House disapproves of increasing debt ceiling in symbolic vote

 

The House voted Wednesday largely along party lines to voice their opposition to further raising the debt ceiling, a symbolic gesture in response to President Obama's formal request for $1.2 trillion in increased borrowing authority.

Lawmakers passed what is known as a "Resolution of Disapproval" meant to register their dissatisfaction with the president's most recent request for an increase in the debt ceiling. The request -- along with today's symbolic vote -- were both established in last summer's deal on the debt ceiling and spending reduction.

The bill passed 239-179 with overwhelming Republican support, along with the votes of six Democrats. One GOP lawmaker voted against the bill. along with 175 House Democrats.

The motion is expected to fail in in the Senate, however, making today's vote little more than an effort for members of Congress to register their opposition to another tranche of borrowing (while avoiding having to risk any fiscal or financial fallout as a result). Even if the Senate were to approve this motion, Obama could veto the resolution, meaning each House would have to muster even stronger margins to overcome the president's veto.

Nonetheless, Wednesday's vote was designed as part of the debt limit deal struck last August, in order to give Republicans the chance to go on record against the debt limit increases that that bill authorized.

The Obama administration had indicated that it had intended to request the new wave of borrowing earlier in January, but it pushed back its request in response to congressional leaders who had wanted the opportunity to register their formal opposition.

Last week, Obama requested the third of three debt limit increases allowed to him under the bill. The $1.2 trillion dollar increase is expected to take the country through the end of this year.

House Democrats, who overwhelmingly voted against the measure, consider the vote another example of Republicans taking the nation’s economy to "the precipice" of default.

"The reason why the Republicans are bringing this up is a face-saver for their hardlined people who make the wrong association between national debt and paying what you already owe," Rep. John Larson (D-CT) told reporters today. "That's why we believe this is a fraudulent issue, a totally manufactured issue with respect to the debt ceiling."

Discuss this post

This is the kind of thinking that nearly pushed our economy off the cliff this summer. Good thinking! Now you want to do it again! The World Bank is looking at this behavior and predicting yet another recession worst than the one we are still suffering with. All of this to defeat the president! You are defeating our nation in the process.

  • 11 votes
#1 - Wed Jan 18, 2012 5:09 PM EST

Is Boehner & his merry band of malcontents trying to see if they can drive their approval rating can go below 13%???

Sure seems like it to me!

  • 13 votes
#1.1 - Wed Jan 18, 2012 5:11 PM EST

Just keep spending endlessly, right into national bankruptcy, is the Democratic Party policy.

But they are having too much fun giving away trillions of other people's money to their favorite campaign contributors...public unions, especially.

  • 9 votes
#1.2 - Wed Jan 18, 2012 5:14 PM EST

Hey Booby!

Have I told you lately how much I ♥ your avatar?

No one BUT Obama! AWESOME!

  • 14 votes
#1.3 - Wed Jan 18, 2012 5:16 PM EST

Bob don't forget the $500 Million in tax payer money Obama gave to Soylent Green. It's about time somebody stopped raising the credit limit until we can elect a better President....

  • 7 votes
#1.4 - Wed Jan 18, 2012 5:16 PM EST

Bob, you must have slept through the "W" administration.

  • 8 votes
#1.5 - Wed Jan 18, 2012 5:17 PM EST

That would be so cool if it all backfired in boners face

  • 7 votes
#1.6 - Wed Jan 18, 2012 5:17 PM EST

Great jobs bill. How many people will be employed as a result of this latest move?

  • 5 votes
#1.7 - Wed Jan 18, 2012 5:24 PM EST

Really wayne - the world bank is predicting another recession because of this?

Huh. See, here I was thinking it had to do with all that sovereign debt in Europe. You know like Greece that whose debt exceeds its GDP.

Man, we are so lucky not to be in that boat, right wayne?

So wayne, what do you think - let's just pitch Obama another $5 trillion. You know make the debt ceiling a col and even $20 Trillion. What could go wrong?

  • 7 votes
#1.8 - Wed Jan 18, 2012 5:24 PM EST

Perhaps the Republicans are trying to drive their approval rating down to 3%.

Gosh, the President Obama haters are showing signs of short term memory. I myself remember how bad the economy and unemployment were under President Bush and getting worst up to his last days in office.

So actually the truth is, President Obama inherited this incredible brink of depression mess from President Bush and President Obama has done a good job of turning the country around.

I honestly have to say anyone that doesn’t recognize this fact is pretty much out of touch with reality.

  • 13 votes
#1.9 - Wed Jan 18, 2012 5:27 PM EST

No Wayne.

What almost pushed the economy over the cliff this past summer was / is three years worth of fiscal irresponsibility by the Obama administration, and HIS inability to do anything about the economy (unemployment, double digit inflation, gas prices etc) in general during his three years in office.

You Obama-Lama-Ding-Dongs blame everyone else for HIS three years worth of economic FAILURE. The unemployment rate was 7.6% in January of 2009, when he took office. It went up to double digits in 2010, and now stands at 8.5%, which is almost a full point higher than it was three years ago.

The man has done NOTHING to create jobs, NOTHING to curtail inflation, and NOTHING to help out middle class families.

It's time to move on.

Oh and by the way NastyRedNeck; 65.3% of Americans polled say the country is headed in the wrong direction. Who do you think that falls on; Barrack Obama or John Boehner?

I'll give you a little hint. .

The buck ALWAYS stops in the Oval Office.

WORKING DEMOCRATS FOR ROMNEY 2012

THROW THE FREELOADERS OUT!

  • 5 votes
#1.10 - Wed Jan 18, 2012 5:28 PM EST

Then Romney will be the first freeloader to go. Perhaps he can buy a flip flop factory, and make millions when he closes it and moves it to China.

  • 8 votes
#1.11 - Wed Jan 18, 2012 5:36 PM EST

J. Merle Stanley-2759623

Current inflation rate as of Nov. 2011 is 3.39%

  • 4 votes
#1.12 - Wed Jan 18, 2012 5:40 PM EST

Yeah, too bad that rate excludes energy, eh you hoser?

