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Lindsey Graham Steps Up (Am I in a parallel debt ceiling universe???)
http://www.fitsnews.com/2011/07/21/lindsey-graham-steps-up/?utm_source=twitterfeed&utm_medium=twitte ^ | 7/21 | fitnews

Posted on 07/21/2011 7:56:07 AM PDT by RummyChick

At a closed door meeting of U.S. Senators and limited government advocates in Washington, D.C. earlier this week, there was an unlikely attendee … and an unlikely champion for the adoption of an uncompromising position on the ongoing debt ceiling debate.

His name? Lindsey Graham.

“He was the most aggressive voice in the room,” one of the meeting’s attendees told FITS.

Wait … Lindsey Graham? The most liberal Republican in Washington, D.C.? The “third Senator from New York?”

That’s right … for the time being, Graham isn’t focused on his prior collaboration with U.S. Sen. John Kerry (D-Massachusetts) on energy tax hikes. Nor is he spending much time working on amnesty legislation with U.S. Sen. Charles Schumer (D-New York).

Instead, Graham is meeting regularly with Tea Party leaders like U.S. Sen. Rand Paul (R-Kentucky) and Jim DeMint (R-SC) – urging them to stand their ground against raising the debt ceiling from $14.3 to $16.7 trillion without concessions.

While our sources declined to elaborate on the specific debt ceiling strategy that Graham advocated at this meeting, they said that he gave an impassioned speech that in no uncertain terms recommended calling U.S. President Barack Obama’s bluff.

“Jaws were on the floor,” one of the meeting’s attendees told FITS.

(Excerpt) Read more at fitsnews.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; Politics/Elections
KEYWORDS: graham
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and this came out on Twitter

scrnnews SC Radio News Team Congress GOP holds press conference today asking Senate to follow House in passing Cut, Cap, Balance. Includes Lindsey Graham, Jim DeMint.

1 posted on 07/21/2011 7:56:16 AM PDT by RummyChick
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To: RummyChick

Linsey is ready for his close-up, Mr DeMille

Are the cameras running?


2 posted on 07/21/2011 7:57:51 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: RummyChick

I’d say that Lizzy can KMA, but she just might!


3 posted on 07/21/2011 7:58:14 AM PDT by Grunthor (Faster than the speed of smell.)
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To: RummyChick
(Am I in a parallel debt ceiling universe???)

No, you're in the universe where the Republicans now have their own compromising photos of Lindsey.

4 posted on 07/21/2011 7:58:24 AM PDT by vbmoneyspender
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To: RummyChick

Okay..what’s happened???

“While our sources declined to elaborate on the specific debt ceiling strategy that Graham advocated at this meeting, they said that he gave an impassioned speech that in no uncertain terms recommended calling U.S. President Barack Obama’s bluff.”

“Graham’s South Carolina consultant, Richard Quinn, says that Graham is firmly committed to the “cut cap and balance” proposal that cleared the U.S. House of Representatives earlier this week. That plan calls for the adoption of a balanced budget amendment and a cap on the growth of government in future years – as well as modest immediate cuts.”

Will he convert because of this:

“Locally, it impacts what is shaping up to be one of the most anticipated electoral battles in South Carolina history. In 2014, Graham is likely to be challenged by S.C. Senator Tom Davis (R-Beaufort), the leading fiscal conservative in the S.C. General Assembly.”

Or does someone on our side have better blackmail evidence than the Dem side??

It’s just too weird.


5 posted on 07/21/2011 7:58:32 AM PDT by RummyChick
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To: RummyChick

Maybe the spell was broken when Kennedy died.


6 posted on 07/21/2011 7:59:54 AM PDT by DManA
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To: RummyChick

This is a sham. Lindsay is the appointed democrat in the room like Specter used to be so the democrats know what the republican plan is.


7 posted on 07/21/2011 8:01:21 AM PDT by cotton1706
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To: RummyChick

“I can be anything the mathter wanth me to be . . .” whispered the oiled catamite from the bath house shadows.


