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Thread: House GOP revolts against Boehner plan

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by AdamT View Post
    Dems didn't vote for it because it had already been revised by the administration.
    it sure was

    LOL!

    the president's only written budget in 3 years survived only TWO MONTHS

    why

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by VanceMack View Post
    And...side note...thank GOD for republican congressmen that dont just cave on positions they believe in. Why...that trend keeps up we might actually have a legislature that is people and principle and not PARTY driven.


    And maybe a balanced budget someday, I am starting to hope there is an actual chance with these congressmen in the House now.

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by Objective Voice View Post
    But here's the difference, VanceMack: The Dems would have voted for the President's budget if he hadn't presented them with a better alternative (indirectly though it was presented), whereas the Speaker's bill was rejected out-of-hand. Just so we're clear on what really happened and why:
    Taken directly from the Hill article linked above. Had you bothered to read it, you wouldn't have come back with such a lame retort. Still, let's not get it twisted.
    Thats comical...they voted 97-0 on the actual plan presented on a promise to vote FOR...nothing.

    You guys will carry Dood Ones bucket anywhere, baby...and thats...just...sad...

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by The Prof View Post
    it sure was

    LOL!

    the president's only written budget in 3 years survived only TWO MONTHS

    why
    Actually it was closer to nine months, but who's counting. Why? Because republicans have taken to filibusterng virtually everything. Because republicans have effectively torn up the rule book and done away with majority rule. That's why.

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by Objective Voice View Post
    From the WashingtonTimes.com:



    Seems the failed leadership is on Speaker Boehner.
    Yeah, well, I guess this is what happens when people are writing off all the concerns as liberal lies.

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by AdamT View Post
    Actually it was closer to nine months, but who's counting
    budget submitted to congress, feb 14: President Submits $3.7T Budget for FY 2012 | C-SPAN

    senate votes it down, 97 to 0, may 25: President's budget sinks, 97-0 - TheHill.com

    Because republicans have taken to filibusterng virtually everything
    and republicans were rewarded with the most house seats since 1938, most state reps and assemblies in history, 10 gubs, 6 senators...

    poor president obama, he only had sixty senators for a year

    Because republicans have effectively torn up the rule book
    the filibuster is in the "rule book"

    so is senate reconciliation

    Obama sets stage for using budget maneuver to pass health reform - TheHill.com

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    Re: House GOP revolts against Boehner plan

    For those who are interested, the CBO score on the Boehner proposal (now being reworked) can be found at: http://www.cbo.gov/ftpdocs/123xx/doc...ControlAct.pdf

    At present, there is no CBO score for the Reid proposal.

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    Re: House GOP revolts against Boehner plan

    Its the people that keep the real score that counts...and every thing I read says the people are sick of the crap and want a balanced approach tax cuts and spending cuts and get this thing DONE...its the teaparty thats stonewalling

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    Re: House GOP revolts against Boehner plan

    Quote Originally Posted by lpast View Post
    Its the people that keep the real score that counts...and every thing I read says the people are sick of the crap and want a balanced approach tax cuts and spending cuts and get this thing DONE...its the teaparty thats stonewalling
    Really? I wasn't aware the tea party was refusing to take up two bills in the Senate for a vote.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: House GOP revolts against Boehner plan

    Another day and the political gridlock continues. Even as Washington's political leaders are caught in a struggle, with intransigent elements all but tying their hands, the world is not failing to notice. Among those growing concerned about the political dysfunction in the U.S. is the nation's largest foreign creditor, China.

    In a column today, Stephen S. Roach, Non-Executive Chairman of Morgan Stanley Asia reveals:

    The Chinese have long admired America’s economic dynamism. But they have lost confidence in America’s government and its dysfunctional economic stewardship. That message came through loud and clear in my recent travels to Beijing, Shanghai, Chongqing, and Hong Kong.

    Coming so shortly on the heels of the subprime crisis, the debate over the debt ceiling and the budget deficit is the last straw. Senior Chinese officials are appalled at how the United States allows politics to trump financial stability. One high-ranking policymaker noted in mid-July, “This is truly shocking… We understand politics, but your government’s continued recklessness is astonishing.”


    Following resolution of the debt ceiling issue, the U.S. will likely see at least one ratings agency downgrade its credit rating (an appropriate move, IMO). At the same time, creditors awakened to U.S. political risk will likely have a diminished appetite for U.S. securities. That diminished appetite will probably extend to corporate securities in cases where there would be high exposure to a possible significant, long-term decline in the U.S. dollar. Hence, Washington's political maneuvers may well contribute to a somewhat slower long-term macroeconomic growth trajectory. Slower growth would translate into somewhat lower tax revenues and somewhat higher expenditures than would otherwise have been the case. Hence, the nation's long-term fiscal condition will have become more challenging.

    I don't believe any credible ratings agency can or should ignore that development. As noted previously, I do not believe a AAA rating for the U.S. can be rationalized considering its elevated political risk profile. Given the political dysfunction that is draining the nation's democratic system of the capacity to make sound decisions and the nation of its strategic flexibility, one cannot have complete confidence that the U.S. would be able to recognize and respond to critical issues in an effective and timely basis. That means that even if the U.S. were to adopt a credible fiscal consolidation program, there would be genuine concerns that the U.S. would not be able to sustain the program through its duration.

    Actions, not political rhetoric, matter most and the U.S. will have to demonstrate through actions that it deserves a AAA rating. That healing process would take time and credibility-restoring steps will likely have to be larger than they would otherwise have been.

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