GOP Ready To Craft Another Plan to Tackle Our Debt

Seems as though the Republicans are the only ones doing any real work on this situation.
This is being reported on Big Government.com

House Republicans are finishing work on a new proposal to resolve the standoff over the debt ceiling. The proposal, set to be finished and crafted into the form of a bill by Sunday, will be in two parts. The first will combine a short-term increase in the debt ceiling with spending cuts. The second will lay the groundwork for a longer-term increase in the debt ceiling coupled with far-reaching deficit reduction.
“Senator Reid said on Friday that he is going to wait for us to move,” says a well-informed GOP House aide. “So we’ll move.” Another well-informed aide confirmed the basic outline of what’s happening.
Staff of the House Rules Committee is involved in the work, which is an indication that the process is nearing completion. Before any bill can be considered on the House floor, the Rules Committee must first pass a rule setting out the process for its consideration. Once the proposal is finished, it would likely be posted on the Rules Committee website, probably no later than Monday, so the committee could meet to consider it on Tuesday and it could be on the House floor by Wednesday.
Work on the new proposal was underway before negotiations with the White House blew up on Friday. Sources say the plan was being created last week, even as the House leadership devoted considerable time to passing the “Cut, Cap, and Balance” proposal. Once the Senate Democratic leadership blocked “Cut, Cap, and Balance,” House leaders stepped up work on the new proposal. Right now, the new direction is believed to be the only way forward. “McConnell-Reid is just not a viable option in the House,” the aide says, referring to Senate Minority Leader Mitch McConnell’s complicated proposal to allow the president to increase the debt ceiling.
In a 2 p.m. Saturday conference call with Republicans, House Speaker John Boehner said that a new proposal was in the works, and that it would have two parts, but did not go into significant detail about what it would involve. Boehner told his fellow GOP lawmakers that he hoped to have something done by 4 p.m. Eastern Time on Sunday in time to reassure Asian financial markets, which open at that time.

I will be watching for this new plan and read it cover to cover. 

I highly recommend you do the same.

Matthews:"This country risks becoming... Greece"

Wahhabis of American Government???

But Matthew would be right in his assertion that we risk becoming another Greece. For you see the very same political ideology that is running Greece these days is the same type of ideology Obama wants for America.

In 2009, Greece had the EU's second lowest Index of Economic Freedom (after Poland), ranking 81st in the world.

The 2009 budget deficit stood at 15.4% of GDP. This, and rising debt levels (127% of GDP in 2010) led to rising borrowing costs, resulting in a severe economic crisis.
Greece was accused of trying to cover up its massive budget deficit in the wake of the global financial crisis. This resulted from the massive revision of the 2009 budget deficit forecast by the new Socialist government elected in October 2009 went from "6-8%" to 12.7% and later revised to 15.4%. 
Between 2009 and 2011 unemployment skyrocketed, from 10.3% in 2009 to 16.2% in March 2011.
Income tax brackets in Greece for the year 2008 were 0% for up to 12,000 euros ($17,100) earned, 27% for 12,001 to 30,000 euros ($43,000) , 37% for 30,001 to 75,000 euros ($107,400) and 40% above 75,000 euros and those tax brackets, still to this day, remain at those levels.
With these high income tax rates, they still can't manage their debt, to bring it down! And now they intend to raise them again.
Corporate taxes Beginning in 2007, the rate of corporate tax is 25%. Starting in 2010 the corporate tax rate will fall 1% annually until it reaches 20% in 2015.
Greece has a VAT tax which is 4.5% to 23%. For all goods not belonging to any special category, the VAT is 23%
So you see, raising taxes, as the left and Matthews suggested doesn't work.

27% for those making $17,100 or above, to 40% making over $107,400 and a 16.2% unemployment rate, with a 127% of GDP debt (which we are fast approaching) will cause the very same problem here in America that we see in Greece, unless we change the path BACK to capitalism.

IT'S ONLY A MATTER OF TIME!