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Here Is Boehner's Amended Amended Bill
This the final final version of the Boehner bill which is "supposed" to pass Congress. We haven't read it yet. We doubt anyone else will either.
From the National Journal: "This is the latest version of the Boehner bill and reflects changes made after GOP leaders failed to assemble the necessary votes to pass it Thursday. This bill is the current legislative vehicle and may come to the House floor later Friday. As with the earlier version, it is subject to change if leadership so decides."
61205806-07-29BoehnerDebtBill 2
h/t Crown Thomas
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USA Military resigns en-masse ...
Are we talking Turkey?
Deep Fried in Greece
You guys are making me Hungary!
Served on the good China
and 925 Sterling Silverware.
I'd better Czech on lunch...
Sit down and relax papa, what's the Russia?
Lunch? ... the Nigers should be delivering it soon.
WHITE POWER!
I'll Serbia dinner later on.
You smelly Botswana knock off all this nonsense and get back to the topic at hand?
Mmmmmmm.....Deep Fried Turkey.....aaaaaaal
not without some peas bitchez!
and market stuffing on the side.
Chile beans are passible for americans who can't afford peas.
They all come home and get jobs at Dunkin Donuts new IPO shops.
You try not payin for your coffee and you get shot...
the light is green
the trap is clean
The Senate won't pass a Balanced Budget Amendment in a million years.
You are right. Non of them want it. They just want to say on T.V. they supported a balanced budget amendment. They will loose it in committee where it will not see the light of day. Which reminds me, wasnt the Magna Carta signed at sword point?
Swords or canes in congress would be rockin. CSAPN would make bank.
Yup. And Axes, and Bows and arrows, and maces, and warhammers, and flails.
http://en.wikipedia.org/wiki/File:Joao_sem_terra_assina_carta_Magna.jpg
2/3 Tea Party members in the House, 2/3 Tea Party Members in the Senate, and another 7+ years for 3/4 of the States to approve it.
The USA will be a foot note in History books by then.
I think it would have a good chance of approval if it went to the states today, but it won't get there so it's moot. This is just so Boehner can go on the Sunday morning news shows and say he's passed two different plans and the Senate refuses to consider either of them.
"The USA will be a foot note in History books by then."
Aye.
Per Wikipedia: "Reconquista" (Mexico)
Evolution of the Mexican territory.
The term Reconquista (in English, "reconquest") was popularized by contemporary Mexican writers Carlos Fuentes and Elena Poniatowska to describe the increased demographic and cultural presence of Mexicans in the Southwestern United States.
US - Mexican border 1836:
http://en.wikipedia.org/wiki/File:United_States_1834-1836-03.png
That map's all wrong, it's got DC where the unorganized territory is.
just read the table of contents......what does radio frequencys have to do with this????
that would start on page 68
We're counting on it ;-)
DOA.
From my initial glance at the bill, the discretionary spending caps at least didn't change much from the last iteration of the bill.
http://www.cbo.gov/ftpdocs/123xx/doc12336/HouseBudgetControlAct.pdf
The US Constitution: "ALL REVENUE MUST ORIGINATE IN THE HOUSE OF REPRESENTATIVE,...."
I agree! All revenue should come from Congress! Not the people!
Whatever happened to "minimum of 24 hours on the web so that congress can acutally read the content of the bill"?
No worries, the algos read it in less than a second.
I think that was scheduled to start in the 7th year of His Majesty's throneship.
Funny, as the GOP-led House said they were going to put all bills up for a 3 day review before calling a vote. Even the rules they themselves create don't apply apparently.
Democrin, Republicrat - two sides of the same coin, and that coin is rapidly devaluating under Federal Reserve stewardship.
Of course theyre all just a bunch of bullshitters, its a damn puppet show at the carnival!
2-1 odds after it is passes we find out some earmarks funding some pork or cutting some stemcell or other.
And the curtain rises for act 2 of puppet show diversion theater...enjoy.
Work down to the wire, put together some bullshit that enslaves us to the debt even more than we already are, attach neat amendments and riders that fuck the average joe and may take away what very little liberty we may still have, , post it online to read as it is being voted on and celebrate saying the crisis is over! Brainless 'mericans do not question it and rejoice that crisis has been averted. Then months later it is discovered what really was in 'the bill'. The cure is more toxic than the disease bitchez!
