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

Forums: Politics, U S Politics, Economy, U S Debt Discussion, Nope
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firefly
 
  1  
Reply Sat 30 Jul, 2011 01:58 pm
@H2O MAN,
http://www.usnews.com/pubdbimages/image/23351/0729opinion315x260.jpg
Quote:
Tea Party Republicans are doing the work of the people.

Only if you assume the American people want to see the Republican party destroyed, enabling the re-election of Obama.
0 Replies
 
cicerone imposter
 
  1  
Reply Sat 30 Jul, 2011 01:59 pm
@hawkeye10,
It's beyond their words; they are out to destroy the economies of many countries - including their own. That's beyond reasonable or acceptable behavior in congress which is meant to negotiate and compromise on issues. Not to bankrupt this country with foolishness and demands that are impossible to meet in a couple of weeks.
0 Replies
 
H2O MAN
 
  -3  
Reply Sat 30 Jul, 2011 02:02 pm
@firefly,
http://1.bp.blogspot.com/_cAUmFIIHiis/SpLYc1UFlQI/AAAAAAAADAc/SIsmvfqiQDU/s400/Obama+voodoo+recession.jpg

http://burstupdates.files.wordpress.com/2011/06/burstupdates-obama-recovery-e1307033148578.jpg?w=594
0 Replies
 
H2O MAN
 
  -3  
Reply Sat 30 Jul, 2011 02:04 pm
http://www.antiobamablog.com/files/the_obama_recession.jpg
H2O MAN
 
  -3  
Reply Sat 30 Jul, 2011 02:08 pm
http://777denny.files.wordpress.com/2011/07/obamanomics1.jpg
0 Replies
 
firefly
 
  1  
Reply Sat 30 Jul, 2011 02:11 pm
@H2O MAN,
Gee, that sure looks like the recession was well under way long before Obama even took the oath of office. Hmmm...who was President during all that time? Wasn't it George Bush? Rolling Eyes
H2O MAN
 
  -2  
Reply Sat 30 Jul, 2011 02:15 pm
@firefly,
Have you ever heard of Frank, Dodd, Pelosi and Reid?
Did you know they were busy screwing things up for Americans two full years before Obama took office?
Hmmm... what party do the four mentioned above belong to? Is it the democrat party? Rolling Eyes
0 Replies
 
realjohnboy
 
  1  
Reply Sat 30 Jul, 2011 02:16 pm
@firefly,
Put up a graph of the Dow over the last 5 years.
firefly
 
  1  
Reply Sat 30 Jul, 2011 02:29 pm
@realjohnboy,
Quote:
Put up a graph of the Dow over the last 5 years.

Right now, I am more interested in what the Dow will look like Monday and Tuesday, as a result of all the uncertainty over a debt ceiling bill.

And, if we don't have a bill passed by the Tuesday deadline, I'm not sure I want to see what the Dow will look like on Wednesday.
JPB
 
  1  
Reply Sat 30 Jul, 2011 02:32 pm
Quote:
MajoratNJ Key McConnell quote: : “Our country is not going to default for the first time in history. That is not going to happen. "1 of 2

MajoratNJ 2nd McConnell quote: "We now have a level of seriousness with the right people at the table that we needed. We’re going to get a result. " 17 minutes ago · reply · retweet · favorite


Quote:
MajoratNJ Key Boehner quote 1 of 2: : “We are going to be able to come to some agreement with the White House and end this impasse. " 14 minutes ago · reply · retweet · favorite

MajoratNJ Boehner 2 of 2: "We are dealing with reasonable, responsible people who want this crisis to end as quickly as possible and I think we will.” 13 minutes ago · reply · retweet · favorite


Quote:
Sen Rand Paul (R-KY) just tried to call up @SenatorReid's bill for immediate vote. Majority Leader Dick Durbin (D-IL) objected.



realjohnboy
 
  1  
Reply Sat 30 Jul, 2011 02:42 pm
@JPB,
As I understand this rather fluid situation, the House voted this afternoon to defeat the Reid plan in the Senate before it even got approved there. McConnell and Reid will try again to get some kind of compromise through the Senate late tonight and to a vote in the House, perhaps tomorrow.
I am not confident that Boehner has control over his own party at this point.
cicerone imposter
 
  2  
Reply Sat 30 Jul, 2011 03:02 pm
@firefly,
firefly, I'm expecting that without any agreement, we'll see about a 10% drop in the DOW next week. It's going to have a destabilizing effect on world markets and economy, because most people understand that the cost of everything will increase.

