White House issues veto threat to Boehner plan; Update: Kabuki?

posted at 3:52 pm on July 26, 2011 by Tina Korbe

A number of news outlets made much of the fact that President Barack Obama nowhere used the word “veto” in his speech last night. Smart on his part. An ugly word like “veto” would have marred the moderate, reasonable image he sought to project. A president incessantly threatening vetoes isn’t exactly a president seeking a solution and certainly isn’t a president ready and willing to do whatever it takes to avoid the default he himself has hyped up.

But, today, the executive office of the president at the Office of Management and Budget released its statement of official policy on the plan House Speaker John Boehner (R-Ohio) released yesterday and brought to the House floor today at 3 p.m.:

The Administration strongly opposes House passage of the amendment in the nature of a substitute to S. 627.  If S. 627 is presented to the President, the President’s senior advisors would recommend that he veto this bill.

Consider the president to have whispered “veto” under his breath last night, after all.

The veto threat comes on the heels of Sen. Harry Reid’s comment that Boehner’s compromise plan would be “dead on arrival” in the Senate. (Reid: “Democrats will not vote for it. Democrats will not vote for it. Democrats will not vote for it.”)

The Boehner plan garnered the official endorsement of at least two GOP presidential candidates — former Utah Gov. Jon Huntsman and former Massachusetts Gov. Mitt Romney. Rep. Paul Ryan (R-Wis.), chairman of the House Budget Committee and architect of his own groundbreaking budget, also expressed support for Boehner’s Budget Control Act. But the plan also attracted a lot of criticism from the more conservative wing of the Republican party because it fails to secure the passage of a balanced budget amendment and because its cuts and caps are not specified.

Now, all of that seems moot as the president refuses even the watered-down version of the solution Republicans originally offered. The president’s excuse for the veto threat? He doesn’t want to deal with the debt ceiling issue again before the 2012 election. But, as with “Cut, Cap and Balance,” if the new Boehner plan really is the best the House can do at this point (that is, if they’re not going to revive CCB), the House should still pass the bill and force Reid and Obama to make good on their promises.

Update (Allahpundit): Nate Silver is spot on, I think:

If Obama really wants to kill off the Boehner plan he should endorse it.

Exactly. The taint of a Hopenchange endorsement would have poisoned the bill for House conservatives. Instead Obama did the opposite, threatening — without quite promising — to veto it if it comes to his desk. Which, of course, he won’t. If Boehner’s plan somehow wriggles through the Senate and Reid’s bill dies in the House, ain’t no way no chance no how Obama is going to own the economic crisis that may or may not follow a default by rejecting a Republican plan to raise the ceiling at the very last second. What he’s doing here, I think, is practicing a bit of kabuki that achieves two things: It pressures congressional Democrats to line up behind Reid’s plan, which Obama prefers, but it also gives reluctant conservatives a reason to rally behind Boehner’s plan, which O will need as a last-ditch escape hatch before August 2 if Reid fails. As much as he may hate a short-term debt ceiling increase, he’d hate a new recession even more given what it would mean for his reelection. He’ll sign it if he has to.


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Comment pages: 1 2

What else is a lame duck President to do?

MeatHeadinCA on July 26, 2011 at 3:54 PM

If Obama really wants to kill off the Boehner plan he should endorse it.

He’s not as smart as Brooks believes him to be.

Schadenfreude on July 26, 2011 at 3:56 PM

Kabuki?

It’s ALL Kabuki theater…

Gohawgs on July 26, 2011 at 3:56 PM

*quack*

Fallon on July 26, 2011 at 3:56 PM

This is not even Kabuki theater. We know the faces well. D-i-C (Douche-in-Chief) would love nothing more than to say he signed the GOP bill which really cuts nothing at all.

SouthernGent on July 26, 2011 at 3:57 PM

He’s not as smart as Brooks believes him to be.

Schadenfreude on July 26, 2011 at 3:56 PM

Brooks is not as smart as Brooks thinks himself to be…

Gohawgs on July 26, 2011 at 3:57 PM

How To Insure A Really Bad Day For Obama Gets 100 Times Worse?

Have Casey Anthony come out of hiding to announce her intention on being the next official ObamaGirl!

