July 25, 2011
— Ace At the Corner, the plan goes like this:
1. $ 1 T in new debt limit ceiiing.
2. $ 1.2 T in cuts... but over ten years, and via caps, which I'm always thinking will be ignored.
3. A twelve man congressional panel formulates ways of saving another $1.6-$1.8 trillion... there are some gimmicks here to get these measures to a vote in Congress, but of course that doesn't mean they'll pass.
Plus, you need seven of 12 to get them to a vote at all.
4. Obama gets to come begging for another $1.5 trillion later.
Good plan? No. For one thing, it makes Obama come back and beg for the rest of his debt limit. I don't mind that part at all, but to Obama, that's the only thing he cares about, so it seems a nonstarter there.
There are no cuts to entitlements -- which is the Congressional Democrats' absolute-must.
There are no tax hikes -- the Republicans' must-have.
But then, it also doesn't do very much to reduce the deficit, either.
Posted by: Ace at
02:32 PM
| Comments (174)
Post contains 191 words, total size 1 kb.
Posted by: Circa (Insert Year Here) at July 25, 2011 02:34 PM (7utQ2)
Re-posting from a couple of days ago:
1. The Entitlement Bubble: The Bust Is Going to Be a Nightmare
2. Historically, each dollar in new taxes had led to more than a dollar in new spending:
Promises of future cuts, and promises that new taxes will go towards deficit reduction, are worthless.
Posted by: Wm T Sherman at July 25, 2011 02:35 PM (w41GQ)
The one thing it has going for it is it makes O defend his asinine and transparently self-serving insistence on avoiding another round of this before the election. As with all things, repetition will make the lesson stick with the electorate.
Posted by: pep at July 25, 2011 02:36 PM (6TB1Z)
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 02:36 PM (UOM48)
Posted by: t-bird at July 25, 2011 02:36 PM (FcR7P)
Posted by: Adrian at July 25, 2011 02:38 PM (PY4xx)
How long till Obama manages to “jump the shark” with these speeches/press conferences ?
Posted by: Islamic Rage Boy at July 25, 2011 02:38 PM (e8kgV)
Posted by: Rick Perry at July 25, 2011 02:39 PM (IMglX)
Posted by: someguy at July 25, 2011 02:39 PM (iIQ0a)
Funny how the only plan that would be acceptable to both parties is the one that doesn't change our debt situation at all.
No, I'm sorry, it's not funny. It's queer.
Posted by: Truman North at July 25, 2011 02:40 PM (K2wpv)
Posted by: President Bike Helmet at July 25, 2011 02:41 PM (UOM48)
Posted by: bi-curious at July 25, 2011 02:41 PM (w41GQ)
Republicans won't budge if it raises taxes.
Dems won't budge if it cuts entitlements.
It's a stalemate.
Posted by: arhooley at July 25, 2011 02:41 PM (ECaeu)
Posted by: phoenixgirl at July 25, 2011 02:41 PM (eOXTH)
Posted by: joeindc44 at July 25, 2011 02:42 PM (QxSug)
Posted by: sifty at July 25, 2011 02:42 PM (ECjvn)
Posted by: Dr Spank at July 25, 2011 02:43 PM (IMglX)
Posted by: curious the confused at July 25, 2011 02:43 PM (k1rwm)
Posted by: AndrewsDad at July 25, 2011 02:43 PM (C2//T)
we'd all be better off with no deal... the reality hammer is coming, it will not be ignored.
crash it now, and let's get started rebuilding, instead of this slow motion train wreck spread out over years that the Ruling Class is steering us towards.
Posted by: Shoey at July 25, 2011 02:44 PM (jdOk/)
By all means, keep us posted on every word they say on every talk radio show this entire evening.
Posted by: sifty at July 25, 2011 02:44 PM (ECjvn)
Posted by: J. Wellington Wimpy, Obama Economic Advisor at July 25, 2011 02:44 PM (NtXW4)
Posted by: Empire of Jeff at July 25, 2011 02:45 PM (s222a)
All I want tonight is for Barry to announce that he's going to hold his breath until a deal is reached.
Posted by: Stateless Infidel at July 25, 2011 02:45 PM (GKQDR)
There are no cuts to entitlements -- which is the Congressional Democrats' absolute-must.
There are no tax hikes -- the Republicans' must-have.
But then, it also doesn't do very much to reduce the deficit, either.
