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Obama, leaders reach agreement on debt deal to prevent default

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  • BobP Port Alice, B.C.
    July 31, 2011 10:25 a.m.

    Letting Obama off the hook for the next election is a serious mistake.

  • mohokat Ogden, UT
    July 31, 2011 10:41 a.m.

    White House and congressional negotiators sought to reassure the nation that they would beat a Tuesday deadline for averting the first federal default in history. But as Congress prepared to convene for a rare Sunday session, a final deal to raise the debt ceiling and reduce the deficit remained elusive.

    Well we do not know who the negotiators are but we know who the White House is and this is a total lie. Tuesday is not D day and there would be no default!There is more than enough tax money coming in to pay the interest on the notes that the Country owes along with other things like S.S., medicare, military, etc.Treasury has said many times that they could extend this so called D day.
    Do not trust the Government especially The Great Pretender. By the was has anybody read Obamas debt reduction plan. Would you please send it to me or provide a link for us to read it. Please step forward.

  • Oatmeal Woods Cross, UT
    July 31, 2011 10:48 a.m.

    Senator McConnell, this Utah Democrat thanks you for your rationality and statesmanship.

  • Fred44 Salt Lake City, Utah
    July 31, 2011 10:50 a.m.

    Good job Senate Democrats for bringing some sense to this debate and showing the tea party crowd what the art of compromise looks like. Hopefully the house can bring enough dem's into this bill to make the tea party extremists irrelevant and we can get about the countries business. The problem still is without revenue increases somewhere there will have to be large cuts to social security, medicaid, medicare and defense. Somebody is sooner than later is going to have to find the courage to deal with those items.

  • byronbca Salt Lake City, UT
    July 31, 2011 10:57 a.m.

    It's good that we are starting to see some progress on this very serious issue, defaulting would mean that every American loses.

    Re BobP: What do you suggest republicans do? Sabotage our economy so a republican has a better shot at winning the presidency?

  • greenman108 Petaluma, CA
    July 31, 2011 11:01 a.m.

    This mess reflects poorly on those House members who align with the tea folk.

    I predict the House returns to the Dems for 2012. By a lot.

  • peter Alpine, UT
    July 31, 2011 11:07 a.m.

    For decades, politicians have created this quagmire of endless, irresponsible spending that will ultimately dissolve the rights and liberties of this once upon a time free nation. We must rescind most federal powers and give it back to the individual States and people of their States. There is no other way. Both parties in Washington are drunken with power and have lost sight of the vision of liberty for the States and people. Who currently is running for President based on this principle? He/she should receive every free thinking individual's support this coming election.

  • Hellooo Salt Lake City, UT
    July 31, 2011 11:11 a.m.

    Here is the big descrepancy that is just not being truthfully reported: "Republicans and their tea party supporters would get spending cuts at least as large as the amount the debt ceiling". There are no current cuts, nor any baseline budget cuts, and most of the cuts are in the last 4 years of the decade. Basically, the spending continues as is. Why are "millions of Americans concerned about raising the debt limit" as opposed to the rising public debt? Because the PR maching out of Washington has the issued focused on this wrong target. The debt is what will impact Americans, their children and the country the most. And, nothing in the discussion of either party or the administration are about lowering this tremendous burden that is taking 20% of funds from the elderly, poor, middle class, businesses, but most of all the young.

  • BobP Port Alice, B.C.
    July 31, 2011 11:13 a.m.

    byronpca:

    The worst result would be another 4 years of an arrogant socialist as president.

    Letting the default happen would not do any harm that has not already been done. It would let the US stiff the Chinese for about 2 trillion.

  • William Blanding, UT
    July 31, 2011 11:27 a.m.

    Fred44 I dont understand your post. You slam the tea party then say sometime someone is going to have to find the courage to deal with the issues...it seems to me that is what they are doing. Compromise and courage cant co-coexsist in government. Go back in history some 3/5 compromise, Missourri compromise....result Civil War. Compromise is not the answer, it has to be one way or the other.

  • AK Cougar Palmer, AK
    July 31, 2011 11:33 a.m.

