Obama and Boehner Back at the Altar?

Am I supposed to be thrilled? If I had my way, they’d both be fired.

I bet they’re tired.

Chris Wallace asked Tim Geithner THREE TIMES this morning what his and the Democrats’ plan was if default becomes a reality and THREE TIMES he had NO ANSWER!!!

I guess community organizers don’t have any negotiation skills.

Look at the pie chart of our debt, lets pretend we are home ready to pay our bills.. We put all of them in a pile and calculate how much we owe and how much is in the checking account… um Social Security bill is paid ahead for 25 years.. would you even think about that bill right now? No, we wouldnt worry about a bill to pay that is not due so lets not do it for the American Budget either!
SS in the budge pie chart is fake numbers to LIE to us, the American Public. Why is it in there then?? take it out and its obvious, MILITARY is huge now w/o SS in there.. You see, haveing 50% of the Worlds Military is NOT ENOUGH… GOP voted to RAISE military spending and Obama’s fake cuts to military retirement is all smoke and mirrors from both parties and WE the People are being scamed by both parties and covered up with this fake drama they and the press are playing out.

Every new dollar received by the liberal Democrats immediately becomes one more dollar of debt. Not one more tax dollar should be given to that irresponsible, inept politico in the White House.

While at the alter, let them pray: Oh great and almighty tax dollars, deliver us from debt, and forgive us our tax increases, as we forgive our deficit spending, that we may forever be re-elected, delivered from shopping at Walmart, and saved from ever purchasing our own health insurance. Blessed be our friends with untold wealth and please let our enemies go bankrupt asap. Thank you tax dollars. ChaChing

Won’t matter what they do. Our credit rating will be lowered tomorrow. You will see the stock markets world wide start to crack tonight when they open. Obama is a total loser. Worst ever for putting us in this position.

Everyone should recognize, consider, and remember the role that the Supreme Court’s Citizen United Ruling has played in precipitating this crisis, and also consider the role it will continue to play in shaping, warping, and dominating the American political scene.

Lord help us if Eric Cantor becomes Speaker of the House!!! Nothing will EVER be accomplished then. what is wrong with this Congress???? Someone somewhere has got to compromise. Isn’t this what it is all about?

“Well if the Dems can feel a victory in getting the Repubs to increase revenues, and the Repubs can feel a victory in getting the Dems to cut entitlements, maybe we’ll have a deal.”
If only. Not with these radical Republicans. They can’t seem to take “yes” for an answer. They will destroy the country if it means they can thumb their nose at Obama, even after he’s given them almost everything they want.

No ‘throwing everyone out’ and ‘starting over’ is another example the ‘oversimplified, blinders pointed to the past’ that the new tea party freshman represent that is totally gumming up the works. It also gives the ‘dumbed down’ in this country a forum to excorciate the government with absolutely NO EDUCATIONAL OR INTELLECTUAL UNDERSTANDING of what they are ranting or railing against. That is what happens in an anarchy. The only good thing about this is current situation is that eventually this type of ignorant, unwilling to change demographic will get smaller. Then maybe this nation can get somewhere POSITIVE!

INDYUMSC….and the GOP’s mantra of just say NO, torpedoing 300 bills with the use of the silent filibuster, their silent support of the stupid ‘birther issue’ etc. etc. had absolutely NOTHING to do with this? And how many times have we come close to a deal and they have WALKED AWAY from it? Maybe we don’t ‘shut our pieholes’ because we actually ‘pay attention’ to what really has happened and what is going on now. THe GOP cannot control the ‘cancer’ of their philosophical views…the tea party. And I guarantee that that level of stupidity and negativity will DESTROY them, before this is over. And the GOP ‘spinmeisters have only themselves to blame for that. For pandering to an ignorant, past thinking element.

Tom Coburn on “Meet the Press”>Obama will be presented w/a two-step plan..either Obama will sign or force the country into collapse.

Yes, Bush spent too much; but, Obama has increased spending 30% since coming into office. The federal govt is bloated and obese. Even Michelle Obama recognized the obese need to go on a diet.

How much has spending increased since Pelosi and Reid took Democratic control of both chambers?

Where is the Senate/Obama written plan for the debt ceiling? Is it in the same drawer the current and last year’s budget is?

Oh brother…stop with the scare tactics….our credit rating has already been lowered to AA by atleast one credit reporting agency and Moody’s has already hinted they are going to lower us for DEBT. Our rating is going down and the only way to get our rating back up long term IS to lower the debt. No more raising the debt ceiling—cut spending, and stop allowing our corrupt government of both parties from spending (aka Redistributing to their buddies.)

@RON
SO are we supposed to raise the debt ceiling every time we reach it?
Should we have a credit limit?
I know Bush was a spending disaster but most of the uncompromising republicans in the house were not there when Bush was president.
I think this situation is being way overblown.
We can still pay Social Security and the military as long as we prioritize.
There are Government departments that could be downsized or closed, and our trillion+ fake debt we owe ourselves, thanks to the fed, could just be destroyed.

