DC Soap Opera Update: 17 Republicans To Vote Against Doomed Boehner Plan In The House
Below is the latest soap opera update per Bloomberg:
- House can pass Boehner debt-limit proposal without the support of no more than 23 of chamber’s 240 Republicans; 17 have said they will vote “no,” according to Bloomberg count.
- US House of Representatives tentatively scheduled to vote on Boehner debt bill between 5.45-6.15 PM EDT
- Measure needs 217 “yes” votes to pass.
- No Democrats have said they will support the plan.
- Vote expected around 6 p.m.
- House Republicans meeting this morning at 9 a.m.
- Reid has said measure will not pass Senate and Obama has threatened veto.
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Boehner is pulling a Gingrinch; how long until he claims he's "...not willing to preside over people who are cannibals" from the Tea Potty?
Patriots Bitchez.
The Tea Party will eat Boehner's lunch. Patriots, bitchez - is right.
For those not familiar with the Tea Party agenda:
1) Get rid of the Democrats.
2) Get rid of the Republicans.
3) Be fiscally responsible.
What a coincidence ... 1 and 2 are also on Obomber's agenda!! (He also claims 3, but his lips were moving when he said it).
You forgot an agenda item.
The most important agenda item.
4) Suck Koch
You forgot an agenda item.
The most important agenda item.
4) Suck Koch
There is no need to bring Barney Frank into this discussion, is there?
Wrong sucker. Wrong Koch.
Koch...as in Bros. Industries.
Never have so many old, fat-assed Americans been on-board with promoting the agenda of Billionaire predators.
1. Ron Paul
2-17 ?? Anyone have a list of patriots willing to vote "no" to the continuing madness?
Hasten the Collapse, OBAMA 2012
i would bet Walter Jones (NC) and Connie Mack (FL) are no voters
same with bachmann but i dont trust her "patriotism"
Just found this: Conservative groups making final push to defeat Boehner plan: http://politicalticker.blogs.cnn.com/2011/07/28/conservative-groups-maki...
Here are the 18 firm "No" votes:Representatives Todd Akin of Missouri, Michele Bachmann of Minnesota, Paul Broun of Georgia, Jason Chaffetz of Utah, Jeff Duncan of South Carolina, Jeff Flake of Arizona, Chuck Fleischmann of Tennessee, Phil Gingrey of Georgia, Louie Gohmert of Texas, Tom Graves of Georgia, Tim Huelskamp of Kansas, Jim Jordan of Ohio, Connie Mack of Florida, Mick Mulvaney of South Carolina; Ron Paul of Texas, Dennis Ross of Florida, Steve Southerland of Florida and Joe Walsh of Illinois.
Here is who to call to pressure for a "No" vote: Representatives Allen West of Florida, Marsha Blackburn of Tennessee, Bill Johnson of Ohio, Blake Farenthold of Texas, Doug Lamborn of Colorado, Mike Pence of Indiana, Austin Scott of Georgia, Bill Flores of Texas, Jack Kingston of Georgia, Scott Garrett of New Jersey, Joe Barton of Texas, and Kevin Brady of Texas
How effing stupid are people??? There ARE NO cuts in any of these plans, only cuts in the rate of growth.
OK Larry Krugman listen up. If I spend $1,000 a year on clothing and plan on spending $1,300 next year, but I pledge only to spend $1,200, that is NOT a cut of $100.
That is what these morons in DC are pushing, and to make it worse it is spread out over 10 years, backloaded of course.
But the MSM will report a deal was reached with $2 Trillion in cuts.
ARGHHHHHHHH
Yeah, same goes for Paul Krauthammer.
I agree with that, Clueless, but there's only so much shit that can go down at one time in the public discourse. That's the sad reality. Look at the poll numbers showing how fed up Americans are as a whole with this, and needless to say, many of these idiots will think the crisis will be largely passed if they reach an agreement on a way forward out of this. Your example points out quite well the status, we have no chance of getting down to the $1,000 level in your example (or perhaps even $900 to allow debt reduction once more) for the long term future. More and more, those on the international front may begin to compel action on this strategy, not just improvement but long term trajectory to actually reduce debt not just slow the rate of increase. How come we all can see that, yet common sense leaves the building when these people go to Washington? I hate saying this, but perhaps we need something forced on us to manage the debt better because we seem to be unable now to do it on our own. Sad.
They should just call it what it is and that is "slowing the rate of spending" and not a cut.
The only cuts this Congress can realistically enact are the cuts for this Congress. There is no way they can credibly claim to have the power to make cuts for future Congresses. My friend Pluto will gladly pay you Tuesday for a hamburger today.
