Open thread: House to vote on debt deal at 2 p.m.? Update: Still awaiting speeches, votes, while Moody’s and S&P’s continue to warn of a downgrade Update: Pelosi says “Vote your conscience” as Biden says “This will pass”

posted at 1:30 pm on August 1, 2011 by Tina Korbe

Leaders on both sides of the aisle have begrudgingly praised the Budget Control Act of 2011, and newspapers this morning hailed it as the deal to prevent default, but the bill isn’t quite “done and done.”

Supposedly, Speaker John Boehner hopes the House will vote first on the deal as a special “Message to the Senate,” possibly as early as 2 p.m., but that’s not confirmed yet, so stand by … In the meantime, let’s parse the chances of passage in both the House and Senate. (In case you missed the actual details of the fluid deal, here’s a solid summary.)

Vice President Joe Biden this morning headed to both chambers to confer with Democratic leadership to ensure the necessary votes would be there — a sign that the bill’s success isn’t quite a sure thing. And no wonder: Critics on both sides find the bill, at best, a disappointment and, at worst (from passage’s standpoint), utterly unpalatable.

But, for the first time since the House passed its original budget, the Senate doesn’t seem to be the biggest threat to passage of a deal, a reflection, perhaps, that this newest compromise was primarily brokered by the president and Senate Minority Leader Mitch McConnell (R-Ky.), with a relatively early sign-off from Senate Majority Leader Harry Reid (D-Nev.).

Sen. John McCain (R-Ariz.), for one, will be a “yes” vote on the bill he’s glad doesn’t require the passage of a balanced budget amendment (which he again insisted this morning on “Fox and Friends” is an impossible proposition as long as Republicans control just one-third of the government). Sure, he says he’ll have to “swallow hard” and he also claims he’s concerned about the defense spending cuts the bill could engender, but he’ll vote for it anyway. Other establishment Republicans will likely vote the same way — and the Democrats will line up behind Reid, as they always do.

But a few solutions-oriented senators will still vote against a bill that signifies a political accomplishment only. Sen. Mike Lee (R-Utah), for example, has said he’ll vote against it on the grounds that it does nothing to reform the way Washington spends taxpayer money. And Sen. Ron Johnson (R-Wis.) reportedly feels queasy at the thought of a vote on a “disgusting” debt ceiling increase of $2.4 trillion.

“Even right now we are supposedly talking about a deal that will be $2.4-trillion worth,” Johnson said last night on Fox News. ‘Think about what that is: $2.4-million-million worth. You just have a couple people negotiating this. I mean, it is ridiculous. We’re talking about the federal government’s budget here. … Ten years ago we spent $1.8 trillion. This year we will spend $3.6 trillion, and more. What the president’s budget would do after 10 years: Increase that from $3.7 to $5.7 trillion. He would spend $46 trillion. And all we are doing is lowering that by, what, $900 billion? … It may be a step in the right direction, but it is not fixing the problem.”

In the House, Democrats and Republicans alike aren’t amenable, either. Minority Leader Nancy Pelosi (D-Calif.), for example, met the most recent proposal with a cold reception, even though her former adviser Brendan Daly told me this morning he’s confident she’ll release her caucus to vote for it, even if she herself votes “no.”

On the right, Tea Party stalwarts like Rep. Joe Walsh (R-Ill.) and Rep. Louis Gomert (R-Tex.) have said they’ll vote against the bill. (“I’m looking for a reason to vote ‘yes’ and I can’t find it,” Gomert told Alisyn Camerota on “America’s Newsroom” this morning. He was quite literally “looking” — he stayed up past 2:00 a.m. studying the bill, he said.) The other 20 GOP representatives who voted against House Speaker John Boehner’s original compromise bill will also likely remain steadfast in the face of this new and still-more-watery legislation. More Republicans might defect.

The sticking point among slightly more “establishment” R’s in the House still seems to be the potential cuts to defense funding, which would go into effect should Congress fail to enact the recommendations of the compromise bill’s special commission to reduce the deficit. Importantly, House Armed Services Chairman Buck McKeon (R-Calif.) and other members of HASC are still weighing whether to vote “yes.”

But as AP pointed out last night, the Democrats who will support this Obama-McConnell last-minute deal will probably more than cover the loss of any additional Republicans. Plus, Boehner is fighting harder than any of the chief compromise crafters to sell this bill, so he’ll likely limit the number of Republican “no” votes.

