What is Obama's Plan for Debt Ceiling Resolution?

[epicSocialism4tw]

Apparently there isn't one.

<IFRAME height=390 src="http://www.youtube.com/embed/AbKemPlo-2E" frameBorder=0 width=640 allowfullscreen></IFRAME>

"After bobbing-and-weaving for nine minutes, Carney finally says what everybody knows: the president won’t put his plan on paper because he doesn’t want it to become “politically charged” before a compromise can be reached. In other words, you’ve got to pass it to find out what’s in it"
http://www.nationalreview.com/corner/272768/carney-gets-hit-ten-minutes-obama-plan-daniel-foster


Not this again.

[Smiling Assassin27]

We can't score a speech, Mr. President.


Sincerely,

CBO

[Rigs11]

duurrrrr...

Republicans Pushing Budget Balance Won’t Deliver Details on How

Congressional Republicans are clear in their demand for a constitutional amendment forcing the government to balance its budget. What they’re not offering is clarity on how to get there.

It’s politically popular to line up behind such an amendment; laying out specific cuts is less appealing.

I’ll Name Them’
“When the time comes, I’ll name them,” said Hatch. “I don’t want to do it right now, because we have to pass that amendment.”
http://www.bloomberg.com/news/2011-07-18/republicans-pressing-for-a-balanced-budget-fail-to-deliver-details-on-how.html

[TheElusiveKyleOrton]

duurrrrr...

Republicans Pushing Budget Balance Won’t Deliver Details on How

Congressional Republicans are clear in their demand for a constitutional amendment forcing the government to balance its budget. What they’re not offering is clarity on how to get there.

It’s politically popular to line up behind such an amendment; laying out specific cuts is less appealing.

I’ll Name Them’
“When the time comes, I’ll name them,” said Hatch. “I don’t want to do it right now, because we have to pass that amendment.”
http://www.bloomberg.com/news/2011-07-18/republicans-pressing-for-a-balanced-budget-fail-to-deliver-details-on-how.html

You mean epicFAIL is a hypocrite?

Look how shocked everyone is.

[mhgaffney]

You guys have been suckered again.

Don't you know a fake crisis when you see one?

Of course not. That's how they suckered you into supporting the war policy in the first place.

S-u-c-k-e-r-s-!

[ghwk]

Seriously another f**king thread on on this?? Can't you just post in one of the existing threads epicfaillamadouche?

[cutthemdown]

Obama might have blown it. Credit rating might now get downgraded no matter what. Investors didn't want to hear about tax increases, they wanted cuts and a deal to raise the debt limit. Obama had to try and win no matter what. No even when they raise limit we could get downgraded. Obama blew it. That happens and he loses another 100 billion a yr.

[epicSocialism4tw]

Seriously another ****ing thread on on this?? Can't you just post in one of the existing threads epicfaillamadouche?

http://3.bp.blogspot.com/_DBvbFNAWfbA/TJ4znT49CjI/AAAAAAAABkI/do8pZHJGcy8/s400/dawn+exploding+head.jpg

[That One Guy]

duurrrrr...

Republicans Pushing Budget Balance Won’t Deliver Details on How

Congressional Republicans are clear in their demand for a constitutional amendment forcing the government to balance its budget. What they’re not offering is clarity on how to get there.

It’s politically popular to line up behind such an amendment; laying out specific cuts is less appealing.

I’ll Name Them’
“When the time comes, I’ll name them,” said Hatch. “I don’t want to do it right now, because we have to pass that amendment.”
http://www.bloomberg.com/news/2011-07-18/republicans-pressing-for-a-balanced-budget-fail-to-deliver-details-on-how.html

But the position is very logical.

People want a balanced budget - in theory. It's just that noone wants to give up their benefits to get there. They recognize the need but want to be greedy and selfish. If they can use the idealism to get the amendment passed, there would be no room for the voters then to get greedy and selfish ahead of the welfare of the US.

This concept is nothing new.

[peacepipe]

Obama might have blown it. Credit rating might now get downgraded no matter what. Investors didn't want to hear about tax increases, they wanted cuts and a deal to raise the debt limit. Obama had to try and win no matter what. No even when they raise limit we could get downgraded. Obama blew it. That happens and he loses another 100 billion a yr.

you're a joke! 1st if it wasn't for republicans fabricating a crisis where there isn't one we wouldn't even be here. 2nd raising taxes doesn't have a god damn thing to do with our credit rating.

[peacepipe]

But the position is very logical.

People want a balanced budget - in theory. It's just that noone wants to give up their benefits to get there. They recognize the need but want to be greedy and selfish. If they can use the idealism to get the amendment passed, there would be no room for the voters then to get greedy and selfish ahead of the welfare of the US.

