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Obama To Address Nation At 11:00 AM, Announcing Lack Of Agreement On Debt Ceiling...
Zero Hedge ^ | 07/10/2011 | Tyler Durden

Posted on 07/10/2011 6:09:09 PM PDT by The Magical Mischief Tour

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To: The Magical Mischief Tour
a debt deal has to be reached by July 22 or else.

That gives the GOP 12 days to fold. I am not optimistic.

41 posted on 07/10/2011 6:32:30 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: The Magical Mischief Tour

Hopefully, he will finish before Rush starts.


42 posted on 07/10/2011 6:35:06 PM PDT by HotKat
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To: The Magical Mischief Tour

Hopefully, he will finish before Rush starts.


43 posted on 07/10/2011 6:35:25 PM PDT by HotKat
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To: The Magical Mischief Tour
Time for a Fast and Furious impeachment.
44 posted on 07/10/2011 6:35:58 PM PDT by cruise_missile
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To: The Magical Mischief Tour

There can be no tax increase, no debt increase, no further growth of government, no more continuing resolutions, no more funding of unlawful military actions, no perversion of God given rights, no caving and no compromise in Congress without the aid and assistance of the REPUBLICAN party. It will be interesting to see who the Repubs will represent.


45 posted on 07/10/2011 6:36:15 PM PDT by Vigilance
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To: calex59
President Bush 41 did so also.

There was an agreement for major spending reductions if Bush 41 agreed to tax increases.

The taxes went up, but the Democrats who controlled Congress thumbed their noses at the President and there were no spending cuts.

Then they used 41’s words “read my lips, no new taxes” to run him out of the WH> Generally speaking the Republicans do not do well when negotiating with the dems.

46 posted on 07/10/2011 6:36:29 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: Pan_Yan

We will never get help from the MSM, so we must tell every friend, relative, neighbor and co-worker that the govt will have billions of dollars flowing into Treasury to cover debt payments, defense spending, social security, and Medicare. Obama and the MSM are counting on the ignorance of the American people, and it is up to us to spread the truth.

Earlier this year the House already passed a bill to prioritize all revenues to cover the priorities noted above. Reid buried the bill in the Senate. However, at the correct moment, the House can re-pass this bill, send it to Reid, and dare him to try to bury it. Reid has too many RAT senators from red states who must face the voters next year, and he will not be able to hold the dam. So the SS game will not work unless we allow it to.

The GOP is holding four aces and the RATS are in total denial that Keynesian economics are dead.


47 posted on 07/10/2011 6:37:12 PM PDT by mwl8787
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To: mwl8787
The next 3 weeks are going to be very ugly.

gosh...I hope so.
48 posted on 07/10/2011 6:37:12 PM PDT by novemberslady
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To: The Magical Mischief Tour

I do not understand why the Progressive’s are all wee wee’d up.
Obama agreed to keep the Bush tax rates to the end of 2012 (agreement struck Dec 2010)
Obama agreed to NO NEW TAXES, NOT EVEN THE “RICH”
And, the debt ceiling is capped.

Obama, the decider, will have to make decisions on how to spend the current incoming revenue. Congress ought to demand we pay the interest on the debt, followed the Military.
Then, Timmy can wind up the printing press to cover all of the T_Bills bills the SS Fund will need to sell to cover SS payments to seniors


49 posted on 07/10/2011 6:37:42 PM PDT by Steven Tyler
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To: The Magical Mischief Tour

I hope he remembers to roll up the sleeves on his golf shirt.


50 posted on 07/10/2011 6:38:38 PM PDT by COUNTrecount (Barry...above his poi grade.)
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To: mware

hold tight...your investment will sky rocket on the day after the 2012 election.


51 posted on 07/10/2011 6:40:34 PM PDT by COUNTrecount (Barry...above his poi grade.)
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To: calex59
Telly is being worked overtime.

Obama hasn't realized that nobody cares what he has to say and his rhetoric will change nothing.

I guess it gives the MSM some talking points to blame GOP.

52 posted on 07/10/2011 6:41:29 PM PDT by lonestar (It takes a village of idiots to elect a village idiot.)
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To: Ronin

I laughed out loud, thanks!:)


53 posted on 07/10/2011 6:43:29 PM PDT by Bulwyf
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To: HotKat

He never finishes before Rush starts. He wont start til oh, 1130 or so. That is part of his bullying.


54 posted on 07/10/2011 6:43:44 PM PDT by Chickensoup (The right to bear arms is proved to prevent totalitarian genocide.)
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To: The Magical Mischief Tour

This is playing out like a cheap paperback novel.

Why?

Because I’d bet dollars against donuts that about two hours before the deadline, there will be an announcement on all the MSM that they worked around the clock and finally reached a deal.

The Dems will give some and try to make out the pubbies as the bad guys, and vice versa.

Because they know damn well that if the deadline passes, and Grandma Iowa goes to the bank with her SS check and the bank refuses to cash it, that’s when the blood might start flowing in the streets.


55 posted on 07/10/2011 6:44:05 PM PDT by djf ("Life is never fair...And perhaps it is a good thing for most of us that it is not." Oscar Wilde)
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To: Chickensoup

Boehner should tell them he won’t consider revenue changes until the Democrats pass the spending cuts they’d promised Reagan and Bush1.

contact him here

http://www.speaker.gov/Contact/


56 posted on 07/10/2011 6:44:17 PM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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To: The Magical Mischief Tour

Blame Republicans on national television (= free campaign commercial)


57 posted on 07/10/2011 6:44:24 PM PDT by libh8er
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To: GourmetDan

My post was the 11th and yours the 22nd. Spooky by any analysis.


58 posted on 07/10/2011 6:44:33 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: HotKat

Nah, he’ll be late getting started.


59 posted on 07/10/2011 6:46:34 PM PDT by Spirit of Liberty
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To: Sooth2222
What parts of the Nation are home watching TV at 11 AM on a Monday morning?

Folks home watching the hens on The View?
60 posted on 07/10/2011 6:46:55 PM PDT by Miss Didi ("After all...tomorrow is another day." Scarlett O'Hara, Gone with the Wind)
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