We shall see …

Update I: Vice President Biden will speak in moments to report the results of his meetings with Democratic leadership earlier today. Still no word on when the actual vote will be. But, in the meantime, both Moody’s and Standard and Poor’s have suggested they’re less than happy with the deal as it is.

Update II: Looks like the House vote will be in the evening at the earliest … Via Guy Benson: “Joe Biden is meeting with House Democrats this afternoon to help sell the deal  in advance of a vote, which could come this evening.  Down the hall, Harry Reid says he’d also prefer to tee-up a Senate vote for today, but can’t commit to it.”

Update III: Nancy Pelosi is telling her people to “vote your conscience.” That means no real whipping from the vote-lassoing queen.

But Biden still sounds hopeful that the bill will pass. “I didn’t go to convince; I went to explain and lay out exactly how we got to where we were and why this is so important for the country,” he said moments ago, coming out of meeting with Democrats. “They expressed all their frustration, which I’d be frustrated if i were sitting there, as well, that it came down to the wire, as well. They asked about the proposed legislation. I thought it was a good meeting and I feel confident that this will pass.” Biden said the “one, overwhelming, redeeming feature” of the deal is that it prevents the debt ceiling from coming up for debate again until after 2012 — “and that has nothing to do with elections.”

Update IV: I just wrote a separate post about the House Republican leadership press conference, but the key takeaway is that Boehner’s sounding confident the deal will pass in the House.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2 3

I hope the corrupt bastards fail.

FloatingRock on August 1, 2011 at 1:33 PM

Rep. Joe Walsh (R-Ill.)
Rep. Louis Gomert (R-Tex.)
Sen. Mike Lee (R-Utah)
Sen. Ron Johnson (R-Wis.)

These babies need to grow up and get their asses in line behind McCain like good little party apparatchiks.

Bishop on August 1, 2011 at 1:36 PM

FloatingRock on August 1, 2011 at 1:33 PM

Same for me.

Except I hope they fail miserably and painfully.

MrScribbler on August 1, 2011 at 1:37 PM

Thanks Tina for the update – I’ll know when to check back for details.

gophergirl on August 1, 2011 at 1:37 PM

Beinart ‘cries’.

The good news is that the Tea Party, more than Barack Obama, has now ended the neoconservative dream of an ever-expanding American empire. The bad news is that it has also ended whatever hopes liberals once entertained that roughly 100 years after Theodore Roosevelt and Woodrow Wilson, roughly 75 years after the New Deal and roughly 50 years after the Great Society, we were living in another great age of progressive reform.

Given the era of fiscal scarcity we’re now entering, those neocon and progressive dreams are now likely dead for many years to come. Meanwhile, the Tea Party’s dream of a government reduced to its pre-welfare-state size becomes ever real.

Schadenfreude on August 1, 2011 at 1:37 PM

You’ve got to pass it to find out what’s in it.

ajacksonian on August 1, 2011 at 1:38 PM

Thanks for the update Tina – I know when to check back for updates.

gophergirl on August 1, 2011 at 1:38 PM

save us all from this corrupt ruling class.

I wish I could just magically change my credit card limit so that i could keep getting cash advances to pay the minimum amount due each month.

that these people think this type of behavior is acceptable is pathetic. they all need to get their bums tossed out of DC. Send in a fresh crop of citizen legislators by random phone book lottery and they’d have this mess straightened out in 6 months.

gatorboy on August 1, 2011 at 1:39 PM

Per one of my favorite people…

“2012 can’t come soon enough”.

tencole on August 1, 2011 at 1:40 PM

And if this Bill does not pass??

We’ve already seen the “default” myth exposed…and we’ve already gotten Dems on record favoring no increase in taxes…and Obama has staked his ground and angered his base…

So…let this one fail…big.

Then, let’s see Congress actually do its job, methodically, actually reading the various amendments and the bills themselves before even thinking of casting a vote…they’ve all the time in the world now…that “default crisis” has passed.

coldwarrior on August 1, 2011 at 1:40 PM

This bill is imposing the DEATH PENALTY for the UNITED STATES.

Defense cuts, smoke and mirrors from a SUPERCON, no addressing OBAMACARE, no freeze on spending, built in Stimulus OVERSPENDING with no end in sight.

