Follow The Congressional Debate On The Boehner Plan Live
Those interested in the apex of today's Congressional charade can follow the House debate on the Boehner plan live at the following link. It appears that the House does have enough votes to not only take up the debt-limit plan but to successfully pass it (has to be over 218). As a reminder the actual vote is expected to take place at around 5:45pm.
Watch live streaming video from cspan at livestream.com
Summarizing from the Hill:
The House will hold a critical vote on the Republican Budget Control Act, Speaker John Boehner's plan for raising the debt ceiling and deficit reduction.
Members met at noon for legislative work, and are expected to start with the rule for the budget bill, S. 627. After an hour of debate on the rule, two hours of debate start on the bill itself, controlled by the Rules, Ways and Means and Budget committees.
A final vote on the Budget Control Act is expected sometime around 6 p.m. (notably, after the markets are closed). Just before the vote, Democrats are expected to offer a motion to recommit the bill.
According to an informal whip list kept by The Hill, 22 Republicans are either no votes or leaning against voting for Boehner’s measure. At least another 44 Republicans are publicly undecided, or their positions are unclear, according to The Hill's list.
Boehner only needs 216 instead of the usual 218 votes to pass his debt-ceiling plan when it comes up for a vote Thursday evening.
Normally 218 votes constitute a majority of the 435 members of the House.
Boehner can afford to lose two more votes in part because Rep. Maurice Hinchey (D-N.Y.) will not make it back for the vote because he is recovering from colon cancer surgery.
(3 votes)
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It failed. I can't beleive it failed!
How could it fail!
The elite have not donated enough to the various PAC's of the House leadership on both sides of the aisle. Nothing brings in the DOHllars like the threat of representing the people.
link to free standing live feed of proceedings (frameless)
http://cdn.livestream.com/grid/LSPlayer.swf?channel=cspan&clip=&time=&co...
Anyone watch the speech yesterday where John McCain called Tea Partiers "hobbits...who will return to the center of the Earth" once the GOP blocks the debt ceiling from being raised?
LOL
I bet all the Republicans-turned-Tea Party-goons who voted for McBush in 2008 are scratching their heads today. It seems like such a slap in the face to Palin, Bachmann and the entire right-wing brigade of goons, carnival barkers and rednecks who supported him in 08.
Strange how the debt ceiling was raised 74 times since the early 1960's and seven times during the Bush administration, yet hardly a word was ever said. Bush even mailed everyone a check for $300 6 months before the 2008 elections, and all those Tea Party hobbits ran straight to the bank.
This crisis is a perfect display of partisan politics. Now with Obama in office and we're confronted with the worst economy since the Great Depression, right wing bobble-heads are suddenly calling for austerity. Great timing, eh? Wall Street got their TARP, TALF, ZIRP, QE1, QE2, etc. etc. etc., and now it's time for the American laborer to "suck it up," as Munger would say. It's so obvious the right-wing is doing everything they can to ensure Obama can't turn the economy around. Imagine the rage of the white supremists if the black president saved the country from the destruction of the Texas cowboy before him.
LOL
No, I voted McCain, and call self Tea Party. Not scratching head, everyone have own point of view, so what?
But crisis is not about partisan politics. It about dollar and inflation. Only reason stock market go up is from spending and kill dollar. Support Tea Party because realize only way for nation be strong is stop spending. Wall Street should not have got TARP, TALF, etc. and Tea Party oppose it. It how Tea Party started, idiot. Tea Party say NO to TARP.
Disgusting avatar BTW. Fuckhead.
Me Tarzan. U Jane. Go Tea Party.
You really need to rip the bandaid off you upper lip and eat your peas...or sumpin.
Boner is gonna keep it up all night for Reid ;-)
Then the only reason the nation can be strong must be an immediate culling of the herd, in your eyes, of between 60-120 million people. (And 60M is not an arbitrary minimum -- it's the government figure for the number of people on Social Security. Pretty much 1-for-1, all of us would have to go.)
OK, see who you are, "culling herd." You and smiley nazi do Frank Lutz class for words to use against Tea Party.
Your facts wrong, can prioritize cuts. Plus what your idea? Keep spending with money not have? So finally we all be paying $100 gallon gas, and $50 gallon milk?
