House Approves 'Cut, Cap and Balance' Plan

[Raider]

LOVE the "balanced budget amendment"

Obama's threat to veto this Bill is proof enough that he's NOT serious about reducing the National debt.. Just another nail in Obama's coffin when Election time rolls around.


House Approves 'Cut, Cap and Balance' Plan
July 19, 2011
FoxNews.com


The House of Representatives has approved the GOP's 'Cut, Cap and Balance' plan with a vote of 234 to 190.

The bill imposes caps on federal spending as a percentage of GDP. It also allows for an increase in the debt ceiling by $2.4 trillion in exchange for both the Senate and House approving a balanced budget amendment.

House Speaker John Boehner played a muted role in public during the day, but later applauded the passage of the plan.

“House Republicans are the only ones to put forward and pass a real plan that will create a better environment for private-sector job growth by stopping Washington from spending money it doesn’t have and preventing tax hikes on families and small businesses," he said in a statement. "The White House hasn’t said what it will cut."

Read more: http://www.foxnews.com/politics/2011...#ixzz1SchhszOp


Obama, spending like a drunken Liberal that his is, comes into office with a credit card that has a $4 TRILLION dollar credit limit, In a matter of just over 2 years he manages to max out the credit card and now he's appealing to Americans to support a credit line increase of $2.5 TRILLION dollars so he can spend MORE money that we DON'T have.

Spending our Children and Grand children's future at a rate of $2 TRILLION a year... Incredible

[draggar]

This isn't a republican or democrat issue, it's a government issue. Our government is catering to greed and corporations. Look at the tax breaks that large oil companies get. They cry poor all the time but always post the largest profits and we all know damn well that if they did cut off some of the breaks they'll pss the "savings' on to us in a second so they can keep their huge profit margins.

Then, we have contractors who know they have a government contract so, even though their bid was the lowest, overbill for everything they can.

Then, we have a congress who makes it a priority that they get paid (remember earlier this year?) and are more concerned about their own pay raises when the average American has had major pay cuts.

The, they vote in things we have to buy but make damn sure they don't have to buy it themselves (Obamacare?).

No one really cares about those who have to pay the bills. They only act it for a few weeks every 4-6 years.

We need to vote in new kinds of people but I think even that won't change a thing. A radio personality I used to listen to in NJ once said "When they're here working at the local level they get a lot of things done and are pretty decent people but something must happen on the train to DC that turns them into an apathetic monster".

[biggedon]

obama will be re-elected in 2012!








the "real" fight is about increasing the distance between the "rich and the poor"

the political circus you read about and see on tv is just a distraction

[hawkeye]

Funny how concerned over the debt the Republicans are now, and how they keep blaming Obama for it. Of course the RePugs are the ones that caused all the debt that wasn't there when Bush (WPE) took over. And 'not once' in the 8 years of Bush's massive government expansion and spending did they complain of it, when they controlled all three houses. Not Once! In fact happily voting every year to extend the debt ceiling! But now it's all Obama's fault. Typical whining Repugs blaming someone else for their ineptness!

Repugs start the wars, grow the government bigger then ever, run up the debt, cause the worst recession in this countries history, but blame others for it! Now that is a loser position, and typical from that political party.

Raider, where was all your concern and whining about these probs while your fellow haters were causing all the probs. Too busy waiting to 'blame' others?? NOT ONCE did you complain back then! Not once!!! But then again we didn't have a black president. ...Figures.

I'm sure you'll rant and twist things to blame Obama, and avoid answering all the actual facts of why this country is in the shape it is. But facts ARE facts, and he didn't cause the problems, the Repugs did! Deal with it!

[hugegrowth]

When Obama came in he inherited a lot of these problems, he didn't start with a clean slate. Plus he had the oncoming recession that hit hard, and expensive military actions that started before he was there.

But I do agree that any plan they come up with now should include spending cuts, there is no other way. You can't just keep borrowing and raising your credit limit, imagine if the average person kept doing that with their credit card or line of credit!

[draggar]

the "real" fight is about increasing the distance between the "rich and the poor"

the political circus you read about and see on tv is just a distraction

We're turning into a Feudal system but instead of lords and ladies it's CEOs and executives.

[Gerry]

I am just curious if these same people expressing outrage and condemnation was concerned when George W. Bush raised the debt ceiling.

Yes, raised the debt ceiling SEVEN TIMES, TWICE WITHIN 3 MONTHS.

Within Bush's final year as President (2007-2008), he added nearly 2.5 Trillion dollars within 4 months.

During much of Bush's tenure, he had a Republican majority in both the House and the Senate.

He claimed that tax cuts would pay for themselves - they did not.
He claimed that tax cuts would result in growth - they did not.

We are in the worst economic downturn since the Great Depression.