That…………….Will…………..Do………….It!

pilamaye on July 26, 2011 at 3:57 PM

In Debt Speech, Obama Quotes Reagan, Forgets to Quote Himself

Schadenfreude on July 26, 2011 at 3:57 PM

“Corporate jets be damned. My re-election is all that world needs now, other than Love Sweet Love” – BarryO

Robert17 on July 26, 2011 at 3:58 PM

As much as he may hate a short-term debt ceiling increase, he’d hate a new recession even more given what it would mean for his reelection. He’ll sign it if he has to.

Yup.
Good to have you back, AP…

OmahaConservative on July 26, 2011 at 3:58 PM

Obama MUST sign the Boehner plan if he hopes to be re-elected.

faraway on July 26, 2011 at 3:58 PM

Three simple steps.
Step 1. Identify $4 trillion in cuts that are clear and that the American people will agree with (i.e. shrimp treadmill).
Step 2. Hand the bill to Boehner and let him take the case to the people.
Step 3. Put Obama and Reid in the position of having to defend the indefensible.

John Deaux on July 26, 2011 at 3:59 PM

He did pass a driving test – the written and physically driving a car, at some point This we are pretty sure of, because he did mention his (absolute stupidity, once again) regarding an accident and his evil car insurance company. That’s all I know. And the gazebo.

betsyz on July 26, 2011 at 3:59 PM

Why isn’t he pushing his plan?

BKeyser on July 26, 2011 at 4:00 PM

It wasn’t just a bad speech. It was a glaringly ineffectual speech. And it adds to a growing impression of the Obama White House that threatens the president’s reelection chances now more than anything else: The impression that he simply doesn’t know what he’s doing. The damage done to him and his party by his ideological overreach was done in 2010; now he is going to be judged on the practical results of his presidential policies. Right now, with economic growth slowing and unemployment actually rising and no serious proposals or plans on the table to help speed up job growth, that’s not looking too good for him. And one gets the sense that, in response, he and his team are improvising wildly, looking for political advantage. The problem with political improvisation is that it only works well when your instincts on how to sell the public on what you’re pitching are sound.

It is not a sound strategy for a president to deliver a speech bemoaning the chaos in the Washington over which he presides; such a speech is practically an open admission of impotence. Even people who believe every word he says about everything being the fault of the GOP can hardly think he’s come up with a message on the debt ceiling that has changed the course of the debate in his favor. Democrats have great cause for worry if this is the way he handles things in 2012.

Obama, the Impotent.

Schadenfreude on July 26, 2011 at 4:00 PM

They all make me sick. To varying degrees, but sick nonetheless.

greeneyedconservative on July 26, 2011 at 4:00 PM

kabuki

More like kamikaze

Caper29 on July 26, 2011 at 4:00 PM

the President’s senior advisors would recommend that he veto this bill.

Translation: Val-Jar in full melt down. Obama? Eh, he’s in the Taft bathtub playing around with some squeegies and rubber duckies.

Romper Room in the White House!

Yay.

Key West Reader on July 26, 2011 at 4:00 PM

Why isn’t he pushing his plan?

BKeyser on July 26, 2011 at 4:00 PM

TeeHee. :mrgreen:

SouthernGent on July 26, 2011 at 4:01 PM

Why isn’t he pushing his plan?

BKeyser on July 26, 2011 at 4:00 PM

Shame on you. He IS pushing his plan. For the menu at his birthday bash-n-fundraiser set for August 3rd. Sheesh! The man is working really hard between golf outings and food tastings and suit fittings so give him a break. He deserves a break today.

Key West Reader on July 26, 2011 at 4:02 PM

all I can say is DO IT .
DO IT DO IT!!!!
and like Fallon said QUACK! and here is the crutch.

ColdWarrior57 on July 26, 2011 at 4:02 PM

Call his bluff. There’s a lot of scared senate Dems up for re-election, make it known Reid’s plan won’t make it through the House.

cartooner on July 26, 2011 at 4:03 PM

I”m getting sick of all this crap going on. First, “they’re working together”, then they’re not, “Reid and Boehner are just this close” to getting something they both can agree on, then Reid saying Boehner’s bill is dead in the Senate like he did the first bill the House voted on. After the House passed the first bill, that should have been the end of it for Boehner. They’re playing games and it benefits the “O”. Quit playing with Obama – you guys in the House did your job.

silvernana on July 26, 2011 at 4:03 PM

Nixon resigned on August 8th. Will Obama make it two if the country defaults because of him?

meci on July 26, 2011 at 4:04 PM

Call his bluff.