Yes, keep spending money you don't have -- unless you wish to openly cull the herd of those you consider unproductive.
You don't get it: This has been the conservative mantra for the last 75 years or so since FDR created the New Deal. Many conservatives have believed that this, AND ONLY THIS, has allowed the population to rise as it has since the Great Depression.
But there's another factor you don't take in to account: The number of people who won't roll over and die, but will try to shoot the productive first. Civil War is then the only option in that regard, and I believe it's already begun in cities like Chicago.
The fact is: I'm probably one of the first people like you would need to see dead!
No, if keep spending money not have, gas go to $100, then maybe violence. But I see struggling neighbor in need who help each other out, no violence. We become charitable nation, not like what you want. You want culling, I can tell you evil bastard.
How cute, a little beta male baboon shrieking and flinging feces.
While I agree with your right to be a stupid, brain dead idiot you really do abuse the privilege and are truly one dumb sonofabitch.
Were the Vietnam protests also not legitimate because they didnt start until well into LBJ's term? According to your retardo-logic, the fact that it didnt start under Kennedy should render it all meaningless,yes?
But where are the protests?
There aren't any. Not only did the left, right, and center fail the people and hand over the nation to a small group of bankers (and military industrialists), the people themselves have done nothing, except fill their brains with foxcnnbcbsAbc news and glenn beck types.
It's too late now. The political class allowed trillions of dollars to be shifted over to the bankers, the wars have spread...and, hey, we have had 10 years to do our research on all this bull shit, so it really is tough shit now for the masses.
The country is in shambles and we are just coasting now on printed money and credit, soon to stop.The people of the U.S. for the most part are as immoral and corrupt as the government they fully support. If they did not support it they would be speaking out. Very few speak out. Most the ones out where I am think it will all be better once they get "their guy" in office. Its a joke on them.
What makes you think the MSM would cover any protests that can't be easily pigeon holed into a typical left versus right team sports model?
Protests would be covered all over the internet. They are not. Because there are none or very few.
Let's test that theory, shall we? I'll burn something if you do.
By the way, I don't mean to suggest things are going on and not receiving coverage. I am simply suggesting a MSM media blackout is a distinct possibility. On the other hand it's an amusing thought that an event cannot occur in a vacuum because the internetz would run with the story on mytwitface if more than 2 people were witness.
pound sand smiley fascist boy. hitler and the nazis were socialists
Strange how a grown up can't comprehend there's a difference between a few billion in debt, and multiple trillion that's passing 100% GDP, or that when 50% of your spending is coming from borrowed money, you're in trouble.
Keynsianism has crippled the US and debt is about to set the world on fire, while you and your leftards are smearing the only adults who are daring to step up and demand accountability. And your plan is what exactly? borrow our way out of debt? print our way? stick your head in the sand and keeping spending like nothings wrong?
TARP, QE1 and 2 happened under DEMOCRAT controlled CONgresses and continue to be pushed by OBAMA appointed officials. So apparently you also haven't figured out a central theme on ZH is that the GOP and DNC are nothing but tools of the TPTB who want nothing but to maintain control through debt slavery. Go ahead and keep mouthing that left/right garbage sheeple.
the elite never have to wory about economic collapse
they can only benefit from it
the elite class' political party is the Democrats because Democrats can be easily bought and manipulated
the Republican party is also a party of the elite class with just a slightly different point of view
Coorect. And neither party wants to solve problems, and that's because no one speaks for the American people.
This from BusinessWeek, yesterday - http://www.businessweek.com/magazine/why-the-debt-crisis-is-even-worse-t...
"Even the $4 trillion “grand bargain” on debt reduction hammered out by President Barack Obama and House Speaker John Boehner (R-Ohio)—a deal that collapsed nearly as quickly as it came together—would not have gotten the U.S. where it needs to be. A June analysis by the Congressional Budget Office concluded that keeping the U.S.’s ratio of debt to gross domestic product at current levels until the year 2085 (to avoid scaring off investors) would require spending cuts, tax hikes, or a combination of both equal to 8.3 percent of GDP each year for the next 75 years, vs. the most likely (i.e. “alternative”) scenario. That translates to $15 trillion over the next decade—or more than three times what Obama and Boehner were considering."
Can we, the people, hire a lobbyist?
I think they are doing amendments right now. I think the debate begins shortly.