Going to war with Afghanistan - but never funding it.
Going to war with Iraq - but never funding it.
Passing the Medicare Prescription drug plan - but never funding it.
Giving hundreds of billions to banks and financial institutions that got us in this mess - and they would not grant loans to consumers.

When President Obama was sworn in, the debt ceiling set by W. for the seventh time was already eclipsed.

We were screwed from behind and did not even get a reach around, a kiss, or a nibble on the ear.


Let's face it...we were taken out to lunch by the Bush Administration and when it came time to pay the bill, they dashed out the door.

[Raider]

When Obama came in he inherited a lot of these problems, he didn't start with a clean slate. Plus he had the oncoming recession that hit hard, and expensive military actions that started before he was there.

Yes, but throwing $2 Trillion dollars a year at the problem only made it worse.... Obama and the Democrats in congress believe and still believe you can spend your way out of recession, That spending is OK, that growing the size of Government is OK and they can pay for it by taxing the rich. These very polices by Obama and the Democrats have been going on now for almost 3 years and theirs not shred of evidence that shows it's working, it's done the complete OPPOSITE really.. When you look at everything in regard to the economy, Jobs, Private sector, Home values, everything. It's all gotten worse under his leadership, NOTHING has improved.

Repugs start the wars

Looks like you need history lesson.

NOT ONCE did you complain back then! Not once!!! But then again we didn't have a black president. ...Figures.

Another LIE by Hawkeye, you sure like doing that a lot don't you?... While you were over there at NamePros debating with members who don't talk back, I was here posting my opposition to the bail outs, I opposed TARP and I opposed bailing out GM, It all on the record.. Look up up.

Just because your too lazy to research this stuff out, doesn't give you the right to post LIES.... And the race card? Typical Liberal response when the facts are staring at them in the face and they nothing else to counter with.

he didn't cause the problems, the Repugs did! Deal with it!

Yep, dem repugs cawzed it a all, it all dere fawlts.... der

[Gerry]

Don't think for one minute I am supporting O or the dems on this issue.

But don't think for one moment that we are simply going to pretend that years 2001-2008 did not exist and did not happen.

Ever wonder why there is this movement to return the debt ceiling to 2005 levels?

Because this was the pre-spending spending spree Bush went on. This was before Bush raised the our nations debt an additional $4 Trillion bucks.


So lets not pretend 2001-2008 did not happen. Let's quit trying to rewrite history because the GOP is ashamed of themselves.

[Raider]

Do you guys know that Obama is only $1 Trillion dollars away from surpassing what Bush added to the National debt in a period of 8 years? Bush added approximately $5 Trillion to the National debt.

When Barack Obama entered office the National Debt was $10.7 Trillion dollars. it's now $14.5 TRILLION.. That's nearly $4 TRILLION added to the National debt in only 2.5 years. If Obama were to stay in office for another term and continue at this rate of spending, the National debt would be over $20 TRILLION Dollars, and the only people we see trying to prevent this from happening is is Republicans.

What Liberals don't want to talk about is, "Hope and Change" comes at a very high price.




For anyone to suggest that bad behavior justifies more behavior is a complete FOOL.

[hawkeye]

Curious Raider, with that charming vengeful 'twist everything around to suit your one-sided whims' personality, ...sleep alone much??

[dmyre]

Remember when Obama pledged to reduce the deficit by half during his first term?
What the hell happened?

[hawkeye]

Remember when Obama pledged to reduce the deficit by half during his first term?
What the hell happened?

I don't know, his first term is not over for 1 1/2 years. No president can do anything by themselves. Need cooperation. Things will be really better in his second term, and the House and Senate are both Dem run. Keep the hope! Sure would be catastrophic if the same ones that caused the problems were to gain control again. Scary thought!

[katherine]

The euro is in shambles and there is a real possibility that the US will default on its debt. We are living in interesting (and scary) times.
Meanwhile the deck of the Titanic is partying like it's 1929. Surreal. I hope everyone is planning ahead.

[draggar]

Remember when Obama pledged to reduce the deficit by half during his first term?
What the hell happened?

He didn't say half of what!

[Gerry]

Remember when Obama pledged to reduce the deficit by half during his first term?
What the hell happened?

No one knew how big the bill would be then...

we were told the deficit was not that big, the bank crisis was not that bad, unemployment would not be very high...and that was what what the GOP and W administration was selling.

These were the same folks that would not utter the "R" word until they were out of office.

Ya gotta love when a year or so out of office these folks tell us how much they underestimated things...every thing.

[H2FC]

Watching C-span I see one Republican after the other continually talking about the high Obama deficit and what we must do about it. All the blame is placed on Obama and the Democratic Party for running up the debt, it’s almost like they’re completely unaware of the financially mess President Obama inherited when he took office. Of course they haven't forgot but instead of giving him any credit for keeping our country out of another deep depression they're all hell-bound intent on finding fault for everything he has ever done- not just since he was elected President but everything he was involved in since he was born.

