Boehner ready for debt-limit deal

House Speaker John A. Boehner said Sunday he is ready to strike a deal with the White House on raising the nation's debt limit but questioned whether President Obama was serious about tackling the issue.

Link

Considering Boehner's previous tough talk on the issue, what do you make of this, OT? It's been widely known for a while now that Boehner has been toeing the line between what the tea party members of his party want and what Wall Street members want.

Now that the deadline is approaching, what exactly does this illustrate about Boehner and his position, if anything?

It means he was bought. It also means he doesn't have principles.

the tea party should not influence the republicans BUT he just sealed his own fate next election for him...

It means he was bought. It also means he doesn't have principles.

hoola

Well, that's not exactly news.

Woah you caught me off gaurd with your title. I thought it said "Boner head for debt-limit deal":lol:

i thought i read 'Boner' in title and ran in here. pretty much boring *walks away*

It shouldn't be raised ... there's enough debt as it isIhazrh

and then we would default on our debts and the US's economy would crash so hard the great depression look like good times. Sounds awesome.

what exactly does this illustrate about Boehner and his position, if anything?

mattbbpl

The fact that the Republicans are even turning the debt limit increase into a debate rather than something that people just do already illustrates that they are psychotic; anything that is illustrated by the results of the debt limit increase debate is irrelevant in comparison.

[QUOTE="mattbbpl"]

what exactly does this illustrate about Boehner and his position, if anything?

GabuEx

The fact that the Republicans are even turning the debt limit increase into a debate rather than something that people just do already illustrates that they are psychotic; anything that is illustrated by the results of the debt limit increase debate is irrelevant in comparison.

[QUOTE="GabuEx"]

[QUOTE="mattbbpl"]

what exactly does this illustrate about Boehner and his position, if anything?

kayoticdreamz

The fact that the Republicans are even turning the debt limit increase into a debate rather than something that people just do already illustrates that they are psychotic; anything that is illustrated by the results of the debt limit increase debate is irrelevant in comparison.

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

GabuEx

[QUOTE="GabuEx"]

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

horgen123

The thing about cutting spending and raising revenue is that that would all affect future spending commitments. The budget for FY2011 has already been passed, and the US will default well before the budget for FY2012 will take effect.

[QUOTE="kayoticdreamz"][QUOTE="GabuEx"]

The fact that the Republicans are even turning the debt limit increase into a debate rather than something that people just do already illustrates that they are psychotic; anything that is illustrated by the results of the debt limit increase debate is irrelevant in comparison.

GabuEx

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

not saying cutting spending is going to be easy but it needs to be done. because if its not done now then when? during 2012? LOL election year doubtful. so that will likely mean raising the ceiling again or just ignoring the problem yet again. why not actually just cut it down now. revenue doesnt really need to be increased we just need to stop spending we collect quite a bit of money each year we just spend tons more. id be for more collection if and only if we cut spending at some drastic levels. i know i know no one wants to actually cut government programs sheer crazy talk of course....but if we dont stop spending soon whereever we borrow money from could just tell us no and then wed really be screwed. of course this could also cause america to lose its AAA rating status. i mean medicare is great and all but if we cant get spending under control.....well thats going to one day suck for a lot of old people. then much less say our national defense.kayoticdreamz

First, as I already explained above, it is literally impossible for spending cuts or revenue increases to prevent a default in 2011. The Treasury Secretary has already affirmed that this is the case.

Second, what would you cut? Everyone always says "LOL cut spending so easy". What would you cut and by how much?

[QUOTE="horgen123"][QUOTE="GabuEx"]

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

GabuEx

The thing about cutting spending and raising revenue is that that would all affect future spending commitments. The budget for FY2011 has already been passed, and the US will default well before the budget for FY2012 will take effect.

[QUOTE="GabuEx"]

[QUOTE="horgen123"] Not even if US somehow magically pulled all their forces out of the middle east over night?(I have no idea how close you are to hit the ceiling, although I have heard some say it could happen this month) kayoticdreamz

The thing about cutting spending and raising revenue is that that would all affect future spending commitments. The budget for FY2011 has already been passed, and the US will default well before the budget for FY2012 will take effect.

The Treasury is capable of pulling enough technical shenanigans to put off a default by a couple months, but July 8 is the hard deadline; if no debt ceiling increase is passed by July 8 then the government will default and the economy will experience total meltdown.

[QUOTE="kayoticdreamz"]not saying cutting spending is going to be easy but it needs to be done. because if its not done now then when? during 2012? LOL election year doubtful. so that will likely mean raising the ceiling again or just ignoring the problem yet again. why not actually just cut it down now. revenue doesnt really need to be increased we just need to stop spending we collect quite a bit of money each year we just spend tons more. id be for more collection if and only if we cut spending at some drastic levels. i know i know no one wants to actually cut government programs sheer crazy talk of course....but if we dont stop spending soon whereever we borrow money from could just tell us no and then wed really be screwed. of course this could also cause america to lose its AAA rating status. i mean medicare is great and all but if we cant get spending under control.....well thats going to one day suck for a lot of old people. then much less say our national defense.GabuEx

First, as I already explained above, it is literally impossible for spending cuts or revenue increases to prevent a default in 2011.