Okay, I paraphrased, but it's close enough, bitchez:
From the rag that is The New York Times:
Latest Updates
1:31 PM ET
There will be a default, but, it really does not matter. Either way, the US government is broke.
I do think if there is a default it will give the BRICs cover to dump the dollar.
I view the situation as that a "soft default" occurs on Tuesday night, as the bills can no longer universally be paid. And I do believe that will happen, as I now believe we are past the deadline to make a meaningful deal which both houses shall approve and I think the pissy bitch in the White House will send this country over the side either immediately on the 3rd (by denying the checks for Social Security), shortly thereafter, or perhaps even before.
At that point, once the country hits the point where there's additional expense to keep social order in the States when there's no Federal money left, that's when the soft default becomes a very hard one and the whole mess goes ka-boom.
I'm beginning to have a very real feeling that it all ends, for intent and purpose, next Tuesday night.
At least we all get to see the politicians look as dumb as ever while the levy breaks. Don't any of them have a clue? Oh yeah, Ron Paul.
The wonderful thing that has come out of all of this for the majority of the population (not here at the Hedge of course) is that everyone now knows there are no lock boxes...no trust funds...just smoke & mirrors.
Its quite refreshing ;-)
And, at that point, you know what happens:
Social Security dies in fairly short matter, and all Hell breaks loose.
Yo, you supply the wood, and I'll be happy to build you a lock box:
http://www.frontiernet.net/~jimbot/trainbox.htm
But the levee break (or was that an intentional misspelling?) ends the process full-stop if Obama throws a hissy-fit and decides to pull the plug on upwards of 60,000,000 Americans!
don't worry. Obama can always use the 14th Amendment. Of course it would set a very dangerous precedent, and override checks and balances in the US constitution. But he may have no other choice. And the next Republican president could use it to override Congress, if they choose to not to fund his/her next war. The death throes of Roman Empire began when Caesar [] let the Army into Rome. This debt ceiling impasse is the beginning of the end of the American Empire.
Ron Paul was one of the few Republicans that correctly voted NO on this failure of a legislation.
Paul fans should check this out. Incredibly well made video:
http://www.youtube.com/watch?v=lhyaiOZhpSg
RP on Boehner: http://video.foxnews.com/v/1084521934001/ron-paul-boehners-budget-cuts-n...
Perhaps you've read:
"The Creature From Jekyll Island, a Second Look at the Federal System",
5th Ed., G. Edward Griffin, ISBN: 978-0-912986-45-6, Chapters 25 & 26??
Watch how the silver prices respond as this thing fails.
http://www.goldshark.com/products/silver-coins/silver-coins-rounds/silve...
I don't know about the silver world, but it seems the Casey Anthony mask market is anticipating a debt deal.
$999,900 winning bid.
http://cgi.ebay.com/CASEY-ANTHONY-LATEX-RUBBER-MASK-EXT-RARE-/260823841484?pt=LH_DefaultDomain_0&hash=item3cba4ffacc#ht_500wt_1363
Fast Track
blistering 127 speed rating
See above - these clowns cannot pass a $30M reduction of diesel emission reduction grants.
Black Friday a'coming.
I'll see your $1 spending cut and raise your diesel emission grant by $5M.
Splendid!
Now they cannot pass a 5 Million grant!! They cannot pass any reduction!!! unfuckinbelievable
http://www.youtube.com/watch?v=mndqgZG4uYo
Why bother with a congress that cannot say NO to any spending reduction at all.
Why not just have the Bernanke sitting on top of a giant marble photocopier handing out sugar to all who need it?
And come to think of it, why are we paying taxes for anyfuckingthing.
It won't matter soon. They might attempt to solve this after August 2nd, but, once the benefits meaningfully stop, it's all over.
"And come to think of it, why are we paying taxes for anyfuckingthing."
It keeps us off their golf courses by keeping us poor(er). Its the only thing I can think of in a print-o-matic economy.
Here is the latest on the "No" votes: 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
Don't forget to call freshman Republican congressman Bob Dold of the 10th district in Illinois.