    Peter, you said it right. The states need to resume the powers of being a state and quit looking to Washington and the Fed to give them money. Your state does not need Fed money. Your state needs to develop some of its resources and put people to work which will make your state's treasury full and overflowing with funds which in turn will be used to do the work of state goverment. They Fed has no power over the state if/when the state turns down the Fed money. It is time for the state of Utah to claim its rights back.

    The only way for the Fed to quit spending is to have the States quit demanding more and more Fed money. Too many in Washington are tryign to be the savior and bring home the bacon the home state. Only time will tell if the sate is willing to govern or be governed.

  • Rifleman Salt Lake City, Utah
    July 31, 2011 12:33 p.m.

    The drama is breath taking!! Will they be able to pull this deal off as the clock ticks down? Will they be able to pull the US back from the brink of disaster?

    Meantime the participants order pizza as they think about where they're going to go on vacation.

  • byronbca Salt Lake City, UT
    July 31, 2011 1:45 p.m.

    Re BobP:

    So that was a yes, you would rather have America fail then see a Democrat as president. As someone who lost his job as a direct result of the recession I hope America does well so I can keep my current job, regardless of who is president.

  • Well Read SALT LAKE CITY, UT
    July 31, 2011 2:06 p.m.

    It is very clear that without the T Party we would have had a deal already. Obama and Boehner were close to a huge deal until the T Party pulled the plug. Proving they were not really interested in a budget cutting deal. They were and are in a state or revolt. They are at war with the Democratic President and the Democratic party. They want to cut all the safety net programs as in Social security, Medicare, and Medicaid totally out of the budget. Think of the money they could then give to the large corporations and their rich friends.

  • MormonConservative A Tropical Paradise USA, FL
    July 31, 2011 2:18 p.m.

    They have no inkling of the forces they are about to unleash if they stop VA, Social Security Disability Benefits and Social Security checks. How can you succeed unless you stop big corporations from escaping their fair share of taxes by manipulating foreign jurisdictions against our tax laws, for example, or by letting trillions of dollars of speculation on Wall Street go without any sales tax, while you pay six, seven or eight percent sales tax on the necessities you buy in stores?. Military troops around the world are wondering whether the debt situation will affect their paychecks. Our nation's top two military leaders recently responded to the question, "Will we get paid?." In similar news, Defense Secretary Leon Panetta has reminded troops that they are still obligated to work. Thousands of military families, including the families of deployed service members, live paycheck-to-paycheck and late pay will create very real disasters for these families. That's the "Paycheck Chronicles." Will our Medicare, Medicaid also stop?. Money can't buy happiness, but it sure makes misery easier to live with.

  • homebrew South Jordan, UT
    July 31, 2011 2:27 p.m.

    The tea party is disasterous for our nation. Compromise isnt even considered. Our congress is at a stalemate. They cannot do anything. Republicans were voted back in power in the house in 2010, because they convinced america that the economy wasnt recovering fast enough. That jobs neede to be created. What have these republicans done to accomplish those stated goals?/ Nothing!! They've continued their attacks on womens rights, the elderly, workers rights, and want to cut social programs all while protecting the tax cuts given to the wealthy that in essance bankrupted our country. 75% of americans agree with our president that a balanced approach needs to be used to fix our spending and debt crisis. I seem to remember a few years ago when another Democrat(Clinton) handled a similar crisis. The result was a balanced budget and a cash surpluss. We need sensable, compromising people in congress, not these crazy tea party people who are bringing us to the brink of default and are resposible for weakining our economy. Obama has us on the right track. Fixing Bush's mess. What he needs is a little help. We can help him in 2012 by voting these crazies out.

  • peter Alpine, UT
    July 31, 2011 3:01 p.m.

    Unfortunately, many of Utah's resources are sitting on locked-up Federal lands and restrictions that the State can't nudge past. The Feds are the ones standing in the way of progress and freedom. I think that most people fear the power and rule of our Federal government more than they do any foreign terrorist organization. We must act on our power to vote before other means are resorted to in order to regain America's freedoms. Become educated about correct principles, support candidates who believe in those principles, then vote them into office. If a nation expects to be ignorant and free in a state of civilization, it expects what never was nor ever will be.

