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Dick Durbin: Gang of Six debt deal will not pass before August 2

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PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 05:58 PM
Original message
Dick Durbin: Gang of Six debt deal will not pass before August 2
Source: The State Column

Key Senate Democrats responded Tuesday to a proposed plan aimed at raising the nation’s $14.3 trillion debt limit, warning it will not pass Congress before an August 2 deadline.

Illinois U.S. Senator Dick Durbin warned Tuesday that a proposal put forth by the budget group has yet to be crafted and would requires weeks of political maneuvering before a vote could be held.

“The Gang of Six plan has not been drafted nor has it been scored by the Congressional Budget Office — it’s not ready for prime time,” Mr. Durbin said. “But as a concept, I think we have the starting concepts together, and that’s what we presented today.”



Read more: http://www.thestatecolumn.com/articles/dick-durbin-gang-of-six-debt-deal-will-not-be-done-by-august-2/
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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 06:02 PM
Response to Original message
1. Mr. Durbin is Disgracing Himself, Sir
What has been presented today is absolutely unacceptable.
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KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:20 PM
Response to Reply #1
6. WTF? He just said it isn't happening.
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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:30 PM
Response to Reply #6
7. He Should Be Denouncing It, Ma'am: It is Not Enough It May Not Happen
Small state cretins like Conrad, and southerners like Warner are one thing; one expects pusillanimity from such: Mr. Durbin is a Senator from Illinois, and had damned well better act like one..
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KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:31 PM
Response to Reply #7
8. Why denounce it outright when you want to keep them (Republicans) occupied?
Edited on Tue Jul-19-11 07:32 PM by KittyWampus
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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:37 PM
Response to Reply #8
9. People Have To Know Where You Stand, Ma'am
This plan is nothing but one more attempt to finalize the looting of the Social Security Trust Fund, and make the regressive pay-roll tax into the principal funding mechanism for spending on war, and giveaways to big business.
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eilen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-11 04:47 AM
Response to Reply #6
16. No, he didn't. He said it would not happen quickly. nt
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:44 PM
Response to Reply #1
10. what would paul simon do?....
i think he would be shocked at what students have become.
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SSDA Donating Member (131 posts) Send PM | Profile | Ignore Tue Jul-19-11 08:15 PM
Response to Reply #1
13. Agreed
How Obama can think he can sell this is beyond me.

No mention of the wars, no mention of the 900 bases all over the place, no mention of nafta , no mention of the fraud at the pentagon, etc.

Screw this crap.
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Fearless Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 06:06 PM
Response to Original message
2. If these tax cuts for the weathy EVER pass while simultaneously slashing SS...
We will be fucked.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Tue Jul-19-11 08:16 PM
Response to Reply #2
14. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
JJW Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 06:15 PM
Response to Original message
3. Durbin looking to spend time in jail
Power corrupts absolutely. So it will come to pass that the Dems will need to spend more time in the basement or plantation as Hillary referred to it. And the war profiteers and criminals on Wall St will rejoice.
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dbonds Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 06:33 PM
Response to Original message
4. Post like this is hard to decide to rec or unrec...
I want more people to see this so they can know what is up, but I don't want it to seem like I agree with it in any way.
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soryang Donating Member (642 posts) Send PM | Profile | Ignore Tue Jul-19-11 06:59 PM
Response to Original message
5. The President said he was gratified that Democratic Senators
...showed they were ready to "seriously consider entitlement cuts."
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:46 PM
Response to Reply #5
11. Is there a link
for that comment?
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PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 08:04 PM
Response to Reply #11
12. Here is the ~ 7 minute press statement...
Edited on Tue Jul-19-11 08:24 PM by PoliticAverse
video: http://www.youtube.com/watch?v=BrPCrJ-zBFA
transcript: http://blogs.courier-journal.com/politics/2011/07/19/obama-reports-some-progress-in-debt-ceiling-talks/

I didn't hear that exact quoted line. The closest is:

"And so, for us to see Democratic senators acknowledge that we’ve got to deal with our long-term debt problems that arise out of our
various entitlement programs, and for Republican senators to acknowledge that revenues will have to be part of a balanced package that
makes sure that nobody is disproportionately hurt from us making progress on the debt and deficits I think is a very significant step."
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 08:29 PM
Response to Reply #12
15. I feel ill
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-11 04:58 AM
Response to Original message
17. so it sounds like the McConnel deal is the only deal possible now given the time constraints.
or perhaps maybe the nuclear option where Obama admin simply ignores the debt ceiling and continues business as usual.
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PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-11 09:57 AM
Response to Reply #17
18. It does sound like the Reid-McConnell deal is the only one that can be completed by Aug. 2.
But they are still working on that deal too and may incorporate some things from the 'gang of 6' plan:

http://imarketnews.com/?q=node/33987
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