U.S. Sen. Reid: Moving forward with debt limit bill

WASHINGTON, July 29 Fri Jul 29, 2011 9:42am EDT

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WASHINGTON, July 29 (Reuters) - U.S. Senate Majority Leader Harry Reid on Friday said that he "cannot wait any longer" for the Republican-led House of Representatives to act on a debt limit increase and he will begin taking steps to move legislation.

Reid, a Democrat, also called on Senate Republican leader Mitch McConnell to immediately work with him on a compromise bill that could be enacted before an Aug. 2 deadline.

Democrats are pushing a $2.5 trillion debt limit increase. Reid said Congress will not pass a short-term increase. (Reporting by Richard Cowan)

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Comments (4)
whttevrr wrote:
Make the Tea Party Irrelevant!

With 435 members of congress, it should be easier to ignore the Tea Party Obstructionists and find a deal that can pass with bipartisan support. This whole “Appease the Tea Party” boondoggle is a blight on the American political landscape. Hit one down the middle. Get moderates on both sides to work together to take America out of these perilous economic straits.

It is time to give up on trying to satisfy the Tea Party. It is time to satisfy the needs of the American people. Get it together congress!

Jul 29, 2011 10:10am EDT  --  Report as abuse
stanr wrote:
by making the Tea Party Irrelevant you insure business as usual and the eventual bankruptsy of the country. Neither party is willing to make the painful cuts required to get us back to fiscal responsibility which is going to require all of us to experience a little pain, not just the rich.

Jul 29, 2011 10:24am EDT  --  Report as abuse
whttevrr wrote:
The Middle Class has been feeling the pain for a while now. The Republicans are only willing to fight for the rich, or as they like to say: Job Creators. Where are the Jobs again?

Let’s not use doublespeak. Job Creators = Rich, Revenue = Tax.

Warren Buffet pays 15% in taxes, his secretary pays 33% in taxes. Do the math. The upper tax rates need to be adjusted back to what worked. The current situation is not working. Capital gains taxes were at 28% not too long ago and things worked fairly well for the rich.

Basically we need to remove The Bush Tax Cuts, Cut spending without bankrupting our grand parents, and invest in the American Infrastructure [the jobs, jobs, jobs, thing the republicans keep saying they are for].

Yes, everyone needs to be a part of the solution, so why not the rich?

Jul 29, 2011 11:02am EDT  --  Report as abuse
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