Abby Adams on July 26, 2011 at 4:05 PM

Call his bluff.

Abby Adams on July 26, 2011 at 4:05 PM

things in 2012.
Obama, the Impotent.

Schadenfreude on July 26, 2011 at 4:00 PM

Ya know? It is very, very difficult for my teenager to watch this play out. We only do news channels early morning and again at 5pm to 6pm.

I have a child who is approaching his late teens, into early college years.

I am extremely disappointed (I used that word intentionally) that MY child has to face the sh*t that these progressives have designed, created and executed over the course of the years beginning in 2006 and ending with today.

Key West Reader on July 26, 2011 at 4:05 PM

would love nothing more than to say he signed the GOP bill which really cuts nothing at all.

SouthernGent on July 26, 2011 at 3:57 PM

His senior advisors recommend that he not be thrown into that briar patch.

pedestrian on July 26, 2011 at 4:05 PM

Katrina vanden Spewel lives in an alternatat reality, where laws don’t matter, so long as the left wins.

Sham on that biatch.

Schadenfreude on July 26, 2011 at 4:06 PM

Nixon resigned on August 8th. Will Obama make it two if the country defaults because of him?

meci on July 26, 2011 at 4:04 PM

No.

Key West Reader on July 26, 2011 at 4:06 PM

Meant to say OT, and s/b “alternate reality”.

Schadenfreude on July 26, 2011 at 4:06 PM

Talk about leading from behind. He’s allowing his staff to issue a statement that they won’t let him sign a certain bill? Can someone remind me who exactly is running this show again?

Selkirk on July 26, 2011 at 4:07 PM

…but it also gives reluctant conservatives a reason to rally behind Boehner’s plan…

Nope, not really! A crappy proposal remains crappy irrespective of how it is dressed up.

Conservatives/tea partiers drove a stake into the heart of “politics-as-usual” in 2010! We are through with going along with crappy proposals just because Dems oppose it.

A better yardstick is “How does the country benefit from this?”

TheRightMan on July 26, 2011 at 4:07 PM

Fox just reported that Reid’s plan may not get 60 votes to get out of the senate.
If Boehner can sell his to the GOP freshmen, it could be the only “living, breathing” document going to the senate anyway. Reid may re-think his DoA remark.

cartooner on July 26, 2011 at 4:07 PM

Obama…Nero and Richard III are calling. They want their tragedy back

Oil Can on July 26, 2011 at 4:08 PM

Kabuki or ka poopy?

capejasmine on July 26, 2011 at 4:08 PM

would love nothing more than to say he signed the GOP bill which really cuts nothing at all.

SouthernGent on July 26, 2011 at 3:57 PM
His senior advisors recommend that he not be thrown into that briar patch.

pedestrian on July 26, 2011 at 4:05 PM

It would be schadenfreuede if he signed it. After all, he deplored the surrender of the Japanese after WWII. Oh, the burn.

Key West Reader on July 26, 2011 at 4:09 PM

Rubber Ducky, you’re the one.
You make Politics so much fun.
Rubber Ducky, I’m awfully sick of you.

portlandon on July 26, 2011 at 4:09 PM

I don’t get the 60 votes stuff. No way is a filibuster going to go well on the teevee, and won’t it go throw under the same rules that allowed the Bush tax cuts to only need 50 votes?

pedestrian on July 26, 2011 at 4:09 PM

Update (Allahpundit)

I think that’s exactly what’s going on, AP.

Weight of Glory on July 26, 2011 at 4:09 PM

Why isn’t he pushing his plan?

BKeyser on July 26, 2011 at 4:00 PM

He is too busy going to the movies premiers and to La Raza conventions where he promises more benefits to illegals and bemoans the burden of not being dictator where he could do things the way his buddy Hugo Chavez does.

in_awe on July 26, 2011 at 4:10 PM

I’m so sick of this “kabuki” and gamesmanship with our economy and the livelihood of our nation. This regime is disgusting.

conservative pilgrim on July 26, 2011 at 4:10 PM

The $2.7 trillion of “cuts” in Reid’s plan include assumed savings of $1 trillion for winding down the wars in Iraq and Afghanistan (which may or may not happen) and $360 billion in savings on interest related to that $1-trillion cut. Another $40 billion of cuts are supposed to materialize through eliminating waste, fraud, and abuse (which may or may not happen). So that’s only really about $1.3 trillion in guaranteed cuts over 10 years.

