Debt Debate in Congress

[Gaspar]

Good news! 
So far this year they have only lost an additional  $567,747,000.

They may actually hit -$10 Billion by the end of the year.

[guido911]

Spenditol:

[Red Arrow]

Hmm, you do understand the difference between a loan and a gift, right?

Yep.

A loan is when I borrow money from my brother.

A gift is when my brother borrows money from me.

Or your equivalent.

[guido911]

Yep.

A loan is when I borrow money from my brother.

A gift is when my brother borrows money from me.

Or your equivalent.

Sage-like.

[Red Arrow]

Sage-like.

Add some parsley, ..., rosemary, and thyme and you could be a songwriter.

[nathanm]

A loan is when I borrow money from my brother.

A gift is when my brother borrows money from me.

Or your equivalent.

Definitely been there. 

[Gaspar]

In a resounding "Screw You" to the american people, the Senate voted to table the Cut, Cap & Balance bill.

If you would like to read the text of the legislation without the filter of the media, you can find it here:

http://www.gpo.gov/fdsys/pkg/BILLS-112hr2560ih/pdf/BILLS-112hr2560ih.pdf

It's short, simple and it freezes spending at 18% of GDP reflecting the historic level for revenue.  I can't think of anything smarter that we could do.

[Conan71]

In a resounding "Screw You" to the american people, the Senate voted to table the Cut, Cap & Balance bill.

If you would like to read the text of the legislation without the filter of the media, you can find it here:

http://www.gpo.gov/fdsys/pkg/BILLS-112hr2560ih/pdf/BILLS-112hr2560ih.pdf

It's short, simple and it freezes spending at 18% of GDP reflecting the historic level for revenue.  I can't think of anything smarter that we could do.

Just as Senator Coburn was predicting on the floor of the Senate yesterday, the Senate "boldly" voted: "no opinion"

Nice work dildos.  He's right, no one has the courage in the Senate to vote anymore, instead they block and table legislation because they are all too damned absorbed with job security for themselves.

[RecycleMichael]

Nice work dildos. 

Tell us what you really think.

[nathanm]

I can't think of anything smarter that we could do.

Unsurprisingly, I'm not terribly interested in doing that given that I don't trust the Congress to vote to exceed the cap when it's truly necessary, especially with a 2/3rds majority required. I'd prefer to institute IRV or some other alternative voting mechanism that could make third parties viable. As long as the current two have a chokehold on everything, we're just going to get more of the same.

Think harder, please.

[guido911]

Tell us what you really think.

My thought exactly. Still, pretty funny.

[Gaspar]

Unsurprisingly, I'm not terribly interested in doing that given that I don't trust the Congress to vote to exceed the cap when it's truly necessary, especially with a 2/3rds majority required. I'd prefer to institute IRV or some other alternative voting mechanism that could make third parties viable. As long as the current two have a chokehold on everything, we're just going to get more of the same.

Think harder, please.

So. . .the concept of an imagined cap on spending is valuable, while the imposition of an actual cap is not?

I like the idea of congress having to think "hey we can't do that because we don't have the money."

[Conan71]

So. . .the concept of an imagined cap on spending is valuable, while the imposition of an actual cap is not?

I like the idea of congress having to think "hey we can't do that because we don't have the money."

That always worked for me when I didn't have a credit card or checkbook on me.

What they've been doing is akin to writing hot checks without any consequences for years.

[guido911]

That always worked for me when I didn't have a credit card or checkbook on me.

What they've been doing is akin to writing hot checks without any consequences for years.

That's against the law? Uh-oh.  Awaiting another breaking news "blame Bush" statement from Obama momentarily. Any takers on the odds he does blame Bush AGAIN?

[guido911]

WASHINGTON (AP) -- House Speaker John Boehner has broken off talks with President Barack Obama on getting a budget deal to avert a government default.

The Ohio Republican says the president wants to raise taxes too high and won't make "fundamental changes" to benefit programs such as Medicare.

Top GOP aides say Boehner will now work with Senate leaders on an alternative aimed at averting a market-rattling, first-ever federal default.

http://hosted.ap.org/dynamic/stories/U/US_DEBT_SHOWDOWN_BOEHNER?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-07-22-18-01-17

I love the hyperbole in my emphasized part of that article.

Listening to Obama's presser and his whining that apparently Boehner didn't just drop everything to return his phone call earlier today. He's also still talking about not paying our troops and grandma. This is what happens when you elect someone who has no experience in leadership. We have in the white house the pouter-in-chief.