ABC News has learned that Republicans and the White House have struck a tentative deal to raise the debt ceiling before the Aug. 2 deadline. It’s not done yet, but here is the framework of the tentative deal they have worked out, according to a source familiar with the negotiations:
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. (emphasis added)
Do you notice anything funny about it? Well, let me tell you.
The spending authority goes UP by about $400 billion. I thought we were arguing about the debt. It appears now that our dear leaders are upping the ante. How in the world can any Conservative vote for this crap. Short answer? Conservatives won't, but I bet you a lot of "blue dog" Democrats vote with Boehner's lemmings to pass this nonsense.
It is time to walk away. Just walk away. Call Brett Guthrie @202-225-3501. Instruct him in the payoff for betrayal on this crap sandwich.
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