  • Wastintime Los Angeles, CA
    July 31, 2011 3:07 p.m.

    Sorry to say, Obama is the worst negotiator. He comes to the table having already given up the Democrat's position. Example: Healthcare. First, he said right from the beginning single payer was not an option. Okay, fine. But then he never, ever pushed for the public option. So, he comes to the table already looking weak. The same thing was repeated with the Bush tax cuts. Though the polling showed (and still show) a large majority of Americans favor letting the tax cuts expire for upper levels of income, Obama caved. AND it occurred when the incoming Congress would be more tilted to the Republicans so it was Obama's last real chance to stand up to them. The Republicans have learned to play Obama like a fiddle, and they have.

  • Hellooo Salt Lake City, UT
    July 31, 2011 3:23 p.m.

    It is always easy to get polls to be in favor of the other guy paying higher taxes. Because the higher taxes do not affect the respondent in any way. Would you like Harry Reid to pay higher taxes? Sure. But, then would you like to pay higher? No, no, no. And, here is the sorry truth, higher taxes will not reduce the debt because these guys are not even trying to do that.

  • The Rock Federal Way, WA
    July 31, 2011 3:27 p.m.

    From this point forward there should be no increase of the debt ceiling without mandating a path to a balanced budget, then paying off the national debt.

    I would start by eliminating:

    The department of education
    The department of energy
    The department of labor
    The department of commerce
    Obama Care

    All all pay for Czars.

    When Social Security was first introduced the retirement age was 65 and the average life span was 64.5 years. You got to retire, on average, six months after you were dead. We should peg the retirement age to average life expectancy. Let's make it three years less than life expectancy. Today the average life span is 78 so you could retire at 75.

    Sudden changes in any system create shock waves so we adjust the Social Security Retirement age by a maximum of six months each year. It might take twenty years to reach the target retirement age but in time we could do it without hurting anyone.

  • The Politics of Listening A Tropical Paradise USA, FL
    July 31, 2011 3:35 p.m.

    Republican and Democratic Congressional leaders are indicating they have agreed to a compromise debt ceiling deal with the White House. The framework of the deal includes $1 in cuts for every dollar raised in the debt ceiling; no new taxes and no more votes on the debt ceiling until after the 2012 election. The cost of the compromise needed to raise the federal debt ceiling will likely inflict more fiscal pain on states still struggling to recover from the recession and the end of federal stimulus spending. While the details of the spending cuts to states remain unclear, lawmakers from both parties have discussed the need to cut or impose caps on so-called discretionary spending over the next decade. That could mean wide-ranging cuts in federal aid to states, affecting everything from the Head Start school readiness program, Meals on Wheels and worker-training initiatives to funding for transit agencies and education grants that serve disabled children. There also is concern among governors, state lawmakers and state agency heads that Congress will make deep reductions or changes in federal aid for health services for the needy, most notably through Medicaid. They tossed Grandma under the bus also.

  • xscribe Colorado Springs, CO
    July 31, 2011 3:39 p.m.

    @BobP: If you can give us one example of how Obama has instituted any socialist policy, I would be amazed. Oh, and don't forget, when you want to respond with the whole Obamacare issue, that no one has been forced into that system yet.

  • ER in EUR Belgrade, Serbia
    July 31, 2011 3:43 p.m.

    When this compromise is put in place, it will be the death knell for the Tea Party.

    Mr. & Mrs. Main Street America will see that the Tea Partiers made our problems more not less. They were never part of the solution. They were willing to sacrifice all of us for a very narrow principle. Selfishly sacrifice us all.

    I get it. I understand. Yeah, you don't want to increase taxes. We get it. However, if you push the whole world economy into a massive recession then the tax rate on your precious money will be irrelevant.

    Look at the whole picture please.

  • Rifleman Salt Lake City, Utah
    July 31, 2011 3:56 p.m.

    Reid says "some grumbling is occurring among Democratic senators". That can only mean good news for the American taxpayer. Probably not the best news for those who don't pay taxes and depend on federal assistance for their support.

  • greenman108 Petaluma, CA
    July 31, 2011 4:15 p.m.

