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Thread: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

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    Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Debt ceiling talks stalled again on Weds as each side continues to stand their ground. McConnell already blinked. How long before Cantor blinks?

    Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    WASHINGTON -- Lawmakers and the White House had what nearly every party is describing as a "tough" and "testy" meeting on the debt ceiling Wednesday afternoon, culminating in a stormy exchange between the president and House Majority Leader Eric Cantor (R-Va.).

    It was the fifth straight day of talks, but the first in which attendees, speaking on background, were willing to admit that steps were taken backwards. According to multiple sources, disagreements surfaced early, in the middle and at the end of the nearly two-hour talks. At issue was Cantor's repeated push to do a short-term resolution and Obama's insistence that he would not accept one.

    "Eric don't call my bluff. I'm going to the American people on this," the president said, according to both Cantor and another attendee. "This process is confirming what the American people think is the worst about Washington: that everyone is more interested in posturing, political positioning, and protecting their base, than in resolving real problems."

    Cantor, speaking to reporters after the meeting, said that the president "abruptly" walked off after offering his scolding.

    I know why he lost his temper. Hes frustrated. Were all frustrated," the Virginia Republican said.

    Democratic officials had a different interpretation. "The meeting ended with Cantor being dressed down while sitting in silence," one official said in an email. "[The president] said Cantor could not have it both ways of insisting on dollar-for-dollar and still not being open to revenues."

    Lost in the rush to frame the dramatic conclusion of Wednesday meetings was word of the actual substance of the talks. According to several attendees, negotiations stalled from the onset over the same issues that have proved irresolvable. Working off of talks that had been spearheaded by Vice President Joseph Biden, the president said he would be comfortable signing off on northward of $1.5 trillion in discretionary spending and mandatory spending cuts. With additional negotiations, he added, he could move that figure up to $1.7 trillion, and with a willingness to consider revenue increases and tax loophole closures, he added, lawmakers could get to over $2 trillion. His preference, he said, was to continue to push for the biggest package possible, so long as it was balanced.


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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Let's hope he doesn't blink.
    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: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    I agree. Let's hope he doesn't. The GOP will get the blame. And they deserve it.


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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Eric don't call my bluff. I'm going to the American people on this," the president said

    Good luck with that one. If I was Cantor I would have said, "go for it".

    U.S. Debt Ceiling Increase Remains Unpopular With Americans

    U.S. Debt Ceiling Increase Remains Unpopular With Americans

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by 1Perry View Post
    Eric don't call my bluff. I'm going to the American people on this," the president said

    Good luck with that one. If I was Cantor I would have said, "go for it".

    U.S. Debt Ceiling Increase Remains Unpopular With Americans

    U.S. Debt Ceiling Increase Remains Unpopular With Americans
    If this poll is any indication, many Americans aren't aware of the consequences. If the **** hits the fan, they'll likely be singing a different tune. Regardless of what you think about our budgetary situation, not raising the debt limit would be shooting ourselves in the foot. It simply isn't worth it, IMO.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by StillBallin75 View Post
    If this poll is any indication, many Americans aren't aware of the consequences. If the **** hits the fan, they'll likely be singing a different tune.
    Here we go again......there is an option for "I don't know enough". No, just because someone disagree's with you doesn't mean they are ignorant of the situation.

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by 1Perry View Post
    Here we go again......there is an option for "I don't know enough". No, just because someone disagree's with you doesn't mean they are ignorant of the situation.
    If 40% of Americans think that it'll be okay for the Treasury to reach the deadline without the ceiling being raised (or that a delayed budget deal will be worth the damage that not raising the debt ceiling will do)...I'd say yeah, they probably don't get how big the stakes are.

    Just my two cents
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by StillBallin75 View Post
    If 40% of Americans think that it'll be okay for the Treasury to reach the deadline without the ceiling being raised (or that a delayed budget deal will be worth the damage that not raising the debt ceiling will do)...I'd say yeah, they probably don't get how big the stakes are.

    Just my two cents
    Where is the damage in stopping the wars? Paying Pakistan? (I could go on longer)

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by 1Perry View Post
    Where is the damage in stopping the wars? Paying Pakistan? (I could go on longer)
    You think that's ALL that'll happen? (Yeah, you could go on longer, and eventually some of the things you start listing will be some real big-ticket items that WILL do damage).

    http://www.bipartisanpolicy.org/site...nalysis%20.pdf

    It's a bit long, bit it'll give you sobering sense of what'll happen if the **** hits the fan.
    Last edited by StillBallin75; 07-13-11 at 10:59 PM.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by StillBallin75 View Post
    You think that's ALL that'll happen? (Yeah, you could go on longer, and eventually some of the things you start listing will be some real big-ticket items that WILL do damage).

    http://www.bipartisanpolicy.org/site...nalysis%20.pdf

    It's a bit long, bit it'll give you sobering sense of what'll happen if the **** hits the fan.
    So I'm reading through this and I came to this.

    –Treasury picking winners and losers

    THey have been doing this for years. It's part of what got us into this mess.

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