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So, there's a deal.
Author: Raine    Date: 08/01/2011 12:41:50

I'm still processing this one, to be quite honest. I'm not sure I am in the mood to try to win people over this morning regarding the deal, because I just don't know enough about it.

I perused this quick face sheet from WaPo. You should too. I refuse to become part of the outrage brigade that I am seeing all over so many social networking sights.

I will remind people of this, with regard to a "Clean Debt Ceiling" vote (especially for those that wanted it) we actually had one back in May.
From the beginning, the Obama White House wanted a "clean" hike to the debt ceiling... in other words, an increase not tied to any substantial spending reforms or cuts.

That dream just died.

In a largely symbolic vote, the clean hike failed 318-97.
We were told of this back in April. You can see that at that point, the White house released this information: FACT SHEET: The President's Framework for Shared Prosperity and Shared Fiscal Responsibility. I think it's important to compare it to the "Deal" that we are going to see voted on today: Fact Sheet: Bipartisan Debt Deal: A Win for the Economy and Budget Discipline -- and what is MOST important to me, is that there are NO Cuts to Social Security, Medicare and Medicaid. In other words: The Ryan Budget deal appears to be dead. The agreement that is out there now, looks eerily similar to the one the White House sought. Considering there is a Republican majority in the House, I'm surprised the end result isn't far worse.

I refuse to defend Obama on this -- nor will I sit here in outrage over this deal. We avoided a total Economic Failure of our nation. Everyone in Congress used this crisis for political advantage, and it looks like no one gained anything; they are all tarnished for it. We maintained the status quo. It's not a win, but the alternative was far more dire.

I WILL say that I am sick of the U.S. Congress constantly putting America in a state of crisis. In addition, what we are witnessing is the result of all those people who stayed at home in 2010 who were just hell-bent on showing THEM! They did a helluva job. Thanks. FWIW - Elections Matter.

and
Raine
 

74 comments (Latest Comment: 08/01/2011 23:17:37 by Scoopster)
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