killed in the Senate, Obama will miraculously produce a proposal at the 11th hour?

RedRedRice on July 27, 2011 at 8:00 PM

“Shoot, a fella could have a pretty good weekend in Vegas with 22 billion dollars.”

–Major T.J. Kong

Emperor Norton on July 27, 2011 at 8:00 PM

Its time to win more elections.

Speakup on July 27, 2011 at 8:00 PM

CBO scores Boehner’s new bill: $22 billion in savings this year, $917 billion over 10 years

Admittedly, this is much better than last year when both houses of congress could only find $30 million in cuts.

If Boehner’s cuts are real, and occur this year, then I say lets take the deal. Save the argument material for Nov 2012.

BobMbx on July 27, 2011 at 8:01 PM

What a joke…I’m outta here…no more GOP.

It’s third party time…

PatriotRider on July 27, 2011 at 8:01 PM

This is from Jennifer Rubins article:

•As initially drafted, CBO projected the plan would cut spending by $850 B over the next decade. That is less than was anticipated, so the Speaker is retooling the bill to meet his dollar-of-spending-cuts-for-dollar-of-debt-increase principle. . . .

•These savings come from discretionary spending cuts and a bit from student loans.

•It would create statutory caps on discretionary spending and a sequester to enforce those caps.

•The Secretary of the Treasury would be authorized to increase the debt limit by $900 billion upon enactment.

•It would create a new Joint Select Committee of 12 members of the House and Senate, with three each appointed by Boehner, Pelosi, Reid, and McConnell. The committee’s goal is to reduce the deficit by $1.8 T over the next decade. . . .

•IF seven members of that committee recommend legislation by November 23rd of this year, then that legislation enjoys an expedited “fast track” legislative process in the House and Senate, with votes in both bodies required by December 23rd of this year.

•If that fast track legislation resulting from the new committee is enacted into law and it reduces the deficit by more than $1.6T, the Secretary of the Treasury can raise the debt limit by another $1.6 T.

•The House and Senate would be required to vote on a Balanced Budget Amendment in the fourth quarter of this year . . . .

The cuts are higher now after the plan was retooled, but the rest of the bill is pretty much the same.

Boner absolutely needs to be primaried.

paulsur on July 27, 2011 at 7:49 PM

Why? For doing his job? You know what? The majority of rank and file Republicans want a deal. I doubt if they will primary Boehner for not doing the impossible, they would be more likely to primary someone who did not even attempt to come up with a resolution..or who just moaned and whined and complained but did not actually accomplish anything.

It remains to be seen if this does not pass, but if it fails it won’t just be Boehner who looks bad. Republicans will look, conservatives will look bad and everyone will pay.

Terrye on July 27, 2011 at 8:02 PM

What a joke…I’m outta here…no more GOP.

It’s third party time…

PatriotRider on July 27, 2011 at 8:01 PM

DLTDHYOYWO.

KingGold on July 27, 2011 at 8:02 PM

Why is this so hard? They ramped up the spending full throttle in the past 3 years. Why can’t they just go back to the 2008 budget and start from there? Why is this just so hard?

karenhasfreedom on July 27, 2011 at 7:47 PM

It’s not. The dems have a malignant agenda. YOu’ll let us wipe you out with a blank check and high taxes or we’ll wipe you out with a default and inflation

clnurnberg on July 27, 2011 at 7:49 PM

What would be so wrong with going back to the spending levels of a few year ago?

Were things really that bad?
Punish something, you get less of it.
Reward something, you get more of it.

What I don’t understand is how anyone can think this type of wealth redistribution can work.

Is the Left insane enough to think that this can work?

Chip on July 27, 2011 at 8:03 PM

If Boehner’s cuts are real, and occur this year, then I say lets take the deal. Save the argument material for Nov 2012.

BobMbx on July 27, 2011 at 8:01 PM

How do we prevent downgrade you sell out?

paulsur on July 27, 2011 at 8:03 PM

Terrye on July 27, 2011 at 7:51 PM

The federal government is designed to get smaller very quickly via the system of separate sovereign powers with checks and balances. There are very few critical items mentioned in the Constitution that are mandatory: all else is discretionary.