The current deficit is about $1.6 trillion per year, or $16 trillion over the next 10 years. Assuming all of Reid’s cuts materialized (which is unlikely), the cumulative deficit over the next decade would still be roughly $13.3 trillion.

The national debt now stands at $14.3 trillion, right at the current statutory debt limit. Reid’s plan would raise the limit to $16.5 trillion immediately. However, (under the best of cases) the debt would still be on a trajectory to reach a catastrophically high $27.6 trillion by 2022, necessitating numerous future debt-limit hikes. Boehner’s plan, under the best of cases, would have the debt reaching $27.3 trillion by 2022, not much better.

I’m no fan of either plan because neither addresses discretionary spending sufficiently or entitlement programs at all. However, as a temporary measure, I prefer Boehner’s plan because it would achieve more meaningful, immediate cuts than Reid’s plan, commensurate with the increase in the statutory debt limit.

I was up in arms when I first read the details of Boehner’s plan, but, from a purely political perspective, requiring another debt limit vote prior to the 2012 elections would keep the pressure on Obama and congressional Democrats and provide another opportunity for them to prove once again to the nation that they are not serious about getting our fiscal house in order. We desperately need greater cuts than either plan calls for, but the best prospects for that will be in the future, probably beginning January 2013.

steebo77 on July 26, 2011 at 4:10 PM

Who are the president’s senior advisers?

bridgetown on July 26, 2011 at 4:11 PM

BREAKING:

White House accuses Israel of using mind-control beam on Obama; same one as used in Honduras

“The President is a brilliant thinker and strategist. It is not possible for him to act so incompetently without outside manipulation” says WH Press Secretary J. Carney.

BobMbx on July 26, 2011 at 4:12 PM

Kabuki or ka poopy?

capejasmine on July 26, 2011 at 4:08 PM

Chumpy O’Bamalini. Il Douche.

Key West Reader on July 26, 2011 at 4:12 PM

Isn’t there some kind of law covering the lying by the president and his financial henchman (Geitner) to the American people about the default when privately they are telling the panicked bankers “don’t worry, we’re really not going to default.” Isn’t that traitorous or something? Behold, the enemies within! He’s trying to crash the stock market with lies like that, and he doesn’t care. Wrap your head around that.

silvernana on July 26, 2011 at 4:13 PM

Why is it so difficult to balance a budget… make the hard decisions and stop playing the penis game.

nobleclem on July 26, 2011 at 4:13 PM

Who are the president’s senior advisers?

bridgetown on July 26, 2011 at 4:11 PM

Only one.

Valerie Jarrett.

She shalt be throned (sic) beneath the bus of failure in the next 39 days.

Key West Reader on July 26, 2011 at 4:13 PM

Help us, Obama-wan-Kenobi; you’re our only hope! Show us your plan and save the nation!

aero on July 26, 2011 at 4:15 PM

Yahoo says most Americans cannot identify Romnney’s religion. I’ll wager they don’t know for sure who is the vice-president.

betsyz on July 26, 2011 at 4:15 PM

The President is giving himself wiggle room on this issue.

Good.

Really Right on July 26, 2011 at 4:16 PM

The $2.7 trillion of “cuts” in Reid’s plan include assumed savings of $1 trillion for winding down the wars in Iraq and Afghanistan (which may or may not happen) and $360 billion in savings on interest related to that $1-trillion cut. Another $40 billion of cuts are supposed to materialize through eliminating waste, fraud, and abuse (which may or may not happen). So that’s only really about $1.3 trillion in guaranteed cuts over 10 years.

Cantor offers substitute bill that cuts spending by $8T next year. House Majority Leader proposed building a bridge across the Atlantic terminating in Ireland at an estimated cost of $8T. In an amendment to his own bill, he removed the bridge, thereby saving the US taxpayer $8T in FY2012.