Ideology - you happen to have a rate that includes gas and food? Cause brother my grocery bills and gas are a beating.

  • 5 votes
#1.13 - Wed Jan 18, 2012 5:43 PM EST

Oh and by the way NastyRedNeck; 65.3% of Americans polled say the country is headed in the wrong direction. Who do you think that falls on; Barrack Obama or John Boehner?

President Obama Job Approval Rating: 45.9% Approve - 48.3% Disapprove

Congress Job Approval Rating: 13.0% Approve - 83.3% Disapprove

Source: RealClearPolitics.com Average

  • 9 votes
#1.14 - Wed Jan 18, 2012 5:44 PM EST

Freeloaders like YOU will not determine the destiny of our country, JOB1

Mitt Romney worked and invested his money smartly.

If that makes you angry, too bad.

Why don't you get yours, the same way I got mine; WORK FOR IT, and stop trying to get free goodies from Uncle sam.

THAT's what wrong with our economy.

Too many FREELOADERS living out of other people's pockets.

DEMOCRATS FOR ROMNEY 2012!

  • 7 votes
#1.15 - Wed Jan 18, 2012 5:45 PM EST

"..........Current inflation rate as of Nov. 2011 is 3.39% .........."

Says who?

Bought a gallon of milk lately?

How about gas, or other food products such as a loaf of bread?

  • 5 votes
#1.16 - Wed Jan 18, 2012 5:51 PM EST

Democrats for Romney? Why on Earth are you supposedly a Democrat? No, you are too angry! You are a republican Stanley!

  • 8 votes
#1.17 - Wed Jan 18, 2012 5:52 PM EST

Bought a gallon of milk lately?

Nah - I'm a liberal and have it delivered via the welfare wagon.

  • 7 votes
#1.18 - Wed Jan 18, 2012 5:56 PM EST

Spanky-

"Yeah, too bad that rate excludes energy, eh you hoser?"

And you actually know that it excludes energy ....

What.s your problem Spanky ... are the ambulance drivers on strike in your town ... nothing to chase?

  • 9 votes
#1.19 - Wed Jan 18, 2012 5:57 PM EST

The COLA for Social Security was 3.6%.

That should be fairly representative of the official Government calculation.

Remember there was a zero COLA for 2010 and 2011.

  • 6 votes
#1.20 - Wed Jan 18, 2012 6:00 PM EST

J. Merle Stanley-2759623

inflationdata.com/inflation/Consumer_Price_Index/CurrentCPI.asp

  • 2 votes
#1.21 - Wed Jan 18, 2012 6:06 PM EST

Heck no, ideo - I'm 'chasing' away.

So how about the price of energy and food - got an inflation rate?

  • 5 votes
#1.22 - Wed Jan 18, 2012 6:17 PM EST

@Ideo - I will reluctantly play the role of RWNJ today.

That link you provided is from a liberal/democrat slanted web site that cannot be trusted to publish the real inflation numbers which are somewhere around 45%. If you don't believe me, look it up.

  • 2 votes
#1.23 - Wed Jan 18, 2012 6:18 PM EST

Spanky ... why don't you tell me, and provide the link please

  • 3 votes
#1.24 - Wed Jan 18, 2012 6:20 PM EST

Food is too dam HIGH!

  • 3 votes
#1.25 - Wed Jan 18, 2012 6:33 PM EST

RedDev ... you'll have to give me that link as I have been to over a dozen sites and the number is in the range I posted.

  • 2 votes
#1.26 - Wed Jan 18, 2012 6:45 PM EST

Link, smneek.

Just know how much I spent at the pump this morning, and looking at the grocery bills so far this year.

They say the avg. income around here is $75k.

Yeah, that'd cover gas, groceries, and maybe basic cable. No way you could float the NBA package.

So RedDev - why don't you tell us the rather interesting and important things that are excluded from those statistics?

Start with energy and work your way down.

  • 5 votes
#1.27 - Wed Jan 18, 2012 6:49 PM EST

went to buy coffee the other day, instant was up over $1.20 from a month ago. Run of the mill ground coffee in a 34 oz can was $8.88. Regardless, ever wonder why the fed has two different inflation indices?

  • 2 votes
#1.28 - Wed Jan 18, 2012 6:53 PM EST

Coffee is up because of a bad growing season, not inflation. Not all prices that go up are because of inflation. As a matter of fact a lot of food prices are up because of crop failures. Gas is up, not because of shortages but because of speculators. Hey, read something - like a newspaper or magazine, might learn something about something that isn't my political side is better than yours. Sheesh

  • 5 votes
#1.29 - Wed Jan 18, 2012 7:09 PM EST

Ah Spanky .. like you say.

Link, smneek

Why give real numbers when you can grab numbers out of the clear blue, much like carburetor regulations.

Now, given that basic cable costs you about 500 per year, that leaves $74.5k per year for gas and food. Split evenly, that must be some gas guzzler you drive and one big mouth to feed.

  • 5 votes
#1.30 - Wed Jan 18, 2012 7:12 PM EST

Gas is going up, today I paid $3.81a gal., here in Calif. Food prices are over the top, and if I hear one more time things are turning around, I am about to pop a blood vessel.

  • 3 votes
#1.31 - Wed Jan 18, 2012 7:14 PM EST

The rising prices of food is really pissing me off too. I can't hardly afford my Spicy V8 anymore. It's gone up 95 cents in the past couple of months. Have you priced organic milk? A gallon of regular milk costs $3.39. A half gallon of organic milk is $4.78. I guess those organic cows are much more expensive to raise. Good deal on veal steak tonight... $3.39 a pound... beats paying $9.29 for New York strip.

  • 2 votes
#1.32 - Wed Jan 18, 2012 7:16 PM EST

Again, this is due to shortages. Now, I know the favorite game is to blame one party or the other, but this time better blame Mother Nature. The corn crop was hurt due to extreme weather conditions. Bad corn crop leads to other problems - like feed for livestock, ethanol production, etc. This is just an example. Add to that speculation on the market - prices go up.

