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So we hit the debt limit...

Started by MadImmortalMan, May 17, 2011, 01:18:23 PM

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Jacob

Quote from: MadImmortalMan on July 22, 2011, 05:47:44 PMThere's been buzz that Obama has been very rude in these talks. I don't know how true that is. We know from the past that his style can sometimes be abrasive (remember "I Won"), so I don't completely disbelieve it.

But Boehner himself, in his letter, says it was "[n]not because of different personalities...".

grumbler

Quote from: MadImmortalMan on July 22, 2011, 05:36:41 PM
Ed: Aren't you supposed to capitalize "President"?
Only when part of the title (i.e. a proper name).
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!

Razgovory

#617
Obama has rudely refused to resign.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

MadImmortalMan




Quote from: The Hill
Reid: 'I'm the Senate majority leader. Why don't I know about this deal?'
By Alexander Bolton - 07/21/11 07:12 PM ET

Senate Majority Leader Harry Reid (D-Nev.) confronted White House budget director Jack Lew during a Thursday afternoon meeting about secret talks on a deficit-reduction deal between the president and Speaker John Boehner (R-Ohio).

"I'm the Senate majority leader — why don't I know about this deal?" Reid demanded as soon as the budget director walked into the historic Mansfield Room for a meeting with Senate Democrats, according to a lawmaker who witnessed the exchange.

Lew shot back: "If there's a deal, then the president doesn't know about it, the vice president doesn't know about it and I don't know about it."

A Senate Democratic aide confirmed the exchange took place.

Democrats were outraged about reports that Obama was willing to accept major spending cuts in exchange for reforming the tax code at some point in the future as part of a deal to raise the $14.3 trillion debt ceiling.

Reid and other Democrats warned the administration officials in the meeting that they might not support a deal between Obama and Boehner if kept out of the loop.

"It was a heated session," said a senior Democratic senator who attended the lunch. "There's a basic lack of trust with the president."

The lawmaker said the lack of trust stems from what they suspect are secret negotiations taking place between Obama and Boehner, without the input of Reid and House Democratic Leader Nancy Pelosi (Calif.).

"Harry's not being included!" exclaimed the second senator.

Reid has told Democrats and Democratic allies that he did not have any of the details of a reported $3 trillion deficit-reduction deal coming together between Obama and Boehner.

The lawmaker said Senate Democrats "can't be assumed to go along with whatever deal."

Senate Democrats grilled Lew about whether the president was holding side talks with Boehner, according to a source who attended Thursday's meeting.

Lew was somewhat evasive in his answer, leading some Democrats to conclude that Obama is conducting backchannel talks with Boehner.

Lew explained that Obama has to be able to negotiate one on one with Boehner if they are to come up with an agreement to raise the debt limit that can pass the House of Representatives.

"Obama and Boehner can't put together anything that can pass the House if there are too many people in the room," said a lawmaker who listened to Lew's explanation.

Boehner complained in a television interview last week that the group of negotiators had grown too big.


"The room's too big," Boehner told Fox News. "There are too many people in there trying to negotiate what is a very difficult — could be and will be a very difficult agreement. There are just too many people in there pouring cold water on virtually every idea that gets thrown on the table."
Democratic aides said congressional leaders were told Wednesday night that Obama is prepared to cut a deal with Boehner that would include spending cuts and entitlement reform and only a promise from Republicans of taking up tax reform next year.

Reid appeared to be as surprised by the reports as any of his rank-and-file colleagues during Thursday's lunch.

Senate Democrats told Lew and White House legislative affairs director Rob Nabors, who also attended the meeting, that they would not support a deficit-reduction deal that cut spending and entitlement programs and deferred the elimination of special corporate tax breaks to a later date.

"It would be very hard to take Republicans at their word that they would do anything later on," said Sen. Sheldon Whitehouse (D-R.I.), speaking of a potential deficit-reduction deal that would postpone tax reform.

Sen. John Kerry (D-Mass.) said "a year is way too long" for Democrats to wait for tax reforms if they agree to trillions of dollars in spending cuts this summer.

"If you take key parts of the deal off the table, then how do you come up with a fair-minded approach to what's on the table?" Kerry said.

Kerry and other Democrats, such as Sens. Dianne Feinstein (Calif.) and Michael Bennet (Colo.) are optimistic about a framework from the Senate's Gang of Six that would reduce the deficit by $3.7 trillion over 10 years.

Feinstein said a deal that would implement trillions in spending cuts immediately and postpone until next year tax reforms to raise new revenues is "a nonstarter."

Bennet is circulating a letter among Democratic and Republican colleagues to build support for the Gang of Six's plan and already has more than 33 signatures.

The organizers are not likely to release the letter, however, until after the Senate votes on the Cut, Cap and Balance legislation.