The GOP has failed.

PappyD61 on August 1, 2011 at 1:40 PM

Budget Control Act of 2011,

That has to be at last a 9.0 on the irony scale.

Chip on August 1, 2011 at 1:41 PM

People are ripping Boehner a new one on his facebook page.

It makes me wonder a bit when Ed starts telling us “we’ve’ won!” when so much of us regular folk on the conservative world are saying “like hell”. I’ve always liked his analysis but has he been listening to a little too much Kraut and Rove or what?

miConsevative on August 1, 2011 at 1:42 PM

We have a bigger problem than I thought, Boehner and Cantor out in 2012.

Don’t be a plumb idiot, vote no.

tarpon on August 1, 2011 at 1:42 PM

This whole thing is a farce. “Cuts” NOT!!

These supposed custs are akin to a family “saving” $100,000 in expenses by deciding not to buy a Bentley, and instead getting a fully loaded Benz, when really their budget dictates that they need to stick with a Honda.

A balanced budget is as simple as returning to 2004 spending levels. Our revenues currently stand at approximately $2.2 trillion a year. Our outlays are $3.7 trillion and projected to grow every year. Yet we only have to go back to 2004 for federal outlays of $2.2 trillion. If we simply returned to that year’s spending levels, which would hardly be austere, we would have a balanced budget right now.

But instead all these morons are arguing about is a reduction in future spending increases.

PatriotRider on August 1, 2011 at 1:42 PM

Just listening to Rush explain the effects of this, we have been screwed by our own side, as we all knew we would be.

silvernana on August 1, 2011 at 1:42 PM

I was reading it and seeing that if they come within 100B of the debt limit and want to increase more. Just by asking that automatically get 400B more. Does not make sense. This is bad. We need to vote this down

ConservativePartyNow on August 1, 2011 at 1:43 PM

It’s not too late to kill this thing.

House, vote against the bill.

Remove Boehner as Speaker.

KILL THE BILL!

fossten on August 1, 2011 at 1:43 PM

We have been screwed so many times by the political elite ruling class…

… that my anus has grown a foreskin.

Seven Percent Solution on August 1, 2011 at 1:44 PM

PatriotRider on August 1, 2011 at 1:42 PM

You should have the decency to add the link, or at least quotation marks.

http://thehill.com/blogs/congress-blog/economy-a-budget/174717-when-a-cut-is-not-a-cut

Bishop on August 1, 2011 at 1:44 PM

Boehner might as well be saying:

“WE HAVE TO PASS THE BILL TO FIND OUT what’s in it”.

PappyD61 on August 1, 2011 at 1:45 PM

Did they cut cowboy poetry?

mudskipper on August 1, 2011 at 1:45 PM

And who will the Republican leadership put on this bi-partisan super commitee?

List of potentials:
Olympia Snowe
Susan Collins
Scott Brown
Lisa Murkowski

…. yeah we’re in good hands

lm10001 on August 1, 2011 at 1:46 PM

Great!

Now we can put this whole circus behind us and get working on the import things like getting Obama re-elected.

Ditkaca on August 1, 2011 at 1:47 PM

I wish I could just magically change my credit card limit so that i could keep getting cash advances to pay the minimum amount due each month.

gatorboy on August 1, 2011 at 1:39 PM

It would be even better if you could raise your own credit limit and stick somebody else with all the bills.

FloatingRock on August 1, 2011 at 1:47 PM

We have been screwed so many times by the political elite ruling class…

… that my anus has grown a foreskin.

Seven Percent Solution on August 1, 2011 at 1:44 PM

Thanks for that!

silvernana on August 1, 2011 at 1:47 PM

Podhoretz

A fantastic bit of rhetoric from an enraged leftist Democrat in the House, responding to the outlines of the budget deal: Emanuel Cleaver, a pastor from Missouri, described it as a “sugar-coated Satan sandwich.” And indeed it is. There are no good options for liberal/Left Democrats in the House. If they vote against the bill en masse, they will make Obama look as though he has betrayed his own core principles, and indeed, they may lead to the deal’s collapse if a few more Republicans than agreed to the Boehner bill yesterday decide to vote no. Should that happen, they will destroy the Obama presidency. But if they agree, they are eating that sandwich. Tactically and strategically, this is a political disaster for the Democrats. That won’t mean much to the Tea Partiers in the House, whose opposition to the bill is entirely conviction-driven. But to the extent that a politician’s heart beats within a Tea Partier’s breast, that politician should be able to see the practical benefits to him and his party here.

