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LIVE COVERAGE: Congressional Debt Ceiling Showdown
Business Insider ^ | 7/30/11 | Zeke Miller and Joe Weisenthal

Posted on 07/30/2011 8:38:07 AM PDT by silentknight

10:56am | Good Saturday morning.

The House and Senate will convene at 1pm today. The House will likely go out of session after a vote on the Reid plan to raise the debt limit, while the Senate will stick around until 1 am Sunday to vote to end debate on the plan.

Read more: http://www.businessinsider.com/live-coverage-congressional-debt-ceiling-showdown-2011-7#ixzz1TbPkr4wi

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


TOPICS: Breaking News; News/Current Events; Politics/Elections
KEYWORDS: 112th; 2012budget; boehner; budgetbattles; ceiling; debt; debtceiling; debtdeal; debtdealshowdown; debtlimit; default; house; mcconnell; obama; reid; senate
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1 posted on 07/30/2011 8:38:13 AM PDT by silentknight
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To: silentknight

10:57am | Boehner calls Reid bill “dead on arrival” in the House:

From Speaker of the House John Boehner’s blog:

“Today the House of Representatives will bring up – and defeat – Senate Majority Leader Harry Reid’s debt limit legislation. This vote will demonstrate that the Reid bill cannot pass the House. This will also expose any Senate vote on the Reid bill as a pointless political exercise that squanders precious time as the specter of a job-crushing default looms.”

Read more: http://www.businessinsider.com/live-coverage-congressional-debt-ceiling-showdown-2011-7#ixzz1TbPriFIj


2 posted on 07/30/2011 8:38:41 AM PDT by silentknight
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To: silentknight

11:00am | Snowe calls for compromise.

Sen. Olympia Snowe (R-ME), a moderate Republican Reid hopes to bring over to support his proposal has released a statement calling for bipartisanship to end the negotiating impasse.

“Time is of the essence, and the moment has long since arrived for shelving politics and instead striking the right policy. Hopefully now all sides will work together in an expeditious manner to work out the issues and bring us closer to agreement. I do find it rather ironic that for this entire year, this Senate, described as ‘least productive’ at a time that coincides with one of the most challenging economic periods of our nation’s history, has done nothing substantial, rejecting numerous opportunities to pursue policies important to our job creation, boosting our economy, and doing what is right for the fiscal stability of our nation.”

Read more: http://www.businessinsider.com/live-coverage-congressional-debt-ceiling-showdown-2011-7#ixzz1TbPriFIj


3 posted on 07/30/2011 8:39:13 AM PDT by silentknight
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To: silentknight

Snowe wants to fold and help Dingy Harry out, but I think her wishes are dead in the House.


4 posted on 07/30/2011 8:42:19 AM PDT by Cicero (Marcus Tullius.)
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To: silentknight

>>>Sen. Olympia Snowe (R-ME), a moderate Republican Reid hopes to bring over to support his proposal has released a statement calling for bipartisanship to end the negotiating impasse.

Bipartisanship in her world means, “Bend over, Dingy Harry’s driving.”


5 posted on 07/30/2011 8:43:24 AM PDT by Keith in Iowa (Hope & Change - I'm out of hope, and change is all I have left every week | FR Class of 1998 |)
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To: silentknight

I think we need a referendum on abolishing the federal government altogether. I would certainy support it.


6 posted on 07/30/2011 8:43:31 AM PDT by madprof98 ("moritur et ridet" - salvianus)
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To: silentknight
Boehner calls Reid bill “dead on arrival” in the House:

Now that's good to hear.

7 posted on 07/30/2011 8:43:36 AM PDT by Principled
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To: silentknight

President Obama Is No Longer Tethered To Reality

http://blogs.forbes.com/peterferrara/2011/07/28/president-obama-is-no-longer-tethered-to-reality/

Finally on Monday night, Obama threatened America’s seniors with more, saying that if House Republicans don’t agree to his tax increase to increase the debt limit, “we would not have enough money to pay the bills — bills that include monthly Social Security checks.” This can only be described as calculated deception.


