Boehner aims to release new debt plan by Sunday afternoon

[TomCADem]

Source: The Hill

House Speaker John Boehner (R-Ohio) told his GOP rank-and-file that congressional leaders are working round the clock on a deal set for release before the Asian markets open on Sunday at 4 p.m., a source tells The Hill.

Boehner gave few details as to the yet-to-be-seen proposal, according to an official who participated in the conference call held following a tense meeting at the White House on Saturday afternoon.

* * *
The Speaker told his colleagues that any deal will be a product of congressional leadership - not a compromise struck with the White House, the source said, noting that "strategically not working with the president, but with the Senate could be better for him."

At the White House meeting, Boehner was backed up by Democratic leaders, Harry Reid and Nancy Pelosi, when he said to Obama, "Mr. President, I need to deal with the House and the Senate because we the White House and Congress aren't getting anywhere," the source said.


Read more: http://thehill.com/homenews/house/173131-boehner-says-new-debt-plan-will-be-released-by-sunday-afternoon

---

There you have it. Boehner is going to issue the House Republican plan. And, Harry Reid and Nancy Pelosi will support that plan whatever that plan happens to be.

I guess we can hope that Republicans will be responsible, blink, and at the 11th hour drop their demands for trillions in spending cuts without any revenue in return. We can hope!

Of course, if Republicans actually offer up some revenue at the last minute, the question will be why they waited so long.

[adhd_what_huh]

1. Teabaggers say "that black man is not the boss of me".

[freshwest]

19. Yup

[Angry Dragon]

2. There better be some congressional cuts in there

because I would not them to feel left out of the 'shared sacrifice'

[ixion]

3. You can always count on the Dem leadership to act like a battered wife

and this piece of crap legislation will be no exception. Neither Pelosi nor Reid has ever shown the ability to have a spine when it really mattered.

[TomCADem]

4. Boehner Could Sell Some Token Revenues To The House GOP...

...by saying that cutting a deal with Pelosi and Reid will make President Obama look weak. That might be enough to sell it, since the House GOP hates President Obama so much that maybe they can craft an exception to their no new tax pledge at the 11th hour. I can only hope, otherwise, you would need total surrender on the part of Reid and Pelosi to accept an all cuts deal without any tax increase. So, I think the obvious path forward is for the Republicans to cough up some last minute face saving taxes that are enough for Reid and Pelosi to sell to their membership.

This would be the reasonable approach for Republicans, which has been anything but reasonable.

[KittyWampus]

6. Pelosi and Reid have more invested in keeping the Left "happy" than Obama.

[ixion]

7. too late

they lost the progressive left for failing to even bother to investigate BushCo.

[TomCADem]

9. Exactly, Which Is Why I Think House Republicans Should Cough Up Some Last Minute Revenue

...to make it politically palatable for Reid and Pelosi, rather than putting them in a position to accept a worse deal - trillions in cuts with NO new taxes - then was offered to President Obama or during the debt ceiling talks. In other words, House Republicans need to cave at the last minute by offering to close a few token loopholes.

[Grassy Knoll]

5. So flip flop boner doesn't want Obamas Plan...

but did for a month, Epic moran.

[titaniumsalute]

8. This is simply political

They will present a plan filled with shot loads of cuts. They will present a few bullshit tax/revenue increases amounting to nothing. Then they will say to the Dems in Congress and the President "here you go." They will rely on the Senate Dems to vote it down and the President to veto making it look like he/they were really the ones to default. It is absolute bullshit.

[TomCADem]

10. Optimistically, I Am Hoping They Had Some Tax Increases They Could Agree To...

...but due to political reasons, they could never agree to them with President Obama. They were hoping that he would take a no tax increase deal, so rather than give him credit, they cut the deal with Pelosi and Reid giving them the tax increases that they would never give President Obama.

At least I hope this is the case, otherwise Monday will look real scary.

[AlinPA]

12. The republicans want the default. Boehner will do what teabaggers tell him to do. That's it.

[tooeyeten]

11. In the good ol' summertime

I love the smell of the GOP in Washington in the summer, sweating, working, toiling like all American workers throughout the country.

[thelordofhell]

13. I seem to remember that they wanted President Obama in on this

They whined and whined that the President wasn't there for the debt ceiling talks. Then he showed up, bitchslapped the fuck out them, and now they're whining and whining about it. republicans are a bunch of crybaby wimps.