Schadenfreude on August 1, 2011 at 1:48 PM

“Given the era of fiscal scarcity we’re now entering, those neocon and progressive dreams are now likely dead for many years to come.”

Schadenfreude on August 1, 2011 at 1:37 PM

Aragorn: Are you frightened?

Frodo: Yes.

Aragorn: Not nearly frightened enough. I know what hunts you

Fallon on August 1, 2011 at 1:48 PM

So much for Boehner’s 72 hour rule. None of these freaks are open and transparent like they claim. Another lie exposed.

FloatingRock on August 1, 2011 at 1:49 PM

Weasels on both sides

In fairness, the president’s passive-aggressive approach is a bipartisan affliction. The ostensible front-runner for the Republican nomination, Mitt Romney, took a deliberately hazy position on last week’s crucial House debate, preferring to flunk a test of leadership rather than risk alienating either side. (The Washington Examiner’s Tim Carney quipped that “if you took Obama’s plan and Romney’s plan, and just met in the middle, you’d be in the middle of nowhere.”)

This leaves Americans to contemplate two possibilities more alarming than debt-ceiling brinkmanship. First, that we’re living through yet another failed presidency. And second, that there’s nobody waiting in the wings who’s up to the task either.

Schadenfreude on August 1, 2011 at 1:49 PM

Did they cut cowboy poetry?
mudskipper on August 1, 2011 at 1:45 PM

No they didn’t, Gaia be praised, and condom training for 1st graders is fully funded through the year 2028. Close, very close, but the important things still have money allocated.

Bishop on August 1, 2011 at 1:50 PM

Fallon on August 1, 2011 at 1:48 PM

Note who Beinart is – it’s fun to watch the lefties.

Schadenfreude on August 1, 2011 at 1:50 PM

Bishop on August 1, 2011 at 1:44 PM</blockquote

Point taken…here you go " "

PatriotRider on August 1, 2011 at 1:51 PM

I wonder if this bill passes, it’s the end the GOP and start of the a new conservative party. Just thinking out loud.

Oil Can on August 1, 2011 at 1:51 PM

You want to confirm the convictons of these budget hawks? They won’t vote on the balanced budget amendment until AFTER Oct 1, the date the 2012 budget is due.

spineless at every turn

reject this sham!

DanMan on August 1, 2011 at 1:52 PM

Yet the president’s approval ratings have been sinking steadily for weeks, hitting a George W. Bush-esque low of 40 percent in a recent Gallup survey. The voters incline toward Obama on the issues, still like him personally and consider the Republican opposition too extreme. But they are increasingly judging his presidency a failure anyway.

By next week his ratings s/b at 30%, if reality sets in.

Schadenfreude on August 1, 2011 at 1:52 PM

PatriotRider on August 1, 2011 at 1:51 PM

Just givin’ ya shiite. -_-

Bishop on August 1, 2011 at 1:54 PM

Given the era of fiscal scarcity we’re now entering, those neocon and progressive dreams are now likely dead for many years to come. Meanwhile, the Tea Party’s dream of a government reduced to its pre-welfare-state size becomes ever real.

This is hilarious. We would have to eliminate 95% of the government to get to a pre-welfare state size. Yeah, Pete, we’re really closer to that.

rockmom on August 1, 2011 at 1:54 PM

I don’t think this is going to pass either chamber.

Then well – the fun will begin in earnest.

gophergirl on August 1, 2011 at 1:55 PM

Something has is odd when both side hate this thing so bad. Progressives hates it and Tea hates it. Progressive will purge anyone that votes for it and Tea will purge anyone that votes for it. Nobody wins.

4 parties in the 113th will be great. S,D,R,T in that order from left to right. Even if they are a tea 99.9% of the time this one vote will end it and they have to hand in their tea membership card forever. VP or Pres Allen West will never happen because he voted for the debt celling scam.

It did not matter what course they are taking the iceberg will still hit. And you can’t turn a ship around with out bumping it or stopping so fast that the “china” falls off the shelfs. It takes time to stop the bloated monster that is government.

tjexcite on August 1, 2011 at 1:56 PM

Drrrr.

