TENTATIVE DEAL REACHED? – Weekend Debt Limit Updates Thread

***UPDATE: TENTATIVE DEAL REACHED?***

Here’s a quick summary of today’s events, courtesy of Hotair:

Via John McCormack, Senate Republicans have sent a letter to Reid urging him not to waste his time with the current bill. But there’s a hitch:

43 GOP senators sign bill saying they oppose Reid bill. Brown, Collins, Snowe, Murkowski didn’t sign it.

Also, the House soundly defeated Reid’s bill before it even got the House: 173 For / 246 Against. Sounds like they are using the Democrat moves against them.

Boehner and McConnell just had a press conference where Boehner laid the blame squarely on Obama’s shoulders as to why we are in this mess (or as he put it, cul-de-sac), during the Q/A. McConnell also says they have been in talks with Obama within the last hour.

Here’s the whole press conference that occurred at 4PM:

Also, both Nancy and Harry have been summoned to the White House.

***



As a side note, here is Rubio’s speech from the Senate Floor today on his perspective on the problems we are facing. Aside from the interruption by Kerry, it was great:

***

UPDATE: The Senate’s cloture vote on Reid’s bill will occur tomorrow at 1PM. It was moved because Reid says there are negotiations going on at the White House and they need more time.

***

UPDATE: ABC is reporting that a tentative deal has been reached:

  • Debt ceiling increase of up to $2.8 trillion
  • Spending cuts of roughly $1 trillion
  • Vote on the Balanced Budget Amendment
  • Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)
  • Committee must make recommendations before Thanksgiving recess
  • If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.

Rep. Dennis Ross (R-FL) tweeted:

“that’s not a deal, that’s a surrender.”

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John Kubalak
Guest
John Kubalak

Unfortunately one thing that Sen. Rubio did not say was, “Thank you, Senator Kerry, for pointing out the President’s history of disingenuous rhetoric.”

Anonymous
Guest
Anonymous

let’s go see who sell themself

odin147
Member
odin147

Mr. Kerry…because it is easier to say no to raising the ceiling because many would have said yes is a cop out…if it was true then it is true now, the country is being held hostage by those extreme tea party republicans and yet your party is still to provide a concrete solution to the problem…as Mr. Rubio said raising the ceiling is the easy part, the country is not watching the tea party it is watching you, your party and the president…and frankly your party has failed this country and the country now knows that even the threat of a default can’t get a meaningful solution out of you..so please shut the hell up about negotiations when you dont have a good idea to offer, if you cant help get the hell out of the way and let the tea parties solve it.

Anonymous
Guest
Anonymous

It depends on how the balanced budget amendment is written. 20% of GDP starting in 2013 which will force decisions like Paul Ryan’s budget and the debate will start right during the 2012 debates.

Anonymous
Guest
Anonymous

Rubio is the most impressive charismatic politician I have seen since Reagan. I hope whoever the Republican nominee is that they select him as their VP pick and that he accepts because he will be a fantastic future President.

Jaynie59
Member
Jaynie59

I agree with one caveat: Palin is the most impressive charismatic politician I have seen since Reagan and she’s going to need Senators like Rubio. Jim Demint needs him now more than she does.

Constance
Guest
Constance

Most definitely. He is a shining star, as is Rand Paul, Sarah Palin, Jim DeMint, to name a few. These are our people; the ones we should be supporting and focusing on. The other so-called conservatives have shown their hands this week. They need to be removed. I’m not even listening to them anymore.

Dan C
Guest
Dan C

Giving Obama 2.8 trillion debt increase with these token cuts is a disgrace. We are being sold out. Compromise is one thing, but this 2.8 trillion is way too much to give away.

Anonymous
Guest
Anonymous

So we owe a million dollars, they’re gonna spend three bucks instead of the five bucks they had planned to spend, and maybe think about cutting some more sometime later? Wow, what a bunch of heroes! Just who do they think they’re kidding?

Marti17
Member
Marti17

Well stated!!

Jeremy
Guest
Jeremy

It’s amazing how amateur these establishment democrats and republicans look when set side by side with people like Marco Rubio. Rubio is an amazing speaker and he’s not even reading from a teleprompter. Obama take notes.

