LIVE COVERAGE: Democrats Say Republican Debt Plan "Dangerous" w/link to Reid plan

[The Straight Story]

LIVE COVERAGE: Democrats Say Republican Debt Plan "Dangerous"

August 2nd is rapidly approaching, and Congress remains nowhere near an agreement to raise the debt limit and lower the deficit.

We'll be bringing you the latest on the negotiations here all day. (You can view our live blog from Sunday here.)
Click here, or refresh the page for the latest.

2:45pm | Sen. Chuck Schumer (D-NY) is sharply criticizing the Republican two-stage debt limit increase plan, warning it is "dangerous."

2:43pm | Reid says he will bring his plan to the floor today.

2:42pm | Reid says his plan includes a long term increase, safeguards entitlement programs, and meets Republican demands for spending cuts.



2:40pm | Reid says Republicans are trying to force Congress to have the same debate, on the same subject a few months from now. He says the short-term extension is "a non-starter in the Senate, and in the White House."

2:39pm | Reid says he spent all weekend trying to work with Republicans. "Instead of moving forward, we went backwards."

2:29pm | The Reid Plan .



Read more: http://www.businessinsider.com/live-coverage-eight-days-to-default-2011-7#ixzz1T91BhTW2

[The Straight Story]

1. Here is the Reid plan:

http://twitpic.com/5vrb4u

[Myrina]

2. No revenues. None.

He said it (paraphrasing) "This plan has everything they (the GOP) asked for and nothing we asked for".

Giving away the farm at the expense of the working folks.


:puke: :puke: :puke:

[midnight]

4. I looked at this sheet and wondered what the break down of these numbers

mean.... The DEVIL is in the details.....No revenues, and this means more austerity for the middle class/poor....

[The Straight Story]

3. I asked Reid how much his plan cuts in FY2012: says he's not much of numbers guy

amandacarpenter Amanda Carpenter
RT @McCormackJohn: I asked Reid how much his plan cuts in FY2012. He says he's not much of numbers guy, and I should get it from his staff

http://twitter.com/#!/search/reid

[mmonk]

5. The Republicans will still play Obama as they have done.

They still have the House. There is no one in Washington to just tell them to go to hell. They still control it seems.