That is why government has emergency plans for shutting down agencies, because Congress can cut the discretionary stuff quickly. Very quickly. It was designed this way on purpose so as to allow the quick restoration of limited government via the cheacks and balances system. When one part of government over-reaches it can be pulled back. When a prior Congress makes a mistake, the next one can stop items from going forward. There is no ‘forever’ in the discretionary part of the government, nothing written in stone. It is all on a damp clay tablet and those babies get wiped out very quickly.

Can it be painful? Yes.

Messy? Certainly.

That is what happens when government over-reaches and the people start to exert their influence to pull it back into line. We have seen that minor corrections never last, and Obama has rebuilt the welfare state by other means after it was supposed to go forever under Clinton. There is nothing immoderate in seeing that government can quickly be cut off from funds and starved out. How else do you protect the rights and liberties of the people when government attempts to create a tyranny? Do you really want the 2nd Amendment solution? I’m prepared for that one also, being a most civil person and seeing my fellow citizens acting as if the sky is falling when government is about to be starved of DISCRETIONARY FUNDS. It is immoderate to want to KEEP FUNDING all of that at this point.

What part of ‘Stop the Spending’ was not clear in 2010?

ajacksonian on July 27, 2011 at 8:03 PM

What a joke…I’m outta here…no more GOP.

It’s third party time…

PatriotRider on July 27, 2011 at 8:01 PM
DLTDHYOYWO.

KingGold on July 27, 2011 at 8:02 PM

BOFTHP

paulsur on July 27, 2011 at 8:05 PM

HornetSting on July 27, 2011 at 7:35 PM

You may find this as interesting as I did. I found this from doing some follow up from a link on this thread here:

Spathi on July 26, 2011 at 11:07 PM

http://hotair.com/archives/2011/07/26/pawlenty-comes-out-against-boehners-plan-romney-not-so-sure/
Follow up below:

http://www.redstate.com/wosg/2011/07/07/rep-carter-return-to-regular-order-to-handle-the-debt/

I was always wondering why Speaker Boehner was negotiating with the President.

bluefox on July 27, 2011 at 8:06 PM

Hey, our dose of fiscal arsenic just got reduced from “rapid death” to “slightly less rapid death.” Best we can do. Declare victory and drink up, boys.

Thank you, Mr. Speaker!

OhioCoastie on July 27, 2011 at 8:07 PM

Why? Because the Senate is controlled by Harry Reid?

rockmom on July 27, 2011 at 7:53 PM

No, because when you have a royal flush, you do not fold your cards.

Debt limit is a royal flush. No increase, and government expenses become balanced by default.

Obama, the person in charge of executing the law of the land is responsible for paying the bills with the money he has. This will force him to pick and chose what is important and what is not important. Something this nation needs to learn.

If the Democrats do not want to take that risk, then they will eventually be forced to accept the CCB bill.

Sorry, but they have the only winning hand, and only they can throw it all away.

astonerii on July 27, 2011 at 8:07 PM

Boehner and the GOP leadership should be made to take ownership of this mess. They blew it, period!

Instead of going on the offensive after passing CCB, they folded and wasted time on this useless proposal that does nothing to fix the DEBT, which is the problem – and NOT the DEBT LIMIT!

They could have spent last week and this week running ads and putting pressure on Reid to “untable” CCB – but oh no! They had to compromise or risk being called bad names by the media.

TheRightMan on July 27, 2011 at 8:07 PM

Hollywood. This is all show. All of it.
It’s all bs.
Wake up, America.
Stop with the right/left drama. Recognize that neither the right nor the left give a flip about America.

bridgetown on July 27, 2011 at 8:07 PM

The way the Clowns in Washington do Budgets is ridiculous. They need ti fix the so called “Baseline” they use. The way they “budget” is worse than the way ENRON used to do it!

gullxn on July 27, 2011 at 8:08 PM

I know what Barry Soetoro’s plan is. His goal all along has been to divide the GOP (done!), while telling the democrats to vote everything down. Why? He’s going to raise the ceiling using the 14th Amendment. He’s going to say he had no choice because the GOP was obstructing progress.

