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Subscribe to RSSEchoing White House Senior Adviser David Plouffe's declaration that House Speaker Boehner's bill is D.O.A. in the Senate, Senate Majority Leader Harry Reid announced on the Senate would table the GOP legislation.
Today the House of Representatives will vote on Speaker Boehner’s short-term plan to raise the debt ceiling. As soon as the House completes its vote tonight, the Senate will move to take up that bill. It will be defeated. No Democrat will vote for a short-term Band-Aid that would put our economy at risk and put the nation back in this untenable situation a few short months from now.
A Reid spokesman tells First Read how the Boehner legislation is tabled: "As soon as the Senate receives the House Message (Boehner bill), a motion to concur with the House Message is made. The Leader moves to table the motion to concur (majority vote threshold). The Boehner plan is defeated in the Senate."
Indeed, Reid needs only 51 votes to do this, and then he can bring it back up if need be (if/when they compromise).
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Good job reid, now lets default on the debt, start from scratch, and vote on what the feds will do in the future, thats what I'm talking about.
Has anybody seen or heard from Barry recently??
Did he go to Dick Cheney's "undisclosed location" bunker after his speech Monday to sulk??
mind you, there will be no default. the constitution guaranteed that. All cuts and no revenue amounts to uncertainty of a fragile economy.
There is no movement on either side.
There will be no solution today.
Both sides will continue to blame each other.
Compromise is a dirty word.
It's now become us against them vs. the good of the American people.
Pass the McConnell-Reid parliamentary procedure plan and be done with it.
Then get to a discussion of Bowles-Simpson or the Gang of Six Plan.
Pius: there will be no default. the constitution guaranteed that.
Is that your interpretation or the interpretation of the very conservative Supreme Court of the US. Even the WH attorneys are having trouble agreeing that it is an option.
Bob,
It doesn't work that way, the debt ceiling is for things we already owe, not future spending.
We have to pay the debts we already owe, it has nothing to do with starting from scratch.
None of this "future" spending cut and new revenue crap should be included in the decision of raising the debt ceiling. These debts we currently owe are for the wars, the Bush tax cuts (that never should of been extended) and yes, the stimulus (along with all the other underfunded programs that never should have been able to be approved without a way to pay for them).
It all belongs in the budget negotiations and how we handle future appropriation bills.
It doesn't work that way, the debt ceiling is for things we already owe, not future spending.
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So Barry needs an additional $2.4 trillion to get us through the current federal fiscal year ending 09/30/11??
The 2012-13 budget hasn't been approved yet, so we don't owe anything on it yet.
Joe in Albany..
No!
For example:
We incur debt every time we issue a Treasury obligation or pass a law dealing with spending.
These are not fiscal year debts, they're long term.
The government is on a cash basis of accounting...we pay bills as they come due.
If you issue a 20 year Treasury Bond you owe the interest every 6 months for 20 years. Not one fiscal year.
Debt ceiling relates to monies owed under existing obligations that were approved by Congress.
This is not new debt but existing debt that is now payable.
It is not based on a budget.
Try watching something other than FOX Noise. Boehner's proposal was a bluff to begin with, so he had to scramble to get it scored by the CBO and it still sucks--even his own Party doesn't like it. But ultimately it is only a short-term proposal, which the president said he would veto a long time ago. In case ya don't know, that's what presidents have the right to do. If it was a Republican president (or a white one) you wouldn't question this.
And rightfully so. It's bad enough revenues appear to have been abandoned for the sake of avoiding an unnecessary "debt crisis." Temporary extensions of the debt ceiling are very irresponsible. The US would probably have it's credit rating downgraded just the same. The continued uncertainty would further damage the economy. And congress would be back at a stalemate again in only a few months time instead of working on job creation, stimulating the economy, and balancing the budget.
As posted above, the debt ceiling is about PAST debt, much of which was generated during Bush/Cheney. The Teabaggers should pay for their own friggin' wars, and tax breaks for their beloved millionaires, and the prescription drug plan, and TARP--everything passed under Bush. The rest of us will pay for the stimulus, unemployment extension and Libya. How's that for compromise?