BigM
Member
BigM

Rubio was fantastic when facing Kerry. Kind of like the new dog facing a much bigger old bulldog and he put him in his place.

Anonymous
Guest
Anonymous

If that tentative deal is for real – does that mean BO won’t have to ask for another debt ceiling raise before the next election? If so, we’ll likely be handing him the election.

John Hinds
Guest
John Hinds

No, he won’t, and that is the biggest concession of all.

Anonymous
Guest
Anonymous

Rubio was beautiful…..

Mary Nochera
Guest
Mary Nochera

I wish Marco Rubio would run in 2012.
I would allow my car to be a mobile billboard here in the SF Bay area!

Anonymous
Guest
Anonymous

You’d be taking chances with your life and car!

Allen Poe
Guest
Allen Poe

Typical tranny tactic. Wait until crisis, then propose the same old tactic. This raises the debt ceiling, increase taxes, gives more money to Obahashit, with which to buy votes, drive the USA into the sea. Impeach the faaassssstttaaarrrrd!

Duane Eugene Pounder
Guest
Duane Eugene Pounder

WORLD IS COMING TO THE END!!!!!!!!!!!!

steveart
Member
steveart

Not until I finish lunch.

steveart
Member
steveart

Not until I finish lunch.

Anonymous
Guest
Anonymous

while the house is working night and day, assembling offer after offer attempting to save the US economy, and THE one particular person that could make the difference, YOU KNOW THE ONE who demonstrates that everything has to be his way, is spending his day WHINING and trying to convince people to be on his side on twitter…. woulnt this make him a TWIT ?

Marti17
Member
Marti17

Unless bho gives the Presidential Order, it’s not default we need to be concerned about it is the lowering of our credit rating. Both rating agencies have stated that $4,000,000,000,000 must be cut to keep our present AAAA rating. These bills that are being argued over have no cuts in any of them that anywhere close to the acceptable figure. When it is lowered, the following (and more) will happen. INTEREST RATES – will go up with no end in sight. INFLATION – Our food, gas, and clothing costs have already started to spike, but you haven’t seen anything yet. This is just the beginning. If commodities (food, gas, oil, farm products * cotton * et al) were included in the reported inflation rate, like they were until the ’70’s, our REAL inflation rate is about 10% – and climbing – due to the Fed already printing $’s and monetizing… Read more »

detectivedick
Member
detectivedick

Then according to your analysis the World suffers from a depression. If we get back to 6% interest rates the DOW will be down about 4500. The FED will monetize the debt at current rates, S&P and Moody’s can down grade but only the FED can raise the rates. The circle of insanity will continue, however gold will double and most commodies will rise.
Just buckle your seat belt, BHO could pay off all the consumer debt and student loans ASAP in the USA.
Don’t worry in BHO’s second term he will print another 8 trillion.
Song of the day
http://www.youtube.com/watch?v=wxh-FfElY0M&feature=relmfu

Marti17
Member
Marti17

The Fed adjusts the Prime Interest Rate – the rate the largest banks pay to use the Fed’s money and services – which is reflected in all other interest bearing instruments to a greater or lesser degree.

BUT if we are downgraded, China and other countries buying our Bonds and Notes will demand a MUCH HIGHER INTEREST RATE or they won’t buy US Treasury instruments i.e. loans of any kind and they will divest themselves of all USA monetary investments.

No I don’t believe the world suffers from a depression (yet) but the numbers and bases have been so twisted that it’s difficult to have an accurate fix on where we stand financially.

John Hinds
Guest
John Hinds

No depression – yet. Inflation will continue for awhile. Don’t know for sure but I think the fed is the biggest buyer of our debt right now. I think China, et al, are getting out of dollar denominated instruments, bonds.

Marti17
Member
Marti17

Sadly, you are probably right about the fed now buying (monetizing) most of our debt. China is palming it’s US Treasury instruments off onto other countries, but they still hold a huge amount. I’m not sure they would be willing to loan us anything at this time.

Gold prices are the best gage we have to give us insight into the course the economy is taking. It is at record highs and climbing. When it starts to fall, I hope we all have enough preparations to weather through the UGLY STORM to the other side.

John Hinds
Guest
John Hinds

No depression – yet. Inflation will continue for awhile. Don’t know for sure but I think the fed is the biggest buyer of our debt right now. I think China, et al, are getting out of dollar denominated instruments, bonds.