8 posted on 07/21/2011 8:01:32 AM PDT by Psalm 144 (Voodoo Republicans: Don't read their lips - watch their hands.)
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To: vbmoneyspender
from the comments

That picture looks like a drunk Graham hitting on someone in a gay bar.
9 posted on 07/21/2011 8:01:49 AM PDT by RummyChick
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To: vbmoneyspender

“No, you’re in the universe where the Republicans now have their own compromising photos of Lindsey.”

Really. We must have caught him with a live AND dead boy.


10 posted on 07/21/2011 8:01:57 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: RummyChick

“It’s just too weird.”

Yeah and I don’t trust Graham any farther than I could throw him...


11 posted on 07/21/2011 8:02:00 AM PDT by el_texicano (Palin 2012 - Viva la Palainistas - Viva la Barracuda!!!)
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To: silverleaf
"Linsey is ready for his close-up, Mr DeMille

Are the cameras running?"

She's more than ready...



12 posted on 07/21/2011 8:02:22 AM PDT by avacado
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To: RummyChick

Obviously he heard I was moving to SC and is afraid.


13 posted on 07/21/2011 8:02:59 AM PDT by perfect_rovian_storm (It is terrible to contemplate how few politicians are hanged. -- G.K. Chesterton)
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To: cotton1706

He is going to be on Hannity tonight to discuss it.


14 posted on 07/21/2011 8:02:59 AM PDT by RummyChick
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To: RummyChick

Although I never watch Hannity anyway, I never watch any show with Lindsay Graham on it. Not a single word out of his mouth should be listened to by anybody. He’s an opportunistic democratic schill.


15 posted on 07/21/2011 8:07:46 AM PDT by cotton1706
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To: cotton1706

Every now and again ‘lil Lyndsey gets it right, and when he does, he usually does a great job. The other 99% of the time, he is a complete embarrassment and disaster.


16 posted on 07/21/2011 8:09:37 AM PDT by ilgipper (political rhetoric is no substitute for competence (Thomas Sowell))
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To: cotton1706

http://lgraham.enews.senate.gov/common/mailings/index.cfm?sniv=2100075268.221052.1.1

“It’s time we bring discipline to the way Congress spends. Now is the time to insist on a Balanced Budget Amendment to the Constitution before our country becomes Greece.

Simply stated, no more borrowing until we agree to balance.”


17 posted on 07/21/2011 8:09:55 AM PDT by RummyChick
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To: RummyChick
Okay..what’s happened???

Had to be a prayer or a promise, perhaps, or a bribe?

18 posted on 07/21/2011 8:11:14 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: RummyChick

He’s just posing for sound-bite pics for re-election . . . no to worry!


19 posted on 07/21/2011 8:12:40 AM PDT by laweeks
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To: RummyChick

yep


20 posted on 07/21/2011 8:14:11 AM PDT by commonguymd (Freedom is a myth anymore it seems)
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To: RummyChick

Dang..Graham getting on Iran’s case, too

http://www.youtube.com/watch?v=Fed5yB82cNQ&feature=share

Letting Iran get Nuclear weapons is emptying Pandora’s box.

and this:

“Our prob­lem is we made a big deal about this for three months. How many Repub­li­cans have been on TV say­ing, ‘I’m not going to raise the debt limit.’ You know, Mitch [McConnell] says, ‘I’m not going to raise the debt limit unless we talk about Medicare.’ And I’ve said I’m not going to raise the debt limit until we do some­thing about spend­ing and enti­tle­ments.’ So we’ve got nobody to blame but ourselves.

“We shouldn’t have said that if we didn’t mean it.”

I think Little Boy Lindsey is worried about reelection..and it is still years away.


21 posted on 07/21/2011 8:14:20 AM PDT by RummyChick
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To: cotton1706

Hannity isn’t so bad. But the show Fox replaced Beck with — “5 at 5” — is unwatchable. Whenever Beckel opens his mouth, my cats start screaming. What was Fox thinking?


22 posted on 07/21/2011 8:15:05 AM PDT by pabianice
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To: RummyChick

He’s just posing for sound-bite pics for re-election . . . no to worry!