    Letting the default happen would not do any harm that has not already been done. It would let the US stiff the Chinese for about 2 trillion.---

    That post by someone on DN (above) shows the utter lack of comprehension the tea folk bring to this 'discussion'.
    I just saw a House member Republican tea person on CNN deflect from the direct question about what it would do to the economy. He said, we dont know what the markets will do. Well actually, we do. When Greece defaulted the markets tanked. And interest rates for them went up.
    If interest rates go up, that is a tax increase on everyone who has to borrow money, including small businesses.

    The lack of consciousness on the part of the party of NO and their energized base of faithful tea people will ruin this country.

  • Dog Fur Prather, CA
    July 31, 2011 4:21 p.m.

    Moderates and Liberals are going to be the death of the economy. The Tea Party has the only solution that will work. You can't tax your way to prosperity. Over spending never fixes your budget. Plain and simple.

  • worf Mcallen, TX
    July 31, 2011 4:33 p.m.

    obamas re-election is more important than fixing the debt. Here's some words of wisdom:

    "the fact that we are here today to debate raising Americas debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Governments reckless fiscal policies.

    Increasing America s debt weakens us domestically and internationally. Leadership means that the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

    -- Senator Barack H. Obama (2006)

  • The Politics of Listening A Tropical Paradise USA, FL
    July 31, 2011 4:54 p.m.

    Yea right, 'Smurfs' ties 'Cowboys & Aliens' in Congress. Tea Partiers made our problems more not less.

  • Dr S Purcellville, VA
    July 31, 2011 5:08 p.m.

    The Washington post just reported:

    A Lee spokesman said Sunday that the Utah Republican would likely oppose the plan.

    If it just includes just a vote on a (balanced budget amendment) and does not require passage of a BBA, he will not support it, Lees communications director, Brian Phillips, said. Those of us who signed the cut, cap, balance pledge are committed to that.

    Correct me if I have this wrong, Sen Lee, respected lawyer and the son of a solicitor general, is willing to violate the full faith and credit of the US to vote for a bill the requires the Constitution to be changed. Since when does Congress have the right to force itself to amend the Constitution? Is this a precedent the Amercian people what start? Why is the Senator so willing to degrade the Constitution in this manner? If he is willing to write and sponsor a Constitutional amendment, he would be within his rights, but to vote for a law that would require an ammendment is irresponsible at best.

  • my slc Newport Beach, CA
    July 31, 2011 5:22 p.m.

    Letting the default happen would not do any harm that has not already been done, It would let the US stiff the Chinese for about 2 trillion.

    Hmmm, in my opinion, the US should not stiff anyone that we owe money too.

    Get over the partisanship; we had two wars off the budget and a drug bill that was not funded. We owe the money. Cut what expense we can and then raise revenue.

  • A voice of Reason Salt Lake City, UT
    July 31, 2011 6:07 p.m.

    We need to amend the constitution to prohibit the government going in debt.

  • Mark B Eureka, CA
    July 31, 2011 6:40 p.m.

    Wow. BobP thinks that defaulting on our obligations is a GOOD thing. No doubt he proudly calls himself a "conservative".

  • RichE Salt Lake City, UT
    July 31, 2011 7:02 p.m.

    All of the news articles and opinions I have read thus far on the 'deal' reached by the Congress and the White House are noticably silent on the removal of the special tax breaks for those owners of private jets, corporate jets, and those making over $250,000 per year.

    Has the White House and the Democrats rolled over and given into the Tea Party there ourtrageous demands that absolutely no tax increases of any kind be given to help with this budget deficit?

    If so, that is no compromise or deal, that is simply giving into anarchy!

  • Mountanman Hayden, ID
    July 31, 2011 7:10 p.m.

    If you believe spending cuts will happen, I have a bridge I want to sell you!

  • Osgrath Provo, UT
    July 31, 2011 7:15 p.m.

    I got an nice chuckle out of the item in this article mentioning that the primary opposition to this agreement comes from the most liberal democrats and the Tea Partiers. Isn't it odd how the lunatic fringe is always at odds with practical application of effective principles. They have to have it their way or no way at all. The Founding Fathers evidently foresaw this and instituted not only checks and balances but a legislative process that forces a moderate stance. It might not be the most effective of government for a country, but it's vastly better than any other form of government that has ever been tried.