That's exactly why it will pass. It's DC's perennial pastime: kicking the can.
And here I thought the Republicans were going to actually do something with their new-found power over teh public debate.
It's just like in 2002. They assume power only so that they can squander it on padding their own beds.
Posted by: imp at July 25, 2011 02:45 PM (UaxA0)
All I want tonight is for Barry to announce that he's going to hold his breath until a deal is reached.
And then hold it. For real.
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 02:46 PM (UOM48)
Posted by: someguy at July 25, 2011 02:46 PM (iIQ0a)
Posted by: curious the confused at July 25, 2011 02:46 PM (k1rwm)
"Some say that we must choose between killing every retiree in the country with a machete or selling Virginia, the Dakotas, and most of Yellowstone to China--I reject this false choice."
Posted by: Circa (Insert Year Here) at July 25, 2011 02:46 PM (7utQ2)
By spoon-feeding the debt limit increase it causes financial havoc within the federal bureaucracy. You will get cuts this year simply because the federal behemoth cannot adjust to constantly changing conditions. The doors stay open, but the trough stays closed.
Posted by: Cooter at July 25, 2011 02:46 PM (C06Qq)
All I want tonight is for Barry to announce that he's going to hold his breath until a deal is reached.
Posted by: Stateless Infidel at July 25, 2011 06:45 PMSo you want him to turn blue. You're a racist.
Posted by: arhooley at July 25, 2011 02:47 PM (ECaeu)
Does anyone else think that if Boener had not rolled over on the continuing resolution ($100 billion to $62 billion to $30 something billion to $350 million actual) and f*cked us, that we would be in a much stronger position now.
This is why I give no money to the national Rebulican Party.
Posted by: Dogbert at July 25, 2011 02:47 PM (p0TnY)
Thanks cherry, I promise to only raise your taxes through the roof.
Posted by: The Prezdent at July 25, 2011 02:48 PM (IMglX)
All I want tonight is for Barry to announce that he's going to hold his breath until a deal is reached.
Posted by: Stateless Infidel at July 25, 2011 06:45 PMSo you want him to turn blue. You're a racist.
Posted by: arhooley at July 25, 2011 06:47 PM (ECaeu)
Huh?
Posted by: Papa Smurf at July 25, 2011 02:48 PM (NtXW4)
It doesn't cut enough to even scratch the paint on our debt crisis (BAD)
It doesn't increase revenues/taxes (Good)
It makes the dems go a-begging next year at election time. (Good)
Might as well pass a 1T increase and dare Obama to veto it. Because this is just a transparent trick to do just that.
Either way S&P is going to kick us in the nuts. Or at least they should if they have any sanity and care a whit about their customers.
Posted by: MikeTheMoose at July 25, 2011 02:49 PM (0q2P7)
We would be giving up the only bargaining chip we have. Piss on this plan.
Posted by: Vic at July 25, 2011 02:49 PM (M9Ie6)
Dems won't budge if it cuts entitlements.
It's a stalemate.
Posted by: arhooley at July 25, 2011 06:41 PM (ECaeu)
So please please let it remain that way until 2013.
Posted by: Soona at July 25, 2011 02:49 PM (Bbn7l)
Do they just not get that SS and Medi-whatever is killing us? Then they add on Obamacare on top of it all. Are they just nuts? Do they just not care?
You know, FIA. Better to just prepare for the crash that is coming. We've got a few more years to limp along. That ought to be enough time to get ready.
Posted by: rockhead at July 25, 2011 02:49 PM (ZMHGo)
I don't mind paying some tax to get rid of Obama in a few months.
Posted by: cherry π at July 25, 2011 02:50 PM (OhYCU)
Posted by: Truman North at July 25, 2011 02:50 PM (K2wpv)
I'll take wishful thinking and you sound like a member of Congress for $14 trillion, Alex.
Posted by: Circa (Insert Year Here) at July 25, 2011 02:51 PM (7utQ2)
Posted by: curious the confused at July 25, 2011 02:51 PM (k1rwm)
For one thing, it makes Obama come back and beg for the rest of his debt limit. I don't mind that part at all, but to Obama, that's the only thing he cares about, so it seems a nonstarter there.
Ace, I believe you have confused our President for someone with testicles. He will sign what's put in front of him... now, or later, when it's become obvious to all that he himself is the only person to blame for a government shutdown.
