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Kirk, Schakowsky, Dold Talk Debt Ceiling Compromise

Dold, Kirk support legislation; Schakowsky opposes it.

Local members of Congress responded to calls from citizens to compromise Sunday night by offering support for a bipartisan effort to prevent the nation from defaulting on its financial obligations.

Leaders of the Senate and House of Representatives worked with President Barack Obama to craft a deal to increase the debt ceiling to allow the country to pay its bills. The legislation also cut spending approximately $2.4 trillion over the next 10 years. 

The spending reductions come in two groups. Initially, the lawmakers agreed $900 billion would be cut over 10 years. A bipartisan commission would be created to recommend slashing an additional $1.5 trillion by late November. If no agreement is reached, there will be automatic triggers that still must be negotiated.

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voted for the bill while opposed it. will vote for the measure in the Senate Tuesday. 

“The best way to achieve economic stability, reassure our allies and strengthen financial markets is by tackling our unsustainable spending trend,” Kirk said. “This deal is a balance of immediate cuts and a promise of long-term reforms, coupled with a strong backstop.” 

Schakowsky was unwilling to support legislation she felt left America’s most vulnerable citizens potentially unprotected because members of the Republican Party were willing to sacrifice the economy in exchange for an increase in the debt ceiling. 

“This legislation once again forces the middle class, the poor and the seniors to be the ones to hold the reins of debt reduction,” Schakowsky said. “The Republicans have held us hostage to the debt ceiling and they succeeded in collecting their ransom.” 

Had the bill failed, Schakowsky would have encouraged the President use the 14th Amendment of the Constitution to unilaterally extend the debt ceiling.

“He would have done that because it was suggested by Vice President (Joseph) Biden he would when he came to our caucus,” Schakowsky said. 

Dold spent the weekend in and out of meetings with the Republican House Caucus learning about progress on debt ceiling negotiations between Congressional leadership and the President. 

“I am optimistic that Washington is finally coming together and finding common ground on the debt ceiling debate,” Dold said on the House floor. “We must move forward. Hardworking taxpayers have had enough and I get it.” 

Dold has also has been inundated with communication from his constituents on the issue, according to Communications Director Stefani Zimmerman. 

“Over the past couple of weeks, both of Rep. Dold’s offices have received an overwhelming response from his constituents to work towards a bipartisan solution and he is listening to them,” Zimmerman said. 

One of two Democrats seeking Dold’s 10th District seat in the 2012 general election, Deerfield management consultant , was relieved an agreement was reached. He felt, however, that the tenor of the debate prevented the country from getting the kind of law he would have preferred.

“The freshmen created a circumstance that did not allow the government to get the deal that needed to get done,” Schneider said. “I am happy that Congress found a way to avoid default. We need to address our fiscal challenges in a more strategic, more comprehensive way. 

Schneider’s opponent in the March Democratic primary, Waukegan community organizer , does not like the deal. He would also prefer the 14th Amendment option. 

“It would be irresponsible to support legislation that reduces the deficit on the backs of struggling working families and the most vulnerable” Sheyman said. "By putting at risk Medicare and other core services, this plan will make conditions worse at a time of tremendous economic strain."

Stephanie Brent August 03, 2011 at 04:12 PM
1. You can't have a consumer-based economy without jobs for most everyone. The rich would do better to take care of us unwashed masses than to worry about tax avoidance. Otherwise, without jobs and awash in shoddy, defective imports that drain dollars from this nation (never to return), we're all going down together. 2. The rich never spend much--the poor have no choice but to spend every penny they get just to survive. 3. If our elected leaders had Social Security instead of huge pensions and if they didn't have such fabulous medical insurance at our expense, they might be more in touch with the reality of existence that the rest of us share. 4. Don't tell me you are acting on principle if you are ignoring the damage you are doing to others. 5. A representative government is about listening to the electorate. 6. I don't know any tea party supporter who thought they were voting for insanity to reign.
grandpa August 03, 2011 at 05:27 PM
1. It's not up to the "rich" to take care of the "unwashed masses", it's up to the "unwashed masses", (it might be a start to take a bath). 2. How many of "the poor" have cell phones, (oops, I forgot, cell phones are now provided by a government program); cable TV; a car less than 5 years old; a big screen plasma TV set or "high speed" internet? 3. I agree that the politicians should not have special privileges, they are supposed to be "public servant" not "elite rulers" 4. Whom are you referring to here? If it's the politicos, they never worry about anything but getting reelected... that's their job. If they do anything else they usually feel sorry about it. 5. We don't have a representative government, we have an elite oligarchy of the "elite", (and it really doesn't matter if they have (D) or (R) after their names). 6. "It doesn't matter who votes. What matters is who counts the votes." Socialist extraordinare, Josef Stalin
forest barbieri August 03, 2011 at 10:45 PM
You go Grandpa:) There are a few things that you can never get complete agreement on, Politics, Taxes, Religion and when the Cubs will bring home the World Series. This ridiculous Washington fiasco made us look like such idiots that Czar Putin is even crushing cooking utensils and scolding us. Our problems today are minor relative to what we are creating for our children. Did the America we knew and loved historically, end in 2007? Wait until we have to take on the real issues including, jobs, inflation, pensions across the board and the future of facing a cunning China that is buying up natural resources around the world while they economically tie Africa, South America and many countries to them. Unfortunately, in a time of need, we will find that we have been out thought, out flanked, and out to lunch...is that still tax deductible? Europe obviously, remains in a constant state of being out to lunch. The world, she is a changing and hopefully we will begin to focus our leadership and country on important issues and take the painful but needed steps to ensure a decent future for our kids
Stephanie Brent August 05, 2011 at 06:02 PM
Grandpa--My car is 11 years old. I don't have a big screen tv. My emergency cell phone costs me $10 every three months. I go to the library to use the internet. I do indulge in cable tv but not the premium channels and I don't go to movies or travel... But I am not among the poorest of the poor. I live on ssn but manage to keep aside a little something for a rainy day. I know from my volunteer work that there are many elderly and disabled far worse off than me. They have no cars, tiny old tvs and no cell phone and no cable. They literally wouldn't have eaten if their checks came "a few days late." Right here in Deerfield are old ladies who could starve to death without their ssn checks on time. It doesn't matter whether the "conservatives" want to kill granny because they want granny dead or if they just don't care whether or not their principles kill granny off. At least--it doesn't matter to granny. The fact is that trickle down won't work. If there ain't no trickle up--there ain't no economy. If you want a consumer society for larger profits for the select few--the consumer has to have money to consume with. If all the jobs are in other countries, no one around here will be shopping and in the end the rich won't be so rich. Of course, It might be amusing to see what would happen if they tried to take their wealth stored in China out of China. Wonder if China would let that money leave that country????
grandpa August 05, 2011 at 10:07 PM
Stephanie; If class warfare works for you, Mazel Tov. As for me, I will continue to take care of myself as best I can since that is my duty, (and the way I was raised). If it comes to that, I prefer to die like a man on my feet than live on my knees as a slave. It matters not to me who the slave owner is.

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