  • JNA Layton, UT
    July 31, 2011 7:22 p.m.

    This whole thing has been a complete joke and waste of our time. Do not be fooled. Think about it.....just in time they come up with a plan...are you serious. This plan has been there the whole time in order for them to try and make us believe how hard they worked. Never Never Never forget, these are politicians, the lowest life form on the planet. There was never going to be a default, this was a calculated game they were all playing, both Dems and Repubs, to have us think they were doing their jobs. Cmon get real people.

  • P Central, Utah
    July 31, 2011 7:40 p.m.

    AK Cougar - A somewhat uninformed statement.

    ..."Peter, you said it right. The states need to resume the powers of being a state and quit looking to Washington and the Fed to give them money. Your state does not need Fed money. Your state needs to develop some of its resources and put people to work which will make your state's treasury full and overflowing "...

    If you do an informed study and put a fence around Utah you would soon find that more fed money comes into the State than we send out in taxes, plus we wouldn't have any airplanes (no FAA coverage) etc. comming our way. The remaining states would profit from such a withdrawal from the Union than would Utah.

    My opinion is we would set everything back years even if we tried it. I hope I can get out before it is done!

    Sure lots of things need to be fixed, but I don't think that would be the best way for the citizens of Utah to proceed. I guess we could all talk to each other on in-state telephone calls & complain how bad the State is and we should turn everything over to the counties.

  • Rifleman Salt Lake City, Utah
    July 31, 2011 7:44 p.m.

    Now they can all slap each other on the back over the good job they've done. It's Miller time!!

  • Blaine Cedar City, UT
    July 31, 2011 8:33 p.m.

    Compromise in politics is always bad. When a big-government advocate compromises, he agrees to accelerate government growth and power a bit more slowly -- but in the end we still get bigger big government. When a human liberty advocate compromises, he agrees to allow big-government advocates to accelerate government growth and power a bit more slowly -- but, again, in the end we still get bigger big government. That is exactly what's happening in this debt-crisis deal.

    The correct solution is to follow the Constitution: Phase out all spending, programs, agencies, regulations, policies, etc. which exceed the powers granted to the central government by the Constitution. Federal spending will drop to a reasonable 2-3% of GDP instead of the current, obviously unsustainable 20%+.

    Never compromise with evil. But that is exactly what the Republicans have done -- as usual. This is why the Republicans do not deserve to be the majority party.

  • JSB Sugar City, ID
    July 31, 2011 9:07 p.m.

    I wonder if Medicare could save money if treatment for health probelms associated with alcohol, tobacco, drug, obesity and promiscuity (STDs) were not covered by Medicare. Is it right for those who try to take good care of themselves to have to subsidize other people's bad habits?

  • Gregg Weber SEATTLE, WA
    July 31, 2011 9:13 p.m.

    Compromise: comes before default and I hope nowhere near breadlines. I read about Keynesian in Wikipedia and am I glad I'm not on the way to serfdom as the Keynseian people are. Among other things, they seem not to like savings?

  • ksampow Farr West, Utah
    July 31, 2011 9:17 p.m.

    It was a necessary first step. Now Congress needs to get to work on entitlement reform and a balanced budget amendment.

  • sanpaco Sandy, UT
    July 31, 2011 9:22 p.m.

    What good is cutting spending by basically the same amount as you are approving in debt raising? Why do you even need to raise the debt ceiling if you are cutting spending? This is like trying to raise the limit on your credit card when your credit score is in the 300s just so you can keep the status quo but not have to tell people you are maxed out on your card.

  • xscribe Colorado Springs, CO
    July 31, 2011 9:25 p.m.

    @JNA: Didn't you read my post about 5 days ago predicting this very thing? My new prediction: Both sides will say how they have served the American people, and take credit for what has happened. In the meantime, they (the politicians) will have loopholes that we won't hear about for months. It will most likely show that nothing has changed!

    By the way, this is apparently a two-phase plan. Does anyone know how it's any different from what Boehner had just a few days ago?

  • Fred44 Salt Lake City, Utah
    July 31, 2011 9:30 p.m.

