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No word of progress after Obama meets with leaders (Updates)

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No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sat Jul 23, 2011 2:37 pm

President Barack Obama met at the White House for about an hour Saturday with House Speaker John Boehner and other congressional leaders in an attempt to revive negotiations over raising the debt ceiling, after Boehner ended the negotiations with Obama Friday night.

Saturday's meeting ended with no announcement of any accord, or an agreement to keep bargaining, with less than two weeks left to avert a default on government bonds.

But Senate Republican leader Mitch McConnell issued a statement after Saturday's meeting in which he said congressional leaders were designing new legislation to head off a default.

http://www.msnbc.msn.com/id/43864749/ns/politics-capitol_hill/


Last edited by DesperateInRI on Sun Jul 24, 2011 12:24 am; edited 1 time in total

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Re: No word of progress after Obama meets with leaders (Updates)

Post by mistermunster on Sat Jul 23, 2011 2:56 pm

Those BLeep ARE NOT going to budge. They will run this country into the ground before they tax the wealthy. They keep saying the SAME tripe OVER and OVER. "We CANNOT tax the JOB creators". I'm still trying to figure out WHAT JOBS they have created so far? Let me see.....NOTHING!!! at least in this country. This is SO insane to listen to these right-wing fools. Their mantra hasn't changed in the last 3 years and it's not gonna. They truly believe in what they say, and the MORE they say it the MORE they convince themselves it WILL work. affraid

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Re: No word of progress after Obama meets with leaders (Updates)

Post by TOO OLD TO HIRE IN PA on Sat Jul 23, 2011 3:04 pm

DesperateInRI wrote:
President Barack Obama met at the White House for about an hour Saturday with House Speaker John Boehner and other congressional leaders in an attempt to revive negotiations over raising the debt ceiling, after Boehner ended the negotiations with Obama Friday night.

Saturday's meeting ended with no announcement of any accord, or an agreement to keep bargaining, with less than two weeks left to avert a default on government bonds.

But Senate Republican leader Mitch McConnell issued a statement after Saturday's meeting in which he said congressional leaders were designing new legislation to head off a default.

http://www.msnbc.msn.com/id/43864749/ns/politics-capitol_hill/

I truly believe in my heart that the Republicans want us to default. Mr. Jackass McConnell said that their only goal is to get rid of Obama. Never a mention about creating jobs! Congress got the house majority last November on the promise of jobs! Where are they? They are acting like children in a playground. Come to think of it, I know more children that are way smarter than them.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sat Jul 23, 2011 5:20 pm

Not only smarter, but willing to meet in the middle to make things work. Our granddaughter has a better grasp on that than these clowns, sorry, but at this point they are clowns and the media is willing to give them the circus arena, all the while reporting garbage that isn't even close to the truth.

I believe the Teavangelists want us to default, but the old guard Repubs are bought and paid for Repubs, so they know they'd be hunted down. We are going to wind up with a clean debt ceiling bill because now they are out of time. But the scary thing will be if Moody's and S&P forces them to clean up the country's financial act, which they are now signalling they will ask for. We'll have this sideshow until after the next election. And, of course, nothing will get done.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sat Jul 23, 2011 8:18 pm

cnn is now reporting that they hope to have a deal before the Asian Markets open tomorrow morning. They are all back at the White House, however, when asked, could the American people expect a deal by tomorrow morning, none answered. So, who knows, that or they are just going to vote on a clean deal, no attachments.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by lendmeflight2 on Sat Jul 23, 2011 8:43 pm

You also must remember that raising the debt ceiling has nothing to do with cutting spend OR raising taxes. They should just raise it just like they always have before. I think that this mentality is working toward the republicans advantage and I can't believe they haven't thought of this yet. A lot of Americans are starting to think that to raise the debt ceiling we HAVE to either raise taxes or cut spending. So if the republicans ask America would they rather cut spending or raise taxes nearly everyone would say to cut spending.

