Debt Deal Reached Between House/Senate Leaders, Now Come the Votes … Obama Sprints to Podium to Hold Press Conference As If He were Involved

Tonight there appears to have been a Debt ceiling deal met between the Republican and Democrat leadership of the House and the US Senate. Interestingly enough, Barack Obama rushed to the podium and in front of the cameras to announce the deal as if he had anything to do with it.

I would be really interested to see if the credit agencies buy this sausage that was created as a legitimate form of debt reform. On Friday Moody’s said that neither the Boehner or Reid plan was adequate. Why would they think this compromise is? Wasn’t the point of this supposed to be that we not get downgraded and pay the bills? How can anyone really call this a success?

Also, Obama stated that he would be driving for tax increases in the future. Obama said that the rich need to pay their fair share of taxes. Are we or are we not going to raise taxes in the face of another possible recession? Just curious Barack, what about the 50% of individuals in the US who pay no taxes, are they going to pay their fair share to?

A bipartisan committee of House and Senators will meet later in the year and report back to Obama in November to suggest new solutions which may include tax hikes. Who really believes that in such a toxic environment that any such thing can be accomplished?

Overall, it would appear that Republicans and especially the TEA PARTY have won a major victory in the debt ceiling debate. However, this is far from over and just the beginning. For too many years the culture in DC has been to blindly tax and spend the people’s money without consequence. I agree with the Astute Blogger as they astutely stated, “LET’S DECLARE VICTORY (one the left hates even more for!) AND MOVE FORWARD TOGETHER TO EVEN BIGGER AND BETTER WINS.”

Please remember, it was not too long ago that Obama wanted a clean bill to raise the debt limit and give him a blank check.

Look for this to be the number two issue after jobs in the 2012 elections. Make no mistake about it … GREECE IS THE WORD, the United States need a Balanced Budget Amendment.

Make no mistake about it, the 2012 elections will decide whether the United States gets back to exceptionalism or whether we become Greece. With only having control of the House, the GOP managed to control the debt debate and shift it to the right … the GOP will need the Senate and Presidency to control really paying down the debt.

UPDATE I: Durbin: Debt Deal Will Be The Death Of Keynesian Economics … well let’s hope so.

UPDATE II: So does this mean the USA loses its AAA rating? How does this compromise even come close to what the rating agencies wanted?

UPDATE III: Speaker Boehner’s Talking Points to the GOP.

TWO-STEP APPROACH TO
HOLD PRESIDENT OBAMA ACCOUNTABLE
Emerging framework has three main features:
(1) cuts government spending more than it increases the debt limit;
(2) implements spending caps to restrain future spending;
(3) advances the cause of a Balanced Budget Amendment
Framework accomplishes this without tax hikes, which would
destroy jobs, while preventing a job-killing national default.

UPDATE IV: LIVE COVERAGE at Business Insiders: DEBT DEAL REACHED

TEA PARTY Already Has WON & Why Establishment GOP’ers Must Go … Senator Jon Kyl (AZ-R) Says Tea Party Republicans Remind Me a Lot of Senator Obama Who Was Also Refused to Raise Debt Limit

Tea Party like Obama … How out of touch are some Republicans and ever wonder why we have a government that spends our money with complete disregard?

Ever wonder why the debt, the economy and the jobs situation ever got to a place where we find it today? Its not just because of liberals and Progressives  like Obama, Pelosi and Reid, they cannot help themselves … the blame also falls on establishment Republicans like Jon Kyl and RINO’s who have aided in the “look the other way”, out of control spending and raising debt limits without issue. How many times were these people going to raise the debt limit with complete disregard? Imagine running your household budget by the answer being, lets just put more on the credit card.

It is obvious that establishment Republicans must go, either by retirement or voted out of office. This could never have been more evident than the comment this morning of FOX NEWS SUNDAY whey Kyl said, “Tea Party Republicans remind me a lot of Senator Barack Obama who also refused to raise the debt limit.” WHAT???!!! Are you serious Senator? As the Gateway Pundit reminds us, it was not just Obama who voted against raising the debt limit under GWB, it was most of the Democrat party. They did not vote against raising the debt limit out of principle, they did so because they were going to vote against Bush at all cost. Get real.

A note to establishment Republicans and RINO’s, make no mistake about it, it was the TEA PARTY who made it possible that the GOP even has control of the US House of Representatives and made the margin in the US Senate much closer. The Tea Party revolution that took place during the 2010 midterm elections had nothing to do with the RINO’s and tired GOP Party. You just happened to be the beneficiaries.

Also, the TEA PARTY has already won the DEBT CEILING debate for if Barack Obama, Democrats and the useless progressives in the GOP had their way, Obama would have been given a blank check and clean bill that raised the debt ceiling. The TEA PARTY lead, while Obama stayed in the wings and tweeted. It was Barack Obama who stated from the outset that he wanted a clean bill to raise the debt ceiling.