“That is how you get it done”

BobMbx on July 26, 2011 at 4:17 PM

Nixon resigned on August 8th. Will Obama make it two if the country defaults because of him?

meci on July 26, 2011 at 4:04 PM

Technically he announced that he was resigning on August 8th, but it didn’t officially take effect until noon the following day.

But hey, if O’bama wants to do the same thing, more power to him!

Del Dolemonte on July 26, 2011 at 4:17 PM

It’s clear that none of our leaders want to make tough decisions. They all want to pass the buck and have someone else take the blame. They’re more worried about their jobs than the health of the country.

search4truth on July 26, 2011 at 4:17 PM

If Boehner’s plan somehow wriggles through the Senate and Reid’s bill dies in the House, ain’t no way no chance no how Obama is going to own the economic crisis that may or may not follow a default by rejecting a Republican plan to raise the ceiling at the very last second.

Allah, you’ve never dealt with a narcissist before, have you?

Obama most definitely would veto it and threaten the lives on millions upon millions of Americans to benefit himself. That’s how narcissists work.

They do it every single day on a much smaller level, but there is no doubt in my mind if Obama thinks he can somehow veto it while making Republicans look like the bad guy for doing it, he will most definitely do it.

Self preservation is all he thinks about. Everything is shaped about how it can benefit him.
He will weigh the odds of which one will do more harm to him; debating this issue again in 2012 during the election season or veto it now for a long term deal past the next election and attempt to paint the Republicans as the bad guys.

I personally think he’ll take the veto over the election season debate on who is more fiscally responsible. After all, in his mind, he sees a full year that he can blame Republicans for anything bad that may happen from defaulting.

Never, ever, ever underestimate narcissism and what it is capable of doing.

ButterflyDragon on July 26, 2011 at 4:18 PM

Obama most definitely would veto it and threaten the lives on millions upon millions of Americans to benefit himself. That’s how narcissists work.

Because we deserve it. Or something.

BobMbx on July 26, 2011 at 4:19 PM

The President is giving himself wiggle room on this issue.

Good.

Really Right on July 26, 2011 at 4:16 PM

You are so right on this!

I’m glad he’ll have some Wiggle Rooms

Key West Reader on July 26, 2011 at 4:20 PM

Why doesn’t Boehner just throw in a golfing clause in that budget plan? Maybe Obi-one would say yes.

RDE2010 on July 26, 2011 at 4:20 PM

Kabuki?

The Reid plan is DOA

If the boner-watered-down-bill makes the senate….it will pass and jug-ears WILL sign it.

How does this NOT make him look like a failure to his loony base (he’s already lost pretty much everyone else)?

Again….what a wasted opportunity….CCB should have been re-submitted THEN a less watered-down version should have been submitted.

Tim_CA on July 26, 2011 at 4:20 PM

What did BHO accomplish in last night’s boilerplate speech..?

d1carter on July 26, 2011 at 4:20 PM

He’ll sign it if he has to.

He’ll sign it because he wants to. It’s the only way he can blame the GOP/Tea Party and win re-election.

Its his last and only chance to win.

faraway on July 26, 2011 at 4:24 PM

What did BHO accomplish in last night’s boilerplate speech..?

d1carter on July 26, 2011 at 4:20 PM

The press beat his azz first and then he had to go into the room. With. Michelle.

Key West Reader on July 26, 2011 at 4:24 PM

“New” recession?

DocinPA on July 26, 2011 at 4:25 PM

I highly recommend that if you have some paper money in your wallet…

… go spend it on some food why you still can.

Seven Percent Solution on July 26, 2011 at 4:27 PM

Another $40 billion of cuts are supposed to materialize through eliminating waste, fraud, and abuse (which may or may not happen).

This is one of the most galling things about the whole budget and spending mess. If the possibility exists to cut this much in FW&A, WHY ISN’T IT BEING CUT NOW????? Why is FW&A allowed to continue year after year after year?

I know, it’s been asked before…

Here’s a question for you: would any “program” or “effort” to eliminate FW&A produce it’s own FW&A? It’s still the federal government, after all.

karl9000 on July 26, 2011 at 4:29 PM

It pressures congressional Democrats to line up behind Reid’s plan, which Obama prefers, but it also gives reluctant conservatives a reason to rally behind Boehner’s plan, which O will need as a last-ditch escape hatch before August 2 if Reid fails.

