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NYT: Boehner indicates flexibilty on debt limit
Market Watch ^ | 10/3/13 | Robert Shroeder

Posted on 10/03/2013 10:26:52 AM PDT by illiac

WASHINGTON (MarketWatch) -- House Speaker John Boehner has told colleagues he's determined to prevent a federal default and is willing to pass a bill raising the debt limit with both Republican and Democratic votes, the New York Times is reporting.

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


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: 113th; abortion; bho44; deathpanels; government; news; obamacare; partisanmediashill; partisanmediashills; randsconcerntrolls; shutdown; zerocare
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To: illiac

I’ve been reading that if the limit is raised without cuts we’ll probably get another downgrade PLUS hyper inflation could set in just in time for next year’s elections.


41 posted on 10/03/2013 11:50:11 AM PDT by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: illiac

Federal debt interest payments are 6% of the federal budget and 9% of tax receipts. So a refusal to increase the debt ceiling does not require a default on the debt.

Social Security payments are 22% of the federal budget and 31% of tax receipts.

Defense, national security, veterans benefits and federal retirees take up something like 30% of the budget and 42% of tax receipts.

So with just over 80% of the taxes that the government actually takes in, we should be able to pay for debt service, national security, social security and federal retirees.

To accept the Obama’s sky is falling default scenario, one has to assume that the President has no authority to prioritize among authorized federal spending in the event of a shortfall, so that if the government ran even one penny short, they would have no ability to pay anyone anything. I think the reality is that the President would have to decide on his own, pending a law being enacted giving him direction, what to spend money and what not to.


42 posted on 10/03/2013 12:02:26 PM PDT by Stingray51
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To: SoFloFreeper

Boehner flexible?

Why, he’s more flexible than a Roumanian girl gymnast.

Jellyfish look upon his flexibility with great awe and envy.

Silly Putty hangs its head in defeat after witnessing the inhuman elasticity of Speaker Boehner.

Slinky hides under the bed with the dust bunnies, whimpering in shame.

Plastic Man concedes his crown to Speaker Boehner, stating, “That Speaker Dude, I don’t know, he’s like more slippery than that thing in Terminator Two you know. It’s like he doesn’t have any spine at all. He’s like... like, like a puddle or something. Yeah, like a puddle of Scotch.”


43 posted on 10/03/2013 12:04:17 PM PDT by Covenantor ("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
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To: Starboard

Agreed, you don’t need to convince me the trajectory is Single Payer, and we need to shoot it down. But is now the right time, and the Debt Ceiling the right way? Or is it better to hold the House and pick up the Senate, then really assail the President?

I say “probably better” to picking up the Senate first. I doubt we can win the battle at this time, but if we use Shutdown as leverage the consequences of failure are limited; if we use the Debt Ceiling, we may lose the battle and the war, and get wiped off the map.

To use Patton’s words, is this where us poor dumb bastards die for our Country?

Does anyone even know what our game plan is? Just fold our arms and wait until the President capitulates and agrees to wait a year with the Individual Mandate? That’s our plan? What if he doesn’t? We’re not Syria, with us his Red Lines might actually be for real...


44 posted on 10/03/2013 12:07:56 PM PDT by lowtaxsmallgov (This Administration has absolutely no idea how to grow an economy)
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To: illiac
Then pass the increase for max 3 months but give no checks to spend it. Obama keeps saying it’s for money we already spent so if we keep the Government shutdown then there’ll be no more to spend.
45 posted on 10/03/2013 12:11:00 PM PDT by tobyhill
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To: illiac

It’s easy to be flexible when you have no spine.


46 posted on 10/03/2013 12:11:56 PM PDT by shego
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To: lowtaxsmallgov

Does anyone even know what our game plan is?
*******
I believe the plan is to submit small funding bills one at a time. It is a potential winner and Dems hate/fear that approach. Everyday submit three more bills. Shows the Republicans are trying to fund essential government operations.

Congress has the power of the purse. The president and Senate need to be reminded of that simple fact. If congress abdicates that responsibility, all is lost.


47 posted on 10/03/2013 12:31:13 PM PDT by Starboard
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To: illiac; All

If they cave on this why not simply merge parties and have a 1 party system?


48 posted on 10/03/2013 12:39:07 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: illiac

From the NY times...sounds like they’re trying to divide and conquer...hold the line!


49 posted on 10/03/2013 12:39:58 PM PDT by DouglasKC
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To: illiac

DO NOT TRUST THE NEW YORK TIMES. That is all.


50 posted on 10/03/2013 12:42:23 PM PDT by ez (Muslims do not play well with others.)
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To: lowtaxsmallgov

Thomas Sowell wrote an excellent piece on congress’ power of the purse. (I didn’t see this prior to my earlier reply to you.) In typical Sowell style, its a good and clear read.

Even though the congress is right about its authority to determine what to spend money on, the battle is largely one of perception. As Sowell points out, managing the message is not exactly a Republican strong suit. So I recognize the problematic aspects of being right versus winning the PR battle.

In some respects the debt ceiling may be a tougher battle to win as the Demogogues will raise the false spectre of default. But I do like your “tiered” approach to tying the debt and funding battle together. That seems to have the potential to fix everything at the same time.


51 posted on 10/03/2013 12:47:51 PM PDT by Starboard
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To: illiac

I doubt it. If Boehner intended to fold, he would have done so by now.

I think Cruz is telling him to let it shake out. People are waking up.


52 posted on 10/03/2013 1:25:31 PM PDT by struggle
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To: lowtaxsmallgov

The old plan with Reagan was 3 dollars in cuts for every 1 dollar in increase. But Reagan never got the cuts. The idea is still good but we gotta have more cuts than increases or we’ll never get the titanic turned around. Iceberg!


53 posted on 10/03/2013 1:28:07 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: illiac

Caving like a bat.


54 posted on 10/03/2013 1:48:23 PM PDT by Old Yeller (Who am I to judge homosexuals? That's what the Tony Awards are for.)
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To: illiac

Folding like a cheap accordion.


55 posted on 10/03/2013 1:48:48 PM PDT by Old Yeller (Who am I to judge homosexuals? That's what the Tony Awards are for.)
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To: GraceG
Betraying Boozing Brain-less Ball-less Bawling Bone-less Bohner...

I'm not seeing Bronzed Butthead in there.
56 posted on 10/03/2013 1:50:18 PM PDT by Old Yeller (Who am I to judge homosexuals? That's what the Tony Awards are for.)
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To: illiac

Caving maybe, but the devil’s in the details.


57 posted on 10/03/2013 1:51:54 PM PDT by ScottinVA (Obama is so far in over his head, even his ears are beneath the water level.)
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To: Starboard
He offers up raising the debt ceiling as a way to get 0bama to the table

If that gets Hussein and Hairy to negotiate, with Obamacare on the table, that sounds workable.

58 posted on 10/03/2013 1:53:43 PM PDT by ScottinVA (Obama is so far in over his head, even his ears are beneath the water level.)
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To: Old Yeller

Betraying Boozing Brain-less Ball-less Bawling Bronzed Butt-head Bone-less Bohner...


59 posted on 10/03/2013 1:58:45 PM PDT by GraceG
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To: illiac
Boner is so itching to give his golfing buddie something and then he believes the media will fawn all over him and love him.

Do it Boner and see you weepership and perhaps your seat disappear in 2014. Another John Roberts ready to sneak up from behind us with a piano wire.
60 posted on 10/03/2013 2:59:29 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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