Born with a silver spoon in his mouth, the only job he's had outside of the political arena is as an employee of his father's pest control business, Rose Pest Control. His district (which he doesn't reside in; for some reason he prefers the Obama enclave of Evanston, home to rich white do-gooders and ghetto blacks alike, although he did grow up there. It is also the home of the Marxist indoctrination center known as Northwestern University.) includes some of the toniest neighborhoods of the Chicago area, including Highland Park.
His phone numbers are:
(847)272-0404...Illinois Congressional office
(202)225-4835...Washington, DC office
I called today and my parting words were that he's a fucking idiot. He has no idea which way the wind blows, and thanks to his vote today, he'll be back to spraying cockroaches in a little more than a year.
Please do take the time to call. I want him to know that he's going to be replaced, particularly in light of the fact that he seems to feel a sense of entitlement to elected office.
"includes some of the toniest neighborhoods of the Chicago area, including Highland Park." ?
What the fuck are you talking about? Highlnd Park is a good hour away from Chicago.
Are you really so stupid? Highland Park is exactly 26.8 miles from downtown Chicago.
That's about an hour in Chicago traffic.
How does that make it "a neighborhood" near Chicago? It's a city. And yes, it takes an hour in Chicago traffic. i drive it every day.
Wouldn't you be better off finding work in the greater Highland Park area? The Highland Park metroplex must surely offer a great many opportunities for work, no? Oh, and if I wanted to fly into the Highland Park megalopolis on a 737 from LA, what airport would I use? Highland Park O'Hare, or Highland Park Executive? I think it would be too far to have to travel overland if I were to fly into Garfield Ridge Midway Airport. Surely Highland Park O'Hare is the way to go, don't you think? And on a trivial note, since the mega city of Highland Park is only ten miles or so as the crow flies from the border of the city of Chicago, why don't they call them the Twin Cities or something similar? And while I'm thinking about it, what are Highland Park's suburbs? Is Milwaukee a suburb of Highland Park? I only ask because it's so confusing to me, having thought for so long that Highland Park was actually a suburb of Chicago. I had no idea how wrong I was, living here in the greater Skokie area for so long as I have. I have a lot of things to rethink, apparently. Thanks in advance for your time, Kenny.
Second, I will give you $20 for every black person you see in Highland Park, Ilinois on any given day. Ethiopean Jews aint rich enough.
that isn't enough compensation to live around them. He'd lose at least that in property value alone
Greetings Grand Wizard Breivik!
Parking a 6 year old Volkswagen Phaeton in your drive way doesn't do much for home values either. That car was so bad Volkswagen only shipped them to the US for 2 years, and was consistently ranked as one of the worst engines Volkswagen ever created. Can't even imagine what your interest in Volkswagens would be....
http://www.hitler.org/artifacts/volkswagen/
<clicking heels>
This evening on politic theater the House of "Bankster" Representatives draws an imaginary line in the sand on the debt ceiling increase. Watch as the CONgress scrambles to posture this way and that, only to have an agreement reached the eve of August 1. It will be a grand display of blustering, name-calling, finger pointing, and large donations by Wall-Street elite.
Join us again in 4-6 months, so that this day can be played over again.
This is a more meaningful vote than is understood.
People are generally ignoring the ability of the Senate GOP to craft amendments to Reid's bill in a way to entice the 11 or so vulnerable Democratic Senators who are up for re-election (or retiring) to vote for the amendment.
Meaning, what emerges from the Senate will NOT be Reid's bill. It will be pulled towards Boehner before it ever gets to Senate/House conference.
What? Are we watching the same circus. Or are you in the circus rooting for one of the elephants.
Here, here. This is a replay of TARP in all its glory. Get your vote on record against it, so that the path is cleared in your vote for it. The song remains the same.
Loved those phoned-in rants on CSPAN a few minutes ago. People -vs- US government.
?Arlo Guthrie/ When The Ship Comes In? - YouTube
steady, now, hold er steady
just for fun, they should construct a budget that would shave off 10 trillion in one year, close all the foreign bases, sell federal land, eliminate most regulatory agencies (let's face it, they only cave to the highest bidder anyway) and bring all troops home. I'm sure there's 10 trillion in that pile up somehow. And, put a 10% tax on all imported items...there's your revenue producer right there! Might as well do something crazy like this, no one else is doing or wants to do anything else, so why even try to compromise or construct anything in this type of psycological climate?