23 posted on 07/21/2011 8:15:27 AM PDT by laweeks
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To: RummyChick

And low the senator doth sleep and dream. and a vision appeared, in the shadows on the wall. And a voice was heard deeply and resonately speaking in the hollowed sanctuary. “ Senator, doest thou seeketh another term?”

then there was a light and there on the wall was revealed writing..... “cut....cap....balance “


24 posted on 07/21/2011 8:16:47 AM PDT by bert (K.E. N.P. +12 ....Flash mobs are trickle down leftwing REDISTRIBUTION))
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To: RummyChick

You hit the nail on the head. Lindsey is taking a page out of the McCain playbook for re-election. Pretend to be a tea party conservative.


25 posted on 07/21/2011 8:17:25 AM PDT by Jess79
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To: RummyChick

I applaud Sen Graham for getting this one right.
He said something last week that if we draw a line in the sand, we ought to mean it. Apparently, he has figured it out - we can stand up to Obama and get the deal we want, if we hold firm.

Call your Senators.
There will be a Saturday vote on Cut Cap and balance.
we need 50 votes in the Senate - every Republican and 3 Democrats...

http://action.freedomworks.org/email/view/1493/


26 posted on 07/21/2011 8:17:51 AM PDT by WOSG (Cut the spending!)
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To: bert

HA!

Rush said something like all he needed to know was who was for the Gang of Six and that Demint was against it. He knew it wouldn’t pass.

Demint is tweeting about the Gang of 234

http://www.usatoday.com/news/opinion/editorials/2011-07-20-Dont-go-with-Gang-of-Six_n.htm


27 posted on 07/21/2011 8:18:43 AM PDT by RummyChick
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To: RummyChick

IT’S A TRAP.

A feminine, limp trap.

But a trap nonetheless.


28 posted on 07/21/2011 8:20:21 AM PDT by LyinLibs (All moslems are somewhere on the killing-you spectrum)
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To: RummyChick
In other strange news, John Cornball (RINO)TX staffers are quoting almost the exact "line".

Hmmm.

29 posted on 07/21/2011 8:20:52 AM PDT by Jane Long (2 Chron 7:14)
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To: RummyChick

Hatch has been talking like a tea partier too.

What a shock—US Senators value their re-election over their, er, ah...principles?


30 posted on 07/21/2011 8:21:55 AM PDT by 9YearLurker
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To: vbmoneyspender

“The Republicans now have their own compromising photos of Lindsey.”

My favorite photoset is “Lindsey + Larry (Sinclair).”


31 posted on 07/21/2011 8:22:50 AM PDT by LyinLibs (All moslems are somewhere on the killing-you spectrum)
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To: pabianice

The tried and true is to record Cavuto at 4:00 and watch at 5.

Cavuto is the best there is and has really great guests.

The ignorati here, that is all the Fox bashers who are like the Rush bashers who never listen, have never watched Neil

Neil is the best of the best


32 posted on 07/21/2011 8:23:11 AM PDT by bert (K.E. N.P. +12 ....Flash mobs are trickle down leftwing REDISTRIBUTION))
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To: RummyChick

Liberalsy Graham so destroyed his credibility with me that if he takes ANY position, I am instantly against the position.


33 posted on 07/21/2011 8:23:46 AM PDT by Lazamataz (If you pet a tiny goose, you will feel a little down.)
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To: RummyChick

Like any good suicide bomber he has to get up close to his targets before he pulls the pin...


34 posted on 07/21/2011 8:25:56 AM PDT by rockrr (Everything is different now...)
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To: silverleaf

LOL!!!


35 posted on 07/21/2011 8:30:50 AM PDT by Dave W
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To: rockrr

Check out this group doing a dance of American Pride

http://www.youtube.com/watch?v=aO1Azk23iC0


36 posted on 07/21/2011 8:31:18 AM PDT by RummyChick
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To: RummyChick

“Okay..what’s happened???”

He knows it won’t make it through the Senate and he’s posturing to look like a re-electable conservative.


37 posted on 07/21/2011 8:32:36 AM PDT by freeangel ( (free speech is only good until someone else doesn't like it)
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To: RummyChick
Nah. He's a career politician and this is the way the wind is blowing today. That's all.

38 posted on 07/21/2011 8:33:41 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: vbmoneyspender
Has to be, someone has pictures with him and the Mexican lawn boy.
39 posted on 07/21/2011 8:36:29 AM PDT by org.whodat
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To: bert

Agreed.


