Historic Debt Deal Reached (Immigration issue should be handled in the same way).

Congressional leaders reach agreement to raise the debt ceiling

Republican and Democratic leaders have agreed on a plan to raise the debt ceiling, President Obama announced Sunday night.

The announcement arrives after months of intense closed-door negotiations, and just two days before the deadline set by the Treasury Department.

According to the details available, the agreement would slow the growth of government spending over the next decade by $2-$3 trillion and allow enough borrowing to put off another vote to raise the ceiling to 2013. About $1 trillion will be cut immediately, and the details of the remaining spending reductions will be handled by a bipartisan committee of 12 lawmakers from both chambers, who will recommend cuts for Congress to vote on. To appease the GOP's conservative wing, the deal would also require a vote in both chambers on an amendment to the Constitution requiring the federal government to balance its budget each year.

"I want to announce that the leaders of both parties, in both chambers, have reached an agreement that will reduce the deficit and avoid default--a default that would have had a devastating effect on our economy," Obama said. "Now, is this the deal I would have preferred? No. . . . But this compromise does make a serious down payment on the deficit reduction we need, and gives each party a strong incentive to get a balanced plan done before the end of the year."

House Speaker John Boehner held a conference call Sunday evening with House Republicans in which he urged them to support the package, declaring that the deal in place "meets our principles of smaller government."

"There is a framework in place that would cut spending by a larger amount than we raise the debt limit, and cap future spending to limit the growth of government," he said, according to a transcript provided by Boehner's office. "Now listen, this isn't the greatest deal in the world. But it shows how much we've changed the terms of the debate in this town."

With the approval of leaders of the House and Senate, and Tuesday's deadline looming, Congress must act quickly to convince enough members to seal the deal with a vote on Monday. The deal will require bipartisan support due to the opposition within factions of both parties.

Senate Minority Leader Mitch McConnell and Majority Leader Harry Reid will both present the deal to their caucus Monday at 11 a.m. with a vote expected afterward

http://news.yahoo.com/blogs/ticket/c...015244838.html

I posted this news because I think the President and Congress should hanle the immigration issue in the same way. If Congress and the President handled CIR or the DA and an enforcement strategy in the same way (negotiating until an agreement is reached), our suffering would end.

Tea party activists braced for disappointment as negotiations on the debt ceiling finally resulted in a deal Sunday, but sent a clear signal to congressional Republicans that they are in no mood to tolerate compromise and will seek retribution against anyone who has not fully supported their agenda

Read more: http://www.politico.com/news/stories...#ixzz1TkvG9ky8

LOL i hope the GOP destroys itself

"Immigration issue should be handled the same way"... LMFAO... good thing I was not drinking water.




I can't even begin to imagine the atrocity a CIR/DA compromise bill would be...

I haven't even been paying attention to this. Of course it will be raised, and of course everything will be cut except 'security' - or are we withdrawing? :/

There is nothing historic about this piece of shyt compromise. It was bound to happen. A compromise was reached because they had no other choice than to pass a bill to avoid this default. DA is dead.

Republicans are not stupid. They know they would have been blamed too for not raising the debt ceiling, but it was handled like this because there was a deadline they had to meet. They only came around at the 11th hour because they were holding out for more. For immigration reform there is no deadline (at least for them) they can hold us in this limbo indefinitely.

There will be NO immigration bill unless it is strictly an enforcement bill. It is not needed at all and there is no sense of urgency behind it. I don't see anything for the next 3-4 years. Obama ain't doing anything because it doesn't look like the Democrats are going to gain a house majority and filibuster proof senate majority. Frankly speaking I have no more hope in this country. Just waiting to get the hell outta here

I completely agree, im looking to go back to my home country by december of this year.

I am dying to go back to my country. My sister has just over a damn year left to graduate. I don't know if I'll be able to make it mentally for that long. I'm thinking about bailing and leaving by myself. I'm afraid I might go mentally insane or even die from a heart attack. Serious stuff this...not exaggerating one bit.