Not so fast… some sort of tax increase.

Key West Reader on August 1, 2011 at 1:56 PM

Note who Beinart is – it’s fun to watch the lefties.

Schadenfreude on August 1, 2011 at 1:50 PM

You really are getting plenty of schadenfreud today! :-)

rockmom on August 1, 2011 at 1:56 PM

Anyone know if Boehner’s presser is still happening?

JetBoy on August 1, 2011 at 1:57 PM

Wait a second . . . why is the House voting first?

Why don’t they demand that the Senate amend the Boehner bill which they already sent to the Senate, in a way that it will conform to the terms of the agreement, and then pass it, thereby returning it to the House?

That way, the House would take final action.

What guarantee does the House have that the Senate will concur?

So far, the House has done all the heavy lifting. The Senate should have to participate in the constitutional process, not just be a ratifier of final agreements.

Trochilus on August 1, 2011 at 1:58 PM

This bill is a complete capitulation to Obama:

1. He gets ALL of his Debt Ceiling increase, the largest in history, immediately. The “phase 2 conditional increase” is completely phony because this bill changes the increase from “60 votes to PASS the increase” to a “60 votes to PREVENT the increase” proposition!!!

2. The Bush Tax Cuts are guaranteed to be cancelled by dishonest CBO scoring provisions which require continuation of the “Bush Tax Cuts” to be counted as an “expenditure” which REQUIRES taxes to be increased!! This is a $5 Trillion Tax Increase!!!

3. There are NO REAL CUTS!!! “Future Cuts” cannot be legally enforced, and never have been enforced. THERE IS NO SUCH THING AS A “FUTURE CUT”!!!

IN SUMMARY: This bill is a $2.4 Trillion Debt Cap increase with NO CUTS, plus a $5 TRILLION TAX INCREASE!!!

landlines on August 1, 2011 at 1:59 PM

Drrrr.

Not so fast… some sort of tax increase.

Key West Reader on August 1, 2011 at 1:56 PM

Is that from Fox Nation? I read the blurb and couldn’t figure out where Ploof was saying the tax increases were. How I read it – it was more wishful thinking on his part.

gophergirl on August 1, 2011 at 1:59 PM

Stand by: Fox has alluded to some sort of “breaking news”–the tease is a hidden tax hike–that may throw the whole deal to the fishes.

Eleventh hour legislation at its finest!

johnny alpha on August 1, 2011 at 1:59 PM

Boehner doesn’t have the votes.

Schadenfreude on August 1, 2011 at 1:59 PM

12:59 p.m. ET

From Sen. John Kerry, D-Mass.

“I’m very supportive. We’ve got to get this done.”

12:53 p.m. ET

From Sen. John McCain, R-Ariz.

“I will support this and strongly support this. (bill)”

This should tell you everything you need to know about this bill…

PatriotRider on August 1, 2011 at 1:59 PM

It’ll pass. They’ve milked about all the drama and brinksmanship out of it they can. Next and bigger question is if the rating agencies have the seeds to downgrade us on Obamas watch.

a capella on August 1, 2011 at 2:00 PM

FOXNEWS is reporting there may be a problem with bill, something to do with taxes

KBird on August 1, 2011 at 2:00 PM

The main job of the government is to protect the country. The world we live in requires a strong defense. Any cut in defense spending is unacceptable. Kill this bill before it kills us all. I cannot believe any conservative would vote for this bill. Guess we we find out who the rest of the RINO’s are. Even Romney gets this. DAH!

derft on August 1, 2011 at 2:00 PM

KWR: Tax increase? Where?

Scott H on August 1, 2011 at 2:00 PM

FOXNEWS is reporting there may be a problem with bill, something to do with taxes

KBird on August 1, 2011 at 2:00 PM

If that’s true – walk away GOP walk away.

gophergirl on August 1, 2011 at 2:01 PM

This deal sucks. I blame Boehner’s terrible negotiation strategy, which let the Democrats gain leverage and kill CC&B.

But the truth is, this is the best deal we can politically salvage. If we held firm to CC&B and Aug. 2nd passed, Obama would have stopped sending social security checks, or military pay, or other things which would have placed unbearable pressure on the GOP and further reduced our leverage.

It’s time to take our medicine, pass this piece of crap, and focus on lobbying for the Balanced Budget Amendment. That’s the real solution to this crisis and what we should spend our time focusing on.

