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Sen. Harry Reid ready to raise debt ceiling another $2.4 trillion
http://twitchy.com ^ | november 8, 2012

Posted on 11/08/2012 4:14:30 PM PST by lowbridge

You can file this one, along with the Iranian strike on a U.S. drone, the layoffs at Boeing, and PolitiFact’s wrap-up of President Obama’s broken first-term campaign promises, in your binder labeled “Handy things you learn right after the election.”

It’s not a surprising statement from Senate Majority Leader Harry Reid, but that doesn’t help it to sound any better as the country elects to move forward with the Obama administration’s vision, full speed ahead. Asked Wednesday if he would support raising the debt ceiling another $2.4 trillion dollars, perhaps even before the end of the year, Reid replied, “If it has to be raised, we’ll raise it.”

The silver lining? Even though the Treasury Department last week estimated that America will hit its current $16.394 trillion debt ceiling by the end of the year, Reid doesn’t think it will happen until after Jan. 1. Hooray?

This is what they meant by Forward, right?

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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: debt; harryreid; reid; sourcetitlenoturl

1 posted on 11/08/2012 4:14:38 PM PST by lowbridge
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To: lowbridge

raising the debt ceiling another $2.4 trillion dollars every 6 months sounds about right D’oh


2 posted on 11/08/2012 4:17:51 PM PST by molson209
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To: lowbridge

Another year with no budget, but raise the ceiling. Imagine if credit cards ran this way.


3 posted on 11/08/2012 4:18:46 PM PST by Baynative
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To: lowbridge

This is the VERY LAST card the Republicans have before the death of this country.


4 posted on 11/08/2012 4:20:19 PM PST by HarleyD
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To: molson209

“a billion here, a billion there, pretty soon
we are talking about real money...”

http://www.youtube.com/watch?v=7Au2-J-3on0


5 posted on 11/08/2012 4:20:42 PM PST by maxsand
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To: lowbridge

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure” - Barack Hussein Obama March 2006


6 posted on 11/08/2012 4:20:55 PM PST by Proud2BeRight
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To: lowbridge

I’m sorry for being a bit obtuse but just how can the Senate raise the budget when the House has been assigned that task?


7 posted on 11/08/2012 4:23:17 PM PST by Deagle (quo)
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To: Deagle

Because he knows Bohner will cave. What a dickless idiot.


8 posted on 11/08/2012 4:28:50 PM PST by ABQHispConservative
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To: Deagle

Obviously you don’t know how a dictatorship works.


9 posted on 11/08/2012 4:29:15 PM PST by shelterguy
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To: Deagle

Listening to Levin, you can tell dickless idiot Boehner will cave. That’s why he can be smug about it.


10 posted on 11/08/2012 4:30:37 PM PST by ABQHispConservative
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To: Deagle

The constitutional limitation is on “bills for raising revenue,” and that is laws that impose a tax. The courts construe that very narrowly, so that fees are not considered bills for raising revenue. The debt limit is not a tax, at all. Spending is not a tax either.


11 posted on 11/08/2012 4:32:53 PM PST by Cboldt
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To: shelterguy

Ah, I guess that again these Senate folks continue to evade or ignore the Constitution. That I can understand (after all they are Democrats) but what I can’t understand is why this kind of action has not ended up in the Supreme Courts.


12 posted on 11/08/2012 4:33:11 PM PST by Deagle (quo)
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To: ABQHispConservative

I have the answer...........................the gallows


13 posted on 11/08/2012 4:33:40 PM PST by ronnie raygun (bb)
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To: lowbridge

Here is the truth... America will default... it will happen faster than anyone could guess. I wish they would just go ahead and crash it now... the sooner it dies the sooner we start to rebuild America.

LLS


14 posted on 11/08/2012 4:37:24 PM PST by LibLieSlayer (I AM JOHN GALT)
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To: lowbridge

Here is the truth... America will default... it will happen faster than anyone could guess. I wish they would just go ahead and crash it now... the sooner it dies the sooner we start to rebuild America.