So, have fun. Blame each others party, but maybe, just maybe one of you will TRY and listen to a little common sense and realize not everything is about politics.

  • 2 votes
#1.33 - Wed Jan 18, 2012 7:24 PM EST

The republicans so cared about the deficit that they immediately raised taxes that should have been raised when they started the first bush war. You know what a responsible party in charge would have done.

Just like how in the history of our country they raised taxes every other time we were in war.

Nothing real from the republicans but they can sure pretend to care. Just allowing the bush tax cuts to expire the debt will be paid off by 2026, but the republicans want to make the bush tax cuts permanent and even give more tax cuts to the rich and then continue to pretend to care about the deficit in public and make phony showy votes.

It upsets the republicans that the poor don't have more to take. But don't worry, Newt will take the very food out the mouths of the poor and Romney will tell us how the cuts to the poor don't hurt them.

  • 4 votes
#1.34 - Wed Jan 18, 2012 7:28 PM EST

Who said anything about blame, I am just complaining that food is too dam HIGH. How we got here, I will keep to myself.

    #1.35 - Wed Jan 18, 2012 7:30 PM EST

    Well, whatever you do be sure to blame the President/Congress/Uncle Bob and whoever else you can think of - and not Mother Nature. It happens. Some years, crops are good, some years not. If there is blame to be attached, maybe speculators who bet on food, gas, etc.

    • 2 votes
    #1.36 - Wed Jan 18, 2012 7:37 PM EST

    I agree there are plenty of reasons for the increases, but inflation should also be in the factor. Don't you agree?

      #1.37 - Wed Jan 18, 2012 7:47 PM EST

      So RedDev - you saying my motor home mechanic was lying and he really can take apart a carburetor?

      I think not because I asked the guy at the motorcycle shop - same deal. And you know who this screws, right? Poor folk. After all the 1%-ers have the shiny brand new motor homes. Everything has fuel injection. It's the less fortunate, humping around in their 10-20 year old coaches, riding their 3-12 year old bikes, jet skis and snowmobiles.

      Why does Cali hate the middle class RedDev?

      Oh and the $75k is gross. We got some righteous taxes here in Cali. Kick ass sized sales tax, and Brown is begging us to raise it.

      I suspect it will not happen.

      But yeah, she is a gas guzzler - but hey you have to go big [6500 GVW] to qualify for the IRC Sec. 179 deductions.

      And come on RedDev - if the government is willing to subsidize a huge portion of the cost of my ride, who am I to refuse them?

      • 3 votes
      #1.38 - Wed Jan 18, 2012 7:51 PM EST

      phancy - ssshhhhhhhhhhhhhh!!!!!!! You are going to confuse all those people that continually blame the republicans and democrats... they aren't going to know what to think about your comments... an actual post that makes sense and is very lucid. You are setting a bad example for anyone that's loony around here. We might have to send you back to school to re-educate you. Then ideology will be on the warpath... he'll be cursing in French all over the place... come on now phancy... get back on the bandwagon with all the others... blame someone, would you? (smile)

      • 2 votes
      #1.39 - Wed Jan 18, 2012 8:01 PM EST

      phine - Inflation is also a reflection of both supply and demand, which takes into account shortages by whatever means. It is not just a reflection of to much currency chasing to few goods.

      Best do better research yourself...

      Interesting tidbit for you, in 2008 oil was driven to around $140/barrel by probable speculation, yet gas pump prices hovered near $4/gallon before crashing. In 2011 NYMEX reached only about $110/barrel with pump prices hovering again near $4/gallon, Now NYMEX is around $100/barrel with pump prices (in iowa) around $3.20/gallon. You do know that the FED has two methods of figuring inflation, right?

      The totas, I understand...

      • 1 vote
      #1.40 - Wed Jan 18, 2012 8:04 PM EST

      Okay. Factor in about 3.6% (I use 3.6 because that is what the COLA was for social security). Trust me, if inflation was going up significantly, the Fed and the press would be all over it (not to mention the GOP field). Wall Street would be having kittens (although that would be cute to see). I am not trying to be an ideologue here, just a realist. Lots of other good political fights out there for both sides. Unfortunately, this isn't one of them.

      BB,

      I am smiling!!! How you doin' tonight. Getting into much trouble?

      • 2 votes
      #1.41 - Wed Jan 18, 2012 8:05 PM EST

      AF - Did you just imply that obama wants to allow the obama (bush) tax cuts to expire across the board? that obama has no problem in raising their income taxes? That the ri ght wants them continued? Seems that the 98%'ers better be notified of obamas plans before the novembedr election.

      Time to take your meds and put on that new foil hat.

      • 1 vote
      #1.42 - Wed Jan 18, 2012 8:13 PM EST

      Making a U turn here. Is there really another debate tomorrow night? If so, why? How many more times can these guys say the same stump lines? I mean, even they must be bored with it (not to mention the electorate)

      And if there are (and I know there's not but just saying) this many debates for the general elections I am going to use my vote for a write in candidate - Bill the Cat from Bloom County fame. He only says one thing "ACK" (He has a haiball and cat nip problems)

      • 1 vote
      #1.43 - Wed Jan 18, 2012 8:18 PM EST

      Brianb ... osti d'kalisse de pourris ;-)

        #1.44 - Wed Jan 18, 2012 8:18 PM EST

        [House disapproves of increasing debt ceiling in symbolic vote]

        You're doing a heck of a job, Boehner!

        Next up in ring number two: Renaming post offices!

        And later, in ring number three, don't miss the spectacle as the House votes on a commemorative coin!

        ...riveting, I tell you!

        • 1 vote
        #1.45 - Wed Jan 18, 2012 8:25 PM EST

        Ideology,

        My translater on my iPhone won't translate that!

        • 1 vote
        #1.46 - Wed Jan 18, 2012 8:31 PM EST

        phine, I am not surprised ... it is Quebecoise french ... try to google it

          #1.47 - Wed Jan 18, 2012 8:34 PM EST

          Oh my!!! Yes, it looks so much better in Quebecoise French than English. Does Rosetta Stone have Quebecoise French. Think I would like to learn it! :)

          PS. Have to admit my eyes did pop out a little.

