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A Breakdown Of Who Wants What In The "Grand Bargain... Or Bust" Soap Opera

Tyler Durden's picture


Still don't have your playbill for the latest installment of beltway Kabuki? Confused by what each actor's motivations are in the "great compromise" farce? Here is The Hill with a summary of who wants what so that the race for this year's Nobel prize in most dramatic on screen teleprompted performance is no longer confusing to anyone, especially since the Treasury Secretary is applying for the Nobel prize for most clueless assorter hanger on, with his "we have no Plan B" approach to worst case contingencies.


Obama wants a grand bargain. But even as he
reiterated this preference at a White House news conference Friday, he
noted that the fallback option offered by Senate Minority Leader Mitch
McConnell (R-Ky.) could be a “constructive” way “to at least avert

If the McConnell proposal forms the basis for an
eventual deal, Obama may emerge from the negotiations relatively
unscathed, at least in the short term.

He seemed to be in a weaker
position than Republican leaders just weeks or even days ago. But as
the possibility of default loomed and the president increasingly used
his bully pulpit to cast himself as a reasonable leader frustrated by
Republican intransigence, the ground shifted in his favor.

was the soil in which the McConnell plan germinated. Obama may
ultimately grab it, albeit in the knowledge that shouldering full
responsibility for debt-ceiling increases carries electoral peril next



McConnell’s initial announcement of his plan had all the buoyancy of a lead balloon among the conservative grassroots.

are still unappeased but the idea has unquestionably gained traction —
not least because of the lack of viable alternatives as the deadline
One of the major questions is how much — or, rather, how
little — Republican support it is likely to attract in the House.
Significant Democratic support will almost certainly be needed to keep
it alive.

Even if the plan fails, however, McConnell has
solidified his reputation with all but the most strident of his Senate
colleagues. Many GOP members in the upper chamber are deeply unhappy
with what they see as the cavalier approach of their House colleagues.



Speaker’s standing was diminished when he first seemed to clamber on
board Obama’s “grand bargain” train, and then had to disembark in the
face of opposition from within his own conference. He has also had to
contend with Majority Leader Eric Cantor (R-Va.) becoming the public
face and voice of House conservatives during negotiations.

Boehner will have to play at the top of his game as negotiations move
toward a conclusion. Another stumble could raise serious questions about
his leadership.

But the Speaker has not survived this long
on Capitol Hill without versatile political skills. In particular, his
willingness to let Cantor move to center stage may rebound to his
advantage, especially as his rival ponders whether to back a deal that
will almost certainly involve painful concessions.



has been more forceful than either President Obama or her House
colleague and sometime rival Minority Whip Steny Hoyer (D-Md.) in
defending social programs beloved by Democrats.

accounts paint her as more willing to compromise behind the scenes,
however, so long as Republicans have to share the pain, too. (“A pimple
on your nose is different than a pimple on an elephant’s ass,” was how
she put it during one meeting, according to the Wall Street Journal.)

meanwhile, has done what Reid does: work behind the scenes on the
details of a deal (some modified version of the McConnell plan), while
throwing barbs across the aisle, as when he called Cantor “childish” and
said that he “shouldn’t be at the table.”



good news for Cantor: he has upped his national profile and enhanced
his standing with his conservative colleagues by playing such an
assertive role.

The bad news: he faces some challenging days ahead, whatever way things play out.

he chooses not to accept a deal, Democrats will redouble their efforts
to portray him as the poster boy of Republican inflexibility.

There is also still doubt about what Cantor would accept, short of the conservative ideal. No one seems to know.

assaults on Cantor, including from Reid, may burnish his status, both
within the party and with grassroots supporters beyond the Beltway.



Grover Norquist of Americans for Tax Reform seems more amenable to a McConnell compromise than might have been expected.

“I think there is an argument for a back-up,” Norquist told The Hill. “I like [McConnell’s] approach.”

Norquist added: “Look, there is going to be an election in 2012. We don’t have to change the world between now and 2012.”

an organization closely associated with the Tea Party was, perhaps
predictably, more scathing of the McConnell plan and of the overall

“We denounced the McConnell plan when the ink was still
wet,” Dean Clancy, the group’s legislative counsel, told The Hill

“The White House talks are a sham because the president
is not really interested in a deal,” he said. “We think he wants a
government crisis that he can blame on Republicans.”



