Debt Ceiling

[Dickieboy]

I am REALLY confused now. For weeks we have listened to how the Democrats will not pass a debt ceiling plan without including provisions for increasing revenues. The House passed the GOP’s cut/cap/trade but it was tabled in the Senate. There is NO other legislation, written by either side, in either the House or the Senate for consideration just a bunch of ideas and suggestions.

Today Harry Reid releases this statement “In an effort to reach a bipartisan compromise, we are putting together a $2.7 trillion deficit reduction package that meets Republicans’ two major criteria: it will include enough spending cuts to meet or exceed the amount of a debt ceiling raise through the end of 2012, and it will not include revenues. We hope Speaker Boehner will abandon his ‘my way or the highway’ approach, and join us in forging a bipartisan compromise along these lines.”

Bipartisan compromise??? He is formulating a bill that does what the GOP has been pressing for and its compromise? I guess when they bring this up for a vote and the Democrats don’t pass it in the Senate it will be the GOP’s fault…or Bush’s???

[Cane Pole]

I am REALLY confused now. For weeks we have listened to how the Democrats will not pass a debt ceiling plan without including provisions for increasing revenues. The House passed the GOP’s cut/cap/trade but it was tabled in the Senate. There is NO other legislation, written by either side, in either the House or the Senate for consideration just a bunch of ideas and suggestions.

Today Harry Reid releases this statement “In an effort to reach a bipartisan compromise, we are putting together a $2.7 trillion deficit reduction package that meets Republicans’ two major criteria: it will include enough spending cuts to meet or exceed the amount of a debt ceiling raise through the end of 2012, and it will not include revenues. We hope Speaker Boehner will abandon his ‘my way or the highway’ approach, and join us in forging a bipartisan compromise along these lines.”

Bipartisan compromise??? He is formulating a bill that does what the GOP has been pressing for and its compromise? I guess when they bring this up for a vote and the Democrats don’t pass it in the Senate it will be the GOP’s fault…or Bush’s???

Harrys exlax must moved him somewhat. Heard it was Regan's fault today.

[JDavid]

Basically we are screwed- at least after the undeniable fact has been made plain to all (despite the main stream medias efforts to cover it up)- that the liberals/progressives/democrats have caused our economy to tank. Of course we will still be screwed.....

[fishingpox]

I like the oh oh oh we have a gang of six in the senate drawing up a plan. all of the are liberals...ok.. that'll work

[Cane Pole]

They have the money to pay the interest, so why does tax cheat Geitner go on TV and say we gonna default? Scare tactic. That is a bald face lie. They can pay the bills. Lay off all the new government
workers that have been added. That will take care of a lot of the debt. Govt has grown 25% and it is unnecessary at a time of distress. But, what else can you expect from beginners who have no business experience or work experience.


BHO is creating the chaos. He is following the Saul Alinsky rules. That is all he knows. Pathetic ideologue.

[J_ROW]

That's what we get when we have a little cowboy riding around the White House on a stick horse with a rope in his hand. He doesn't know if he found the rope or lost the cow.

[raporter]

Here is one place our SS money has gone. How did this happen?

‪ELABORATE WELFARE HOUSING PROJECT‬‏ - YouTube

[Cane Pole]

Well, the market didn't collapse in Hong Kong this morning. Looks like tax cheat Geitner and HBO were wrong again. The two of them was hoping for bad news though. You can bet on that.

[The Lip RIPPERS]

There is no debt ceiling crisis...,another scare tactic created to pass off some more BS with a big scoop shovel. All they have to do is borrow it from the TARP buddies bailout fund of 70 trillion and pay it back with "zero" interest, or just take what they need out of the Fed and charge it to us easy sucker taxpayers. Either way they win and we get some trickle down until the rich boy tax cuts expire in 2012...,Dang what they gonna do then?

[Fatman]

The one problem I see in this besides my way or no way, came in a report this morning. Republicans are basing part of the money on this:

The cuts include $1.2 trillion from across a range of hundreds of government programs and $1 trillion in savings assumed to derive from the end of the wars in Afghanistan and Iraq. Ok bite me, slap me whatever WHAT END!!!! As fast as one group comes back another goes over. This might me a tangible IF all our troop were home. One of the BIGGEST problem is the Republicans just don't want to raise any tax's on the rich (OOH don't mess with my money) or cut the tax subsidies big Oil gets etc.

Quote from Cane "Lay off all the new government workers that have been added." The only way I'd agree with this would be if they were GS-11 and above. Most of the new ones during the summer are interns, they get paid about GS-4 and are only part time, they don't earn time off and don't get medical - and when they go back to school they're off the books.

I hate when that conversation starts because if people really understood how LITTLE we make they'd say we're lying!!!

I'll give you my stats I've worked for the Government for just under 30 years (11 with military). Right now I'm a GS-5 and I only make $33,829 and that's with locality pay. Now take out State, Federal, SS, life insurance and health insurance (and NO it ain't all that great, and I got a pile of bills to prove it). Now that's for almost 30 years of service, I'll be eligible to retire in about 6 months. PROBLEM with that I'll only be 50 years old, I'd only get my pension, SS and Medicare wouldn't kick in until 65 and they're trying to push that up. So yeah it irks me when they say cut our pay and benefits and the benefits ain't all that great.