Republican signatories would be seen as undercutting the legislation, a priority of Tea Party conservatives, if they publicly endorsed the Gang of Six plan before a Senate vote on Friday. The conservatives' bill would require passage of a balanced-budget amendment before raising the debt limit.

Labor unions, a powerful ally of Democratic leaders in Congress, are mobilizing to kill the gang's proposed entitlement cuts.

"Our organizations oppose cutes in Social Security benefits, period," AFSCME, the AFL-CIO, the SEIU and the National Education Association said in a letter to Senate and House Democrats on Thursday.

"Nobody should pretend that reducing Social Security [cost-of-living adjustments] by 0.3 percentage points per year is anything other than a benefit cut," the unions wrote.

The labor groups expressed alarm over the "proposed cuts in $383 billion to $500 billion in healthcare" and tax reform that would lower the income tax rate for the nation's wealthiest earners.

"The Gang of Six's proposed top individual rate of 23-29 percent is historically low," they wrote.

The unions plan to take out full-page ads in Capitol Hill publications Friday proclaiming that the plan is "no deal for working families."



Sheesh. It's all bad blood all the time up there.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Razgovory

Quote from: grumbler on July 22, 2011, 05:44:36 PM
]Boehner did an Arafat on those negotiations, as he now has for the smaller package.

I think he is terrified about what his caucus might do to him if he was reasonable.

I think that what we are going to end up with is a naked vote on the debt ceiling.

This is major problem.  Republicans have long known that much of what they say to their base is bullshit.  The problem with the tea party phenomenon is that the base is what got elected, and they actually believe the bullshit.  They had a similar problem in 94 and ended up impeaching Clinton.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

Boener in his press conference claimed that "they had a deal" and just today Obama went back on it and insisted on a larger revenue number, which is why he walked out.  CNN hairdos were rumor-mongering (no offense) furiously that Obama had to renege on his offer because of rebellion in the Democratic ranks, which sort of fits in with MIM's article.

On a very encouraging note, both Boener in his press conference and Grover Nordquist (gasp) in an interview were talking about the absolute calamity a default would be.

Razgovory

Why is Grover Nordquist so respected in Conservative circles?
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

grumbler

Quote from: Admiral Yi on July 22, 2011, 06:44:53 PM
Boener in his press conference claimed that "they had a deal" and just today Obama went back on it and insisted on a larger revenue number, which is why he walked out.  CNN hairdos were rumor-mongering (no offense) furiously that Obama had to renege on his offer because of rebellion in the Democratic ranks, which sort of fits in with MIM's article.
I hope this doesn't turn into a he-said-she-said issue

On the other hand, Boehner said just earlier in writing that there had been no deal and they didn't get close to a deal.  Now he is saying differently.  I wonder which story is true, and why he told the fib one.
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!

grumbler

Quote from: Razgovory on July 22, 2011, 06:47:09 PM
Why is Grover Nordquist so respected in Conservative circles?
Dunno.  I don't think he's all that rich, and he's never had a real job or elected position in his life, so why would anyone pay attention to him?  Looks like a social butterfly trustafarian to me.
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!

MadImmortalMan

Didn't he write the no tax increase pledge that the GOP members were all forced to sign?
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Razgovory

Quote from: MadImmortalMan on July 22, 2011, 07:15:41 PM
Didn't he write the no tax increase pledge that the GOP members were all forced to sign?

Nobody forced them sign it.  Politicians get all kinds of pledges from assholes when they run for office.  Any jackass with a printer and stamps can send out pledges for politicians to sign. 

I vaguely remember him back in the 1990's, and I recall that he got caught up in the Jack Abramoff thing but wasn't ever charged.  Still, I don't know why he has such clout.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

grumbler

Quote from: MadImmortalMan on July 22, 2011, 07:15:41 PM
Didn't he write the no tax increase pledge that the GOP members were all forced to sign?
Forced to sign?  Most signed it, but why?  They certainly weren't being "forced" to sign it.
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!

DGuller

Norquist is just a very successful bully.  No one ever called his bluff, unless you count elder Bush (I wouldn't), so everyone is scared of Republicans zagradotryads during the primaries.

Berkut

Quote from: DGuller on July 22, 2011, 07:41:56 PM
Norquist is just a very successful bully.  No one ever called his bluff, unless you count elder Bush (I wouldn't), so everyone is scared of Republicans zagradotryads during the primaries.

Actually, the perception is that Bush Sr. did call his bluff, and went from a 90%+ approval rating to not getting re-elected. And they are perfectly willing to take credit for that.

So are the Republicans "forced" to take the pledge? No, but apparently somewhere around 100% of them think they probably should...

Reminds me of the Game of Thrones riddle about who has actual power. The answer: whoever people think has the power, has the power. People think Nordquist can destroy them, so he can.
"If you think this has a happy ending, then you haven't been paying attention."

select * from users where clue > 0
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Razgovory

I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017