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Thread: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Case'

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by MaggieD View Post
    Yes, I read it and understand we're saying "almost" the same thing. But I'm going on to say that the President should provide something.
    I suspect the both sides know that the choices would be stark were the government to have to balance its budget immediately. For example, if the federal government chose to prioritize spending so as to pay Social Security, Medicare, Medicaid, and interest on the debt, only about $200 billion would remain for all other programs/services. The choices would be stark

    For what it is worth, in 1982 there was a standoff on raising the debt ceiling. President Reagan initiated a “very confidential planning exercise” to prioritize spending. Details as to priorities were not disclosed, so as to maximize the Administration's leverage.

    My guess is that if a contingency plan were outlined, then the battle would shift not to the extent and path to debt reduction in exchange for a debt ceiling hike, but to a battle over spending priorities in the contingency plan. At the same time, knowledge of such details would reduce the incentive to reach an agreement to avert a possible default/wrenching spending choices.

    At the same time, I don't believe the Republicans should give away their bottom line too easily. If, for example, they have no intention of dragging things beyond August 2, even if no agreement on significant spending reductions is achieved, they should not disclose that. Otherwise, they will lock themselves into a situation where they will gain much less than might otherwise have been the case.

    In any case, I still believe some kind of agreement is more likely than no agreement. I also suspect that the really tough choices will be postponed in favor of goals for which policy specifics have yet to be devised. Somewhat broad language will likely also be used e.g., there might be agreement that tax reform would be examined in the future. Republicans would continue to assert that the deal did not raise taxes. Democrats would assert that the language does not fully preclude revenue-enhancing measures. But the exact specifics that would clarify what would be deliberate ambiguity would be left to be resolved after the 2012 election.

    Finally, I do believe the Republican request provides some possible insight into the Republican position. It could reflect the possibility that the Republican Leadership is concerned that a significant base of Republicans may not accept the likely parameters of a deal, hence they want to become better informed as to alternatives. It could also be a ploy to maximize leverage by making it appear that the Republicans are serious that they won't accept a deal they don't believe is adequate. Indeed, one should not be too surprised if some prominent Republicans announce that they are leaning against approving a debt ceiling increase in the weeks ahead to step up the pressure on the White House. My guess is that there is a combination of both factors at play. Of course, serious risks are involved. If the financial markets begin to expect a realistic risk of an impasse, things could begin to get out of hand.

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by MaggieD View Post
    Yes, I read it and understand we're saying "almost" the same thing. But I'm going on to say that the President should provide something.
    Good luck with that, look at the mans history.

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Something's gotta happen. People are so busy trying to win an election 16 months away that they aren't focusing on what needs to be done right now. It's disgusting that they're so concerned about keeping their jobs yet they aren't doing them.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by tessaesque View Post
    Something's gotta happen. People are so busy trying to win an election 16 months away that they aren't focusing on what needs to be done right now. It's disgusting that they're so concerned about keeping their jobs yet they aren't doing them.
    Term limits in this country suck. Make it to where you can only be elected to a certain position once, and I think it will help alot. Force people to actually do something with their time, and make it so that politicians isn't a job title, but more akin to a public service, like it's supposed to be.
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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by Your Star View Post
    Term limits in this country suck. Make it to where you can only be elected to a certain position once, and I think it will help alot. Force people to actually do something with their time, and make it so that politicians isn't a job title, but more akin to a public service, like it's supposed to be.
    You won't hear any complaints from me on that one.
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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Fallback position:
    Declare victory in Afganistan, Iraq, and Libya and go home.
    Bring home all of the soldiers stationed overseas.
    End all subsidies, oil, agriculture, all of them.
    furlough all federal employees not absolutely necessary for national security.
    Go back to the tax rates that prevailed back in '79.
    Close down most federal departments, starting with the Department of Education.

    There. That should help bring the budget back into balance.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by Dittohead not! View Post
    Fallback position:
    Declare victory in Afganistan, Iraq, and Libya and go home.
    Bring home all of the soldiers stationed overseas.
    End all subsidies, oil, agriculture, all of them.
    furlough all federal employees not absolutely necessary for national security.
    Go back to the tax rates that prevailed back in '79.
    Close down most federal departments, starting with the Department of Education.

    There. That should help bring the budget back into balance.
    Not even close.

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by Kandahar View Post
    Even if they reach a deal, it creates more uncertainty for the NEXT time the debt ceiling needs to be raised.
    vote democrat---don't create more uncertainty for the next raising of the ceiling?

    that's the problem

    exactly what is the dem's position on the budget, the administration's, senator reid's?

    in times like these?

    boehner next week is gonna put the progressive's prettiest plan on his carpet---a clean heft of 2.4T, enough to get thru NOVEMBER, 2012

    THAT's the president's prime priority---his campaign

    Republicans plan symbolic vote on debt ceiling - Jake Sherman - POLITICO.com

    anyway, just how many house dems are gonna vote for this massive extension of credit to the fiscally challenged, no encumbrances?

    not many, i expect

    in fact, the smartest move for pelosi and hoyer and clyburn and steve israel is to rally the caucus 100% AGAINST

    ie, kill the symbolism

    we'll see

    virtually every republican is clear---we will NOT raise the roof UNLESS there are significant FIXES

    no uncertainty, there

    is that spin?

    have a wonderful holiday weekend, all

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by donsutherland1 View Post
    From Fox News:



    Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling, 'Just in Case' - FoxNews.com

    IMO, the White House should reject such a request (even as it should have a contingency plan in place for such a scenario). Accepting the request would be bad negotiating strategy. In general, if a party is asked for its "fallback position," once that position is made public, the "fallback position" becomes the new focus of negotiations.

    In the case of the current negotiations, the White House's accommodating the request would take away some of the uncertainty that exists with respect to failure to reach agreement. As such, it would take away some of the pressure to compromise to reach agreement. In turn, that reduced pressure would increase the risks of a failure to reach agreement.


    I think the fall back plan should be is to make the troops are still paid during a government shut down. Screw raising the debt ceiling, it just allows the government IE we the tax payers to go further into debt.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Republicans Urge Obama Administration to Draft Plan B on Debt Ceiling 'Just in Ca

    Quote Originally Posted by Councilman View Post
    Obama need to admit his proposals have not worked up to now and it's time for him to take another direction.


    But Obama can do no wrong so that will never happen
    Exactly which proposals have not worked?

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