Politics

Sen. Reid OKs GOP-Obama debt deal

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Paul Conner
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      Paul Conner

      Paul Conner is Deputy Editor with The Daily Caller. Previously, he was a contributing writer for four years with The Greenville News covering high school sports in Upstate South Carolina. A Palmetto State native, he is a graduate of North Greenville University.

The top Democrat in the Senate signaled support for a debt ceiling compromise being hammered out by President Barack Obama and Republican leaders.

Senate Majority Leader Harry Reid said his final support is contingent on his Democratic caucus. The Hill reports that Reid met with House Minority Leader Nancy Pelosi for over an hour and a half Sunday.

“Senator Reid has signed off on the debt-ceiling agreement pending caucus approval,” said Reid spokesman Adam Jentleson.

Reid’s support comes after he abandoned his own debt deal after claiming that Republicans were not willing to negotiate with him. In a Senate vote to end debate and advance his proposal, he voted against his own bill, clearly signaling he was setting his eyes on the bipartisan compromise being worked out between the White House and top Republicans.

Though the details of the bill have not been released in the form of a bill, the plan is widely reported to include raising the debt limit through 2012 in exchange for $3 trillion in spending cuts over ten years. (McConnell: ‘We’re very close’ on debt deal)

The first round of cuts would amount to $1 trillion, and a bipartisan committee would decide on the remainder of the cuts by Thanksgiving.

  • Rush Youngberg

    I wonder why Boehner, Cantor and McConnell are in bed with Obama and Reid.  Certainly, they know that they are going against the mandate of 2010.

    • Anonymous

      Let’s show them the door in 2012, 2014 and continue until these frauds have been completely removed from office. No matter what side one is a part of, we are not well served by the crop of folks now in office.

  • duane

    Amazing How Washington dose Business::
    We saw at the election of B.O. the Lie’s this man can tell the American People.
    The Tea Party started to tell the Administration along with the House & Senate what the American People wonted the Government to concentrate on ( Spending, Job’s, unemployment, America’s Diet)
    Again:: It’s the Tea Party that keeps their feet to the Fire. Mr Krauthammer said the Tea Party is the Winner..

    In this period of time the Tea Party Elected Representative are the only Leaders the floated to the top of the Milk. My Hope and prayers are that we continue the Tea Parties concentration on a Government for the people by the people so help us “GOD”

    If I could be so boiled to say::: PALIN & RUBIO

    P.S. I have joined the Arizona Tea Party, I’m getting into the fight for my Country..

  • jmk1502

    It’s a shame taxes couldn’t be raised on the wealthy to the point they were before the Dumbya tax cuts of 2001 and 2003. Remember those wonderful cuts? The ones that fattened the coffers of the wealthy and corporations by $3.8 trillion, but failed to produce any noticeable positive economic effect. As a matter of fact, in the period from 2001-2007, the country experienced the weakest period of job growth since WWII, household incomes declined for the first time on record, and the economy experienced its worst annual growth from 2001-2007 as measured by GDP. Now, most of the right-wing propoganda Bush apologists/revisionists get understandably upset when facts like these are cited - ”Bush isn’t President anymore! You can’t blame Bush anymore!” etc. –  but facts are facts. The wealthy don’t create jobs with the money they get from lower taxes; they use it to make themselves more wealthy. Nothing wrong with that of course, but it’s an outright lie to claim something different.

  • unclereggie

    Oh goody, goody. Grandpa came out of the mist of dementia and gave a thumbs up. I am surprised that he was able to extract it from his behind first.

  • Supertad108

    Once again we’ve been sold out.

    • virginiagentleman

      Agreed supertad! We’ve been sold out, the military takes huge hits in their budgets, and the unabated rape of the taxpayer by our masters continues.

  • PalinPatriot4ever

    Please.. this is a lot of what is called lip service, gimmicks, smoke and mirrors, etc.. Obama spends 1.3 Trillion a year, all by himself, and they are proposing 900 Billion in cuts over 10 years, and then a committee, cut another 1.8 Trillion over another 10 years, which is another way of saying – “never going to happen”- is a just the same old standard political BS maneuvering..

    All this might do, is slow down the massive monetary hemorrhaging,- and US National Debt accumulation, at least until the Nov. 2012 Election.

    The only way we are going to fix this massive insane US National Debt from spiraling into bankruptcy oblivion, from massive govt. fiscal and financial mismanagement and irresponsibility, is to remove that Anti-American Liberal Socialist-Marxist Obama, and the rest of his Liberal Socialist-Marxist Obamacrats, from Majority rule in the US Senate, on 6 Nov. 2012, or face eternal Fiscal and Financial destruction and eventual Bankruptcy, resulting in massive hyper-inflation, thus worthless currency notes.. We must remove the obstacles that are preventing the problems from being fixed, period.!!

  • PalinPatriot4ever

    Please.. this is a lot of what is called lip service, gimmicks, smoke and mirrors, etc.. Obama spends 1.3 Trillion a year, all by himself, and they are proposing 800 Billion in cuts over 10 years, and then a committee, cut another 1.8 Trillion over another 10 years, which is another way of saying – “never going to happen”- is a just the same old standard political BS maneuvering..

    All this might do, is slow down the massive monetary hemorrhaging,- and US National Debt accumulation, at least until the Nov. 2012 Election.

    The only way we are going to fix this massive insane US National Debt from spiraling into bankruptcy oblivion, from massive govt. fiscal and financial mismanagement and irresponsibility, is to remove that Anti-American Liberal Socialist-Marxist Obama, and the rest of his Liberal Socialist-Marxist Obamacrats, from Majority rule in the US Senate, on 6 Nov. 2012, or face eternal Fiscal and Financial destruction and eventual Bankruptcy, resulting in massive hyper-inflation, thus worthless currency notes..

    We must remove these obstacles, aka. Obama and the Senate Majority.. that are preventing the problems from being fixed, period.!!

  • mkurbo

    They sold us out ! Cut $5 Trillion now, not by damn committee. You guys in DC don’t get it !!!

    No more spending – period ! Or we are going to take our damn country back…

  • octavian61

    In my opinion, this guarantees that we will have Obama for another four years. The Tea Party, which started from true humble beginnings, is now officially out of business, thanks not to the media or the liberals or Obama. The thanks falls squarely on the shoulders of McConnell, Boehner and the countryclub Republicans who saw the TeaParty as a niusance and a danger to their control and pocketbooks. This generation of Congressmen and women in power, including the Executive branch, is the most corrupt, degenerate,depraved,flagitious, miscreant, nefarious, perverse, rotten, unhealthy, villainous, crooked, devious, shadowy, baneful, deleterious, detrimental, noxious, pernicious, infamous, vile, dihonest,venal, mercenary, praetorian, unethical, unprincipled, animalized, bastardized, beastialized, debased, perverted, stained, warped, buyable bunch of humans that have ever run ANY empire or country in all of history, from when we were swinging from the trees of the Garden of Eden,’till now.

  • robjh1

    Who won: President Obama, The Democrats, The Republicans, The Tea Party, Michelle Bachmann, John Boehner, The American People, Wall Street? One thing for sure…they are all to blame.
    “and we are not saved…”