So we hit the debt limit...

[Josephus]

Something's happening. Boehner came out and made a statement but I don't know what it was. Saw it on tv in a restaurant.

And I heard that China --oh, wait, how does the meme go now

[MadImmortalMan]

So a deal is imminent, but some Dems are rebelling this evening according to AC360.


BIG PLAN!


The chyron says: New Framework: Spending cuts now, new revenue later.

My guess is, very little new revenue, and cuts that never materialize.

[CountDeMoney]

Mr. Anti-Tax himself gave his blessing to axe the Bush tax cuts.

[Faeelin]

Mr. Anti-Tax himself gave his blessing to axe the Bush tax cuts.

He backtracked. Boehner is now demanding the repeal of the mandate to support raising the debt ceiling.

Dance, Obama, dance!

[Razgovory]

I wonder if there are enough Republicans who are either sane enough or knowledgeable enough to actually raise the debt ceiling.

[derspiess]

I wonder if there are enough Republicans who are either sane enough or knowledgeable enough to actually raise the debt ceiling.

They'll wuss out, don't worry. 

[MadImmortalMan]

Mr. Anti-Tax himself gave his blessing to axe the Bush tax cuts.

He backtracked. Boehner is now demanding the repeal of the mandate to support raising the debt ceiling.

Dance, Obama, dance!

They're getting new polling I think. Look at this:

25. Would you favor or oppose a constitutional amendment to require a balanced federal budget?
July 18-20
2011
Favor 74%
Oppose 24%
No opinion 1%

[Josephus]

I wonder if there are  Republicans who are  sane

fyp

[Razgovory]

I wonder if there are enough Republicans who are either sane enough or knowledgeable enough to actually raise the debt ceiling.

They'll wuss out, don't worry.

This is the same sort of "wuss out" as a suicide bomber who has second thoughts.  It honestly boggles the mind why some people want to do this.  Presumably they don't care if the economy collapses or have deluded themselves that anyone who isn't spouting conservative orthodoxy is a liar.

[MadImmortalMan]

This is the same sort of "wuss out" as a suicide bomber who has second thoughts.  It honestly boggles the mind why some people want to do this.  Presumably they don't care if the economy collapses or have deluded themselves that anyone who isn't spouting conservative orthodoxy is a liar.

Or they genuinely are convinced they personally would benefit from the disaster.

[Fate]

Mr. Anti-Tax himself gave his blessing to axe the Bush tax cuts.

He backtracked. Boehner is now demanding the repeal of the mandate to support raising the debt ceiling.

Dance, Obama, dance!

They're getting new polling I think. Look at this:

25. Would you favor or oppose a constitutional amendment to require a balanced federal budget?
July 18-20
2011
Favor 74%
Oppose 24%
No opinion 1%

Now would 74% of the plebs support a balanced budge amendment if the pollster informs them that it would result in some combination of Medicare/SS cuts and tax increases?

[Josephus]

This is the same sort of "wuss out" as a suicide bomber who has second thoughts.  It honestly boggles the mind why some people want to do this.  Presumably they don't care if the economy collapses or have deluded themselves that anyone who isn't spouting conservative orthodoxy is a liar.

Or they genuinely are convinced they personally would benefit from the disaster.

Would they though? OK, let's say they get elected (and I'm not sure they will just because of this), but if they do they'll inherit an economic disaster and then must figure out how to fix what they broke without breaking their pledges of no tax hikes and balanced budgets.

[MadImmortalMan]

Now would 74% of the plebs support a balanced budge amendment if the pollster informs them that it would result in some combination of Medicare/SS cuts and tax increases?

That would be a loaded speculative question, so I don't think a good pollster would ask that. However, here's a relevant bit from the same poll:

24. Now I'm going to read you some of the specific proposals for cutting government spending and
increasing taxes that have been suggested as part of the discussions on the debt ceiling. For each
one, please tell me whether you favor or oppose that proposal as a way to reduce the amount that
the government owes. (RANDOM ORDER)

Favor Oppose No Opinion
Cutting federal subsidies to farmers 31% 66% 2%
Cutting pensions and benefits for retired government workers 30% 68% 2%
Cutting defense spending 47% 52% 1%
Cutting the amount the government spends on Medicaid, the federal health program for the poor 22% 77% *
Cutting the amount the government spends on Medicare, the federal health program for the elderly 12% 87% 1%
Cutting the amount the government spends on Social Security 16% 84% 1%
Increasing the taxes paid by oil and gas companies by ending federal subsidies for those businesses 73% 26% 1%
Increasing the taxes paid by businesses that own private jets 76% 23% *
Increasing the taxes paid by people who make more than 250 thousand dollars a year 73% 26% *

[Grallon]

...
24. Now I'm going to read you some of the specific proposals for cutting government spending and
increasing taxes that have been suggested as part of the discussions on the debt ceiling. For each
one, please tell me whether you favor or oppose that proposal as a way to reduce the amount that
the government owes. (RANDOM ORDER)

Favor Oppose No Opinion
Cutting federal subsidies to farmers 31% 66% 2%
Cutting pensions and benefits for retired government workers 30% 68% 2%
Cutting defense spending 47% 52% 1%
Cutting the amount the government spends on Medicaid, the federal health program for the poor 22% 77% *
Cutting the amount the government spends on Medicare, the federal health program for the elderly 12% 87% 1%
Cutting the amount the government spends on Social Security 16% 84% 1%
Increasing the taxes paid by oil and gas companies by ending federal subsidies for those businesses 73% 26% 1%
Increasing the taxes paid by businesses that own private jets 76% 23% *
Increasing the taxes paid by people who make more than 250 thousand dollars a year 73% 26% *

Hmmm  so a majority oppose cuts to all the stated expenditures and a majority oppose any raises in taxes...

I think you guys are in a major rut.




G.

[Habbaku]

Hmmm  so a majority oppose cuts to all the stated expenditures and a majority oppose any raises in taxes...

USA!  USA!  USA!