What does it take to get this through your heads? Even businesses, Wall Street, and the Chamber of Commerce will tell you this. Conservatives not only live in their own narrow little world, they live in a cone of silence. Gagh! I stand behind a veto with all my support.
What do you expect from people who think Saddam Hussein attacked us on 9-11, who think the president is from Kenya, and who think tax cuts are not tax expenditures? John McCain called them Hobbits, but really they are Orcs. You can't negotiate with terrorists, you can't pay a blackmailer, and if you tell your child you will do something and don't do it you will lose control forever. It's time to send the minority Tea Party caucus in the minority Republican Party packing.
Debt ceiling relates to monies owed under existing obligations that were approved by Congress.
This is not new debt but existing debt that is now payable.
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So, are you saying NONE of the $2.4 T Barry is asking for will be used to cover deficit spending in the FFY 2011-12?? Say, utilities to run federal buildings and salaries to pay bureaucrats, etc., ALL of which would be "future spending".
Joe, come out of your cone of silence. Look at my post #1.7 above:
I'll add the Affordable Health Care Act--minus savings from it--to the tally progressives will pay for. Believe me, our share is much smaller than the Republicans. If you're only going to post and not read, please run along.
If and when we default, will this end all government pension plans too. I am in favor of ending all politicians pension plans. It's time to put an end to all these greedy career politicians that made it so they come out on top walking away with the people's tax-dollars. Let them retire on SS like the rest of us have to.
I believe this is a ploy by Reid to discourage Tea Pary GOP from voting for Boehner Bill. With announcements like this he is hoping the TP rationalize it is not worth voting for the Boehner bill. It allows the Senate leader to say the House couldn't pass a plan.
That said, First Read what is next? Anyone?
Anarchy, pure delicious anarchy!
Boehner's bill will pass, Mark.
Reid's has no chance whatoever...
60 votes?
No way.
Human sacrifice, dogs and cats living together... mass hysteria!
Mixed Bag you are probably right Reid's doesn't have 60. If Boehner's bill does pass, Obama should sign it. Besides if the Club for Growth, Heritage foundation and the Tea Party are against it maybe it is not evil incarnate.
Look I understand we need to get a handle on the deficit, but this bill with no tax increases is not the way. I also understand the bill doesn't address SS, medicare or medicaid and only singles out discretionary spending as absolute cuts. The other cuts must be hashed out in those super committees. I'll take my chances in those committees.
Meanwhile Obama can have his photoshoot signing/averting a debt limit crisis.
Boehner's bill is dead in the Senate. Now, Republicans have to work with Reid.
So will reid bring his up for a vote? Reid sure doesn't want to have any discussions on it, I wonder why?
Because it's a dead bill full of garbage.
well, well, well job1 looks like we finally agree that reids bill is full of garbage. Well said. lmao!
Bob,
It doesn't work that way, the debt ceiling is for things we already owe, not future spending.
We have to pay the debts we already owe, it has nothing to do with starting from scratch.
None of this "future" spending cut and new revenue crap should be included in the decision of raising the debt ceiling. These debts we currently owe are for the wars, the Bush tax cuts (that never should of been extended) and yes, the stimulus (along with all the other underfunded programs that never should have been able to be approved with a way to pay for them).
It all belongs in the budget negotiations of future appropriations bills.
Tom, I agree 100%.
Unfortunately, the ultra-right believes it has an "historic opportunity" to finally achieve long-cherished ideological goals. This manufactured crisis is cover for what amounts to a coup d'etat.
Apparently not <ALL> of the ultra-right believes in achieving long-cherished ideological goals, unless the goal is to starve out your own kids along with everyone elses - a la Joe Walsh (R-IL-TeaParty Golden Boy) owing 100K in child support. How much could assistance programs be cut if deadbeat parents & spouses like him were rounded up to work off the debt to the taxpayers? How many more baggers & pubs would be on the list? Would be interesting to see if any crats were there too, but that's a different ideology.
Yes, it's treason. Teabaggers are anarchists who want to start their own country -- They are worse than the Civil War. At least the South just wanted to secede, but the Teabagggers actually want to take over the country.