Posted by: stuiec at July 25, 2011 02:52 PM (Di3Im)
Posted by: Dan at July 25, 2011 02:52 PM (mXBxH)
Posted by: Should be said everytime Obama throws a hissy fit about it. at July 25, 2011 02:52 PM (oVQFe)
I'm sure that $1,2T over ten years also includes the $1T in military savings they are counting from ending all the current wars. Spending which isn't being carried on the budget anyway so it really isn't a cut in the published deficit.
So in effect we get $200B in pinky swear cuts over 10 years. Totally worthless and not only that, but it shows a real disdain for the Republican base.
Posted by: Vic at July 25, 2011 02:53 PM (M9Ie6)
Posted by: Wm T Sherman at July 25, 2011 02:53 PM (w41GQ)
Posted by: JAFKIAC at July 25, 2011 02:53 PM (i7YVx)
This guy is so liberal he has subscriptions to Mother Jones and Adbusters.
If he can get it, why the hell can't anyone else? What are we doing wrong?
Posted by: La Mauvaise New Yorkaise at July 25, 2011 02:53 PM (8uZ8A)
Posted by: Dan at July 25, 2011 02:54 PM (mXBxH)
2. $ 1.2 T in cuts... but over ten years, and via caps, which I'm always thinking will be ignored.
This sucks. This completely sucks. Why is it always "let us continue to be irresponsible now and then we promise we'll clean up our act later on, honest we will."?
Posted by: OregonMuse at July 25, 2011 02:55 PM (IRtnE)
Posted by: Vic at July 25, 2011 02:55 PM (M9Ie6)
This guy is so liberal he has subscriptions to Mother Jones and Adbusters.
If he can get it, why the hell can't anyone else? What are we doing wrong?
Please have your friend call my s-i-l and her husband in NYC. They're as far-left as you can get without living in Cuba (and I honestly believe she wants us to be Cuba).
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 02:56 PM (UOM48)
The US could default, but only if
the Indonesian decides to force it somehow (by getting all incoming cash
spent on other things before debt service - which is something he would
do).
Posted by: progressoverpeace at July 25, 2011 06:51 PM (G/MYk)
After hearing Professor McConnell on Levin I realize there is no way we are going to default, it's not going to happen. Instead we are going to have furloughs of government employees to service the debt and this is what Bo is trying to avoid, a shutdown in government services. This Professor McConnell, and levin rattled off his impressive credential is saying and I think he's right. The republicans are allowing themselves to be played by being drawn into a default discussion when it's not a question of default and the markets and a lot of Americans have already figured this out. It's a government shutdown question.
Posted by: curious the confused at July 25, 2011 02:56 PM (k1rwm)
Posted by: rockhead at July 25, 2011 06:49 PM (ZMHGo)
Let me ask you something in all seriousness: if things came to such a pass that the choice was between letting someone else's grandmother starve or forcing your own children to starve, which would you choose?
Because without entitlement reforms, the people who will get killed aren't the taxpayers, who will not put up with their children being starved to death, but rather the entitlement recipients who will just be shucks out of luck when the money runs out.
One can only hope that the entitlement recipients wake up to this reality and start agitating for a secure future of at least something rather than an abrupt fall into the abyss of nothing.
Posted by: stuiec at July 25, 2011 02:56 PM (Di3Im)
First I don't give a F* about the markets.....yet.
What I care about is bond yield. If we get downgrading, expected yield will accordingly rise requiring even more debt to cover costs and service existing debt. That is the beginning of a death spiral; like drinking off hangovers it ends 6 feet under with a liver not fit to donate to a dog food factory.
Posted by: MikeTheMoose at July 25, 2011 02:56 PM (0q2P7)
It was our understanding that if we didn't spend money, we wouldn;t get elected.
Posted by: GOP Talking Head on a Pike at July 25, 2011 02:57 PM (w41GQ)
The Republican politicians want to drive it as hard and fast as the Democrats do.
They may claim that they want to walk up to it and slash the tires or downgrade the engine to a straight 6 or maybe only take it out on Sundays to church.
But really, most are just dying to get in there and see what they can do with it.
Let's hope all the sanity hasn't been worn off our Reps up there since last November. Hopefully they are getting our calls and letters and emails enough to get the message.
