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

Considering that the debt limit was raised 18 times under Regan, 9 times under Bush 41, 6 times under Clinton and 7 times under Bush 43, all without incident, they took the debt celing for granted and didn't anticipate the current politically manufactured crisis. If they knew that something thatwas never before an issuein our country's history would all of a sudden threaten to send us to a second recesson or worst, then I'm sure they would have done things differently.

As far as the 20/20 vision of hindsight goes, you are right. They should have done something. "Pay go" should have been their first clue that this could happen.

genfactor

Of all those times you mentioned the debt ceiling raised, the US and the world weren't in the same economical situation, which may be the difference there is such opposition.

The quote that's been floating around below really makes sense (to me at least)

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. … Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Here is a question I have yet to hear asked by anyone.

Why, given all the new spending they started, didn't dems just raise the debt limit to, say, $20 trillion back in 2009 when they had total control of the federal govt?

Or, just eliminate the debt ceiling altogether?

Why did they increase federal spending by such a huge amount, then leave the dirty work of raising the debt limit and actually paying for all their spending, to the next congress?

Besides the obvious answer that they are just a bunch of irresponsible pukes that had a helluva party spending other people's money, leaving the mess for someone else to clean up.

collegeboy64

Because raising the debt ceiling has never been an issue until now.

So, it passed.....Mafiree

[QUOTE="Mafiree"]So, it passed.....Serraph105

Just passed. The balanced budget amendment still needs work on the specifics, though.

Now Harry Reid is the bad guy if he rejects it.

[QUOTE="Serraph105"][QUOTE="Mafiree"]So, it passed.....Mafiree

ah okay, that makes more sense. It's a start, but he added a balanced budget amendment according to the article. I hate to be a downer, but that pretty much kills any chance it has at passing the senate. Not to mention it requires 3/4 of the states to agree on it I just don't see us having the time required to do that.

http://www.cnn.com/2011/POLITICS/07/29/debt.talks/index.html

Just passed. The balanced budget amendment still needs work on the specifics, though.

Now Harry Reid is the bad guy if he rejects it.

airshocker

he already vowed to reject it if something like that passed. So did the president.Serraph105

The House has done it's job. Six times. It's time for Reid and the President to do theirs.

[QUOTE="Serraph105"]he already vowed to reject it if something like that passed. So did the president.airshocker

The House has done it's job. Six times. It's time for Reid and the President to do theirs.

They did. Obama's original proposal cut over twice as much from the budget and ****ing Boehner rejected it because it wasn't 100% favorable to his ultra-rich friends. Even the Republicans in his party have been saying "why did you do that?" since the Obama proposal was so skewed in favor of Republican demands. If ever the Republicans have been entirely responsible for a crisis, this is it. And to be even more specific, Boehner is the most culpable out of all of them by far. We could have had a deal nearly a month ago if it wasn't for him.gameguy6700

No, Obama's budget still increased our deficit. He used gimmicks like saying they cut when they actually just didn't spend as much as they projected. Baseline budgeting FTL.

I can't wait until this dies in the Senate.

I can't wait until this dies in the Senate.

DroidPhysX

Just passed. The balanced budget amendment still needs work on the specifics, though.

Now Harry Reid is the bad guy if he rejects it.

Just passed. The balanced budget amendment still needs work on the specifics, though.

Now Harry Reid is the bad guy if he rejects it.

LOL, senate rejects house measure:

http://news.yahoo.com/senate-kills-latest-house-debt-measure-002700264.html

Just passed. The balanced budget amendment still needs work on the specifics, though.

Now Harry Reid is the bad guy if he rejects it.

[QUOTE="DroidPhysX"][QUOTE="mattbbpl"] A plan that not only has ALL cuts with NO revenue increases, covers only a short while, and has a balanced budget amendment? I'd hope the American people would have more sense than that.Mafiree

I was talking about political parties. :|

LOL, senate rejects house measure:

http://news.yahoo.com/senate-kills-latest-house-debt-measure-002700264.html

A plan that not only has ALL cuts with NO revenue increases, covers only a short while, and has a balanced budget amendment? I'd hope the American people would have more sense than that.mattbbpl

As was already shown with that Penny Plan by Connie Mack, they can balance the budget in six years with 1% cuts every year. No revenue increases required.