They cry for Obama's impeachment without evidence of high crimes and misdemeanors, while holding the nation hostage if all their demands aren't met. Even Grover Norquist (thanks Bill Maher for introducing wing-nuts like him, Laura Ingrahm, et, al) is backing off now that the public has been learning about his unconstitutional campaign-threat-down pledge.
And where are the GOP/TP presidential candidates on this, aside from batsh!t Bachmann? Wow, there's leadership for ya. At least several of the presidential hopefuls have been smart enough not to sign pledges. But senior congressmen like McCain have to come out and chastise the amateur ideologues in the House because no one else will do it.
The Republican Party is not fit to govern, some are outright insane. I'm voting a straight Democrat ticket in 2012.
How is it fair that people making a $1,000,000 pay less in taxes than people making $50,000?
If the Filthy Rich paid taxes like the rest of us, there would be a SURPLUS, not a deficit.
How is it fair that people who are already paying federal income tax can be asked to pay more without asking the 50% who currently pay no federal income tax to pay something too?
Hard to get tax money out of unemployed people who have no money. We should be ashamed that so many of our citizens are so poor they can't pay taxes.
I'm not talking about the unemployed. I am talking about the 50% of wage earners who pay a net of zero federal income taxes (and don't tell me they are all hand-to-mouth with zero discretionary income).
Is it okay for a corporation that makes billions of dollars in profits to not pay taxes, but you want someone who makes $15,000 per year to pay them? Which one would be of more benefit to the country if they paid their taxes?
Let me get this straight....Reid has a choice between a short-term bandaid or "Armageddon" and he won't take the bandaid?
HEY HARRY...WHILE THERE IS LIFE THERE IS HOPE....ONCE YOU ARE DEAD IT'S OVER.....
as long as they have to do this whole stupid debate again in a few months, it just means that none of them are working on jobs, economy and helping America move forward. The debt ceiling needs a long term solution and the budget and spending and yes raising Tax Revenue all need to be another and separate debate all together. My hope is that it does not even get out of the House, then they will have to work together to just raise the debt ceiling and give our Country time to work through the cuts and revenues, no quickie solution is ever a good solution.
The fact that the choice appears to be between "a band aid" and "armageddon" is extortion. It is a manufactured choice to make the President look bad. We all know that is much more important than starving people and financial catastrophe.
And the debt ceiling is no just about what is already spent.
The debt ceiling is about the maximum amount the US is allowed to borrow. PERIOD.
How the borrowed funds are used has nothing to do with it.
If the debt ceiling were increased it would allow the US government to borrow more money. They could then use those funds to pay for things already spent as well as spend them on new expenditures.
had enuf -
The debt ceiling is actually an artifact of WWI war bond legislation, later updated in 1939 and 1941. For all of that time, it has hardly ever been a topic of controversy, as it is now. In fact, it is really a completely unnecessary statute, and should be abolished entirely.
The only spending that is allowed is that appropriated and authorized (the two steps are both required) by Congress. Although the Administration may spend less, unless specifically mandated to expend certain sums, it may never spend more.
The real debate should be about revenues, cuts in currently-authorized budget entries and future budget plans, and should take place quite separately from the debt ceiling vote. The issues involved are quite serious policy matters, but the ultra-right has hijacked the process to serve its own objectives. They do not, in fact, desire at all to have an open and transparent discussion - witness the under-the-table attempt this week by some Tea Party representatives to basically eliminate the EPA and gut recent regulatory reforms while everyone else is distracted by this chaos.
As for the fiction that half the people in the lower- and middle-class pay no income taxes, that is a gross manipulation of the facts.
It would be nice to actually HAVE a budget again!!!
John A. -- Once again you are correct that with a few changes in statutes and senate rules, etc., this kind of coup would be prevented. Democrats could abuse things like the filibuster as well, but don't because they understand those devices weren't meant to be used for a coup. So Dems could either escalate to mutually assured destruction or capitulate and neither is good.
We need not only reforms of the tax code, or shoring up entitlements (with stronger health care reform and tax code reforms such as increasing the cap on FICA), but first we need to stop these insane abuses. Seriously, if there's to be any amendment to the constitution, it should be to prevent a minority from circumventing democracy and trying to take over the country by force.
