View Poll Results: If Republicans Pass a smaller Debt Ceiling Increase; What should Democrats Do?

Voters
15. You may not vote on this poll
  • Accept it and continue to work towards the "President's Big Deal"

    8 53.33%
  • Refuse it and "send the economy into default"

    4 26.67%
  • Run out the clock and then pass it in a hurry after Aug 2, to scare Seniors

    3 20.00%
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Thread: If Republicans Offer a Shorter Term Deal

  1. #1
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    If Republicans Offer a Shorter Term Deal

    The President says he wants a "big deal" because he doesn't want to "kick the can down the road".

    Mind you, he spent most of the year wanting to do precisely that - calling for a "clean" debt ceiling bill. But be that as it may.


    It is also becoming clear that the two sides may have (at this point) mutually defeating points on which they are unwilling to budge. Most specifically, Republicans will not raise taxes and Democrats are refusing to not raise taxes. Both sides, however, agree that they "want to reduce the deficit" (though given that Democrats are calling for additional spending in this deal, I maintain my own opinion on how serious they are about this).


    The Secretary of the Treasury, the President, and most of the high-level Democratic Leadership are generally pretty sure that the heavens will split and the antichrist will come forth on August 3. That's a bit of an exaggeration; but not much. Republicans point out that we have enough money to pay for our debt, social security, medicare, the troops, and half of Medicaid; and so it's unlikely to be quite the disaster predicted.... but both agree it's going to be intensely painful; and probably harmful to an anemic and exceedingly weak recovery.



    Ergo: more than a few conservatives are proposing that the House go ahead and pass a debt - ceiling increase matched to spending cuts of their choosing. The amount can be large enough to buy us room to negotiate the Big Deal that the President now claims to want (tax reform, entitlement reform, and so on and so forth), but not be so huge as to be Republicans trying to force a one-sided approach to the debt ceiling between now and Nov 2012.

    Should Republicans take their advice, and pass (say) a three to five month extension of the debt ceiling tied to spending cuts to match; what should the Administration and Senate Democrats do? The ball will be in their court to either accept the rise, or go into an economic period that they claim would be disastrous for the nation. They would be then forced to make the argument that these upheavals were worth them shooting for political advantage - an argument not slated to go over well with the electorate.

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    Re: If Republicans Offer a Shorter Term Deal

    With the given scenario and question, I'd be pissed off if the Democrats started doing their own political maneuvering and tried to either block it, or pass it shortly after the 2nd. If they maneuvered, I'd think they were being dou**e's, and if they passed it after the 2nd...well, damage already done, Moody's would probably downgrade us from a AAA, and that Chinese rating agency (can't quite think of its name right now) would probably do the same, and you can kiss the partial recovery good-bye as the world markets go into shock over this, and everyone gets f**ked over...again.
    Veni. Vidi. Vici.
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    Re: If Republicans Offer a Shorter Term Deal

    Quote Originally Posted by cpwill View Post
    The President says he wants a "big deal" because he doesn't want to "kick the can down the road".

    Mind you, he spent most of the year wanting to do precisely that - calling for a "clean" debt ceiling bill. But be that as it may.


    It is also becoming clear that the two sides may have (at this point) mutually defeating points on which they are unwilling to budge. Most specifically, Republicans will not raise taxes and Democrats are refusing to not raise taxes. Both sides, however, agree that they "want to reduce the deficit" (though given that Democrats are calling for additional spending in this deal, I maintain my own opinion on how serious they are about this).


    The Secretary of the Treasury, the President, and most of the high-level Democratic Leadership are generally pretty sure that the heavens will split and the antichrist will come forth on August 3. That's a bit of an exaggeration; but not much. Republicans point out that we have enough money to pay for our debt, social security, medicare, the troops, and half of Medicaid; and so it's unlikely to be quite the disaster predicted.... but both agree it's going to be intensely painful; and probably harmful to an anemic and exceedingly weak recovery.



    Ergo: more than a few conservatives are proposing that the House go ahead and pass a debt - ceiling increase matched to spending cuts of their choosing. The amount can be large enough to buy us room to negotiate the Big Deal that the President now claims to want (tax reform, entitlement reform, and so on and so forth), but not be so huge as to be Republicans trying to force a one-sided approach to the debt ceiling between now and Nov 2012.

    Should Republicans take their advice, and pass (say) a three to five month extension of the debt ceiling tied to spending cuts to match; what should the Administration and Senate Democrats do? The ball will be in their court to either accept the rise, or go into an economic period that they claim would be disastrous for the nation. They would be then forced to make the argument that these upheavals were worth them shooting for political advantage - an argument not slated to go over well with the electorate.
    ..the truth is that the TEAPARTY refuses to compromise....cantor is a jackass...oh btw a multimillionaire jackass who has his own self interest in the forefront....

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    Re: If Republicans Offer a Shorter Term Deal

    Quote Originally Posted by repeter View Post
    With the given scenario and question, I'd be pissed off if the Democrats started doing their own political maneuvering and tried to either block it, or pass it shortly after the 2nd. If they maneuvered, I'd think they were being dou**e's, and if they passed it after the 2nd...well, damage already done, Moody's would probably downgrade us from a AAA, and that Chinese rating agency (can't quite think of its name right now) would probably do the same, and you can kiss the partial recovery good-bye as the world markets go into shock over this, and everyone gets f**ked over...again.
    Worried About Debt Limit? The Bond Market Isn’t

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    Re: If Republicans Offer a Shorter Term Deal

    Well, the SHOULD do the 1st option in the poll... what they WILL do is the 3rd option in the poll.
    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: If Republicans Offer a Shorter Term Deal

    Okay....what's your point? I understand the bond market won't be effected greatly, but thats only one strand of the web.
    Veni. Vidi. Vici.
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    The Only Thing to Fear is Fear Itself.
    -Franklin Delano Roosevelt

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    Re: If Republicans Offer a Shorter Term Deal

    Wouldnd't it also be possible for the Democrats to ignore the plan, and raise the ceiling through the procedure McConnell outlined?
    Veni. Vidi. Vici.
    -Gaius Julius Caesar
    The Only Thing to Fear is Fear Itself.
    -Franklin Delano Roosevelt

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    Re: If Republicans Offer a Shorter Term Deal

    cpwill, excellent loaded choices. You never miss an opportunity. Accept it and continue to work towards the "President's Big Deal" Yup, absolutely, and I predict he will. btw Who are you quoting?

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    Re: If Republicans Offer a Shorter Term Deal

    Quote Originally Posted by repeter View Post
    Wouldnd't it also be possible for the Democrats to ignore the plan, and raise the ceiling through the procedure McConnell outlined?
    no - they would still need the House to introduce that legislation; Boehner isn't about to do that (I think); and if Obama tries it anyway we face a Constitutional crises on top of a debt and deficit crises.

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    Re: If Republicans Offer a Shorter Term Deal

    Quote Originally Posted by OhIsee.Then View Post
    cpwill, excellent loaded choices. You never miss an opportunity. Accept it and continue to work towards the "President's Big Deal" Yup, absolutely, and I predict he will. btw Who are you quoting?
    if Republicans take that action; those are the rough three options I see for Democrats. the phrasing is my own; but the idea originally came from Charles Krauthammer.

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