OH SHIT: Debt deal contains large spending cuts but only the possibility of future revenue increases

[Cali_Democrat]

Obama Presses Skeptical Dem Leaders On Big Deal With Boehner
Brian Beutler | July 21, 2011, 1:26PM

A Congressional aide briefed on ongoing negotiations between House Speaker John Boehner and President Obama says the two principals may be nearing a "grand bargain" on to raise the debt limit which would contain large, set-in-stone spending cuts but only the possibility of future revenue increases.

"All cuts," the aide said. "Maybe revenues some time in the future."

The status of negotiations has Democratic aides on both sides of the Capitol nervous and unhappy. And the notion that the impasse over the debt limit may be nearing an end is sparking denials from both the White House and Boehner's office -- in part, perhaps, because neither side has buy-in from their parties on a consensus plan.

Read more...http://tpmdc.talkingpointsmemo.com/2011/07/obama-press-skeptical-house-senate-dem-leadership-on-big-deal-with-boehner.php?ref=fpa

[patrice]

1. Fuck it. nt

[gateley]

2. NYT reported they were close, then the WH said the NYT was wrong,

so don't put a lot of faith in this "aide" just yet. We won't know FOR SURE until we hear from Obama or an Official Spokesperson.

This is making me crazy! Hurry up, you guys!!!!

[Name removed]

3. Deleted sub-thread

Sub-thread removed by moderator. Click here to review the message board rules.

[flamingdem]

4. They are still negotiating, there is no story to be told yet and...

..the "all cuts, no revenue" came from a Congressional aide. Notice, party affiliation wasn't included. (from the comments)

[woolldog]

5. Progressives need to mobilize and put pressure on Congresspeople

to ixnay the grand bargain-ay

[uponit7771]

6. MORE SPECULATION, NO REAL FACTS HERE

[MNBrewer]

7. Once the "bargain" is reached

and the cuts are made pubic, and "entitlements" get slashed it'll be too late. The bargain has already been made. All in the secrecy of this transparency administration.

[Name removed]

8. Deleted message

Message removed by moderator. Click here to review the message board rules.

[CakeGrrl]

13. And snarking insults on a messageboard *is* considered "activism"?

I think not.

[Jakes Progress]

17. No truer words than the last three in that post.

[Jakes Progress]

18. Why are you shouting?

It doesn't make a silly statement less silly.

There are facts. There are plans being discussed. There is a real chance that bad things are about to happen. Let's suppose the ideas from the OP are true and that Obama is about to sign a bill that will cut trillions in services and support for the poor and elderly in exchange for a promise from republicans (we know what that is worth) that they will think about maybe raising a little money from somewhere maybe later if they feel like it and it doesn't affect the rich people's tax cuts. Suppose the might be being considered. Do you have an opinion on that? Do you think it might be a good idea to say something about it?

[polmaven]

9. Did I miss that a deal was reached???

When did that happen? Must have been while I was out retrieving the mail....WOW! Imagine that! A deal!....funny, Richard Lui is still reporting no agreement is done! You better send this info to MSNBC so they'll know, too!

[Dawgs]

10. See posts 7 and 10. Waiting for a deal might be too late. n/t

[polmaven]

12. There is an enormous difference

between informing your government reps what your feelings are and declaring "Debt deal contains" this or that. By all means call your reps and express your opinions. Do it now! Of course this is the time. I have done so to my Rep. ..But there is NO EFFING DEAL YET.

[Cali_Democrat]

11. UPDATE: David Shuster says it's an EPIC cave-in

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1540037

[girl gone mad]

14. What a nightmare. n/t

[ClarkUSA]

15. No one knows what the final budget proposal will entail, including you.

All this squawking is ridiculous.

[Jakes Progress]

19. Suppose

the president signs a compromise that cuts services and support for the poor and elderly without any creditable promise for substantial revenue coming from rich people and flourishing corporations.

You have indicated that you don't feel like protesting before it happens, but how about after? If that kind of deal is cut, can we count on you to register your disgust with the WH then?

[ClarkUSA]

16. 'A White House spokesman called the claims from aides "not credible"

-- the result of having a "third-hand version of the facts."'

You conveniently left this fact out of your OP.

[quiller4]

20. Pelosi and Hoyer also rebuted reports n/t

[Tx4obama]

21. There is NO deal. The sky is not falling. n/t

[Palmer Eldritch]

22. OH SHIT. Another wasted OP.

[Jakes Progress]

25. Clever but . . .

What if the ideas from the OP are true and Obama is about off on a deal that will cut trillions in services and support for the poor and elderly in exchange for a promise from republicans that they will maybe raise a little money from somewhere maybe later if they feel like it and it doesn't affect the rich people's tax cuts or corporate welfare?

Would you want to say something after it has happened? Would that sort of "deal" be okay with you?

You know. Just asking if you have an opinion on the subject.

[blkmusclmachine]

23. Revenue increases "maybe tomorrow":

Tomorrow, tomorrow, it's always a day away.

[Tiggeroshii]

24. It's time to invoke some GODDAMN constitutional authority...

And the Democrats need to start putting pressure for that to happen NOW.

[stevenleser]

26. Turns out there was no deal. n/t

[Cali_Democrat]

27. This TPM article is accurate

This specific plan being discussed had all spending cuts and deferred tax increases.

[stevenleser]

29. Except it was not agreed on and thus was not a 'deal' n/t

[Palmer Eldritch]

28. You mean the deal that never existed that just vanished in a puff of Boehner sweat??

You can start apologizing whenever...