Debt Debate in Congress

[Teatownclown]

John Boehner's Patriotism Deficit
Does John Boehner give a damn about our country? Or is he motivated purely by politics. The answer's obvious.

John Boehner's Patriotism Deficit (Limerick)
By Madeleine Begun Kane

John Boehner has made his aims clear
As the debt ceiling deadline draws near.
Doing good ain't his role.
"Stop Obama's" his goal.
What a cavalier, faux budgeteer.

[Breadburner]

John Boehner's Patriotism Deficit
Does John Boehner give a damn about our country? Or is he motivated purely by politics. The answer's obvious.

John Boehner's Patriotism Deficit (Limerick)
By Madeleine Begun Kane

John Boehner has made his aims clear
As the debt ceiling deadline draws near.
Doing good ain't his role.
"Stop Obama's" his goal.
What a cavalier, faux budgeteer.

Heh....Your last reply was number 420.....How fitting.......Silly tea-bonger......

[guido911]

Awww...

"He's getting absolutely no sleep. He's working tirelessly, meeting with his economic team, doing a lot of outreach, exploring all kinds of possibilities for compromise," Jarrett said.

Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/valerie-jarrett-obama-getting-absolutely-no-sleep-because-debt-cr#ixzz1TWAgDRtu

http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/valerie-jarrett-obama-getting-absolutely-no-sleep-because-debt-cr

[guido911]

Paul Ryan goes off on government accounting tricks.

http://www.mediaite.com/tv/rep-paul-ryans-response-to-defense-cuts-lets-pass-a-bill-to-cover-the-moon-with-yogurt/

[guido911]

I see the "Party of No" in the Senate killed the House's second attempt to tackle the deficit/debt problem.

[nathanm]

I see the "Party of No" in the Senate killed the House's second attempt to tackle the deficit/debt problem.

And a fair number of Senate Republicans.

[Red Arrow]

And a fair number of Senate Republicans.

They must be RINOs.

[guido911]

Barney Frank on Moodys and S&P ratings. Interesting take.

[guido911]

Democrat leaders' voting histories regarding the debt ceiling.

http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/reid-durbin-and-obama-very-partisan-record-debt-ceiling

[Teatownclown]

1000 point drop by noon Monday on the NYSE, too late for anything to get through either House.
And a 2% boost (bare minimum) on Credit Card Rates for everyone.
Let's see how we can blame this on Obama.

[nathanm]

And a 2% boost (bare minimum) on Credit Card Rates for everyone.
Let's see how we can blame this on Obama.

I'm glad the CARD act doesn't let them raise rates on existing fixed-rate balances.

[guido911]

This just in. Reid's debt ceiling deal is officially "crazy" as it got destroyed by the House of Representatives by a massive margin. 11 dems voted "No".

[nathanm]

This just in. Reid's debt ceiling deal is officially "crazy" as it got destroyed by the House of Representatives by a massive margin. 11 dems voted "No".

That wasn't the bill that's presently being considered in the Senate. I doubt you'll see 11 Democrats voting against the real thing...

[guido911]

That wasn't the bill that's presently being considered in the Senate. I doubt you'll see 11 Democrats voting against the real thing...

From the Speaker:

Today the House of Representatives will bring up – and defeat – Senate Majority Leader Harry Reid's debt limit legislation. This vote will demonstrate that the Reid bill cannot pass the House. This will also expose any Senate vote on the Reid bill as a pointless political exercise that squanders precious time as the specter of a job-crushing default looms.

http://www.speaker.gov/blog/?postid=254533

[nathanm]

The Speaker is full of it:

House GOP leaders Saturday will bring an old version of Senate Majority Leader Harry Reid's debt limit bill to the floor for what appears to be a bit of weekend political theater.

http://www.rollcall.com/news/house_to_preemptively_vote_on_reid_debt_bill-207855-1.html

What is actually in the present Reid bill (not the one previously scored by CBO):

http://www.christianpost.com/news/boehner-plan-vs-reid-plan-how-do-they-compare-53094/

Edited to add: Funny that he would choose the phrase "job-crushing". Every debt limit plan on the table is job crushing. The only one that wasn't is the one that the Senate passed early in the year that was just a clean raising of the debt ceiling.