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Reid bringing debt-ceiling bill to Senate floor. Says he canít wait for House bill any longer
Marketwatch ^ | 10-29-11 | By Robert Schroeder, MarketWatch

Posted on 07/29/2011 8:34:14 AM PDT by rawhide

Edited on 07/29/2011 8:35:27 AM PDT by Admin Moderator. [history]

Senate Democratic Leader Harry Reid said heís bringing a bill to raise the U.S. debt ceiling and cut the deficit to the Senate floor Friday, and that he canít wait any longer for a competing proposal from House Republicans.

ďTime is short,Ē Reid said in remarks on the Senate floor Friday morning, as Washington and financial markets fretted about a potential default by the U.S. government on Aug. 2.


(Excerpt) Read more at marketwatch.com ...


TOPICS: Breaking News; Government
KEYWORDS: debt; dncrico; dnctreason; reid; senate; treason
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1 posted on 07/29/2011 8:34:18 AM PDT by rawhide
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To: rawhide

Don’t all finance bills have to originate in the House...?


2 posted on 07/29/2011 8:36:01 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: rawhide
Reid, if you look in the shredder next to your desk you'll find the debt ceiling bill the House has already passed and sent to you.
3 posted on 07/29/2011 8:36:29 AM PDT by KarlInOhio (The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
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To: mewzilla
They'll just take a finance bill the House has already passed, delete the entire text and add what they are working on now - just like they did with Obamacare.
4 posted on 07/29/2011 8:37:45 AM PDT by KarlInOhio (The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
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To: rawhide
Maybe he should have thought about this a few years ago until waiting till the last minute.

Pathetic socialist/liberal/communist/losers!

5 posted on 07/29/2011 8:37:57 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: rawhide

The mask is slipping form the DC Political media machine. The truth is coming out. This is why Progressive Facists in the 0-bot media are in hysteria today

The big DC political machine lie of this whole thing is the GOP needs a bill.

NO, the 0 Democrats need a bill. They are the party of spend. They are the ones who have to go to the voters in 2012 and defend their total mishandling of the economy for the last 4 years.

The GOP candidate in 2012 is going to be running against DC. The 2012 election will be a referendum on 0’s Presidency.

Time for people to quit buying the propaganda fed them by the DNC Media-Political machine, the 0 Dems, not the GOP, will be hurt the worst by a failure to strike a deal.

Here what you do GOP, you tell the Senate “Sorry but all your Debt bills are D.O.A. CCB was the compromise, if you want a bill, there it is.”.


6 posted on 07/29/2011 8:38:09 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: mewzilla

Have to? No, but supposed to.


7 posted on 07/29/2011 8:38:17 AM PDT by Terry Mross (I will only vote for a SECOND party.)
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To: rawhide

Blink


8 posted on 07/29/2011 8:38:20 AM PDT by Raycpa
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To: rawhide
Wow...Did we get setup or what?? The fact that Obama had a 2 minute speech this AM kinda confirms it.

I think the Tea Parties have a bit to learn.

9 posted on 07/29/2011 8:38:27 AM PDT by Sacajaweau
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To: mewzilla
Don’t all finance bills have to originate in the House...?

I am thinking the same. But RATS are involved, so rules do not matter.

10 posted on 07/29/2011 8:39:07 AM PDT by rawhide
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To: rawhide

Like it or not, Reid cannot do anything wo the house. Under the Constitution, both houses must recon a bill. It cannot be passed onto the pres otherwise.


11 posted on 07/29/2011 8:39:17 AM PDT by DownInFlames
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To: rawhide; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; NFHale; ...
RE :"Reid’s proposal would cut $2.2 trillion in spending and raise the debt ceiling by $2.7 trillion, enough to get past the 2012 elections. The House bill raises the debt ceiling by $900 billion but would raise it again next year by $1.6 trillion if extra deficit reduction is approved by Congress."

Reid's bill, guess he doesnt count votes in the Senate.

12 posted on 07/29/2011 8:39:17 AM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: mewzilla

That was back when we had a Constitutional Government.

They all just do pretty much what they like today.


13 posted on 07/29/2011 8:39:24 AM PDT by Venturer
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To: unixfox
Reid bringing debt-ceiling bill to Senate floor. Says he can’t wait for House bill any longer

I thought those kinds of bills were supposed to originate in the House.
14 posted on 07/29/2011 8:39:45 AM PDT by aruanan
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To: rawhide

This was Obama’s and Reid’s plan all along. Delay, demagogue, blame the Republicans up until the last minute and then unload their plan to be hastily passed. I’m at the point where I think the only way we rebuild is to let the entire system collapse.


15 posted on 07/29/2011 8:40:52 AM PDT by reegs
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To: rawhide
“Time is short,” Reid said in remarks on the Senate floor Friday morning

And so is Harry, according to some of those hookers in the pool he swam with as a teen.
16 posted on 07/29/2011 8:41:10 AM PDT by aruanan
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To: rawhide

they’ve done this before, with obamacare and, I believe, with porkulous

Reid and senate write it, House gets to rubber stamp, president signs, all done very fast and after hours so no one gets to read it

One idiot GOP signs it so it becomes “bipartisan”

stroke of the pen, law of the land


17 posted on 07/29/2011 8:41:26 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: mewzilla
Don’t all finance bills have to originate in the House...?

The answer I find is "All revenue bills must originate in the House of Representatives".

So the key is that when Reid said he’s bringing a bill to raise the U.S. debt ceiling and cut the deficit, THERE MUST BE NO REVENUE IN THE BILL!!!!

18 posted on 07/29/2011 8:41:52 AM PDT by Lockbox (`)
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To: mewzilla

YES

here is the current whip count on the Boehner proposal. The undecided Reps. are as follows: Ted Poe, TX (202-225-6565); Michael Turner, OH (202-225-6465); Bill Posey, FL (202-225-3671); Jack Kingston, GA (202-225-5831); Quico Canseco, TX (202-225-4511); Scott DesJarlais, TN (202-225-6831); Morgan Griffith, VA (202-225-3861); Scott Garrett, NJ (202-225-4465); Jeff Flake, AZ (202-225-2635)


19 posted on 07/29/2011 8:42:07 AM PDT by GailA (Any congress critter who fails to keep faith with the Military, will NOT keep faith with YOU!)
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To: rawhide
“Time is short,” Reid said in remarks on the Senate floor Friday morning

Interesting words coming from a guy whose Senate hasn't passed a budget in more than 850 days.

Nevada... BTW.. thanks for keeping him in his seat for another six years. Much appreciated. /sarcccc

20 posted on 07/29/2011 8:43:12 AM PDT by ScottinVA (As a party that gives Obama what he wants, what again is the GOP`s 2012 selling point?)
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