The debt ceiling should be raised with a one sentence bill.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 12:28 am

Debt Ceiling Talks Collapse (LATEST UPDATES)



Today 9:20 PM Boehner Spokesman: 'Two-Step Process Is Inevitable'

Shortly after Senate Majority Leader Harry Reid suggested that Republicans' unwillingness to compromise is pushing the country toward the "brink" of default, Boehner spokesman Michael Steel issued the following statement on Saturday night:

"For months, we have laid out our principles to pass a bill that fulfills the President's request to increase the debt limit beyond the next election. We have passed a debt limit increase with the reforms the American people demand, the 'Cut, Cap, and Balance' bill. The Democrats who run Washington have refused to offer a plan. Now, as a result, a two-step process is inevitable. Like the President and the entire bipartisan, bicameral Congressional leadership, we continue to believe that defaulting on the full faith and credit of the United States is not an option.”

Today 8:32 PM Reid: GOP Unwillingness To Compromise Pushing Us To 'Brink Of Default'

Senate Majority Leader Harry Reid issued the following statement on Saturday night:

“I am deeply disappointed in the status of negotiations with my Republican colleagues. I have said repeatedly, including last night and again today, that I will not support any agreement that fails to raise the debt ceiling though the end of 2012. Anything less than that will fail to provide the certainty that the markets – and the world – are looking for, risking an immediate downgrade of America’s credit rating. This would force a tax increase on all Americans, and drain their savings funds and retirement plans as well. “I hope that Speaker Boehner and Leader McConnell will reconsider their intransigence. Their unwillingness to compromise is pushing us to the brink of a default on the full faith and credit of the United States. We have run out of time for politics. Now is the time for cooperation.”

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Re: No word of progress after Obama meets with leaders (Updates)

Post by mistermunster on Sun Jul 24, 2011 1:33 am

Isn't it OBVIOUS that the Retardicans WANT to destroy the world. And if they do, YOU can bet we will will have all their heads on pikes within 6 months.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 7:40 am

'Super Congress': Debt Ceiling Negotiators Aim To Create New Legislative Body

Debt ceiling negotiators think they've hit on a solution to address the debt ceiling impasse and the public's unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.

This "Super Congress," composed of members of both chambers and both parties, isn't mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers -- six from each chamber and six from each party.

Legislation approved by the Super Congress -- which some on Capitol Hill are calling the "super committee" -- would then be fast-tracked through both chambers, where it couldn't be amended by simple, regular lawmakers, who'd have the ability only to cast an up or down vote.

http://www.huffingtonpost.com/2011/07/23/super-congress-debt-ceiling_n_907887.html

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 8:13 am

lendmeflight2 wrote:You also must remember that raising the debt ceiling has nothing to do with cutting spend OR raising taxes. They should just raise it just like they always have before. I think that this mentality is working toward the republicans advantage and I can't believe they haven't thought of this yet. A lot of Americans are starting to think that to raise the debt ceiling we HAVE to either raise taxes or cut spending. So if the republicans ask America would they rather cut spending or raise taxes nearly everyone would say to cut spending.

The debt ceiling should be raised with a one sentence bill.


As it always has been. It's a totally seperate issue. I for you don't want a rushed through bill with cuts and taxes that we know will not be current a year from now. Raise the ceiling and then get back to the other issues that need addressing which should be done in a properly thought out way. Give the people in the country some peace of mind for a bit.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 4:12 pm

Today 1:19 PM Leaders Fear D.C. Trust Deficit, Dysfunction Will Go Global

As Washington scrambles Sunday to avert default, the deficit of trust among leaders in Congress is becoming almost more important than the debt numbers themselves.

Having broken off talks Friday with the White House, Speaker John Boehner is trying to achieve much of the same $3 trillion package in a two-stage process tied to raising the debt ceiling in increments of $900 billion first and then about $1.6 trillion next year. Boehner’s goal is to show his conservative rank and file that he has locked in savings at each step, but the process is so tilted against Democrats it risks blowing up in the Republicans’ face — with huge unknown consequences for both parties and the nation.

http://www.huffingtonpost.com/2011/07/22/debt-ceiling-talks-collapse_n_907446.html#s280957&title=The_Stock_Market

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Re: No word of progress after Obama meets with leaders (Updates)

Post by truth on Sun Jul 24, 2011 4:35 pm

MaryKay wrote:
lendmeflight2 wrote:You also must remember that raising the debt ceiling has nothing to do with cutting spend OR raising taxes. They should just raise it just like they always have before. I think that this mentality is working toward the republicans advantage and I can't believe they haven't thought of this yet. A lot of Americans are starting to think that to raise the debt ceiling we HAVE to either raise taxes or cut spending. So if the republicans ask America would they rather cut spending or raise taxes nearly everyone would say to cut spending.