Too clever by half.

AshleyTKing on July 26, 2011 at 4:29 PM

*quack*

Fallon on July 26, 2011 at 3:56 PM

Bumper Sticker!

golfmann on July 26, 2011 at 4:30 PM

I guess the fix is in folks. Apparently not only West but Ryan, too, has also signed onto the Boehner plan. Remember, Ryan was on the wrong side of the GM bailout and tarp, too. Jim Demint is the one who is really calling this sham out for what it is–theft and destruction of America’s future with BOTH parties as willing participants.

KickandSwimMom on July 26, 2011 at 4:32 PM

What did BHO accomplish in last night’s boilerplate speech..?
d1carter on July 26, 2011 at 4:20 PM

He distracted a few drones watching Glee reruns who all took bathroom breaks and texted their friends until the Obozo pixels faded from view.

This deal is a complete fix, and no less than Alan West has been co-opted, I fear.

Western_Civ on July 26, 2011 at 4:32 PM

If Obama really wants to kill off the Boehner plan he should endorse it.

Might as well, Romney and Huntsman has, might as well get the entire Ruling Class behind the effort to stiff the voters in November ’10.

FloatingRock on July 26, 2011 at 4:33 PM

Go ahead little Caesar, veto it . . . just drive this country into absolute chaos and we’ll see what ascends from the rubble.

rplat on July 26, 2011 at 4:34 PM

This is idiocy.

There are no real cuts in any of the current plans.

Boehner made a strategic mistake by offering multiple proposals before getting the Democrats to offer even one: he should have left the Ryan plan on the table and stood his ground without any apologies until Reid or Pelosi or somebody put a COMPLETE counter-plan on the table.

Every statement Boehner makes to the press should be preceeded by “We are still waiting for the Democrats to produce a Budget”, and followed by “We would not need budget cap legislation if the Democrats hadn’t crammed the job-and budget-killing Obamacare through against the will of the people.

The baseline for all budget discussions should be forced back to 2008, and each and every spending item added since 2008 should be on the table.

landlines on July 26, 2011 at 4:34 PM

Go ahead little Caesar, veto it . . . just drive this country into absolute chaos and we’ll see what ascends from the rubble.

rplat on July 26, 2011 at 4:34 PM

Be careful what you ask for. Obama taught Alinsky tactics

The goal is to foment enough public discontent, moral confusion, and outright chaos to spark the social upheaval that Marx, Engels, and Lenin predicted — a r.evolution whose foot soldiers view the status quo as fatally flawed and wholly unworthy of salvation.

Thus, the theory goes, the people will settle for nothing less than that status quo’s complete collapse — to be followed by the erection of an entirely new system upon its ruins. Toward that end, they will be apt to follow the lead of charismatic radical organizers who project an aura of confidence and vision, and who profess to clearly understand what types of societal “changes” are needed.

faraway on July 26, 2011 at 4:36 PM

Be careful what you ask for. Obama taught Alinsky tactics

The goal is to foment enough public discontent, moral confusion, and outright chaos to spark the social upheaval that Marx, Engels, and Lenin predicted — a r.evolution whose foot soldiers view the status quo as fatally flawed and wholly unworthy of salvation.

Thus, the theory goes, the people will settle for nothing less than that status quo’s complete collapse — to be followed by the erection of an entirely new system upon its ruins. Toward that end, they will be apt to follow the lead of charismatic radical organizers who project an aura of confidence and vision, and who profess to clearly understand what types of societal “changes” are needed.

faraway on July 26, 2011 at 4:36 PM

Excellent point . . . and I had taken that into consideration.

rplat on July 26, 2011 at 4:41 PM

landlines on July 26, 2011 at 4:34 PM

Boehner and Cantor have been using the Lefts own propaganda against the tea party, IMO, by continuing to pretend that if the debt ceiling isn’t raised there will be a default on Aug 2nd. They’re just lying hack politicians.

FloatingRock on July 26, 2011 at 4:42 PM

As much as he may hate a short-term debt ceiling increase, he’d hate a new recession even more given what it would mean for his reelection. He’ll sign it if he has to.

I’m inclined to believe this is true. However, Obama is such an incompetent ideologue that he may be unpredictable. He took a lot of heat for giving in on extending the “Bush Tax Cuts”. And who, among the sycophants he has chosen to advise him will tell him he needs to be pragmatic? Who knows what he’ll do. He’s that dangerous.