Outlander on August 1, 2011 at 2:01 PM

If this thing passes we all need to start sending in ideas for cuts, I don’t understand how DOD can take anymore.

Cindy Munford on August 1, 2011 at 2:01 PM

The House IS voting at 2 PM

…but on nothing related to the debt ceiling.

This open thread will be open for awhile.. Republicans just finished a conference meeting about it, as have the Dems.

This is no where near ready for a vote.

NoStoppingUs on August 1, 2011 at 2:01 PM

I vote NO!

tim c on August 1, 2011 at 2:01 PM

FOXNEWS is reporting there may be a problem with bill, something to do with taxes
KBird on August 1, 2011 at 2:00 PM

Something to do with its very existence.

Bishop on August 1, 2011 at 2:01 PM

FOXNEWS is reporting there may be a problem with bill, something to do with taxes

KBird on August 1, 2011 at 2:00 PM

Ryan explaining that it’s not true.

Schadenfreude on August 1, 2011 at 2:01 PM

never mind my above post (1:59 PM)–that little tidbit about scoring the Bush-era tax cuts was identified yesterday in several places.

johnny alpha on August 1, 2011 at 2:03 PM

This deal confirms we don’t have the political will to get out of the financial hole we have dug. Only hope is that we ‘go greek’ while a dem is the president and he gets the blame.

Rightyismighty on August 1, 2011 at 2:04 PM

Passing it to find out what is in it won’t work this time…

d1carter on August 1, 2011 at 2:05 PM

PatriotRider on August 1, 2011 at 1:59 PM

yep, only one side loses when these two agree on anything

DanMan on August 1, 2011 at 2:05 PM

Ryan explaining that it’s not true.

Schadenfreude on August 1, 2011 at 2:01 PM

If Paul Ryan says it, it must be true. That guy never voted for TARP or any bailout or any…

fossten on August 1, 2011 at 2:05 PM

KWR: Tax increase? Where?

Scott H on August 1, 2011 at 2:00 PM

SEE this post, it’s right on.

landlines on August 1, 2011 at 1:59 PM

derft on August 1, 2011 at 2:05 PM

FOXNEWS is reporting there may be a problem with bill, something to do with taxes

KBird on August 1, 2011 at 2:00 PM

If that’s true, I will lose much of my respect for John Boehner.

JetBoy on August 1, 2011 at 2:06 PM

IN SUMMARY: This bill is a $2.4 Trillion Debt Cap increase with NO CUTS, plus a $5 TRILLION TAX INCREASE!!!

landlines on August 1, 2011 at 1:59 PM

But, but, we have to pass this or the world will end and we will all die, etc! /Allahpundit, Krauthammer, NRO, WSJ & Co

Norwegian on August 1, 2011 at 2:08 PM

this is the biggest pile of horsesh*t I’ve seen in some time

Willie on August 1, 2011 at 2:11 PM

KY jelly, Vasoline…

… or do we just ask them to spit on the tip?

Seven Percent Solution on August 1, 2011 at 2:12 PM

7%: I’ve never been lubricant before. I’m not sure why this time would be any exception….

Scott H on August 1, 2011 at 2:13 PM

The these idiots cannot see that letting the Bush Tax Cuts expire is a tax increase then there is no hope.

derft on August 1, 2011 at 2:13 PM

You really are getting plenty of schadenfreud today! :-)

rockmom on August 1, 2011 at 1:56 PM

Their pain
Is our gain

Unfortunately this crap sandwich is bad for the country. The downgrade needs to happen so that reality sets in. It w/b the first step toward improvement.

Schadenfreude on August 1, 2011 at 2:14 PM

According to coverage on FBN it’s not a done deal, lots of folks don’t like what turns out to be in it not what they signed on for. The crap sandwich maybe falling apart.

The Congress couldn’t cut 4 trillion real dollars out of the budget. Now it looks like Moodys and S&P are going to downgrade the U.S. people need to remember this when they go to the polls in November 2012. They couldn’t stop looking out for their own self interest, long enough to fulfill the duties of the office they were elected to.

Dr Evil on August 1, 2011 at 2:14 PM

Drrrr.

Not so fast… some sort of tax increase.

