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House Republicans Plan To Link Debt-Limit And Shutdown Into One Fiscal Fight
Nancy Pelosi tried hard this evening (in the post WH meeting presser) to position the Democrats in order to disavow the inevitable but now Bloomberg is reporting that:
- *HOUSE REPUBLICAN PLAN WOULD LINK SHUTDOWN, DEBT-LIMIT FIGHTS
House Republican leaders plan to bring up a measure to raise the U.S. debt-limit as soon as next week as part of a new attempt to force President Barack Obama to negotiate on the budget by merging the disputes over ending the government shutdown and raising the debt ceiling into one fiscal fight. This is not what most sell-side strategists expected as a base-case; in fact it is close to a worst-case for many - especially given Obama's apparent unwillingness to negotiate.
Via Bloomberg,
House Republican leaders plan to bring up a measure to raise the U.S. debt-limit as soon as next week as part of a new attempt to force President Barack Obama to negotiate on the budget, according to three people with knowledge of the strategy.
The approach would merge the disputes over ending the government shutdown and raising the debt ceiling into one fiscal fight.
“I’d like to get one agreement and be done,” House Majority Whip Kevin McCarthy told reporters today without offering details.
Republican leaders are attempting to pair their party’s priorities with a debt-limit increase, a plan they shelved last month to focus on a stopgap measure to fund the government in the new fiscal year. The goal is to have a bill ready in coming days, even without resolving the partial government shutdown, according to a Republican lawmaker and two leadership aides who asked not to be identified to discuss the strategy.
So... uh...
The President made clear to the Leaders that he is not going to negotiate over the need for Congress to act to reopen the government."
But the Republicans plan to link the debt ceiling to the re-opening of government...
It seems - as President Obama warned - this time is different (no matter how much the Fed tries to do, we suspect the politicians 'need' a crash to get something done)...
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Dude, your genome is a losing hand. Butchtruck's, too. The zombie apocalypse will cure you both.
Perfect. Cross the streams- it's a great idea!
Aah the old rope a dope, call it what you will indian lesbian, MinjIta, twisted logic;
If i hang myself in the morning, i will never have to plead the 5th, should the case ever arise.
ObumbaClot had all dem bankster in the one room today and all of them went home safely; this is the reality.
Make sense? thought not! but what does?
Given how many times Boehner has caved, it is hard to imagine this two- pronged effort will end differently...
perhaps he did cave
and we just have not been told yet
Excellent!!!!!!!!!
I'm starting to not care anymore
Would you trust a squirrel overnight with your nutsack?
The nuclear MAD option. Sadly, Obama is Doctor Strangelove.
actually it was JFK who used that tactic with Khrushchev back in the good ol' days of Cuba and missiles
It’s time to be encouraged. The majority of the House of Representatives have voted to set back ObamaCare. And rather than knuckle under, this majority of elected Congressmen would rather face a terribly biased media, a lying and cheating and duplicitous Senate leadership and Administration, and put up with a government slowdown (not a shutdown) on a subject perhaps as important as anything to come before the Congress except for world war and the Federal Reserve Act.
And, with this, the Republicans are making progress regardless of what the media says, because to the American public the Democrats have become the non negotiators, the ideologues, the politicians who do not care for one single private sector worker.
The Democrats couldn't care less that they're forcing America's middle class to substitute part-time jobs for full time jobs because of Obamacare, to lose their family health care plans, to pay hundreds to thousands more for inferior health insurance, to forego life-saving medical treatment because of government decree, to face a Reaper Curve set up by Obama’s heath care czar, Dr. Ezekiel Emanuel, the minute when they reach middle age.
The bottom line is that ObamaCare tosses the Founders’ Republic into the dustbin of history and forces Americans straight down the Road to Serfdorm, i.e., into Marxist Socialism. These funding bills that the House send over are tabled by Harry Reid. That table is being crowded with the funding of the U.S. government which means at this point the slwdown is in the hands of Harry Reid. He can either rrestart the government or continue posturing for Big Media’s Bernaysian socialist agenda.
Yes, its’ Republican strategy, strategy of how to come out on the winning side. It’s how the world wags. It's strategy by those who object to ObamaCare, it's strategy to stop Harry Reid's calculated destruction. And if some want to call it "theater," let the curtain rise; it's better than knuckling under.
ObamaCare is a loser for the nation. We’re losing our country; that’s why we’re fighting.
The question is, does anybody care anymore? I say they do.
Survival begins in the mind. Surrender never gets one home.
Go to www.dontfundit.com and let your voice be heard.Awesome JR. I will be looking for your comments in the future. Well put...
Nice self-serving spin. But you vastly overestimate these political cowards and the reasons they do what they do.
It's not a fight now, it's a WAR and nobody wants to be the loser in war.
Credit to Ted Cruz and his likeminded friends
They put the GOP in a corner
now it's up to the GOP if they want to go out fighting or kneeling with heads down facing a ditch
Let's get this Party started. Stand and be counted. Leave no place to hide. No easy exit.
This gets better all the time.
I hope the budget crisis goes crazy haywire beyond all imagination.
Yes Tylers, the .Gov does need a crash. Something akin to a Rock Bottom moment. But we know you know this.
If not for the captured status of our elite legislature, a crash could happen. But, somehow I think the money creators have other plans and little patience for usurpation of their agenda.
On a long enough timeline..
The US could not raise the debt ceiling easily... IF THOSE FUCKERS AT THE TREASURY DID THEIR FUCKING JOB AND PRIORITIZED PAYING INTEREST ON THE DEBT... but of course they won't do that...
More surprises to come, I bet. I get the feeling that international lawyer Senator Cruz who defeated foreign intervention in U.S. policies on another occasion is more than able to assist in defeating the enemies at home...
