Deal watch: Yes or no? Update: Deal; Update: Boehner releases details; Update: Obama video added

posted at 8:28 pm on July 31, 2011 by Allahpundit

In lieu of the Quotes of the Day, a thread to carry us overnight and collect any late-moving debt-ceiling shenanigans. Boehner’s holding a conference call with the GOP caucus at 8:30 p.m. to talk about the deal, but Republicans aren’t the key obstacle right now:

Democrats in the House of Representatives might decide not to support a last-minute deal to raise the debt ceiling when they meet on Monday, House Democratic Leader Nancy Pelosi said on Sunday.

“We all may not be able to support it, or none us may be able to support it,” Pelosi told reporters.

A Republican aide tells NRO that if the final agreement on defense cuts looks ugly, Boehner could lose another 40 to 50 Republican votes on top of the 22 who voted against his bill Friday. That’s not bad: All they’d need are 40 to 50 Democrats out of a caucus of 193 to make up the difference, but the left’s lather over this deal is getting foamier by the hour. What’s it going to be like by tomorrow morning, when Pelosi meets with the caucus, when liberals like Emanuel Cleaver are already calling it a, er, “sugar-coated Satan sandwich”?

And yet, and yet, as I write this, Boehner’s still holding out:

Two congressional aides said Boehner is holding out to reduce roughly $350 billion in cuts to defense spending that would be part of an initial $900 billion in deficit cuts tied to a debt ceiling increase of a similar amount. Boehner also is refusing to agree to an even split between cuts to defense and other spending that would be triggered if Congress failed to enact a deficit reduction plan produced by a special congressional committee or doesn’t pass a balanced budget amendment, the aides said. Senate Minority Leader Mitch McConnell, R-Ky., has left negotiations on defense spending to Boehner, staffers in both parties said. A Democratic congressional aide said McConnell had also signed off on the deal. McConnell spokesman Don Stewart would not confirm the senator had agreed.

If he and McConnell join Reid in signing off on the deal tonight, the full weight of approving the deal will fall on Pelosi and the House Democrats tomorrow. That would leave liberals doubly screwed, not only stuck with a deal they hate but in danger of destroying the left’s relentless messaging that Republicans are the obstructionists here. For six months we’ve been told that those crazy wingnuts are willing to hit the debt ceiling and throw America into economic chaos to make their point; if Pelosi walks away 24 hours before the ceiling deadline after all three other congressional leaders have blessed the deal, that’ll blow up right in her face. I’m amazed, frankly, that Reid publicly approved the deal before she had a chance to talk to House Democrats. All that does is weaken her leverage in holding out and hand the GOP a talking point about how radical House liberals are even by the standards of Harry Reid. But maybe that was Reid’s point: By offering his approval early, he’s maximizing the odds that House Democrats will cave and that this thing really will pass.

But wait, you say. Isn’t Senate action tomorrow subject to unanimous consent to move ahead on a vote without debate? Won’t DeMint or Mike Lee object and slow things down, which will shift some deadline pressure back to the GOP? Actually, probably not: Both of them said today that they’re not going to delay this thing for the sake of delaying it, which keeps the ball squarely in Pelosi’s court. That’s going to be sooooome caucus meeting tomorrow. While we wait for news, here’s Krauthammer on tonight’s very special Special Report insisting that this is a laudable first step by tea partiers towards rolling back ruinous spending. Do any tea partiers actually agree with him? (Maybe a few.) Stand by for updates and click the image to watch.

Update: Just announced: Obama will speak in the White House briefing room at 8:40, which can only mean he’s signed off on the deal. And if that’s true, then Pelosi’s already signed off too. The leadership’s bringing intense pressure on the Democratic caucus to play ball tomorrow by going public tonight.

Update: Reid’s on the Senate floor right now hailing “bipartisan compromise.”

Update: JPod puts it bluntly for House Democrats.

Update: Obama in a nutshell: We have a deal, I would have preferred a “grand bargain,” but it’s a move in the right direction and, hey, at least this thing is over. Video forthcoming.

Update: Here’s the PowerPoint about the agreement that Boehner’s going to roll out at the next Republican caucus meeting. The deal is just what we thought it would be this morning, but note how Boehner’s framing it explicitly as a version of Cut, Cap, and Balance. The key detail on across-the-board cuts, which will go into effect if Congress ends up rejecting the Super Commission’s recommendations:

Total reductions would be equally split between defense and non-defense programs. Across-the-board cuts would also apply to Medicare. Other programs, including Social Security, Medicaid, veterans, and civil & military pay, would be exempt.

So they settled on a 50/50 split after all between defense cuts and other discretionary spending. That was Reid’s price in exchange for dropping tax hikes as an automatic trigger.

Update: John McCormack has excerpts from Boehner’s conference call with House Republicans. “There’s no agreement until we’ve talked to you.”