            #1.48 - Wed Jan 18, 2012 8:39 PM EST

            phine, the first word osti is also spelled esti and derives from ostie which is the thin wafer given out in catholic churches,

              #1.49 - Wed Jan 18, 2012 8:47 PM EST

              Somehow connecting that with the body of Christ just boggles my mind at the moment. (Will I have to go to confession over this?)

                #1.50 - Wed Jan 18, 2012 8:49 PM EST

                Many quebec swear words are connected to the church ... tabernac is one and all it means is tabernacle so a popular curse would be 'esti tabernac'

                Confession is good for the soul and bypasses the need to hire a therapist.

                  #1.51 - Wed Jan 18, 2012 8:58 PM EST

                  You sound exactly my Father Tom (our parish priest) Side note, St. Augustine is one of the few towns in the south where being Catholic isn't a bad thing!

                    #1.52 - Wed Jan 18, 2012 9:03 PM EST

                    I am still trying to find reddev's 45 percent inflation rate ...

                      #1.53 - Wed Jan 18, 2012 9:06 PM EST

                      All I can find is 3.4%. And the COLA for social security was 3.6% Where did 45% come from?

                        #1.54 - Wed Jan 18, 2012 9:11 PM EST

                        I went to the US inflation calculator, still can't come up 45%. Just 3.4%

                          #1.55 - Wed Jan 18, 2012 9:16 PM EST

                          I knew it!! I just knew it... talk about sending phancy to school and before she leaves ideology is already cussing. Même après trois ans de français à école, ai encore besoin un traducteur

                            #1.56 - Wed Jan 18, 2012 9:19 PM EST

                            shadowstats.com has it range from about 6% to 10% depending on the method used.

                              #1.57 - Wed Jan 18, 2012 9:20 PM EST

                              Brianb, your grade is A-

                              maybe A+ if you can supply the correct US inflation rate

                                #1.58 - Wed Jan 18, 2012 9:23 PM EST

                                I have been to all kinds of government sites, and a few schools of economics. Bottom line is about 3.4 to 3.6% is what I have found.

                                  #1.59 - Wed Jan 18, 2012 9:23 PM EST

                                  Here is the only French I know,

                                  Vous estes un amour

                                  How's that Ideology?

                                    #1.60 - Wed Jan 18, 2012 9:28 PM EST

                                    Vous etes un amour ... A-

                                      #1.61 - Wed Jan 18, 2012 9:34 PM EST

                                      BUT, I figured out what RedDev was talking about. Wanna know? An article on from the financialedge.investopedia.com from May 2011 talked about worldwide food prices going up (although their figure was 37%), there might have been a later article. It is all about food shortages. Has nothing to do with inflation!

                                      TA DA!!!!

                                      I googled what items have gone up in price by 45% (The way a woman thinks)

                                        #1.62 - Wed Jan 18, 2012 9:41 PM EST

                                        Dear. God. In.Heaven.

                                        Food and fuel are in an inflationary spiral. The reason inflation is only 3.6% is because we are now factoring in the cost of "lifestyle" increases- how many iPads do you buy a year?

                                        More importantly than that, we are seeing DEFLATION in significant sectors: housing construction, (and all of the materials that go intothat sector), minerals, ( copper, steel, aluminum), and. Wages.

                                        Once upon a time, those of us in the field thought that stagflation was the worst economy we'd ever see.

                                        Obama has taught us that there is actually something worse than that.- this economy.

                                        We have not, yet, come up for a name for it.

                                        Other than disaster.

                                        • 1 vote
                                        #1.63 - Wed Jan 18, 2012 9:58 PM EST

                                        The only site I see that makes a little sense is this one:

                                        http://inflationdata.com/inflation/inflation_rate/currentinflation.asp

                                        It only takes the rate up to Nov 11 and doesn't account for the rise in food and gasoline prices.

                                        How is the gasoline in your neck of the woods? I'm watching a rollercoaster ride here in Montgomery... the prices fluxuate about every 2 weeks.. it goes as high as 3.34 and then falls to 3.09 then climbs again. I've watched it do this since July of last year.

                                        How about prices in Canada ideology? How much per liter?

                                          #1.64 - Wed Jan 18, 2012 9:59 PM EST

                                          Brianb ... we are averaging 1.35 per litre

                                          shadowstats.com will give you another read on the inflation rate using 1980 and 1990 models.

                                          • 1 vote
                                          #1.65 - Wed Jan 18, 2012 10:35 PM EST

                                          Listen, I want a BALANCED debt deal, and I want a BIG ONE. But until our leaders have the balls to compromise and actually WORK for us, borrowing is the only thing preventing us from an Early Bird 2012 Apocalypse. I have a plan that could work, but it requires a lot of compromise and stomach.

                                          1. Deficit Reduction Package over 12 years:

                                          • Cut defense by $800 billion. Prioritize spending to match the investments made by the Chinese, install cyber-defense system to defend American projects and info. Close 144 bases (mostly in Europe and US)= $40 billion a year. Invest more in drones. Cap aircraft carriers at 13. Target waste in private contracting.
                                          • $1.2 trillion in savings from entitlement reform: Raise cap to 90% of taxable income; preserve tax on $3.5 million estate; progressive indexing; adjust COLA, etc.
                                          • Remove Bush tax cuts except $1.2 trillion for middle/lower class earners= $3.2-3.6 trillion savings. Repeal all of Bush tax cuts in 2015 but save deductions for marriage, house, children, etc.
                                          • Gradually increase taxes on the highest income bracket to 45.4% from 39.6% after repeal of Bush tax cuts=$900 billion.
                                          • Increase capital gains tax to 21%.
                                          • Reform tax code, eliminate loopholes and most tax expenditures. Add a value-added tax at about 4-5% as long as it won't stifle growth or overburden taxpayers. If it does stifle growth, wait until economy (unemployment rate, stock market data, etc) is up to pre-recession levels and then enact it.
                                          • Lower corporate tax rate to competitive 17.5% BUT no loopholes and ALL corporations pay 17.5%. NO TAX REFUNDS for corporations.
                                          • Eliminate $100 billion in subsidies for oil/gas, ethanol, and farms. Use $60 billion for deficit and the rest for incentives in clean energy.
                                          • Reform government departments, agencies. Place Dept. of Homeland Security under Defense Department.
                                          • Cut $2.1 trillion from the rest of discretionary spending EXCEPT NASA and Education.
                                          • Wealth tax to discourage hoarding of money.
                                          • Total savings=~$9 trillion over 12 years including lower interest.