On the left, disappointment with Obama now wears only the thinnest of veils.

Silvers, policy director at the AFL-CIO, told The Hill that “our
members are looking for leaders who care about the things that matter to

Asked whether they were finding such leaders, Silvers laughed wryly and said, “Every day is a new day.”

Richtman of the National Committee to Preserve Social Security and
Medicare told The Hill that his organization’s “level of concern was
elevated dramatically when the White House raised Social Security as
being part of a grand bargain.”

Many liberals were actually
relieved when the idea of a grand bargain was capsized by Republican
opposition. But the fluidity of the negotiations continues to cause

“If I’m optimistic now, I might be pessimistic in 10 minutes’ time,” Richtman said.


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Mon, 07/18/2011 - 08:32 | 1465864 BlackholeDivestment
BlackholeDivestment's picture

...just heard, Tiny Tim got eaten by Egan.

Mon, 07/18/2011 - 08:55 | 1465900 depression
depression's picture

Extend & Pretend

Eat that Bitchezzz !!!

Mon, 07/18/2011 - 10:29 | 1466167 Silver Shield
Mon, 07/18/2011 - 13:39 | 1467038 Bananamerican
Bananamerican's picture

on another musical note...I give you, "Permanent Plan "B"

Mon, 07/18/2011 - 08:57 | 1465904 Clueless Economist
Clueless Economist's picture

That clown Cramer on MNBS this AM crowed about what a great treasury secretary Geither is and that there are about 95 Tea Party members of congress that are idiots when they insult him.  He said these people have no understanding of the treasury and are clueless about how wonderful Geithner is. 

Mon, 07/18/2011 - 09:07 | 1465930 SmoothCoolSmoke
SmoothCoolSmoke's picture

Cramer is talking his book as usual.  He's long and he know "no deal", stocks swoon.

Kudlow's the same way for the past 2 weeks.  Potential stock swoon way more costly than tax inceases for his buddies.

Mon, 07/18/2011 - 08:38 | 1465867 lolmao500
lolmao500's picture

If they really were honest, they would pass a one month extension bill... and continue with their balanced budget amendment, 18% of GDP in government spending and 800 billion in cuts NEXT YEAR till they get it... screw whoever opposes it.

Don't budge, just submit this bill, again and again, change the title every time it fails the senate vote... reintroduce it again and again and pass it in the house again and again till it passes.

In other news, 111h22 till July 23.

Mon, 07/18/2011 - 08:35 | 1465869 equity_momo
equity_momo's picture

Fuck the lot of them. Muppets.

Mon, 07/18/2011 - 08:41 | 1465874 jimijon
jimijon's picture

Eric Cantor profited from his airline shorts right before 9/11 very handsomely.


just saying.

Mon, 07/18/2011 - 09:38 | 1466003 kridkrid
kridkrid's picture

gotta link?  I'm interested in reading.

Mon, 07/18/2011 - 12:10 | 1466659 jeff montanye
Mon, 07/18/2011 - 08:42 | 1465875 oogs66
oogs66's picture

can't they just end it?

Mon, 07/18/2011 - 08:42 | 1465877 Jim B
Jim B's picture

It's all Bullshit.....  The Rs will be caving anytime now.....  

Mon, 07/18/2011 - 08:46 | 1465880 LaLiLuLeLo
LaLiLuLeLo's picture

I hope they pass gas. This fiat vampire will meet it's

Mon, 07/18/2011 - 09:14 | 1465944 PaperBugsBurn
PaperBugsBurn's picture

I agree. This is all cheap theatrics. The economy is dead. Forty years of neoliberal globalization has done its work well. Perpetual QE will not be tolerated. The euro banksters are being actively wooed by BRICS. It's the world against the dollar.


Golden nukes (and otherwise too, probably) will be deployed.

Mon, 07/18/2011 - 08:44 | 1465881 earnulf
earnulf's picture

Why actually do anything constructive when you can just kick it down the road, paper it over or bail it out?

