July 24, 2011

PASS HARRY'S PLAN:

No debt deal in sight, parties go separate ways (JAKE SHERMAN & MANU RAJU & JOHN BRESNAHAN, 7/24/11, Politico)

Senate Majority Leader Harry Reid (D-Nev.) began to draft his own legislation Sunday that would slash at least $2.5 trillion to match an extension of the nation's borrowing limit through the 2012 election, leadership aides said. [...]

Senior Democratic officials said Reid's new effort is an attempt to meet their bottom-line demand to extend the debt ceiling through 2012, while meeting Boehner's demand that any increase in the borrowing limit is matched by an equal number of spending cuts.


Sometimes you just have to accept that you've won.


Posted by at July 24, 2011 5:47 PM
  

blog comments powered by Disqus
« | Main | THE OLD WHITE FOLKS WANT THEIR WELFARE CHECKS: »