This concept is nothing new.neither is raising taxes on the rich.

[That One Guy]

you're a joke! 1st if it wasn't for republicans fabricating a crisis where there isn't one we wouldn't even be here. 2nd raising taxes doesn't have a god damn thing to do with our credit rating.

The president currently is refusing to do what it takes to save the credit rating and the only possible think I can think of that might convince him to is tax increases.

I would say the two are mildly connected, at least.

[L.A. BRONCOS FAN]

http://l.yimg.com/bt/api/res/1.2/bBlJ7nPrXYm7j15QhQ_abQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://l.yimg.com/os/en_us/News/AFP/photo_1311932151203-5-0.jpg (http://us.lrd.yahoo.com/_ylc=X3oDMTI4ZTllMG9vBF9TAzM5ODMwMTAzOARnc3RhdGUDM QRwb3MDMQRzZWMDbndfdG9wc3RvcmllcwRzbGsDaW1nBHRhcgN uZXdzLnlhaG9vLmNvbQ--/SIG=13bbq9kmb/EXP=1313158522/**http%3A//news.yahoo.com/weak-speaker-failed-debt-vote-disarmed-nations-top-111905041.html) The weak speaker: How a failed debt vote disarmed the nation's top Republican (http://us.lrd.yahoo.com/_ylc=X3oDMTJhYjAxdGZkBF9TAzM5ODMwMTAzOARnc3RhdGUDM QRwb3MDMgRzZWMDbndfdG9wc3RvcmllcwRzbGsDdGl0bGUEdGF yA25ld3MueWFob28uY29t/SIG=13bbq9kmb/EXP=1313158522/**http%3A//news.yahoo.com/weak-speaker-failed-debt-vote-disarmed-nations-top-111905041.html)

House Speaker John Boehner failed to muster enough GOP votes to pass his plan to raise the debt limit on Thursday night, throwing into question the fate of Boehner's proposal as well as that of his speakership. Republican leaders must now rewrite the legislation in order to attract more conservatives as they try to pass a revised version on Friday. But considerable damage has been done. ...

[peacepipe]

The president currently is refusing to do what it takes to save the credit rating and the only possible think I can think of that might convince him to is tax increases.

I would say the two are mildly connected, at least.the pesident gave in on taxes, reps are the ones not budgeing. how much someone pays in taxes has no bearing on wether we pay our debts.

[That One Guy]

So, does this make people stop saying it's people just defending party lines now? The Tea Partiers, right or wrong, are standing their ground against both Rs and Ds. I think to take that kind of career risk, you have to be dedicated.

[That One Guy]

the pesident gave in on taxes, reps are the ones not budgeing. how much someone pays in taxes has no bearing on wether we pay our debts.

The original discussion was for $4T+ and the tax increases. Obama said he was going to take some of those tax increases to pay for some of the things cut in the $4T cuts. Now that the tax increases are off the table, we're looking at fewer cuts being offered. Care to take a guess where those previously proposed cuts went?

Obama wasn't cutting those things. He never intended to, he just wanted to change whether they were deficit or tax funded. If he goes back to his original offer but removes the tax increases and leaves the rest the same, I bet they get a lot of favorable responses from the Rs. The Ds then wouldn't support it.

[peacepipe]

The original discussion was for $4T+ and the tax increases. Obama said he was going to take some of those tax increases to pay for some of the things cut in the $4T cuts. Now that the tax increases are off the table, we're looking at fewer cuts being offered. Care to take a guess where those previously proposed cuts went?

Obama wasn't cutting those things. He never intended to, he just wanted to change whether they were deficit or tax funded. If he goes back to his original offer but removes the tax increases and leaves the rest the same, I bet they get a lot of favorable responses from the Rs. The Ds then wouldn't support it.

dems compromised on everything. hell boehner & cantor refused to compromise on tax revenue walking away 3 times.

[That One Guy]

dems compromised on everything. hell boehner & cantor refused to compromise on tax revenue walking away 3 times.

It doesn't matter how much you compromise if your original position is held by one side to be unreasonable.

If you disagree, I'll sell you this $1 bill for $100. Don't worry though, I'm flexible in my price and we can negotiate.

[alkemical]

It doesn't matter how much you compromise if your original position is held by one side to be unreasonable.

If you disagree, I'll sell you this $1 bill for $100. Don't worry though, I'm flexible in my price and we can negotiate.

I'll take your deal, and then borrow the $ from you to pay you back.

[cutthemdown]

Obamas approval rating to 40%. The real winner in this mess is Romney who can say I am a DC outsider, look at these fools try and work together. Obama has proven he can't bring people together, only be stubborn.