Once people wake up and realize it's all a grand cluster, it doesn't matter how far you've kicked it down the road, only how far away you can get from the folks with the pitchforks and hot tar.

Mon, 07/18/2011 - 08:50 | 1465888 lolmao500
lolmao500's picture

And more BS from Obama :

President Barack Obama says America does not need a balanced budget amendment to the Constitution, and he once again blamed much of the fiscal problem on Bush-era tax cuts. “We don’t need a constitutional amendment to do our jobs,” Obama told reporters at his Friday news conference. “The Constitution already tells us to do our jobs -- and to make sure that the government is living within its means and making responsible choices.”

What a comedian!

Mon, 07/18/2011 - 09:37 | 1466000 XitSam
XitSam's picture

Obama wants a grand agreement to get past Nov 2012. If he wins, he won't care about anything except golf. If he loses, Republicans get all the blame.

Mon, 07/18/2011 - 09:47 | 1466025 Buckaroo Banzai
Buckaroo Banzai's picture

OK, I get that politicians in general are lying sacks of shit.

But if someone invented a cyborg designed from the ground up to be the perfect lying sack of shit, that cyborg still wouldn't be as big of a lying sack of shit as Obama.

Mon, 07/18/2011 - 08:51 | 1465891 caerus
caerus's picture

an acceptance by the president of the "responsibility" for a debt ceiling increase would imo be an unwise ceding of power to the executive's looking more and more likely, however since congress seems unwilling, as usual, to make the tough decisions

Mon, 07/18/2011 - 09:10 | 1465908 SheepDog-One
SheepDog-One's picture

Gold is making their decision for them ahead of time! Daring them to print more Fiatsco's.

Mon, 07/18/2011 - 09:16 | 1465953 PaperBugsBurn
PaperBugsBurn's picture

Yep... anybody who really understands what's going on knows this is war.


Golden nukes against the juden-fetzen, illuminati dollar, bitches!!

Mon, 07/18/2011 - 09:36 | 1465996 rwe2late
rwe2late's picture


"unwise", but nevertheless the declaration has not been ruled out.


A possible (plausible?) scenario:

Obama declares authority to raise the debt limit as an "emergency" measure to avoid economic calamity.

Congress (mostly Republicans) will then attempt to pass a measure disallowing Obama's executive action. Even if they are able to pass that measure through Congress, they will be unable to over-ride a presidential veto.

It's a win-win for the politicians. Obama gathers more executive power, and gets to claim he saved the nation from disaster. Republicans get to claim they voted against incurring more debt, and against big government "tyranny".

Then on to the next political theater, where both plutocrat parties can dance around some meme like "supporting the troops" as the rationale for continuing the occupations of Iraq and Afghanistan, and escalating the conflicts in Pakistan, Somalia, Libya, Yemen, and maybe even Syria-Iran.

Mon, 07/18/2011 - 15:26 | 1467602 BigJim
BigJim's picture

What could go wrong?

Mon, 07/18/2011 - 08:53 | 1465895 tim73
tim73's picture


Mon, 07/18/2011 - 10:03 | 1466071 snowball777
snowball777's picture

...he said, cowering behind a US missile shield.


Mon, 07/18/2011 - 08:53 | 1465896 Gordon Freeman
Gordon Freeman's picture

Joe Kernan just wondered if "maybe Americans have already come too far" in their quest for austerity and fiscal prudence...

You can't make this stuff up.

Mon, 07/18/2011 - 08:54 | 1465899 SheepDog-One
SheepDog-One's picture

Bunch of hobos arguin over who gets stuck paying the dinner bill. 

Mon, 07/18/2011 - 08:56 | 1465903 BlackholeDivestment
Mon, 07/18/2011 - 08:58 | 1465905 john_connor
john_connor's picture

He seemed to be in a weaker position than Republican leaders just weeks or even days ago. But as the possibility of default loomed and the president increasingly used his bully pulpit to cast himself as a reasonable leader frustrated by Republican intransigence, the ground shifted in his favor.

Is this the opinion of the "The Hill", or even worse, is it based on the inexact science of polling a small non-representative sample size.