40 posted on 07/21/2011 8:38:09 AM PDT by Dave W
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To: Jane Long

What’s going on?


41 posted on 07/21/2011 8:42:56 AM PDT by Principled
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To: RummyChick

“He is going to be on Hannity tonight to discuss it.”

Yeah, he doesn’t think it has a chance- rooting for it will give him cover when he jumps for a “bipartisan compromise”.

Meanwhile he’ll milk it for all the conservative color he can get.

Gosh, look at how many Freepers are missing the Kabuki aspect of this.... probably just haven’t had their ration of coffee yet... still groggy!


42 posted on 07/21/2011 8:46:32 AM PDT by mrsmith
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To: RummyChick
Rush said something like all he needed to know was who was for the Gang of Six and that Demint was against it. He knew it wouldn’t pass.

I know this link is from NPR, but some interesting info:

What Happens If U.S. Bond Ratings Are Downgraded?

If the credit rating agencies downgraded the U.S., what would be the immediate impact?

Truman: If there is a default in some form, there would be a tendency for interest costs and credit costs and other costs of the government doing business to rise. In some sense, the credit rating agencies' downgrade would just be a reflection of that. It also raises some questions about the quality of the credit going forward, even if the situation is cured.

Dago: The general impact would be negative for the U.S., which has enjoyed a AAA bond rating from Standard & Poor's for 70 years. We would see an increase in the yields and thus an increase in the borrowing costs throughout the markets. There would be a lot of volatility and uncertainty, but the general movement of yields would be up.

Weisbrot: I'm not sure it would have any impact. When you look at the bond market 10-year U.S. treasuries, for example where is it today? In the light of all this hype about debt ceilings and possible defaults, it's at 2.93 today, so this is an extremely low interest rate in both nominal and real terms. It means that everyone in the world is willing to hold these bonds and is not the least bit worried about the possibility of a default. So, investors haven't changed their view of the creditworthiness of the United States at all, and I don't think they're likely to in the foreseeable future.

Specifically, how would it affect Wall Street and global markets?

Dago: There would be a big psychological impact in the sense that the U.S. has generally been considered a safe haven for investors, and if the traditional safe haven suddenly decides that it is unable to finance its debt, it would have dramatic consequences not only in the U.S., but also in the global markets.

Weisbrot: Well, you never know. Markets can be irrational. It's like what [John Maynard] Keynes said they're looking at what other investors might think, instead of what they themselves think. And they might think other investors are really stupid and actually believe that there's some reason to think that the United States could default on its debt. With that proviso, I think you're much more likely to see what you're seeing now, which is that the bond markets are completely ignoring all of this discussion - as they should because the probability of a default on the U.S. debt has not increased from where it was two years, five years, 10 years or 50 years ago.

Truman: It's very unpredictable what would happen, but I'm confident it would not be good, just because the complexities of doing business would be increased. So, they will say 'if the United States can default on its debt, any country can default on its debt.' Therefore, the cost of borrowing for Canada, Japan, as well as Thailand and Mexico goes up. But one needs to distinguish between what is a technical thing - if the Treasury can't get its checks out on Aug. 2 or 3, but the problem is fixed by Aug. 4, well, that probably will be nothing. It will have a lingering effect on the markets, but I think it will be largely nothing in terms of the overall U.S. and global financial system.

In the case of a downgrade, what would it take to recover a AAA rating from the agencies and how soon could that happen?

Truman: It could happen very quickly, especially if it was only a technical matter. But if the Congress and the administration just kick the ball down the road and don't do anything about our medium-term fiscal situation, then that would also have implications for the long-term credit rating of the United States.

Weisbrot: You'd have to ask the credit rating agencies on that, because what they are doing doesn't really make sense from an economic point of view. So, it's really a question of their politics. They're intervening in a political sense. They are intervening in the debate, politically.

Dago: I personally think a downgrade would be temporary and very short term. The reason for that is that if, unfortunately, we go beyond this debt-ceiling limit, there will be tremendous pressure on politicians from both sides of the aisle to increase the debt ceiling once we've reached it. So, I think as soon as we've raised that debt ceiling, the credit rating agencies would revert back to a AAA bond rating.

