PostHeaderIcon Here Is What “Compromise” Reached In A Cesspool Looks Like…

Quotes from a Reuters article with embedded comments by me (IN CAPS)…

(Reuters) – President Barack Obama announced on Sunday that Republican and Democratic leaders had agreed on a last-ditch deal to raise the U.S. borrowing limit and avoid a catastrophic default, and he urged lawmakers to “do the right thing” and approve the agreement.

→ ONCE AGAIN, FAILURE TO RAISE DEBT CEILING = AUTOMATIC DEFAULT – THE CENTRAL LIE IN THIS WHOLE FANTASY.

Here is a summary of the deal, based on documents provided by both parties, as well as interviews with lawmakers and aides:

* The deal would allow President Barack Obama to raise the debt ceiling in three steps. Congress would get a chance to register its disapproval on two of these, but would not be able to block them unless it musters a two-thirds vote in both the House and the Senate — an unlikely prospect.

→ IN OTHER WORDS, THE PRESIDENT CAN RAISE THE DEBT CEILING 3 MORE TIMES WHETHER WE LIKE IT OR NOT.

* It envisions spending cuts of roughly $2.4 trillion over 10 years, which Congress would approve in two steps — an initial $917 billion when the deal passes Congress and another $1.5 trillion by the end of the year.

→ “ENVISIONS”? IS THIS NOT SYNONYMOUS WITH IMAGINARY?

* The first group of spending cuts would apply to the discretionary programs that Congress approves annually, covering everything from the military to food inspection.

→ LACKING ANY SPECIFICS, THIS STATEMENT SAYS NOTHING WHATEVER!

* Those programs would be capped each year for 10 years. The caps would be relatively modest at first to avoid stifling the shaky economy — spending for the fiscal year that begins October 1 would be only $6 billion below the current level of $1.049 trillion. The caps would have a greater impact in later years, when it is hoped that the economy will have recovered.

→ “CAPPED” BY WHAT LAW? WE ALL KNOW THAT, WITHOUT A CHANGE TO THE CONSTITUTION, NO SESSION OF CONGRESS CAN COMMIT A FUTURE SESSION TO ANYTHING. TO BOOT, THE STATEMENT IS A GRAND COLLECTION OF “WEASEL WORDS”. SPENDING NEXT FISCAL YEAR TO BE CUT $6 BILLION? THAT IS A ROUNDING ERROR ON THE CURRENT SPENDING LEVEL AND A TESTAMENT TO THEIR CONTEMPT FOR THE AMERICAN PEOPLE.

* Some $350 billion of the $917 billion total would come from defense and other security programs which now account for more than half of all discretionary spending. Republicans are resisting this idea and it is one of the few areas of dispute left.

→ NICE IDEA THAT WE KNOW WILL NEVER HAPPEN IN THE REAL WORLD.

* Automatic across-the-board spending cuts would kick in if Congress does not observe the caps in coming years.

→ AGAIN, BASED ON WHAT LAW? ANOTHER ATTEMPT TO DO THE IMPOSSIBLE AND BIND FUTURE SESSIONS OF CONGRESS.

* A 12-member congressional committee, made up equally of Republicans and Democrats from each chamber, would be tasked with finding a further $1.5 trillion in budget savings.

→ HOW WOULD THIS BE DIFFERENT FROM THE SIMPSON – BOWLES COMMISSION THAT SPENT MILLIONS OF OUR DOLLARS COMING UP WITH RECOMMENDATIONS THAT WERE TOTALLY IGNORED? HOW MANY TIMES ARE WE TO BE TAKEN IN BY THE SAME TRICK?

* That committee could find savings from an overhaul of the tax code and restructuring benefit programs like Medicare — the politically risky decisions that lawmakers have not been able to agree on so far.

→ THAT COMMITTEE COULD DO MOST ANYTHING BUT THE BEST BET IS THAT THEY WILL DO NOTHING MEANINGFUL.

* The committee would have to complete its work by November 23. Congress would have an up-or-down vote, with no modifications, on the committee’s recommendations by December 23.

→ OR NOT.

* If the committee cannot agree on at least $1.2 trillion in savings, or Congress rejects its findings, automatic spending cuts totaling that amount would kick in starting in 2013.

→ AGAIN, BASED ON WHAT LAW? YET ANOTHER ATTEMPT TO DO THE IMPOSSIBLE AND BIND FUTURE SESSIONS OF CONGRESS.

* Those cuts would fall equally on domestic and military programs. Medicare would face automatic cuts as well, but Social Security, Medicaid, federal employee pay, and benefits for veterans and the poor would be exempt.

→ IN A WORD, NO CUTS WHATEVER FOR THE LOOTERS IN OUR SOCIETY.

* The plan also calls for both the House and the Senate to vote on a balanced budget amendment to the Constitution by the end of the year. It is not likely to receive the two-thirds vote in each chamber needed for passage, but its inclusion will make it easier for conservatives to back the overall deal.

→ VOTE ON BUT NOT PASS. EXACTLY WHAT IS THIS EXPECTED TO ACCOMPLISH OTHER THAN PROVIDE ANOTHER STAGE FOR POLITICAL THEATER?

(Reporting by Andy Sullivan; editing by Christopher Wilson; TRUE ANALYSIS BY TROY L ROBINSON)

→ FINALLY, NARY A WORD CONCERNING THE FEDERAL RESERVE SYSTEM THAT IS THE ROOT CAUSE OF ALL OF THIS. NO AUDIT OR OTHER CHANGE TO THE FED = NO MEANINGFUL CHANGE AT ALL!!!!!

SELLOUT

Troy L Robinson

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