Posted by: sifty at July 25, 2011 02:57 PM (ECjvn)
Posted by: cherry ð at July 25, 2011 06:56 PM (OhYCU)
Sounds like someone needs to roll over. I'm just not sure who.
Posted by: stuiec at July 25, 2011 02:57 PM (Di3Im)
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 02:57 PM (UOM48)
sonofabitch -- did you guys hear about this?
The special election for NV-2 is Sept 13. The Democrats (behind NV's Democrat Sec of State) sued to have an open election with no primary. They hoped it would result in 15 GOP candidates against 1 Democrat candidate, which would easily hand the Democrat the victory.
But NV's Supreme Court upheld the lower court's ruling and sided with the Republicans.
(this is old, isn't it? I just read about it)
Posted by: soothsayer at July 25, 2011 02:58 PM (TV3Gh)
Earlier in the summer I took a finance for non-finance majors type class. When the topic of entitlements came up, I flatly stated that SS and medicare will not be around for those under 40.
People shifted nervously in their seats for a few seconds, and someone said, "No, they'll tweak it. It'll be there." A few people murmured their assent. The tension went out of the room, and we continued.
One of the reasons people do not get it because it's unthinkable for a large number of them.
Posted by: Truman North at July 25, 2011 02:58 PM (K2wpv)
I hope the petulant ass does tell everyone tonight that he doesn't back any of the plans, and he won't sign anything that has to be reconsidered before Nov. '12. If people are paying attention (and that's the point of his BS speech tonight), they will see it for what it is. The bastard doesn't give a fuck about the country. All he cares about is his reelection campaign. He hasn't come up with one thing on his own, and eveything that's been put forward he has shit on.
Jeebus, I couldn't hate the asswipe more.
Posted by: Steph at July 25, 2011 02:58 PM (Ox1e8)
What I care about is bond yield.
Yeah, maybe you want to rethink that one. The market sets the yield, not the ratings agencies.
Posted by: Gristle Encased Head at July 25, 2011 02:59 PM (+lsX1)
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 02:59 PM (UOM48)
Translation: You want to kill my grandmother.
Posted by: Circa (Insert Year Here) at July 25, 2011 02:59 PM (7utQ2)
Squishy middle finance....
Head
Sand
Some assembly required.
Posted by: MikeTheMoose at July 25, 2011 03:00 PM (0q2P7)
- Octopus
Posted by: cherry ð at July 25, 2011 06:54 PM (OhYCU)
Dovetailing with your other comment, the octopus uses one of his arms as a penis. Talk about your wild handy j's!
Posted by: stuiec at July 25, 2011 03:00 PM (Di3Im)
Not necessarily, geez you sound like bill gross.
If the government continues to service the debt, even in the face of a partial government shutdown, then where is the problem. Sure if you are short the market you aren't happy or if you've announced you got out of all US bonds you really aren't happy but they are going to have to remember that a lot of little people money is in the market and in the bond market in particular. So they will service the debt, and a lot of government employees may have an unexpected vacation.
Posted by: curious the confused at July 25, 2011 03:01 PM (k1rwm)
Posted by: La Mauvaise New Yorkaise at July 25, 2011 06:53 PM (8uZ8A)
Believing the lying ass media when they spout the lying ass polls. I believe the vast majority of the country feels like you and your friend, but the asshole media will spin it any way the pos in the WH wants them to.
Posted by: Steph at July 25, 2011 03:01 PM (Ox1e8)
Serious question:
When the fuck did the "temporary stimulus" become a permanent fixture?
Our spending didn't really balloon until then ($400 Bil under Bush), and now it has remained at that level. Shouldn't it, oh, have gone the fuck back down in it was "temporary"?
Posted by: imp at July 25, 2011 03:02 PM (UaxA0)
But of course he won't, even if more and more people are ready to hear the truth.
Posted by: ontherocks at July 25, 2011 03:02 PM (HBqDo)
Posted by: cherry π at July 25, 2011 03:02 PM (OhYCU)
Right after Captain Genius, Bringer of Peace, Calmer of Seas, Picker of Brackets, Nailer of Michelle signed it.
Posted by: Circa (Insert Year Here) at July 25, 2011 03:03 PM (7utQ2)
Posted by: Circa (Insert Year Here) at July 25, 2011 06:59 PM (7utQ2)
That's a lie! We want to give your grandmother an all-expenses paid cruise of the Bering Sea, comfortably situated on an ice floe with all the blubber she can chew.