Primary revenue source seems to be governmant broadband auctioning. Done years ago in Germany. Partial failure.
A Congressman opposing the Boehner plan said this morning that rating agencies may downgrade U.S. financials even if the debt limit is raised. “It’s not the debt limit that’s the concern,” he said. “It’s the debt!”
The entire global economy is at tipping point, brought on by the Fed/IMF’s blueprints for a one-world planned economy. And just as all past socialist economies have failed throughout the world - whether in Africa, Europe, Asia or South America - so has this one.
Using the world’s reserve currency to price fix and manipulate world markets for the profits and powers of the few has created today’s economic difficulties and widespread conflict between freedom and coercion. All political remedy is now impossible; the world’s economies have taken over with a vengeance and all the IMF and Wall Street calls for higher deficits, more QE and increased government social planning will not put their world government scheme back together again.
As said the Rev. John Witherspoon, who assumed the presidency of the College of New Jersey (Princeton) in 1768: “Money is the medium of commercial transactions. Money is itself a commodity. Therefore every transaction in which money is concerned, by being given or promised, is strictly and properly speaking, a bargain, or as it is well called in common language, an agreement…”
Paper money was always Witherspoon’s thorn in the side.
He wrote in Essay on Money: “To give…authority or nominal value by law to any money, is interposing by law, in commerce and is precisely the same thing with laws regulating the prices of commodities… Now nothing can be more radically unjust, or more eminently absurd, than laws of that nature.”
Bernanke, under the Rothschild guidance of “Let me issue and control a nation’s money and I care not who makes its laws,” has created today’s trillionaire monopolists and irreparable imbalances, and has brought the entire system down.
....well said.
Charlie Bravo
Too many words per sentence, too many syllables per word, and too many concepts per conclusion.
It doesn't appeal to fantasy or flattery, doesn't promise something for nothing, doesn't cure psoriasis or make your teeth white.
It doesn't turn the world into a giant hospital, doesn't change our diapers for us, doesn't think for us, doesn't give us retirement or health care, doesn't even destroy the people we hate.
It doesn't feed our avarice, appeal to hatred, pretend to be kind to widows and children with flies on their faces, or pretend to be sophisticated through incomprehensibility
It is a noble idea, doomed to failure.
We are going to get what lowest common denominator deserves.
Yes their plans for 1 world govt have brought us to this tipping point, what do they have cold feet now?
ok..so they pass it, then the Senate rejects it......then Reid passes his in the Senate, then the house rejects it........then what ?
Midnite Sunday final minute 14th ammendment usurpation to hand over blank checks.
either Obama unilaterally raises or .. well.. remember the scene in ghostbusters where the city official in a fit or anger and spite flips the swtich deactivating the containment unit causing all the ghosts and demons to be released?...that.
oh look. i found the scene and it is dead freaking on.
http://www.youtube.com/watch?v=8vxEimC3HME
The last bill was 4 pages long or so.. this one is 104 pages long. I bet it's real bad and it's filled with pork.
But it must be 20 times better than the healthcare or wall street reform bills that were both over 2000 pages.
But look at the margins...looks like all of my old college papers that had minimum page count requirements.
They continue playing games like there is a difference between Dems and Repubs distracting the american people from the fact that the real battle is between the statists and the small gov't folks like Ron Paul.
http://www.freemarketfan.com/2011/07/debt-ceiling-dog-and-pony-show.html
I see two possibilities:
1) They negotiate something which will pass the House with enough moderate Republicans and Dems to get it through. It gets zero GOP votes in the Senate, because they know it will still pass without their votes. Ceiling is raised, but the rest of the bill staisfies no one.
2) They can't get anything passed. If this happens, I think we see the Fed do some emergency something or other to buy a couple months. If the market goes apeshit, then the House GOP will be forced to quickly deal and we get some sort of compromise. Obama would not try to invoke the 14th Amendment until people are feeling maximum pain and some critical mass is actually begging him to do it.
The 14th Ammendment invocation is Armageddon because it tells the rating agencies and the world that the U.S. is out of control when it comes to spending and no self-discipline is possible. Rating downgrades and foreign repudiation of U.S. debt would occur immediately.