And what is the Republican answer to our debt crisis? Cut Medicare, Medicaid, and Social Security to the bare bones. But, do not, under any circumstance, cut out the tax benefits and loop holes the very wealthiest enjoy. And don't mess with the tax subsidies and loop holes the fossil fuel industry and big corporations enjoy. It doesn’t matter the wealthiest are getting richer and the richest corporations and industrials are now reaping their highest profits ever while the middle and lower classes are losing everything they have while prices and jobless rates are hitting new highs. The Republicans are all about taking care of their benefactors--and to hell with the rest of us.

I really can't image anybody, other than the very rich, supporting the current day Republican party.

[Gerry]

I really can't image anybody, other than the very rich, supporting the current day Republican party.

Honestly? It does somehow seem like there is a third party. Yup, they are still GOPers but they are the elite.

You have to go back many years to see real GOP values and principles. Certainly saw none of that the past eight years.

Blame Bush? I guess I should rethink that stance. Bush was too stupid to run anything; and too easy to manipulate. Papa Bush hand picked people in Dubya's staff, starting with Dick Cheney and Donald Rumsfeld.

We are in a huge, huge mess that is not going to be fixed this first term and into the next term. Now, is that statement from me new? Not hardly. I recall a thread where we had this discussion a couple of years ago. And I made that same statement...2014 - 2016 at the earliest would see an up tick from this fiscal mess left.

[Raider]

Remember when Obama pledged to reduce the deficit by half during his first term?
What the hell happened?

Your correct, In February of 2009 shortly after he was elected;

WASHINGTON (CNN) -- President Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term.

Some key things to note;

The $1.3 Trillion dollar deficit he's referring to was inherited from Bush.

From February of 2009 when he made this promise, the deficit has since TRIPLED.

1 week BEFORE he made this statement, Obama signed the $787 BILLION Dollar Job Stimulus bill.

In this same statement he said; "I refuse to leave our children with a debt they cannot repay," ~ Obama


$4 TRILLION Dollars later, he wants to borrow $2.5 TRILLION MORE.



The only people in this world that believe anything Obama says are "willing dupes"


Like this one;

Curious Raider, with that charming vengeful 'twist everything around to suit your one-sided whims' personality, ...sleep alone much??

You post "Facts" and the Liberal response is "LIES" and "Personal attacks"

Nothing intelligent, nothing useful, just the usual empty rhetoric from a big Obama supporter who has his head buried up his ass.

Notice this always happens when Obama is criticized, The more we criticize the man, the more his followers defend him. I've said this before; These people have incredibly large EGO'S.. For them to acknowledge Obama has made a mistake is the same as being proven wrong, Their afraid of looking stupid so they try to rationalize, just so they can convince themselves they didn't make a bad decision, that he's the right man for the job.

One member who does this almost ALL the time is DocCom, In the 2 1/2 years Obama has been Prez, I have YET to see him acknowledge any wrong doing by Obama.. NOT ONCE.

It seems that every time we post a FACT, the response is always one of 3 things, 1) "Rationalize Obama's reckless behavior", 2) "Blame his predecessor", or 3) "Attack your opponent personally".

We've seen ALL 3 in this thread so far.

For anyone who wants honest debate with someone in this section, it's best NOT to engage in debate with these kind of people, You'll quickly learn its a complete waste of time.

[Raider]

Watching C-span I see one Republican after the other continually talking about the high Obama deficit and what we must do about it. All the blame is placed on Obama and the Democratic Party for running up the debt, it’s almost like they’re completely unaware of the financially mess President Obama inherited when he took office.

Read your own words; "The high Obama Deficit" The Obama deficit their referring to is the TRILLIONS in Obama's BUDGET deficit spending..That's what's at the core here, It's not the National debt itself, it's what Obama is piling onto it with budget deficits that ADD to the National Debt, GET IT?

People like yourself often confuse "The National "Debt" with the "Deficit" all the time, The National Debt is the total amount of money the Government owes.. The Federal budget deficit is the YEARLY amount of spending that EXCEEDS revenue. In the year 2010 for example, Obama had a $1.342 Trillion dollar deficit, In 2011 the CBO projects it will be close to $1.5 Trillion.

So every time Obama tells us he's going to reduce the deficit, it's NOT the National debt he's talking about, it's his OWN deficit spending!

And he has proven himself INCAPABLE of even doing that!

All he's done since taking office is ADD to each FY budget, that ADDS to the National Debt.... The problem is NOT lack of revenue, it's out of control spending by this President AND a Democratic congress that's controlled both houses for 4 years, 2 years under Bush and 2 years under Obama, that's when the National Debt really began to skyrocket, look it up!

And you clowns are knocking the Republicans for trying to get it under control?

LMAO!!!