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Thread: Debt ceiling: House GOP gets lowdown on fallout

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    Debt ceiling: House GOP gets lowdown on fallout

    Fark. "S&P Ratings Agency to meet with House Republicans to educate them on what a downgrade means. To make sure everyone understands, they are meeting with the Republicans, because they are the only ones who don't farking get it."

    S&P further warned that it wouldn't be sufficient for Congress to simply raise the debt ceiling. Lawmakers must also pass a sizeable 10-year debt-reduction deal to preserve its otherwise sterling AAA rating, S&P said.

    And, the agency added, "for any agreement to be credible, we believe it would require support from leaders of both political parties."

    House Republicans have stressed repeatedly they won't agree to a debt-reduction package that has any net tax increases in it, while Democrats say taxes must be part of any package.
    It's like special ed for the R side of the aisle.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    LOL, dunno if I should cry or laugh....
    PeteEU

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Roger that. When Boehner walked out, I actually had to fight back tears (mostly of rage, but there's some fear here as well).

    I don't know what's going to become of us, Pete.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Whoa. What the hell?!

    Shortly after 6 pm EDT, Pres. Obama addressed the press, and took questions, explaining his plan to get back to the negotiating table. Somewhat incredibly, CNN followed its analysis of the press conference by holding a phone interview with Grover Norquist, who acted as spokesperson for Speaker Boehner. Norquist explained that for seven months, it has been clear that Boehner was not willing—or empowered—to accept any tax increases.

    /snip

    Norquist all but admitted that the entire debt ceiling negotiation process is an electoral maneuver, designed to harm the Democratic party, possibly by harming the nation, to elect more Republicans to Congress and to take control of the White House.
    CNN Makes Tax Radical Grover Norquist Spokesperson for Speaker John Boehner | CafeSentido.com
    Last edited by BDBoop; 07-23-11 at 05:22 AM.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Quote Originally Posted by BDBoop View Post
    Fark. "S&P Ratings Agency to meet with House Republicans to educate them on what a downgrade means. To make sure everyone understands, they are meeting with the Republicans, because they are the only ones who don't farking get it."



    It's like special ed for the R side of the aisle.
    Will they be allowed to put their campaign bumper stickers on the short bus?

    Grover Norquist is one of the most dangerous men in America today.
    Last edited by haymarket; 07-23-11 at 07:43 AM.
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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Quote Originally Posted by haymarket View Post
    Will they be allowed to put their campaign bumper stickers on the short bus?

    Grover Norquist is one of the most dangerous men in America today.
    You know .... I'm not sure. I think I'd rather the short bus be papered with the corporations that sponsored it.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    1) The S&P Rating agency proved themselves liars during the mortgage fiasco and their word shouldn't be trusted.
    2) Even though the rating agencies don't have credibility, they are still unfortunately correct. Our credit is at risk for being downgraded, and not without reason. The only good option is raise the debt ceiling along with a tangible reduction of the deficit.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Quote Originally Posted by rathi View Post
    1) The S&P Rating agency proved themselves liars during the mortgage fiasco and their word shouldn't be trusted.
    2) Even though the rating agencies don't have credibility, they are still unfortunately correct. Our credit is at risk for being downgraded, and not without reason. The only good option is raise the debt ceiling along with a tangible reduction of the deficit.
    Getting a debt ceiling increase WITHOUT a cut into the deficit of about 3-4 trillion will still get us a downgrade. Not sure if Reid and Pelosi know or care. I actually think the President and his leaders in congress want the market to tank. They have done a good job at tagging Boehner and the republican congress for this mess.

    Sad that elections seem more important than the country to a lot of these folks.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Getting a debt ceiling increase WITHOUT a cut into the deficit of about 3-4 trillion will still get us a downgrade.
    I dont think a lot of people understand that. What Obama is putting as the ceiling is around $3 trillion and I mean over a decade. But we get a downgrade anywhere south of that--whether we default or not. I dont see that much as a talking point. But it is a hard fact if S&P is to be believed.

    Military spending, Social Security, Medicare, Medicaid, regulatory agencies, pork spending, and baseline budgets all need to be on the table so everyones' ox is getting gored and no one is favored because the way business is being done isn't working.

    I will say again that if the lower tax brackets had any skin in the game on taxes they would be yelling for cuts as loud, if not louder than the upper brackets. But that isn't the case, maybe it should be to make citizens more responsive to the way government works or doesn't work as the case may be.

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    Re: Debt ceiling: House GOP gets lowdown on fallout

    Quote Originally Posted by washunut View Post
    Getting a debt ceiling increase WITHOUT a cut into the deficit of about 3-4 trillion will still get us a downgrade. Not sure if Reid and Pelosi know or care. I actually think the President and his leaders in congress want the market to tank. They have done a good job at tagging Boehner and the republican congress for this mess.

    Sad that elections seem more important than the country to a lot of these folks.
    Too funny, truly. No, Boehner and Norquist and the Tea Party and the Republicans are guilty as charged, and everybody knows it.

    Cantor walked out. Guilty.

    Boehner walked out. Guilty.

    Norquist? WTF does he have to do with this? Yet he acts as Boehner's spokesman when Boehner walks out? Guilty.

    It's ALL yours. America sees, the world sees. We all know who is going to tank big time next year at the polls. We all will remember who held America hostage in the summer of 2011. Nobody is MAKING them 'look' anything. We can see.

    The possibility is more real than ever that Aug. 2 will come and go without a deal to extend the debt ceiling, unleashing potentially catastrophic economic consequences. If this comes to pass, the blame - all of it - will belong to one group: The rabidly anti-Obama Tea Partyers who make up the base of today's Republican Party.
    Read more: Debt ceiling stalemate is Tea Party's fault: GOP base refuses to compromise

    Which leader do you think is most at fault for the latest breakdown in debt talks?
    President Obama - 14%
    House Speaker John Boehner - 38%
    Senate Republican leader Mitch McConnell - 2%
    House Republican leader Eric Cantor - 43%
    Senate Democratic leader Harry Reid - 1%
    House Democratic leader Nancy Pelosi - 0%
    Other - leave your thoughts in the comments - 2%
    Total Votes: 33,979
    Percentages may not add up to 100% due to rounding
    This is a non-scientific user poll. Results are not statistically valid and cannot be assumed to reflect the views of Washington Post users as a group or the general population.

    The above poll was found here.
    Last edited by BDBoop; 07-24-11 at 02:40 AM.

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