The debt ceiling should be raised with a one sentence bill.


As it always has been. It's a totally seperate issue. I for you don't want a rushed through bill with cuts and taxes that we know will not be current a year from now. Raise the ceiling and then get back to the other issues that need addressing which should be done in a properly thought out way. Give the people in the country some peace of mind for a bit.

Even a contributor to "Forbes" understands that the deficit is a bogus issue.

http://blogs.forbes.com/johntharvey/2011/07/02/learn-to-love-the-deficit/


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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 4:46 pm

Debt Crisis Update: No Deal Likely by 4 p.m.

July 24, 2011 3:34 PM


ABC News' Jonathan Karl reports:

Asian markets? They are on their own. A Republican source tells ABC News negotiators do not expect to have a deal or even the framework of a deal on the debt ceiling by 4 p.m. today, as House Speaker John Boehner had said he wanted to steady jittery Asian markets when they open.

In fact, the source says a deal today is now looking unlikely.

The principals are speaking over the phone while the staffs work on the numbers. Congressional Democrats and Republicans continue to try to hash out a compromise, but they are not there yet.

Separately, the source says that the big "grand bargain" now looks, once again, to be "pretty dead" -- not buried yet, but not really breathing either. Despite the positive comments by Boehner and Treasury Secretary Tim Geithner this morning, the large deficit reduction plan seems to be too much, too late to accomplish by the Aug. 2 deadline.

"A deal is still elusive," said one top House Republican.

http://blogs.abcnews.com/thenote/2011/07/debt-crisis-update-no-deal-likely-by-4-pm.html

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Re: No word of progress after Obama meets with leaders (Updates)

Post by mistermunster on Sun Jul 24, 2011 4:55 pm

"the large deficit reduction plan seems to be too much, too late to accomplish by the Aug. 2 deadline"

This above ALL things is WHY we are such a MESS. They are NOT a proactive government, but a REACTIVE one and ALWAYS react TOO late in MOST cases. This national ship is captained by fools.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 8:11 pm

Today 6:42 PM U.S. Stock Futures Down
BreakingNews @ BreakingNews : U.S. stock futures down more than 100 points Sunday night as lawmakers failed to reach debt agreement - @MarketWatch

Today 5:35 PM House Republicans, Senate Dems Ready Emergency Fallback Plans


The AP reports:

With bipartisan debt-limit talks deadlocked, House Republicans and Senate Democrats readied rival emergency fallback plans Sunday in hopes of reassuring world financial markets the U.S. government will avoid an unprecedented default.

Republicans said Speaker John Boehner had legislation under consideration to raise the nation's debt limit by $1 trillion and enact slightly more in federal spending cuts, with the promise of additional progress on both sides of the ledger if Congress can agree.

Across the Capitol, Democratic officials said Majority Leader Harry Reid was at work on legislation to raise the government's debt limit by $2.4 trillion – enough to assure no recurrence of the current crisis until 2013 – and reduce spending by slightly more. They said that plan envisioned no higher taxes.

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Re: No word of progress after Obama meets with leaders (Updates)

Post by stillnutty on Sun Jul 24, 2011 8:37 pm

Burn Baby Burn!

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Re: No word of progress after Obama meets with leaders (Updates)

Post by Guest on Sun Jul 24, 2011 8:41 pm

WASHINGTON, July 24 (UPI) -- President Barack Obama will veto any plan that fails to raise the U.S. debt ceiling through 2013, his chief of staff, William Daley, said Sunday.

Meanwhile, Republicans and Democrats failed to reach agreement by Sunday afternoon. Even worse, congressional leaders appeared to moving independently on their own to come up with competing plans to handle the debt and raise the debt ceiling, without only eight days until the United States defaults, Politico reported.

http://www.upi.com/Top_News/US/2011/07/24/Obama-threatens-veto-of-short-term-fix/UPI-94731311527480/

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Re: No word of progress after Obama meets with leaders (Updates)

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