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Cantor opposed to Cliff deal
http://stream.wsj.com/story/the-fiscal-cliff/SS-2-87944/ ^ | WSJ/Twitter

Posted on 01/01/2013 12:58:14 PM PST by fooman

Do we believe Cantor will shoot this down?

(Excerpt) Read more at stream.wsj.com ...


TOPICS: Business/Economy
KEYWORDS: cantor; ericcantor; sourcetitlenoturl
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1 posted on 01/01/2013 12:58:22 PM PST by fooman
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To: fooman
Obama won and the Senate is majority Dem....The house can complain until the cows come home.....

In two words....HE WON !!!!

2 posted on 01/01/2013 1:01:00 PM PST by Sacajaweau
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To: fooman
We have all seen this before. As long as they have a signed document!


3 posted on 01/01/2013 1:01:17 PM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: fooman

They will compromise by taking it up to $1.01 of spending cuts for $41 of tax increases.


4 posted on 01/01/2013 1:01:43 PM PST by BRL
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To: Sacajaweau

Last I checked, the House’s approval was still required and if any of the ‘pubs ever grew a pair, they might still bring things to a halt. It is theoretically possible...


5 posted on 01/01/2013 1:03:05 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: Sacajaweau

WTF? Learn how government works before you spout off nonsense.


6 posted on 01/01/2013 1:04:41 PM PST by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: fooman

“Do we believe Cantor will shoot this down?”

NO!


7 posted on 01/01/2013 1:05:28 PM PST by Tupelo (Hunkered down & loading up)
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To: Sacajaweau

Wrong!
Democracy is two lions and a lamb voting on lunch.

The House can adjourn, and it kills this Senate Bill for all time.


8 posted on 01/01/2013 1:09:12 PM PST by Kansas58
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To: fooman
Do we believe Cantor will shoot this down?

He better. I am getting more and more angry with all of this. They have to cut spending because all that money is borrowed and putting us deeper into the "hole".

9 posted on 01/01/2013 1:11:57 PM PST by Rapscallion (The good thing is that Obama lacks moderation and will go too far.)
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To: Kansas58

Do you think Bend Over Boehner will do that?


10 posted on 01/01/2013 1:13:33 PM PST by dragonblustar (Allah Ain't So Akbar!)
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To: Rapscallion

Big Ben will just keep buying up those 10 year treasuries. Question is, when will the world lose confidence in our debt and it trades at 10 cents on the dollar.


11 posted on 01/01/2013 1:14:32 PM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: fooman

“Do we believe Cantor will shoot this down?”

NO!


12 posted on 01/01/2013 1:17:24 PM PST by Cricket24 (Telling the truth is not attacking someone!)
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To: Kansas58

“Wrong!
Democracy is two lions and a lamb voting on lunch.

The House can adjourn, and it kills this Senate Bill for all time.”

If this is all they need to do, what don’t they just walk out? It is all they have left anymore. Just curious.


13 posted on 01/01/2013 1:18:36 PM PST by Wisconsinlady (The only thing to stop a bad person with a gun, is a good person with a gun.)
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To: Hieronymus
The U.S.A is a dictatorship and the media are the dictators.

call GOP Congressmen in the House, tell them not to vote for this ridiculous Bill , nor any deal ,there is no cliff as that “fiscal cliff” is media lies to force them to agree to tax increases.

Congress switchboard number: (202) 224-31

tell them to adjourn ,no vote , tell them “nuts”. the media, Obama, Pelosi want this bill passed. don't give it to them. and no a meteor will not hit the Earth as the media makes it seem like with this “fiscal cliff” bs

14 posted on 01/01/2013 1:19:26 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Rapscallion

Obama, the democrat leadership, and his czars should be immediately arrested and held over for trial. Take note of the GOP members that collude with his plan to destroy the US.


15 posted on 01/01/2013 1:19:41 PM PST by SpaceBar
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To: Democrat_media

Congress switchboard number:

(202) 224-3121.

16 posted on 01/01/2013 1:22:11 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Democrat_media

Thank you. Question I have been pondering is what if The Fed owns ALL the treasuries


17 posted on 01/01/2013 1:23:23 PM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: Hieronymus

What is theoretically possible? Killing this bill and letting everyones taxes go up?


