Will U.S. Republicans and Democrats make a deal on debt ceiling by the August 2 deadline?

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Will U.S. Republicans and Democrats make a deal on debt ceiling by the August 2 deadline?
Jul 28, 2011 03:35
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	Voting without time limit Exclusive Vote 2 vote(s) Yes 2 vote(s) No See All Voter(s) Note: Guest voter(s) are not displayed here. The Republicans and the Democrats still haven’t agreed on how to increase the US debt ceiling. “U.S. House of Representative Speaker John Boehner announced a new Republican, two stage, short-term plan to increase the US’s debt ceiling on Monday. The Democratic Majority Leader Harry Reid announced a longer-term plan that the White House immediately endorsed. The president Mr. Obama oppose a short-term plan of increasing the debt ceiling. He said that it chould damage the nation’s credit rating, and the US will soon have to raise the debt ceiling in just a few months.”, according to VOA. Two parts have their own plans. Do you believe that U.S. lawmakers will break debt stalemate by the August 2 deadline?

Jul 28, 2011 03:35

JIMMYB
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The Republicans and the Democrats still haven’t agreed on how to increase the US debt ceiling.

“U.S. House of Representative Speaker John Boehner announced a new Republican, two stage, short-term plan to increase the US’s debt ceiling on Monday. The Democratic Majority Leader Harry Reid announced a longer-term plan that the White House immediately endorsed.

The president Mr. Obama oppose a short-term plan of increasing the debt ceiling. He said that it chould damage the nation’s credit rating, and the US will soon have to raise the debt ceiling in just a few months.”, according to VOA.

Two parts have their own plans. Do you believe that U.S. lawmakers will break debt stalemate by the August 2 deadline?

Jul 31, 2011 20:42	#1
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	So what if they down grade the credit rate. Does that mean the whole nation would plunge to the same position where the Ireland, Italy and Greece stay. Its suffering is no less than those european countries excpet its a gigantic economy that have more approaches to be alleviated from deadend.

Jul 31, 2011 22:18

DREAMLIFE
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Jimmyb,

Do not worry. The Republicans and the Democrats will finally make a deal. Both parties may have different political views and policies but they will not see the US fall into trouble.

The Republicans and the Democrats agree to increase the debt ceilings but they haven’t reached an agreement on “how to increase the debt ceiling”. The latest source says that they are close to reach an agreement soon.

Is it possible that both parties make a deal on 2012 US presidential election when they deal with the debt ceiling issue?

Aug 1, 2011 01:46	#3
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	Is it possible that both parties make a deal on 2012 US presidential election when they deal with the debt ceiling issue? I don't know but they have already made a deal---A two-stage plan. The first phase called for about $1 trillion in spending cuts over the next decade. The next $1.5 trillion in savings must be found by a special congressional committee by the end of December.

Aug 3, 2011 04:38	#4
ICEBERG Points: Join Date: Sep 10, 2007 Status: Offline	Haven't you seen it？The US "borrows" money from other countries and then spend the money to manage the country. But it hasn't said when to "pay the money back".

Aug 3, 2011 22:26	#5
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	The timeline is to be the generation of the son of Obama's grandsone where the debt is paid off. Hope it's not a joke. The gambler is the borrower rather then a lender. The day when the borrower dishonors with the indebtness is the day the borrower is out of game.

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