SouthernGent on July 27, 2011 at 7:55 PM

That’s a possibility. But he’ll own everything then. Somehow I don’t think he’s dumb enough to do that.

But I’ve said that before.

SlaveDog on July 27, 2011 at 8:08 PM

Let it burn.

Aquateen Hungerforce on July 27, 2011 at 8:09 PM

What a joke…I’m outta here…no more GOP.

It’s third party time…

PatriotRider on July 27, 2011 at 8:01 PM

Join me, vote Obama! Well, unless we actually get someone like Palin, Bachmann or maybe even Perry. Without that level of conservatism, I am voting for the sure thing. The end of America as we know while I am still healthy enough to help fix it.

astonerii on July 27, 2011 at 8:09 PM

The House Republicans aren’t really going to vote for this nonsense, are they? This is a movie, right, and at the last minute either Jefferson Smith or Batman will burst through the doors to stop this in its tracks, right?

Canada used to have a venerable old RINO-like party called the Progressive Conservative party. After Canada’s Federal elections of 1993, they went from controlling Parliament with 169 seats, to 2 seats. Then they became extinct. They were replaced by the conservative Reform party, now known as the Conservative Party of Canada–which has a majority in Parliament. The Reform Party was fiscally and socially conservative.

You ever hear of Canada, Boehner? You might think about moving there.

Emperor Norton on July 27, 2011 at 8:10 PM

How do we prevent downgrade you sell out?

paulsur on July 27, 2011 at 8:03 PM

Credit ratings are arbitrary. If they were based on “concrete” metrics, the US would have been placed into receivership many years ago. The credit rating of the US has been held artificially high by companies who depend on the flow of money to stay in business.

The debt holders of the US continue to repurchase the debt they own as it matures for one reason: Their economy is locked to the US economy. If they stop buying debt, they fall. How can they justify the continued investing in US debt?

Credit ratings. Who cares? Show me “Credit rating” anywhere in the Constitution or in the US Code.

BobMbx on July 27, 2011 at 8:10 PM

We “hobbits” think this is like spittin’ in the ocean.

ncborn on July 27, 2011 at 8:11 PM

Elections have consequences. Krauthammer is right, we’ve only got one half of one branch. We have to get Reid and Obama out of power.

John the Libertarian on July 27, 2011 at 7:53 PM

Yes, but with our power we win the spending battle by doing nothing! Obama and the Democrats must come to us, hat in hand, asking us to raise the debt limit. Politics is power, the Democrats play to win and they play for keeps, why can’t Republicans finally do the same?

The new establishment Republican argument is to get the White House and Senate, THEN they’ll be able to do something. The first couple years of the Bush administration Republicans controlled all three and they certainly “helped themselves” but did little for America.

If by some miracle they win the White House and Senate, they’ll still be impotent by the Senate filibuster unless they have about 75 Senate seats to offset the Maine spinsters, Scott Brown and a few others. Since they’ll never win 75 Senate seats it’s clear that they’ll never be able to do a damn thing for America.

Republicans are largely useless to Conservative Americans!

RJL on July 27, 2011 at 8:11 PM

Emperor Norton on July 27, 2011 at 8:00 PM

Still waiting to use the line:

‘Well, I’ve been to one Worlds Fair, a picnic, and a rodeo, and that’s the stupidest thing I ever heard come over a set of earphones.’

Chip on July 27, 2011 at 8:11 PM

What a joke…I’m outta here…no more GOP.

It’s third party time…

PatriotRider on July 27, 2011 at 8:01 PM

Don’t let the door hit ya where the good Lord split ya.

BTW, where is the Libertarian Party plan?

catmman on July 27, 2011 at 8:12 PM

Honestly…..boner is all 3 stooges rolled into one Establishment republican Hack.

woowooowooowooo

Tim_CA on July 27, 2011 at 8:12 PM

If Congress really wanted to reduce our deficit they would raise some revenue by:

1)LOWERING U.S. Corporate Tax rates and

2)offering a “Repatriation Holiday” that would allow American companies who are keeping money in foreign countries to bring the money back into the United States at a lower tax rate.

