Boehner Dealt Bitter Defeat

[Denny Crane]

So now they want to add in the balance budget amendment which has zero chance of being ratified by the states. So why even put it in the bill?

This isn't the first time a balanced budget amendment has been discussed. Last time, Democrats were pushing it (1990s). So what's changed?

 

[Sug]

This isn't the first time a balanced budget amendment has been discussed. Last time, Democrats were pushing it (1990s). So what's changed?

This is the fucking problem right here, a bad idea is a bad idea regardless of who has it. Also time and place of a bad idea means little.

 

[jlprk]

Here's the whole problem. Instead of trying to find a solution, the minority party is blocking the will of the majority just to make a symbolic stand.

Putting the BBA in the bill defines where the GOP stands on the issue. Why should the Democrats fear a requirement just for a simple vote on the BBA?

If the Boehner bill passes, the Republicans will have passed their compromise. The Democrats will then be in a position of rejecting the GOP compromise. IMO, at that point, it's on them.

They're daring the Senate to reject the bill, and to put McCaskill, both Nelsons and Manchin in a tough spot with their upcoming reelections. In other words, the House GOP is making the Democrats pay a political price for trying to put blame on the Republicans.

It's Republican politics as usual, and it's ruining the economy.

 

[maxiep]

This is the fucking problem right here, a bad idea is a bad idea regardless of who has it. Also time and place of a bad idea means little.

Why is it a bad idea?

 

[Sug]

Why is it a bad idea?

It will never pass

 

[BrianFromWA]

Good thing that argument wasn't used about suffrage.

 

[MrJayremmie]

I'm still struggling to figure out why the responsibility to come up with a plan is solely on the shoulders of the minority party.

Maybe because the House is overwhelmingly Republican, and all these bills must first go through the house?

But good lord, how great would it be if each side compromised, giant spending cuts, raised taxes, AND the Balanced Budget ammendment?

 

[Sug]

Good thing that argument wasn't used about suffrage.

Or was it...

BTW I don't think that they are on equal footing to be honest.

 

[BLAZER PROPHET]

Maybe because the House is overwhelmingly Republican, and all these bills must first go through the house?

But good lord, how great would it be if each side compromised, giant spending cuts, raised taxes, AND the Balanced Budget ammendment?

It's trying to balance too many people's interests. That never seems to get accomplished in DC.

 

[BLAZER PROPHET]

Good thing that argument wasn't used about suffrage.

I know. Once we let women vote the country started a glide path into hell.

 

[BrianFromWA]

Maybe because the House is overwhelmingly Republican, and all these bills must first go through the house?

But good lord, how great would it be if each side compromised, giant spending cuts, raised taxes, AND the Balanced Budget ammendment?

First, that would be great.
Second, I agree that it's probably not going to happen.
Third, it seems that that would be a huge departure from the D agenda, and they wouldn't come close to seeing that as "compromise". But I pray I'm wrong

 

[Denny Crane]

It will never pass

Don't 49 states have a BBA? It would pass.

 

[Fez Hammersticks]

Obama is now providing links to State reps twitter accounts for people to write them to "#compromise"

Such a cluster fuck.

 

[bluefrog]

 

[Sug]

Don't 49 states have a BBA? It would pass.

No because all of those states rely on a non balanced federal budget haha

 

[Denny Crane]

http://www.cnn.com/2011/POLITICS/07/29/debt.talks/index.html

House passes Boehner debt ceiling plan

Washington (CNN) -- The Republican-controlled House of Representatives on Friday narrowly passed Speaker John Boehner's plan to raise the nation's the debt ceiling and slash government spending, sending the measure to Senate Democrats who have promised to immediately defeat it.

...

Boehner, R-Ohio, managed to sway several of those members by including a provision requiring congressional passage of a balanced budget amendment to the Constitution before the debt ceiling can be extended through the end of 2012.

 

[Denny Crane]

http://cnnpressroom.blogs.cnn.com/2011/07/28/on-debt-deal-daley-tells-blitzer-we-are-optimistic/

CNN's Wolf Blitzer sat down in an exclusive interview with White House Chief of Staff Bill Daley to discuss the current debt negotiations.

BLITZER: You say the president has put forward a plan.

DALEY: Um-hmm.

BLITZER: But the Congressional Budget Office says there is no plan that they can score because it's just a framework, it's just a speech. They haven't seen a document...

 

[blazerboy30]

http://cnnpressroom.blogs.cnn.com/2011/07/28/on-debt-deal-daley-tells-blitzer-we-are-optimistic/

CNN's Wolf Blitzer sat down in an exclusive interview with White House Chief of Staff Bill Daley to discuss the current debt negotiations.

BLITZER: You say the president has put forward a plan.

DALEY: Um-hmm.

BLITZER: But the Congressional Budget Office says there is no plan that they can score because it's just a framework, it's just a speech. They haven't seen a document...

HAHA. Sounds pretty typical coming from Obama. All words, no substance.

 

[huevonkiller]

He's on another level actually, above you. It is a Platonic plan you charlatans. :O

 

[barfo]

Third, the economy has been in "very bad shape" when Bush took office, when Clinton took office, when Reagan took office.

You don't see any differences between those 4 situations? All the same to you?

If GM were allowed to file bankruptcy

GM was allowed to file bankruptcy, they could have filed at any time up until the point they actually did file bankruptcy.