Key West Reader on August 1, 2011 at 1:56 PM
Is that from Fox Nation? I read the blurb and couldn’t figure out where Ploof was saying the tax increases were. How I read it – it was more wishful thinking on his part.

gophergirl on August 1, 2011 at 1:59 PM

Trickery on the Bush Tax cuts expiration, AMT and other tax issues that will auto-expire in Jan 2013. Now they are tryingi to say that this is a “good thing” and not a tax increase.

Okay then. LOL!

Key West Reader on August 1, 2011 at 2:15 PM

fossten on August 1, 2011 at 2:05 PM

Not claiming that it’s true, just that he’s “refudiating” it.

Schadenfreude on August 1, 2011 at 2:16 PM

Unfortunately this crap sandwich is bad for the country. The downgrade needs to happen so that reality sets in. It w/b the first step toward improvement.

Schadenfreude on August 1, 2011 at 2:14 PM

Either that? Or, have Boehner come out and say, “Obama, you got $500B”. That’s it. Then start all over with some sanity.

Poor barry might even have to miss his big birthday-bash-n-money-raiser party. Shadenfruede LOL

Key West Reader on August 1, 2011 at 2:16 PM

Trickery on the Bush Tax cuts expiration, AMT and other tax issues that will auto-expire in Jan 2013. Now they are tryingi to say that this is a “good thing” and not a tax increase.

Okay then. LOL!

Key West Reader on August 1, 2011 at 2:15 PM

I’m so tired of trying to keep up with this whole thing I just want to scream.

Sometimes I wish I was like my co-workers who care more about Justin Bieber than the debt ceiling.

Okay maybe not but sometimes being oblivious would be nice for a day or so.

gophergirl on August 1, 2011 at 2:16 PM

They couldn’t stop looking out for their own self interest, long enough to fulfill the duties of the office they were elected to.

Dr Evil on August 1, 2011 at 2:14 PM

Exactly! Fire them all!

Mangy Scot on August 1, 2011 at 2:18 PM

Not claiming that it’s true, just that he’s “refudiating” it.

Schadenfreude on August 1, 2011 at 2:16 PM

Oh I know, I’m with ya. It’s all good bro.

fossten on August 1, 2011 at 2:18 PM

According to coverage on FBN it’s not a done deal, lots of folks don’t like what turns out to be in it not what they signed on for. The crap sandwich maybe falling apart.

The Congress couldn’t cut 4 trillion real dollars out of the budget. Now it looks like Moodys and S&P are going to downgrade the U.S. people need to remember this when they go to the polls in November 2012. They couldn’t stop looking out for their own self interest, long enough to fulfill the duties of the office they were elected to.

Dr Evil on August 1, 2011 at 2:14 PM

I had Boehner’s press conference streaming and it got cancelled unexpectedly.

gophergirl on August 1, 2011 at 2:18 PM

gophergirl: In the gaming world, more Diablo 3 information was released today, and a day or two ago one of the commenters said that ‘this waiting and anticipation is worse than the debt ceiling debate’.

I don’t cite this to give support, but if you know anything about Blizzard games, they’re seriously escapist. (I can say this from personal experience.) If the people who play those games are at all informed on this debate…

Obama is pretty much screwed.

Scott H on August 1, 2011 at 2:19 PM

What is Boner getting out of this horrible deal? What does he make?

Oil Can on August 1, 2011 at 2:19 PM

I’m so tired of trying to keep up with this whole thing I just want to scream.

Sometimes I wish I was like my co-workers who care more about Justin Bieber than the debt ceiling.

Okay maybe not but sometimes being oblivious would be nice for a day or so.

gophergirl on August 1, 2011 at 2:16 PM

We all know people like that who go through life blissfully ignorant that their country is going to ruin, while I go through life fretting, worrying, and stewing about it. I don’t know which is worse.

silvernana on August 1, 2011 at 2:21 PM

What does he make?

Oil Can on August 1, 2011 at 2:19 PM

Hopefully he’ll take the “Satan Sammich” that the Tea Party gave to the Lib’s….. turn it into a turdburger and feed it to Obama.

Key West Reader on August 1, 2011 at 2:21 PM

KWR: If the deal falls apart now, EVERYONE is going to take huge blame.

Scott H on August 1, 2011 at 2:22 PM

Scott H on August 1, 2011 at 2:19 PM

I wish I had something like that to keep my mind off of this other than retail therapy – that gets expensive LOL!