Update: If you’re worried about the Super Commission coming back to Congress with a package of tax hikes, read James Pethokoukis’s post about baseline budgeting. Because CBO is forced to assume that the Bush tax cuts will expire next year, the Commission can only hit its goal in savings by raising taxes above and beyond the additional $3.5 trillion in revenue that CBO already expects from that expiration. Ain’t going to happen.

Update: Here’s Obama.

Update: The Senate vote shouldn’t be a problem but could be a bit narrower than expected too:

However, less than an hour later during a procedural vote, a group of 15 Senate Democrats crowded around one of their leaders, Sen. Charles E. Schumer (D-N.Y.), demanding to know why the framework did not include any increased revenue through tax hikes on the wealthy or the closing of corporate loopholes. The group included the Democratic caucus’s most outspoken liberals, such as Sens. Tom Harkin (Iowa), Barbara Mikulski (Md.) and Al Franken (Minn.)

Afterward, Sen. Carl Levin (Mich.), who was part of the huddle, said the group had “mixed” feelings toward the possible deal. “It’s not balanced, it doesn’t have revenues,” he said, disappointed that President Obama’s prior demand for “balance” was not assured. “There are a lot of people who are really withholding judgment.”

I’m curious to see what vulnerable red-state Democrats like Tester, McCaskill, and Nelson do.

Update: “Overwhelming support for Boehner on conf. call.” Supposedly, Paul Ryan told the caucus that this deal is better than the bill passed on Friday.

Update: Aha, here’s why Boehner finally signed off on the 50/50 split involving defense cuts:

Compromise on defense was to include foreign aid, Homeland Sec., etc. in “security” category of cuts so they didn’t fall so heavily on DOD

Update: Here’s Cleaver, summing up the liberal reaction. Click the image to watch.

Update: Timothy Carney reminds the left that when you elect a guy whose main goal is his own reelection, don’t be surprised when the deals he strikes reflect that priority.

In this light, consider Obama’s willingness in April to compromise on taxes and most spending, but to stand firm on Planned Parenthood subsidies. It looks like liberal principles took a back seat to 2012 fundraising.

And this debt deal is similarly Machiavellian: Substance was subjugated to political framing. Republicans had their demands: no tax increases, yes spending cuts. Democrats’ demands had a different tone.

First, Democrats wanted to ensure this was the last debt-limit increase before the 2012 elections. Raising the debt limit, as Sen. Obama said in 2006, is “a sign of leadership failure” and politically unpopular.

Second, they wanted to ensure that the right issues would be debated in the election year. A high-stakes debate over a balanced budget amendment — as required by the bill the House passed on Friday — would make it clear that Democrats, unlike most Americans, do not want a balanced budget…

Democrats’ willingness to compromise doesn’t reflect superior maturity to the more rigid Republicans. Quite the contrary: It reflects caring less about policy than about politics.

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So, the ‘new normal’ for legislation is political theater until the last second when a bill is voted for that we, the public never had a chance to consider??

There is a word for that…..

…..Tyranny??

.

cntrlfrk on July 31, 2011 at 9:36 PM

The only major Canadian border towns on rivers are the Sault, Sarnia, Windsor, Niagara Falls and Cornwall.

YYZ on July 31, 2011 at 9:15 PM

Just reviewed an old post from Canapfor from 1st of July 2010 and he said that the family went to the St. Mary’s river to watch the fireworks.
Sault Ste. Marie I believe.

Electrongod on July 31, 2011 at 9:37 PM

Allen West is on board and that tells me it is good for us.

VegasRick on July 31, 2011 at 9:19 PM

Yes that’s what happens when you trust men and not principles.

fossten on July 31, 2011 at 9:37 PM

Is that free?

yes. Only drawback is it”s Chinese, but so are all the guts in an Ipad..

I really don’t know who does the coding for the others, just have liked Maxthon for years now.

golfmann on July 31, 2011 at 9:38 PM

Juan Williams confirms to Sean H. that the libs are angry over the deal. Awwww….

Philly on July 31, 2011 at 9:39 PM

Good point, I’ll email hawk and ask him to give his contact address a try.

Cindy Munford on July 31, 2011 at 9:33 PM

God Bless you darlin’

OmahaConservative on July 31, 2011 at 9:39 PM

Juan just said Obama avoided a depression with the stimulus. LOL.

Philly on July 31, 2011 at 9:40 PM

canopfor may have several email addys, I know I do…

OmahaConservative on July 31, 2011 at 9:40 PM

All you Tea Party wacko crazies need to realize that this is the best Boehner could do. We need to realize that this was a fight we could not win because we didn’t have Mike Castle in the Senate.
fossten on July 31, 2011 at 9:09

Oh really! I don’t think so! Check this out!

http://www.youtube.com/watch?v=x4ljZea6YSE&feature=share

MCGIRV on July 31, 2011 at 9:41 PM

Canop has been an honorary Texan since 06 or 07. Anyone who finds him gets to dunk Jerry Jones on the house.

Limerick on July 31, 2011 at 9:42 PM

He is much loved and respected in these quarters.

OmahaConservative on July 31, 2011 at 9:07 PM

Damn right.

