Politics: John Boehner postpones House bill vote on increasing debt ceiling.

http://www.washingtonpost.com/business/economy/boehner-other-gop-leaders-ramp-up-pressure-on-republicans-to-pass-debt-plan/2011/07/28/gIQARD5veI_story.html?hpid=z1

Got Votes?Master_Live

Apparently not.

I'll wait for that executive order from Obama to raise the debt ceiling. DroidPhysX

He just said he wouldn't. Today, in fact.

SOURCE

No need to worry gold sacs is to big to go bankrupt, there will be no default.EasyStreet

There won't be a default, period. Even if we don't increase the debt ceiling. We have plenty of tax revenue to pay off the nation's debt.

[QUOTE="DroidPhysX"]I'll wait for that executive order from Obama to raise the debt ceiling. airshocker

He just said he wouldn't. Today, in fact.

SOURCE

[QUOTE="DroidPhysX"]I'll wait for that executive order from Obama to raise the debt ceiling. airshocker

He just said he wouldn't. Today, in fact.

SOURCE

Give it a couple of days, then we see. Master_Live

Won't be any need. We'll get an increase.

[QUOTE="Master_Live"]Give it a couple of days, then we see. airshocker

Won't be any need. We'll get an increase.

I imagine if it gets to the deadline and nothing's been passed, he will.chessmaster1989

I don't think so. They're backpedaling on the whole "it'll be armageddon if we don't increase the debt ceiling." I think he'll wait, make cute remarks on the side-line, act presidential when he has to, until the House passes ANOTHER bill.

Crystal Ball FTW!!!Master_Live

We will see.

He may as well postpone it indefinitely since it's vowed not to pass the senate or the president's desk. It would just be a waste of time, and since we have less than a week at this point they don't really have time to do that.

[QUOTE="airshocker"]

[QUOTE="Master_Live"]Give it a couple of days, then we see. Master_Live

Won't be any need. We'll get an increase.

[QUOTE="DroidPhysX"]I'll wait for that executive order from Obama to raise the debt ceiling. airshocker

He just said he wouldn't. Today, in fact.

SOURCE

Is it true that tonight Boehner will cry himself to sleep?Master_Live

[QUOTE="Master_Live"][QUOTE="airshocker"]

Won't be any need. We'll get an increase.

kussese

House Dems and Bill Clinton are pressuring him. Confident that on August 1st, if a deal isn't reached, he will do it.DroidPhysX

I seriously doubt it, but we'll see.

I think that the Platinum Coin option is a pretty good one.nocoolnamejim

[QUOTE="Master_Live"][QUOTE="airshocker"]

Won't be any need. We'll get an increase.

kussese

You would be surprise.

The current GOP plan and Demo's plan are virtually alike, yet they still can't come to an agreement.

The only different between the two plans is:

Republicans debt deal is good til the 2012 Election

Democratic debt deal will last until after the 2012 Election

In other words, one party wants to reiterate this pointless debate again before the election to make the other party look bad, and the other ones to wait until after the election for the very same reason.

They will pass something before August 2nd. I think the whole default thing and not getting paid is just a scare tactic. But both sides don't want to default so I see something passing.

GOP would get the blame for debt ceiling not increasing meaning their chances of winning in 2012 would be slim

GOP would get the blame for debt ceiling not increasing meaning their chances of winning in 2012 would be slim

pero2008

We need Joe Biden! He'll fix it!

They will pass something before August 2nd. I think the whole default thing and not getting paid is just a scare tactic. But both sides don't want to default so I see something passing.

pero2008

I would agree with you except that there are three sides. Tea Party being the third, and they don't seem to actually understand what the default would mean.

GOP would get the blame for debt ceiling not increasing meaning their chances of winning in 2012 would be slim

[QUOTE="pero2008"]

GOP would get the blame for debt ceiling not increasing meaning their chances of winning in 2012 would be slim

DroidPhysX

[QUOTE="DroidPhysX"][QUOTE="pero2008"]

GOP would get the blame for debt ceiling not increasing meaning their chances of winning in 2012 would be slim

Master_Live

GOP would get the blame for debt ceiling not increasing meaning their chances of winning in 2012 would be slim

One thing's for certain at this point, our political system is the laughing stock of the world.

