Here is a new ad by GOP Rep. Paul Ryan called, “America Deserves a Better Path.” He bluntly warns America of the looming debt crisis – and the fact that our current President, and too many in Congress, know it is coming and don’t want to do anything about it.
Republicans need to run ads like this this Fall, leading up to the November Election.
Here is video of NBC’s Chuck Todd describing the contours of the compromise deal being worked out right now between President Obama and Congressional Leaders to raise the U.S. Debt Ceiling.
Todd says the deal is “very, very close,” but not yet done. The problem could be getting Democrats on board, even more than Republicans. Todd said they are talking about “only cuts” – which is not setting well with Democrats, who wanted tax increases as part of a deal. Todd said Republican leaders believe they can get around 180 GOP votes in the House, meaning they would need only around 40 Democrats to approve it in the Senate.
Some kind of very short-term (a few days) extension is possible first, while the final details of this deal get hammered out.
Via a Powerline contest, here is a song that tells the truth, that in the end of all this “Debt-Ceiling” madness – “You’re Gonna Pay, cause someone’s got to.”
Here is video of Patricia Powell, founder and CEO of the Powell Financial Group, appearing on Fox News today, where she advised Americans to have cash on hand in the event there is no deal on the Debt Limit by August 2. Powell suggested people should have “$1,000” in cash, because there is an outside chance people could have trouble accessing their credit.
“For most of us, if we had $1,000 in bills in our drawer, we would be fine. I don’t expect you’re going to need them. But you know what? If you need them, it’d be nice to have.”
Here is video of Speaker of the House John Boehner responding to President Obama’s continued calls for a deal on raising the nation’s Debt Limit that includes tax increases. Boehner made it clear that Republicans will agree to no deal that includes raising taxes on Americans.
Congressional Leaders and President Obama will meet again tomorrow for Debt-Limit Talks after a 75-minute meeting today at the White House – characterized as “testy” – failed to produce any kind of agreement. It appears, at least for now, that GOP Leaders are holding the line on no tax increases against all the efforts of Obama and the Democrats to push for higher taxes. President Obama will also reportedly speak to the Press tomorrow morning. It will be interesting to see what kind of approach he takes. My guess he is likely to demonize the Republicans to put pressure on them to accept his deal:
POLITICO: After a testy 75-minute meeting Sunday, President Barack Obama and congressional leaders agreed to continue their budget negotiations Monday.
The president also will hold a press conference Monday morning, the White House announced at the conclusion of the meeting.
Obama urged the group to work toward a large-scale package for reducing the deficit rather than the smaller one favored by Republicans. But House Majority Leader Eric Cantor (R-Va.), who appeared to be speaking for the Republicans, argued that any plans to raise new tax revenue needed to be offset by corresponding spending cuts, according to multiple sources briefed on the meeting.
The meeting, which featured several sharp and frustrated exchanges, broke without settling anything other than negotiators’ plans for their next meeting, the sources said. . . . Read More
GOP Rep. Paul Ryan has used Twitter to challenge President Barack Obama to a debate on how to deal with the debt crisis facing the nation:
Anyone think Obama will be willing to do so?
Here is video of GOP Rep. Ron Paul, who says there is only a “1 in 10” chance we can now avoid a “cataclysmic crisis” with the U.S. Dollar as a result of the massive debt the nation now has. Paul said things are “much worse” than almost anyone realizes, and efforts to cut spending that are being talked about are really only “peanuts” when compared to the size of the massive debt we now face.