To answer your question, the sheeple are very effing stupid. I was just telling my wife how ridiculously small the cuts are if you spread them out over 10 years. Hell, even if we cut 1 trillion from the current budget we would still be running a deficit. The fact of the matter is that the government will not make any cuts until ABSOLUTELY necessary. That will come when Medicare, SS, Medicaid, defense spending and the interest on all of this debt consume so much of our budget that they will be forced to cut virtually all discretionary spending. Gov't is never proactive...always reactive.
Right. everyone knows the answer is just go along and print ever more money, heaven forbid the bankruptcy is actually ever addressed and some multi billionaires actually have to take a haircut, OH NOES cant have that! Saying this is all BS is 'irresponsible' because we all know not raising the debt ceiling to infinity in a depression will cause 'catastrophic results' and we cant deal with that. Far better to have complete total collapse later, just not now.
"hyperinflation or death"
- raise the ceiling (2T)
- make substantial cuts (e.g. SS inflation adjustment and means-testing...$4T over 10 years)
- raise revenues (e.g. eliminate loopholes and make hedge compensation income like any other)
You know you're on the right track in politics when everyone has something to complain about.
[Far better to have complete total collapse later, just not now.]---SheepDog-One
IMO
Better to put it off until later? Since when did being honest "later" become the greater virtue?
SheepDog, what's going on? You don't seem yourself lately.
Yup, exactly.
Boehner = Gingrich
Obama = Clinton
Can't wait to see the political cartoon of Boehner in diapers crying on the cover of the popular press on Monday. On second thought, maybe not.
Burn baby burn!!
http://www.youtube.com/watch?v=A_sY2rjxq6M
This is much better...
http://www.youtube.com/watch?v=0lhf9U5Wf3Q
Quite true!
Or this:
http://www.youtube.com/watch?v=B_3TlrZLpQ0&ob=av3e
http://www.youtube.com/watch?v=Lp3kcHchD1Y
+ infinity morello's the shit...watched him play with cypress hill a while back
they cant travel
.
900 billion dollars into the future
the best thing that could possibly happen is nothing passes, they don't raise the debt ceiling, and they have to start prioritizing payments, now that would be something to watch
Better get the EMS lined up for when the octogenarian gangs start to roll (some quite literally) on Washington for "my check" (if you've ever heard a retiree talk about their "check" as if the entire damn country works solely to support their prescription drug habit and condo lifestyle, you know from whence I speak).
Not to be a bitch, but many of those retirees paid into SS for 40 years or so. I'd want my check, too. Hard to be pissed at someone who is pissed because the .gov stole their money.
.gov has stolen a lot of people's money. When 40 cents of every dollar spent, is borrowed, who pays for that?
I'm not sure I understand your point. The people who lent money to the .gov pay for it. I know you're trying to make a point, but I don't see how it pertains to my point, which is if the .gov takes my money and promises to pay it back, I'll be understandably pissed if they don't pay me back.
It's called INFLATION, that's where the Gov takes everyone's money (denominated in Fiat of course).
I've paid my car insurance for 20 years and never received a check. If they'd paid in what they're taking out, they'd have reason to complain. Until then, means-testing.
The people who paid into the Madoff Ponzi scheme want their check too. It doesn't change the fact that SS is a Ponzi scheme and that the "trust fund" was already spent on foreign adventures. Rape my grandkids if you must, but I want my check.
The people who paid into the Madoff Ponzi scheme want their check too.
And guess what? They are getting a good chunk if not most of it back, too.
It doesn't change the fact that SS is a Ponzi scheme ...
You apparently dont know what a Ponzi scheme is.
... and that the "trust fund" was already spent on foreign adventures.
No, it was 'borrowed' and spent in the general treasury as has been done for decades. The only difference now is that SS is changing from a net gain in revenue to a net cost. Too bad that Congress has to actually pay back that money but they had damned well better carry through on their promises. If they just repay the stolen/borrowed money, SS is good for several more decades.
Rape my grandkids if you must, but I want my check.
How about we just stop baling out these damned Wall Street banks instead? No one wants to rape your grandkids.
"the Treasury could print money to pay its bills, and the Fed could soak up the excess liquidity by selling its Treasury holdings. Between the Fed’s holdings of Treasurys, and Fannie Mae andFreddie Mac bonds and other securities held by the Fed, this drill could keep the government going and all creditors paid for another 18 months."
http://www.csmonitor.com/Business/Latest-News-Wires/2011/0728/Can-the-Treasury-Department-really-run-out-of-money/(page)/2
Sell to whom?!
Good point....China?....It's the theorehtical stuff floating about...Not even sure if the numbers are correct...Maybe it's a hopey changy thing. I know I wouldn't buy them....
FYI: I bought tons of "that stuff." I have made over 500% gains on it.
A counterparty as always. The price is the only issue. Might not be what they're carrying them on their books though!
