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[The Librarian]

I don't know why he didn't mention the Obamacare cut. PD, can you point me to it? Obama's delivering a statement at 5:45.

 

[ClovingWestbrook]

I don't know why he didn't mention the Obamacare cut. PD, can you point me to it? Obama's delivering a statement at 5:45.

It's obvious that at the presser Obama is going to request a bill to repeal Obamacare. #ProphetPD

 

[mckmas8808]

At the end of the day, I wouldn't be surprised if all that happens is a tax cuts for under $250k (or $400k) and nothing else while the spending cuts are simply removed or delayed.

And I mean this next month.

GOP won't vote to allow taxes to increase so we can't get anywhere til January 1st. GOP has no intention to cut spending majorly, so don't expect any grand bargain just bullshit.

And they won't pass a tax cut for the middle class either until next year after taxes went up for everybody.

 

[Y2Kev]

Heard Obama speech coming at 5:45? To announce that we lost I guess?

 

[Black Mamba]

And they won't pass a tax cut for the middle class either until next year after taxes went up for everybody.

yeah, i was assuming this deal takes place next month.

 

[ClovingWestbrook]

Heard Obama speech coming at 5:45? To announce that we lost I guess?

Obama is announcing he is switching to the Republican party and will seek to have himself impeached. /PD

 

[Doc Holliday]

Damn I'm surprised Barry is staying strong.

 

[PhoenixDark]

20 more minutes

 

[B-Dubs]

I like the little fuck you to the filibuster he threw in there.

 

[thefro]

Up to Reid & McConnell to cut a deal, else Reid will bring a bill to the Senate floor for up or down vote

 

[B-Dubs]

He's stressing the Reid option pretty hard here, he doesn't expect a deal so he is putting pressure on Reid to make sure he does it.

 

[The Librarian]

I wonder if by "bring a bill to the floor" it means Reid will nuke the filibuster for the vote. Which, in turn, might make it easier for filibuster reform to proceed.

 

[Black Mamba]

So if Reid/McConnel come up with a kick the can plan and tax cut for under $400k but the House GOP doesn't allow it, it would be petty fucking hilarious and sad.

 

[ClovingWestbrook]

So if Reid/McConnel come up with a kick the can plan and tax cut for under $400k but the House GOP doesn't allow it, it would be petty fucking hilarious and sad.

It would thanks to Dems.

 

[Crisco]

Yeah, we're getting pretty close to a deal that gets passed by the Senate, but doesn't get enough GOP votes to pass the House. At that point, Obama better bring the fire and brimstone in a nationally televised speech.

 

[Black Mamba]

It would what thanks to dems?

Don't follow.

 

[ClovingWestbrook]

It would what thanks to dems?

Don't follow.

I doubt that a bill would be crafted by Reid and McConnell unless they had confidence it would be passed in the House and that woukd probably require a vast number of Dems voting for it since Repubs won't.

 

[B-Dubs]

It would thanks to Dems.

I dunno, if they don't like the deal then it might not. I doubt Pelosi would fight for a bill that just kicked the can a few months.

 

[Black Mamba]

I doubt that a bill would be crafted by Reid and McConnell unless they had confidence it would be passed in the House and that woukd probably require a vast number of Dems voting for it since Repubs won't.

I'm pretty sure any deal requires tax raises.

The House GOP has shown it won't vote for tax raises.

In order for the bill to come to the floor for the Dems to vote, Boehner has to allow it. This would be his political death if he went against the GOP House. I think he'd rather wait for the cliff (and technically it's the chairman of the rules committee that does it and if he refuses, Boehner would have to remove him and that would be a bigger mess).


Either the Senate won't come to an agreement or if they do the House won't pass it imo. The key is McConnell. If he is smart, he will not agree in the end because he knows the House won't. In this scenario the news reports will be "leaders in Senate cannot agree!"

But if he's dumb and makes an agreement, the story will be "House GOP rejects chance to vote on bipartisan Senate deal by Senate leaders with Obama support."

i'd be surprised if Boehner allowed a vote and enough GOP jumped ship to pass it. Even that scenario is bad for the GOP. They are big fucking losers in this one, lol.

 

[ClovingWestbrook]

I'm pretty sure any deal requires tax raises.

The House GOP has shown it won't vote for tax raises.

In order for the bill to come to the floor for the Dems to vote, Boehner has to allow it. This would be his political death if he went against the GOP House. I think he'd rather wait for the cliff (and technically it's the chairman of the rules committee that does it and if he refuses, Boehner would have to remove him and that would be a bigger mess).


