House GOP to rework budget plan after new estimate

[cal04]

Source: AJC

A spokesman for House Speaker John Boehner says House Republican leaders are working to rewrite their deficit-reduction plan after receiving an estimate that it won't cut spending as much as advertised.

Spokesman Michael Steel says House Republicans promised to cut spending by more than they will raise the debt ceiling, and they plan to keep their promise. Steel tweaked the White House for not submitting a plan that could be independently assessed.

Boehner had promised a package that would cut $1.2 trillion in spending over the next decade. The nonpartisan Congressional Budget Office said Tuesday the package would cut less than $1 trillion.


Read more: http://www.ajc.com/news/nation-world/house-gop-to-rework-1047235.html

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another link
http://www.chron.com/disp/story.mpl/ap/business/7670567.html


CBO: Boehner Debt Plan Saves $850 Billion Over Ten Years, Just $1 Billion In 2012
http://www.huffingtonpost.com/2011/07/26/cbo-john-boehner-debt-ceiling-plan_n_910357.html?1311722197
Sam Stein
(snip)
Potentially more problematic for Boehner is the finding that his debt ceiling package will only reduce federal spending by $1 billion in 2012, and $16 billion in 2013. House Republicans have demanded that deep cuts be felt immediately as a condition for their support.

[mike_c]

1. what a charade....

:crazy:

[Fearless]

2. So they want to dig deeper into our pockets I see. What a surprise.

[FreeStateDemocrat]

3. Hard to imagine that they can find a bigger asshole to pull it out of.

[brooklynite]

4. House Republicans delay vote on Boehner debt plan

Source: Washington Post

House Republicans delayed a vote on their bill to lift the debt ceiling as they scrambled Tuesday night to rewrite the measure to ensure that accompanying spending cuts were large enough, according to three senior GOP aides.

The vote, originally scheduled for Wednesday, could now happen Thursday or Friday.

House members have just seven deals to raise the debt ceiling before next Tuesday’s deadline, and the latest move came after budget analysts said the plan endorsed by Speaker John A. Boehner (R-Ohio) would only create $850 billion in government savings, rather than the sought-after $1.2 trillion.

Boehner had spent much of Tuesday furiously rallying support for his two-step plan to avert a potential default, even though Senate Majority Leader Harry M. Reid declared the proposal “dead on arrival” in his chamber and the White House issued a veto threat.

Read more: Uhttp://www.washingtonpost.com/business/economy/boehner-presses-debt-plan-opposed-by-democrats-imf-urges-raise-in-debt-limit/2011/07/26/gIQA0s3taI_story.html

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I seem to call Speaker Boehner complain that President Obama had been dawdling for the past six months; how long have the Republicans had to line up Their own Caucus to pass their own legislation?

[RKP5637]

5. Imagine if he were that excited about figuring out how to create jobs

in this country.

[FreakinDJ]

6. DOA

just more political theater

[applegrove]

7. Democrats have been willing to go up to 3Trillion in cuts. The GOP doesn't want

the issue to be solved like that so they can run on it in 2012. Assholes!!!

[Igel]

8. "Cuts."

Most of their "cuts" are what's going to happen anyway: Afghanistan/Iraq war cost reductions and savings from interest not paid on the money projected to be not borrowed.

You could largely cut and paste that to the other plan. Its thoroughly transparent goal is to jack up the amount of the "reduction" which would leads to an identical increase in the debt ceiling increase, not to actually reduce spending. (The spending reduction was also inflated, but not as much as in the (R)s' plan, so that they differed by $40 billion over 10 years. $4 billion per year, on average. Now *that's* quite a difference. Hmph.)

[No Elephants]

9. The Washington, D.C. circus has more clowns than ever. Yet, we're not laughing.