Posted on 07/28/2011 2:35:25 PM PDT by Evil Slayer
In the end, they will all have to stand before us and the world with a national debt “ceiling” (”suggestion” actually) and figure out how much longer they can play shell games with a national debt of nearly $17 Trillion dollars
I for one am going Galt to the best of my ability
My apologies and sincere regrets to those of my fellow working citizens who depend on consumerism for their livelihood
Whatever happens spin like a dreidle that your side won and the bad evil other side lost.
Boehner is a big government RINO. I believe this is all political theater and he will fold at the last minute.
Here you go:
BreakingNews Breaking News
Senior Democratic aide to @WSJ: Majority Leader Reid to invite GOP to talk compromise http://on.wsj.com/pJ0rRg
My guess is the final bill will be meaningless. Spending and debt will increase faster than ever.
WE were not played for saps
Some of us said this would happen all along.
No surprise.
America once again loses.
Shocker.
Right now Boehner doesnt have the votes. he has postponed it for a bit. Tweet those saying no. Please Please Please get them to stay strong.
And tweet demint, rand and Paul and ask them not to let this get out of the Senate.
We had a really good debate over this issue a little earlier this afternoon and discussed how it could (or might not) happen. Although we did not have the actual Rush transcript which is in this thread, we had some good conversation based on what was said on his show today concerning this issue.
See that thread here: http://www.freerepublic.com/focus/f-news/2755222/posts
wish i could also. but i can’t. i’m stuck.
and HOW did Boehner get to be speaker after this:
“Boehner said the same thing before the TARP vote. He said the exact same thing. He wasn’t Speaker then but before the TARP vote in 2000 he said, “It’s crucial. We’re at a pressure point in the country where we can’t let ideological purity stand in the right thing to do.” “
the Boehner plan adds TRILLIONS to the debt.
and for the first time, EVER, i am disappointed in Colonel West.
doing NOTHING, and letting the ceiling hit, is still better than the Boehner plan.
(the USA AAA rating is GOING to be downgraded either way.)
Colonel West, for the first time i know of in his life,
is NOT making the best decision for his country.
Do a bill that gets us to next August.
Get rid of the commission idea.
Make the election about Cut Cap & Balance vs Tax & Spend.
We’re allowing our elected ‘leaders’ in Washington to run our country into bankruptcy. No matter what bill finally becomes law, our national debt will grow - legally - and the spending won’t stop, just be deferred a tiny bit or hidden. America will still owe trillions that can never be repaid. The Republicans standing strong are to be praised and rewarded for their principled stand while ‘old Washington’ hands’ such as John Boehner are busy selling us out to the Democrats so they can say they ‘saved’ America from ‘default’ and, they hope, get a pat on the back from Paul Krugman or some other leftist. That won’t happen, ever, but the RINOs won’t admit it and keep trying to appease the left while selling out TEA party members principles that gave the majority in the House to Republicans and helped make John Boehner, Speaker. That they even got to Allen West is an indication of how difficult it will be to effect real change in Washington. It may not even be possible, but we have to try in 2012. Vote out the RINOs (Boehner, et al.) and vote in TEA party conservatives that will work with President Palin to change Washington back to something that at least approximates constitutional principles.
we need to cut spending NOW, to have any chance of avoiding a rating downgrade, that will cost us billions more in interest.
Bush ran deficits of .4 trillion. not 1.6 trillion.
there is NO earthly reason, for the deficit to have tripled since 2006. we need to return to the 2006 budget, NOW.
(it actually BALANCES with current income!)
if we pass a temporary bill, the dems and MSM will run scare tactic campaigns, against ALL interest groups.
which will SUCCEED.
the only way around it, is to cut NOW, and make the interest groups COMPETE, instead of cooperate to keep spending big.
in 2012:
“So that becomes the new normal. Now, if we control all three branches, all three branches will have to deal with almost $17 trillion in immediate debt rather than trillions less, and the political situation is not going to be any better in dealing with it.
Let’s just advance forward and let’s say we do win the Senate and we do win the presidency in 2012, but we’ve added $2.5 trillion in debt between now and then.
The political situation is not going to be any better in terms of dealing with the debt. Plus we’re going to have to deal with entitlements as well. None of this does. “
even Cut Cap & Balance would add about 8 TRILLION to the National Debt in the next 10 years.
if a working family hits a credit limit, with a huge debt, they cut IMMEDIATELY. not gradually.
The thing I don't get though is what is the alternative? If the house sits on their hands and sends nothing to the Senate, the House will clearly be at fault.
The GOP has to be willing to let the bill die if the senate changes the bill. And at some point the GOP has to be willing to communicate, that they won't accept a lot of changes in the bill.
I don't think the house needs to be afraid of the ball being hit back to their court. But they just need to be prepared to hit it back and communicate why they are hitting it back.
Let the dems run out the clock and trigger the default. It might be messy but it’s the quickest way to CUT spending and bring down the debt. The way things are going even if we get boehner’s bill passed, we will still have the same problem with the debt.
The creditworthiness of the US is already weakened. Every analyst knows it. It doesn’t take the rating agencies to tell people what kind of state government finances are in. How much longer the rating agencies wait before acknowledging the obvious just depends on when Obama will allow them to announce the obvious.
If Obama can cut a deal that gets him past the election, then he removes out-of-control spending and debt as an election issue.
The Dems win if the election is about personalities and platitudes, because of the power of the MSM and the entertainment industries.
The only way we win is if the electorate is forced to rub their faces in the question of out-of control government bankrupting us during the election season.
Get us to next fall, and let’s have the real fight on spending and the size of the government at a time when the fight does not just involve politicians in Congress and Obama, but the American voters as well.
At least almost all of TARP has been repaid, still about $65 Billion not paid back but nowhere near the $700 Billion that was allocated and the $410 Billion actually paid out
None of which repaid TARP was credited back towards reducing the “Bush deficit”, btw...
Barky still looks us in the eye and claims to have “inherited” over a Trillion in deficit from the previous administratuon
and absolutely NO ONE calls him out on why $350 BILLION in repaid TARP (and profit) was not used back against the deficit
or what happened to the hundreds of Billions in repaid TARP
It is a bad bill to start with. Passing it so the Republicans can save face is no better than just handing the Democrats what they want without a lot of fuss.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.