My poor mother is going to have a hearattack if this doesn’t get settled soon. My mild mannered mother let a few choice words fly in Obama’s direction the other day. I was so proud.

gophergirl on August 1, 2011 at 2:23 PM

We all know people like that who go through life blissfully ignorant that their country is going to ruin, while I go through life fretting, worrying, and stewing about it. I don’t know which is worse.

silvernana on August 1, 2011 at 2:21 PM

Yep exactly!

gophergirl on August 1, 2011 at 2:24 PM

Another rather un-tasty morsel

Deal only affects 2% of cuts before the re-election of Obama? From WZ and Zero Hedge

Key West Reader on August 1, 2011 at 2:24 PM

I had Boehner’s press conference streaming and it got cancelled unexpectedly.

gophergirl on August 1, 2011 at 2:18 PM

Neil Cavuto compared it to, getting to the table to sign your mortgage loan, and finding out a lot of stuff you don’t like in it. Things you weren’t told about, when you were being sold on the deal. He said usually when this happens, the folks don’t find out till after the fact, this time they are finding out before they sign the papers.

I won’t be surprised if this falls through.

Dr Evil on August 1, 2011 at 2:24 PM

KWR: If the deal falls apart now, EVERYONE is going to take huge blame.

Scott H on August 1, 2011 at 2:22 PM

Scott, it’s like I said last week.

The last chamber to hold the rotten egg loses. The Dems will load their ‘final bill’ with a poison pill.

Guess who holds the rotten egg right now.

fossten on August 1, 2011 at 2:24 PM

Please Tea Party members, Make Boehner cry!

meci on August 1, 2011 at 2:25 PM

EVERYONE is going to take huge blame.

Scott H on August 1, 2011 at 2:22 PM

They’re going to downgrade us anyway and I’ve been called a racist a billion times. Who cares?

Quash the deal, tell Obammy he’s got $500b clean and then re-do this thing from page one. He’s the one who will lose when he has a tantrum on live television.

Key West Reader on August 1, 2011 at 2:25 PM

I wish I had something like that to keep my mind off of this other than retail therapy – that gets expensive LOL!

gophergirl on August 1, 2011 at 2:23 PM

I know what you mean. I can only use so many golf clubs.

fossten on August 1, 2011 at 2:25 PM

gophergirl: Oh, believe me, it’s interesting either way.

But yeah… if this fails, what happens?

Scott H on August 1, 2011 at 2:26 PM

fossten: Perhaps, but NEITHER chamber has passed this current bill.

And you know something? I don’t really care if the House is blamed, because I don’t see how I lose if they do. The only issue is if Obama can somehow use this to get reelected, and I’m not seeing it, from the reactions of what I’ve seen and heard.

KWR: I meant everyone in DC. WH, Senate, and House. Everyone loses.

Scott H on August 1, 2011 at 2:28 PM

fossten: Perhaps, but NEITHER chamber has passed this current bill.

And you know something? I don’t really care if the House is blamed, because I don’t see how I lose if they do. The only issue is if Obama can somehow use this to get reelected, and I’m not seeing it, from the reactions of what I’ve seen and heard.

Scott H on August 1, 2011 at 2:28 PM

Now THAT’S a mindset I can get behind. Good post.

fossten on August 1, 2011 at 2:30 PM

Kill this and send them the Connie Mack Penny Plan. How can anyone argue they will miss one penny out of every dollar the government takes in. Try to convince the American people of that.

derft on August 1, 2011 at 2:30 PM

KY jelly, Vasoline…

… or do we just ask them to spit on the tip?

Seven Percent Solution on August 1, 2011 at 2:12 PM

7%: I’ve never been lubricant before. I’m not sure why this time would be any exception….

Scott H on August 1, 2011 at 2:13 PM

Greece is the word.

Chip on August 1, 2011 at 2:31 PM

gophergirl: Oh, believe me, it’s interesting either way.

But yeah… if this fails, what happens?

Scott H on August 1, 2011 at 2:26 PM

I don’t know. I think we’ll get a week increase but with Obama – who knows.

I know what you mean. I can only use so many golf clubs.

fossten on August 1, 2011 at 2:25 PM

It’s a good thing I’m not a huge drinker :)

gophergirl on August 1, 2011 at 2:31 PM

Comment pages: 1 2 3