Whatever the sea decides to do with her after she sets sail is not our doing.
Posted by: stuiec at July 25, 2011 03:03 PM (Di3Im)
87So, who's watching the Petulant One tonight?
I'll have him on in the background while I play poker. I loathe the man but I think this entire situation is driving him crazy. And if the debt ceiling isn't raised, we won't default, he won't be able to stop entitlements and he'll have to make one of his first decisions ever in deciding what part of bloated government gets macheted. That would be priceless. Especially in month 8.
Posted by: Stateless Infidel at July 25, 2011 03:03 PM (GKQDR)
Posted by: Laurie David's Cervix at July 25, 2011 03:04 PM (EeYDk)
I like to think of it as "Going Home"
One last chance to meaningfully contribute.
Remember recycling is GREEN and
Everything has to be on the table.
Posted by: MikeTheMoose at July 25, 2011 03:04 PM (0q2P7)
Well, penises do emit a lot of chaos at times.
Therefore in the end, there's chaos (i.e in the end, there will be only chaos).
Posted by: Kratos (Ghost of Sparta) at July 25, 2011 03:04 PM (c0A3e)
Posted by: curious the confused at July 25, 2011 03:04 PM (k1rwm)
Posted by: cherry π at July 25, 2011 03:04 PM (OhYCU)
Posted by: cherry ð at July 25, 2011 07:02 PM (OhYCU)
In the end, there is dove-tail. And we all know what's in the dove-tail.
Posted by: stuiec at July 25, 2011 03:04 PM (Di3Im)
Sense, muthafucka, can you make it?
Posted by: sifty at July 25, 2011 03:05 PM (ECjvn)
I'm kind of in agreement with the Kraut because Rush has said the same thing. All of this about the deficit ceiling is just theater. It's all happened before and both sides are willing participants.
The real subject should (am I using the right word, Ace?) be spending and taxes. Spending is what Moody's is worried about and taxes are what we're worried about. Raising either one or both is suicide. Unfortunataly we have a president who loves putting his finger on the trigger of the shotgun in America's mouth. One of these days he may just pull it.
Posted by: Soona at July 25, 2011 03:05 PM (Bbn7l)
Yeah, maybe you want to rethink that one. The market sets the yield, not the ratings agencies.
Posted by: Gristle Encased Head at July 25, 2011 06:59 PM (+lsX1)
But the markets are now just played by big players, who bet against the market itself.... it has very little to do with how well the rest of the economy is doing UNLESS people are pulling money out of their 401s and such because of job loss... most of which has already happened IMO.
It used to be that people looked at the real world news, and based market decisions on that... now its more 'guessing' which way the market 'herd' will run on that particular day.... not on a long term investment strategy.
Posted by: Romeo13 at July 25, 2011 03:05 PM (NtXW4)
Posted by: joeindc44 at July 25, 2011 03:05 PM (QxSug)
Posted by: JackStraw at July 25, 2011 03:06 PM (TMB3S)
Posted by: izoneguy at July 25, 2011 03:06 PM (i6Neb)
There are no cuts to entitlements -- which is the Congressional Democrats' absolute-must.
There are no tax hikes -- the Republicans' must-have.
Am I reading this backwards?
Posted by: BuckIV at July 25, 2011 03:06 PM (AtjNL)
Well, penises do emit a lot of chaos at times.
Therefore in the end, there's chaos (i.e in the end, there will be only chaos).
Posted by: Kratos (Ghost of Sparta) at July 25, 2011 07:04 PM (c0A3e)
Posted by: stuiec at July 25, 2011 03:07 PM (Di3Im)
Am I reading this backwards?
Posted by: BuckIV at July 25, 2011 07:06 PM (AtjNL)
Excuse me, Stewardess. I speak Ace.
He means that the absence in each case is what that side demands: the Dems demand an absence of entitlement reforms and the Repubs demand an absence of tax hikes.
Posted by: stuiec at July 25, 2011 03:08 PM (Di3Im)
1. Abolish the IRS
2. Enact a national sales tax or flat rate
3. Abolish Dep't of Ed, Trans, HHS, etc
4. Capital gains tax abolished
5. BBA
I could elected by running on number one alone...maybe.
Posted by: GW McLintock at July 25, 2011 03:09 PM (YxIYE)
I'm thinking that the JEF will take credit for the NFL going back to work. For the children. Or defensive linemen. Whatever.