Patrick S on July 31, 2011 at 9:45 PM

I think fossten is giving Bishop a run for his money tonight.

Cindy Munford on July 31, 2011 at 9:46 PM

Weight of Glory on July 31, 2011 at 9:07 PM

I agree. Having the majority in the House should not mean that we compromise with the opposition. I don’t think that is what the American people were celebrating after the 11/2010 election, i.e.,”now we can make a deal”

This “deal” is bad and you are correct, tax increases are coming.

I haven’t read the Boehner’s pdf points that someone posted, but intend to.

I have several political sites I read and am busy doing that.

Some of the Democratic blogs are very interesting and their take reveals what the Conservative blogs cannot. Oh, they are against this W.H., et al also but have insight into how the Dems think and work.

bluefox on July 31, 2011 at 9:46 PM

This deal doesn’t raise taxes. It only tells the Super Commission that they have to work from the assumption that the Bush tax cuts will expire.

Mark1971 on July 31, 2011 at 9:16 PM

Thanks, Mark1971. I knew there had to be more to it than what I was assuming. If what you say is accurate, then it does make it a little better.

Weight of Glory on July 31, 2011 at 9:48 PM

We need to change this “baseline funding/budgeting” self-fullfilling prophecy of ever-increasing spending. Under this rotten system Obama wants to “balance” tax increases with reductions in the future rate of spending growth.

GaltBlvnAtty on July 31, 2011 at 9:48 PM

Cindy Munford on July 31, 2011 at 9:46 PM

But Bish just got faster internet tonight…
;)

OmahaConservative on July 31, 2011 at 9:49 PM

liberals like Emanuel Cleaver are already calling it a, er, “sugar-coated Satan sandwich”?

FLOTUS votes no on sugar. Don’t know how she feels about Satan.

disa on July 31, 2011 at 9:49 PM

Asian markets are up. That’s promising. Hope it lasts.

Philly on July 31, 2011 at 9:50 PM

This may be a tactic by the Dems in the House to throw Boehner off. When have you ever heard of the Dems going against Pelosi? I never have. Just my opinion.

bluefox on July 31, 2011 at 9:36 PM

I haven’t been following the dog and pony show so am not sure, but based on you comment I would think one potential reason House Dems might not go along is to force Boehner to force a bunch of conservatives to vote for the bill instead of dems. Let the Republican Party destroy itself instead of House Dems.

The Democrats pwn Boehner and the Republicans.

FloatingRock on July 31, 2011 at 9:51 PM

The details are still to murky to call it one way or another if it’s a good deal or not. Who’s on the committee and did the Bush tax rates get chopped? At least the dear leader didn’t grab all the credit so it must not be too bad.

Kissmygrits on July 31, 2011 at 9:51 PM

The GOP will betray you

True_King on July 31, 2011 at 9:51 PM

FLOTUS votes no on sugar. Don’t know how she feels about Satan.

disa on July 31, 2011 at 9:49 PM

She didn’t seem to mind sitting in the pew and listening to his minion God Damn America for twenty+ years…

OmahaConservative on July 31, 2011 at 9:52 PM

Well the RINOs beat the Tea Party but to say they beat the Demon-Rats is like saying the Titanic dealt a knockout blow to the iceberg. There will be no significant spending cuts coming out of this deal-only a significant raising of the debt ceiling and hence “another day older and deeper in debt I owe my soul to the Washington (and Chinese) Store.”

All weekend I could smell the stench of RINO poop and it smells like defeat.

MaiDee on July 31, 2011 at 9:52 PM

By the way, future markets?
ZOOOOOOOOM!!!

Weight of Glory on July 31, 2011 at 9:52 PM

When have you ever heard of the Dems going against Pelosi?

My impression is that Nan has lost her mojo. Am I wrong?

disa on July 31, 2011 at 9:53 PM

I think fossten is giving Bishop a run for his money tonight.

Cindy Munford on July 31, 2011 at 9:46 PM

My boat is so full it’s starting to sink.

fossten on July 31, 2011 at 9:53 PM

I think fossten is giving Bishop a run for his money tonight.
Cindy Munford on July 31, 2011 at 9:46 PM

I was born on a bass boat, the doctor was wearing a fishing hat, and when I took my first breath the word “Walleye” came out of my mouth.

Bishop on July 31, 2011 at 9:53 PM

Again, all because of the vitriol I read on a reality tv website mostly visited by hard core lefties. They actually are beginning to hate this guy.

karenhasfreedom on July 31, 2011 at 9:16 PM

I’m seeing the same thing in the liberal college town in my backyard. These people are grim. And pissed. It is not at all pretty. I am eating it up!!!

piglet on July 31, 2011 at 9:53 PM

Kissmygrits on July 31, 2011 at 9:51 PM

The Bush rates are gone 1/1/12 and the Dems a Bury can proudly say that they did not raise taxes 1 single dime.

darwin-t on July 31, 2011 at 9:54 PM

The only way this would be better than the last House bill was if it cut more spending this year.

mockmook on July 31, 2011 at 9:54 PM

Boehner really did a good job on this stuff. He got the dollar for dollar cuts with no tax increases. And he put the economy back on the shoulders of Obama and the Democrats…

It ain’t perfect, but it is still pretty good…Right Direction…

RedSoxNation on July 31, 2011 at 9:55 PM

Just looked at Boehner’s Power Points.
Yes, this “deal” is a victory for Republican fiscal conservatives, under the circumstances, but it is still bad news for the country. The coming recession is still as real today as it was yesterday. A reduction in spending still adds trillions to the debt and deficit. As Stuart Varney just said, “We’re still on the road to Greece.”
Any Republican politician or strategist who tries to trumpet something like “Mission Accomplished” should be shunned. Onward to 2012.