Either the Senate won't come to an agreement or if they do the House won't pass it imo. The key is McConnell. If he is smart, he will not agree in the end because he knows the House won't. In this scenario the news reports will be "leaders in Senate cannot agree!"

But if he's dumb and makes an agreement, the story will be "House GOP rejects chance to vote on bipartisan Senate deal by Senate leaders with Obama support."

i'd be surprised if Boehner allowed a vote and enough GOP jumped ship to pass it. Even that scenario is bad for the GOP. They are big fucking losers in this one, lol.

Oh, I agree the GOP is the losing party in this but I still believe Boehner MAY let the bill come to the floor for a vote.

 

[B-Dubs]

I'm pretty sure any deal requires tax raises.

The House GOP has shown it won't vote for tax raises.

In order for the bill to come to the floor for the Dems to vote, Boehner has to allow it. This would be his political death if he went against the GOP House. I think he'd rather wait for the cliff (and technically it's the chairman of the rules committee that does it and if he refuses, Boehner would have to remove him and that would be a bigger mess).


Either the Senate won't come to an agreement or if they do the House won't pass it imo. The key is McConnell. If he is smart, he will not agree in the end because he knows the House won't. In this scenario the news reports will be "leaders in Senate cannot agree!"

But if he's dumb and makes an agreement, the story will be "House GOP rejects chance to vote on bipartisan Senate deal by Senate leaders with Obama support."

i'd be surprised if Boehner allowed a vote and enough GOP jumped ship to pass it. Even that scenario is bad for the GOP. They are big fucking losers in this one, lol.

The thing is even if they cannot agree, Obama was pushing pretty hard for Reid to just put his own plan out and damn the filibuster. They won't be able to hang this around the Senate if Reid does his job in this whole scenario.

 

[PhoenixDark]

I doubt that a bill would be crafted by Reid and McConnell unless they had confidence it would be passed in the House and that woukd probably require a vast number of Dems voting for it since Repubs won't.

That applies to every bill they could possibly come up with. They could set the threshold at 1.5 million and it still would fail in the House.

 

[Y2Kev]

Oh, I agree the GOP is the losing party in this but I still believe Boehner MAY let the bill come to the floor for a vote.

he would lose his speakermanship

Which he might anyway!

 

[mckmas8808]

The thing is even if they cannot agree, Obama was pushing pretty hard for Reid to just put his own plan out and damn the filibuster. They won't be able to hang this around the Senate if Reid does his job in this whole scenario.

maybe Obamasked has as Senator Harry Reid to bring up the vote through the reconciliation process. In that case the senate will not have to blow up the filibuster.

 

[The Librarian]

Reconciliation can only be used if its written as an option from last year's budget, IIRC, which I'm not sure it has been.

 

[Black Republican]

Hoping Obama ethers David Gregory this sunday

 

[Black Mamba]

Obama gonna be on Meet The Press this week.

 

[el retorno]

David Gregory's not hosting this week. He's hiding from the cops.

edit: wait according to twitter he is.

They announced he wasn't but I guess Obama brought him back. Does obama have the ability to arrest him? That would make good tv.

 

[RDreamer]

Holy shit I didn't think my cousin was this dumb...

On that dumb debt ceiling picture:

Raising it has everything to do with our spending. When you meet the debt ceiling you have to raise it more in order to borrow more. Raising the debt ceiling is the equivalent of a credit card, when you reach your credit limit you don't call up the bank and ask to increase it, you pay it off.

If we keep raising the ceiling we keep digging ourselves a bigger hole. Someone eventually is going to have to pay for it. You cannot keep borrowing more to cover your expenses.

 

[gcubed]

Actually cousin, you just make some more imaginary money and go to town

 

[ClovingWestbrook]

Holy shit I didn't think my cousin was this dumb...

On that dumb debt ceiling picture:

Ask him who we borrow money from.

 

[Black Mamba]

Ask him who we borrow money from.

You're walking into that one!

 

[RDreamer]

You're walking into that one!

Indeed... Someone else already posted this:

Raising the ceiling is like paying off a credit card with another credit card. Sooner or later we need to start paying the debt down or China will own us...

 

[The Librarian]

We borrow money from Kyrgyzstan?

 

[ClovingWestbrook]

You're walking into that one!

