Harry Reid's Statement

[ticapnews]

"Tonight, talks broke down over Republicans' continued insistence on a short-term raise of the debt ceiling, which is something that President Obama, Leader Pelosi and I have been clear we would not support. A short-term extension would not provide the certainty the markets are looking for, and risks many of the same dire economic consequences that would be triggered by default itself. Speaker Boehner's plan, no matter how he tries to dress it up, is simply a short-term plan, and is therefore a non-starter in the Senate and with the President.

"In an effort to reach a bipartisan compromise, we are putting together a $2.7 trillion deficit reduction package that meets Republicans' two major criteria: it will include enough spending cuts to meet or exceed the amount of a debt ceiling raise through the end of 2012, and it will not include revenues. We hope Speaker Boehner will abandon his 'my way or the highway' approach, and join us in forging a bipartisan compromise along these lines."

Bipartisan = Giving the GOP what they want

http://talkingpointsmemo.com/archives/2011/07/new_statement_from_reid.php?ref=fpblg

[emulatorloo]

1. Link?

Hope you can still add one.

[ticapnews]

8. Added n/t

[emulatorloo]

9. Thanks!

[BzaDem]

2. This is not really giving the GOP what they want at all. Many of the cuts are phony.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1567316#1567351

[notadmblnd]

3. NO, what the GOP wants is to be able to bring it up again before the election

And that is something the Administration doesn't want to deal with during campaign season. Again, both sides are making playing politics more important that doing what is right for America.

[dflprincess]

5. Yeah, Reid says they're the deal only " meets Republicans' two major criteria:

it will include enough spending cuts to meet or exceed the amount of a debt ceiling raise through the end of 2012, and it will not include revenues."

By Obama, Reid and Pelosi standards that's hardly caving in at all. :sarcasm:

[emulatorloo]

4. 5 minutes ago: CNN just announced: NO DEBT DEAL. Possible deal on Monday. n/t

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1567357

[msongs]

6. Reid and Obama doing for repubs what repubs cannot do for themselves. disgusting nt

[LaydeeBug]

13. x 10. nt

[cliffordu]

15. Ah, yes - this train is never late.

[gateley]

7. WHY? Why no revenues? WHY? nt

[chill_wind]

10. Pelosi has also been putting a revenue -free plan together in the House

Reported a couple days ago. The dirty rotten devil's in the dirty rotten details.

Pelosi Outlines Revenue-Free Path Forward On Debt Limit Fight
Brian Beutler | July 22, 2011, 2:28PM

http://tpmdc.talkingpointsmemo.com/2011/07/pelosi-outlines-revenue-free-path-forward-on-debt-limit-fight.php

At the same time, Obama has said there had to be revenues (if only aspirational) after Dems blew up at Jack Lew a couple days ago over rumors he might cave on that.

The White House is denying reports, including this one, that President Obama is close to a deal with House Speaker John Boehner (R-OH) on a debt limit/deficit reduction package comprised of concrete spending cuts, and aspirational revenue increases.

White House spokesman Dan Pfeiffer tweeted that reports of a $3 trillion deal without revenues were incorrect. "POTUS believes we need a balanced approach that includes revenues," he wrote. However, what the President believes and what he may ultimately feel compelled to sign off on are not necessarily the same. Equally, Pfeiffer's tweet would not seem to rule out the idea of "aspirational" revenues that would come at some unspecified time in the future, while coupled with cuts that could begin immediately

Reid Presses Obama Not To Agree To Debt Plan With No Revenue
Brian Beutler | July 21, 2011, 3:40
http://tpmdc.talkingpointsmemo.com/2011/07/reid-presses-obama-not-to-agree-to-debt-plan-with-no-revenue.php

This morning, William Daley is on MTP, favoring, or at least very open to the Reid McConnell 2-step plan that Boner is pushing with the 12-member committee, but stipulating that Obama would veto any short-term hike involved. (cites and transcript at link)

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x88797

[rufus dog]

11. At some point you push away from the table and walk away

That point was Friday night.

How fucking hard of a sell is it to say "the Republicans just want to play politics and create another stalemate next year rather than doing what they were elected to do. At this point the only viable alternative is to have a clean vote on the debt ceiling increase, if the Republicans are intent on destroying this great Nation them let them go on record, otherwise we have important things to work on like getting hard working, able bodied Americans back to work."

"By the way, this debt was run up by the previous administration, and we will not be held hostage by the party that created this problem."

Grow a spine GOD DAMN IT.

[Bluebear]

12. 'and it will not include revenues' -wow.

[mzmolly]

14. I'd prefer to see the specifics, before assuming the GOP is getting

what it wants.