Randy

williars on July 31, 2011 at 9:56 PM

The GOP will betray you

True_King on July 31, 2011 at 9:51 PM

Gee. That’s the first time I’ve heard that! You new here?

predator on July 31, 2011 at 9:56 PM

She didn’t seem to mind sitting in the pew and listening to his minion God Damn America for twenty+ years…

OmahaConservative on July 31, 2011 at 9:52 PM

OK, one sugar-free Satan sandwich with a side of fries to go. Don’t forget the shake.

disa on July 31, 2011 at 9:56 PM

Oh, the downgrade is going to be so painful. Flight to quality will be immediate. I expect German bunds will do very well.

andy85719 on July 31, 2011 at 9:56 PM

When the USPS and Amtrak go the way of Desoto and Enron I’ll take notice. Until then call me up out of the foxhole after the rest of the boys have crested the hill.

Limerick on July 31, 2011 at 9:57 PM

Wait until the markets find out nothing has passed. It ain’t over till the fat lady sings or Red lights his cigar.

derft on July 31, 2011 at 9:57 PM

My boat is so full it’s starting to sink.

fossten on July 31, 2011 at 9:53 PM

I thought that you put your pole down so you could cover your head because the damned things were jumping in the boat on their own.

darwin-t on July 31, 2011 at 9:57 PM

FLOTUS votes no on sugar. Don’t know how she feels about Satan.
disa on July 31, 2011 at 9:49 PM

Her Father In Law. They get a long pretty well.

LegendHasIt on July 31, 2011 at 9:58 PM

The GOP will betray you

True_King on July 31, 2011 at 9:51 PM

And the Dems will bankrupt you….and your kids.

Electrongod on July 31, 2011 at 9:58 PM

Kissmygrits on July 31, 2011 at 9:51 PM

The Bush rates are gone 1/1/12 and the Dems a Bury can proudly say that they did not raise taxes 1 single dime.

darwin-t on July 31, 2011 at 9:54 PM

But what’s insane is that if the GOP agrees to let those cuts expire, Obama is willing to give up huge concessions in entitlement reform that will fracture the left wing of his party. Instead, the cuts will expire on their own, and the GOP will get nothing out of it.

A big opportunity missed for significant entitlement reform.

bayam on July 31, 2011 at 9:58 PM

OK, one sugar-free Satan sandwich with a side of fries to go. Don’t forget the shake.

disa on July 31, 2011 at 9:56 PM

Should be good for that wide load too-much-junk-in-the-trunk look she is sportin’

OmahaConservative on July 31, 2011 at 9:59 PM

williars on July 31, 2011 at 9:56 PM

Who is Randy, and where’d you get that quote? Because it’s dead on.

Weight of Glory on July 31, 2011 at 9:59 PM

The victory is this; we were able to change the conversation to the point where even cutting the rate of growth in federal spending is discussed. It’s the beginning of changing the thinking of an even larger chunk of the electorate toward an understanding that government is too big, too unwieldy, too intrusive.

massrighty on July 31, 2011 at 8:59 PM

This

Seriously, the conversation really has changed. When Andrea Mitchell admits it and says we now have to realize that we don’t have the resources to carry the progressive dream. When tom Brokaw, whether he agrees with them or not–and surely he does not–sends a shout out to the Tea Party and says this is how things get changed. Grass roots, purpose and unified agenda, then winning elections. The Tea Party did that and have to be admired for it.

Actually I think they’re in shock and will change their minds tomorrow.

But still…

MaggiePoo on July 31, 2011 at 9:59 PM

Scary thing is that even with the tax hikes, the CBO projections are still horrific.

andy85719 on July 31, 2011 at 10:00 PM

The real key here will be winning big in 2012. But this time, it is important tha we have leaders like Boehner who know how to push for cutting back the government. Unlike in 2002, the GOP in 2012 will be beholden to the Tea Party Express. To put it another way, Boehner will not be like Tom DeLay and his push to build majorities through pork barrel spending…

Remember, the Tea Party won this round decisively. The Tea Party has changed the entire direction of Washington. That is no easy feat. The MSM hates the Tea Party because it is changing the way things are done in Washington. We have a long way to go, but the Tea Party sentiment will prevail in 2012.