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New Obama Political Tone … Minority Democrat Leader Nancy Pelosi Says GOP Speaker Boehner Went to the Dark Side

This must be more of that new tone in Washington DC that Barack Obama has been talking about.

In yet another example of that Obama new tone “Inside the Beltway,” House Democrat Minority leader Nancy Pelosi states that GOP House Speaker John Boehner has gone to the “Dark Side”.  Such comments will do wonders for getting an agreement in the debt ceiling debate.Rather interesting comments coming from the Sith Lord or is it the Wicked Witch of the West, Pelosi. Once again the Democrats bring out their old tired playbook, when losing the debate and being forced to give up liberal principles like raising taxes, hurl personal insults instead.

Right before the House voted to reject a Democratic debt-ceiling plan, Minority Leader Nancy Pelosi didn’t mince words.

Pelosi pulled out a Star Wars reference on the House floor, saying that Speaker John Boehner “chose to go to the dark side” and court the most conservative members of his conference, rather than work on a bipartisan compromise.

“It’s time for us to end this theater of the absurd,” she said. “It’s time for us to get real.”

Response to Obama’s Debt Limit Campaign Speech … Charles Krauthammer: “I Thought I Was Cynical Until I Heard Obama’s Speech”

The Barack Obama debt ceiling speech … At a time when leadership should have been the call of the day, instead President Obama used the prime time audience to do a political speech blaming others as the buck stops elsewhere.

So what was the reaction to Obama’s speech? It was purely partisan and meant as a campaign speech pandering to Independents with poll tested buzz words like balanced approach, compromise and even going so far as to make a comparison to Ronald Reagan. Charles Krauthammer went so far to say, I thought I was cynical until I heard that speech.” Do we really need a President who is going to make a prime time speech and just use poll tested words to pander and beg for support to a plan he does not even have?

Charles Krauthammer Nails Obama on what was a terrible, partisan speech

VIDEO Hat Tip: The Gateway Pundit

How comical and pathetic is it that Obama would say that Americans should not be made collateral damage when that is exactly what the Obama Administration has done for the last 2+ years.

Everyone, including those Independents who Obama was pandering to last night need to remember one little factoid, Obama originally wanted a clean debt limit increase with nothing attached. In other words, he wanted a blank check with no mention or caring for any decrease in the United State’s debt. That was reminded to all during Speaker Boehner’s rebuttal speech last night as he stated, “that ain’t going to happen”. The results of last nights competing speeches … BOEHNER 2 – OBAMA 0.

In the end, the debt limit debate will be decided by the American people in 2012.

Same Old Tired Obama Failed Talk … Barack Obama Blames Bush, Wars, Tax Cuts and Those Pesky Corporate Jets for Debt Problems

BARACK OBAMA … THE DIVIDER IN CHIEF. WHAT A SMALL, LITTLE MAN.

Prior to President Obama’s speech I was going to write a cynical post that said the following, why should anyone listen to Obama regarding the debt ceiling debate? He is just going to saying the same old, same old of blaming GWB and playing class warfare. But that would have been cynical.

GUESS WHAT … I was correct. Here is a synopsis pf Obama’s speech … GWB is to blame for the debt, blah, blah, blah, rich people are evil and need to have more of their tax money taken away even though 40-50% of Americans pay no taxes and have no skin in the game … blah, blah, blah … I am just like Ronald Regan … blah. blah. blah. Dude, first of all you are no Ronald Reagan. Second, how can this President not take any of the blame for the out of control spending and debt?

Here is the TEXT of Obama’s actual speech.

As the President repeatedly said the “B” word, balanced, as it was obviously poll tested as being worthy of being said 7+ times in an all but partisan and pandering speech. This was only outdone by Obama continually using the “C” word. Obama stated, “Americans are most fed up with a town where compromise has become a dirty word.”

But wait … BALANCED?  Did Obama just say that anything but a balanced approach was a Republican Congress and Tea Party thing? REALLY? Has Barack Obama been paying attention or was this speech written the other day? Is Obama saying that Democrat Senate Majority Leader Harry Reid’s proposal is garbage as well? Reid’s plan was all cuts and no tax increases. I guess Obama thinks Reid is a Tea Party member as well. Why would Obama support Reid’s plan, its not balanced in the least.

The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a different approach — a cuts-only approach -– an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all.  And because nothing is asked of those at the top of the income scale, such an approach would close the deficit only with more severe cuts to programs we all care about –- cuts that place a greater burden on working families.

What a sad excuse for a President. Obama literally offered nothing new and played the same old games of blaming everyone else. Obama has no plan of his own and can only act as the “President of No”. It’s not very often that the opposition response is better than the initial speech. Tonight was the exception …