It was a long night… hopefully today ends it all…
They decided last night and the Senate took a late vote… now it’s up to the House. The new Debt bill is not very strong on Democratic points and overburdened with Republican points (although it is House Republicans who can possibly kill it today) and we are hearing comments from all sides:
“Real spending cuts. No tax hike. Gang of Six said it could not be done. 1982, 1990 are now bad memories we learned from. Onward.”
“The compromise we have agreed to is remarkable for a number of reasons, not only because of what it does, but because of what it prevents.”
“This is an important moment for our country. I can say with a high degree of confidence that there is a framework in place to assure a significant degree of cuts to Washington spending.”
“Is this the deal I would have preferred? No. But this compromise does make a serious down payment on the deficit reduction we need.”
“Now listen, this isn’t the greatest deal in the world. But it shows how much we’ve changed the terms of the debate in this town.”
Posted on August 1, 2011, in Announcement, budget, Congress, Economics, Finance, government, history, Labor, Legal, News, Opinion, Politics, President Obama, quote, Taxes, vote, Word from Bill and tagged Barack Obama, Democratic Party (United States), Grover Norquist, Harry Reid, John Boehner, Mitch McConnell, Republican, Senate. Bookmark the permalink. Comments Off on It was a long night… hopefully today ends it all….