Speaker John Boehner's plan to raise the nation's debt ceiling will be voted on TODAY, around 6PM EST. This is a cuts-only plan, not the balanced approach that neither President Obama or the American people want. Thus, a group of brave Democratic senators have clearly declared that they would defeat the plan. The Democrats are finally stepping up to the plate to save the middle class.
This version of Boehner's plan comes after his initial plan was dismissed by his own Republican colleagues after CBO pointed out that it would only cut a billion in the year of 2012. So he went back the drawing board and crafted this plan - which heavily favors the rich, as always.
A CNN/ORC International Poll reveals a growing public exasperation and demand for compromise. Sixty-four percent of respondents to a July 18-20 survey preferred a deal with a mix of spending cuts and tax increases. Only 34% preferred a debt reduction plan based solely on spending reductions.
Senate Majority Leader Harry Reid, D-Nevada, declared that the Senate is prepared to immediately vote on -- and defeat -- the speaker's plan Thursday night, assuming the House approves it.
"There are things that either side cannot get," Reid said Thursday morning, adding that Republicans need to "accept that and move on." Sen. Chuck Schumer, D-New York, called Boehner's proposal "a futile gesture."