Where was the bailout for Studebaker and Edsel?

Studebaker: much smaller company, and it failed during good economic times due to competition from GM and Ford.
Edsel: was a car made by Ford, not a company.

barfo

 

[Denny Crane]

You don't see any differences between those 4 situations? All the same to you?

All about the same, yes. Clinton inherited an economy rocked by S&L bailouts, real estate market crash, govt. bought toxic assets, more than 2x the deficit than 4 years prior, etc.




GM was allowed to file bankruptcy, they could have filed at any time up until the point they actually did file bankruptcy.



Studebaker: much smaller company, and it failed during good economic times due to competition from GM and Ford.
Edsel: was a car made by Ford, not a company.

barfo[/QUOTE]

 

[Denny Crane]

http://www.nydailynews.com/tech_gui...ebt_battle_to_twitter_loses_more_than_20.html

President Barack Obama takes debt battle to Twitter, loses more than 40,000 followers in one day

http://www.gallup.com/poll/148739/Obama-Approval-Drops-New-Low.aspx

Obama Approval Drops to New Low of 40%
Similar to his approval rating for handling the debt ceiling negotiations

 

[BLAZER PROPHET]

well, for better or for worse, the GOP provided a plan to raise the debt ceiling and keep the government afloat. The President and dems said, "no". It;s their right to do so, but for now I think for the sake of the country they should have considered it more carefully. It wasn't a perfect plan, but it was a viable one.

 

[barfo]

well, for better or for worse, the GOP provided a plan to raise the debt ceiling and keep the government afloat. The President and dems said, "no". It;s their right to do so, but for now I think for the sake of the country they should have considered it more carefully. It wasn't a perfect plan, but it was a viable one.

What makes you think they considered it any less carefully than the GOP did?

barfo

 

[BLAZER PROPHET]

What makes you think they considered it any less carefully than the GOP did?

barfo

Because without reading the proposal it was DOA according to news reports. Now, to be sure, they knew the nuts & bolts of it but from what I can sense, they simply weren't going to even consider it without massive tax increases. And there in lies maybe the main issue. The left insists on tax increases and the right insists on fiscal accountability. Neither side is willing to budge.

 

[huevonkiller]

http://www.nydailynews.com/tech_gui...ebt_battle_to_twitter_loses_more_than_20.html

President Barack Obama takes debt battle to Twitter, loses more than 40,000 followers in one day

http://www.gallup.com/poll/148739/Obama-Approval-Drops-New-Low.aspx

Obama Approval Drops to New Low of 40%
Similar to his approval rating for handling the debt ceiling negotiations

Lol no wonder. His staff is spamming twitter.

They keep posting links to every republican congressman on twitter, telling people to bother them. This guy is so clueless and biased.

“Tweet at your Republican legislators and urge them to support a bipartisan compromise to the debt crisis,” Obama’s campaign staff wrote on his account before launching the day-long Twitter campaign.

Read more: http://www.nydailynews.com/tech_gui...twitter_loses_more_than_20.html#ixzz1TbIQiFze

BarackObama Barack Obama
New Mexico Republican rep on Twitter: @repstevepearce (NM-2) #compromise
18 hours ago
Barack Obama
BarackObama Barack Obama
New Jersey Republican rep on Twitter: @replobiondo (NJ-02).
18 hours ago
Barack Obama
BarackObama Barack Obama
New Hampshire Republican reps on Twitter: @repfrankguinta (NH-1), @repcharlesbass (NH-2) #compromise
19 hours ago
Barack Obama
BarackObama Barack Obama
Nevada Republican rep on Twitter: @repjoeheck (NV-3) #compromise
19 hours ago

http://twitter.com/#!/BarackObama

 

[maxiep]

The Fat Man speaks his mind

[video=youtube;svYJk8KAbnQ]

This guy HAS to run for President.

 

[MrJayremmie]

That's a great video, Maxiep. Thanks.

 

[huevonkiller]

I liked that vid too.

 

[Denny Crane]

http://thehill.com/blogs/on-the-mon...-neither-plan-protects-the-nations-aaa-rating

Moody's: Neither debt plan protects the nation's AAA rating

The "limited magnitude" of both debt plans put forward by congressional leaders would not put the nation's AAA credit rating back on solid footing, Moody's Investors Service announced Friday.

"Reductions of the magnitude now being proposed, if adopted, would likely lead Moody's to adopt a negative outlook on the AAA rating," the credit rating agency said in a new report. "The chances of a significant improvement in the long-term credit profile of the government coming from deficit reductions of the magnitude proposed in either plan are not high."

It added that "prolonged debt ceiling deliberations" have increased the odds of a downgrade, but that the firm is still confident policymakers will avoid a default.

"It remains our expectation that the government will continue with timely debt service," the firm said.

It also clarified that as far as it is concerned, the nation will only default if it misses an interest or principal payment on U.S. debt, not if it misses payments on other obligations like federal employee salaries or Social Security benefits.

The report also gives credence to a claim popular among Republicans: that the government has enough cash to avoid a default even past the Aug. 2 deadline set by the Treasury Department.

"If the debt limit is not raised before August 2, we believe that the Treasury would give priority to debt service payments and could thus postpone a potential debt default for a number of days," it said. "Revenues would be more than adequate for some period of time to meet those payments, although other outlays would be severely reduced as a result."