Now I think there should be a complete reformation of the tax code, but I don't want it just tacked on to a budget plan. I'm not willing to increase taxes on anybody until the entire code is changed and made fair. Those who aren't paying taxes should, loopholes should be closed, and corporate income tax rates should be more progressive. Corporations pay more while small businesses pay less.

and Boehner's plan fails.

EDIT 59-41

http://www.cnn.com/2011/POLITICS/07/29/debt.talks/index.html

[QUOTE="mattbbpl"]A plan that not only has ALL cuts with NO revenue increases, covers only a short while, and has a balanced budget amendment? I'd hope the American people would have more sense than that.airshocker

As was already shown with that Penny Plan by Connie Mack, they can balance the budget in six years with 1% cuts every year. No revenue increases required.

Now I think there should be a complete reformation of the tax code, but that won't happen. I'm not willing to increase taxes on anybody until the entire code is changed and made fair. Those who aren't paying taxes should, loopholes should be closed, and corporate income tax rates should be more progressive. Corporations pay more while small businesses pay less.

[QUOTE="Mafiree"][QUOTE="DroidPhysX"] Lol @ balanced budget amendment. Partisanship at its finest.DroidPhysX

I was talking about political parties. :|

I can't believe the Republicans in the House are still playing politics like this. So ridiculous.

"Well the Democratic Senate rejected the plan that we passed, if anything bad happens it's not our fault!"

[QUOTE="DroidPhysX"]

[QUOTE="Mafiree"] Most Americans support it...... http://news.yahoo.com/poll-vast-majority-americans-favor-balanced-budget-amendment-200600864.htmlMafiree

I was talking about political parties. :|

[QUOTE="DroidPhysX"][QUOTE="mattbbpl"] A plan that not only has ALL cuts with NO revenue increases, covers only a short while, and has a balanced budget amendment? I'd hope the American people would have more sense than that.Mafiree

[QUOTE="DroidPhysX"][QUOTE="mattbbpl"] A plan that not only has ALL cuts with NO revenue increases, covers only a short while, and has a balanced budget amendment? I'd hope the American people would have more sense than that.Mafiree

It's nonsense regardless of how many people support it.

[QUOTE="Sun_Tzu3"]This is just ridiculous. If we default or we get downgraded, I know exactly who to blame in Congress. QuistisTrepe_

No one is stopping anyone in the Seante or the WH from proposing their own version to the House.

and Boehner's plan fails.

EDIT 59-41

http://www.cnn.com/2011/POLITICS/07/29/debt.talks/index.html

Serraph105

Good. Making it a two-part process and the inclusion of a balanced budget amendment were horrible ideas.

Republicans are filibustering!!! What is going on right now?!?!wolverine4262

[QUOTE="wolverine4262"]Republicans are filibustering!!! What is going on right now?!?!mattbbpl

[QUOTE="wolverine4262"]Republicans are filibustering!!! What is going on right now?!?!mattbbpl

Rieds plan maybe? Is that possible?

[QUOTE="mattbbpl"][QUOTE="wolverine4262"]Republicans are filibustering!!! What is going on right now?!?!Serraph105

Rieds plan maybe? Is that possible?

[QUOTE="mattbbpl"][QUOTE="wolverine4262"]Republicans are filibustering!!! What is going on right now?!?!DroidPhysX

[QUOTE="mattbbpl"][QUOTE="wolverine4262"]Republicans are filibustering!!! What is going on right now?!?!Serraph105

Rieds plan maybe? Is that possible?

[QUOTE="Serraph105"]

[QUOTE="mattbbpl"] They're filibustering what?mattbbpl

Rieds plan maybe? Is that possible?

[QUOTE="Serraph105"]

[QUOTE="mattbbpl"] They're filibustering what?DroidPhysX

Rieds plan maybe? Is that possible?