Sell them to Sheeple in the form of "recovery bonds". It's all the rage you know. Patriotic too. Mandatory. Automatically deducted from their paycheck. Only a Terrorist could say no.
It would be comical, if it wasnt so serious.
Situation hopeless, but not serious...
Exactly what Obama wants. Now he can invoke the 14th Amendment and pronounce himself Dictator of the United States.
Exactly! (If not now--due to a last minute "compromise"--then most definitely next year).
How does 'invocation' work exactly? (Declare TARP, TALF and PPIP to be "incurred in aid of insurrection or rebellion against the United States" and hold them "illegal and void"? Works for me...)
How about passing that agreement that Boehner and Reid agreed on last last Sunday with 800 billion in tax base increase that president skuttled in the very last moment with an additional 400 billion in new taxes? It can possibly pass House and Senate. If Obama vetoes it - it is all on him. Fair and square - it would also avoid any downgrade I understand because cuts there are substantial.
Nothing will make it to Obama's desk unless he wants it. The Senate is Obama's veto.
Agreed. I was making this point to someone yesterday.
The tax base increase was something that they were going to count explicitly, but not something that was going to result from action.
The GDP projections embedded in the CBO baseline presumes growth, and lower unemployment, and increased tax revenue as a result. They were going to count that, even though it's in the CBO baseline (just as the war drawdown savings are in the CBO most plausible baseline).
Nothing new was going to happen. It was window dressing to get Dem votes.
The truth of the matter is the Democrats had total control of Congress and the Presidency for 2.5 years and not once, not even once, did they pass any sort of sweeping tax increase. They didn't do it for one reason: They could not have gotten it past their own caucus. It would have been voted down by . . . themselves.
Now, they withdrew that request for that reason and another. Tax increases are instant fiscal contraction. No 10 year delay. Instant. It would crush GDP in FY2012 and jack up unemployment during the campaign.
They are all lying to some degree.
I think these men should hold the line. There comes a time when people must restrict the errosion of our future to the hands of banking parasites and say ENOUGH.
Either we suffer the consequences now, or our children will face the hardship years from now. The one thing we should all pledge to do is leave this earth having done all we can for those we brought here.
Stay strong!
I am The Chief
Yeah, about that - I think our children are going to "face hardships" regardless of what hocus-pocus comes out of this particular budgetary process.
Which is exactly why repudiation is the only reasonable choice... although, I think it's a fair question to pose that if we are planning on repudiating, why not spend until we can spends no more?
But while pile yet even more on top of the crap they are already destined to deal with?
The bankers have taken your insipid pledge and will crush you with it.
The only feathers I see are the ones you have stuck up your ass.
Bankers welcome austerity under a FED system.
Absolutely. The banksters have become "flush" with cash again, and are salivating at the thought of picking up some good bargains in the coming deflationary crunch.
When I say flush, I mean that relatively, as they still are holding a gazillion in mark to fantasy assets already that qualifies them as insolvent.
They want blood in the streets, as the little guys will fail before they do. They have the .gov to back them up, being TBTF and all. They need deflationary times to acquire some valuable assets at pennies on the fractionally created dollar. That is how the game is played. They gorge themselves on interest during the boom times, then take possession of the real property during the bust times.
Fractional Reserve Banking 101.
pods
karzi and pods -
It matters not how much cash they have if said cash becomes worthless. I hold no CDS or worthless loans or over valued real estate - They are holding that shit and are about to be forced to eat it. No more sucking us dry.
I am The Chief
Obama wants the 14th admendment..it will make him look powerful and decisive......I just hope the Republicans immediatly start the impeachement...
Yeah, that worked out great last time. LOL
There will be no impeachment for such a reason.
The maneuver itself would be pointless and is unlikely for that reason.
You see, spending authority expires 1 October on the FY2011 continuing resolution. He has to stop spending at that point regardless of the debt ceiling.
So the maneuver has no point. It would buy only 6 weeks.
Ah, the greatest lie ever told.
The point would be to put the power in POTUS hands.
It's a very big point , really.
When the President has the authoritah to arbitrarily raise
the debt ceiling and print fiat currency you have abolished
the final relationship between money and stored value
of work man hours.
He can buy as much time as he wants, anytime.
You will have also just trash-canned the last vestife of restraint on the Oval Office as well as the Constitution itself in all practical terms.
Thought it was 80 Repub nos on raising the debt increase?
Boehner is just a Pelosi in wolfs clothing, same shit different tyrant.
"Obama has threatened veto."
I believe they said, "senior advisors to the president would recommend a veto". Thus, as always, meaning nothing.
Who are the presidents senior advisors? The Wu Tang Clan?
http://www.youtube.com/watch?v=YvY6DU-uEiw
http://www.youtube.com/watch?v=YvY6DU-uEiw
double posts ain't nuttin ta fuck wit either...
