Posted on 07/14/2011 2:06:46 PM PDT by tcrlaf
President Barack Obama told congressional leaders that a deal must be in place on Friday, or lawmakers will have to make contingency plans to raise the national debt ceiling, a top Democratic negotiator said Thursday.
Senate Majority Whip Dick Durbin (D-Ill.) relayed Obama’s message to reporters Thursday, saying they will have to act fast on a Plan B if a deal doesn’t appear in place by tomorrow. Treasury has said the country will run out of money to pay all of its bills on Aug. 2.
"The president has expressed to the group that by Friday we have to get something done,” Durbin said Thursday. “And it’s realistic because if we’re going to extend the debt ceiling, it takes some time to not only write the bill but to have it scored and move forward.”
Asked if that meant that Congress must move to another option if a deal isn’t reached on Friday, Durbin said: “We will have no choice at that point but to turn to some other option.”
(Excerpt) Read more at politico.com ...
As to what DeMint says, until I can see the wording of the law he's referring to, I don't know that it applies to SS any more than it would apply to anything and everything else that is in the spending bills that have been passed.
As to being afraid, my only concern would be whether this will be the point in time that the entitlement class takes the step of trying to enslave the producers involuntarilly, as opposed to the voluntary way the producers hand over the product of their work now.
If things don't reach a crisis point this year, I'd expect that it will just happen somewhere down the line, because I don't think the political will will ever exist to do anything more than kick the can down the road until there's no more road.
OH...have faith and trust in The Lord...it is not near that gloomy.
Recipe sounds good.
I eat my peas with honey, I've done so all my life. They do taste kind of funny, but it keeps them on the knife.
I prefer to hope for the best, but be prepared for what looks likely to hit. When the tornado sirens start going off, I at least start paying attention to the clouds instead of assuming God will deal with it. I don't presume to know what His will is.
There isn't a golf course at Camp David.
That sounds yummy too!
“Has the president submitted a budget to Congress? NO! Has Congress written a budget? NO!”
The Republican House has passed a budget for FY2012.
The Democrat Senate has not.
You are engaged in wishful thinking.
The “plan B” that Durbin wants is the McConnell cave, that gives the power to the president to dictate the spending cuts.
Any other Plan B would be better, but would not be what the Democrats want. So they will dismiss those as bad ideas.
Enjoy your Friday cause apparently the catastrophic end to us all has been suspended till Monday...since they are taking Friday off.....
Another AnointedIdiot lie that the average American fails miserably to see or comprehend. =.=
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