Mon, 07/18/2011 - 09:02 | 1465918 SheepDog-One
SheepDog-One's picture

No this is more like the drama that goes on backstage in between fights at the WWE show.

Mon, 07/18/2011 - 08:59 | 1465909 buzzsaw99
buzzsaw99's picture

moody's wants the ceiling raised which means the banks want it raised which means it will happen. give the pugs a fig leaf and more business as usual bitchez.

Mon, 07/18/2011 - 09:04 | 1465923 SheepDog-One
SheepDog-One's picture

Nuclear war busts out in a month anyway, who really cares about this debt ceiling drama illusion?

CVN 77 G.H.W. Bush Enters Persian Gulf As CIA Veteran Robert Baer Predicts September Israel-Iran War | zero hedge

Mon, 07/18/2011 - 10:10 | 1465981 i-dog
i-dog's picture

My money's still on a Sept/Oct "surprise" for Syria. They announced the mobilisation to the troops a month or so ago.

Mon, 07/18/2011 - 10:39 | 1466208 NoClueSneaker
NoClueSneaker's picture

You win ...  two slices ( Syria + Lebanon ), b4 swallowing the whole pie ...

Mon, 07/18/2011 - 09:05 | 1465910 THE DORK OF CORK
THE DORK OF CORK's picture

Yee guys are giving yourselfs the worlds reserve asset every time you raise your debt limit.

Why would you want to stop such a arangement ?

Europe is at the sharp end of this imperial tax as the banks take those new dollars and speculate on Euro debt , commodities etc.

All of our base belongs to you.

Italy vs US: playing a different game

Mon, 07/18/2011 - 09:01 | 1465914 SWRichmond
SWRichmond's picture

[Obama] noted that the fallback option offered by Senate Minority Leader Mitch McConnell (R-Ky.) could be a “constructive” way “to at least avert Armageddon.”

Remove "Armageddon" and insert "Reality."

Mon, 07/18/2011 - 09:06 | 1465928 SheepDog-One
SheepDog-One's picture

Yea, who are they actually fooling anymore?

Mon, 07/18/2011 - 09:39 | 1466008 Oh regional Indian
Oh regional Indian's picture

SWR, equally important is th efact that he is calling it Armageddon.

That is social engineering.

Sky will fall if ceiling is not raised.

Remember remember 08 September!


Mon, 07/18/2011 - 09:05 | 1465924 Bob
Bob's picture

This article severely understates the ire of "progressives" for Obama.  I don't spend much time in any online echo chambers, but I've seen threads a thousand comments long in which 99% of the posts were bitter oaths to never support or vote for Barry again, regardless of how the current drama plays out.  Virtually everyone on the "far left" sees him as a neo-con Trojan Horse.

Mon, 07/18/2011 - 09:07 | 1465932 SheepDog-One
SheepDog-One's picture

Gee, only took em 3 years to see the obvious.

Mon, 07/18/2011 - 09:10 | 1465936 Bob
Bob's picture

You gotta admit that it has become "progressively" more obvious over time.  And, that said, it seems reasonable to give them credit for being willing to change their opinions--there's far too little of that in the world today, imo. 

Mon, 07/18/2011 - 09:12 | 1465943 SheepDog-One
SheepDog-One's picture

When they finally are forced to face reality that the gig is over and theyre cornered, then it gets real dangerous for us.

Mon, 07/18/2011 - 09:23 | 1465971 Bob
Bob's picture

Indeed.  I would hope for real liberals, conservatives and libertarians to set aside their differences and move together on critical issues of major agreement such as defense spending, "Homeland Security," personal liberty, government transparency, rule of law, etc .  

Unfortunately, in addition to our own ignorant biases, the entrenched dog and pony system makes this highly unlikely. 

Mon, 07/18/2011 - 09:34 | 1465992 Oh regional Indian
Oh regional Indian's picture

I remember telling my ex, who was in Paris at the time of his election what I knew of him. She was deeply offended.

Then, back in 08, a group of American Students were visiting th euniversity where I had my company (incubator). I told them a little about Omama. They hated me after that and never spoke to me again. :-) Those of us who knew, knew a long time ago.


