• US Senate in intense debate over debt ceiling
    63 replies, posted
[url]http://www.bbc.co.uk/news/world-us-canada-14354088[/url] [QUOTE][B]The Democrat-led US Senate is holding an intense debate on its plan to raise the nation's $14.3tn (£8.7tn) debt limit, which could determine whether a deal to avoid default is possible.[/B] Senate leaders say the bill is the country's best hope of a deal but Republicans say only direct talks with President Obama can resolve the crisis. [B]The House of Representatives rejected the bill on Saturday afternoon. [/B] The US risks default without a deal by 2 August. The moves come a day after the Senate rejected a rival Republican bill passed in the House of Representatives. The president backs Senate Majority Leader Harry Reid's proposal, which would cut $2.2tn from deficits and raise the debt ceiling by $2.7tn. The Senate plan envisages raising the debt ceiling until after the 2012 elections. Republicans have sought a plan which raises the ceiling for just a few months. Senate Democrats had hoped to pass the bill by Sunday morning so that it could go to the House by Monday, but the House has already voted 246-173 to reject it. The BBC's Marcus George in Washington says there will now be an increasing focus on backroom talks between congressional leaders. Democrat leaders in Congress have been meeting President Obama to discuss their next move, while Republicans said they were confident a deal could be reached. Referring to the Senate bill, Senate Republican leader Mitch McConnell called on Democrats to "end this charade" so that negotiations could be pursued with the president. "We are now fully engaged with the one person in America out of 370 million people who can sign this bill into law," he said. The BBC's Paul Adams in Washington says the Treasury is already drawing up emergency plans in case a deal is not reached. It is a measure of how the anxiety is spreading that troops in southern Afghanistan saw fit to ask Adm Mike Mullen, the chairman of the Joint Chiefs of Staff, whether they would be paid this month, he adds. Democrat leaders in the Senate are said to be seeking agreement with Republicans to avoid procedural obstacles which could delay the Senate vote until Monday. [B]Mr Reid accused the Republicans of seeking to filibuster, or delay, proceedings.[/B] [B]"Unless there is a compromise, or they accept my bill, we're heading for economic disaster," he said. [/B] In a weekly radio address, Mr Obama reiterated that any solution on a default had to be bipartisan. "There are multiple ways to resolve this problem," he said. "Congress must find common ground on a plan that can get support from both parties in the House and in the Senate. And it has to be a plan that I can sign by Tuesday." The House of Representatives passed its own plan on Friday evening by 218-210, with 22 Republicans and every Democrat voting against. The plan, drawn up Speaker John Boehner, includes some $900bn of spending cuts and would raise the debt ceiling by a similar amount. However it would require another vote during mid-2012 and includes language in support of a so-called "balanced budget amendment" to the US constitution - both rejected by the White House and the Senate leadership. Shortly after the House passed its bill, the Democratic-led Senate voted to reject the Boehner plan. The US government will start running out of money to pay all its bills unless a $14.3tn (£8.79tn) borrowing limit is increased by Tuesday. Democrats say the Republican bill as passed would cause immeasurable damage to the economy because it would force Congress to vote on another extension of the debt ceiling early in 2012, a time when presidential election campaigns will be in full swing. Analysts predict a last-minute scramble for a compromise and razor-edge votes in both chambers, with the high-stakes game of legislative brinkmanship expected to continue all weekend. The Boehner and Reid plans overlap in key ways, such as trimming spending over 10 years and shunning President Obama's call for tax increases on the wealthy and corporations. [/QUOTE] [U][I][B]Everybody, go to the source and watch the video down near the bottom of Boehner being a dumbass.[/U][/I][/B] It kind of makes me want to cry when I hear the cheering.
How, you didn't post a source.
[QUOTE=Megafanx13;31438280]How, you didn't post a source.[/QUOTE] Sorry, it is there now.
Holy shit, did anyone see the new concessions Republicans demand: -Bigger spending cuts -No tax raises, and more tax breaks for high earners -Partial repeal of the Obama healthcare reform
For god's fucking sake do the right thing, US citizens
This shit right here: [img]http://news.bbcimg.co.uk/media/images/54346000/gif/_54346460_us_debt_624.gif[/img]
I'm tired of all this debt stuff. Congressmen need to learn how to get over shit and get stuff done.
What the fuck is all this stupid shit. Everyone in power is a fucking moron. Not big surprise, considering most of the population is fucking moronic as well. Fucking sheeple :tinfoil:
Quit debating each other and finish this off.
See, the thing is, as it has been pointed out plenty of times in various threads concerning this topic, is that the Republicans are sticking to their "values". Their "values" are the reason that we can't get a deal passed. Obama has said to them, "Yo, guys, please. Drop the fucking act. We really, really, and I really mean really, need to get something together here or we're ALL fucked."
Couldn't Obama basically say "I'm President, this is what we're doing"? I was listening to a radio program and I heard that other presidents have basically done that in other crises.