Let's hope the voters will get out in 2012 and send a strong message to the GOP/TP that such machinations will not be tolerated.
Yeah, Harry 'cause it's really important to table Boehner's plan and replace it with your republican bill. Democrats, for pity's sake, show some backbone!
What we really need is raised revenues.
Job1
I assume that you mean raise taxes on the top 2%. If the Obama Tax Cuts are ended for them the Increase in Federal Income would be 70 Billion per year. The Deficit is 1.5 Trillion. WHERE ARE YOU GOING TO GET THE OTHER 1.43 TRILLION???
You make no sense slodon. They sure as heck aren't "job creators," are they? This is an age where for some reason, to show how much you love your country, you promise not to support its government. I don't get it. New revenues will be needed at some point. How did Bush think that in fighting two wars, (the cost of which he never put into his budget), that new sources of revenue were needed? First he cut taxes and then started two wars, one of which never needed to happen.
Time for the President to exercise his authority under amendment 14.
section 4 of the 14th amendment is very sckethcy as in pertains to the debt ceiling. I mean if that is what it takes and as long as the POTUS has been given the nod so that these TP yokels can't come back at him. I hope it does not get out of the House and they have to "colaborate on just a debt ceiling issue.
Plouffe and Reid announcing that legislation is D.O.A. in the Senate before it arrives is as assinine as Pelosi's comment that "We have to pass the bill so you can find out what is in it" about the Health Care Reform Bill.
Birds of a feather...
WHat ever happended to the Senate taking a bill that they receive from the House and offering ammendments to it to resolve issues. You don't just table a bill simply for political purposes. If the Democrats have a problem with it....amend it and send it back for a vote! Reid himslef said that they have already agreed on a majority of the two bills, so why the stonewall! Where is that "magic" he referred to?
Reid's approach is ludicrous. He figures that if he can continue to block any postive progress on this issue, then things can remain the same and they can begin to spend anew! What an arrogant pitiful excuse for a "leader."
No new revenues. no yea vote.
Isn't that always the answer to people like you WeldDem?
Raise taxes and DON'T stop borrowing and spending money you don't have in the first place?
That's all we've had from Democrats for years now, and you can see how that's turned out.
But you just keep demanding more and higher taxes Dems. Eventually you'll be able to drive EVERY industry in this nation overseas, and then you can howl about how it's all the Repubicans fault.
Well, Cheryl, we are really getting tired of cutting everything that helps middle America at the same time we lower taxes on the elite. We are sick of being pissed on (trickle down does NOT work), and if you are REALLY concerned with the debt and deficit, you would want to lower both by taking a balanced approach, one that doesn't punish a majority of the country. So yes, it is mostly the republicans fault for allowing a minority of lunatics to run the asylum. Dems are at least coming to the table with compromise, practically bending over for the teapubs, and we don't like it but are willing for the GREATER GOOD.
Raise Revenue, cut defense spending and spend to get our infrastructure re-built.
FDR got it right and it will work.
Cheryl, I have seen no bills that suggest we raise revenues only and cut no spending. Can you give me a link to where that information comes from? I keep hearing Repubs say that, and I keep looking for that bill, but I can't find it anywhere. Thanks.
Job1
The Depression lasted TEN YEARS because of FDR's policies.
Wow, are you going back into ancient history! Let us not forget that Hoover, a republican, did NOTHING during his administration about the depression. His best idea was to congratulate apple sellers as entrepeneurs. When FDR came in the unemployment rate was 40%. Now just how easy do you think it was to fix that slodan? Get a grip! If the people thought he was doing such a poor job, how was he elected 4 TIMES!
@ Cheryl I could care less if every major corp left this country. We Americans started this country with mom&pop businesses and can do it again.
Great job Harry!!
Don't debate the bill, vote on it, and then send it back to the House for resolution. No sirree, just "table" it like it doesn't exist, just like you've done with EVERY piece of legislation that's come out of the House.
After all, why should you do ANYTHING for the country? You've got yours, right? And of course your sons are well taken care of since they were lobbyists in Washington and you ensured you rolled some fat contracts their way.