Mon, 07/18/2011 - 09:58 | 1466055 Buckaroo Banzai
Buckaroo Banzai's picture

Friends and acquaintances of mine who are otherwise extremely intelligent are STILL in the tank for Obama-- even though it is obvious to anyone who bothers to look that Obama combines the worst elements of both Bush2 and Clinton.

I would be in utter disbelief except that I was once plugged into the liberal matrix myself-- a card-carrying "Clinton Democrat". It wasn't until a few years after Clinton left office that I had my awakening. Clinton now appears to me as he is, a vile prestidigitator completely lacking any moral center.

As skilled an illusionist as Clinton was, Obama is even better. I fear for the soul of my country, and my countrymen.

Mon, 07/18/2011 - 10:12 | 1466102 SilverDosed
SilverDosed's picture

You said it well, as skilled as slick willy was he pales in comparison to the sleight of mind tricks that Obama has mastered.

Mon, 07/18/2011 - 10:19 | 1466135 Oh regional Indian
Oh regional Indian's picture

BB, like all else, even the leader"ship" is evolving. The proles have a lot at stake and no power except outright anarchy to change course.

Palin/Schwazzeneger(sp) 2012.

Count on it. Right alongside King Will I Am!


Mon, 07/18/2011 - 11:24 | 1466436 Buckaroo Banzai
Buckaroo Banzai's picture

Palin doesn't stand a chance against Obama, Obama is the PTB's boy, the Manchurian Candidate. He will be selected to a second term even if it requires massive voter fraud (which it most likely will). Maybe there is someone on the republican side who is being groomed to take over if Obama fails to carry the PTB water, but if there is, it sure isn't Palin.

Schwarzenneger needs a Constitutional Amendment to get on the ticket, which won't happen.

Mon, 07/18/2011 - 11:51 | 1466575 i-dog
i-dog's picture

I beg to differ, ORI. My prediction is that there will be no 2012 election...just an election campaign, followed by an "Oops, sorry folks, but the freedom-hating terr'rists are simply everywhere so we're declaring a state of emergency and martial law to save your freedoms. Stay indoors and all hail Emperor Obomber!"

Mon, 07/18/2011 - 09:12 | 1465942 Ham Wallet
Ham Wallet's picture

99% of "progressives" that post on lib blogs are unemployed drones who steal bandwith from starbucks. 

 Obama isn't paying for their gas...or their student loans for that degree in Philosophy w/ a minor in interpretive dance, of course they're upset.

Mon, 07/18/2011 - 09:26 | 1465973 Bob
Bob's picture


Mon, 07/18/2011 - 09:36 | 1465986 island
island's picture

I happen to agree with Bob.   You are making a mistake by falling into a "sweeping generalization" about progressives - the same mistake Obama and friends are making.  Barring a Palin or Bachmann type on the GOP ticket in 2012, Obama is going to have an incredibly hard time getting votes from much of his 2008 base, much less progressive independents.  Obama's rhetoric in 2008 got him votes,  thus winning to serve his bankster terrorist friends who put him in office. . . but the jig is up.  Anyone with critical thinking skills, and who gets what is going on is gonna have a tough, tough time voting for him in 2012. 

If you want to take the pulse of true progressives, you should routinely read Chris Hedges (at

Mon, 07/18/2011 - 09:40 | 1466013 Bob
Bob's picture

Yeah, I see Hedges at, whose mailing list I somehow got on.  And those are the "progressives" I'm describing.  Hell, even the folks on the liberal short bus, like moveon, are getting a clue. 

I don't know why it's not showing up in the polls, but Barry's in serious trouble imo.  The "Milesone" election of a black president can only happen once . . . and the black vote will not turn out in the numbers it did for his first election. 

IMO, only the republicans can save Obama . . . by running a Bachmann, Palin or Perry. 

Mon, 07/18/2011 - 10:46 | 1466233 kridkrid
kridkrid's picture

A fairly likely 3.  The R's will provide a candidate who can either win or lose depending on which scale the thumb is placed.  If the end goals are achieved more easily with the R than with the D... so it will be.  Was GHWB really so bored at the debate as to peer at his watch in the made for TV moment of the '92 election?  His turn was over.  For whatever reason (perhaps NAFTA) it was time for a D in office.