Posted by: Tommy Gunnarson at July 25, 2011 03:10 PM (ybA9f)
hehe
Posted by: cherry ð at July 25, 2011 07:01 PM (OhYCU)
That's what Smilin' Bob said!!!
Posted by: stuiec at July 25, 2011 03:10 PM (Di3Im)
Posted by: curiously dense at July 25, 2011 03:11 PM (oVQFe)
Posted by: soothsayer at July 25, 2011 07:05 PM (5DGZr)
Who fills a hot tub with shit? I mean, honestly!
Posted by: stuiec at July 25, 2011 03:11 PM (Di3Im)
They've been conditioned to think so by the politicians. Going all the way back to Reagan (that I can remember) whenever there was talk of SS being in trouble a tweak was voted through, all the politicians claimed victory and people were told everything was now OK. Pavlov's dogs figure it'll happen again.
Posted by: Retread at July 25, 2011 03:12 PM (G+7cD)
Posted by: nevergiveup at July 25, 2011 03:13 PM (7wmOW)
Posted by: x11b1p at July 25, 2011 03:13 PM (nVLlM)
2. Enact a national sales tax or flat rate
3. Abolish Dep't of Ed, Trans, HHS, etc
4. Capital gains tax abolished
5. BBA
I could elected by running on number one alone...maybe.
Posted by: GW McLintock at July 25, 2011 07:09 PM (YxIYE)
You'd do very well until Katie Couric asked you what Col. Qadaffy was thinking at that moment.
Posted by: Soona at July 25, 2011 03:14 PM (Bbn7l)
Posted by: nevergiveup at July 25, 2011 07:13 PM (7wmOW)
You could actuallly EAT your wife's cooking.
Posted by: stuiec at July 25, 2011 03:15 PM (Di3Im)
"The aide then demurely lowered his eyes and gave a soft and secret smile...."
Posted by: Laurie David's Cervix at July 25, 2011 03:15 PM (EeYDk)
Posted by: nevergiveup at July 25, 2011 03:15 PM (7wmOW)
It is probably the best we can hope for with the present makeup of congress, though.
Posted by: Christopher Taylor at July 25, 2011 03:16 PM (r4wIV)
But it all looks so friendly and happy for the cameras.
Posted by: sifty at July 25, 2011 03:17 PM (ECjvn)
Meow!!!! MMMMEEEEOOOOWWWW!!!!
Posted by: Your friends at July 25, 2011 03:19 PM (c0A3e)
Posted by: joeindc44 at July 25, 2011 03:19 PM (QxSug)
Any bets on how late Ozero will be late tonight? I think at least 15 minutes. Beginning to think he does this on purpose so the MSM anchors have time to prep the battlefield for him with the masses.
Glad Boehner follows him, and I hope he calls out O's dishonesty during negotiations, his self-centered motives for insisting on a long term deal, and his lack of willingness to truly deal with the country's economic problems. Hope he slips something in about O's visit to La Raza today too. I *wish* he could spell out the tactic of engineering a crisis only to captialize on it, even if he didn't directly implicate O in it this time. Tonight is a great opportunity to educate the public. Not that anyone really tunes in for Oloser any more.
Posted by: Mayday at July 25, 2011 03:19 PM (TRgli)
What the hell ever happened to being charged with treason? What does a person have to do to be considered treasonous?
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 03:19 PM (UOM48)
Throw a grenade at US troops. Maybe.
Posted by: sifty at July 25, 2011 03:20 PM (ECjvn)
Posted by: x11b1p at July 25, 2011 03:21 PM (nVLlM)
Posted by: phoenixgirl at July 25, 2011 03:22 PM (eOXTH)
Our creditors aren't going to take "present" as an answer indefinitely. Actually, they know we can't function long without a new budget that actually get's costs in hand. So I expect them to give us no more than one week of grace post partial shutdown before they downgrade.
Posted by: MikeTheMoose at July 25, 2011 03:24 PM (0q2P7)
Posted by: KG at July 25, 2011 03:24 PM (LD21B)
Any bets on how late Ozero will be late tonight? I think at least 15 minutes. Beginning to think he does this on purpose so the MSM anchors have time to prep the battlefield for him with the masses.
Posted by: Mayday at July 25, 2011 07:19 PM (TRgli)
I'd go 10 minutes late. Though I won't know since I refuse to watch the idiot.