[QUOTE=Randdalf;31438730]Couldn't Obama basically say "I'm President, this is what we're doing"? I was listening to a radio program and I heard that other presidents have basically done that in other crises.[/QUOTE] He can suggest/moderate, but he can't propose or write up his own bills.
[QUOTE=Randdalf;31438730]Couldn't Obama basically say "I'm President, this is what we're doing"? I was listening to a radio program and I heard that other presidents have basically done that in other crises.[/QUOTE] This is Obama we're talking about, firstly it's not his style (As shown by his concessions to his healthcare bill), and secondly I've only heard that Clinton 'would' do it, not did. Please correct me, though.
[QUOTE=Megafanx13;31438357]This shit right here: [img]http://news.bbcimg.co.uk/media/images/54346000/gif/_54346460_us_debt_624.gif[/img][/QUOTE] Wow. Those are shit options.
[QUOTE=Randdalf;31438730]Couldn't Obama basically say "I'm President, this is what we're doing"? I was listening to a radio program and I heard that other presidents have basically done that in other crises.[/QUOTE] There's been talk of the president exercising the 14th Amendment to raise the debt ceiling regardless of congress, but it's legality is questionable and there'd be a huge uproar from Republicans who'd probably use it to try and Impeach Obama or use it as a pretty solid basis for a Republican president in 2012. Obama's said he won't consider using this option. However at this point we're looking at either having a Republican president in 2012 and a shit economy later on, or Obama as president in 2012 in a country that's already gone to shit. Either way the US and most likely the global economy is fucked at this point.
[QUOTE=MrEndangered;31438836]Wow. Those are shit options.[/QUOTE] Yeah, they certainly are.
[QUOTE=RichyZ;31438889]when news gets of it, there's no fucking way in hell that a republican will be in the oval office by 2012[/QUOTE] The thing is, currently the Republicans are running their party into the ground. However if the only option is Obama raising the ceiling himself citing the 14th amendment, which the legality of is questionable, the backlash will be intense and if there's enough spin a lot of people will condemn him for it despite the fact he probably would have saved countless jobs and people's live by doing so. If there's anything the Republicans are good at doing it's bullshitting like crazy and blaming things they caused on other people and using it get elected. They've been doing it for years.
Swiss is 100% correct. Let's not forget it won't be just 'stupid right-wingers' that'll vote against him, it'll be decent, honest people who don't exactly follow the news or politics, they just look at the headlines or the money in their wallet - then decide. They're the biggest weight in the vote, imo, so he needs to be careful.
[QUOTE=Cruma;31438476]What the fuck is all this stupid shit. Everyone in power is a fucking moron. Not big surprise, considering most of the population is fucking moronic as well. Fucking sheeple :tinfoil:[/QUOTE] The great irony is that you, me and everybody else are sheeple. Even the men in power are sheeple.
[QUOTE=SwissArmyKnife;31439092]The thing is, currently the Republicans are running their party into the ground. However if the only option is Obama raising the ceiling himself citing the 14th amendment, which the legality of is questionable, the backlash will be intense and if there's enough spin a lot of people will condemn him for it despite the fact he probably would have saved countless jobs and people's live by doing so. If there's anything the Republicans are good at doing it's bullshitting like crazy and blaming things they caused on other people and using it get elected. They've been doing it for years.[/QUOTE] Who gives a shit if its illegal, do it anyways and stop the economy from tanking and every-bodies lives going down the shitter.
[QUOTE=Sobotnik;31439170]The great irony is that you, me and everybody else are sheeple. Even the men in power are sheeple.[/QUOTE] Honestly you lose most if not all of your credibility when you use the term sheeple.
[QUOTE=Megafanx13;31439220]Honestly you lose most if not all of your credibility when you use the term sheeple.[/QUOTE] Despite the fact he used it? [QUOTE=RichyZ;31439233]the thing is, if he does it, repubs will go crazy and though the economy would be saved, they could fuck obama up and end up being in power, fucking us up in the long run[/QUOTE] Then find a way to shut the bastards up.
[URL=http://imageshack.us/photo/my-images/196/3noav.jpg/][IMG]http://img196.imageshack.us/img196/3041/3noav.jpg[/IMG][/URL]
[QUOTE=Sobotnik;31439236]Despite the fact he used it? Then find a way to shut the bastards up.[/QUOTE] yes i agree with sobotnik we must instate a secret police and usher in the new area of the single-party dictatorship
[QUOTE=thisispain;31439374]yes i agree with sobotnik we must instate a secret police and usher in the new area of the single-party dictatorship[/QUOTE] But if I wanted that I would support the Republicans now wouldn't I?
If the US defaults I want to see the entire world telling Republicans to fuck off
Something is going to pass through soon. I just know though whatever it is, is going to be awful.
We're fucked.
Republicans get your shit together, the world's economy is at risk here you fucking stupid morons!
OKay now you fucking Republicunts go and fucking concede and get shit done, if not I will fuck your shit up make it so that none of you can get into office again. Damnit these are the times when I do really believe that government is nothing but one big fucking joke.
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