And of course all of you on the left actually agree with this kind of corruption and dishonesty.
Is that why you voted Democrats libs? So you can have your Senator or Representative go to Washington and do absolutely NOTHING? You must have, because Democrats haven't written a budget for this nation in OVER two years. They haven't passed anything except a bunch of new taxes, new expensive regulations, attempting to drive more corporations out of the country, and stifle the economy even MORE, and of course the "politically correct" garbage that you on the left think is more important than the economy of this nation.
Balanced budget? Nope, not going to happen while the Democrats are in charge.
Cuts in wasteful, fraud filled, corrupt, overbloated Agency spending? Nope, not going to happen while Democrats are in charge.
Borrow a couple of TRILLION dollars more to spend? Sure, Democrats are all for that.
Raise even more taxes? Sure, Democrats are all for that.
Pay down the debt? Nope, not while Democrats can take that money and spend it on some other "social justice" ripoff of the nation's taxpayers.
Steal from Seniors? Yep, Democrats have already done that, out and out THEIVING a half Trillion dollars from MediCare to pay for ObamaCare to cover the REAL costs of ObamaCare. Their "justification"? Why it can be made up by cutting "fraud, waste, and abuse", which of course they NEVER mentioned again after they stole the money.
Yep Harry. You're just all over it, aren't you? You pulled a piece of garbage out of your butt, made up of numbers that you can't actually justify or prove and said you had the "answer".
And all of you on the left took a sniff of what Harry Reid pulled out of his butt and are now telling everyone that is smells like roses to you. Just like you've said all of the other out and out crap from Democrats the past two years smells like roses to you, while the rest of the nation sees it for what it is without EVER having to smell it. Out and out B.S.
W. Bush and the Republicans own this debt.
Sorry, Bush and NO Republicans were in charge when Obama ran up 1.2, 1.3, and 1.5 TRILLION dollar deficits (especially since Democrats have NEVER even put forth a budget for this country in the past two years but have just instead spent, spent, spent)
Bush wasn't in charge when the so called "stimulus" that paid off unions and gave paybacks to cronies and supporter didn't stimulate ANYTHING and cost this nation over 830 Billion dollars (plus interest since it was ALL borrowed).
Bush wasn't in charge when the largest most expensive welfare program in history was passed, with a half TRILLION dollars of it being paid for by the money that Seniors had been paying all their lives into MediCare with.
Obama OWNS this debt. He and Democrats borrowed and spent almost 5 Trillion dollars in just two years. If that money had been for this nation and the economy, don't you think 5 TRILLION dollars would have taken unemployment somewhere below 9.2% (17% REAL unemployment)?
Instead it was used to EXPAND the government by 35% in the middle of a recession. And that expansion was not done by, or because of, Bush or ANY Republicans.
Get your head out of the sand, oh wherever it's stuck. And stop sniffing that crap that Harry keeps waving under your nose, it's not good for you or the nation.
Are you aware of the process of how the Constitution is amended? Apparently not.
That's about a STUPID question, don't you think? Since there isn't anything in what I posted about the Constitution?
Oh and by the way, an Amendment to the Constitution is the following process:
1. 2/3 of the House and 2/3 of the Senate vote to propose an Amendment, or 2/3 of ALL state legislatures ask Congress to call a national convention to propose an Amendment.
2. 3/4 of the state legislatures approve it.
Notice that the President is NOT involved in ANY Amendments to the Constitution? And isn't that great? He just sits on his butt and does nothing, just like Obama is doing now.
Holy cow!! A link to "prove" your point, how wonderful.
This is NOT about Reagan or Bush since they are NOT in charge, are they?
Why is it that you libs use either a CONSERVATIVE or a "right of center" moderate to prove that your liberal policies will work?
Why don't you also pull up the fact that in the 90's that we had a BALANCED BUDGET, and were actually paying down the debt? Oh wait, you can't do that, because it was REPUBLICAN budgets, and REPUBLICAN policies that were doing that, and being rubber stamped by Clinton (which you always give HIM the credit for of course).
And thanks so much for the personal attacks. It sure does show how "intelligent" you are. And it definitely proves how "open", "accepting", and "tolerant" you are about the opinions of others.