Why should we even care what the credit rating agencies have to say considering how wrong they have proven to be in the recent past?

Weisbrot: It's clear they are not a reliable source of information. These are the same credit rating agencies that gave AAA ratings to mortgage-backed securities that turned out to be almost worthless in some cases and enormously overrated in other cases. They were as wrong as you could possibly be and wrong in a way that anybody who could do arithmetic could see was wrong at the time. So, why should we take them seriously?

Dago: Credit rating agencies are the benchmark in terms of the relative risk of specific sovereign bonds.

Truman: (laughs) You see this more in Europe than in the United States. They criticize the credit ratings. Every time Greece is downgraded, Ireland is downgraded or Portugal is downgraded, officials come out and say 'they don't know what they're doing, there ought to be some rule that you can't downgrade a country in the middle of an international support program. On the other hand, they turn around and say 'we only accept as collateral assets of a certain quality.' The fact that they're cursing the credit rating agencies on the one hand and then kowing to them on the other hand would be amusing if it weren't so serious.
43 posted on 07/21/2011 8:50:59 AM PDT by Eagle of Liberty (Shaking My Head on a daily basis)
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To: RummyChick

Isn’t Graham from South Carolina, the target of the Obama administration union battle over Boeing???

Oh, Obama is targeting South Carolina in other ways, as well.

Patty Murray has Obama’s third stimulus bill sitting in committee, waiting for the debt ceiling to be raised and spending green lighted once again. The bill (S, 942) is an grant for transportation (rail/port projects) called “Gateways”. South Carolina happens to have one of these Gateways, but all it lacks is funding for dredging the port. Graham has been working on getting this funding for about three years. Patty Murray’s bill specifically denies money for dredging.

Graham is spitting mad.


44 posted on 07/21/2011 8:51:54 AM PDT by Eva
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To: RummyChick

Wow! Thanks for posting. That was pretty amazing.


45 posted on 07/21/2011 8:57:10 AM PDT by houeto
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To: RummyChick

Maybe Graham has realized what everyone reading this has known for a month: the VAST majority of Americans want to take the tough approach.

Polls (real polls, not the spin ones) show nearly 70% of Americans don’t want to raise the debt ceiling. Even a majority of self-identified Democrats don’t want to raise it.

The one thing RINO’s have in common is they are “sensitive” about swing voters (aka moderates). It looks like the message has finally gotten through to the RINOs, even the moderates want to go the tough love route.


46 posted on 07/21/2011 8:58:10 AM PDT by Brookhaven (Herman Cain knows computers, math, missiles, banking, burgers, pizza, gospel music, & Coca-Cola)
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To: RummyChick
Now is the time to insist on a Balanced Budget Amendment to the Constitution

And there it is. Graham's taking this stance in hopes it will open up the Constitution for the compete raping and pillaging that liberals have been salivating for.

47 posted on 07/21/2011 9:00:14 AM PDT by liberalh8ter
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To: RummyChick

“The third Senator from New York.” Well, I’m glad to know who now holds Bob Packwood’s old seat. A fitting successor.


48 posted on 07/21/2011 9:11:12 AM PDT by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: RummyChick; MinuteGal; gonzo; mcmuffin; Jim Robinson; holdonnow

Let’s not forget that it was Lindsey Graham who double-crossed us when we impeached Clinton. He’s the main culprit who stood in the way of removing him from office after pretending to be on our side all the way. This didn’t come out until months after the fact, long after we “honored” him at the House Managers’ Dinner in DC).

I wouldn’t trust him (or any of the other “ruling class” RINOS), any farther than I could throw him. He and McCain both are snakes.


49 posted on 07/21/2011 9:23:05 AM PDT by Matchett-PI ("I used to think Obama was an empty suit but now I think he has filled his pants." ~badgerlandjim)
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To: cotton1706

You got that right!!! bttt


50 posted on 07/21/2011 9:24:59 AM PDT by Matchett-PI ("I used to think Obama was an empty suit but now I think he has filled his pants." ~badgerlandjim)
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