I think the world is getting a pretty clear picture of our self-discipline, but yes invoking the 14th Amendment would be very disruptive.
Keep in mind however that Denmark is the only other democratic country to have a debt ceiling. So I don't know how much ratings agencies would freak if we stopped having this symbolic vote once a year. The lack of a debt ceiling doesn't cause people to repudiate the UK's debt, or Japan's.
Why would not the Democrats in the Senate be forced to quickly deal if the market goes apeshit?
They will. But the Dems are already trying to give the GOP everything they want. There aren't many concessions left except things like balanced budget amendment, which just won't happen.
The GOP might as well make their bill contingent on outlawing abortion, as passing an amendment to the Constitution.
TD, Can we get a poll on expected outcomes here ?
I'm not going to read it either. However, and as I understand it, it now includes a MANDATORY balanced budget ammendment.
I'm sure the algos will just love that and get that loving feeling for 100 p/e "stawks" as a result.
Who is the inmate currently in charge of algorithms? Someone should compassionately shove a rubber bit in his mouth.
looks like we're on track for 6 down days on the DJIA in a row, for anyone who cares.
It's only down .25% right now, even after horrific GDP numbers and the debt ceiling failure in the House. If I needed any more convincing that this market is complete and utter bullshit, I now have it. If it isn't down at least 5% on a week like this, it isn't going down until the final crack up.
On a similar note, treasuries are up on the news that we might default on them.
Shared sacrifice!
Compromise your life's worth!
Negotiate with your executioner!
Reward evil!
Apologize for your success!
Pay those who hate you!
Chain yourself, handcuff yourself, get on your knees, and put your forehead on the ground at the feet of those you feed!
The market is going to crash, sign it before reading it please.
Do they read anything in Washington? Probably 26,000 pages long.
we only need to look at ourselves for the answer. Everyone here has been through school, and everyone has not done their reading the night before class and then hopes the teacher doesn't call on them. Works great untill no one in the class does the reading.
Even if they did pass it,
the Balanced budget ammendment would be just another game for them to make $$$ with.
They make the rules. Don't expect them to fix what's working for them.
there's that word "practicable" again in the legislation. cost us culp's hill on day one at gettysburg.
I didn't think a bill was allowed to be read before being voted on.....must have missed that class lecture.
I'll pass on the Boner Bill, thanks.
The only bill should state:
Pentagon no more bombing
Countries around the world. No more BS revolutions
a.k.a "Democracy" spread.
"Defense" spending means
just that, everything outside of the USA is "Offense"
and should not be funded by American taxpayers.
Period.
Thank you ladies and gentlemen's, that be it.
Case closed. From that $14 T in debt about 70% wasted
by Pentagon war criminals.
Seen this yet?
http://www.nytimes.com/interactive/2011/07/28/us/charting-the-american-debt-crisis.html
Yep. Those two GWB wars have been expensive. And one was a complete fraud.
The Pentagon is only about 600B per year and a solid 150B of that is to pay veteran retiree pensions and health care for veterans.
So the remaining 450B out of a deficit of 1.5T in your world of math somehow equates to 70%? If you cut it entirely? To zero? With no defense for the country at all?
more like 1.2T and that's only counting the part they let you see.
that they have you trained to focus on the pentagon should be a tad worrying for your health.
I'm not going to bother to read it either. Failure to pass debt ceiling will actually let Grampa and Gramma make some money on their savings as interest rates rise. Towards more normal levels. 10 year below 6% is absurd for this extended period. But then US debt service, not to mention states and locals and universities and hospitals and everything (which is almost everything) that is in debt will have costs rise. So . . . game over. If ratings agencies were at all legit, they'd have downgraded all of these entities, including the US govt already.
Say it again. We overconsumed on overly abundant credit => debt saturation => debt repudiation.
I love "Suspension in the event of low growth"
unfortunately the corrupt and selfish 'government' will compromise once again on raising the debt ceiling over the weekend. Perfect outcome for the criminal banksters and their puppies obviously: rising stocks, rising bonds, falling USD. The ponzi will go on.
This was a funny from Frum.
