26
   

Tick, tick. August 2nd is the Debt Limit Armageddon. Or Not.

 
 
realjohnboy
 
  1  
Reply Thu 28 Jul, 2011 03:47 pm
O0ps. Final vote on Boehner's bill seems to have been delayed until at least later this evening according to an alert from C-Span.
JPB
 
  1  
Reply Thu 28 Jul, 2011 04:02 pm
@realjohnboy,
Quote:
The House vote was delayed around 5:30 p.m. EDT, but it was not immediately clear for how long. If the House approved the bill, it would bring President Barack Obama and congressional leaders a step closer to endgame efforts for a debt-limit solution before Tuesday's deadline.

At an afternoon news conference, Speaker John Boehner, R-Ohio, said the House would act on legislation that he called "a sincere, honest effort to end this crisis." Rival Democratic leaders moved ahead on the assumption that Boehner would prevail in rallying Republicans to back the legislation.

Republicans are seeking deep spending cuts in exchange for raising the nation's $14.3 trillion debt limit to allow the government to keep paying its bills. The White House has threatened to veto the GOP bill if it makes it through the Democratic-controlled Senate. Still, getting the newly modified House plan passed on Thursday was seen as an important step toward finding a compromise — possibly in the Senate. More

JPB
 
  1  
Reply Thu 28 Jul, 2011 04:05 pm
@JPB,
From the same link as above...

Quote:
Earlier in the day, in a closed-door GOP meeting, Boehner, R-Ohio, made headway in securing the 217 votes necessary to pass his plan. No Democrats were expected to support it. Boehner told the Republicans he expected to round up enough votes but was not there yet.

"But today is the day," he said, according to people in the room.


I wonder if they've got a couple Dems who are willing to be sacrificial lambs?
gungasnake
 
  0  
Reply Thu 28 Jul, 2011 04:10 pm
@Thomas,
What America really needs is to get rid of the fed, the income tax, and the entire system of basing money on federal debt and, in the short term since that isn't gonna happen overnight, we need state owned banks.

http://www.webofdebt.com
http://webofdebt.wordpress.com/
realjohnboy
 
  1  
Reply Thu 28 Jul, 2011 04:18 pm
@JPB,
I found earlier today, somewhere, a list of supposedly key votes. One was a Dem in a heavily Repub district. He plans to run for the Senate and so far has no serious opponent from either party. That could change if he votes Yes. I can't retrieve his name, though.
0 Replies
 
parados
 
  0  
Reply Thu 28 Jul, 2011 06:04 pm
@gungasnake,
You can do that easily gunga.. Move to Somalia.. No Fed, no income tax and no system based on money.
cicerone imposter
 
  1  
Reply Thu 28 Jul, 2011 06:43 pm
@parados,
This crisis is affecting the religious folks who doesn't want to see more cuts against the poor.

Quote:
Religious leaders arrested in Capitol
Updated 3h 18m ago

WASHINGTON (AP) — Eleven religious leaders protesting budget cuts affecting the poor were arrested in the Capitol Thursday as the House began debate on a bill to cut spending and raise the debt ceiling.
0 Replies
 
realjohnboy
 
  1  
Reply Thu 28 Jul, 2011 07:15 pm
I read an article today in the Columbus (Ohio) Dispatch. Sozobe lives there and could comment, perhaps.
Repub House member Jim Jordan represents the sprawling 11th district, which happens to be next to Boehner's. A conservative district which Jordan carried with 60% of the voters. Jordan, a Tea Party movement leader, opposes any hike in the debt ceiling.
Ohio, following the 2010 census, will lose 2 House seats. The Repubs control the redistricting process and will likely draw the lines such that 2 incumbent Dems would have to face off. In addition, Jordan's district would disappear, split amongst districts other Repubs control.
0 Replies
 