                                          2. Economic Plan (paid for by a 4% surtax on people who make over $1 million).

                                          • $60 billion in infrastructure bank.
                                          • $40 billion in incentives for clean energy, plus increases in subsidies and new projects to construct solar power plants, wind farms, nuclear power plants, hydroelectric dams, etc.
                                          • 100% duty on goods from nations that manipulate trade markets (China, Russia, etc).
                                          • $50 billion for innovation.
                                          • Education reform along lines of Obey Porter model. Also investing into Head Start education program. Merit-based pay, $2,000 per student, and revamp of building conditions and technology. Follow example of nations beating us with new teaching techniques.
                                          • Immigration reform. Sponsor immigration of those excelling in science, math, technology, etc and offer them government jobs if they can't get them in the private sector.
                                          • $200 billion in plan to rebuild America using underemployed and unemployed people.
                                          • $50 billion to upgrade U.S. airports, refineries, oil rigs, and harbors.
                                          • Help housing market by speeding up foreclosure time, destroying old houses for new projects, writing off underwater mortgages, and having the feds and state and local govts buy houses and teaming up with private sector to rent out homes and split profits until market fully recovers (nice revenue stream; less foreclosures; win-win).
                                          • Reinstate Glass-Steagall Act.
                                          • Reform Wall Street.
                                          • Full employment policies.
                                          • Living wages and higher minimum wage after recovery.
                                          • Low-cost higher education.
                                          • Employee Ownership Programs.
                                          • Creation of a Pacific trade zone area open to all nations THAT WILL OBEY TRADE LAWS. China will not be initially invited until they cooperate with the WTO on trade fraud.
                                          • Decrease inequality by promoting education, strong safety nets for the unemployed, and pro-growth policies from both the left AND the right, including a more progressive tax structure.
                                          • $50 billion for domestic energy exploration.
                                          • $40 billion for Department of Tourism and 200,000 embassy workers to speed up time to get a visa to visit the US. Increase tourism, create jobs, and allow people to spend money in America.
                                          • Broad national regulatory overview: cut wasteful regulations in some sectors (energy infrastructure, etc) and install new regulations in others (financial markets, housing, etc).
                                          • New regulation: all companies must increase their employees salaries at least once every two to five years and must index for inflation (allows middle and lower class income to increase steadily).
                                          • Follow People's Budget economic rebooting package and tax reform onhttp://grijalva.house.gov/uploads/The_CPC_FY2012_Budget.pdf
                                          • Post Office reform. Eliminate health benefit payment over 75 years; buyout 100,000 employees; invest in online shipping and deliveries; eliminate all transfers of money to federal accounts until Post Office balance sheet is balanced; increase cost of stamps by $.03; temporary 2% pay cut and 15% decrease in administrative salaries.
                                          • Tax all companies on money made on American market. Give deductions for companies for every dollar they spend hiring American workers who earn a salary/benefits of under $250,000 or purchasing Made in America supplies, goods, parts, materials, etc.
                                          • Remove any breaks for companies that offshore jobs, and offer a large tax credit for every wave insourced jobs from companies based on number of jobs insourced (around $5,000-8,000 per head).

                                          3. Reform Government.

                                          • Government funded campaigns and zero-contributions of private donors (unions, companies, etc) but welcome for individual donations under $200.
                                          • Elimination of Super PACs and reject corporate/union person-hood.
                                          • Proportional representation.
                                          • Filibuster reform. Limit amount per year and make certain bills immune.
                                          • Cut congressional budgets by 20% and decrease pay for officials from $170,000+ to $80,000.
                                          • Constitutional amendment keeping lobbyists away from Capitol Hill when in session.
                                          • NO VACATIONS OR PAY when deadlock is in government.
                                          • Congress can no longer vote to increase their own pay. That occurs automatically when national standard of living rises.

                                          I know it's a bit long but that is it. Please comment on it and send your suggestions.

                                          OBAMA BIDEN 2012

                                          • 2 votes
                                          #1.66 - Wed Jan 18, 2012 11:16 PM EST
                                          Reply

                                          I've been alive thru 10 Presidents. I don't recall any with less leadership skills than Obama. How effective would this guy be if he accidentally got re-elected again?

                                          • 6 votes
                                          #2 - Wed Jan 18, 2012 5:14 PM EST

                                          Only ten? You must have slept through the bush II administration. There was pure imbecility!

                                          • 6 votes
                                          #2.1 - Wed Jan 18, 2012 5:20 PM EST

                                          UAW - come on now - did you ever like him? Did you vote for him? Probably not.

                                          • 3 votes
                                          #2.2 - Wed Jan 18, 2012 5:23 PM EST

                                          No Wayne I wasn't sleeping. During those 8 years I quadrupled my income and net worth working for one of those evil 1%'ers selling equipment to other evil 1%'ers. But honestly my lot in life isnt dictated by any politician so it wouldn't have mattered who was in the White House. You still waiting for someone elses wealth to get re-distributed your way?

                                          • 4 votes
                                          #2.3 - Wed Jan 18, 2012 5:27 PM EST

                                          Recall is obviously not a strength - puhleeeese!!

                                          Nixon - the scandalous liar

                                          Reagen - the class divider

                                          And then there was Bush - the Economic destroyer, the Reputation destroyer, the war-mongering Nation destroyer.

                                          • 4 votes
                                          #2.4 - Wed Jan 18, 2012 5:30 PM EST

                                          Wow, it really is all about you, isn't it pleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze?