    Blaine,

    Compromise is always bad? The constitution that you say should be followed was the most grand compromise in the history of this country. This was not much of a compromise their should have been some closing of loopholes in the tax system. We continue to cut the tax rate for the wealthiest 5% of America with the promise that the would produce new jobs. No significant jobs have been produced in 8 years of lower taxes for the "job creators". Actually let me be more correct, no new American jobs have been created. There have been plenty on China and other places were American companies can pay ridiculously low wages with no benefits and reap huge profits. Its time for the "job creators" to quit making excuses an create jobs, or eliminate the Bush tax cuts.

  • 4601 Salt Lake City, UT
    July 31, 2011 9:30 p.m.

    Thank you Tea Party. When the people lead, the leaders will follow.

  • Hellooo Salt Lake City, UT
    July 31, 2011 9:44 p.m.

    This raising of the debt ceiling simply means that the country has increased its problems. They will be larger and more difficult, now. Further, their are no cuts. All that has happened is growth in the rate of spending is slowed. The country is still on target to be 22+ trillion in debt by the end of the next decade. Perhaps, the establishment can inflate our currency enough over this time frame so that amount will be small.

  • Hawkyo SYRACUSE, UT
    July 31, 2011 9:48 p.m.

    Can we agree now that the politicians on both sides are pushing the throttle down on this boat ride to you know where in a hand basket? Man, the lack of responsibility is frightening! Clinton balanced the budget but created the framework for what we see today while he was trying to distract us from his and his dear wife's scandals. Then, Bush weighs us down with even more debt(albeit while dealing with the worst attack on Americans since Pearl Harbor) and NOw Obama is pushing for gov run everything (how many Czars do we really need?) Boy we the people can really pick 'em can't we?

  • Hawkyo SYRACUSE, UT
    July 31, 2011 9:54 p.m.

    I fail to see why this reflects poorly on the House R's and T's. They were actually doing what they got elected for. It was the D's in the senate that kept holding things back. Who's the party of "no" now? "NO you cannot have your country back we know better than you!"(they must because we were stupid enough to elect them right?) Give me a break. The D's are the dirtiest of the bunch, but that doesn't mean the lot of them D/R/T aren't dirty. God Bless America, because she can't rely on her leaders for anything of value!

  • PAC Phoenix, AZ
    July 31, 2011 9:56 p.m.

    I think everyone in Washington needs to go home and a fresh batch needs to take over in 2012.... No one won today..

  • Hawkyo SYRACUSE, UT
    July 31, 2011 9:57 p.m.

    All due respect byronbca, but having corrupt leaders leads to a lot worse things than you losing your job.

  • Hawkyo SYRACUSE, UT
    July 31, 2011 10:00 p.m.

    Well read, you're not very well read. Everything I hear(not always believe mind you) in the media tells me that the t party is a bunch of red necks. How many large corporation and rich friends are these t partiers going to have?

  • Wayne Rout El Paso, TX
    July 31, 2011 10:23 p.m.

    As long as Democrats control the Senate and weak-kneed Republicans are there there will be no reduction in spending. This agreement will produce no real savings. Savings ten years from now mean nothing. How much are we going to save starting next week...zero. How much will spending drop in 2012...zero. The Republicans have again caved in to pressure. Our country is doomed.

  • davidutefan Evanston, WY
    July 31, 2011 10:49 p.m.

    how do the tea partiers propose to govern when they don't believe in govern-ment

  • Grammy3 SOUTH JORDAN, UT
    July 31, 2011 11:11 p.m.

    Whether or not you are a Tea Party I have been so impressed with how they have stood their ground in what they told those who voted for them. I am not a Tea Party American, but I can say Thank you for not doing what so many back there in the Government has done and that is breaking their promises when they were running for office just to get elected. It is a breath of fresh air I feel and hope that those who are running in 2012 will look of what they are doing and do the same do not back down from your promises of what you make when you are running for office.

  • ER in AF Belgrade, Serbia
    Aug. 1, 2011 12:09 a.m.

    According to senior political analyst David Gergen(advisor to 4 Presidents including Reagan), tea party lawmakers may be playing with fire.

