43 Senate Republicans Oppose Reid Plan; Lacks Votes To Clear Cloture

Tyler Durden's picture

After the Senate promptly voted down Boehner's congressional plan, now it is the GOP's turn to return the favor after a House vote on Reid's bill is imminent at around 2:30 pm EDT, and will result in a vote down in kind. Furthermore, as The Hill reports, virtually the entire Republican block in the Senate has sent a letter to Reid expressing their opposition to his proposed legislation. "Their unified opposition to the bill leaves Democrats at least three votes short of the 60 needed to a clear cloture and virtually assures its defeat when it comes up for a vote tonight or tomorrow morning. Only moderate Republican Sens. Susan Collins (Maine.), Olympia Snowe (Maine), Scott Brown (Mass.) and Lisa Murkowski (Alaska.) did not sign on the letter." This is not surprising and it means that the only potential plan is one based on compromise, most likely using the uber-toothless McConnell plan which essentially just raises the ceiling by $2.5 trillion or so and envisions nothing else, as a framework. That said, we doubt a compromise plan is feasible especially since Wall Street refused to take the bait and umble at least 10% in the past week. In other words, we may well enter the Asian open again, not to mention FX in 26 hours, with absolutely nothing firm on the table. Only this time, there will be 24 hours until the Treasury runs out of cash, sales of Fed tungsten notwithstanding.

From The Hill:

"We are writing to let you know that we will not vote for your $2.4 trillion debt limit amendment which, if enacted, would result in the single largest debt ceiling increase in the history of the United States," reads the letter.


Senate Minority Leader Mitch McConnell (R-Ky.) took to the floor moments after the letter was delivered to assure Reid, who was also on the floor, that the proposal had no chance of clearing the chamber.


"It’s not going anywhere," said McConnell. "It will not pass the Senate. It will not pass House."


McConnell also accused Reid of "delaying the inevitable" defeat of the bill and called for an immediate vote. The first procedural vote is currently expected at around 1 a.m. Sunday morning. 


Reid responded to the news of the letter, which he apparently received while he was on the floor, by asking McConnell what Republicans would agree to since they oppose his plan.


"What will they vote for?" asked Reid. "Do they have any ideas? Let me know.”

The Reid plan, as it currently stands would have President Obama request a $2.4 trillion debt-limit increase in two installments of $1.2 trillion each. The requests would be subject to congressional resolutions of disapproval."

This ongoing childish stalemate will most likely force Obama to indeed pursue the 14th amendment, which could shortly thereafter escalate into a constitutional crisis, which will have a far worse outcome than the simple downgrade of America to AA.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Ahmeexnal's picture

UN blue helmets are already being mobilized to seize assets in the US.

markmotive's picture

Is this democracy at its best? Or at its worst?



r101958's picture

It is politicians at their worst.

Fish Gone Bad's picture

Q: What did the hand say to the face?

A: Slap! (slapping face)

What exactly is the purpose of having a limit on the US's debt?  I know, I know, so things don't get out of hand.  Looks like the US is in a helleva mess already.  It is time to clean house. 

A Man without Qualities's picture

If there were a secret plot to utterly discredit the whole notion of democracy, you couldn't do better than the current farce going on in Washington.

The parallels with the chaos in Rome before the emergence of Sulla as dictator are astonishing...  I keep asking myself, will there be a new Sulla emerging out of this chaos.



TaxSlave's picture

Whatever.  At least we've been able to stop them for a few weeks.

Let the new Mao figure out how to live on $200 Billion a month.  Because even then, the answer will still be NO MORE.

It's not my debt.

I'm not paying it.

Long-John-Silver's picture

The only thing they will seize in Dixie are the pointed ends of fired bullets. 

cosmictrainwreck's picture

blue helmets ROFL (you are just funnin' us right?) but I'll play....who the fuck's gonna "command" 'em? and even if they had a CENTCOM, still a clusterfuck

you got me goin' though.....hmmm...contemplating scenarios,,,,will advise

DeadFred's picture

I imagine it will be the great military leaders of Italy and France. It does make you tremble to think about.

