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 ...
In two words....HE WON !!!!
They will compromise by taking it up to $1.01 of spending cuts for $41 of tax increases.
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...
WTF? Learn how government works before you spout off nonsense.
“Do we believe Cantor will shoot this down?”
NO!
Wrong!
Democracy is two lions and a lamb voting on lunch.
The House can adjourn, and it kills this Senate Bill for all time.
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".
Do you think Bend Over Boehner will do that?
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.
“Do we believe Cantor will shoot this down?”
NO!
“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.
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
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.
Congress switchboard number:
(202) 224-3121.
Thank you. Question I have been pondering is what if The Fed owns ALL the treasuries
What is theoretically possible? Killing this bill and letting everyones taxes go up?
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!
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.
He’ll vote for it.
No,the House has to agree as well.
Getting something that doesn’t involve $330 Billion in new spending? Actually cutting spending?
It is not his call, is it?
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.
Sigh. I hope you are wrong, but fear you are right.
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.
Cantor: “I opposed the fiscal cliff deal before I was for it”.
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.
Unless he thinks he has enough support to replace Bonehead as Speaker, I see Cantor falling in line with the other RINOs.
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!
One can dream . . .
Yes . elections have consequences
Of course...You really think all 241 Repubs are going to vote against it?? Only 25 have to say yes to pass it.
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
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.
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.
Cantor will be against it before he is for it. You’re absolutely right; typical political posturing.
My question is a what point does world lose confidence in our treasuries.
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.
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.
Really....look at the Senate vote....hardly along party lines.
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.
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.
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