[duhneece]

14. I hope the GOP's plan bites them in the ass

And it could IF folks pay attention to what their suggested cuts would do to them, their families and their communities...and I can say that with confidence knowing the Republicans.

[totodeinhere]

15. Harry Reid and Nancy Pelosi did not say they would will "support that plan whatever that plan

happens to be." You are reading something into the story that is not there. They backed up Bohner when he said he needs to deal with the House and the Senate. But that doesn't mean Reid and Pelosi will accept anything Bohner comes up with. It just means that they agree that the plan needs to be worked out between the House and the Senate, not the White House.

Here is my prediction. In the end Bohner will blink and give the Democrats much of what they want as long as the Dems allow a few face saving measures for the GOP. Then a big portion of Bohner's caucus will rebel and vote against the plan, but it will pass with a coalition of Democrats and a few Republicans. Then it will easily pass the Senate.

[Liberalynn]

22. At this point

all I am hoping for is the debt ceiling gets raised, and that the Big 3 are left off the table. Not saying that is what we are going to get, only what I personally wish for.

Just so sick and tired of all these games and the dragging out of this nonsense. :(

[Hoyt]

16. At this point, they need to lift the debt ceiling and leave everything else for another battle.

Then, go home and apologize to the American people for this whole crock of senseless crud.

[Fearless]

17. The same Congress that was on Obama's ass for the SS cuts??

:rofl:

Boner will get stiffed.

[LetTimmySmoke]

18. If they think they are going to get more out of the Senate dems, they are crazy.

Too many of them want blood.

[kestrel91316]

20. Dems in the Senate cave. Obama caves. Sigh.

Obama may as well pack up now and let Boehner move into the White House if he's gonna let that happen.

[TomCADem]

27. So, Boehner Is Going To Go To Nancy Pelosi For A Better Deal?

That doesn't make sense. I think Republicans will cave, but they don't want to give Obama credit, so they are going to cut a deal with Nancy Pelosi, and give her the tax increases that they refused to give President Obama.

Otherwise, why would Boehner set himself up by saying that he is going to work directly with Nancy Pelosi?

[Gregorian]

21. Grab yer crayons--TO THE TREEHOUSE!

I imagining a bunch of children running off to their secret fort, giggling.

[MurrayDelph]

23. I hope, for a change,

that this plan has some actual numbers in it, instead of the usual buzzwords that imply they think magic will happen:

[Dirigo]

24. Was The Weeper of the House Crying?

As the Weeper of the House was giving his press release for his inactions and incivility, was the Weeper of the House crying?

[and-justice-for-all]

25. There is a plan which he walked away from...

Obama should tell boner to go fuck himself; let the bottom fall out of the economy and let it all rest in the repukes lap...Repukes and the teahadist are all the reason why this country is in the state that it is in.

[BRLIB]

26. CLEAN BILL OR NOTHING!

A smart Obama would demand a clean bill OR NOTHING!!
Just like every other president has always had.
If Rethugs can't do that they will clearly be to blame for the consequences.

But O has already surrendered the narrative to the Rethugs and their Koch and Murdoch masters.
O must listen to Rush instead of Hartman or Schultz.

[TomCADem]

28. Blame The Democrats, Give Republicans A Free Pass!

I love it how when Republicans do something like bring the nation to the edge of default, we blame the Democrats. Republicans hold up and stall DADT repeal, and we blame the Democrats. Republicans oppose financial reform, then try to gut it afterwards, and we blame the Democrats.

This is why they feel free to do what they do. The are not held accountable by the media or even liberals.

[UTUSN]

29. Why the slam at PELOSI? She's been a rock on SocSec & all else.

But then, why the slams at REID and the prez...

[TomCADem]

30. Boehner Said to Seek $3 Trillion Cuts, Signal for Markets

Source: Bloomberg

House Speaker John Boehner told Republican lawmakers they need to provide a positive signal on a plan to avert a U.S. default before Asian financial markets open tomorrow, Republican congressional aides said.

Boehner wants at least $3 trillion in spending cuts in a two-step plan to accompany an increase in the U.S. debt limit, one of the aides said. Treasury Secretary Tim Geithner warned President Barack Obama and congressional leaders during a White House meeting today of a possible reaction by Asian markets, said an official familiar with the meeting.