JPB
 
  1  
Reply Thu 28 Jul, 2011 07:41 pm
Rumors are that Boehner is refusing to buy votes with earmarks (good for him), that some folks are holding out until the bill is re-written to require a BBA at the 2nd debt ceiling raise, that the leadership suite is being dubbed the "pizza shed" due to all the pizza being brought in as members take their turn in the woodshed.
roger
 
  2  
Reply Thu 28 Jul, 2011 07:45 pm
@JPB,
I simply can't get behind an amendment for something Congress could do without an amendment. This one looks kind of borderline anyway, if you consider all the exceptions that would just about have to be written into it. Not to mention the few odd items that aren't really included in the budget anyway.
JPB
 
  1  
Reply Thu 28 Jul, 2011 07:58 pm
@roger,
Me neither, roger.
0 Replies
 
JPB
 
  1  
Reply Thu 28 Jul, 2011 08:04 pm
Latest rumor includes "We're close" from Walden (R-OR) and that it's headed back to the rules committee - which would be required if they want to add in the BBA change.
Thomas
 
  2  
Reply Thu 28 Jul, 2011 08:13 pm
@JPB,
JPB wrote:
Latest rumor includes "We're close" from Walden (R-OR) and that it's headed back to the rules committee - which would be required if they want to add in the BBA change.

Is that "close" as in "we House Republicans are close to agreeing among ourselves", or "close" as in "we're close to a bill that will pass both the Republican House and the Democratic Senate"? All I've read about so far was the former kind of "close".
JPB
 
  1  
Reply Thu 28 Jul, 2011 08:22 pm
@Thomas,
among themselves. Current thought is that they're rushing it back to the rules committee to add in a BBA for the second tier and that that will get it out of the house and over to the senate.

Rep Whip McCarthy emailed the house members to "stand by..." for a possible vote yet tonight.
0 Replies
 
JPB
 
  1  
Reply Thu 28 Jul, 2011 08:24 pm
I'm watching the congressional media tweet stream and it's a riot. Here's one...


1PatriciaMurphy I thought you were doing it?? RT @jamiedupree SERIOUS QUESTION - Who gets assigned to make sure 87 year old Rep Ralph Hall R-TX gets back...
0 Replies
 
JPB
 
  1  
Reply Thu 28 Jul, 2011 08:26 pm
McCarthy: "No vote tonight"
0 Replies
 
Cycloptichorn
 
  0  
Reply Thu 28 Jul, 2011 08:47 pm
Amazing

Cycloptichorn
msolga
 
  0  
Reply Thu 28 Jul, 2011 08:51 pm
Posting this during a break in your commentary.
From Reuters.
Interactive map of the US showing the impact of the debt limit on each state.:

Quote:
What would a debt-limit crisis cost the states?
Jul 27, 2011 11:24 EDT

Thanks to Jordan Eizenga at the Center for American Progress, you can see some scenarios of the impact of the halt in payments to states if the debt ceiling is not raised. Jordan says:

Senario 1: assumes that the Treasury Department will continue funding Social Security, Medicare, Medicaid, defense & unemployment.

Senario 2:swaps out defense for critical safety net programs like food stamps, housing assistance & special education grants.

The key thing to remember is that these are cuts that would occur even if we protected Social Security, Medicare, Medicaid, defense, and UI. Failing to raise the debt limit causes unavoidable pain to states.

Roll your mouse over to see the effect on each state. ...<cont>


http://blogs.reuters.com/muniland/2011/07/27/what-would-a-debt-limit-crisis-cost-the-states/
0 Replies
 
JPB
 
  1  
Reply Thu 28 Jul, 2011 08:51 pm
@Cycloptichorn,
No kidding.

One of the sticking points, apparently, was that the Pell grants were too generous. Another was the lack of a BBA.
JPB
 
  1  
Reply Thu 28 Jul, 2011 09:01 pm
@JPB,
Rules change will allow same day voting on modified bill.
0 Replies
 
 

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