                                          • 4 votes
                                          #2.5 - Wed Jan 18, 2012 5:31 PM EST

                                          Oh well, The President stands a pretty good chance of getting re-elected.

                                          • 5 votes
                                          #2.6 - Wed Jan 18, 2012 5:31 PM EST

                                          UAW, Bush-43 was a close second.

                                          But you are right; Obama has done NOTHING to stimulate the economy during his three years in office, and all of his flunkies are trying to blame it on someone else.

                                          The only "change" we got from him was the coin change left in our pockets, where dollar bills used to be.

                                          • 3 votes
                                          #2.7 - Wed Jan 18, 2012 5:36 PM EST

                                          Look again, Job1.

                                          65.3% of Americans say the country is headed in the wrong direction.

                                          I'd say he's primed to become a one termer.

                                          (Oh well)

                                          • 3 votes
                                          #2.8 - Wed Jan 18, 2012 5:39 PM EST

                                          Job1

                                          Oh well, The President stands a pretty good chance of getting re-elected.

                                          Only if the Republicans screw it up.

                                          That being said, you seen the latest Chinese firedrill, starring Willard "get your grubbies off my money" Romney, Newt "I'm taking your lunch money" Gingrich, Rick "God loves me, you should too" Santorum and Rick "Where's my propeller beanie" Perry

                                          • 4 votes
                                          #2.9 - Wed Jan 18, 2012 5:40 PM EST

                                          "PRETTY GOOD?"

                                          Come on Job1 - he is Mr. Hope and Change. He won just three years ago by a wide margin. He literally stop the seas from rising.

                                          He now faces the weakest field of contenders in the history of the world.

                                          He 'got' Bin Laden and ended the Iraq war. He liberated Egypt and Libya. He got the stimulus he asked for and passed Obamacare.

                                          He is frigging Parker Lewis, right?

                                          • 3 votes
                                          #2.10 - Wed Jan 18, 2012 5:40 PM EST

                                          I don't now Job1 now that the House and Senate are split that pretty much cut off Obama's supply of bribe cash for the unions and the poverty lobby. Acorn got unfunded. I've heard alot of the white first time voters in '08 are taking a more informed view of thier vote in 2012. Obviously Liberals, KKK types and people who vote strictly on race arent going to change their opinion of Obama good or bad. His inexperience in negotiating has been his biggest down fall. The majority of Americans are hoping for a better leader than what we have now....

                                          • 2 votes
                                          #2.11 - Wed Jan 18, 2012 5:45 PM EST

                                          He is frigging Parker Lewis, right?

                                          NAW, I'm waiting for him to rip open his shirt and show us all the big "S" on his chest. ;-0)

                                          • 4 votes
                                          #2.12 - Wed Jan 18, 2012 5:46 PM EST

                                          UAW,I've been alive through twelve Presidents and have yet to see a Republican President with a functioning brain,

                                          • 3 votes
                                          #2.13 - Wed Jan 18, 2012 6:49 PM EST

                                          Rich - I too have lived thru 12 presidents, Obama is the first one that hasn't found a way to work with congressional leaders. At least he got SOME support from democrat leaders.

                                          When was the last time you ever heard a POTUS harp day in and day out that republicans are hindering his agenda. Or that the 1% and corporations should take on government debt and spending?

                                          I can see that if obama was a congressman such blame would be expected, but as POTUS? No freaking way!! We need unity and a clear path going forward, obama hasn't learned this yet.

                                          • 2 votes
                                          #2.14 - Wed Jan 18, 2012 7:13 PM EST

                                          I, for one am damn glad the republicans are hindering his agenda. He did enough damage to this country when democrats had total control. Liberals think the democrats should always rule and act unfettered. This country is screwed up enough with all the liberal PC crap and the feel good legislation the liberals have passed through the years.

                                          • 1 vote
                                          #2.15 - Wed Jan 18, 2012 7:33 PM EST

                                          Obama is the first one that hasn't found a way to work with congressional leaders

                                          What a joke! President Obama has done everything humanly possible to work with the republicans in congress. But how do you work with someone who comes out as soon as you are elected and says their main goal is to defeat President Obama?

                                          Then their every vote, their every obstruction is to show President Obama who is in charge and republicans now have decided that the compromise that our country was built on is now a dirty word. The republicans come out and brag they are getting 98% of what they want and that is still not enough. Somehow President Obama has not compromised enough and it is his fault the republicans can't work with him.

                                          After the republicans block every jobs bill, they turn around and complain that Obama has created no jobs. Romney has even gone so far as to say President Obama has never had a jobs bill.

                                          No one is asking the 1% and corporations to take on government debt. We are just asking the rich to invest in our own country enough to get the people working again. I guess that is asking too much to ask the republicans to do something for America instead of doing only for the rich 1%.

                                          • 5 votes
                                          #2.16 - Wed Jan 18, 2012 7:50 PM EST

                                          Invest more.

                                          See there AF - you are asking for more. See the rich already pay 40%.

                                          So do tell us AF, just how much more do you think you need?

                                          • 1 vote
                                          #2.17 - Wed Jan 18, 2012 7:54 PM EST

                                          AF - Then vote them all out, left and right with obama included. You and obama are like two peas in a pod, it is all about blaming someone else.

                                          ABO - 2012!

                                          • 1 vote
                                          #2.18 - Wed Jan 18, 2012 8:22 PM EST

                                          Spanky first you act like you know it all and then you come on here and act dumb. I am talking about the .05% surcharge on your second million of income that has been proposed to fund programs to get Americans back to work in the American Jobs Act.

                                          But can't ask the rich to invest back into the country where they made all their money can we?

                                          How can we ask the rich to sacrifice something they won't even miss to assist their own country they claim to love so much? Don't you just admire Romney wanting to raise the taxes on the poor so they can pay for more tax cuts for him and the rest of the 1%?

                                          Spanky unless you are fighting for less taxes on your second million in a year you are just voting against yourself. You claim to be smarter than that.