Mon, 07/18/2011 - 09:49 | 1466031 calltoaccount
calltoaccount's picture

and don't forget:

 which aggregates the most relevant no bullshit daily commentaries (including Hedges') re our pig plundered system-- and efforts in opposition.

Mon, 07/18/2011 - 10:04 | 1466074 Buckaroo Banzai
Buckaroo Banzai's picture

I wish I shared Bob's optimism about liberals and the so-called "progressives". As a recovering liberal/progressive, I profoundly understand that liberalism is indeed a mental and spiritual disorder. At its center is a fundamental denial of the realities of human nature.

You simply can't negotiate with people who don't have a grasp of reality. The best you can do is deprogram them, which unfortunately takes years of effort. And we don't have years.

Mon, 07/18/2011 - 09:06 | 1465925 oldmanagain
oldmanagain's picture

The depth of this article on a ten foot scale is two inches.

Mon, 07/18/2011 - 09:07 | 1465929 Oh regional Indian
Oh regional Indian's picture

What a cast of clowns. 

And yet, I really don't feel like laughing. It's also such pointless drama. Debt ceiling. Hah!

Given the years of leaks into their real lives, it's a surprise teh great revolt hasn't happened.

Anyone remember Mr. Iraq Big Bertha Murtha and his steep fall from fame?

Can't wait for that kind of disclosure on this cast. If they can bring down Murderock, hopefully this lot is not too far higher or lower on the food chain.

I'd actually contacted Pelosi's hubby while in San Fran for business. Invest in India!

My eyes were tight shut back then.


Mon, 07/18/2011 - 09:07 | 1465931 Quinvarius
Quinvarius's picture

yuan revalued 9% last night.  not a peep.

Mon, 07/18/2011 - 10:18 | 1466130 gwar5
gwar5's picture

What? No shit? Thanks, I hadn't heard.

As they raise the value of the yuan they get cheaper oil and other resources for input costs, in addition to their cheap labor. Another competitive advantage, one we'll never see.

Mon, 07/18/2011 - 09:09 | 1465935 ziggy59
ziggy59's picture

the funnynanimal farm is looking to change the rules again?

Moody's suggests U.S. eliminate debt ceiling



to Printing Infinity and Beyond!!!

Mon, 07/18/2011 - 09:14 | 1465949 SheepDog-One
SheepDog-One's picture

So now Moodys are the world leading economic advisors? I thought they were just book keepers.

Mon, 07/18/2011 - 09:28 | 1465982 Bob
Bob's picture

+1 emperor's new wardrobe.

Mon, 07/18/2011 - 09:14 | 1465946 BlackholeDivestment
BlackholeDivestment's picture

...just saw Gold hit $1600. Is it me? or is it really ironic that the Government is so corrupt and in need of being overthrown, it is now claiming to debate how to destroy the value of labor from Capitol Hill to 1600 Pennsylvania Avenue ...and Americans still have not torched either?

Mon, 07/18/2011 - 09:18 | 1465961 foxmuldar
foxmuldar's picture

isn't it nice to know that at $1600 an ounce, our Fed bozo Bernanke continues to say gold really isn't a currency. Looks like more are selling their treasury bills and buying gold. I don't trust folks like Buffett who keep bashing gold. But then Buffett made his big bucks by making sure all the big buyers know ahead of time what he is buying.

Mon, 07/18/2011 - 09:14 | 1465948 foxmuldar
foxmuldar's picture

Why hasn't the GOP harped more on the fact that the Democrats have not presented a budget in over 800 days? If the GOP caves and Obama accepts the McConnell plan, then were all fucked. Ain't no way that Obama cuts anything. All we have is a promise, from a liar who continues to talk out of both sides of his lying mouth. One side says he will cut spending, and the other side talks about investing in the future. The latter is simply more spending. Democrats only know one thing. How to spend other peoples money. Its how they continue to get elected, buying one vote at a time.

Mon, 07/18/2011 - 09:16 | 1465952 SheepDog-One
SheepDog-One's picture

Right they havent even had a passed budget in 2 years. This is nothing but a show scripted by Vince McMahon, to distract from whats really going on.