Iam_Silverman's picture

"I imagine it will be the great military leaders of Italy and France. It does make you tremble to think about."

Didn't I read somewhere (oh yeah, here) that the Turkish Army wasn't doing anything particularly important right now?  I'm sure they could provide some battlefield C&C...

HungrySeagull's picture

Aint no damn blue helmets heir on the strauss. Hay-ul no damn it

Scrat run after the nuts and hurry fast before you lose em all.

DormRoom's picture

One Debt to rule them all, One Debt to find them, One Debt to bring them all and in the darkness bind them

TwelfthVulture's picture

As a citizen empowered under the US Constitution, a blue helmet is a legitimate target.

Iam_Silverman's picture

Now hold on there feller!  Before we start shooting them up, why don't we ask exactly which assets they came for?  I don't think that I could bring myself to start unloadin' on em if they only came to take Pelosi, Reid, Obama, etc back with them - or to occupy DC, LA or Detroit.

StormShadow's picture

None of those is an asset...all are liabilities

jkruffin's picture

Just think,  China is going to end up the biggest bagholder ever known to mankind!!!  ROFL

When US defaults, Greece will tell the EFSF to Fuck Off!  LOL  So will Spain, Portugal, .....you get the picture.

China will be left BAGHOLDING!!!!!!!!!! Suckers!!!!!!!!!!  and good for them too for making knock off crap and trying to get rich off it.

cosmictrainwreck's picture

I likes it! unfortunately, may force China to reveal its alternate "economic powerhouse" = 400 million testosterone-charged, bored & aimless males

InvalidID's picture


 You think this is a game of Risk? How will they move 400 million guys out of China and into the US or Europe? Lot's of ocean between them and us and them. There would be a lot of fat sharks.

Iam_Silverman's picture

" How will they move 400 million guys out of China"

Look at the BDI, lotsa unused capacity there!  Maybe the Greeks can use their shipping assets to "work off" their bond debt?

cosmictrainwreck's picture

no, it's not a game, douche-bag.

1) there are no oceans twixt China & Europe...pick N, with the Emperor's blessings or S thru Iran

2) 400 Mil (wild-as guess) is just the intimidation factor...only need a tiny % of that

3) "oh...no prob...we just nuke the mofo's".... in your dreams. toss one little EMP & you have no firing switches & no telecom.... just standing there with your dick in your hand

4) ETC.


ps: I have zero confidence in the paper-pushing, politcally quagmired, beaurocraticaly paralyzed, pansie-ass pussies in the Pentagram, killing time to their pensions & consulting gigs to defend us from a even a Hatian invasion; sure hope yer not banking on them

InvalidID's picture


 Ok, I'm a douche-bag. But I gotta tell ya it's better than being an internet retard.

 1) and 2) You're gonna walk 400million (or 4 million as a tiny %) guys from China to Europe? What fucking planet do you live on? The logistics alone make this impossible. Don't forget that here in the 21st century we have flying machines. Those things make it tough to march across 2 continents.

 3) Did I say nuke? We don't have to even invade China. 400 million guys make it tough egg to TAKE, but they ain't coming here. Not to mention an ICBM isn't going to be taken out by your EMP. They can go into outer space now. Really, it's true. Go to www.space.com they have pictures to prove it. If an ICBM was that easy to take out no one would be worried about nukes anymore.

 4) ETC? Is this Nancy Pelosi? Come on, if it is just tell us.


 I have a lot more confidence in those paper pushing pussies than I have in a guy that's suggesting the Chinese can march from Beijing to Berlin.

MrSteve's picture

And after those troopers take over the desert in Mongolia, how far do they have to swim or march for their next conquest in a wilderness? Hmmm. Maybe they are not the 900 pound gorilla everyone imagines them to be. Natural limits and all, ya know.

cosmictrainwreck's picture

nah, forget Mongolia... waste o' time. A challenge foraging Kazakhstan, true, but not so hard on the S route. Meanwhile, airlifting com-con to "special zone" [courtesy of the Tsar] outside Kiev, and etc. Pipedreams? sure. but if you got nothin' to lose.....WTF? one helluva adventure for the young-un's and way big booty for the fat cats

HungrySeagull's picture

China has what? 6 Trillion dollars Yuan?