RedSoxNation on July 31, 2011 at 10:00 PM

Should be good for that wide load too-much-junk-in-the-trunk look she is sportin’

OmahaConservative on July 31, 2011 at 9:59 PM

ROFL..Good one!..:)

Dire Straits on July 31, 2011 at 10:01 PM

I just have one question: Did Obama play golf this weekend?

parke on July 31, 2011 at 10:01 PM

Boehner really did a good job on this stuff. He got the dollar for dollar cuts with no tax increases. And he put the economy back on the shoulders of Obama and the Democrats…

It ain’t perfect, but it is still pretty good…Right Direction…

RedSoxNation on July 31, 2011 at 9:55 PM

There are no real cuts in this bill.

1. The ‘cuts’ are just reductions in the rate of growth. Spending will still increase.

2. The ‘cuts’ are future cuts which can be nixed very easily, as future Congresses cannot, BY LAW, be bound by present Congress.

fossten on July 31, 2011 at 10:01 PM

The establishment owned The Tea Party.
They coopted the supposed immovable examples of principle like West and that broad from N.C.
They gave Obama cover for the election by giving him a nice big credit he can use at will.
They are going to cut the military.
Nice.

They successfully bribed and then diminished the Tea Party to redheaded step child status.

Gotta admit it, the RINO establishment knows how to get it done.

True_King on July 31, 2011 at 10:01 PM

i just ventured into daily kos and noticed this, from Hunter:

This is all a recipe to greater recession and greater unemployment, mind you, but it’s been a damn long time since Congress cared about either of those things.

Shep was whining about the tea party would create more unemployment by slashing government spending earlier today. I wonder what Shep’s screen name is over there.

r keller on July 31, 2011 at 10:02 PM

The real key here will be winning big in 2012. But this time, it is important tha we have leaders like Boehner who know how to push for cutting back the government. Unlike in 2002, the GOP in 2012 will be beholden to the Tea Party Express. To put it another way, Boehner will not be like Tom DeLay and his push to build majorities through pork barrel spending…

Remember, the Tea Party won this round decisively. The Tea Party has changed the entire direction of Washington. That is no easy feat. The MSM hates the Tea Party because it is changing the way things are done in Washington. We have a long way to go, but the Tea Party sentiment will prevail in 2012.

RedSoxNation on July 31, 2011 at 10:00 PM

This is utter delusion.

We’ve been had.

fossten on July 31, 2011 at 10:02 PM

But what’s insane is that if the GOP agrees to let those cuts expire, Obama is willing to give up huge concessions in entitlement reform that will fracture the left wing of his party. Instead, the cuts will expire on their own, and the GOP will get nothing out of it.

A big opportunity missed for significant entitlement reform.

bayam on July 31, 2011 at 9:58 PM

But this is what the upcoming election will be about. And if we get tax reform, the bush taxcuts are irrelevant anyway.

MaggiePoo on July 31, 2011 at 10:02 PM

I just have one question: Did Obama play golf this weekend?

parke on July 31, 2011 at 10:01 PM

Are you kidding?
He was manning the Armageddon button but Carney and a few others were holding him back.

Electrongod on July 31, 2011 at 10:03 PM

Remember this when you’re picking a presidential candidate. We need one with steel balls on this subject. That would eliminate all but about three of the current crop.

NoLeftTurn on July 31, 2011 at 9:20 PM

Perry. Palin. Neither declared yet.

Who else has steel balls of that crowd?

disa on July 31, 2011 at 10:03 PM

Scary thing is that even with the tax hikes, the CBO projections are still horrific.

andy85719 on July 31, 2011 at 10:00 PM

What tax hikes?

derft on July 31, 2011 at 10:03 PM

but the Tea Party sentiment will prevail in 2012.

RedSoxNation on July 31, 2011 at 10:00 PM

Even if this grand plan is full to the brim with ifs-ands-butts? Why the hell are people hitching themselves to this kite before they know which way the winds are blowing? Eeyore me all yah want but I’m trusting nothing at this point. The damn bill could have more landmines than North Korea.

Limerick on July 31, 2011 at 10:03 PM

GOD HELP US survive, we are committing national suicide.

PappyD61 on July 31, 2011 at 9:09 PM

Sadly and tragically, our nation may no longer have enough people who see the world for what it truly is, a dangerous environment, full of wicked men, with only the United States military preserving our hard won and maintained freedom. Weakening our defenses is very dangerous at any time, let alone at time when China, still a communist dictatorship, is using what used to be our money, to build up their military power.

Perhap we will have one more shot at preserving the nation, before we go bankrupt, and no longer have the resources to defend freedom. This one last opportunity will be in November of 2012. Yet, there is little reason to have confidence in any establishment republican political figure to do anything other than continue to compromise the nation into oblivion. Most of them have demonstrated they cannot be trusted, other than to do that which benefits them personally.

The only non-establishment Republican political figures with any chance of being elected President are the women, Bachmann, and Palin; and perhaps Perry, but his record includes wavering from conservative principles; so it is difficult to know whether he would compromise or stand firm on principle – which is the fundamental reason we find ourselves in this disasterous situation. Our people have decided to place preference over principle; and we are clearly experiencing the catastrophic consequences of having done so.