John Hinds
Guest
John Hinds

Right, wheat alone has gone up over 85% in a year, if my memory serves. I know my favorite loaf of bread was .89 two years ago and is now 2.50.

Anonymous
Guest
Anonymous

July 30th 2011.
The day the islamomarxist got to close the coffin .Finally .
RIP my country.
We tried .

detectivedick
Member
detectivedick

Not yet!

John Hinds
Guest
John Hinds

The night is darkest just before the dawn.

Anonymous
Guest
Anonymous

We have to take a page out of Churchill’s play book: Never give up, never give in!

No surrender…..no sir! Keep that chin up, we have to fight on!

Anonymous
Guest
Anonymous

Notice that there was no mention of the time span. Obama got his get out of jail card by not having to deal with this deficit, or budget. He will be on the campaign trail the day after the vote, talking about how he saved the nation from disaster and doom. He only needs 4 more years to complete the job.

I hate what I see. I just hate it with a passion. Who do these people really represent? Take them down now and do the job we paid them to do.

detectivedick
Member
detectivedick

Just wait for the gunrunner issue to be front and center and the Mideast to turn into a fresh hell whole…Libyia , Egypt and so forth.

Anonymous
Guest
Anonymous

I’m not even sure if there will be ANY reporting of the gun-running investigations in the near future.
It will be ” Obama won” and ” Obama saved the world” and ” gramma is alive because of Obama” and ” Obama slayed the devil white Republicans” running in the media for the next few weeks while the islamomarxist celebrates ramadan in a shameless display of elitism and we work our bu22s off to pay taxes for his luxurious lifestyle.
This country voted for our destruction in Nov 2008 .
And the amazing part is , even after this one man totally burning our country down, those 52% people are not even ashamed of him.

Anonymous
Guest
Anonymous

There’s not a single thing in your post that isn’t spot on. darn it

John Hinds
Guest
John Hinds

Personally, I think he might have committed an impeachable offense in GR. I’d like to see a ‘fast ad furious’ trial.

KenInMontana
Member
KenInMontana

He may be sending troops to Mexico at the rate he is going.

K-Bob
Editor
K-Bob

And if you re-elect me, I promise a squadron in every country!

Mike Allen
Guest
Mike Allen

Don’t worry REHLV…It’s all part of the grand plan to win the “propaganda war”. Oh look… Harry Reid and liar-in-chief are are crying like a boehner. I think we’re winning.

detectivedick
Member
detectivedick

Another rant from me about Obama and the MSM:
Did everyone get the FEAR message about if we default interest rates will increase. For one we will not default on our interest payments unless Obama wants to default. But get this, who is the USA going to borrow the 3 trillion dollars from, The Fed by monitizing the debt, and who controls interest rates the Fed. Small circle isn’t it, the Fed and interest rates are twin brothers!

Josh
Member
Josh

If I had any military background in me at all, I would stand up and salute this incredible statesman. Give ’em hell, Rubio!

detectivedick
Member
detectivedick

Outstanding Senator Rubio! Now to a comment about the Tea Party Extremists, I will bet anyone a bushel of Maryland Steamed crabs if they can prove me wrong. African Americans (Blacks) make up approximately 16% of the total USA population, however many so called Black Leaders yell racism when LIAR Obama does not get his way. I guess Congressman Scott is a racist/extremist, my point is that not all Blacks are supporting LIAR Obama. But all Tea Party (people that want smaller Government and a balanced Budget) are Extremists. I also believe that Polls have shown that over 50% want Congress to spend and tax less and get off of the USA citizen backs so we can work and produce those goods and services that pay taxes. So prove me wrong that, the MSM and the Progressives can call Tea Party thinking people Extremists but we can not challenge Obama… Read more »

Conservative_Hippie
Member
Conservative_Hippie

Word Up!

Anonymous
Guest
Anonymous

Rep. Dennis Ross (R-FL) tweeted:

“that’s not a deal, that’s a surrender.”

Swell….now what? What is it going to take to get this country back? Or is our beloved America lost to the marxists?

Anonymous
Guest
Anonymous

Or is our beloved America lost to the marxists?
——
We lost it the day we installed the first blank president .

