Reid bringing debt-ceiling bill to Senate floor. Says he can’t wait for House bill any longer

Marketwatch ^ | 10-29-11 | By Robert Schroeder, MarketWatch

[ronnie raygun]

If the m..#$$%$#@#$%$$#$$^%$^%$^%$^ GOP cannot find ways to turn the table on these retarded cretans then they dont deserve to rule the roost!

[April Lexington]

The Capitol should be surrounded by pitchforks and hammer handles ‘bout now...

[hattend]

What if a deadline passes and nothing haopens?

[April Lexington]

There is no way back, only forward to a crash and hit bottom. Even the Tea Party bills don’t come close to solving the debt problem. Don’t stand in front of a freight train. Sound advice. The time to prepare is running short.

[potlatch]

[aruanan]

I don’t believe it’s ever happened that the Senate and the house have been split in this fashion.

Well, this is the way it was supposed to be and probably was back before the statists, via the 17th Amendment, got rid of U.S. senators being appointed by their states: the rabble-rouser populists were in the House, the States protected their interests in the Senate. If anything finally managed to get through by some sort of agreement between them, it could always be vetoed by the president. That institutionalized factionalism between the voters of each state through their representatives, the states through their senators, and the federal government in the person of the president, in the context of very scarce dollars, made for a large amount of squabbling for a very small piece of federal pie. That was blown out of the water by the advent of 17th Amendment, the income tax, and social security taxes and an ever increasing amount of money brought into Washington by the collusion of House and Senate for them all to play social engineer with. After baseline budgeting was added to the mix in 1974, along with such entities as the EPA, the federal parasites finally had the means to avoid being purged from the body politic and settled down for a long feed. It's time for a serious de-worming to begin.

[xzins]

Why does Obama want the debt increase to go past the next election? I assume it’s because the debt is a losing argument for him. Personally, though, I think the history of the republicans regarding the debt is bad enough for him to answer any questions by simply saying, “they did the same thing.” All the pubbies could say is that weren’t quite as bad as him. I think the media would side with him, because they always side with him, and the people would hear nothing day-in-and-day-out other than “they did it too.”

I don’t think it’s a losing argument for him.

I think there’s actually a more basic answer for his reluctance to increase the debt limit beyond the election. I think he wants a lot of money in the kitty, so he can continue to spend like crazy.

I’d be sort of tempted to put the debt increase until after the election, but then I’d only put very little money in it that had to stretch much more.

Instead of 4 trillion until 2013 (or whatever their asking), I’d give them half that amount for that entire period and tell them they’re on a diet and they have to make it stretch.

Wouldn’t that be the same as a cut? Wouldn’t it force responsibility and look irresponsible if they didn’t do it?

[xzins]

Correction: Instead of 4 trillion until 2013 (or whatever THEY’RE asking),

[Girlene]

Why does Obama want the debt increase to go past the next election?

Like you said, he wants more money in the kittey to buy more votes/influence his base/grow his base. He wants to get reelected.

Boehner/Repubs did propose a smaller debt limit increase which would have forced a new round of negotiations in 6 months or so. Reid/obama said anything that didn't go past the elections was DOA in the Senate, and even if it did pass, obama would veto it.

Reid made the statement that Repub's were trying to "embarass" obama by forcing another debate while obama was trying to get reelected.

"Embarass"? That's a strange word, but it's likely a word (or similar concept) of what obama told Reid.

Right now, obama owns Reid. Whether it's from favors Reid owes obama from his last election, dirt he knows about Reid....I don't know. But, it goes beyond merely a political alliance, IMO....it's odd.

Anyway, raising the debt ceiling enough to get past the election has been the one sticking point that obama refuses to give up on.

[Monorprise]

“Senate Democratic Leader Harry Reid said he’s bringing a bill to raise the U.S. debt ceiling and cut the deficit to the Senate floor Friday, and that he can’t wait any longer for a competing proposal from House Republicans.”

Not apparently see the house proposals has he has been given 3 or 4 such bills so far.

[D-fendr]

The 2012 election is what matters, not this week. Get out of this crisis with GOP principles intact and the Dems still owning the entire economy.

Amen.

[NYCslicker]

Just tell him its DOA in the House.

[hinckley buzzard]

Art. I, Section 7: All bills for raising Revenue shall originate in the House...

[hinckley buzzard]

I'm not so sure that raising the debt ceiling is the same as raising revenues.

[UCANSEE2]

But the legislative statement about the $17 billion for Pell Grants is actually wrong. When you review the amendment to the bill that was done on Thursday, the new spending was increased $17 billion. The total number is $20.1 billion.

That's because $3 billion of it is the required Federal Politician Bribery and Re-election Fund.

[UCANSEE2]

Those concessions will be from McConnells plan to give President Fool Sucka debt ceiling authority. That is the prize, that is what they want.

Allow me to clarify something for the general readership.

Obama doesn't want to take on the work of others, such as Bernanke. He won't even do his own job. I think the reason Obama wants sole authorization of the request to raise the debt ceiling (i.e. change the numbers on a piece of paper) is that the DEMS/CROOKED RINOS/LIBS/COMMIES/SOCIALISTS/ORGANIZED CRIME can't keep stealing from the Treasury if we won't borrow more to put into the Treasury.

There is NO DEBT CEILING. The Federal Reserve Bank is the only one AUTHORIZED to increase the amount they will loan to the U.S. Treasury. The more they loan out, the more money(interest) they make. They laugh at the term DEBT CEILING. There is no limit to what they CAN and WILL lend. We can raise the DEBT CEILING all we want, but the FRB does not have to loan us that amount. They could just say no, at any time. The first time that happens, it will be because we failed to pay the INTEREST.

Politicians set the DEBT CEILING as a CARROT ON A STICK to keep the public distracted from why the money keeps disappearing and we have to borrow more, even though on paper we should be solvent.

Obama doesn't want the DEM re-election and party kitty fund (otherwise known as the U.S. Treasury Funds) to be low on money, come election time. The idea that the Republicans can lower the source of income for the DEM REELECTION campaigns pisses him off, and that is why he said he just wished he could (declare as a dictator) he was raising the Debt Ceiling.

[liberalh8ter]

Is Reid the new Dictator? Obama’s not going to like this.

[UCANSEE2]

I'm not so sure that raising the debt ceiling is the same as raising revenues.

Raising revenues is a complicated and time consuming procedure.

Raising the debt ceiling is changing a few meaningless numbers on a piece of paper.

[UCANSEE2]

Reid made the statement that Repub's were trying to "embarass" obama by forcing another debate while obama was trying to get reelected.

He's been trying to get re-elected since November 2008. Debate is the method whereby the House and Senate work to craft a bill that is satisfactory to the best interests of the nation (well, that's the theory anyway)

I guess we are 'embarrassing' Obama by 'forcing' them to use the PRIMARY TOOL (debate) that their whole House and Senate are organized around, and interfering with Obama's reelection campaign, golfing, and His Birthday Party.

I hope they survive. I didn't realize the hardships they were facing.

[samadams2000]

One of my favorite words. I want retribution on all politicians that participated in stealing money from me, my family and my country.