    "It's one thing to be against high taxes, or against spending - but it's another thing to govern," he said. "They are now putting themselves in peril. The tea party could destroy itself, if it is not careful - if it is seen as taking us into default."

    That peril might already be visible in public opinion surveys. Polling by CNN/ORC shows disapproval for the tea party has been steadily worsening, from 26% in January of last year to 47% now.

    To lead and manage diverse groups with conflicting views and needs is what it means to govern. The Tea party would be out of its depth in a parking lot puddle. You don't always have to compromise, the mark of true statesman is to see that America is made up of many in one and to compromise at the right time.

    Many see that the US's economic reputation has been tarnished, something difficult to reverse. The TPers waited too long to compromise.

  • Kitenoa Salt Lake City, UT
    Aug. 1, 2011 12:58 a.m.

    To accomodate is to be abused, just give the opposing parties time to demonstrate their true colors. No one is serious about a real solution: to have a balanced budget where government lives within its financial means.

  • S Ahiwlsa Salt Lake City, UT
    Aug. 1, 2011 1:18 a.m.

    Such a complete bunch of hogwash. We need a law that mandates that in such situations the first budget items frozen and the last to be thawed are the salaries of the president, vice president, senators, representatives, cabinet members, czars named and unnamed,federal reserve officers,the budgets and staff for all these folk, first spouse's budget and staff, and others of this ilk and their staffs. To them all I say, "You think we can't run the country without you? You're grossly mistaken."

  • BobP Port Alice, B.C.
    Aug. 1, 2011 1:32 a.m.

    The default would be short term, pain for long term gain.

    The Rock has some good ideas.

  • coleman51 Orem, UT
    Aug. 1, 2011 5:21 a.m.

    First of all, let's get this deal clear from what is being said by the President. It does not prevent default since default was never threatened. We would have paid the interest on our debt regardless of whether a deal was struck or not. Second, this deal does not prevent a downgrade of our credit rating according to Moodys. It still does not address serious entitlement reform which will be necessary in order to prevent meeting this problem in the future. All we have done is kick the can down the road again with a deal that will cause no pain. To really address our debt problem, it will be painful, with serious entitlement reform and reigning our discretionary spending that will wipe out many programs or turn them over to the states. This is only phase one of a long process. Phase two will be much more painful and will only be realized when Democrats are swept out of power in the 2012 elections, particulary Barack Obama.

  • Honor Code Denver, Colorado
    Aug. 1, 2011 5:27 a.m.

    Any of you that think this debacle is a start, think again!!! Sugar coated at best and more bickering and finger pointing coming your way until Barack is removed from office!!

  • one vote Salt Lake City, UT
    Aug. 1, 2011 7:16 a.m.

    The course of obstructing and playing minority games as started by Senator Hatch and take to cult status by Senator Lee was why the super congress was created. Both Utah Senators should resign since their attempt to hijack the process to advance the gold hoarding tea party failed.

  • one vote Salt Lake City, UT
    Aug. 1, 2011 7:30 a.m.

    After my post I saw on CNN that Senator Lee is going to attempt to filibuster and obstruct! He needs to resign in the next hour and apply for a Fox News position.

  • Topher Herriman, UT
    Aug. 1, 2011 7:36 a.m.

    It is disgusting to have to watch our government immasculate the military each time they have to cut spending. This is another shell game that they are playing back there and think that the voters do not see it yet again.
    There was no money budgeted before they went to war and there will be not debt reduction when/if the military comes home. The politicians think they can pass this off as debt reform, but it is just another game they are playing - hoping that the voters do not see it. The military is not coming home any time soon (Lybia) and this will not be a debt cut. These are not meaningful cuts to the national debt.
    Call and write your representation in Washington and demand they take a cut in pay for all elected officials and their staffs, this obviously will not reduce the debt either, but it is a step in the right direction for a group of people that are failing at their job.

  • Irony Guy Bountiful, Utah
    Aug. 1, 2011 8:50 a.m.

    This is a big victory for the T party and their billionaire backers. Welcome to gov't by, for, and of the Koch brothers.

  • BobP Port Alice, B.C.
    Aug. 1, 2011 9:41 a.m.