Posted by: buzzion at July 25, 2011 03:25 PM (oVQFe)
I am shocked he held out for more than $10bln a year.
Posted by: joeindc44 at July 25, 2011 07:19 PM (QxSug)
Perhaps Boehner, as I know I am, knows that there's a group of repubs in the House that probably won't vote for this. Maybe this is just a show to project that he can be more flexible than Dick O and the dems. I don't think any one of the plans has a chance to be passed in the House. I'm comforted by that thought.
Posted by: Soona at July 25, 2011 03:28 PM (Bbn7l)
Posted by: joeindc44 at July 25, 2011 03:32 PM (QxSug)
Any bets on how late Ozero will be late tonight? I think at least 15 minutes. Beginning to think he does this on purpose so the MSM anchors have time to prep the battlefield for him with the masses.
Posted by: Mayday at July 25, 2011 07:19 PM (TRgli)
The press should start packing up their cameras and notepads at 10 minutes after the scheduled start time. Do that a few times and he'll learn some punctuality.
Posted by: stuiec at July 25, 2011 03:40 PM (Di3Im)
Posted by: curious the confused at July 25, 2011 03:41 PM (k1rwm)
the American people are starting to really pay attention.
Posted by: curious the confused at July 25, 2011 03:43 PM (k1rwm)
Agree about the whole caps thing. It will never stick. Remember pay-go? Yea, me neither.
Posted by: Rich at July 25, 2011 03:44 PM (OX4OZ)
Posted by: schizoid at July 25, 2011 03:44 PM (ohbQP)
Posted by: curious the confused at July 25, 2011 07:41 PM (k1rwm)
Posted by: Soona at July 25, 2011 03:45 PM (Bbn7l)
This, along with the whole budget resolution a few months back, will set the stage for all of next year. If we yet again fail to actually go to the brink, then why the hell would the Dems EVER do anything serious about spending? If we aren't actually willing to furlough the effin govt. then the dems can sit back and continue to never cut spending, or at the very least, cut it in no meaningful way. Why would they give in when they know we eventually will?
Posted by: Rich at July 25, 2011 03:47 PM (OX4OZ)
Posted by: Jake at July 25, 2011 03:59 PM (BEpfa)
Posted by: Jane D'oh says Free Tami, 80sBaby and Chuck Z! at July 25, 2011 07:19 PM
I've been asking the same question about Osama Obama since, oh, about 20 January, 2009....
By the way: after we rid ourselves of the Traitor-in-Chief and his fellow travelers, there are about 535 members of Congress who need to be broomed out of D.C., too. Starting with Reid, Pelosi, Frank, Kerry, Boehner and McConnell.
Posted by: MrScribbler at July 25, 2011 04:07 PM (YjjrR)
Posted by: curiously dense at July 25, 2011 04:09 PM (oVQFe)
Posted by: TexasJew at July 25, 2011 05:12 PM (SxSNK)
Posted by: TexasJew at July 25, 2011 05:14 PM (SxSNK)
While I wouldn't put any depth of stupidity, treason, or insanity past this woman, the only word we have that she did any such thing is the state-controlled Iranian press, so you gotta take it with a pretty large block of salt.
Posted by: Christopher Taylor at July 25, 2011 05:38 PM (r4wIV)
Posted by: some dope at July 25, 2011 05:42 PM (+kznc)
Posted by: Death by China Audiobook at July 25, 2011 05:57 PM (pCDVI)
Short story: Cash in your chips, buy lots of expensive champagne, then run drunkenly headlong off a cliff screaming: My name is Inigo Montoya. You killed my father. Prepare to die.
Posted by: Howard Beale at July 25, 2011 07:06 PM (FlVA8)
Posted by: Molon Labe at July 25, 2011 07:46 PM (g5MrG)
Boehner's approach is to hold Obama accountable for the debt issue.
Since Obama has done nothing besides blame Bush, donÂ’t expect the accountability for his own fuckups to go over very well.
The Dems want to continue to spend us into oblivion and they’re not interested in cutting taxes. Pork barrel projects and Obama’s socialist agenda need funding. ‘Fiscal responsibility’ is a foreign concept.
Posted by: SFC MAC at July 26, 2011 10:10 AM (/qSCt)
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Doooooooooooom.
Posted by: alexthechick at July 25, 2011 02:34 PM (sf+iw)