If our "Representatives" did that, how could we surround and provoke Iran? - https://picasaweb.google.com/lh/photo/PWaQXn5UOIimEr3CzW-J4Q?feat=embedwebsite
You're no fun. They are trying to make a nuclear bomb because we are free don't cha know?
Sell Washington DC to the Chinese. Oh they already own it.
Is there any way we can get them to take physical delivery and haul it away?
Better yet, a 10% surcharge on NOTIONAL value of OTC Derivatives. The stuff that imploded the global economy in the first place. The Bernanke last said these were 1.45 QUADRILLION on US books alone !!!
First year $145T. Retire debt and setup escrows to pay future liabilities in Full.
Then tell the Fed to FO and go to a gold/silver standard.
No, they'd rather(both Dem and Repub) go after blue haired ladies with COLA adjustments on SocSec. This is bullshit theater at this point. It's 2012 political posturing.
The U.S. is just a stage for the Ivy leaguers -- basically Hasting Pudding vs The WhiffenPoofs.
assuming the contracts didn't migrate to an oversea Börse a 1% tax would do the trick just fine
The notational value is dead -- hence, Western finance has failed.
You foolish peasant! The goal is to make the banks wealthy, not the puppet nations they control. Pfft!!!
5 days down on the DJIA and a big drop yesterday. Usually we see dead cats bouncing after heavy downside action. Last time I recall a streak like this was Fall 2008.
ummm, March this year?
ummmm... no. 3 days was the most in march 2011
If this were going to fail they wouldn't bring it to the floor. They never bring an important vote to the floor is they don't have the votes.
They might have promised Boner the votes but then did not vote for it to make him look like a softy boner
Well he does a good enough job on his own looking like a softy boner, but the majority whip will have the votes in place. Now it will come down to the senate and what they pass. Harry Reed's bill will carry through the election. Then once that passes both bills will go to reconciliation where Reed will win out on the election part. The senate can deliver the votes. Boner's bill doesn't stand chance in the senate.
@Raskolnikoff, now you're talking.
“What we’re trying to do is save the world from the Republican budget,” Pelosi said. “We’re trying to save life on this planet as we know it today.”
Life as we know it today? Hmmmmm....is a life of increasing public debt (deferred taxation) in order to support the unproductive (both social and corporate welfare) a status quo worth saving? A life of constant regulation on every aspect of life on the majority of the population, with carte blanche lawlessness by the Primary Dealers and Wall Street Executives? An ever encroaching police state that ignores the wrongdoings of the politically connected, while cracking down on every victimless “crime” they deem? A police state that is all funded by an imaginary paper debt, created out of nothing, which results in constantly increasing living costs and deteriorating wages?
Fuck this shit, this is bullshit, I'm outta here. I want off this ride.
Republican or Democrat - Capital Hill can suck me left man tit.
We get to hear Pelosi live and in action soon.
I would rather fist my own ass than listen to Boenner or Pelosi spout their vomit.
Wow, what a disturbing image that conjured. (flush, flush, flush)
The problem is simple: Your alternative is a medium-term, at minimum, of absolute social dislocation through violence.
"Follow the congressional debate on the Boehner plan live"
um.. no thanks
Why debate? Just read your Cliff's Notes and vote. No debate will change anybody's minds. Nobody really even knows how to debate in the House. Just theatre of the absurd.
democRATS vote 100% against lower salaries and reductions in funding
Washington= Hollywood for the ugly actor/ actresses wanna be's
I counted a good $100M plus of WORTHLESS spending that could have been cut. No debt service payments, veteran's checks, social security, medicare, medicaid, food stamp, unemployment benefit cuts were proposed. They couldn't even cut a measly $11M from the NEA. What's that, like 1 fucking Picasso?
If you ever needed proof that we have a SPENDING problem and NOT a DEBT CEILING problem the past hour on C-SPAN should be enough to settle the issue. More Americans should watch C-Span, I'm thinking C-Span should change its format. Have J-Lo, that fat black bastard and that worthless brit fuck run the damn thing and have call in numbers for the american public. Maybe guest appearances by lady gagme and justin gayboy to keep the people interested.
dupe
"... in the name of sanity... we need to pass this bill..." Huh?
"... in the name of sanity... we need to pass this bill..." Huh?
Headline at 11:00 pm:
Boehner is toast.
Frank is busy with Weiner.