The markets could be tumultuous if a plan isn’t negotiated over the weekend, said Christian Cooper, head of U.S. dollar derivatives trading in New York at Jefferies & Co.

“The markets will be under very real pressure at the open because the assumption will be there is really no resolution to this,” Cooper said. “The breakdown in negotiations has crossed the line from the political posturing of the last few weeks to potentially a very real crisis.

Read more: http://www.bloomberg.com/news/2011-07-22/obama-says-republicans-walking-away-from-fair-deal-in-debt-ceiling-talks.html

---

Well, it seems like Boehner is opening up by offering an even worse deal than the one that was discussed between the White House and him, because there is no mention of any tax increases. He wants Harry Reid and Nancy Pelosi to take it or leave it, since the White House was so insistent on $1.2 trillion in taxes.

Hopefully, Nancy Pelosi and Harry Reid tell him to stick it where the sun does not shine.

But, I am sure the corporate media will Blame the Democrats and Give Republicans a Free Pass on this one because Democrats did not accept Boehner's ultimatum.

[emulatorloo]

31. Thanks for keeping us updated on this.

I hate to say it, looks like we are headed for default.

[AlinPA]

32. It looks like a setup to make it look like Obama did not act (after Boehner walked out).

Default is what the GOP wants, so don't expect anything except Boehner doing another walk out. The GOP wanted the dafault all along and they are going to get it.

[anamandujano]

33. Since it's all about the markets (and thanks for the reminder)

there will be no default. Pukes and Obama won't be allowed by the puppet masters to let it happen.

No cuts necessary, no nothing necessary.

[TomCADem]

34. The Question Is Whether Reid and Pelosi Agree To The Newest Demand

...for $1 trillion in cuts up front for a short term debt limit deal with no taxes on the table, plus the promise of $3 trillion in cuts in the future. This just allows Republicans to spend the next few months like the last few months bitching about the debt without any focus on unemployment.

This is why Republicans want a short term increase. They want a distraction from the House Republican's inaction on jobs.

[anamandujano]

35. Wall Street controls all the politicians in the bargaining process.

Unless they've got everything shorted up the wazoo and will make bank on this mess, they won't allow it to happen.

The Repukes have shaped the debate and Obama, also controlled by Wall Street has gone along with the charade. Nobody has to accept anything.

They just gave away the secret, markets don't want spooking. If they let it happen, people should investigate those shorted and profiting from this fiasco as some did on 9/11.

[TomCADem]

38. "In Rhetoric Debate, Media Creates a False Equivalency Between Right and Left"

The corporate media does it, and the folks on DU do it by suggesting there is no difference between Republicans and Democrats. Prior to this year's Congress, raising the debt ceiling was routine. Nobody has to accept anything. I pray that you are right and that Democrats can walk away, and Republicans suddenly agree to sign the debt limit increase without any strings attached.

http://blogs.alternet.org/speakeasy/2011/01/11/in-rhetoric-debate-media-creates-a-false-equivalency-between-right-and-left/

[FreakinDJ]

36. What I've said all along - They want to control the political debate

right up to the 2012 elections

Which means no jobs is sight until 2013

[opihimoimoi]

37. Boner creating a massive fuck up...he is ignorant

[Historic NY]

41. Lets just default and blame Boner......he is such a dick.

[AndyTiedye]

39. When It Comes Down To It, What Other Choice Do We Have?

Give them what they want, or the economy gets it, and they get what they want anyway.



Draconian cuts to SS, Medicare and everything else instead of default,
or even more Draconian cuts to SS, Medicare and everything else after we default.

It really sucks, I know.

[KewlKat]

40. I'm blown away by the lack of respect

Boner and the Tea Pea Party GrOPers have for the President of the United States. I feel like their list of demands is more of a ransom note. They've hijacked the nation for political gain and this train wreck needs to be avoided, but how? Hang in there Mr President!

[Mz Pip]

42. Still playing games

Whatever.

Assholes, every last one of them.

[fort apache]

43. Sadly, Boehner already won

I believe Obama lost the election when he put middle class entitlements up for negotiation.
This was a bitter pill to those independents who looked to him as an alternative.

I believe the Republicans tricked him into doing exactly what they want, and let
him take the flack.

All this republican drama stuff is just theatricality.

I truly think that his casually playing poker with our entitlements will cost him
the election. ca