    A few seem to have become all prissy about "stiffing the Chinese". Since they have been steeling industrial jobs they rather deserve it.

    Point 1: The US stiffed the French after the revolutionary war.
    Point 2: During the Civil War Lincoln revved up the presses and printed so many paper bills that the US dollar dropped up to 75%
    Point 3: Duting the first OPEC crisis and there after the US managed to grab many billions of OPEC money, by devaluing. Since the US was a safe place to invest the Petro Dollars, they came to the US. The devaluing reduced the value of those investments.

    Salt Lake may remember a Saudi name Kashoggi investing in office towers and etc. His investments were devalued and he lost hundreds of millions. That is just one example.

  • bemused OREM, UT
    Aug. 1, 2011 9:58 a.m.

    What is so historic about agreeing to borrow more money in exchange for thinly veiled promises to cut spending in the future? This is lousy DC politics as usual.

  • @Charles the greater outdoors, UT
    Aug. 1, 2011 10:05 a.m.

    @Irony Guy: you and Blue make us laugh with your hatred for the Koch brothers and their money.

    The IRONY is you embrace all the billions that George Soros throws your way.

    Gotta love it baby!

  • greenman108 Petaluma, CA
    Aug. 1, 2011 10:36 a.m.

    Its not law yet. Lee, R-Utah is threatening to filibuster the bill. Please, start the recall petition now.

  • ute alumni Tengoku, UT
    Aug. 1, 2011 10:50 a.m.

    greenie:
    how about worrying about your great state's leaders and stay out of Utah politics

  • Bryan Syracuse, UT
    Aug. 1, 2011 11:47 a.m.

    I am underwhelmed. This looks like too little too late.

  • worf Mcallen, TX
    Aug. 1, 2011 1:33 p.m.

    I don't understand. How could the most powerful and wealthiest country in world history, become so broke? To pay off the debt, we would pay a half million dollars per second for a year. This is unbelievabily insane!

    On top of all this debt, most of our people are broke.

  • DeltaFoxtrot West Valley, UT
    Aug. 1, 2011 2:12 p.m.

    @Worf: Government of the rich, by big business and for special interests. Our government doesn't tax its highest earners and funnels billions into special interests. This is how we are broke. All the money resides with 5% of the people.

  • greenman108 Petaluma, CA
    Aug. 1, 2011 2:19 p.m.

    Worf wonders: I don't understand. How could the most powerful and wealthiest country in world history, become so broke? To pay off the debt, we would pay a half million dollars per second for a year. This is unbelievabily insane!"

    Bush ran the war to find WMDS off budget. Later, when Obama took over, wars were put on the budget.

    Bush changed medicare and it costs trillion to pay for his changes.

    We have been more and more in debt since LBJ ran up bills trying to impress everyone that he was an anti-commie.

    Notice that obama has speeded up the time tables to get out of the Bush wars.

    Also, see if you can get your TX delegation to reduce the budget of the intelligence community.
    There are now 200,000 intelligence analysts. TWO HUNDRED THOUSAND.
    That is the price of paranoia.

  • patriot Cedar Hills, UT
    Aug. 1, 2011 3:43 p.m.

    Hooray!!! We aren't going to default!! But at the end of the day or perhaps the month we still get our AAA rating downgraded which pretty much crashes the party for everyone... and I mean everyone. So this bill is a DISASTER that accomplishes nothing in the end. Great job Mr Pres - better start finger pointing now to attempt to cover your sorry tail. Too bad we are "leader-less" in the White House. By the way, can anyone recite the White House plan for our debt crisis? I'll save you sme time and tell you that THERE WAS NO WHITE HOUSE PLAN!! Nope - nothing but typical Obama speeches and blaming others which doesn't help matters much. The ONLY PLAN that would have prevented a credit downgrade from Moody's and others was the cut cap and balance bill coupled with the balanced budget amendment. Yes that's the plan that Obama said he would veto and prince Harry wouldn't even bring to the floor of the senate for a vote. The reason ?? Because this bill and amendment would have FORCED spending cuts and FORCED a balanced budget which means the candy store is closed for OBama and Reid.