Skip to comments.Reid alters debt plan to attract GOP support (Give Reid the same courtesy, FILIBUSTER IT!)
Posted on 07/29/2011 8:58:12 PM PDT by tobyhill
Senate Majority Leader Harry Reid (D-Nev.) has revised his plan to raise the debt limit in a last-ditch bid to attract Republican support.
The biggest change is that Reid would give the president almost unilateral power to raise the debt limit, borrowing an idea introduced by Senate Republican Leader Mitch McConnell (R-Ky.).
Reid would have President Obama request a $2.4 trillion debt-limit increase in two installments of $1.2 trillion each. The requests would be subject to congressional resolutions of disapproval, but these would do little to restrict the president.
(Excerpt) Read more at thehill.com ...
Here comes the planned switcheroo...
Congressional Responsibility Abdication Plan
Geesh, I predicted in a vanity not 12 hours ago that this is EXACTLY what would happen. I kind of hoped I’d be wrong, and sure as hell didn’t think I’d be right this soon.
All juvenile “Buck Fush”-ness aside, Reid’s plan is a joke. It is a complete abdication of responsibility. In other words, it’s a Democratic dream.
The Republican establishment ruling class always was going to give Obama what he wants. They knew that those upstart tea party people would be allowed to play a little, but in the end it would them who would prevail. Just like it always was.
The most important races in 2012 will not be in November. They will be in the primaries when these elitists will have to face tea party challengers.
“The proposal I have put forward is a reasonable compromise,” Reid said. “It gives Democrats what they want, and it gives Republicans what they want. If we do nothing, our country will fail to pay its bills for the first time in history. Social Security checks could stop. Paychecks to our troops could stop.”
They only stop if the Messiah commands it.
HR does not have a filibuster rule.
This is Alice in Wonderland stuff. How does a “Resolution of Disapproval” and a failure to pass one, somehow translates into a Resolution of Congress to Approve the President’s Request for a Raise in the Debt Ceiling?
On a similiar note, it just grates that this is coming from Dingy Harry Reid, who should have been kicked to the Senate curb by Nevada voters last Nov. We might have been able to take the Senate but it is a travesty that this lickspittle prick is still in charge.
This is suppose to make it better???
No, but the House Republicans can vote NO and defeat it.
I am sick of this kabuki theater crap!
Throw all the bums out!
Reid would give the president almost unilateral power to raise the debt limit, borrowing an idea introduced by Senate Republican Leader Mitch McConnell (R-Ky.). Reid would have President Obama request a $2.4 trillion debt-limit increase in two installments of $1.2 trillion each. The requests would be subject to congressional resolutions of disapproval, but these would do little to restrict the president.
Hell, give it to him. Whats the difference anyway. What’s the point of investing in so called Tea Party candidates, when all DC has to do is turn them. We make the investment, DC gets the return.
We make the investment of electing them, DC gets the return.
We get nothing.
If it takes Nobama without any budget at all for his first term the dems are on board. Thats the deal.
Reid is at least 2 RINOs short right now.
Tell him it’s dead in the House before he even sends it over.
Boehner and Reid have been doing backroom deals for some time now.
No, it's the rope by which we hang ourselves....oppose this poison pill and the Dems have an instant, "But it was YOUR IDEA!!" soundbyte ready for play from here to eternity.
Thanks for nothing, Mitch.
Why do we even have a Congress, if they’re just going to roll over and let Obama do whatever he pleases? What is the hold this overgrown child has over the American people??
I can’t believe what I’m seeing. What happened to America??!!
” Resolution of Disapproval
Or they could just fart in their general direction.
I mean, contemplate that. I live in California, we've got hell of a high sales tax rate (8.75 percent.) Over half again as much of every dollar earned, Obama wants to borrow.
Let's put it another way. Obama wants to borrow over the next fifteen or so months the entire gross domestic product of the UK! Each installment is equal to the entire GDP of Australia.
The House needs to do one thing, and one thing only. Daily vote to slash the federal budget. Flood the senate with bill after bill after bill which they have to table, and watch the fur fly as a defacto balanced budget restriction falls upon the federal government as they're forced to use taxes as they come in rather than borrow more money.
I mean, it's a joke. The United States wants to borrow 2 cents of every dollar made anywhere on the planet per year. To have a budget deficit that is equal to one third of the entire GDP of Germany, or a quarter of China's. This just boggles the mind.
Republicans are now going to fold because they’re afraid Chrissy Matthews will say mean things from them. Boehner will appear on Rush and Laura and make some rationalization that will amount to “But we’d get the blame if we stood in the way.”
It’s that standing in the way that you’re being paid to do.
I don’t hate Boehner the way some here seem to, but he had a taste of doing the right thing and now he’s folding.
Republicans are now going to fold because theyre afraid Chrissy Matthews will say mean things from them.Wanna bet?
If Reid’s plan or a variation of it is approved, the USA will very rapidly become Greece or Argentina. Interest rates will shoot up. The bond rating will be downgraded (a near certainty as it is.) The dollar will continue to decline.
You cannot borrow and spend beyond your means forever. The Tea party approach is the last possibility of reducing spending voluntarily. The Dems do not care they are only concerned with power and reelection in 2012
Reid is at least 2 RINOs short right now.
No worry, the rest of the rino herd will soon appear.
Tell him its dead in the House before he even sends it over.
Good point. That’s how we know the fix was in already.
Boner, tell Dingy that his bill is DOA
Won’t happen, the same Tea Party house members that voted for Boner’s bill, (kinda like Ron Paul’s earmarking scams) will now vote against dingy harry’s, but there will be enough pubbies + dems to vote yes and get it passed.
I smell a Boner rat set up here. The GOP is now officialy the party of surrender monkey wimps.
(L to R: Obama, Boehner, Reid)
Nobody in DC wants to correlate the rising debt ceiling with declining jobs.
The rising debt ceiling has two consequences....
more regulation ...
to occupy employees in expanding federal bureaucracies...which expand because they have more money and another layer of bureaucrats need their 20 year promotions... Each round of regulatory expansion is the effective equivalent of another targeted tax increase on the object of the regulation.
The rising debt ceiling has demands and expectations of creditors for new elements of revenue raising by the Feds...taxes or fees.
In this strangling environment job creation is simply NOT possible.
In fact the only logical conclusion..can be ..is that the Federal apparatus -initially an asset to the United States..by virtue of its abilities to raise an effective Navy in the late 1700s, and early 1800s to facilitate overseas trade on behalf of the States, has become nothing other than the States greatest liability at this point in time. In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line.
For DC to face this fact...means the end of the K St-Congressional Party cycle in DC
Congress is worse than worthless. It needs to collapse. It is a stain and drain on the country.
Exactly right,The establishments goal here was to Marginalize the Tea Party. They have suceeded in getting them Blamed for holding up the deal,all the time Meeting in secret to ready the final sellout with the Rinos and Left wing democrats .
Sure - give away the plot line! Wreck the suspense for everybody!
Just wanted you to see that a certain poster hasn’t been posting.
You were one of the ones that agreed that something was odd about her.
She sure towed the Boehner party line.