It seems now that only the Tea Party people, and those who support them, understand the magnitude of our desperate situation. They wanted to act now, by imposing pain now, to ensure security and preservation later.

The Tea Party understands the urgency of the situation, which is probably attributable to the fact that they are among the older of our citizens, who understand the importance of time-tested common sense principles, upon which this nation was founded; including the danger of debt, and the consequences of ignoring them. I pray that the current actions by our national leaders, is not too little, too late.

SheetAnchor on July 31, 2011 at 10:03 PM

Electrongod on July 31, 2011 at 10:03 PM

LoL!..Good one..:)

Dire Straits on July 31, 2011 at 10:04 PM

By the way, future markets?
ZOOOOOOOOM!!!

Weight of Glory on July 31, 2011 at 9:52 PM

Wow, an explosion of new government debt spending sure drives the cronies wild. Let the good times roll.

FloatingRock on July 31, 2011 at 10:04 PM

Let’s hope the House Dummycrats, lead by Madame Pelosi, reject the deal.

GarandFan on July 31, 2011 at 10:05 PM

The establishment owned The Tea Party….

True_King on July 31, 2011 at 10:01 PM

No need to read any further.
The Tea Party will survive…the establishment is getting thinner.

Electrongod on July 31, 2011 at 10:05 PM

Weight of Glory,

I wish someone would tell me exactly what we gained in this. As far as I can tell, taxes will go up once the Bush tax cuts expire, Obama gets his $2.5 trillion up front, and all “cuts” are over ten years. The BBA is toothless, since the other triggers will be favored over it, and we’re assured that taxes wont get support from the super-committee because…well…taxes will already be up greatly. Again, someone who favors this plan, please tell me what exactly has been gained in dealing with the fiscal train wreck we’re about to be a part of. This does not stop our trajectory towards default, we will devalue our dollar further, and businesses and consumers will pull back due to their taxes going up. What am I missing?

You’re overlooking the fact that Republicans won a pyrrhic and largely meaningless political victory. Hooray for our side!

Mike Honcho on July 31, 2011 at 10:06 PM

disa on July 31, 2011 at 10:03 PM

You named one and it is not Perry.

derft on July 31, 2011 at 10:06 PM

Obama underscored that point. He said that, if enacted, the agreement would mean “the lowest level of domestic spending since Dwight Eisenhower was president” more than a half century ago.

…..

artist on July 31, 2011 at 10:06 PM

The Tea Party has changed the entire direction of Washington. That is no easy feat.
RedSoxNation on July 31, 2011 at 10:00 PM

I got an email blast from our TP president today asking everyone to call or email the 22 reps and thanking them for sticking to their principles. I know what I’ll be doing at lunch tomorrow. I don’t think any of us can fathom the pressure they were under.

TxAnn56 on July 31, 2011 at 10:06 PM

There are no real cuts in this bill.

Ryan’s budget didn’t have them either.

But, look, every deal made before had both ‘cuts’ and tax increases. Usually the taxes were increased and an outline for cuts was made but they never happened!! Except in a couple of cases.

That’s a big reason the D’s are spitting mad. Their trick didn’t work this time.

MaggiePoo on July 31, 2011 at 10:07 PM

Crazy Pelosi. Boy she must be miffed not to be in charge.

MarkT on July 31, 2011 at 10:07 PM

So anything you do to the tax code, unless it starts off with a $3.5 trillion tax increase, it’s going to be adding to the deficit

I just can’ get my head clear on this. Doesn’t this explicitly state that the Bush tax rates MUST EXPIRE? Or ‘it’ adds to the deficit (for accounting purposes) requiring even greater tax increases or even greater spending cuts? .. and how does this help resolve the divide between cutting spending and raising taxes?

Skandia Recluse on July 31, 2011 at 10:07 PM

I knew, and I think most people here also knew, that the 2010 election results were just the beginning. We have 2 more election cycles to sweep RINOS out of office and then begin to erode more Dem seats in both sides of Congress. Also, the White House. I believe we can get it done. Obama is a very weakened president. He is over exposed, the country is sick of seeing him on their tv in perpetual campaign mode, and they are sick of him playing all this golf and flying Air Force One all over the place for no real purpose, other than to get to more fund raisers for his campaign.

And his party will be weaker because of the way he is doing his fund raising. Based on what I have read, he is maxing out donors in this election cycle where they are limited to what they can contribute to individual races based on their donations to the DNC and Obama’s campaign. That will further weaken the Dem Seats up for grabs.

I refuse to let this really bad situation get me down. I often see over the horizon on trends, and I am actually floored at how much this guy is being hated by everyone but the ruling elite and main stream press. Those 2 groups know they have a patsy in the office to they of course will continue to prop him up. The rest of us see him for who he is, a miserable failure as a leader and a despicable American hating person.

karenhasfreedom on July 31, 2011 at 10:09 PM

This shizzle is going to go on forever, so can we treat this as an open thread?

