Sunday, July 31, 2011
![Re: [ABITO] Abiti da sposa che](http://simobre.files.wordpress.com/2010/12/abito-sposa-maglia-2.jpg "Re: [ABITO] Abiti da sposa che")
New York Times Slurs Republicans as 'Hostage-Taking Extremists'
It's no mystery where the Times' editorial board gets such language. The progressive blogosphere has long been awash in beyond-the-pale attacks on principled conservatives. And the tone has taken a desperate turn of late. Government spending is out of control and leftist elites called for more of the same as an ostensible solution. The White House never offered an original plan and Senate Democrats played obstruction until the last moment. As I noted previously, elections have consequences. The GOP deserves credit for sticking to the political currents that brought them majority power last year in the House of Representatives. There's still a long way to go on the road to reform, and progressives are suffocating at the prospects of more good government rationalization. And reading this is like hearing the tormented screams of the demon being impaled. It's excruciating when your expansionist agenda is decisively crushed. But with luck it's just a start:
There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all. The deal would avert a catastrophic government default, immediately and probably through the end of 2012. The rest of it is a nearly complete capitulation to the hostage-taking demands of Republican extremists. It will hurt programs for the middle class and poor, and hinder an economic recovery.
It is not yet set in stone, and there may still be time to make it better. But in the end, most Democrats will have no choice but to swallow their fury, accept the deal and, we hope, fight harder the next time.
VIDEO: President Obama Announces Debt Agreement
Here's the clip, as promised:
And at Wall Street Journal, "Leaders Agree on Debt Deal":
After weeks of partisan wrangling, President Barack Obama and congressional leaders reached a deal Sunday night to raise the government's debt ceiling while cutting spending by about $2.4 trillion, avoiding a government default but setting the stage for months more of stormy debates over how Washington taxes and spends.Also, "White House Issues Fact Sheet on Debt Deal."
The Senate and House are expected to vote on the deal Monday, so the agreement still needs the support of many House Republicans, who have proven a restless, independent group in recent days. But if it passes the House and Senate, it culminates an extraordinary display of political and economic brinksmanship, coming just days before the government could have been unable to fully pay its bills.
The deal would raise the debt ceiling by $2.4 trillion in two stages, and provide initially for $917 billion in spending cuts over 10 years. A special committee of lawmakers would be charged with finding another $1.5 trillion in deficit reduction, which could come through a tax overhaul and changes to safety-net programs.
If the committee doesn't find at least $1.2 trillion in savings, or Congress doesn't adopt its proposals, a pre-set array of spending cuts would kick in, including cuts in military spending and Medicare payments to health-care providers.
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