Mon, 07/18/2011 - 11:19 | 1466391 rwe2late
rwe2late's picture

"Why hasn't the GOP harped more on the fact that the Democrats have not presented a budget in over 800 days?"  -  foxmuldar

answer -  because both teams belong to the same owner.

 Choosing which of the teams should represent the plutocrats and their corporations is a pointless exercise.

It's a mind-numbing spectacle for the fan club, all show and no audience participation, similar to major league sports, but more like pro wrestling.

Best analogy though, is two crime families vying for your vote. Your choice, Gambino or Genovese?

Mon, 07/18/2011 - 09:15 | 1465950 lizzy36
lizzy36's picture

Geithner has everything handled.

He is going to play amongst GOP and Democratic politicians. Same as he did with the banks post LEH. He tried to marry Pandit and Blankfein (still makes me laugh but i am a dork). Maybe this time he will try and marry Pelosi and Cantor (lmao).

I know that Tiny Tim is doing a heckva job. Booyah.

Mon, 07/18/2011 - 09:17 | 1465957 jmcadg
jmcadg's picture


Isn't this all grand standing bullshit. The debt ceiling WILL be increased regardless as:


The 14th Amendment to the U.S. Constitution, Section 4:


The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.


Mon, 07/18/2011 - 09:20 | 1465966 SheepDog-One
SheepDog-One's picture

Debt ceiling increase means more unemployed americans will be looking at $5 gas and ridiculous food price surges. Go for it.

Mon, 07/18/2011 - 09:31 | 1465984 Bob
Bob's picture

No way will Barry put his balls (benefit of the doubt on anatomy) in that chopper. 

Mon, 07/18/2011 - 09:17 | 1465959 monopoly
monopoly's picture

Sick and tired of following this crap. The ceiling will be raised and noone will discuss how we pay this money back, because we can't. Game over at some point.

Mon, 07/18/2011 - 09:51 | 1466039 Oh regional Indian
Oh regional Indian's picture

October looking more likely SD1.

Close approaches of large planetary bodies stokes great madness in the minds of ordinary men, great lust for power in the corruptible.

War it is for sure. Perhaps Elenin has something to do with it.


Mon, 07/18/2011 - 11:50 | 1466569 Bob
Bob's picture

Thanks for the heads-up, ORI.  What do you think of this rebuttal I found:

Mon, 07/18/2011 - 09:33 | 1465964 island
island's picture

The one thing we can be certain of: "the small people" will be screwed.

Mon, 07/18/2011 - 09:46 | 1466020 Incubus
Incubus's picture

small people are made for screwing.

Mon, 07/18/2011 - 15:40 | 1467669 RockyRacoon
RockyRacoon's picture

...and the media's job is to make us think it's fun for all.   If the banksters, politicians, and the mega-business types keep taking away the lube it's gonna be bad for everyone.   At least a reach around would be nice.

Mon, 07/18/2011 - 09:38 | 1466007 SheepDog-One
SheepDog-One's picture

Funny how all this has removed 'QE3' from all headlines and everyones minds. Job well done on the script writing, Vince McMahon!

Mon, 07/18/2011 - 09:46 | 1466022 SheepDog-One
SheepDog-One's picture

Still theres not 1 number in this article about 'what everyone wants', all just political stage props.

Mon, 07/18/2011 - 10:14 | 1466111 Larry Darrell
Larry Darrell's picture

You already know the numbers.

Ceiling (target) = +2.5 trillion

Cuts = 0


I find it amusing that everyone is so well conditioned that not once in the article or yet in this comment thread has anyone stated the obvious................

there's not even a mention of what the "people" want.  And there won't be until the other side of the revolution.

Mon, 07/18/2011 - 09:50 | 1466037 exceller
exceller's picture

haha yeah right, McConnell sure has solidified his reputation.