8 posted on 07/30/2011 8:44:06 AM PDT by silentknight
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To: silentknight
Time is of the essence, and the moment has long since arrived for shelving politics and instead striking the right policy.

Then why has Reid tabled two bills instead of allowing members to debate? ==> He's using you, again [obamacare]

9 posted on 07/30/2011 8:45:23 AM PDT by Principled
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To: silentknight

talk about wet snow

Is voting with democrats the only way she gets invited out to dinner?


10 posted on 07/30/2011 8:45:33 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: silentknight

The bottom line is that Republicans need to get out front now and say this..

No plan that Harry Reid or Obama have put forward is going to stop the rating agencies from downgrading the USA credit rating.

It is time for serious cuts, Cut Cap and Balance would have added the security needed for these agencies to keep America’s credit rating at a triple A rating.

Senate Democrats and Obama refused to even vote on the plan that would have actually worked.


11 posted on 07/30/2011 8:46:47 AM PDT by Typical_Whitey (Ask a liberal to explain how tax increases create jobs in America)
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To: silentknight

usually the democrat cowgirls herd the rinos where they want them.

it just takes time.


12 posted on 07/30/2011 8:48:02 AM PDT by ken21 (dem + rino progressives -- destroying america for 150 years.)
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To: silentknight
“Finally on Monday night, Obama threatened America’s seniors with more, saying that if House Republicans don’t agree to his tax increase to increase the debt limit, “we would not have enough money to pay the bills — bills that include monthly Social Security checks.”

The Republican response should be that if that were true, then it's because Obama robbed them and spent their social security money on his agenda. In fact, that would be a nice one-liner: ‘Obama spent your social security money.’

13 posted on 07/30/2011 8:48:08 AM PDT by pieceofthepuzzle
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To: silentknight

Showdown? SHOWDOWN?!!!! It’s going to be a Boehner/Repuclican beat down!


14 posted on 07/30/2011 8:48:31 AM PDT by Road Warrior 04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Principled

Limpie went all bi-partisan on obamacare

and Maine got a waiver from it

HYPOCRITE “and” a useful tool


15 posted on 07/30/2011 8:48:37 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: silentknight

The elitist jack-asses in the Senate just don’t get it: cut the damn spending!! We don’t have the money! Lower our damn taxes! Stop foreign aid to Egypt, Pakistan, Israel, China and a hundred other countries that hate us.
Take care of Amercian citizens first, and foremost.


16 posted on 07/30/2011 8:48:37 AM PDT by ransacked
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To: silentknight

CNN Poll today: Which party deserves more blame for the U.S. debt-ceiling standoff?

http://www.cnn.com/

Liberals are killing us.


17 posted on 07/30/2011 8:48:54 AM PDT by Attn to Detail
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To: Typical_Whitey

I found these tables helpful in trying to see where these plans are taking us.
http://www.cbo.gov/ftpdocs/112xx/doc11231/frontmatter.shtml#1014410


18 posted on 07/30/2011 8:49:37 AM PDT by IM2MAD
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To: Cicero
Honest to God, are these two dingbats from Maine going to get primary challenges or what. One of them has to be up for reelection this year, can't we find and support a person to run them off in the primary.

A democrat would be better than either one of these old political whores, at least we would be less disappointed.

19 posted on 07/30/2011 8:49:54 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: silentknight

I admit it, I’m confused. The general consensus among conservatives who opposed the Boehner bill, is that we have gotten screwed, because Reid will strip out everything from the Boehner bill, load up all the Dem stuff, and send it back to the House on Monday, where suppsoedly the GOP will cave, due to the pressure of impending default. All the Dems, and some Pubbies will pass the bill. I can’t see the GOP caucus cracking like that..


20 posted on 07/30/2011 8:50:21 AM PDT by ken5050 (Save the earth..it's the ONLY planet with CHOCOLATE!!!)
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