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.
" “The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
-- Senator Barack H. Obama, March 2006
They work very hard to retain the title of "The Stupid Party"
DumBO’s phrasing that we are just paying the debt we have “racked up” is code for he is going to use the 14th Amendment.
I’d rather have cuts than BBA, but whatever.
I bet Boehner would like to lock the Senate RINOs and House Tea Party members in a sound proof room and come back in 4 hours and just do what the survivor(s) say(s).
Imagine trying to negotiate something Jordan and Snowe would agree on!
Found a dead chicken (the most prolific egg layer) in the hen house this a.m. - the proverbial 'fox in the henhouse' I guess. Sort of like the fox in the country's henhouse, that being BO ...... killing those who are productive & lay the eggs (create jobs, pay the tax burden) in this country. Lots of varmints out there ..... more in government than lurking around real hen houses.
It is better for Repubs to pop the bubble now, and start the collapse.
Otherwise... the collapse will come AFTER the next President is elected. There will be no saving the economy at that point - the same as now - without drastic reductions in government regulations. Almost impossible - since politicians are idiots about what rules to keep, what to get rid of.
And with the extra 2 to 4 trillion of debt that WILL accumulate between now and January 2013, there will be no way to sell Treasuries to anyone. The government will lose all ability to borrow soon.
This Federal debt bubble must be burst NOW, on the Democrats watch.
They (and the big cheerleader media) keep ranting about how they will pin it on Repubs - that is horsepucky.
Voters will want a change in fall of 2012 if we have a collapse NOW.
If voters’ lives are basically the same in fall of 2012 - THEN DEMOCRATS STAND A CHANCE OF BEING RE-ELECTED because they can lie like a rug and many will believe what they say. But if things get REAL bad between now and then, the Tea Party will sweep 2012 elections big time - AND have the mandate to hack government down to a smaller size.
Which will give ENORMOUS confidence to the markets as far as buying U.S. Treasuries. The old-school Repubs and Dems will be seen by the public as they problem that they are, as freshman Congressman who could have tons of clout can really clean house legislatively.
IMHO...
Please, a bit of help for the ACRONYM impaired. What is BBA?
Thanks.
LOL. If Geithner or any Treasury secretary had that kind of power, it would suspend belief.
Cuomo's Lesson for House Republicans New York's Governor exposes the fraud of 'baseline budgeting.
Of course they were going to say that. They've had that ready to print for awhile now.
Remind me how they reported about the debt ceiling debate in 2006, and who 'owned it' when n0bama (as a senator) said this ....
“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
“Reid says he will not accept a six month debt limit extension.....”
Because that would spoil the Congress’ Christmas vacation plans ......
why isn’ the GOP of stupid capturing these comments and using them over and over again!!!!!!!!!
I am willing to own it ... if they will just GIVE it to us and let us fix it
“He knows SS checks will go out. “
Called Reid’s office, told them they were lying about SS checks and they told me that Obama will shut down the offices that print checks.
King Richard Obama(Dick for short) is following Alinsky’s Rules to the fullest attacking the tea party, making crisis worse than it is and I bet he will use the 14th.
IMHO, “Wall Street” has been a complete fake since TARP; how much before, I dunno. Stick a fork in it, it’s done.
I don’t doubt it - he’s trying to destroy the country one way or another .... a constitutional crisis would add some gasoline to the fire he’s already started.
That’s from an Obama speech in March 2006...”words matter”.
;)
balanced budget amendment
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