BTW, how ’bout them Yankees?

Yadda yadda.

hillbillyjim on July 31, 2011 at 10:09 PM

Wow, an explosion of new government debt spending sure drives the cronies wild. Let the good times roll.

FloatingRock on July 31, 2011 at 10:04 PM

Yup. They know that the Fed Bank can’t monetize what’s not issued. They can play the phoney market game a little while longer, so why not BTFD? The problem is, soon the markets will realize that we’re still looking at double digit unemployment. We’re still looking at a possible contraction in GDP and double dip recession. We’re still looking at a much larger debt to GDP ratio thanks to the horrible Kensian economic policies. The economy is literally in tatters, and I wouldn’t be surprised to find out that we’ll actually breech the debt ceiling again sooner than we anticipate.

Weight of Glory on July 31, 2011 at 10:09 PM

The GOP will betray you

True_King on July 31, 2011 at 9:51 PM

And the Dems will bankrupt you….and your kids.

Electrongod on July 31, 2011 at 9:58 PM

Much like the GOP just did. Did they not? This is the largest one time increase ever. Do you not see what is happening right before your eyes?

The GOP betrays you right before your eyes and all you can do is take potshots at the Dems? This behavior is expected of the Dems. Well, now that I think about it, it’s expected of the GOP as well, lol. They have a 50 year record of massive spending, just like the Dems.

True_King on July 31, 2011 at 10:09 PM

MaggiePoo on July 31, 2011 at 9:59 PM

No, the MSM is trying to convince you that you’ve already run so that you’ll capitulate. If you don’t then all of the doom and gloom predictions that they’ve lied to you about will fail to materialize and you’ll never trust them again.

FloatingRock on July 31, 2011 at 10:10 PM

I’m sick and tired of people making excuses for the “new” GOP which is really the same old, same old GOP. FYI: the House controls the purse strings! The House has the power to reign in spending and set the budget. Wasn’t this the reason for taking the House in the 2010 Election?

Now the excuse is that the GOP needs to take the Senate and the Presidency to stop the spending. The following excuse will be the need for a filibuster proof majority. When are the excuses going to stop???

All I know is that crybaby Boner and others in leadership positions need to be primaried and replaced. (That goes for the freshmen that folded like a bunch of cheap suits too.) They can talk a good game but they sure can’t walk it when push comes to shove.

Losers make excuses and winners find solutions!

Principles before Party! (For Laura Ingraham its cocktail party invites before Principles.)

RedRobin145 on July 31, 2011 at 10:11 PM

AAAAAAAAAAAAAAAAAAAAAAAND another thing:

Where does Irksome Kirsten fall on this subject? Inquiring minds and lesser creatures want to know!

C’mon, Allah (PBUH), spill.

hillbillyjim on July 31, 2011 at 10:12 PM

That’s a big reason the D’s are spitting mad. Their trick didn’t work this time.

MaggiePoo on July 31, 2011 at 10:07 PM

yeah, but the Bush tax cuts expire in 2012 anyways…

jimver on July 31, 2011 at 10:13 PM

Crazy Pelosi. Boy she must be miffed not to be in charge.

MarkT on July 31, 2011 at 10:07 PM

Heh. To think she thought she had to stick around just to protect Obamacare. Then she gets hit with a tea-dal wave! Oh noes!

MaggiePoo on July 31, 2011 at 10:14 PM

Seriously, AllahP., I would love to know where the inimitable KP falls on this issue. It really is a curiosity for me.

She is fairer than most donks on any given issue; this is why I am interested in her take on this cluster—-.

hillbillyjim on July 31, 2011 at 10:15 PM

Much like the GOP just did. Did they not? This is the largest one time increase ever. Do you not see what is happening right before your eyes?

The GOP betrays you right before your eyes and all you can do is take potshots at the Dems? This behavior is expected of the Dems. Well, now that I think about it, it’s expected of the GOP as well, lol. They have a 50 year record of massive spending, just like the Dems.

True_King on July 31, 2011 at 10:09 PM

You are so right!

Don’t. be. sheep.

FloatingRock on July 31, 2011 at 10:16 PM

2. The ‘cuts’ are future cuts which can be nixed very easily, as future Congresses cannot, BY LAW, be bound by present Congress.

fossten on July 31, 2011 at 10:01 PM

That’s why there will be real cuts Johnny One Note.

See? I can predict the future too!

Vince on July 31, 2011 at 10:17 PM

Crazy Pelosi. Boy she must be miffed not to be in charge.

MarkT on July 31, 2011 at 10:07 PM

Nazi’s head is spinnin’ worse than whatzername’ Regan in the Exorcist…

OmahaConservative on July 31, 2011 at 10:17 PM

yeah, cutting defense is a really good idea now that China, aka chi-coms, toying/researching an EMP weapon to take out electronic

http://www.wired.com/dangerroom/2011/07/chinese-e-bomb/

/s

r keller on July 31, 2011 at 10:18 PM

Well, now that I think about it, it’s expected of the GOP as well, lol. They have a 50 year record of massive spending, just like the Dems.