That's not a partisan point, by the way. Allegiance to the Constitution and Bill of Rights is a duty, not an option, regardless of one's color, creed or religion. Something usurped by freaks like Feinstein and Pelosi, good lil pets of dysfunctional crony capitalism and biggest banks ... while their husbands trade and profit on insider information.
@ Constitutional
So true, if only many more had a handle on this. . .
p.s. would that be those old witches 1st 2nd 3rd or 4th husbands?
Doesn't Ted Cruz's wife work for Goldman Sachs. Gee, I wonder which side his bread is buttered on...
We don't have to worry about debt anymore...we can just print it over at the treasury....and not call it "debt"
It's obvious that republican house leadership doesn't control their caucus. The democrats should push to create a separate negotiation with the "tea party" faction. That's really what this is about. Boehner is more than willing to negotiate. He doesn't have the votes and he's worried that he'll get kicked out of the speaker position. I wouldn't underestimate how petty these people are when it comes to power plays.
Just waiting for that short end yield curve to invert even further.
I keep hoping that they will let us go into a ugly default on the debt, that we have created out of thin air, with nothing backing it.
Maybe they'll just make up an arbatrary number like the debt ceiling is 1000 quadrillion, and say the hell with it.
I for one, would like to see a total 100% shut down, and hopefully a few public lynchings.
A guy can dream, right?
gop is in a theater that is on fire but has no exits. "Fuckin cruz brought us here".
killing time cuz your state healthcare.guv website is down? Stick to pushing paper pencil dick.
If .gov defaults I do not think bond yields are going to go down as far as people think. It will cause extreme damage to the credibility U.S. debt, and the $. The longer it lasts, if .gov does default, the $ will sell off hard, after being bought initially. Personally I think we should default.
Regarding the debt ceiling, the cap was hit almost (3) months ago and Jack Lew has been using extraordinary measures (raiding .gov retirement funds) to cover the countries liabilities. Some say it's to the tune of almost $400billion! So, when the debt ceiling is eventially raised that figure has to be factored in on top of any additional spending.
Trade accordingly old friend.
Obummer and his pet puppet Reid are probably hoping that the little people will rise up and demand action. This will not happen as long as the lazy citizens have their cake and eat it too.
no need to do anything. just watch the gop implode. they know how to fuck themselves.
Has Suckington Post been shuttered by the shutdown? It is another twig on the media branch of .guv.
RED TEAM
BLUE TEAM
RAH RAH RAH!
#fuckingdumbass
Obama's approval rating is rising...public is Blaming republicans...
Not true. Never trust polls. The Dems (and Obama) are backing off and giving in to each issue, one by one.
Boehner could take lessons from Putin here.
Who cares.
I knew this would happen, just knew it. The republicans are playing hardball now and they have more leverage on Obama. You see if it was just a shutdown and we where not close or at the limit of borrowing he could allow the shutdown to continue for weeks until the republicans balk from the blame of having so many people out of work. But linking the fiscal solvency to the bill makes it higher stakes. Because now Obama can't act hard and say I won't negotiate because it's the matter of US solvency and trillions of dollars of our economy at stake, he would be to blame if as much as the republicans or more so since they will say it was the black guy who sunk the economy. This would get democrats to vote for the delay of Obamacare and or defunding just so they don't go over the political cliff with Obama.
This was clever, truly clever. After everything he said and doubled down saying that he would stand firm and in the same breath say that the fiscal condition of the US is important. He may end up losing face and having the republicans make him agree to delaying Obamacare if not defunding it. I don't think Obama has the stones to let the US go over the cliff, I should say I don't think the democratic party will allow it to go over on his legacy. They played this well, brutal but well.
I did not know this would happen, Buck, but this might be a strategy that I would have thought earlier was beyond the R-Team.
Yes, if the economy goes off the rails, they will remember "it was the black guy who did it".
As you wrote, brutal but well played.
It's about time the Republican's get some backbone and make Barry squirm. Up till now they've just got him mad for the cameras. And we've seen what a man-child he is. When it is truly required of him to be PRESIDENTIAL and actually negotiate in good faith he will prove incapable and unwilling. The Dems will force him to capitulate to literally save the country from fiscal doom. This really could get ugly enough that an impeachment or a forced resignation is not out of the realm of possibility.
Uncle Joe for interim Prez! Crazy Joe could really play this out to his own benefit. He could come out the hero. Advise Barry to stand his ground and behind his back encourage the party to throw him overboard. He comes in, takes over, pulls us back from the brink and sets himself up for 2016. That cagey fucker is capable.
Obama will reel in that trial balloon floated by Bill Clinton two years ago and raise the debt ceiling by Executive Order if Congress does not capitulate. That's my official prediction; I still think O's bosses prefer a gradual, controlled slide into Chinese-style dictatorship and quality of life for the serfs rather than a verticle plunge into chaos. I prefer the latter, but I don't call the shots.
Or maybe a short-term US default is what TPTB judge to be the next appropriate step toward world-government/world-currency, and they don't think it will cause chaos. Maybe it wouldn't. Disgruntled bond-holders are a different beast than hungry SNAP-deprived zombies.
Pick your poison! http://shutupnsing.wordpress.com/2013/10/03/obamacare-or-islamacare-pick-your-poison/
It should be over by Friday but you never know. Maybe they, ( TPTB), are going to pull the plug.
I must admit that it has been a journey since I discovered zerohedge 4yrs ago. Trying to predict whats coming out of the bag next is damn near impossible but after learning a few tricks of the trade here you kinda know what direction things are going. This government shut down is just more theatre for the masses and I really think this is the old magicians trick like so many others here. The question is , what are they really trying to distract us from seeing?