That or

Indeed... Someone else already posted this:

Fuck me... Smh

 

[RDreamer]

I'm trying to explain to them that not raising the debt ceiling is more like spending a ton on a credit card and then just saying fuck it and deciding not to pay the bank.

Not that I like getting into stupid analogies with credit cards when it comes to countries, but still....

 

[Link]

Gotta hand it to Obama; he's pulling all the right strings right now.

 

[ClovingWestbrook]

I'm trying to explain to them that not raising the debt ceiling is more like spending a ton on a credit card and then just saying fuck it and deciding not to pay the bank.

Not that I like getting into stupid analogies with credit cards when it comes to countries, but still....

I personally can't handle the whole 'We borrow from China, derp derp, China gonn' own us'

 

[RDreamer]

Cousin's next post:

I realize the money has already been spent. The issue is that at some point the US is going to have to pay it back with interest, or just make minimum payments.

If we don't get our spending down to a reasonable amount its going to leave us scrambling to get credit like Greece.

You can't keep borrowing money, eventually your credit rating gets destroyed and no one or very few places will give you money.

Eventuality it gets paid for, it's just ignorant to think it won't. Or that the only way is through austerity/inflation...

I personally can't handle the whole 'We borrow from China, derp derp, China gonn' own us'

I don't even get what they think is going to happen. Like, do they think China can one day just say "Hey, we'd like all that money right now." They get it when the bonds they hold say they get it. No earlier. And what exactly are they going to do with it once they get it that's so scary anyway? Do these people think that since China owns some large part of debt they get to call the shots over here or something? Are they going to enslave us or something somehow?

 

[ClovingWestbrook]

I don't even get what they think is going to happen. Like, do they think China can one day just say "Hey, we'd like all that money right now." They get it when the bonds they hold say they get it. No earlier. And what exactly are they going to do with it once they get it that's so scary anyway? Do these people think that since China owns some large part of debt they get to call the shots over here or something? Are they going to enslave us or something somehow?

This except with China

 

[Aaron Strife]

That applies to every bill they could possibly come up with. They could set the threshold at 1.5 million and it still would fail in the House.

I feel like there would be some GOPers still willing to vote on a compromise bill - Plan B had some support initially.

But again, it'd need Democrats' votes too.

 

[Black Mamba]

Cousin's next post:






I don't even get what they think is going to happen. Like, do they think China can one day just say "Hey, we'd like all that money right now." They get it when the bonds they hold say they get it. No earlier. And what exactly are they going to do with it once they get it that's so scary anyway? Do these people think that since China owns some large part of debt they get to call the shots over here or something? Are they going to enslave us or something somehow?

What does he think China does with the money they get paid back with, btw?

 

[besada]

Has anyone else seen the freak out Facebook thing about Craig Pusley and how the Marines are going to put him in jail?

 

[Mike M]

Has anyone else seen the freak out Facebook thing about Craig Pusley and how the Marines are going to put him in jail?

Are they aware he was impersonating an officer of higher rank and lying about his service record?

 

[Y2Kev]

Cousin's next post:






I don't even get what they think is going to happen. Like, do they think China can one day just say "Hey, we'd like all that money right now." They get it when the bonds they hold say they get it. No earlier. And what exactly are they going to do with it once they get it that's so scary anyway? Do these people think that since China owns some large part of debt they get to call the shots over here or something? Are they going to enslave us or something somehow?

do you think they understand that they hold treasuries

and not like

warrants to sleep in your american house

 

[ClovingWestbrook]

do you think they understand that they hold treasuries

and not like

warrants to sleep in your american house

You mean they're not the same?

 

[massoluk]

They really ought to change the term "Debt Ceiling". It's misnomer nature is making all idiots doing idiotic things.

 

[Synth_floyd]

Cousin's next post:






I don't even get what they think is going to happen. Like, do they think China can one day just say "Hey, we'd like all that money right now." They get it when the bonds they hold say they get it. No earlier. And what exactly are they going to do with it once they get it that's so scary anyway? Do these people think that since China owns some large part of debt they get to call the shots over here or something? Are they going to enslave us or something somehow?

Yellow people having power is a scary prospect for many, many people. Not just rednecks but many people at the highest levels of government. Weak US = no military dominance = less markets for US products and services (especially the military industrial complex).

 

[RDreamer]

Oh yeah, recently Stephanie Kelton had an op-ed in the LA Times

 

[B-Dubs]

They really ought to change the term "Debt Ceiling". It's misnomer nature is making all idiots doing idiotic things.

For reals, something like Interest Ceiling would be more accurate.