BlueCheese
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Wed Jul-13-11 11:10 PM
Original message |
Can someone tell me what Obama's current position is r/e debt ceiling? |
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What does he want out of the current negotiations? I'm kind of confused right now.
At first I thought he wanted to simply get the debt ceiling raised while giving up as few spending cuts as possible. But then he started talking about grand bargains and $4 trillion in taxes and spending cuts, including those to social safety net programs.
So would he sign a clean bill that raises the debt limit and does nothing else? It sounds like he rejected such an approach when Cantor proposed it. Maybe it was too short-term? But he's also talking about bigger is better, and how we have a unique opportunity to do something extraordinary. Would he sign a grand bargain that raises some taxes and cuts Medicare, Medicaid, and Social Security? Would he sign something that cuts about $2 trillion, as has apparently been talked about in the Biden-led discussions?
Does anyone here know?
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TheWraith
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Wed Jul-13-11 11:15 PM
Response to Original message |
1. He's suggested a "clean" bill to raise the debt ceiling, no preconditions. |
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He's also "offered" a deal to lower the deficit by $4 trillion over ten years, not that the Repubs are going to agree.
He's also said that he will veto any short-term debt extension ceiling bills which would move the problem down the road a few months or a year.
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BlueCheese
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Wed Jul-13-11 11:17 PM
Response to Reply #1 |
2. How long does a clean bill extend the debt ceiling? |
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I keep reading that the limit was raised seven times when Bush was president. That sounds like about once a year. Is a year acceptable?
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dennis4868
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Wed Jul-13-11 11:18 PM
Response to Original message |
3. I know people here don't like.... |
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Lawrence O'Donnell anymore because he does not keep to the PL narrative but he has explained this on his last 2 shows...great stuff!
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BlueCheese
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Wed Jul-13-11 11:18 PM
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4. Can you summarize what he said? |
dennis4868
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Wed Jul-13-11 11:21 PM
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5. Go to the MSNBC website... |
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they have videos of all the shows...enjoy! :-)
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DU
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Fri May 10th 2024, 08:10 PM
Response to Original message |