Facts show that W. Bush owns this debt. Facts are facts. He was a very bad President that spent us into a hole.
Job1
"We own the Economy" DNC Chairwoman Wasserman-Schultz. Last time I checked the DNC was the DEMOCRATIC NATIONAL COMMITTEE. That is most definitely NOT a republican Organization.
OK Harry..screw it then....Let the time run out and we'll see what happens.
If Armageddon comes as the administration says then you have commited treason by allowing harm to come to the United States when you had something in your hands that could have prevented it
If Armageddonb doesn't come then either Obama and his administration don't know what they are doing OR they are exposed as liars.
Either way you lose.
The issue isn't really the debt ceiling or the even the national debt. THIS IS POLITICAL WAR. The Republicans have called a political war. They tried the same thing when they took over Congress in 1995 and 1996. They lost that war. They have whipped up the least sophisticated of their faithful with an idea that they are going to tear down the federal government and make it what it should be: WAR AND PRISONS ONLY. And rich and poor should share evenly in the costs of the prisons and wars. Republicans aren't even interested in roads and bridges any more. If they were, they would vote to increase the highway tax on gas, because we still have alot of bridges falling down. And we could put thousands of people to work repairing more bridges and rail lines (which are also unsafe - even for freight). But woa, that is just welfare rot. Who needs a good road or a bridge? Maybe we could even take that tax break for the oil companies and put it into the highway fund (Oh my, Marx has got the best of me.)
Since Republicans are actually DOING THEIR JOBS, and passing budgets that Democrats vote down and passing spending bills that Democrats vote down, and are even attempting to get this government's idiotic spending and debt under control, which Democrats either are threatening to "table", voted down, or veto, could you tell us all how it is that Republicans are the ones that have "declared war"?
Democrats haven't put forth a budget for this nation in OVER two years, but sure don't have any trouble borrowing trillions and spending even more than they borrow. Democrats are the REAL "party of no" as Harry Reid and Obama keep on threatening to vote down everything that comes out of the house instead of NEGOTIATING A PASSED BILL and then sending it back down.
And if you check, the "green" subsidies work out to that averages between 25 and 100% of the wholesale price of that electricity depending on the time of year. Oil gets a whole nickel per barrel.
How about we end ALL subsidies instead of just demonizing the oil companies that actually provided the product that produced the plastic for the keyboard that you are typing on? Nope, can't do that, can we? After all, those "green" people that are buying their products from China and Europe instead of manufacturers here in the U.S. "deserve" that subsidy, don't they? Those sugar farmers that are paid NOT to grow sugar so the price stays high actually "deserve" that subsidy, don't they? And all the other wasteful, corrupt, bribing "subsidies"s should stay in place, just so long as the oil companies lose theirs, right?
Geez, you guys don't even try do you? You actually just REPEAT exactly what you hear from Reid, Pelosi, Obama, or whatever left wing dummy tells you to. Do some RESEARCH!!!
There can be no cave this time from the Democrats. Let the tea party threaten violence and idiotic ideas like lowering the debt ceiling and then vote them out! They have done a remarkable job of displaying inflexibility, total lack of knowledge neccesary for the job, a tendency to provoke violence, and total incompetency. Get them out before they destroy this country!
Wayne, where are these threats of "violence" from the tea party that you speak of? I'm sure if that was going on that MSNBC and people like you would be screaming from the rooftops about that ONE single tea party guy that "threatened violence" and saying he represents the ENTIRE tea party.
The ONLY threats of violence I've seen is in here, from people just like you. Who demand that Republicans be "strung up", "executed", "run over", "shot", "killed", and that's just a FEW of the threats I've seen from the left.
Obama is the one that has shown NO flexibility, threatening a veto of a bill that he's never even seen and hasn't even been voted on. And Reid doing the same thing, with his "it will be tabled" and "it's dead on arrival", again without EVER knowing what's in it.
Obama is in way over his head and you say Republicans are? The man doesn't KNOW how to lead, doesn't KNOW how to govern, and doesn't KNOW how to do a damn thing except give speeches and attack Republicans. He comes out and calls for "bipartisanship" and then proceeds to demonize the very people that he's supposed be being "bipartisan" with.