"Charge or Debit?"

Neither, the People's Vault Key here.... ka-ching, paid for.

DeadFred's picture

The Chinese are the thing I fear more than the politicians incompetence. When the DC actors are going through their high-wire acrobatics it would only take a move by the Chinese to bring the house of cards down.

They announce they're sick of the charade and will be selling off their Treasuries, they decide to set up a new asset backed reserve currency maybe partnered with someone like Russia, India or Iran, maybe they send a missle into some US destroyer that is a little too close to their shore, what happens then? In some ways it serves their purposes. It takes down the old alpha dog and lets them take over that role. The external threat is the oldest trick in the book for putting down internal discontent and they have rising discontent. I have no way of guessing how likely it is but be assured they are looking into the possibility and running the risk/benefit analysis. They know Obama won't start WWIII over something that is largely of our making.

InvalidID's picture


 If they put a missile into a US ship

 1) The world would flock to the dollar

 2) Obama wouldn't have a chance to fuck it up, the Navy and Airforce would destroy anything Chinese within range of US bases or assets nearly instantly.

 3) Europe, USA, Australia, Canada and others would instantly be out of recession. War time economies and the draft would eliminate unemployment.

 4) Any debt owed to China would disappear... instantly.

 5) China would no longer be a manufacturing nation. No oil would make it to her shores and no factories would remain.


 I could go on and on but the end result would be the end of China as we know it. It would suck ass for the rest of us too, don't get me wrong, but it would be suicide for China.

TwelfthVulture's picture

This is so funny I don't know where to start!  We can't bring a third world nation of 20 million under control (i.e., Afghanistan), however, I am to believe that a first world nation of 1.3 billion will be a walk over.  A nation that also happens to control the supply of critical minerals necessary for missle guidance systems, etc... (i.e. rare earths).

And I almost forgot, the last time the Chinese and US air forces engaged, the US ended up begging the Chinese to return the remains of our super secret double probation spy craft.

And don't forget that the possibility that America has been installing Chinese made chips and components into critical systems that may be virus preloaded is keeping our national security apparatus up at night.

DeadFred's picture

Sadly I think you're right. Our military, which is first rate IMHO, is strung to-hell-and-gone over this planet and lacks confidence in it's commander-in-chief. If the Chinese keep the provocation in line, i.e. a mere destroyer and not an aircraft carrier, Obama would seize the opportunity to divert attention, declare victory and walk off the field with his tail between his legs. Incidents happen all the time.  When Wong Wei 'accidentally' collided with the spy plane it was in retaliation for when we 'accidentally' programmed a GPS smart bomb to hit the Chinese embassy in Serbia. And don't worry too much about the Chinese chips, only half of them have embedded viruses, the others are just defective counterfits.

DCFusor's picture


You don't know much or are being deliberately disingenouous.  yeah, it's really hard to fight against guerillias, and we're not tooled up for it -- 99% of what we have that isn't just plain ol boots on the ground is utterly useless.  It's just about impossible when you can't tell them apart from the putative good guys, because they aren't a military using official gear, wearing uniforms and so forth.

Now, when it's a whole country, not just a hidden faction within it you're at war with....it's a very different story indeed.  When it's military on military, the game is far different, and that is a game we ARE tooled up for  We've got lots better stuff than we used to bomb Europe back to the stone age in WWII, and more of it, and no worries aobut "collateral damage".  Far simpler problem even though the scale is larger.

Let's hope it doesn't happen, but your comparison is simply invalid as hell -- ask any military person or analyst.


Every conflict we've "lost" was due to trying to preserve the bulk of the population.  That would't apply in this case.