[peacepipe]

It doesn't matter how much you compromise if your original position is held by one side to be unreasonable.

If you disagree, I'll sell you this $1 bill for $100. Don't worry though, I'm flexible in my price and we can negotiate.that word describes the GOP. that's putting it nicely.

[Garcia Bronco]

There is no room to negotiate. Cut it now and cut it deep...first stop...defense spending...second stop heathcare spending. It's really no more complicated than that. Otherwise we have no near term(20 years) expectation of becoming a solvent partner in the market place as a country.

[Smiling Assassin27]

just default, already.

Only one side has put up legitimate plans for consideration. Granted, they were all inadequate and chicken-bleep but not for the reasons the Dems are giving. Let the meltdown begin, as it's really the only thing that will force action of any consequence.

[Rigs11]

Obamas approval rating to 40%. The real winner in this mess is Romney who can say I am a DC outsider, look at these fools try and work together. Obama has proven he can't bring people together, only be stubborn.

i thought you didn't trust polls?by the way care, care to post the approval of repubs vs obama on this debt ceiling fiasco?

[Rigs11]

just default, already.

Only one side has put up legitimate plans for consideration. Granted, they were all inadequate and chicken-bleep but not for the reasons the Dems are giving. Let the meltdown begin, as it's really the only thing that will force action of any consequence.

what side would that be? the one that doesn't want to budge an inch?bunch of children.

[Smiling Assassin27]

what side would that be? the one that doesn't want to budge an inch?bunch of children.

they are budging by even raising the debt ceiling AT ALL, pal. call names all you want but it's not hard to see what's happening here if you look closely. do you run your household in this manner? i bet you do not.

[Smiling Assassin27]

Ron gets it right on this:

<iframe width="425" height="349" src="http://www.youtube.com/embed/sEP8cQF-QC4" frameborder="0" allowfullscreen></iframe>



'One side loves entitlements and the other side loves war...'

[Mr.Meanie]

they are budging by even raising the debt ceiling AT ALL, pal. call names all you want but it's not hard to see what's happening here if you look closely. do you run your household in this manner? i bet you do not.

They didn't have a problem "budging" the 7 times it was raised under Bush, or the 18 times it was raised under Reagan. This is a routine increase that has been done literally over 100 times since it was instituted. Our deficit vs. our GDP is actually a fairly healthy ratio, we should not be threatening to destroy America's financial standing in the world over this.

I absolutely agree we need to balance the budget by making cuts and raising taxes, but this isn't the way you do it. The entire world is being held hostage by a small group of extremists in the house, this crap is completely unprecedented in our history.

Also, the government is not like a business or your household finances. It is not and should not be run for profit. The government's role is to safeguard it's citizens and promote prosperity for the country, and also provide a platform for interacting with other world countries in a way that benefits the country.

[Rigs11]

they are budging by even raising the debt ceiling AT ALL, pal. call names all you want but it's not hard to see what's happening here if you look closely. do you run your household in this manner? i bet you do not.

no they are not pal, the budget needs to be raised so that the US can pay its bills.the way i run my household is that i pay my bills.take the blinders off.

[Rigs11]

They didn't have a problem "budging" the 7 times it was raised under Bush, or the 18 times it was raised under Reagan. This is a routine increase that has been done literally over 100 times since it was instituted. Our deficit vs. our GDP is actually a fairly healthy ratio, we should not be threatening to destroy America's financial standing in the world over this.

I absolutely agree we need to balance the budget by making cuts and raising taxes, but this isn't the way you do it. The entire world is being held hostage by a small group of extremists in the house, this crap is completely unprecedented in our history.

Also, the government is not like a business or your household finances. It is not and should not be run for profit. The government's role is to safeguard it's citizens and promote prosperity for the country, and also provide a platform for interacting with other world countries in a way that benefits the country. the deficit vs gdp ratio right now is the same as when reagan was president.the repubs are a circus

[Smiling Assassin27]

no they are not pal, the budget needs to be raised so that the US can pay its bills.the way i run my household is that i pay my bills.take the blinders off.

really? do you go out and get another credit card so you can pay your bills? if so, my sympathies. pyramiding debt only gets you more debt, not more solvency. never has, never will. would you tell a heroine addict to cure that pesky addiction by shooting more heroine into his system?

[Smiling Assassin27]

They didn't have a problem "budging" the 7 times it was raised under Bush, or the 18 times it was raised under Reagan. This is a routine increase that has been done literally over 100 times since it was instituted. Our deficit vs. our GDP is actually a fairly healthy ratio, we should not be threatening to destroy America's financial standing in the world over this.

