Boehner says 60 Reps. won't accept any deal on debt

[Ignignokt]

And once again, reaching the debt limit doesn't mean you can't make interest payments. This is all baloney.

[Ignignokt]

Right. The D-day is Aug 2nd. We'll see where we are then. If nobody is budging, then you would think there's no such emergency.

The republicans don't have to budge, they're not saying that not meeting the deadline is catastrophic. This is all on the dems.

[spursncowboys]

Yeah and Geitner. And he's never used the scare tactic before, and has a proven record of competence.

[ElNono]

The republicans don't have to budge, they're not saying that not meeting the deadline is catastrophic. This is all on the dems.

Mitch McConnell is saying exactly that.

[ElNono]

"If we're unable to come together, we think it's extremely important the country reassure the markets that default is not an option," McConnell said.

[ElNono]

Yeah and Geitner. And he's never used the scare tactic before, and has a proven record of competence.

tbh, they all used it before from both sides of the aisle... Paulson was just as adamant with the TARP.

[spursncowboys]

Paulson was almost criminal with his hyperbole and making the Banking CEO's sign and accept the tarp even when some banks didn't want it.

[ChumpDumper]

Technically Pelosi doesn't have to read the whole bill, i'm fine if she atleast knows it's entirety, she could have her staffers summarize it for her, but this Obamacare bill was passed so fast that Pelosi didn't give time for anyone to truly research it. She emphasize the necessity to pass the bill first and then research it. That's idiotic. Fine, politicians will not read a bill but skim it, get a summary and pass it. But to openly acknowledge you've done neither and have no clue what's in the bill and then push it along is well, i shouldn't point it out for you.

You didn't answer the question.

Par for the course.

[Jamtas#2]

Can't we all just be honest and place the blame on both parties?

A very simplified generalization:
Democrats have run on platforms of making things more available to their voters by way of government spending without rasiing the revenue for it, and Republicans have run on platforms of cutting taxes without eliminating spending to make up for it.

They both have been buying votes at the expense of our futures down the line. Basically, tell the people what they want to hear and get elected.

Trouble is, our bill as a nation is starting to become due and no true leadership has emerged.

Puit a damn nanny cam in the room and televise this thing on CSPAN after they finish for the day. Would love to hear what they say when they think there is no one recording them. We already see what comes out of their mouths when they know it.

[spursncowboys]

I agree completely Jamtas. I would love to hear what they say too but one thing Greenspan said in his book was when they started recording his Fed Chairman meetings, alot of brainstorming was lost because no one wanted to say the wrong thing.

[boutons_deux]

"lot of brainstorming was lost because no one wanted to say the wrong thing."

I read where the entire US economics profession works for the Fed, gets paid for writing papers, doing studies, giving speeches, etc.

If you want a career in economics, you don't cross the Fed, like calling out Greenspan and his sycophants for completely missing the housing/mortgage bubble and the insanely risky betting in the Wall St casino with CDO, CDS, etc, for not raising the interest rate to stop the bubble.

Greenspan said it was "exuberant enthusiam" and "Wall St would regulate itself". He's one of the primary culprits/enablers in the Banksters' Great Depression.

[LnGrrrR]

My question to you all is this: Does this represent a lack of leadership on Boehner's part (the inability to move his own party members to accept any deal whatsoever), or does it represent the fact that these folks will pay no attention to anyone in their party leadership? If it is the latter, I fear that the Republican Party is in more trouble than most rank-and-file Republicans imagine.

It proves there's at least 60 stupid Republicans in Congress.

[MannyIsGod]

Can't we all just be honest and place the blame on both parties?

A very simplified generalization:
Democrats have run on platforms of making things more available to their voters by way of government spending without rasiing the revenue for it, and Republicans have run on platforms of cutting taxes without eliminating spending to make up for it.

They both have been buying votes at the expense of our futures down the line. Basically, tell the people what they want to hear and get elected.

Trouble is, our bill as a nation is starting to become due and no true leadership has emerged.

Puit a damn nanny cam in the room and televise this thing on CSPAN after they finish for the day. Would love to hear what they say when they think there is no one recording them. We already see what comes out of their mouths when they know it.

Plenty of Democrats have run on raising taxes.

[CosmicCowboy]

I like the nanny cam idea.

Put this on CSPAN.

[Jamtas#2]

I agree completely Jamtas. I would love to hear what they say too but one thing Greenspan said in his book was when they started recording his Fed Chairman meetings, alot of brainstorming was lost because no one wanted to say the wrong thing.

Oh, I'm not saying they shouold be aware it is being recorded...hence the nanny cam and not a traditional recording device.

[Jamtas#2]

Plenty of Democrats have run on raising taxes.

I don't dispute that. That is why I started by saying that I was making a very simplified generalization.

But the takeaway still is that the democratss may campaign on the taxes to pay for the programs, but when the programs come, the revenue isn't there to pay for them and when the republicans get their tax cuts, they are paid for by reduced spending...again, in general.

[MannyIsGod]

I can't fault Democrats for their inability to raises taxes given GOP obstructionism. I definitely wish that Obama and congressional Democrats had fought harder on that front, but in the end the GOP most definitely own those tax cuts.

[MannyIsGod]

Not to mention that without the Bush cuts we wouldn't even need to talk about raising taxes.

[George Gervin's Afro]

The republicans don't have to budge, they're not saying that not meeting the deadline is catastrophic. This is all on the dems.

Credit rating agency Standard & Poor's said on Thursday that there is a 50 percent chance it will downgrade the U.S. government's credit rating within three months because of the congressional impasse over approving an increase in the debt ceiling.

In a statement, the rating agency said it is placing the United States on a credit watch with at least a one-in-two likelihood that it will lower the country's debt rating within the next 90 days.

The S&P action marked the second credit warning in the past two days. On Wednesday, Moody's Investors Service said it is reviewing the government's triple-A bond rating because it believes the White House and Congress are running out of time to raise the nation's $14.3 trillion borrowing limit and avoid default.



Read more: http://www.foxnews.com/politics/2011...#ixzz1SBPN9q00