TwelfthVulture's picture

America hasn't won a war since 1945.  Unless, of course, you count the great Granada War.  In fact, the last two times the US confronted the Chinese in actual battle was through proxy in Korea and Vietnam.  And that didn't quite work out the way your analysts expected.  I am not being disingenuous.  America behaves exactly as a nation in decline behaves, complete with extreme overconfidence in its abilities.  How's that military on military thing working out for you in Libya?  It seems to be following the genius analysts' playbook perfectly ... quick in, quick out ... just like all the rest, Korean, Vietnam, Afghanistan, Iraq.  What did the analysts claim, again?  That's right, a matter of DAYS.  We are a technologically superior force.  They have no navy, no modern airforce.  I guess we should add military analyst to the list: economists, weathermen, analysts; wrong more times than they're right.  Have you actually talked to any "military persons" lately?  Perhaps, you should read the recent preparedness report that states that current inductees can't complete 50 mile forced marches with full pack.  Yeah, this conflict should be easy, the enemy (Chinese) look much different than we do, should be easy to differentiate.  Oh, no, we prolly can't do that, that would be too discriminatory, can't profile, can't have our precious children think ill of those who don't quite look as we do.  Bomb to the stone age?  Give me a fucking break!  America doesn't have the stomach for war.  In my lifetime alone, we've had ample opportunities to "bomb our enemies into the stone age"  and yet we can't bring ourselves to the task.  Fuck, wait until the EPA and/or the Sierra Club realize that some river in China is home to some rare ass snail darter.  We'll send troops in to PROTECT the Chinese and their land.  We'll turn the war into a humanitarian crusade.  Before you junk away, remind me again how many fucking schools/infrastructure projects have we built in Iraq and Afghanistan using military personnel in the past 10 years?

Oh, and that 1945 thing.  Keep in mind that the allies defeated Germany, considered the finest, most disciplined, most technologically advanced fighting force of the time.

Pay Day Today's picture

China has taken the US 'battlespace' concept and also applied it in orbital space, cyberspace and financial space.

China has demonstrated anti-satellite weapons previously, and demonstrated that they could get a sub into the middle of a carrier group.

We would all be much better off if no one stepped up to this kind of conflict. There is no fun in getting your national power grid or your airspace control "cybered".

Pants McPants's picture

All that flag waving must give you pretty strong shoulders.

HungrySeagull's picture

If they put a missile into a US ship


... if what? It's happened several times, USS Stark, HMS Sheffield (Pretty good show eh what?) and USS Cole among others...

 1) The world would flock to the dollar

...What?! No no no. They are building a Yuan/Ruble (What is USSR's curent money called anyway?)....

 2) Obama wouldn't have a chance to fuck it up, the Navy and Airforce would destroy anything Chinese within range of US bases or assets nearly instantly.

....Instantly aint gonna happen. Guam will be lost, Okinawa gone, Hawaii and some of our important Space assets needed to find targets on land and sea. Maybe even a carrier or two will be lost. It takes hours of flight time and days of sail time and humongous resources to target, plan, load and execute a attack....

 3) Europe, USA, Australia, Canada and others would instantly be out of recession. War time economies and the draft would eliminate unemployment.


...Europe will face a winter without Russian or Siberia Gas, Austrailia will be on somewhat thin ice when her Mineral Exports quit moving or get sunk and Canada has her own worries....

...War time US Figures for draft that I know of show 18 million of fighting age men between 18 and 35. Half of which have never fought, will never fight and don't have the mindset to accept the training, draft or anything. The other half need 6 months with a good percentage washed out due ot medical, criminal or mental issues to become green and up to a year before deemed fit enough to ship out as "Replacements".,....

...China can snap fingers and speak a command and 2 million active duty will put boots on the ground and millions upon millions will mobilize.... Your US Military Unit will kill thousands, but when they are out of ammunition then they get buried in a human wave.....


Regarding Unemployment, they build artillery missiles south of here and Uniform hats etc. They also do other things such as MRE etc in just my state alone. To gather up 400,000 people and spool them up to speed at wartime tasks on a industrial scale will take months.

 4) Any debt owed to China would disappear... instantly.

'''''Only to motivate China to hit us even harder. They nuke St Louis and Leesburg VA destroying most if not all of our Telephone networks and remove Walker Lake, Baytown, Hungington Ky, and most of the East Coast.... They have very large networks inside our own Nation in the form of Civilians within thier chinatowns and resteraunts which has existed for a hundred or two hundred years....

 5) China would no longer be a manufacturing nation. No oil would make it to her shores and no factories would remain.