I absolutely agree we need to balance the budget by making cuts and raising taxes, but this isn't the way you do it. The entire world is being held hostage by a small group of extremists in the house, this crap is completely unprecedented in our history.

Also, the government is not like a business or your household finances. It is not and should not be run for profit. The government's role is to safeguard it's citizens and promote prosperity for the country, and also provide a platform for interacting with other world countries in a way that benefits the country.

first of all, i will not defend R's on their responsibility in this. they helped create this monster and deserve their part of the blame. but the reality remains--upping the debt ceiling does nothing to resolve the issue. the solution is cutting spending and cutting up the credit card, plain and simple.

the government's role is to provide for the common defense and to maintain a stable and solvent currency. that's all. it is not to provide housing or education or medical care and never was. you want to 'interface with the world', then lead by example by demonstrating the way to economic solvency--responsible spending.

your assessment of 'healthy ratio' for our spending to GDP is arbitrary. by the way, what is that ratio right now? make sure you aggregate the federal spending that is actually done at the state level when you figure that ratio. WHY is it 'healthy'? ever hear of the 'rahn curve'? it suggests what you have suggested--that SOME government is good and necessary, but there exists a point at which too much government hamstrings growth and prosperity. clearly we are there.

[peacepipe]

first of all, i will not defend R's on their responsibility in this. they helped create this monster and deserve their part of the blame. but the reality remains--upping the debt ceiling does nothing to resolve the issue. the solution is cutting spending and cutting up the credit card, plain and simple.

the government's role is to provide for the common defense and to maintain a stable and solvent currency. that's all. it is not to provide housing or education or medical care and never was. you want to 'interface with the world', then lead by example by demonstrating the way to economic solvency--responsible spending.

your assessment of 'healthy ratio' for our spending to GDP is arbitrary. by the way, what is that ratio right now? make sure you aggregate the federal spending that is actually done at the state level when you figure that ratio. WHY is it 'healthy'? ever hear of the 'rahn curve'? it suggests what you have suggested--that SOME government is good and necessary, but there exists a point at which too much government hamstrings growth and prosperity. clearly we are there. general welfare.

[Tombstone RJ]

no they are not pal, the budget needs to be raised so that the US can pay its bills.the way i run my household is that i pay my bills.take the blinders off.

Yah, I guy like you pays one credit card off with another. Congrats brosef, you lose.

The budget does not need to be raised. Do you even have a clue as to how much 1 TRILLION dollars is? How big is the deficit already?

This whole thing is a bunch of crap--this whole escapade that DC is putting on. It's a house of games and we are the ones being played. Why? Because we have no real leadership in DC. It's all a joke.

[Tombstone RJ]

They didn't have a problem "budging" the 7 times it was raised under Bush, or the 18 times it was raised under Reagan. This is a routine increase that has been done literally over 100 times since it was instituted. Our deficit vs. our GDP is actually a fairly healthy ratio, we should not be threatening to destroy America's financial standing in the world over this.

I absolutely agree we need to balance the budget by making cuts and raising taxes, but this isn't the way you do it. The entire world is being held hostage by a small group of extremists in the house, this crap is completely unprecedented in our history.

Also, the government is not like a business or your household finances. It is not and should not be run for profit. The government's role is to safeguard it's citizens and promote prosperity for the country, and also provide a platform for interacting with other world countries in a way that benefits the country.

Yah, these crazy extremists want crazy things like a government that adheres to the Constitution. I know, crazy, crazy stuff.

Actually, you're the moron. DC is a joke, it's a bloated, corrupt, crappy bureaucracy lead by the top 1% of the wealthiest people in this country, all these politicians do is line their own pockets and then retire after 30 years with benefits paid for by you and me.

get real.

[Smiling Assassin27]

general welfare.


general welfare is not unlimited government.

[Smiling Assassin27]

House just passed Boehner bill. Prepare for the political buffoonery to begin in 3...2...

[peacepipe]

general welfare is not unlimited government.

general welfare is not limited government.

[Play2win]

a more perfect union...

[L.A. BRONCOS FAN]

I wonder how much money the insiders at Standard and Poor's made by selling stuff short
knowing that on Monday the Market would fall 600 points. I bet they made a bundle.

To bad we don't have anyone to look into that.



<big>Our job is not to judge.

Our job is to "look forward," no matter how many billions they steal.


</big> http://www.bartcop.com/cantor-thumbnail.jpg
<big style="font-weight: bold; color: rgb(0, 0, 153);">"I made a bundle my betting on
America to fail, then blocking
Obama's plan to save the market."</big>