                                          • 4 votes
                                          #2.19 - Wed Jan 18, 2012 9:52 PM EST

                                          Heck, just take away their write-offs and "tax expenditures."

                                          Spank chimes in with how much they pay, but the truth is that they GET OUT OF PAYING a trillion dollars per year through their loopholes - more if you include their off-shore accounts.

                                          That is enough EACH YEAR to fund all of the amount the U.S. spends on Medicare and Medicaid with nearly all of the Social Security annual payments to boot!

                                          Wingnuts always whine and yell about reducing or eliminating Medicare, Medicaid, and Social Security - calling them "entitlements" - when all they need do is to pay the taxes they owe at today's rates! If we return to the rates of the Clinton administration, and close the loophole expenditures, we would NOT have deficit spending (remember Clinton accomplished a balanced budget) and at pre-Reagan rates, we could eliminate the national debt.

                                          Fact is that Tea/Republican fiscal mis-management has, and continues, to do great harm to this nation....why on earth would voters put them back in the White House to finish their job of bankrupting America?

                                          OH! We won't!

                                          • 1 vote
                                          #2.20 - Wed Jan 18, 2012 11:22 PM EST

                                          I do not understand why the President needs all of this money. He promised the American people that the 2012 federal deficit would not exceed 229.27 billion dollars and the President always keeps his promises. Congress needs to pass a budget for 2012 that supports the President's promise.

                                            #2.21 - Thu Jan 19, 2012 12:17 AM EST

                                            [Spank chimes in with how much they pay, but the truth is that they GET OUT OF PAYING a trillion dollars per year through their loopholes...]

                                            Ouch...oh, and don't forget that besides being a real estate lawyer, Spanky also represents those who want to get out of paying what they rightfully owe the federal government in taxes by "negotiating" with the IRS for lower tax payments.

                                            I say take the house, car, boat, motorhome....whatever you can, AFTER the negotiations are complete.

                                            If they can't pay your FULL tax debt, take their @!$%#.

                                            • 2 votes
                                            #2.22 - Thu Jan 19, 2012 6:50 AM EST
                                            Reply

                                            Oh for Pete's sake -here we go again - might just as well get out of the stock market completely - these bozo's do nothing to help the economy!

                                            • 1 vote
                                            Reply#3 - Wed Jan 18, 2012 5:15 PM EST

                                            You expect politicians to define the markets?? LMAO! They can't make decisions that have merit over more than a very short term. Hasn't the current market volatility, low volume and the european sovereign debt issue showed you anything.

                                            • 1 vote
                                            #3.1 - Wed Jan 18, 2012 7:23 PM EST
                                            Reply

                                            Nonetheless, Wednesday's vote was designed as part of the debt limit deal struck last August, in order to give Republicans the chance to go on record against the debt limit increases that that bill authorized.

                                            ========

                                            So in other words, all talk and no action. The GOP know the 'have to' scenario surrounding the Debt Ceiling (like it or not), but yet need 'political cover' for a talking point.

                                            Does this talking point change "...our children's future..." talk that is normally thrown around about this time? The fact the GOP House gave their disapproval of a process that they knew would still get enacted does what to change the future?

                                            All bark and no teeth. The GOP is no less complicit than they claim Democrats to be.

                                            • 4 votes
                                            Reply#4 - Wed Jan 18, 2012 5:18 PM EST

                                            So in other words, all talk and no action. The GOP know the 'have to' scenario surrounding the Debt Ceiling (like it or not), but yet need 'political cover' for a talking point.

                                            Ask S&P what they do when the GOP *DOES* take action. Hello, downgrade!

                                            • 6 votes
                                            #4.1 - Wed Jan 18, 2012 5:26 PM EST

                                            LMAO Noid - the left and obama are far from guiltless in the downgrade, it will be the obama administration that will be credited with the downgrade, more for a failure to create unity going forward than anything else.

                                            • 1 vote
                                            #4.2 - Wed Jan 18, 2012 7:28 PM EST

                                            Don't kid yourself. It is in too many publications that the republican party and their unwillingness to compromise on anything and that has caused too much anxiety. With the republicans willing to shut our country down to just get their way made our congress look unstable. It is the lack of concern over our country just to push a point that led to the downgrade.

                                            This was the first time in the history of our country that the debt ceiling was held hostage. Only a terrorist would hold our country hostage until we meet their demands. Good work republicans.

                                            Just like a republican to want to blame someone, anyone else for their failures.

                                            You know if the republicans had raised taxes instead of giving even more tax cuts to the richest during war time then we would not have the huge deficit we have today.

                                            Quit acting like the republicans are innocent. The republicans took a surplus and almost full employment and turned it into the largest deficit in our history and still the republicans are trying to convince us that they are the ones who know what is best for our country, right American?

                                            • 1 vote
                                            #4.3 - Wed Jan 18, 2012 8:24 PM EST
                                            Reply

                                            The House voted Wednesday largely along party lines to voice their opposition to further raising the debt ceiling

                                            In other news, the sun rose in the east this morning...

                                            • 5 votes
                                            Reply#5 - Wed Jan 18, 2012 5:32 PM EST

                                            In other news, the sun rose in the east this morning...

                                            AND, according to respected scientists, should set in the west.

                                            (about as certain as the government spending more money than it takes in)

                                            • 3 votes
                                            #5.1 - Wed Jan 18, 2012 5:44 PM EST

                                            AND, according to respected scientists, should set in the west.

                                            But...but...but...

                                            The tea-republican pundits ASSURE us that respected scientists are wrong! Why, heck - it is respected scientists who try to warn us about "global warming" and the wingnuts have already said that is a crock, there aint no such thing -" those scientists don't know what they're talking about..." So I am going to take the wingnuts at their word (since readin through these posts they assure me that they know sooooo much and have a handle on things -- NOT!) and look for the sun to disapear over the northern horizon this evening.

                                            • 6 votes
                                            #5.2 - Wed Jan 18, 2012 6:05 PM EST

                                            Yeah Stupid - I remember back in 2007 when Gore first starting spouting off that the polar ice caps would be gone 'in just five years.'