One thing's for certain at this point, our political system is the laughing stock of the world.

superfluidity

I think that the Platinum Coin option is a pretty good one.nocoolnamejim

OMFG I just had a nerd-gasm when I read that. That's got to be one of the coolest little known things I have read it a while.

Who is leading the Republican party right now in the house? It seems like they are leaderless right now. I don't see any deficit reduction bill getting passed at this point, just because I don't see how that can happen. The most that can actually pass congress is probably just a last minute clean debt ceiling raise. And if that can't pass (I'd be more surprised if it didn't pass then if it did), Obama really has no choice but invoke the 14th amendment, or do something a little more create, such as create a trillion dollar coin.

But it looks like it's almost impossible for any deficit reduction plan to get through. The votes just don't seem to be there.

I think that the Platinum Coin option is a pretty good one.nocoolnamejim

There arent words anymore for the state that the new House Republicans have put the government in. Its completely ridiculous that there should be so much argument over something as necessary as the debt ceiling. This is something that needs to be raised, when its time. These new republicans are just hijacking it to get their ideological goals on the fast track. Even when they have basically won, they still refuse to compromise in the slightest. its pathetic. I think it would be cool for the President to just invoke the 14th amendment and tell these guys off, but I dont think that that would be a good way for him to gain votes come next year. Then again, if it ends up really hurting our nation like the economists say, not doing it could hurt him too...Feel sorry for the guy. At the end of the day, the voters will put the blame on his shoulders even though it was manufactured by the new republicans.wolverine4262

Well alot of people by this point, but this isn't your grandfather's Republican party.

The Establishment can't successfully control their wing and they know that working with the Democrats who are solidly Progressive thanks to all the Dogs falling in 2010 will cost them ALL of their single-issue their base supporters (Anti-Choice, Christianists, Anti-Gun Control, Anti-Gay, etc) while leaving them with only the Business Elites to rely on. I just can't wait untilthe Tea Party supporters try to split from the Republicans and form a third party. They're anarchists, plain and simple.

And to think, the Republicans could have gotten 4 trillion in cuts across the board including all those entitlement programs that they loathe so much. What a bunch of fools. HoolaHoopMan

[QUOTE="Master_Live"]Is it true that tonight Boehner will cry himself to sleep?nocoolnamejim

Please, stop with the drama.

Well alot of people by this point, but this isn't your grandfather's Republican party.

The Establishment can't successfully control their wing and they know that working with the Democrats who are solidly Progressive thanks to all the Dogs falling in 2010 will cost them ALL of their single-issue their base supporters (Anti-Choice, Christianists, Anti-Gun Control, Anti-Gay, etc) while leaving them with only the Business Elites to rely on. I just can't wait untilthe Tea Party supporters try to split from the Republicans and form a third party. They're anarchists, plain and simple.

Ultimas_Blade

I want to know which of the proposed budgets aren't using that baseline budgeting gimmick. A little POed with the politicians doing that.

I want to know which of the proposed budgets aren't using that baseline budgeting gimmick. A little POed with the politicians doing that.

airshocker

None of them. Baselining is pretty the way budgeting has worked since the 70s if you're going by the CBO's numbers. I could be wrong on this, but I don't believe budgets deviate much from that process.

This is one of those cases that leads me to believe just about every member of Congress is worthless. I say throw them all in the same house and make a reality show out of it. That's about the only thing they'd be good for.UCF_Knight

what do you think CSPAN is?

None of them. Baselining is pretty the way budgeting has worked since the 70s if you're going by the CBO's numbers. I could be wrong on this, but I don't believe budgets deviate much from that process.

QuistisTrepe_

I mean the gimmick they're using by saying they're cutting spending, when they're actually still spending more just not as much as they thought.