Mon, 07/18/2011 - 09:58 | 1466054 snowball777
snowball777's picture

Wow....from "drown it in a bathtub" "we don't need to change the world by 2012". LOL

Mon, 07/18/2011 - 10:04 | 1466075 Jovil
Mon, 07/18/2011 - 10:11 | 1466101 gwar5
gwar5's picture

Obama and the Pelosicrats were supposed to have done yearly budgets the last three years when they were in charge, as required by law. But the democrats didn't even propose any budgets. US Propagandavision let them get away with it. 

Why did the Dems not do budgets? Because they knew their yearly budget deficits were simply too massive, irresponsible, and embarrassing, especially in an election year like 2010.

Some say the socialist democrats have no shame, but they're wrong. They do. They're just able to work around it like serial killers. 

Mon, 07/18/2011 - 10:15 | 1466115 wisefool
wisefool's picture

A Breakdown Of Who Wants What In The "Grand Bargain... Or Bust" Soap Opera


Hey, lets not judge our government too harshly. The actors get it honest.

CNBC - Diana Oleck (today and every day since 2008) "Good, honest, hard working  Home Builders are reporting negative news based on the on the fact that they are having to compete with foreclousures. Foreclosures are are homes that were built by the evil homebuilders, and are saturating the market. FOR SHAME!"

NBC - Donald Trump "I made my billions honestly. I need a new apprentice, how's your bankrupcy law kid? You're hired"

Fox News - "Michelle Bachmann gaining ground in Iowa" Hey Michelle, if the president thing does not work out, we will hire you to do our taxes. We were only able to yank a couple billion in transfer payments from the liberals last year."

MSNBC - "Umm, we need to do some stuff, and we need rich people to pay taxes, unless thier names are John Kerry, Jeff Immelt, or Barrack Obama. Cause they give thier time and energy to the causes we preffer so they should be rewarded with absurdly low tax rates. Thats just how we roll"

Mon, 07/18/2011 - 11:40 | 1466527 glenlloyd
glenlloyd's picture

Yeah, well Bachmann can go on home, she's not making any ground with me and I'm in Iowa.

Changing from D to R won't make the problems go away, creation of said problems was a joint effort between D & R.

Mon, 07/18/2011 - 11:55 | 1466591 hannah
hannah's picture

the democrates want to transfer all wealth to the rich thru taxation....

the republicans want to transfer all wealth to the rich thru taxation....

i dont see the difference both sides are trying to max out the money channeled to their group. neither group is in office to help americans or make this a better world. until everyone realizes that...we will continue off the cliff.

Mon, 07/18/2011 - 12:02 | 1466625 wisefool
wisefool's picture

The Democrats want to transfer wealth to the government, certain types of rich and poor people. They will do whatever it takes to accomplish that.

The Republicans want to transfer wealth to the rich, and certain types of poor people. They will do whatever it takes to accomplish that.

<sarcasm> ... I think I am missing something ... <sarcasim> ... All I hear is a giant sucking sound ... probably unsafe at any speed ... 

Mon, 07/18/2011 - 12:48 | 1466814 slewie the pi-rat
slewie the pi-rat's picture

looks like "labor" didn't get the memo that the banksters have the poli-puppets looking after the things that matter to them, not labor.

Mon, 07/18/2011 - 12:57 | 1466852 Jack Kreuz
Jack Kreuz's picture

The drama is not about raising the debt ceiling, rather it's about who gets what after raising it.

Tue, 07/19/2011 - 00:57 | 1469229 bk1037
bk1037's picture

Plan B calls for Congress to have its cake and eat it too moment under the McConnell plan. They get to vote against debt limit increases and pin political fallout on Obama when he vetoes. Whatever the side one takes on the debate, the fact that our slimy politicians, both sides, only look to deflect blame and focus on the next election make me totally ill. Combine with the fact that this Congress is as non-prolific as it can be, with only a handful of legislation passed so far this year makes me question. Exactly what is the purpose of the legislative branch any more, since they are clearly abdicating key responsibilities in the Constitution when the most difficult votes and responsibilities are passed up to the president, including war in Libya with voting against it while not voting to defund it, and now Plan B for debt management launched by the Republicans. The dysfunction in Congress is now bordering on the critical level. These strident sharp public differences between GOP and Dems is clearly affecting their ability to do their jobs. Why do we need them in this environment, can someone explain to me?

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