Why doesn't new Boehner bill just require Obama to resign in favor of a Republican before 2nd debt ceiling increase? Tidier.
This is reminicent of the Patriot Act...try to ram it through and then let the Sheeple (and both houses) figure out what was in it after the fact. This whole thing is a farce. We need to cut spending on entitlement programs, lower the repatriation costs of money earned overseas so that corporations can bring back hundreds of billions of dollars earned in foreign countries with better corp tax rates, remove tax loopholes for big businesses (there is no reason for GE to get a tax return), get out out of all of our undeclared wars, and finally close various military bases in foreign lands.
That's not the Boehner bill. That is the Reid bill introduced in the House for potential future political theater. The Boehner bill is the same one as yesterday, with the exception that the second tranche of debt limit increase is made contingent upon a balanced budget amendment passing the House and Senate and being sent to the states. That Boehner bill will pass this afternoon. The Senate will immeidiately kill it. And then the negotiations will ensue on a deal, which would use the Reid bill as a vehicle.
Nope, the Reid bill is DOA.
This revised Boehner bill will have to be the basis for all negotiations.
We've already been through all this. That's why the negotiations failed. The Democrats have no spending cuts at all in their bill. 300B over 10 years and those are not binding.
This is the only bill proposed that will actually empty agency cubicles, and if you do not empty agency cubicles, then you did not cut.
And now that the Tea Party has cut off the head of John Boehner, just who do you think is going to provide the votes to pass an agreement in the House? Democrats, that's who. They will negotiate off the Reid bill and the Reid bill will be the vehicle. Count on it.
Double post.
Serous sausage making going on in the House rules committee right now. As the Chairman just said, "This is all just theater, what goes on here in the rules committee and on the House floor." "This is not the bill which will be placed on the President's desk. All we want to do here is get Boehner and Reid talking."
How did squabling children get elected to Congress?
You can't be elected to Congress unless you're willing to play their games.
They weed out the others.
Every time I think I'm too cynical, something like this happens.
What the fuck is all that funding for broadband networking doing in there? I thought we were CUTTING spending? It looks like the government is picking the winners and losers again based on political donations. Gold to the moon.
More central planning, in a bill thats supposed to do nothing but cut spending, theres tons of pork spending in it. Im done giving anything to these pirates.
meanwhile check out the House/Senate total information storage bill that they are going to ram through.
Even though the NSA has it all now they are going to mandate that all commerical net providers retain a full year of everything down to the type of shorts you wear.
TOTAL FUCKING INFO on anyone with commerical access to net mandated , for a year at least.
Fucking Fascist scum.
WHy not just outsource the whole net to China , at least they will do it cheap and they have the RIGHT attitude.
"What the fuck is all that funding for broadband networking doing in there? "
SEC P0RN reqm't; never leave home without it ...
Pay no attention to our spending & giving away of national assets! - the House & Senate
The peasants always play for new infrastructure.
Pages 26-28 read as usual.....adjustments adjustments adjustments.....this thing has been painted with the worlds biggest fucking paintbrush on the planet....congress is nothing but failure and everyone of these so called politicians should be fired/jailed and or unemployed.
TWADDLE DEE TWADDLE DUM
Knock knock.
Who's there?
Boehner.
The Tea Party is eating your lunch.
so, if i am reading the bill correctly these spending "caps" aren't really spending caps at all, there more like spending limit suggestions that can be increased by the very same debt addicted, wall street minions who are currently destroying what little remains of our enconomy to get that one last hit off the pipe.
is that correct or am I missing something?
‘‘discretionary spending limits’’ has the following
13
meaning subject to adjustments in paragraph (2)
14
and subsection (c):
15
(A) For fiscal year 2012—
16
(i) for the security category
17
$606,000,000,000 in budget authority; and
18
(ii) for the nonsecurity category
19
$439,000,000,000 in budget authority.
20
(B) For fiscal year 2013—
21
(i) for the security category
22
$607,000,000,000 in budget authority; and
23
(ii) for the nonsecurity category
24
$440,000,000,000 in budget authority.
Basicly the security doesnt get cut and anything that the little people need does.
Someone wants to keep their fat military contracts. Vote buying at its finest.
He really is a boner.