                                            And man, did you see the heroic efforts it took that Coast Guard Ice Breaker to get that Russian taker to Nome?

                                            Sure was a lot of ice up there. now let's see - Stupid just how many years ago was 2007?

                                            I credit Obama - he cured us of the evil global warming.

                                            • 2 votes
                                            #5.3 - Wed Jan 18, 2012 7:58 PM EST

                                            I've moved past the human responsibility for climate change game and have stumbled onto what our government agencies have declared as "peak oil" being met in 2006. If this is true no federal regulations on emissions will soon be needed.

                                            http://news.nationalgeographic.com/news/energy/2010/11/101109-peak-oil-iea-world-energy-outlook/

                                            • 1 vote
                                            #5.4 - Wed Jan 18, 2012 9:43 PM EST
                                            Reply

                                            It appears that the only thing Congress is good at are "symbolic" votes. Well, I guess if you do something well, you want to keep doing it.

                                            • 4 votes
                                            Reply#6 - Wed Jan 18, 2012 5:54 PM EST

                                            Next up---a vote to rename more post offices. To be followed by another assault on women's reproductive rights.

                                            • 2 votes
                                            #6.1 - Wed Jan 18, 2012 6:05 PM EST
                                            Reply

                                            Go ahead GOPers shut down the government and Boehner will meet the same fate as Gingrich did when he went up against Clinton for the same sort of BS. It was the fault of the Republicans in the 90s and it will be their fault this time too.

                                            Wake up people and remember that this Congress has done less than any in over 75 years if not longer all because of the G-NO-P. The Congress has been TP'd

                                            • 2 votes
                                            Reply#7 - Wed Jan 18, 2012 6:16 PM EST

                                            Baldeagle11,

                                            You know it is difficult to repeat this, they did what they were elected to do, shut down the Congress from passing what was essentially a very left wing liberal agenda.

                                            If the Democrats had moderated their positions a bit do you really think we would have had the Congressional landslide we had in 2010?

                                            NO we wouldn't have. The President thought so, YES President OBAMA thought so. The Democrats were not expecting a complete sweep in 2008 and the Hard liners in power positions in Congress took advantage of the situation, and it had a very predictable backlash.

                                            There isn't a democrat out there that can spin it, Democrats went for the whole enchilada from '08 to '10 and had their azzez handed to them for it.

                                            The only question left, is the electorates anger still there?

                                            • 1 vote
                                            #7.1 - Wed Jan 18, 2012 6:54 PM EST
                                            Reply

                                            God they are just pathetic! I can not say how much I look forward to seeing the last of these no no no congress men & women...I will be very happy when Cantor is out of office! And oh wow McConnell too...what a sick bunch of people...

                                            • 1 vote
                                            Reply#8 - Wed Jan 18, 2012 10:05 PM EST

                                            Face it! This current Congress(112th) has held the economy hostage repeatedly over the past years while staunchly protecting the super-rich and their tax havens. This is their M.O. even with the promises they made in December. At last look the president's numbers are going up as the economy has ticked up slightly even with the Congress' non-actions. The Congress' numbers have truly tanked and stand in the single digits. Five times the TEA-GOP-Republicans have forced the national debt ceiling onto a precipice, even at their own expense. There is no conversation, consultation or compromise from these confrontational elitist. The constant and repeated lying while not recognizing Bush started two wars that were not paid for. Bush's policies created the "housing Meltdown" and the "Housing Bubble". Bush's policies and lack of "Fiduciary" leadership controlling Wall Street and the banking sector triggered the recession we experienced. This massive debt "We" have incurred was and is the only way out, while saving as many jobs as we could under the circumstances. In 2010, when the TEA party members promised jobs, they came in and passed more anti-abortion laws all across the nation. Another thing that should be considered is this year, more than a dozen states have enacted new voting restrictions, including eight — Alabama, Kansas, Mississippi, Rhode Island, South Carolina, Tennessee, Texas and Wisconsin — that passed variations of a rule requiring photo identification. Idaho and Oklahomapassed similar legislation in 2010, as did Utah in 2009. In 2008New Mexico pass this legislation. Ohio andGeorgia passed voter restrictions in 2006 while Missouri tightened their voter laws. In 2003, Voter ID laws passed inAlabama, Colorado, Montana, North Dakota and South Dakota where the Republican Party was in charge. Fourteen states dominated by the TEA-GOP-Republican Party have changed the rules for voters since President Obama was elected into office.

                                            • 1 vote
                                            Reply#9 - Wed Jan 18, 2012 10:23 PM EST

                                            I do not understand the problem. The President has promised that the 2012 federal deficit will not exceed 229.27 billion dollars so this 1.2 trillion dollars will last many years. With more than 15 trillion dollars of current debt I estimate that this additional 1.2 trillion dollars of debt will end up costing the tax payers only about 10 trillion dollars to repay in as short a time as 170 years. It is only money.

                                              Reply#10 - Thu Jan 19, 2012 12:42 AM EST

                                              These rabid republicans are right back at the same things they know are wrong, will damage of country, will damage of economy but will hopefully increase the likeliness of their departure from the Congress since they have no common sense and no idea what they are doing. They really think we Americans are stupid enough to put up with their hateful and sorry behavior for much more time. They were elected to create jobs, not to cause damage and ruin to our country.

                                                Reply#11 - Thu Jan 19, 2012 1:52 AM EST

                                                Vicki please! OBOMBO is a socialist! him and his left wing liberals like you! Europe is broke

                                                because of this kind of spending and big union governemnt! none of his policies have worked!

                                                green technology is a scam! energy prices skyrocketing! there are jobs in oil gas and coal

                                                and like a dictator he shuts down jobs and cheap energy! his entire administration is a power

                                                hungry corrupt evil people who are all getting rich with this liberal agenda! most americans

                                                see what his change meant and are fed up with him and his left wing liberal crap!

                                                he never even passed a budget!!!! how much have you benefited from his welfare programs?

                                                  #11.1 - Thu Jan 19, 2012 8:44 AM EST
                                                  Reply
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