Microsoft’s announcement today shows the tip of the iceberg of the amount of tax revenue we are losing by keeping our corporate tax rate too high.

But Microsoft is straightforward about the core reason for its lower tax bill: It is increasingly channeling earnings from sales to customers throughout the world through the low-tax havens of Ireland, Puerto Rico and Singapore.

Microsoft’s pre-tax profits booked overseas nearly tripled over the past six years, to $19.2 billion in the fiscal year that just ended, from $6.8 billion in the year ended in June 2006, according to company filings. By contrast, its U.S. earnings have dropped, to $8.9 billion from $11.4 billion in the same period. Foreign earnings now make up 68 percent of overall income.

The change is fueling its shrinking tax bills. According to its 2010 annual report, by keeping a good chunk of foreign earnings away from the U.S., Microsoft has accumulated $29.5 billion overseas — and that is before the impact of its last financial year.

Nearly $1.2 trillion of accumulated U.S. corporate profits, are now held in overseas subsidiaries.
http://www.reuters.com/article/2011/07/27/us-microsoft-tax-idUSTRE76Q6OB20110727

wren on July 27, 2011 at 8:13 PM

Any promise to cut spending beyond this Congress’ term is meaningless because the next Congress is not bound by anything that this Congress does.

When I called the Speaker’s office this morning to express my objection to the budget deal I said that there was plenty of tax revenue to pay all of the current obligations. While I was in the middle of stating my next point, the person who answer my call said ‘I’ll pass your concern to the Speaker’ and hung up. They don’t want to hear anything from people who don’t like the budget deal.

scrubjay on July 27, 2011 at 8:16 PM

How do we prevent downgrade you sell out?

paulsur on July 27, 2011 at 8:03 PM

Seriously, quit with all the sellout and squish stuff. Most people here are pretty conservative, we just might disagree with the best tactics to use on this one.

I see it boiling down to two arguments: Make the stand right now and fight this battle by doing the right thing on spending now and hoping we win the battle of public opinion.

Or, keep our powder dry, take a minor victory and make Obama own this economy and hope to be in good position to beat him in 2012.

Both strategies have their merits, but some of us don’t agree that this is the big fight. We all agree, though, that beating Obama in 2012 is absolutely the most important thing if we want to fix this country.

I want Obama out so we can make massive spending cuts, cut taxes, reform entitlements, appoint conservative supreme court justices, defund NPR/PBS and planned parenthood, etc. Those things are very important to me and can only be done with a republican president. How in the world does that make me a sellout or squish?

JohnInCA on July 27, 2011 at 8:16 PM

Letting the debt limit ride is the perfect way to start pulling back government.

And Obama, Mr. Present President, is the perfect man to have to decide what to fund and what not to fund.

He will whine. He will moan. He will complain. He will blame others.

His signature will be on each and every order for what stays open, what gets cut back and what gets shut down.

The irony is delicious, and people want to throw that away? A Progressive President forced to cut back government?

If only Nixon could go to China, then only Obama can start the cutting back of government.

Let us have this particular ‘crisis’ continue.

Obama will have a mental breakdown as he will be forced to make real decisions, explain them and put his name to them for the first time in his entire life.

The Nation will not go into default, will not go broke, and the government will be severely cut back but still function. Perhaps with President Biden at the helm for a bit… SloJo would be ok on that, its just signing and smiling and saying ‘what?’ and get the job done in a limping fashion.

ajacksonian on July 27, 2011 at 8:17 PM

$22 billion?? What’s that, 5 days of borrowing??? WOW. I can see the recovery from my front porch.

RADIOONE on July 27, 2011 at 8:18 PM

KingGold on July 27, 2011 at 7:52 PM

The Republicans need to ensure that the ceiling does not get raised enough to last more than 6 months.

GaltBlvnAtty on July 27, 2011 at 8:18 PM

Comment pages: 1 2 3