Posted on 07/28/2011 4:09:03 AM PDT by blueyon
All 53 Senate Democrats signed a letter tonight to House Speaker John Boehner saying essentially that they would rather the US default on its debt than pass the House GOP plan that would cut spending and force another vote next year.
(Excerpt) Read more at thegatewaypundit.com ...
Another vote next year is a dumb idea.
well well, there is a letter that belongs in our national archives, a manifesto signed by 53 heros of the republic
This strikes me as ridiculously miscalculated political blunder on part of the Senate Dems.
I’m not sure we can default unintentionally.
Do it
They can shoulder the blame then... Great!!!
I’d like to see the text of the letter, but yes, I agree, if it’s the way it sounds here, we have a lot of ammunition.
Also, for those who thought Boehner’s plan was too accomodating...it sounds to me like the Dems and Bambi don’t think so.
It’s far from perfect, but I agree with Allen West and I think it’s a start, and obviously they themselves see it as a threat to their future control of both the budget and the economy.
F&^% them! THAT is Liberal tyranny! Enough
” well well, there is a letter that belongs in our national archives, a manifesto signed by 53 heros of the republic “
One thing we have to leave out when we rewrite the Constitution after the collapse - the clause that grants Congresscritters immunity from prosecution while Congress is in session...
This would constitute a conspiracy to violate the 14th amendment of the Constitution, and a public, written, threat to do same....
If the warning are that dire and they turn down a plan that would give them time then the Rats will get the blame because there is no other way for the media to spin it.
So, let’s step back and imagine the next few weeks and months. The bond rate will drop by the end of next week (my humble opinion). The media will try to bounce it toward the Republican fault...but barely fifty percent of the public will agree on that. Once we are downgraded...the Republicans now have no rush to fix things...they can settle back for a week off and just watch Obama give speech after speech over how they might run portions of the government. Confidence in the President starts to go down a notch because of these speeches.
Two weeks after the 2nd...at least five Democratic senators are now getting worried about their chances in the next election (2012). Only thirty percent of all government workers are now working, with embassy staffs in most countries now at 10 percent operations.
Around the fourth week of this default...some short-term agreement is worked out...which barely gets us to April of 2012. This is mostly because of election fears by some Democrats now.
The neat thing about this mess....we’ve wasted so much energy and enthusiasm....so that by the end of August...we now need to contemplate the 2012 budget and get it passed....which won’t happen till December (my humble opinion).
The estimate on getting our AAA rating back? If were cutting costs...we might actually get it back by 2014. But I just can’t see the two groups setting a return into motion. So we are stuck with a lesser bond rating for at least six years (counting on Obama winning in 2012 as part of this whole mess). The comical side of this...folks will standing around in 2017, talking about economic recovery and how the Obama years will cost the start-up of the next Republican administration at least four years to fix everything.
At that point, everyone will always talk about how they need to fix what the previous guy did, and we will mostly laugh for the next two decades as both parties do the same thing.
There is supposed to be a vote on the budget every year.
Repubs should pull back their offer and instead submit a term limits bill, citing the democrats stupidity as why Washington needs to be cleaned up.
Let the democrats and obama chew on that a couple of days.
Thanks for the letter. Pass the Boehner bill and then let them go on record with a vote — not a letter.
A budget vote?What’s that?
Right...probably the same Ba&^ards who presented and ‘passed’ the Obamacare law.... AND did it the SAME WAY.
It’s governance by bullying, bluster, lies, fraud and deceit. Nice
WHEN will Conservatives stand up to this BS??
... including Florida’s very own Senator Nelson!
Hogwash. Cutting the massive beauracracy is not default. Why don’t they threaten to hold their breath until they’re blue in the face?
As far as our AAA credit rating....It probably should have been downgraded long ago. Making borrowing more expensive (i.e. harder) might affect some physical limitation on how much Congress can spend (I think that’s the real issue here)
At some point we will have to face the music. The longer we postpone dealing with our financial limitations, the more painful the true economic recovery will be.
Publish the letter stat.
Grow a pair.
Reload.
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