Anonymous
Guest
Anonymous

Can you say statesman?!?! Marco Rubio has now become a statesman to me just like Allen West and John Bolton, etc.

Anonymous
Guest
Anonymous

We need about 99 more Rubios…..

Anonymous
Guest
Anonymous

He’s so right about so many things. I’m particularly thinking of “the American people think what’s going on in this place is gross”…or something to that effect. Gross was the correct term. Or maybe ‘sickeningly gross’ would be better.

Duane Eugene Pounder
Guest
Duane Eugene Pounder

RodneyM That was a great Post!!!!!
I have a serious man-crush on Marco Rubio. He is a great representative of the conservative, common sense ideals we need in this country.

Even if he only has a short time in Washington.
Shara Palin if Nominated for President by the GOP or Tea Party. she Should Draft Marco Rubio for V.P.
If you Listen to him, there is discuss (with the way Washington runs) in his Voice.

Anonymous
Guest
Anonymous

So what Kerry was really saying is that when Dear Leader was in the senate his vote was thought to be good politics and not principle. Because if they really needed Senator Zero’s vote they would get it. And now he’s president.

John Kerry…bleh.

NYGino
Editor
NYGino

Did you know he served in Viet Nam?

Anonymous
Guest
Anonymous

and he served with a kiddie-porn collector who is now in jail .
How many people can put that down in their resume?

detectivedick
Member
detectivedick

Kerry is from Mass. just like Teddy and Romney…..what the other hand being give by the Republican party as the front runner

Conservative_Hippie
Member
Conservative_Hippie

You forgot to mention Scott Brown, he fits in there nicely with that ilk!

detectivedick
Member
detectivedick

Thanks, Scott Brown is a big disappointment

Richard McCreedy
Guest
Richard McCreedy

So now Boehner/Mitch/Reid are going to draw up some terrible bill together. Which they were always going to do no matter how the Boehner bill went.

So, if there is anyone here who supported the Boehner bill, please, please tell me why we HAD to pass it out of the House? So we could then compromise with Reid? That was going to happen anyway. Give me one good, solid reason that passing the Boehner bill was so crucial.

Richard
Guest
Richard

boehner’s ego only

K-Bob
Editor
K-Bob

It was the equivalent of “Don’t just do something, stand there!”

If we had more than just Joe Walsh and a few others who can deliver a rousing, Ted Kennedy-esque, “lie after lie after lie” speech, then we could respond to these loons.

I don’t know what turns my stomach more: watching Reid, Durbin, and Schumer talk about the Debt Ceiling, unimpeded, on the news channels, or the thought of Helen Thomas in any state of attire.

NYGino
Editor
NYGino

Let me make this easy for you, think of Janet Reno

KenInMontana
Member
KenInMontana

Now that was evil. EEEEYUCK!!!!!

Anonymous
Guest
Anonymous

Thanks for the laugh…it was sorely needed!

Helen Thomas in any state of atire….hehehe

K-Bob
Editor
K-Bob

Anytime! You’re lucky TRScoop hasn’t enabled the feature of disqus where commenters can post photos.

A link will have to do!

Anonymous
Guest
Anonymous

Oh. My. Eyes.

Surely, she never reproduced……

Allen Poe
Guest
Allen Poe

FYI, The constitution says, house makes all laws, senate ratifies, the president sign into law. The Supreme court can only say if it follows the constitution, not change it. Reed clarified modern government. The president makes laws, the senate must approve,and the house okays it.

RodneyM
Guest
RodneyM

I have a serious man-crush on Marco Rubio. He is a great representative of the conservative, common sense ideals we need in this country.

PK
Member
PK

The old lion of Democrat senate is mauled by the Tea party young lion. According to senator Kerry, the logic to oppose raising debt ceiling by senator Obama, Biden and Reid only apply when the shoe is on the left foot.

MJS
Member
MJS

I hope the senate keeps it up and they may eventually find troops in their gallery, holding their own elections.

PK
Member
PK

Harry Reid got a taste of his own poison pill.

MontyRay
Member
MontyRay

This needs to be seen by a wider audience. I would encourage my friends that comment here to share this. Rubio is a captivating speaker and defines the issues better than anyone in Washington right now. Really enjoy listening to him and Rand Paul. I think his tone and words will connect with America.