I heard Insane Clown Posse moved into that tent in the back of the White House.
diversify your bonds, son
I think some are starting from the false presumption that this thing can be turned around.
Sorry... We crossed the point of no return years ago.
What you see now is nothing but a comedy routine before the end.
Forgive the 1.2T US owes the Fed and go from there...
They have he funds to pay necessary debts, and SS.
If they choose not to, it's ALL on the Obama Administration.
I recall the Health Care Bill, the Nazi's in control then, did not even allow the GOP in on the meetings, nor were they allowed time to read it. Even though liar Obama said it would be ONLINE for all Americans to read for 48 hrs before the vote.
No one was given time to read 2000+ pages of socialist/fascist shit.
As the Union's wrote it, and the Upper Echelon Dems.
60% + of Americans said NO, the Dem's did it anyway..............So who's ass is the blackest here?.
So funny, when the Dem's get their way, they always are happy.
The picture of Pelosi with the 30# Gavel w/ the $20k plastic smile marching to the Floor to vote the ObamaScam into place was Sooooooo wonderful.
Sorry puta.
When given a choice between stiffing soldiers and old people with their hands out....go with the old people.
It's like playing a game of chicken with an iceberg...
This reminds me of the Greek austerity votes where the sole focus is on 5 or so votes.
The dog and pony race always comes down to 'teetering on 2 votes, someones got to swing here theyre neck and neck' then last second the 1 vote to get over the finish line is always found!
This will pass the House, which then puts the ball in Reids court.
If the Senate down votes this bitch it will be their asses on the line.
Of course, I would like to see something pass and go to Obama's house so he has to sign and look like like a little biatch.
That's the attitude why this drama continues and escalates. It's not about addressing the issue, it's about attempts to make the other guy look bad. So much for being the United States of America.
Well, the American ideal was lost a long time ago, and at this point I could give a flying fuck what happens with our economy and the debt and anything else.
I have my ducks in a row, which is all that matters.
Amen to that Cone, only ones in trouble are the crooks on Wall Street. Default is good for every citizen across the board:
1. Lower taxes
2. Dollar stronger and gets a ton of buying power back
3. Wall Street euphoria gets pummeled
4. TBTF goes bankrupt and those worries end
5. Oil prices, food prices, and other prices collapse
We can keep going about how good default really is, but the Wall Street politicans will lead you to believe it is bad...Ask all the previously defaulted countries that defaulted how much better everything is for them now.
Sorry, all of this is in La-La land. No chance in hell of lower taxes for a long time no matter what happens. Wall St. may go through some uncertainty but will all the billions there, they will weather this. You forget the financial elite control the Congress, TBTF will not be allowed to go under. ANd it's a real dream for pricing to collapse. What you actually will get is a variation of more of the same, with America continuing on its diminished status, with people questioning their lending money to the USA, so interest rates certainly will climb or they won't lend money. All the other countries are not the United States, with its unique position in so many ways. They are afraid like hell of another destabilization, this time globally, a la Lehman. The fiat structure, or Ponzi, will continue.
For someone like Cone who is self-insulated, I'm not going to debate that. But I'm willing to bet you there are a lot more people in this country who are interested in the economy, and much of the drama is intended for those people instead of those that have concluded it's over and have shut themselves down. I am not one of those.
Sorry, all of this is in La-La land. No chance in hell of lower taxes for a long time no matter what happens. Wall St. may go through some uncertainty but will all the billions there, they will weather this. You forget the financial elite control the Congress, TBTF will not be allowed to go under. ANd it's a real dream for pricing to collapse. What you actually will get is a variation of more of the same, with America continuing on its diminished status, with people questioning their lending money to the USA, so interest rates certainly will climb or they won't lend money. All the other countries are not the United States, with its unique position in so many ways. They are afraid like hell of another destabilization, this time globally, a la Lehman. The fiat structure, or Ponzi, will continue.
For someone like Cone who is self-insulated, I'm not going to debate that. But I'm willing to bet you there are a lot more people in this country who are interested in the economy, and much of the drama is intended for those people instead of those that have concluded it's over and have shut themselves down. I am not one of those.
I guess all the politicans need to go back in and come up with another plan, they forgot this........
Gov't: Health tab to hit $4.6 trillion in 2020Any way to find out who the 17 are?
no ceiling raise, infers cuts. it infers the spending will be cut as of tommorrow , and all planned spending increases will be cut forthwith. the tea party have the best plan of all.
now its ju7st upto to president " the buck stops with you" obamma. to sit back and wait for someone to actually work out where the cutsa are going to come from.
and gold and silver are down.......buy those treasuries...yeah right
oops .