First, that would be great. Second, I agree that it's probably not going to happen. Third, it seems that that would be a huge departure from the D agenda, and they wouldn't come close to seeing that as "compromise". But I pray I'm wrong
Obama is now providing links to State reps twitter accounts for people to write them to "#compromise" Such a cluster fuck.
http://www.cnn.com/2011/POLITICS/07/29/debt.talks/index.html House passes Boehner debt ceiling plan Washington (CNN) -- The Republican-controlled House of Representatives on Friday narrowly passed Speaker John Boehner's plan to raise the nation's the debt ceiling and slash government spending, sending the measure to Senate Democrats who have promised to immediately defeat it. ... Boehner, R-Ohio, managed to sway several of those members by including a provision requiring congressional passage of a balanced budget amendment to the Constitution before the debt ceiling can be extended through the end of 2012.
http://cnnpressroom.blogs.cnn.com/2011/07/28/on-debt-deal-daley-tells-blitzer-we-are-optimistic/ CNN's Wolf Blitzer sat down in an exclusive interview with White House Chief of Staff Bill Daley to discuss the current debt negotiations. BLITZER: You say the president has put forward a plan. DALEY: Um-hmm. BLITZER: But the Congressional Budget Office says there is no plan that they can score because it's just a framework, it's just a speech. They haven't seen a document...
You don't see any differences between those 4 situations? All the same to you? GM was allowed to file bankruptcy, they could have filed at any time up until the point they actually did file bankruptcy. Studebaker: much smaller company, and it failed during good economic times due to competition from GM and Ford. Edsel: was a car made by Ford, not a company. barfo
All about the same, yes. Clinton inherited an economy rocked by S&L bailouts, real estate market crash, govt. bought toxic assets, more than 2x the deficit than 4 years prior, etc. GM was allowed to file bankruptcy, they could have filed at any time up until the point they actually did file bankruptcy. Studebaker: much smaller company, and it failed during good economic times due to competition from GM and Ford. Edsel: was a car made by Ford, not a company. barfo[/QUOTE]
http://www.nydailynews.com/tech_gui...ebt_battle_to_twitter_loses_more_than_20.html President Barack Obama takes debt battle to Twitter, loses more than 40,000 followers in one day http://www.gallup.com/poll/148739/Obama-Approval-Drops-New-Low.aspx Obama Approval Drops to New Low of 40% Similar to his approval rating for handling the debt ceiling negotiations
well, for better or for worse, the GOP provided a plan to raise the debt ceiling and keep the government afloat. The President and dems said, "no". It;s their right to do so, but for now I think for the sake of the country they should have considered it more carefully. It wasn't a perfect plan, but it was a viable one.
Because without reading the proposal it was DOA according to news reports. Now, to be sure, they knew the nuts & bolts of it but from what I can sense, they simply weren't going to even consider it without massive tax increases. And there in lies maybe the main issue. The left insists on tax increases and the right insists on fiscal accountability. Neither side is willing to budge.
Lol no wonder. His staff is spamming twitter. They keep posting links to every republican congressman on twitter, telling people to bother them. This guy is so clueless and biased. http://twitter.com/#!/BarackObama
The Fat Man speaks his mind [video=youtube;svYJk8KAbnQ]http://www.youtube.com/watch?v=svYJk8KAbnQ[/video] This guy HAS to run for President.
http://thehill.com/blogs/on-the-mon...-neither-plan-protects-the-nations-aaa-rating Moody's: Neither debt plan protects the nation's AAA rating The "limited magnitude" of both debt plans put forward by congressional leaders would not put the nation's AAA credit rating back on solid footing, Moody's Investors Service announced Friday. "Reductions of the magnitude now being proposed, if adopted, would likely lead Moody's to adopt a negative outlook on the AAA rating," the credit rating agency said in a new report. "The chances of a significant improvement in the long-term credit profile of the government coming from deficit reductions of the magnitude proposed in either plan are not high." It added that "prolonged debt ceiling deliberations" have increased the odds of a downgrade, but that the firm is still confident policymakers will avoid a default. "It remains our expectation that the government will continue with timely debt service," the firm said. It also clarified that as far as it is concerned, the nation will only default if it misses an interest or principal payment on U.S. debt, not if it misses payments on other obligations like federal employee salaries or Social Security benefits. The report also gives credence to a claim popular among Republicans: that the government has enough cash to avoid a default even past the Aug. 2 deadline set by the Treasury Department. "If the debt limit is not raised before August 2, we believe that the Treasury would give priority to debt service payments and could thus postpone a potential debt default for a number of days," it said. "Revenues would be more than adequate for some period of time to meet those payments, although other outlays would be severely reduced as a result."