Neo Con John
Member
Neo Con John

I agree, After you post your comment forward this link to 5 people with a request for them to listen to it. We have to be more proactive in presenting our position on this issue. Great idea David.

Joyce Sears
Guest
Joyce Sears

Breitbart also has this Rubio video on his site. So, it is getting around. Rubio is just ALWAYS AWSOME!

Anonymous
Guest
Anonymous

You’re right. Will do.

Mary
Guest
Mary

Eerie seeing Kerry posing as an elder statesman vs. the young Rubio. I love this new crop of young conservatives! They give me hope for the future of this country and my children and grandchildren.

elmerfud71
Member
elmerfud71

What worked for me was to lose all hope. Then I found out how the whole system works and got angry. Then I realized that we are under siege by a world elite that use our political elite to destroy us.

Now I am happy to be informed about our coming financial collapse and loss of sovereignty. I am happy because it all makes sense now, and I can prepare for it.

I hope you get to have the same happiness.

Neo Con John
Member
Neo Con John

Your right elmer, they learned the rules and kicked our ass at our own game.
That’s what happens when you play by PC rules.

Alicia
Guest
Alicia

How does the whole system work?

elmerfud71
Member
elmerfud71

The whole system is an elaborate game. There are those who have been playing it for centuries and passing it down from generation to generation. We, on the other hand, are newbies every generation, and therefor can never catch up. The core element of the game is deception. They have a plan, and use deception to achieve it. They have the advantage, but they are not immune to backlash. Most spend their time debating the symptoms of our destruction, and never face the true creators of it. The creators are those who run the system, and the system is rarely challenged. Even when a political movement happens, the system has adopted tactics to either overthrow them with propaganda, co-opt them, or bring them into the fold. They don’t like doing the latter option, but will if necessary. You see, those who play the game well, get accepted. Those who hone… Read more »

Alicia
Guest
Alicia

For 5.95 a month you will. Learn…..TO buy tin foil for your head.

elmerfud71
Member
elmerfud71

It is cheap, and helps keep microwave and cellular radiation out.

Anonymous
Guest
Anonymous

That’s only if you can produce a continuously conducting surface that completely enclose the volume you are attempting to isolate which, by definition, a ‘hat’ cannot accomplish. Consequently you end up producing a reflecting surface that focuses radiation and fries your hypothalamus.

Now a tin foil body suit…..Ah, that’s the ticket.

Mary
Guest
Mary

How did you lose all hope? I’ve been brought low in this old world a number of times, but I never lost all hope. But I agree with you, it’s always best to be prepared.

elmerfud71
Member
elmerfud71

I lost all hope in this system, not all hope for life. I know we are living in a dying world, so now that I am not deceived any longer, I can move on. I was deceived when I had hope in men to change the world for the better. I was deceived when I believed that our government was legitimate and generally working for our best interests.

Now that I have seen the light, both spiritually and in this world, I have hope. You must first lose hope to gain it back again. It is a process.

Alicia
Guest
Alicia

suicide is the answer to all your questions.

elmerfud71
Member
elmerfud71

I’m hoping to get a bunch of people together and go up on a mountain to take a pill. Then we will be accepted into the space ship which will take us to another, better, world. (sarc)

Alicia
Guest
Alicia

Sarc aside,please do it.

elmerfud71
Member
elmerfud71

To each her own. You are kind of mean, you know.

elmerfud71
Member
elmerfud71

Wanna come? (sarc)

elmerfud71
Member
elmerfud71

Wanna come? (sarc)

Mary
Guest
Mary

Ah, I see said the blind man. I was going to quote Hebrews 11:1, but I think you already know it.

elmerfud71
Member
elmerfud71

I didn’t, by heart, but looked it up. I haven’t read that whole chapter for a while. Some refer to it as the chapter of the “hall of faith” club. Gotta love it.

Dauda
Member
Dauda

no teleprompter, intelligent good speaker …. Boehner is too stilted and bad with teleprompter, this man needs to get out front and speak for the Repubs…. way more often !!