18 posted on 01/01/2013 1:23:57 PM PST by indianrightwinger
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To: Democrat_media

You can save your breath. His office is closed for the holiday. Please call back during “normal business hours” - that would be from 10 to 2 every 6th Wednesday and Friday!


19 posted on 01/01/2013 1:24:47 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: IllumiNaughtyByNature

We know how the government works. The thing about this particular situation is that no bill needs to pass for all taxes to raise. So, it requires the President’s signature to prevent such tax hikes. For his signature, you need to give in on his priorities or get the public on your side.


20 posted on 01/01/2013 1:27:13 PM PST by indianrightwinger
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To: Grams A
call tomorrow then
21 posted on 01/01/2013 1:27:16 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: fooman

He’ll vote for it.


22 posted on 01/01/2013 1:29:24 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Sacajaweau

No,the House has to agree as well.


23 posted on 01/01/2013 1:30:04 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: indianrightwinger

Getting something that doesn’t involve $330 Billion in new spending? Actually cutting spending?


24 posted on 01/01/2013 1:30:31 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: dragonblustar

It is not his call, is it?


25 posted on 01/01/2013 1:32:18 PM PST by Kansas58
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To: fooman

Cantor has shown himself to be a weasel. He’s posturing for the folks back home in his district right now, but he will throw them down the stairs when the time comes to vote.


26 posted on 01/01/2013 1:36:16 PM PST by Arm_Bears (Ted Kennedy's Oldsmobile has killed more people than my guns.)
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To: Arm_Bears

Sigh. I hope you are wrong, but fear you are right.


27 posted on 01/01/2013 1:37:19 PM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: Arm_Bears

http://www.zerohedge.com/news/2013-01-01/citis-worst-case-scenario-coming-true-house-amend-bill-send-back-senate


28 posted on 01/01/2013 1:38:09 PM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: fooman

Section. 7.

All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.


29 posted on 01/01/2013 1:40:40 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: fooman

Cantor: “I opposed the fiscal cliff deal before I was for it”.


30 posted on 01/01/2013 1:42:33 PM PST by Sans-Culotte ( Pray for Obama- Psalm 109:8)
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To: Arm_Bears

Exactly. Posturing was the first word that came to mind when I saw the headline. Heck, all Republicans are OPPOSED to the bill. How they act on that is what counts.

Debt ceiling and sequestration STILL looming are powerful tools for leverage..IF we know how to use them.


31 posted on 01/01/2013 1:43:57 PM PST by SueRae (It isn't over. In God We Trust.)
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To: fooman

Unless he thinks he has enough support to replace Bonehead as Speaker, I see Cantor falling in line with the other RINOs.


32 posted on 01/01/2013 1:47:29 PM PST by Buddy Sorrell ( Boehner, our Vichy Speaker)
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To: fooman
what if The Fed owns ALL the treasuries


33 posted on 01/01/2013 1:47:58 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
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To: fooman
zero has been doing his victory lap before the house even votes. he has no shame and he knows the gop has no balls
34 posted on 01/01/2013 1:48:12 PM PST by paul51 (11 September 2001 - Never forget)
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To: fooman
Sorry, but like Boner, Cantor has shown himself to be a limp-wristed POS. My guess is that Boner, Cantor, McCarthy, and the rest of the GOPe Leadership have known about this since McConnell did.

This is nothing more than an obligatory statement by Cantor. He already knows the fix is in as well.

I'm done with the GOP. I'm changing to Independent. Rush can harp all he wants about unity. If this is unity, I don't want it. Leaving the GOP is my last and only form of power i have. Let the GOP die!

35 posted on 01/01/2013 1:48:48 PM PST by Artcore
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To: Buddy Sorrell

One can dream . . .


36 posted on 01/01/2013 1:49:36 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: indianrightwinger
What is theoretically possible? Killing this bill and letting everyones taxes go up?

Yes . elections have consequences

37 posted on 01/01/2013 1:51:06 PM PST by paul51 (11 September 2001 - Never forget)
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To: fortheDeclaration

Of course...You really think all 241 Repubs are going to vote against it?? Only 25 have to say yes to pass it.


