Clinton to Obama: Don't blink on debt ceiling showdown

CNN ^ | July 3, 2011 | Pamela Sellers

[bobk333]

"This is the political equivalent of the government shutdown when I was president," Clinton said. "The White House could blink. I hope not."

Clinton made his argument in front of a large crowd at the left-leaning Aspen Ideas Festival in Colorado Saturday. Should the United States default on its payments, the country's credit ratings will decline, Clinton said, and interest rates could rise.

Growing anti-government forces like the Tea Party are truly affecting healthy government reform, Clinton said. "It's astonishingly good politics," he admitted, "but poor economic policy."

[randita]

So far, polls show that a majority is with the GOP on this issue. They don’t want the debt ceiling raised. They want government cut and they want steps taken to pay down the debt.

But the parade of sob stories hasn’t begun yet and the tide of public opinion can change.

I hope and trust that the GOP has a counter strategy when the sob stories appear. I think they do.

The best counter is to point to the debt we’re saddling our children and grandchildren with, but in this “me first and only” generation of the FSA, that appeal may fall on deaf ears.

[LibLieSlayer]

There is only one party in DC now and they BOTH stand for the same immoral and unethical corruption... and the saddest part is this is not a statement made out of anger at republican inaction... it is the truth.

LLS

[LibLieSlayer]

RAPIST and pervert.

LLS

[AD from SpringBay]

The situation is different this time and Clinton knows it is different this time. Obama has a political tin ear, whereas Clinton, for all his Clintonesq crap, has a way of not only sensing the tune, but then turning around and calling it. This time he is calling it for Obama. This time, if the Government ‘shuts down’ Obama will take the fall.

[LibLieSlayer]

The republican leadership will do nothing... they will not act... they will not confront... they will not defend. As trent lott said when challenged as to why he was not defending republican positions and countering democrat propaganda... and why as defacto leader he was not defending the party... he said... “THAT IS NOT MY JOB”. Well... that is exactly why we will see no defense or offense... that and the fact that the current leadership supports obama and his agenda behind the scenes. All that you and I will get is rhetoric with nothing backing it up... fiat words.

LLS

[LibLieSlayer]

Who will loan money when the government has legislated that many of those loans do not have to be repaid?

LLS

[LibLieSlayer]

Impeachment starts in the House and the Senate holds a trial... The House indicts... the Senate tries.

LLS

[Jim Noble]

I hope Boehner and the Republicans don't blink.

What did the Easter Bunny bring you this year?

[LibLieSlayer]

TRENT LOTT would not remove clinton from office... and that is what stopped his expulsion... and they had the dirt on old trent... and they still do. He is guilty of many things... look up his Brother-in-Law dickie scruggs... trent and dickie arejustthisclose.

LLS

[Jim Noble]

The Senate rinos would not remove the scum bag from office

There were 55 Republicans in the US Senate, and 45 Democrats. Removal from office would have required 67 "guilty" votes.

The fact that five Republicans voted against conviction on all 3 charges was of no importance in the grand scheme of things.

Removal from office would have required between 12 and 17 Democrats, and that was never a possibility.

I would say that the Clinton impeachment was probably (politically) a mistake.

[Jim Noble]

TRENT LOTT would not remove clinton from office... and that is what stopped his expulsion

How did Trent Lott prevent the necessary 12-17 Democrats from voting to convict?

Clinton was NEVER, NEVER, NEVER going to be removed from office by a 55-45 Senate, with or without RINOs and with or without Trent Lott.

[Eric in the Ozarks]

Got it !

[rbg81]

Who will loan money when the government has legislated that many of those loans do not have to be repaid?

---

Not sure it will happen exactly that way as lending would stop altogether. What is more likely is hyperinflation was the Government prints more $$ to “create” prosperity. The effect will be almost the same—existing debt will lose much of its original value.

[rbg81]

Who will loan money when the government has legislated that many of those loans do not have to be repaid?

---

Not sure it will happen exactly that way as lending would stop altogether. What is more likely is hyperinflation was the Government prints more $$ to “create” prosperity. The effect will be almost the same—existing debt will lose much of its original value.

[mewzilla]

America's Ruling Class -- And the Perils of Revolution

Differences between Bushes, Clintons, and Obamas are of degree, not kind.

[VRW Conspirator]

I would say that the Clinton impeachment was probably (politically) a mistake.

Agreed. Waste of time and political capital.

[FrankR]

[LibLieSlayer]

trent lott told Henry Hyde not to “bring that trash into MY Senate Chamber"... I remember Henry and his aide walking across that grass knoll that led to the Senate... trent would not meet with them. You may be 100% correct in your assumption that they votes were not there... as we all know rats will group together to protect one another... a trait completely missing in the spineless gop... but to say that trent lott did not block the actions that would have led to a vote are wrong. Our two points are not mutually exclusive.

LLS

[LibLieSlayer]

I knew that you knew that! :-)

LLS

[LibLieSlayer]

True... good points.

LLS