...They wont need to be, all they will have is resources and a great deal of it. The rest of the world will need it. She does not need oil. Only coal....


 I could go on and on but the end result would be the end of China as we know it. It would suck ass for the rest of us too, don't get me wrong, but it would be suicide for China.


300 million US against 1 Billion Chinese is a null result. The damage done will pernamently create a void for Russia or Iran to step in to fill.

InvalidID's picture


 Stark, what happened to the Capt of the Stark? He was FIRED. You think another Capt is going to risk getting punked in front of the world? I doubt it. AWACS ordered planes in the air to intercept and destroy the attackers but ground control lacked the authority to scramble jets. Think they fixed that yet?

HMS and you lost me there. I said US.

USS Cole? Were they suppose to shoot at the dead bodies of the suicide bombers? Or the bits of what might have been bodies?


Yuan/Ruble? Get back to me with something real. Besides which, do you think the bulk of the wealth in the world would back China and Russia? You even think Russia would want to get involved? I don't, cause if they did the Yuble would already be real.

If they decided to sneak attack us I have a hard time believing we wouldn't know SOMETHING was up. Until they destroy those space assets at least.

And China will get it's oil where? You think they will be able to ship oil across the Pacific I suppose? Again you assume Russia would side with China. I don't think Russia wants war, they aren't ready and they don't need it.

 Human wave eh? Unless they can walk on water they aren't a problem. You aren't going to suggest they will march to Europe like the moron above I hope.

 Now we're nuking shit? Well then it's over cause everyone dies. They nuke us, we nuke them... then it gets cold and we all starve to death.

The war you describe above leaves everyone without a need for oil. We'll all be in the stone age if the nukes start flying. Even Iran and Russia.

TwelfthVulture's picture

Yeah, they could never walk from China to Europe to rape, conquer, and pillage.  No one's ever done that before.  Good thing they can't walk from China to Afghanistan either.

InvalidID's picture


 I'm going to assume you're making a joke. Anyone that thinks you could march from China to Europe today and survive has no creditability at all, and no idea what modern warfare is about.

The last people to make that march were on horseback, and the most advanced weapons used string for fuck sakes!

TwelfthVulture's picture

Yeah I'm joking.  Here's another joke for you: I think 19 men armed with box cutters could kill over 3,000 people.

BTW, from the western Chinese border to Warsaw, Poland is a little over 4k KM.  From Charleston SC to Bagdad is over 10K KM.  So I guess distance doesn't really matter.

InvalidID's picture


 Think 19 men armed with box cutters could pull it off again? Remember people were trained to do as the hijackers said and everything would be ok? Yeah, seems like that's over.


 So you are comparing Iraq to Europe? You think the US and Europe would just let all those Chinese just march on over and set up shop? You don't think they'd kill them in transit? You don't think it would be a death march the entire way over?

 You are a retard. I can't have a conversation with with a mental defect about something that requires at least an IQ of about...95? Have a nice life.

oldman's picture


What's all of this fear business? All I have heard on the street since I returned three months ago is Fear; fear of flies, sewage, water, ants, mosquitoes, bats, etc.------and now you are using the same word.

Sorry to be so strong about this, but it will all work out-----'she'll be all right, mate'

I've never been anywhere except the US of A where the word fear was the first thing out of a person's mouth.

Never forget that there ain't no way out of here except death---and death ain't such a bad friend              om

Conrad Murray's picture

Odumbo the Commie-in-Chief is smiling a smile as wide as the Grand Canyon. His grand plan to destroy the United States of America is sailing smooth.

HungrySeagull's picture

He is slobbering like a teenager with his first kiss while touching boob.


That poor man is gonna faint while his head swells and swims with the ultimate power of the mighty credit card limitless raising no one can deny!~ No credit check here.

hurdygurdypauliepoodle's picture

and his 13 year old buddy chimes in too...

hurdygurdypauliepoodle's picture

Ahhh, the 12 year olds repeating what grumpa said after watching Teevee

mailll's picture

And the charade continues.  My take on this is that it will continue for another week or two, and then there will be unconditional surrender on both sides.  The debt ceiling will be raised with very little spending cuts.