38 posted on 01/01/2013 1:51:17 PM PST by Sacajaweau
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To: BRL

They will compromise by taking it up to $1.01 of spending cuts for $41 of tax increases.
********
Hilarious! But sadly not far from the truth.

This is Obama’s idea of a “balanced approach”. LOL


39 posted on 01/01/2013 1:52:31 PM PST by Starboard
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To: driftdiver

Right. The House sent Dingy Harry a bill last August. Our once dignified Senate amended it this early morning and sent it back to the House. I say table it and let this Congress expire. Start over.


40 posted on 01/01/2013 1:54:09 PM PST by Jacquerie ("How few were left who had seen the republic!" - Tacitus, The Annals)
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To: fooman
Question I have been pondering is what if The Fed owns ALL the treasuries

The Fed repays to the Treasury whatever interest is earned on its bonds. So, borrowing -- from the government's point of view -- becomes free! It's every despot's dream.

Of course, the drop in the dollar's value as a result of all that money-printing is paid by us when we try to exchange those dollars for actual goods.

41 posted on 01/01/2013 1:56:34 PM PST by BfloGuy (Money, like chocolate on a hot oven, was melting in the pockets of the people..)
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To: Arm_Bears

Cantor will be against it before he is for it. You’re absolutely right; typical political posturing.


42 posted on 01/01/2013 1:56:39 PM PST by Starboard
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To: Sacajaweau
Obama has not won anything until we see how the House responds. They may cave as everyone here expects, or they may do something more creative. Who knows. We'll see.
43 posted on 01/01/2013 2:01:52 PM PST by hinckley buzzard
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To: BfloGuy

My question is a what point does world lose confidence in our treasuries.


44 posted on 01/01/2013 2:02:06 PM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: fooman

After years of multi-hundred-billion-dollar money-printing by the Fed with no negative consequences so far, many people have come to believe that this method of financing our debt can go on indefinitely.

But we know from history that that isn’t the case, and that severe problems will occur if Congress passes over-the-cliff deals like Obama’s.

There are organizations whose job it is to warn investors about governments that refuse to stop profligate spending — the bond-rating agencies like Standard & Poor’s, etc.

If Obama’s budget deal is approved, with its minimal spending cuts that would assure trillion-dollar budget deficits ad infinitum, the rating agencies would be as blameworthy as our Congress if they didn’t respond by sending out alarm bells to warn investors about our increasingly risky bonds.

But will the bond agencies do their job? Unless they lower U.S. bond ratings after Obama’s deal is approved, we will know that they will have abandoned their responsibilities.


45 posted on 01/01/2013 2:02:33 PM PST by Bluestocking
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To: fooman
YES HE CANTOR!
46 posted on 01/01/2013 2:08:19 PM PST by mikrofon (Works either way...)
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To: fooman

The establishment knows Boehner is done and, to avoid a real conservative from taking over as speaker, Cantor is being given the green light to oppose the bill in order to win conservative support. Cantor will be the next (establishment) speaker of thew house and conservatives will cheer thinking they are actually getting change.


47 posted on 01/01/2013 2:09:41 PM PST by icwhatudo (Low taxes and less spending in Sodom and Gomorrah is not my idea of a conservative victory)
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To: hinckley buzzard

Really....look at the Senate vote....hardly along party lines.


48 posted on 01/01/2013 2:12:17 PM PST by Sacajaweau
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To: Bluestocking

I guess the 64 Trillion dollar question is when does the music stop? Japan is at 190% of GDP because of a captive debt market (postal savings system). The government could require that we all put treasuries in our 401Ks for instance.


49 posted on 01/01/2013 2:14:26 PM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: icwhatudo

Cantor will be the next (establishment) speaker of thew house and conservatives will cheer thinking they are actually getting change.


Likely scenario. Note all the up and coming guys like Rubio and Ryan are hiding under their desks. Nobody has a stomach for this fight in the beltway GOP.


50 posted on 01/01/2013 2:16:47 PM PST by lodi90
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