Second, what would you cut? Everyone always says "LOL cut spending so easy". What would you cut and by how much?

[QUOTE="kayoticdreamz"][QUOTE="GabuEx"]

The thing about cutting spending and raising revenue is that that would all affect future spending commitments. The budget for FY2011 has already been passed, and the US will default well before the budget for FY2012 will take effect.

GabuEx

The Treasury is capable of pulling enough technical shenanigans to put off a default by a couple months, but July 8 is the hard deadline; if no debt ceiling increase is passed by July 8 then the government will default and the economy will experience total meltdown.

while i cant say 100% for sure....i can say if its not an absolute neccessity its on the table to possibly be axed. is it going to easy? no. but it must be done. heck id have pretty much anything on the table to be cut. likely entitlement programs and government agencies that im not sure why some exist are the first culprits followed by some concreate plan to finish this never ending war overseas. that new healthcare law for one....we can deal with this idea again later if we must but right now spending must be stopped. really those 4 right there take up a large chunk of the debt.....well i forgot the ridiculous benefits packages government workers get especially congress workers. and the first lady what gets a million dollars to pay for servants and maids? ya that would go bye bye too. thatd be a start and id have no bones about axing that stuff. id certainlly look it all over as carefully as i could and basically if its not needed for america to function its on the chopping blocks.kayoticdreamz

That's a vague answer. What specifically would you cut, and by how much?

[QUOTE="kayoticdreamz"]while i cant say 100% for sure....i can say if its not an absolute neccessity its on the table to possibly be axed. is it going to easy? no. but it must be done. heck id have pretty much anything on the table to be cut. likely entitlement programs and government agencies that im not sure why some exist are the first culprits followed by some concreate plan to finish this never ending war overseas. that new healthcare law for one....we can deal with this idea again later if we must but right now spending must be stopped. really those 4 right there take up a large chunk of the debt.....well i forgot the ridiculous benefits packages government workers get especially congress workers. and the first lady what gets a million dollars to pay for servants and maids? ya that would go bye bye too. thatd be a start and id have no bones about axing that stuff. id certainlly look it all over as carefully as i could and basically if its not needed for america to function its on the chopping blocks.GabuEx

That's a vague answer. What specifically would you cut, and by how much?

[QUOTE="GabuEx"]

[QUOTE="kayoticdreamz"] why not just cut spending? i mean the debt is ridiculously large. cutting spending should be some kind of priority not adding more to the already ridiculous debt. the debt ceiling does not need to be raised at all. we need to get our spending under control and raising the debt ceiling isnt going to anything but add to our debt because neither party can be trusted to get extra money and use it to pay off the debt.kayoticdreamz

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

[QUOTE="kayoticdreamz"][QUOTE="GabuEx"]

Saying "cut spending" is the easiest thing in the world, which is why people do it so often. Then they get faced with reality, which is why people don't actually do it so often.

Even if spending were cut and revenue were increased (which is an option, much as the Republicans want to act like it isn't), it would be literally impossible to prevent a default this year if the debt ceiling were not increased.

Serraph105

[QUOTE="Serraph105"][QUOTE="kayoticdreamz"] not saying cutting spending is going to be easy but it needs to be done. because if its not done now then when? during 2012? LOL election year doubtful. so that will likely mean raising the ceiling again or just ignoring the problem yet again. why not actually just cut it down now. revenue doesnt really need to be increased we just need to stop spending we collect quite a bit of money each year we just spend tons more. id be for more collection if and only if we cut spending at some drastic levels. i know i know no one wants to actually cut government programs sheer crazy talk of course....but if we dont stop spending soon whereever we borrow money from could just tell us no and then wed really be screwed. of course this could also cause america to lose its AAA rating status. i mean medicare is great and all but if we cant get spending under control.....well thats going to one day suck for a lot of old people. then much less say our national defense.kayoticdreamz

[QUOTE="kayoticdreamz"]

[QUOTE="Serraph105"] actually increasing taxes really will need to happen if want to pay down our debt. Even if we cut spending to zero (theoretically obviously) the debt will still be there and we won't be able to pay it off in any sort of timely manner with taxes at sixty year lowes. -Sun_Tzu-

[QUOTE="mattbbpl"]

what exactly does this illustrate about Boehner and his position, if anything?

The fact that the Republicans are even turning the debt limit increase into a debate rather than something that people just do already illustrates that they are psychotic; anything that is illustrated by the results of the debt limit increase debate is irrelevant in comparison.