True_King on July 31, 2011 at 10:09 PM

There is no movement on the left to reign in Government…but there is on the right and they (we) aren’t going away anytime soon. I didn’t expect Change overnight…it takes time.

Electrongod on July 31, 2011 at 10:19 PM

Again, all because of the vitriol I read on a reality tv website mostly visited by hard core lefties. They actually are beginning to hate this guy.

karenhasfreedom on July 31, 2011 at 9:16 PM

I’m seeing the same thing in the liberal college town in my backyard. These people are grim. And pissed. It is not at all pretty. I am eating it up!!!

piglet on July 31, 2011 at 9:53 PM

I’m in a liberal college town, too. My daughter (a young adult) and I have a little game we play when we’re out and about and within earshot of presumed liberals. Neither of us voted for Obama, of course, but we have this conversation just loudly enough to be overheard:

Daughter: I’m so disappointed in Obama. I can’t believe I voted for him. I actually lied to someone the other day and told them I voted for McCain, just to save face.

Me: I know, hon. I’m disappointed, too, and so is just about everyone else I know. There isn’t a single person in my wine group who plans to vote for him again. Not one.

Daughter: He’s such a screw-up, ya know? I thought he’d know what he’s doing. I can’t believe I wasted my first vote on him. I’m gonna have to lie about that forever. I’m still a democrat, but I’ll never vote for Obama again. It feels like it must have felt to be a Nixon voter.

And then we walk away, still in conversation, only to turn and see the horror — the absolute horror — on our “fellow liberal’s” faces. Too fun!

Rational Thought on July 31, 2011 at 10:20 PM

Update: Timothy Carney reminds the left that when you elect a guy whose main goal is his own reelection, don’t be surprised when the deals he strikes reflect that priority.

Which valid foundation principles embody liberal-ism?

Why should the left’s all consuming (literally) power-manic motivations be represented any other way?

Speakup on July 31, 2011 at 10:20 PM

Compromise on defense was to include foreign aid, Homeland Sec., etc. in “security” category of cuts so they didn’t fall so heavily on DOD

Very small conciliation.

Cindy Munford on July 31, 2011 at 10:21 PM

derft on July 31, 2011 at 9:10 PM

re: cell phones

This is what I heard about a month or more ago on the radio news. I was thinking about upgrading to a smartphone and then re-considered after hearing that. I plan on checking with my Carrier to find out if this feature is just going to be on the smartphones or others.

The news was the W.H. would use this texting for re-election info. How sick is that?

bluefox on July 31, 2011 at 10:22 PM

I didn’t expect Change overnight…it takes time.

Electrongod on July 31, 2011 at 10:19 PM

Agreed. Rome wasn’t built in a day and all that…

OmahaConservative on July 31, 2011 at 10:22 PM

r keller on July 31, 2011 at 10:18 PM

Check the last update on defense spending.

Vince on July 31, 2011 at 10:24 PM

i don’t think carney quite gets barry

Democrats’ willingness to compromise doesn’t reflect superior maturity to the more rigid Republicans. Quite the contrary: It reflects caring less about policy than about politics.

What is the most important thing to barry? Single Payer. What must he do to ensure that his initial efforts do not get overturned? Get Re-elected.

Yeah, the left is unhappy now…but the line in Nov will be do you want ACA to be overturned. No? Vote for Obama.

They’ll squeal now, but they’ll show up in Nov

r keller on July 31, 2011 at 10:27 PM

Nancy Pelosi: The Norma Desmond of Congress.

I’m ready for my close up, Mr. Obama…

kingsjester on July 31, 2011 at 10:28 PM

The news was the W.H. would use this texting for re-election info. How sick is that?

bluefox on July 31, 2011 at 10:22 PM

In a way it my hurt BHO really bad. Same as the twitter crap and everyone loves the nice calls you get even though you are on the no call list. Might be a good thing.

derft on July 31, 2011 at 10:29 PM

bayam on July 31, 2011 at 9:58 PM

My condolences on the Democratic National Socialist Party losing out on the Raise taxes meme.

Chip on July 31, 2011 at 10:29 PM

No, the MSM is trying to convince you that you’ve already run won so that you’ll capitulate. If you call their bluff then you’ll never believe them again because they’ve been lying to people about all the doom and gloom.

FloatingRock on July 31, 2011 at 10:10 PM

FIFM

FloatingRock on July 31, 2011 at 10:29 PM

kingsjester on July 31, 2011 at 10:28 PM

“Palomino! Palomino! For the love of God, Palomino!!!”

coldwarrior on July 31, 2011 at 10:30 PM

kingsjester on July 31, 2011 at 10:28 PM

LOL

d1carter on July 31, 2011 at 10:31 PM

Rational Thought on July 31, 2011 at 10:20 PM

I love that! I’m going to try it with my one conservative girfriend in our town (also super liberal). Keep up the good work!

Missy on July 31, 2011 at 10:32 PM

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