LLS


15 posted on 11/08/2012 4:37:30 PM PST by LibLieSlayer (I AM JOHN GALT)
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To: Cboldt

The debt limit still have to be approved by both houses and signed by the President - at least to my recollection. Neither the President nor the Senate has the power to raise that by themselves.

Am I wrong here?


16 posted on 11/08/2012 4:37:41 PM PST by Deagle (quo)
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To: ABQHispConservative

I have absolutely no faith in Boehner but I still have faith in democracy and I can’t imagine that the Republican controled House would go along with this.


17 posted on 11/08/2012 4:39:52 PM PST by Deagle (quo)
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To: lowbridge

Let him do it, alone.


18 posted on 11/08/2012 4:40:49 PM PST by tobyhill
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To: Deagle
You are correct that both the House and Senate have to agree. I mistook your comment as being one of "origination."

Obama would sign a 50 trillion increase in debt limit. I can't imagine a president not agreeing to a debt increase.

19 posted on 11/08/2012 4:42:17 PM PST by Cboldt
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To: Cboldt

Okay, unfortunately like you I can’t believe that this President would not agree to an increase in the debt limit!

Wishing for another time and another President!


20 posted on 11/08/2012 4:56:22 PM PST by Deagle (quo)
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To: Deagle
I’m sorry for being a bit obtuse but just how can the Senate raise the budget when the House has been assigned that task?

They take some other piece of legislation the House has already passed, turn it into a bill to raise the debt ceiling, and then "deem" it to have passed. They'll say they had to pass it to find out what was in it, so they can deny they knew what it was they were voting for when it all goes to crap.

21 posted on 11/08/2012 5:04:20 PM PST by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: HarleyD

Here’s what Boner should say, “Ok Harry we’ll agree to raise the debt limit a hundred bucks. When you’ve spent that, come back and ask for more”. Rinse and repeat.


22 posted on 11/08/2012 5:29:23 PM PST by technically right
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To: technically right

$16 trillion isn’t enough for Dirty Harry? The market is already sick of the US debt and spending.

http://confoundedinterest.wordpress.com/2012/11/08/vampires-werewolves-and-the-post-election-market-reaction/


23 posted on 11/08/2012 5:50:58 PM PST by whitedog57
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To: lowbridge

OK House Republicans. You fell for the scam, but now it’s time to get after them. With Reid not putting out a budget, they can spend as much money as they want buying votes with no consequences. I’m not a parliamentarian but you have got to shut down the big money spigot to the Democrat voters.


24 posted on 11/08/2012 6:09:48 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: lowbridge

Free money for everybody!!! Yay! Now, what color Obamaphone shall I order??


25 posted on 11/08/2012 6:12:59 PM PST by jboot (This isn't your father's America. Stay safe and keep your powder dry.)
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To: blueunicorn6

“But gosh, if we do that the media will get after us and these people won’t vote for us!”

Yep, but you know what? The media is going to get after you anyway and the Democrats aren’t going to vote for you either. At least deprive them of some of the money that allows them to buy elections.


26 posted on 11/08/2012 6:13:28 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: lowbridge

just wondering if anyone knows the interest rate we are being charged is. The other day i figured at 5% the interest on debt is 800 billion, just insane.


27 posted on 11/08/2012 6:29:37 PM PST by jasonz82
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To: maxsand; lowbridge; molson209; Baynative; HarleyD

Time for one of my favorite youtube videos!

http://www.youtube.com/watch?v=EoS52fVtVQM


28 posted on 11/08/2012 7:51:58 PM PST by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: ABQHispConservative

Speaking of dicks, how is Little Dick Durbin doing? (My favorite Levin nickname)


29 posted on 11/08/2012 10:53:39 PM PST by Crucial (Tolerance at the expense of equal treatment is the path to tyranny.)
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To: Pining_4_TX

That’s great and so true. Thanks.


30 posted on 11/08/2012 11:34:39 PM PST by HarleyD
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