Anonymous
Guest
Anonymous

Did anyone watch Sen Rand Paul on CNN a little while ago? He was interviewed , rather ambushed with media matters propaganda by a pretty stupid guy who kept referring to himself as representing the ” American people” in a totally self-righteous snobbish hostile and elitist manner, as if he was the one elected by “people” , and the Sen was some kind of country bumpkin who had just wandered in to the Congress. He didn’t even allow the Sen to finish his sentences, accusing him of not answering the question the moment he started answering the question. That kind of hostility and animosity is very personal and I don’t know where it came from for this CNN guy. I hardly watch CNN but I was clicking around and the moment I heard Sen Paul was on, I decided to watch. I’m glad I don’t watch CNN. Its has some… Read more »

Jaynie59
Member
Jaynie59

I just watched it over at Mediate. No link. That site is doing a great job undermining conservatives and I ain’t gonna help it.

It was Don Lemon and, of course, Mediate totally skewered it against Paul. But if you watch the video Paul came across great and Lemon came across as a high schooler practicing for his next debate meet.

Anonymous
Guest
Anonymous

Thanx for the name of that dude.
I did some digging ( I admit I am not too current with 3rd rate cable channel yappers) and now I understand where all that seething rage came from, Don Lemon just came out of the closet.
Plus he works for CNN.
That explains his [email protected]$$ry towards Sen Paul.
I’ve never seen an interview in which even before the 1st question is asked, the TV host warns the guest to not to repeat right-wing talking points and then himself goes on a blabbathon of left-wing talking points and calls them a question, which needs to be answered by agreeing with him .
Don Lemon, u r sour .
And bitter

Persephone
Member
Persephone

Absolutely magnificent delivery from Rubio!

Look!…No teleprompter!

I love it that he brought up the fact that there has been no Budgets signed under Obama.
We should be screaming that…loud. And often.
They get to spend more if there is no budget in place that they’re required to follow.

Senator Rubio earned some stripes on this.
He hit all the right points.
And even made the old elitist donkey Kerry look like a doddering fool.

NYGino
Editor
NYGino

This is one time Kerry truly earned a purple heart, did you know he served in Nam?

Marti17
Member
Marti17

That depends on what the definition of “served” is.

Alicia
Guest
Alicia

god will sort it out.sarc

Marti17
Member
Marti17

You’re more right than most!

Anonymous
Guest
Anonymous

If only he would run in 2012 !!

( I think he’d be the youngest president in history )

Anonymous
Guest
Anonymous

Kerry just wanted to slap Rubio around a bit, try to throw him off his game. Kerry has been there so long that he has real responsibility for this debt, built up over years of overspending, so how can he go after someone that has a plan, when Kerry himself clearly has nothing to contribute, and no plan. And he, Kerry, thought he was qualified to be the POTUS. HA !

Maroon Republic
Guest
Maroon Republic

Out freaking standing!

Bman
Member
Bman

This is a serious question. I was under the impression that if we didn’t raise the debt ceiling we could still pay the interest on the loans and the military as well as social security and medicare. Then it would be a matter of cutting out all the garbage spending else where. Why do we automaticly default? ( why not cancel DEA,NEA,fire everyone hired by the gov since O took office etc?)

Persephone
Member
Persephone

You’re right, Bmark…we don’t have to ‘automatically default’.

That’s the core of all this.
It is a battle over spending priorities.

As you mentioned, there is a lot of non-essential garbage spending going on.
It could all be slashed to the bone.
And most of the American public would not suffer or even notice that that non-essential spending had even ceased.

Obama seems to be terrified that the American people will see that the Govt could get along just fine with a lot less money.

That is why he is having hissy fits and making threats about cutting off checks to grandma and to our troops.
Those checks are on auto-issue too!
It would take a deliberate Presidential Order to make them stop going out.

stillgoing
Member
stillgoing

WOW, that was great, so concise, and filled to the brim!

Jeff Reeder
Guest
Jeff Reeder

Correct, also most people don’t know this but a check issued by the federal government of the USA is the same as cash. Yep, even if a bank (with a federal charter) suspects that the funds are not available, they must cash it.

KenInMontana
Member
KenInMontana

+1,000,000,000,000.99

Persephone
Member
Persephone

…Or worse.
We still don’t know what the net numbers are going to be.

Toni w
Guest
Toni w

AMEN…sister? – Been saying that all week long to anyone who gives me an opening. I’m so sick of this whole thing – but I will stop here because when I get going, I start spewing and that isn’t always a good thing.

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