And there you are, talking about "provoking violence" and then ending it with "get them out before they destroy the country". Now, you tell me how some idiot left winger is going to take that Wayne. How's he going to read you demanding to "get them out", without mentioning that maybe that should be done at the next election?
FOUR TRILLION dollars in NEW debt in just two years. 830 BILLION dollars (plus another 300 BILLION in interest) to "stimulate" the economy. 1.2, 1.3, and 1.5 (at least) TRILLION dollar deficits in our budget the past three Obama budgets, with NO budgets put forward by the Democrats in over TWO YEARS, while they voted down every budget that House passes just because Republicans actually voted for it. Fannie and Freddie losing billions of taxpayer dollars every month and STILL unregulated. The biggest ripoff (oops, I mean "health care") program in history being paid for by less than HALF of this country, while MILLIONS get not only exemptions from having to pay for it, but exemptions from even having to participate in it) Lies on lies on lies about how we're going to "default", or how "seniors might not get their checks".
The ones the need to be THROWN out are the likes of Pelosi, Reid, and Obama, who LIE to you, KNOWING that no matter what they say, no matter how outrageous, YOU will actually believe them.
Obama and Democrat LIES:
1. Not increasing the debt means the U.S. will default. A LIE. We ONLY default if we don't pay the interest due on the already 14.5 Trillion dollars in debt we have. Not increasing the debt ceiling ONLY means we can't borrow more money that we don't have because Democrats have spent it all, and more. And the Constitution requires us to pay on our debts. (The 14th Amendment, since you libs won't look it up but instead will accuse me of "lying" about that.)
2. If the debt isn't raised it will create chaos in the financial markets. A LIE. Since the Constitution MANDATES that debt be paid before anything else, the only "chaos" that will result will be because of what Obama and Democrats do. If they choose NOT to follow the Constitution of the United States and don't pay the interest, then we default.
3. Obama doesn't know if "there is enough money" to send Social Security checks on August 3rd. A LIE. There is enough money available now to pay the debt, pay Social Security,, MediCare, MedicAid, children's health insurance, defense, federal law enforcement, immigration, and veteran's benefits. Terrifying elderly people is the STANDARD that Obama and Democrats live by, even when they are out and out lying about it.
4. Mortgage interest rates will rise dramatically if the ceiling isn't raised. A LIE. The opposite is more likely, since not raising the ceiling means that the government can't borrow more money. LESS borrowing by the government could LOWER interest rates since there would be more lending money available for potential homeowners.
5. Time is running out, the deal must be done immediately. A LIE. There have been many times when negotiations have gone past the debt limit date, and oh my, we SURVIVED! Nothing like putting out those scare tactics, right Nancy, Harry, Barack, and all you Dems?
6. If government spending is cut, there will be a depression. A LIE. Obama promised a "temporary" increase in spending would "stimulate" the economy. We all see how that's turned out. Now he's not only demanding more money to spend, he's saying the the "temporary" increase is now permanent and can't be cut or we'll have a "depression". You mean to tell me that spending the same amount of money that we spent just THREE YEARS ago is going to put us in a depression? (Of course unemployment numbers have NEVER significantly changed during this so called "temporary" increase to "stimulate" the economy either, have they?)
7. The value of the dollar will plummet. A LIE. This happens ONLY if we default. Since it's UnConstitutional for us not to pay our debt there is no way the dollar's value can plummet, unless Democrats and Obama go against the Constitution. The ONLY reason that the dollar has lost ANY value whatsoever is these "QE's" that have gone on. Where we print hundreds of billions of dollars of basically worthless money and flood the nation and markets with them, LOWERING the value of the dollar.
Now libs. Tell me I'm lying. Show FACTS to prove me wrong. Or just continue to keep up your personal attacks on anyone that actually doesn't believe that bunch of lying asses in Washington to "prove" how intelligent you are.
Just keep on with those Reichwing talking points. Republicans have to be the most regressive creatures that I have ever met, and unfortunately I know a lot of them.
So, what's keeping the Senate from passing Reid's plan?