The current fragile economy in Europe and the US will be exposed, and any solution for further recovery will be unsuccessful.

I call this real terrorism by the gang of 87 in the US.
hawkeye10
 
  1  
Reply Sat 30 Jul, 2011 03:15 pm
@cicerone imposter,
Quote:
, I'm expecting that without any agreement, we'll see about a 10% drop in the DOW next week. It's going to have a destabilizing effect on world markets and economy, because most people understand that the cost of everything will increase.
Does that include in the event that Obama ignores the debt ceiling and orders the treasury to sell bonds?
hawkeye10
 
  1  
Reply Sat 30 Jul, 2011 03:16 pm
@realjohnboy,
realjohnboy wrote:

As I understand this rather fluid situation, the House voted this afternoon to defeat the Reid plan in the Senate before it even got approved there. McConnell and Reid will try again to get some kind of compromise through the Senate late tonight and to a vote in the House, perhaps tomorrow.
I am not confident that Boehner has control over his own party at this point.
The way I am reading the reports it looks like the GOP is ignoring Reid, they are negotiating with Obama, and you know how that tends to go.
0 Replies
 
cicerone imposter
 
  1  
Reply Sat 30 Jul, 2011 03:20 pm
@hawkeye10,
Doesn't matter what extraneous actions Obama or congress takes after no deal on the debt ceiling.
0 Replies
 
JPB
 
  1  
Reply Sat 30 Jul, 2011 03:32 pm
Quote:
bigjohnrc Boehner meeting the Tuesday Group mods could be sign he's prepping to sell a #debt deal conservs in his conference will not accept 15 minutes ago · reply · retweet · favorite


Quote:
@politico: From @jakesherman and @jonallendc -- Boehner looks for a 'majority of the majority'
0 Replies
 
failures art
 
  3  
Reply Sat 30 Jul, 2011 04:08 pm
@cicerone imposter,
Read some international coverage. Summary: What a luxury that the USA can cause an international crisis. It's important to remember that the effect of this doesn't stop at our borders.

I'm for the one page bill. If the GOP wants to have a fight about the budget, let them do that come budget time, not bill time. It doesn't matter that you don't approve of a $6.00 milkshake, you don't get to choose to give the soda jerk $3.00. You pay what you owe.

Until the GOP accepts that revenues are a part of the solution, they aren't serious. Debt climb correlates with tax slashing, not the spending mythology that the GOP sells to the public.

A
R
T
JPB
 
  1  
Reply Sat 30 Jul, 2011 04:16 pm
Quote:
MajoratNJ Reid calls GOP filibuster of Reid 1.0 "unconscionable and unprecedented." Reid asks for up-or-down vote McConnell objects

MajoratNJ Then McConnell calls for vote on cloture (break filibuster) Reid objects. #objectionable 18 seconds ago · reply · retweet · favorite
0 Replies
 
cicerone imposter
 
  1  
Reply Sat 30 Jul, 2011 04:17 pm
@failures art,
It's a simple concept that many conservatives don't understand.

We're trying to pay what happens to be most of GW Bush's deficit spending-increase in our debt- now with the debt ceiling, but the newbies don't understand how US politics works.

They're trying to do major surgery without understanding all the ramifications of their attempts to cut out the heart before finding what the real ailment is that will result in the patient dying.

They don't have a clue, because they are new to national politics.

We all know about how power corrupts; we're seeing it now. The tail is wagging the GOP dogs.
0 Replies
 
cicerone imposter
 
  1  
Reply Sat 30 Jul, 2011 04:22 pm
Where's that guy who declared the end of the world recently? Maybe, only his timing was off. Smile Embarrassed Rolling Eyes Rolling Eyes Mr. Green Mr. Green Drunk Drunk Drunk Drunk
 

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