SlaveDog on July 26, 2011 at 4:42 PM

This hasn’t been a good week for Captain Demagogue has it? I hope he goes on TV again tonight and blames Bush and puts the fear of God into the elder folks counting on Social Security and then VETOS the plan.

scalleywag on July 26, 2011 at 4:44 PM

As much as he (BO) may hate a short-term debt ceiling increase, he’d hate a new recession even more given what it would mean for his reelection. He’ll sign it if he has to.

Not if he can blame the second recession on Republicans, get away with it with help from the liberal old media, and sail to reelection.

In fact that could be the plan.

slickwillie2001 on July 26, 2011 at 4:46 PM

Another $40 billion of cuts are supposed to materialize through eliminating waste, fraud, and abuse (which may or may not happen).

This is one of the most galling things about the whole budget and spending mess. If the possibility exists to cut this much in FW&A, WHY ISN’T IT BEING CUT NOW????? Why is FW&A allowed to continue year after year after year?

I know, it’s been asked before…

Here’s a question for you: would any “program” or “effort” to eliminate FW&A produce it’s own FW&A? It’s still the federal government, after all.

karl9000 on July 26, 2011 at 4:29 PM

Why isn’t fraud, waste and abuse being eliminated now? Because it would involve arresting some of his base and even worse, some political contributors.

slickwillie2001 on July 26, 2011 at 4:50 PM

*quack*

Fallon on July 26, 2011 at 3:56 PM

Better yet:

*quack* (limp limp) *quack* (limp limp)

0bama is, after all, a lame duck.

UltimateBob on July 26, 2011 at 4:50 PM

The new White House….

right2bright on July 26, 2011 at 4:51 PM

Reid: “Democrats will not vote for it. Democrats will not vote for it. Democrats will not vote for it.”)

Why is that considered acceptable but any similar statement by teh GOP regarding Reid’s plan or Obama’s “plan” would be considered childlike intransience?

Monkeytoe on July 26, 2011 at 4:52 PM

I highly recommend that if you have some paper money in your wallet…

… go spend it on some food why you still can.

Seven Percent Solution on July 26, 2011 at 4:27 PM

I really want to add to this but I’ve been frustrated to make it succinct (this is the third draft).

So lemme try again-

I feel the same here, spend what you need to in the next few years, NOW!

I decided to go ahead with an addition to the house that I had been fretting/waiting on for better economic conditions. Then. . . .I talked the owner of a hardware store at length, and decided to jump. I’m glad I did.

90% of the work I did myself, so it was mostly a materials cost. Just last week I ran a price comparison to see what would have been the impact had I waited.

Long story short, what I paid for a year ago in materials would have cost me over triple today.

Had I knocked it down to #2 lumber, used inferior fasteners, rock bottom fixtures and the like, I could have gotten it down to slightly under double. The premium U.S. lumber, fasteners and fixtures I used have seen a total price increase of 367% (36700 basis points! — That is INSANE!)

This nation is dying! Hunker down and gird your loins folks.

Jason Coleman on July 26, 2011 at 4:56 PM

The president’s excuse for the veto threat? He doesn’t want to deal with the debt ceiling issue again before the 2012 election.

Good to know he puts the country’s interests ahead of his own. That’s real leadership. (sarcasm off.)

tgharris on July 26, 2011 at 4:57 PM

I still botched that…

I was holding off, then talked to the hardware store owner, THEN decided to go forward.

Sorry about the confusing bit there.

Jason Coleman on July 26, 2011 at 4:58 PM

Let Obama the Muslim shut er down! At that time ALL taxes to the federal government should stop! Since he can’t manage the finances of the country, he should have all funds cut off! Why would any American in his right mind want to give these fools any more money to steal and waste? The clueless communist thinks that 80% of Americans want to pay more taxes! We will answer that in Nov. 2012. Vote all Obamacrats out of all offices in the nation!

Marco on July 26, 2011 at 5:03 PM

But, today, the executive office of the president at the Office of Management and Budget released its statement of official policy on the plan House Speaker John Boehner (R-Ohio) released yesterday and brought to the House floor today at 3 p.m.:

The Administration strongly opposes House passage of the amendment in the nature of a substitute to S. 627. If S. 627 is presented to the President, the President’s senior advisors would recommend that he veto this bill.

