White House debt talks collapse

[Jimbuna]

Originally Posted by Vendor

THANKS A very respectfully, sir, but here it is that the news is need to kept up to date, and then it works hand in force and not "cut and paste".... but on the other hand, no one reads anyway ....

Of the latter part you are mostly correct

[mookiemookie]

Originally Posted by Tchocky

Great Leonhardt piece - http://www.nytimes.com/2011/07/27/bu...s-malaise.html




The basic point has been lost that while raising more revenue from taxes isn't going to automatically solve anything, it won't be catastrophic to the economy either. That's why it breaks my mind to hear politicians referring to a minor revenue increase as "JOB-KILLING".

You're right. Absolutely brilliant piece. Shame that most people can't see the forest for the trees.

[Gerald]

Nothing unusual in other words.

[Armistead]

Doesn't matter what they do, it will all change in 4 years and we'll be in a bigger mess with both still blaming.

[Gerald]

but they must understand the meaning of the word, compromise, and there certainly a political expression.

[STEED]

Hows it going?

If worst comes to worst have lots of sex, I know it will not solve the money problem but your all be relaxed.

[TarJak]

^+1

Interesting commentary on the situation from this side of the pond. http://www.smh.com.au/opinion/politi...728-1i20s.html

[mookiemookie]

Watching the Tea Party terrorists (and make no mistake, they are indeed terrorists as they are willing to inflict harm on innocent people in order to achieve their political goals) cannibalise the Republicans and John Boehner would be hilarious if the end result wasn't that we would be absolutely screwed if they don't get a deal done.

[Gerald]

http://www.bbc.co.uk/news/world-us-canada-14344411



Note: Update Record,29 July 2011 Last updated at 13:26 GMT

[Platapus]

Originally Posted by mookiemookie

Watching the Tea Party terrorists (and make no mistake, they are indeed terrorists as they are willing to inflict harm on innocent people in order to achieve their political goals) cannibalise the Republicans and John Boehner would be hilarious if the end result wasn't that we would be absolutely screwed if they don't get a deal done.

While I disagree with you use of the term terrorist, it is interesting watching them eat each other like that from within.

In order to get any deal passed Boehner will have to compromise with Democrats just to counter his own party.

Politics makes strange bedfellows.

[Gerald]

The US House of Representatives has passed a Republican bill proposed by Speaker John Boehner to increase the nation's debt ceiling.

Mr Boehner's plan passed the House by a vote of 218-210, with 22 Republicans and every Democrat voting against.

It includes $900bn of spending cuts but quickly ran in trouble in the Senate, where it was voted down by 59-41.

The US risks defaulting on its financial obligations if a federal budget deal is not struck by 2 August.

Continued disagreements

Prior to the vote, Mr Boehner told Congress the plan advanced the "great cause of a balanced budget amendment".

Mr Boehner appeared heated in front of his colleagues in the House, slamming his fist on a podium on Friday evening and calling for lawmakers to pass his proposal.

His plan calls for a vote on an amendment to the US constitution - a move Democrats say is certain to be rejected by the Senate.

Mr Boehner said Republicans had tried their "level best" to reach a deal.

"I stuck my neck out a mile to get an agreement with the president of the United States," Mr Boehner said, referring to negotiations with President Barack Obama that twice broke down.

"My colleagues, I can tell you I have worked with the president and the administration since the beginning of this year to avoid being in this spot," he added.

"A lot of people in this town can never say yes," Mr Boehner said.

http://www.bbc.co.uk/news/world-us-canada-14351148


Note: 30 July 2011 Last updated at 00:45 GMT

[Platapus]

Originally Posted by Vendor

T
"A lot of people in this town can never say yes," Mr Boehner said.

[Freiwillige]

Tea Party terrorists? Because they are conservatives that know more of the same isn't working? Raise taxes so that the Government can spend more and have to raise taxes again? Rinse and repeat!

I loooooooove what the tea party is doing! This train of debt is coming off of its tracks. At current levels the Government is borrowing 40 cents of every dollar to pay for its bloated programs and passing the buck.

The democrats have stated that they will kill any balanced budget amendment....Who is the terrorists?

Sorry unless it is an emergency the government should not spend more than it takes in. And its both the (R) and the (D) that have been sticking us with this bill for 50 years its time to swallow our medicine and level this thing out before this country collapses under its almost impossible debt burden. Raise taxes, cut spending, get out of all these damn wars. what ever it takes its past time to do it. Just my thoughts but the tea party seems to be the only one's with enough sense to see that more borrowing is the problem not the fricken solution!

[gimpy117]

Originally Posted by Freiwillige

Tea Party terrorists? Because they are conservatives that know more of the same isn't working? Raise taxes so that the Government can spend more and have to raise taxes again? Rinse and repeat!!

I'd say taking hostages to get what you want makes you a terrorist. In this case the hostages are the american people.

Originally Posted by gimpy117

I'd say taking hostages to get what you want makes you a terrorist. In this case the hostages are the american people.

I'd say the american people have been held hostage by the american government, for far too long.

Time to pull Uncle Sam's credit card.
The upcoming generation can't afford the vig.