Monday, August 1, 2011

The Art of the Deal

by: Les Carpenter
Rational Nation USA
Birthplace of Independent Conservatism
Liberty -vs- Tyranny


It is looking more and more like the "deal" may get done. As we anxiously wait the final outcome I am reminded that "the devil lies in the details."

Republicans on Sunday framed an emerging debt-ceiling agreement as largely giving them what they wanted in a debt deal.

Senate Minority Leader Mitch McConnell (R-Ky.) also pushed back against suggestions the prolonged fight over raising the debt ceiling has hurt the GOP, which the White House has accused of intransigence in the talks.

"I don't think we've been hurt at all," McConnell said on CBS's "Face the Nation."

"The American people wanted us to do something about out-of-control spending and … the debt ceiling is going to produce what many people would believe is a complete change in the trajectory of the federal government beginning to get spending under control,” said McConnell, who is poised to be largely responsible for any package that wins muster with Congress.

An eleventh-hour deal being negotiated by lawmakers and the White House would shrink the deficit by about $3 trillion in exchange for increasing the debt ceiling for 22 months. A first round of $1 trillion in deficit reduction would only include spending cuts, a Republicans demand, while the rest would be worked out in a bipartisan commission later this year.

Still, Schumer said Democrats haven't given up the fight and will press for revenue raisers while seeking to block cuts to Social Security and Medicare when the bipartisan commission begins work on the next round of deficit reduction.{Read the Rest at The Hill}

Sane minds are no doubt hoping for the best. But then again, we are talking about the United States Congress.

Via: Memeorandum

4 comments:

  1. It's all a scam anyway. The promised cuts will never happen. Close the curtain on this kabuki and get back to shining the light on the national disaster Obamanomics has wrought.

    ReplyDelete
  2. Donald in Bethel, CT says:
    Les, sorry for this interruption, but I thought you and your readers would enjoy this little slice of liberal hypocrisy.

    Remember the tone America had after Giffords was shot, and how the WH pushed for more civility? Welll...check out this cartoon from Arizona. Yes, Arizona, where Giffords is from.

    http://www.newsbusters.org/blogs/ken-shepherd/2011/08/01/tucson-newspaper-political-cartoonist-fantasized-about-obama-sending-s

    ReplyDelete
  3. Don - Thanks for the link. It surely says a lot about the unprincipled left.

    ReplyDelete
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