My quick notes, any one who has ever been on aid from the Government look out, there is a lot of pork to shake down the poor and old.
p { margin-bottom: 0.08in; }
Budget Control Act 2011
SSI Redeterminations
IRS Tax Enforcement
Health Care Fraud and Abuse
Children's Health Insurance Program (CHIP)
Unemployment Insurance – Improper Payment Reviews
Lower Uniform Percentage Reduction
Auctions of Spectrum and Spectrum Management (Incentive Auction Authority)
Unlicensed frequencies to be Auctioned
Spectrum Relocation Fund
Incentive Auctions to Repurpose certain Mobile Satellite Services Spectrum for Terrestrial Broadband Use.
Permanent Extension of Auction Authority.
Authority to Auction Licenses for Domestic Satellite Services.
Public Safety Trust Fund and Broadband Network.
Public Safety Research and Development.
Federal Infrastructure Sharing (if it is private and we need it, we'll use it)
Federal Pell Grant and Student Loan Program Changes, Termination of Authority to Make Interest Subsidized Loans to Graduate and Professional Students.
Farm Programs ?!@#$
Joint Select Committee on Deficit Reduction
Public Debt $16.9943 Trillion
phased spending increases to $10 Trillion a year by 2021
All money left over is the Treasury's
I know nobody reads this dribble and I understand why.
I don't now how math works in your world, but if 606B rises to 607B in a world of 3% inflation (that equates to 18billion), that's a cut of 17 billion in real terms.
Grow up.
close to your fascist boner , huh.............
bwhaaaaaaa
die off cut it 25% cut everything else 50%
get off the statist tit bitchesssssssssss
Likely to pass given the inclusion, after much legislative wrangling, of the popular "free tacos" amendment.
Balanced Budget (from Wikipedia):
The public perception of balanced budget is when there is neither a budget deficit or a budget surplus – when revenues equal expenditure ("the accounts balance") – particularly by a government. More generally, it refers to when there is no deficit, but possibly a surplus. However a different definition often used by governments is setting the tax so high that if it were any higher a tax revenue shortfall, rather than gain, would be predicted.
Is that what the Reps are discussing? flip-flop, flip-flop, flip-flop......
raises debt ceiling to 16.994T, last sentence
Am I misreading this, or does the final page authorize a $2.7 trillion debt limit increase??
Tyler, any insight on why 20Yr treasury is up today?
This is like rearranging the deck chairs on the Titanic.
This is NOT the Boehner bill, this is the House version of the Reid bill, as one can confirm by carefully reading the source.
I love the contradiction in the title.
"To cut spending, maintain existing commitments, and other purposes."
How do you cut spend AND maintain existing commitments??
Are the other purposes free?
On page 28, it contains a provision restricting Congress from ever changing the law. Isn't that unconstitutional?
Time to get watering.. Grab your pitchforks and rope folks. This dog and pony show needs to be put down as it's gone rabid.
it's going down , give it another year or so.
No reason to take on the enemy when he is killing himself.
Not true. A dog will die from rabies eventually, but it's in your best interest to put it down sooner rather than play wait and see.
For all the notions of fiscal responsibility, isn't it all about getting the upper hand in the 2012 election year? There might be 20 or so stalwarts sticking by their (teabag) principles, but the rest just want to be in the winning party next year. It looks like anything less than 2 trillion added on the debt ceiling mean the 2012 elections belong to the republicans and surely that's how it will be played as it has been all along?
So, that makes them all whores, except maybe the 20 teabags who are adamant they will not vote to raise the debt no matter what. In America, prostitutes and idiots make the laws that only help the gangsters to get rich.
This is getting crazy, truly it is.
Uhhh, not only no, but hell no!
• HR 2693 IH TITLE IV—PUBLIC DEBT 1 SEC. 401. PUBLIC DEBT. 2 Subsection (b) of section 3101 of title 31, United 3 States Code, is amended by striking the dollar limitation 4 contained in that subsection and inserting 5 ‘‘$16,994,000,000,000’’.If you made a word cloud of this tripe the biggest one would be ADJUSTMENT.
THIS is why the TeaPotDomeExpress III came to town?!
LOL
the republicans are in knots, the democrats are in dots and the country is in shreds; apart from that its a week end.
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