Just to be clear, these are the same group of advisors that previously underestimated the budget deficit by $2 trillion a year or two ago who are making this recommendation, yes?

parke on July 26, 2011 at 5:07 PM

Jason Coleman on July 26, 2011 at 4:58 PM

It’s funny – I started a home project a couple of years ago and finally finished it just recently. I returned some unused materials to my local Home Depot and Lowes stores where I had bought them. I was happy to see that the prices on everything had increased significantly (I had all the original receipts), so I made a little money on the transaction.

You are right – we need to gird our loins. The inflationary poop is going to hit the fan.

UltimateBob on July 26, 2011 at 5:10 PM

50/50 chance he either signs it and takes credit for it all or he vetoes it, holds an press conference declaring emergency powers for himself to save the world from financial ruin caused by Republicans.

During the last presidential election, I believe President Bush fell for “the world is melting emergency press conference we’ve got to do something now now now!”

Why is it so hard to believe Obama wouldn’t do the same?

JellyToast on July 26, 2011 at 5:16 PM

I think this is a set up to get the plan pased by Obama…
He get no spendin cuts, I mean, excuse me…. 10 years out cuts (aham)…

As for the theatre next year over again. He wanted better but so what, really?

they HAVE to pass it again.

CC&B is what really scares them

golfmann on July 26, 2011 at 5:18 PM

Some people who hold bonds may make out if the rating goes down and interest rates go up. It will be more difficult for the govt to borrow and will cost it more to do so. We will not default on our service of the debt. So, sit back, relax and watch the show. If the fda, faa, epa, doe, doed, fannie & freddie closes up shop for awhile will we notice?

Kissmygrits on July 26, 2011 at 5:33 PM

i watched a lot of poker two weekends ago..first ever live coverage of the world series of poker from lost wages, nevada. so you’ll excuse me if i reduce this debt celing battle to poker terms.

obama was dealt to weak card..deuce / trey unsuited.
he limped in on the button without making a bet.
boehner raised pre-flop with his ‘not one cent of new taxes’ bet
obama called boehner but failed to make a pair on the flop. he did, however, pick up a gut shot staight draw.
on the turn, obmaa made a bet equal to half the pot by promising to veto cut, cap and balance. but boehner quickly called obama by passing CC&B and sending it to the senate.
on the river, obams missed the straight. he has rags. he’s made a continuation bet equal to one half the pot which is either a weak bluff or slow playing that he caught a card on the river to make his straight.
boehner has noticed obamas ‘tell’…a trembling lower lip and propensity to talk about corporate jets when he’s bluffing.
boehner moves all in, and has obama facing the end of his tournament life.
if obama refuses to push all his chips in, it will be a good lay down. he’ll save himself to fight anohter day.
problem is, you just never know what these on-line amatuers will do.
emotion vs. logic…which will it be sport?

DrW on July 26, 2011 at 5:37 PM

If the fda, faa, epa, doe, doed, fannie & freddie closes up shop for awhile will we notice?

yes, but i don’t care. bring on the medicine…i’m ready for the cure.

DrW on July 26, 2011 at 5:42 PM

Wow. Read this. Lindsey Graham — Lindsey Graham of all people — is opposing Boehner’s plan and arguing that:

if Republicans block a deal now, they could get their best chance at a balanced-budget amendment in a generation. If they don’t, he warned, such a moment may take years to reappear.

Yes, Graham is up for re-election, so he’s trying to stay on the “right” side of things, so to speak. But, if there are other squishes like Graham in the House who think they can force the BBA issue, Boehner’s plan is probably in deep, deep trouble. Where does that leave things?

Rational Thought on July 26, 2011 at 5:45 PM

All a plan needs tucked away into it is a single line on repealing Obamacare… stuff it in a sub-sub-sub paragraph on raising the debt ceiling. See if anyone notices.

ajacksonian on July 26, 2011 at 5:46 PM

(Reid: “Democrats will not vote for it. Democrats will not vote for it. Democrats will not vote for it.”)

To which Boner ought to reply, “They will if they want to be re-elected.”

samuelrylander on July 26, 2011 at 5:47 PM

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