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LIVE BLOG: The Latest on the Debt Negotiations (TOTUS to speak at 10:20AM)
National Journal ^ | 7/29/11 | Ethan Klapper

Posted on 07/29/2011 6:32:45 AM PDT by markomalley

A day after the House postponed its vote on Speaker John Boehner's Budget Control Act, Washington remains at a stalemate. Follow our live blog below for the latest developments.

9:10 a.m. The White House announces that President Obama will deliver a statement at 10:20 a.m.

9:08 a.m. Hotline's Sean Sullivan reports that 22 Republicans are still no votes. He'll be updating the whip count all day, which can be found here.

8:49 a.m. Lawmakers are reacting to last night's events, and we're collecting that reaction here.

8:03 a.m. Sen. Bernie Sanders, I-Vt., says Senate Majority Leader Harry Reid’s deficit reduction plan is bad, but Boehner’s is worse in a Wall Street Journal op-ed published today.


TOPICS: Breaking News; Government
KEYWORDS: debt; debtceiling; deficit
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To: kabar

If the Reps were really smart, they would send a clean, short term increase in the debt ceiling and send it to the Senate.

AND FREEZE SPENDING AT CURRENT LEVELS. Then send it to the Senate.


121 posted on 07/29/2011 8:02:13 AM PDT by IM2MAD
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To: MissMagnolia

Gold & Silver through the ROOF today - dollar tanking. Wall Street panicked...

Keep talkin’, Mr. Pres__ent! You’re makin’ me rich, LOL!

Eat your peas! *SMIRK*


122 posted on 07/29/2011 8:02:26 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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Has zer0 told us yet that, Everything he does, he does for us?

The lies zer0, the spending, zer0care, was all for us? Go back where you have come from for zer0 the lies are older than old.

123 posted on 07/29/2011 8:02:42 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: MissMagnolia

Well, would you want to be the one to tell him ‘no’? LOL


124 posted on 07/29/2011 8:02:54 AM PDT by Spirit of Liberty
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To: Mouton
My President just suggested I contact my Rep in DC....

OK, I just did...

@RepDennisRoss The President suggested I should tweet my Rep. OK...MrRoss, Hold the line! You continue to have my FULL support.

125 posted on 07/29/2011 8:03:02 AM PDT by TheShaz
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Reid blames it all on the Tea Party.

Um-shouldn’t that be tee party?


126 posted on 07/29/2011 8:03:07 AM PDT by Califreak (I heard Reagan is back and this time he's Jewish...)
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To: markomalley
Reid is playing the Turbo Tax Timmy Tax Cheat card. "Companies can't borrow money"

Me, This is a repeat of 3 years ago. GET OUT.

127 posted on 07/29/2011 8:03:16 AM PDT by Drill Thrawl (0 - 537 They ALL must go.)
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To: swamprebel

He looked pretty well rested to me...


128 posted on 07/29/2011 8:03:25 AM PDT by swamprebel ((jmho))
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To: Bushbacker1

What I read between the lines from TOTUS is that by Monday night, with no bill to his liking ( a sellout bill), he will take unconstitutional action with respect to the Separation of Powers. Its coming. The “running out of time” line is the threat.


129 posted on 07/29/2011 8:03:25 AM PDT by AmericanInTokyo (Herman Cain should increase security as Islamists would "fatwah" him for telling the truth on them.)
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To: Mouton

Just heard revised plan will be more like CCB. Hmmmm, why don’t they just say “we passed it already & H.Reid & the Senate are sitting on it?” Then again, pass CCB TWICE ..... & let the ‘flopsweating ferret” deal with that one.


130 posted on 07/29/2011 8:03:29 AM PDT by MissMagnolia (Obama can't run on his record so he is running away from it.)
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To: Mouton

Stupid Americans were just told by O that it is the Republicans fault we lost the AAA status. O just made a new talking point. Did anyone catch that


131 posted on 07/29/2011 8:03:43 AM PDT by silentknight
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To: novemberslady
He knows SS checks will go out.

this is the same speech he would have given if Boehners plan would have passed last night.

BTW why is the House going ahead with this vote to pass a bill thet the President just said has "zero" chance of passing the Senate or being signed by him into law??

132 posted on 07/29/2011 8:04:00 AM PDT by weston (As far as I'm concerned, it's Christ or nothing!)
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To: kristinn

Obama craving more face time. Telepromptered his way through a five minute speech then boogied out of there-— Speech was the same old platitudes plus trying to position the mighty Obama standing above petty Congressional squabbling

He’s headed to Camp David, the golf course, or both


133 posted on 07/29/2011 8:04:50 AM PDT by dennisw (NZT -- works better if you're already smart)
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To: AmericanInTokyo

If he does that, impeachment proceedings should commence right afterwards along with a legal challenge requesting adjudication immediately from SCOTUS.


134 posted on 07/29/2011 8:05:27 AM PDT by kabar
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To: Spirit of Liberty

Betcha he’s a real two year old to deal with.


135 posted on 07/29/2011 8:05:40 AM PDT by MissMagnolia (Obama can't run on his record so he is running away from it.)
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To: RockinRight
8:03 a.m. Sen. Bernie Sanders, I-Vt., says Senate Majority Leader Harry Reid’s deficit reduction plan is bad, but Boehner’s is worse in a Wall Street Journal op-ed published today.

Baseline budgeting makes both plans a joke.

136 posted on 07/29/2011 8:05:48 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: swamprebel
Why did the US get downgraded?

It is NOT because we didn't raise the debt ceiling it is because the Government refuses to stop their spending binge and resultant build up of debt.
137 posted on 07/29/2011 8:06:07 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: swamprebel

Obama knocks GOP plan: “in other words it does not solve the prob & it has no chance of becoming law”

CNBC just now openly stating Repubs OWN the downgrade


138 posted on 07/29/2011 8:06:15 AM PDT by swamprebel ((jmho))
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To: Drill Thrawl

lol


139 posted on 07/29/2011 8:07:12 AM PDT by Girlene
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To: kcvl
We are going to lose our AAA credit rating because of HIS SPENDING!

Barry had help. And last I knew it's been decades since the budget's actually been cut. Which makes both parties guilty as sin.

140 posted on 07/29/2011 8:07:32 AM PDT by mewzilla (Forget a third party. We need a second one.)
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