Sunday, July 31, 2011

"New debt deal, negotiated with White House, "resembled" Boehner’s bill."

Joe Sudbay (AMERICAblog):
Everything has been on the GOP's terms in this debate, since the President pretty much adopted the GOP's debt/deficit talking points. MORE...
Howie P.S.: More on the deal from Bloomberg and the San Francisco Chronicle:
A compromise has appeared to hinge on guaranteeing a second round of spending cuts beyond the roughly $1 trillion in overlapping savings in Reid's plan and one by Boehner that the House, solely with Republican support, passed July 29. The second round of cuts most likely involve rewriting U.S. laws on entitlements and taxes, something the tentative framework would assign to the new joint congressional committee.

Such a mechanism is called a "trigger," and it would force the across-the-board spending cuts if Congress failed to approve the committee's recommendations. MORE...
And, finally, from "Welcome to Teapocalypse" (Mark Sumner-Daily Kos):
...somehow, a good fragment of people got into a position where their operating rules were: big business & billionaires=good, government & ordinary people=bad. How this happened isn't completely clear, though it's just possible the TV and radio channels that big business & billionaires set up expressly to flog this message 24/7/365.25 had something to do with it. In any case, it's an admirably simple bit of code. A brain running this program requires less power than a cell phone and still has room for the deluxe edition of Angry Birds. MORE...

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