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I don't think Barry's plan is much better, tbh...
Pretty sorry attempt at a troll.
I don't think Barry's plan is much better, tbh...
There you go again, taking the high road.
(sighs)
Sorry. This topic gets me a tad worked up.
No one has a plan worth a damn.
The plan we need is somewhere in between the republicans stance on real spending cuts and the democrats stance on increased tax revenue. Unfortunately for all of us, both camps are more interested in pointing fingers on TV and on planning for default damage control than on avoiding the default.
NP dude...There you go again, taking the high road.
(sighs)
Sorry. This topic gets me a tad worked up.
If this stuff didn't get people worked up... the billions of dollars in news network and media that their passion supports would go out of business...
You are saving jobs.
In your opinion, who has taken a more rational, reasonable position in the negotiations? BHO or the Republicans?
It's either that or both sides are intentionally misleading, and see a default and some kind of credit/market crash as something they feel they can use, either politically or economically (or both). Or it simply isn't as 'catastrophic' as they've been trying to paint to to be.
There won't be any default. Boehner and Reid will finally agree on something and BHO will sign it, all the while whining about the nasty heartless Republicans.
"I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection."
~ Warren Buffett 7/8/11
Adding that one to the siggy.
Obama's got the right approach, but doesn't seem to have a plan. At least not one he's willing to share with us.
Republicans OTOH have no problem telling us what their plan is, but it's not the right approach, at least not IMO........
Both sides seem to think that the other side will receive more of the blame in a default. That's not good.
DMX7...really wouldn't expect anything else. He liked to pull a DarrinS...post a bull OP and then you never see him in the thread again.
It's like thinking you can win a global nuclear war.
The more this goes on the more I think they'll just ignore the debt ceiling if it comes to it.
"ignore the debt ceiling if it comes to it."
Don't know if that's legal. I go for the 14th, but apparently Barry and Const. lawyers are not sure it applies. If it went to SCOTUS, you know The Filthy Five block would say the 14th no longer applies after the Civil War period.
Last edited by boutons_deux; 07-26-2011 at 02:14 PM.
Going to be interesting to see if Boehner can twist enough arms to get 218...some of the nutters just don't get it that this plan is as good as it's gonna get...
Government can default in a couple of years when I can take my skills overseas if need be. Not quite yet though.
No default, but a downgrade may be unavoidable.
If the ratings agencies were rational we would already be downgraded no matter which "plan" passed. There is simply no political will to cut spending enough to make a significant difference.
I'm sticking with my prediction that one of them pulls the trigger on a downgrade by friday.
Boehner Plan Faces G.O.P. Resistance and Veto Threat
The White House threatened on Tuesday to veto emergency House legislation that aims to avert a threatened national default, a pre-emptive strike issued as Republican Speaker John Boehner labored to line up enough votes in his own party to pass the measure.
Boehner faced criticism from some conservatives in advance of an expected vote on Wednesday.
The bill would raise the debt limit by $1 trillion while making cuts to federal spending of $1.2 trillion — reductions that conservatives say aren't enough.
The measure also would establish a committee of lawmakers to recommend additional budget savings of $1.8 trillion, which would trigger an additional $1.6 trillion increase in the debt limit.
The White House objects to the requirement for a second vote before the 2012 elections.
Majority Leader Harry Reid said the measure stood no chance of passing the Senate even if it cleared the House. He pronounced it "dead on arrival."
http://www.nytimes.com/aponline/2011...er=rss&emc=rss
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The Repugs have really ed up forcing this bogus debt limit issue.
If he vetoes a bill that would give us a chance not to default it would be political suicide...
he would sign something that prevented us defaulting on a bar napkin.
Hot potato. If the Senate forces through a bill more amenable to Obama, why wouldn't he take that instead?If he vetoes a bill that would give us a chance not to default it would be political suicide...
His hope is that he can keep the Reid and the Senate in line and not HAVE to veto anything.
I don't know that the Senate is passing anything Barry doesn't agree with, tbh...
They revised it. It said probably when I looked at it.
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