Re: Boehner’s “2 step process”… I thought Boehner’s watchword for the past 2 years or so has been “uncertainty”. “Uncertainty” about taxes, govt. regulations, etc. is what has been holding back the “job creators” and the economy according to Boehner. So how will having to go through this whole nauseating spectacle again next year affect “uncertainty”? Hmmm? I’d like some reporter to ask him that question.
The answer is that the Republicans want a 2-step process because they rightfully assume that such “uncertainty” will hold back the economy over the next year or so, possibly leading even to a downgrade of our credit rating because the credit agencies can have no assurance that “step 2″ of this will go any better than step 1. Such uncertainty and credit downgrade will lead to higher interest rates, reduced GDP growth and higher unemployment, thus keeping Obama from being reelected, they hope. That is their only goal here. Mitch McConnell said himself that his ONLY goal was to make Obama a one-term President.
These Republicans do not care are about the country. They will gladly hinder the economy over the next year and a half if it will help them capture the White House in 2012. I hope voters are paying attention and now see who has their best interests at heart and who doesn’t.

Randall— That is the problem in this country today, is neither party understands moderation. The strength of a 2 party system should be a synergy, with the strengths of both parties meeting in the middle, and right now, I am completely repulsed by the Republican party, whose idea of compromise, is complete surrender, by the Democrats. The Democrats have their share of problems also, but right now, even with Obama in office this country is being run by big corporations, led by the like of Rupert Murdoch with the False News Network.

This article doesn’t talk about what HUGE cuts to entitlements are being considered. Since Social Security retirement benefits aren’t really an entitlement, but our own money we invested for the purpose of having retirement income, then can I assume the government isn’t PLANNING ON RIPPING ME OFF so that the Super rich can take my money?

The president is going to have a difficult time winning re-election if this deal doesn’t get done soon. This is why the ball is in the republicans court.
A deal will get done, no matter how republican leaning it is. The president cannot let a failure to reach a deal ruin his chance at 4 more years. If no deal is reached, both parties look bad, but the president will be in the spotlight.

INDYUSMC | JUL 24, 2011 10:08:30 AM posted: “Libs, just shut up already! Your “lets blame the Republicans” for everything is getting old. Guess what, YOU FAILED!!! So just shut your pie hole and get out of the way!”
This is a perfect example of what our nation is up against. Misinformed, inflexible, and mean spirited conservatives whose solution is to crush government services. Fortunately, they are not a majority.
Despite what these anti-government saboteurs say, non-defense spending, such as foreign aid, education, and “socialist” programs) has NOT been the major contribution to our national deficits for decades. In fact, it accounts for only 15% of the budget.
Cutting these programs alone is simply NOT enough to reduce the deficit.
So why is our national debt so huge? First and foremost, the Bush tax cuts have had the most effect. If all of them expired as scheduled at the end of 2012, future deficits would be cut by about HALF, to sustainable levels.
Second, this Great Recession’s job losses caused a huge dip in tax revenues. In our past, the federal government’s SHORT TERM job was to spend to help us out of a deep trench. Obama’s stimulus spending was just that, short term.
Clearly, our nation still needs stronger job creation policies. And, increasing the tax rates can actually stimulate job growth.
How? The past decade of low taxes encouraged profit taking – higher CEO salaries and stock market investments. On the other hand, returning to pre-GW Bush tax rates can encourage companies to re-invest profits into their businesses to AVOID paying taxes. More Research and Development, new facilities, and market expansion adds jobs.
So there are ways our nation can move out of this deep trench. Continuing tax cuts for the wealthiest is NOT the answer. It will take not only cuts to government services, but also new revenues and closed tax loopholes. It appears the only way to get this done is to vote out extremist Libertarian style Republicans at the national and state levels.

So let me get this right. The gop have three budgets and the democrats have none.
Yet, it is the gop who is at fault for not proposing something.
Democrats are sick in the head.

@ron
@cnd fox
How is raising the debt ceiling good for the country?
Previously, The US owned our own debt.
Now foreign nations own the majority of our debt.
That gives foreign nations leverage over our economy.
I supported Obama’s NO vote on the debt ceiling when Bush was president and I support the obstructionists NO vote NOW!

Why do the Republicans always have to be the grown ups in the room, doing the right thing for the country, while the dems can be petulant tax ravenous little rodents? Why Boehner has to be concerned abt the Asian markets and the bummer can just enjoy his lobster salad by the poolside and just cool his heels ?

“How is raising the debt ceiling good for the country?”
It’s not about being “good” or “bad”. It’s about being necessary.
Most countries do not have a “debt ceiling”. It’s a silly construction that has nothing to do with actual budget decisions. The Congress votes for a budget, allocating funds, etc. Then the “debt ceiling” needs to be raised to pay those bills. The debt ceiling does not allocate those funds. They’ve already been allocated by law. They must be paid according to the law. Not raising the debt ceiling does not solve that problem.
The time to make budget decisions is when writing the budget. Not raising the debt ceiling is akin to not paying your credit card bill when it arrives in the mail. You’ve already bought the items. Not paying the bill doesn’t unbuy them. Not paying the bill only ruins your credit rating and raises your interest rates. That’s the same thing not raising the debt ceiling would do to the country, which would ironically make the debt WORSE, by raising out interest payments.

GREEN GODDESS- Great common sense comment. As Always.

I like most other people was caught in 2008 lost most of my 401k retirement during the US housing and economic collapse (it was the GOP grand time in Bush years). But this time, I am prepared. Whatever the economic and stock situation made by GOP for the wealthy top 1% on Wall Street, SELL HIGH and BUY LOW to stay on top. I feel sorry for the middle class, only the wealthy can have extra money to play this game to be a winner.

@ron
“It’s not about being “good” or “bad”. It’s about being necessary.”
I don’t believe its necessary.
There are plenty of cuts that don’t include SS that could be made.
Including defense and closing foreign bases.
The Fed holds over 1 trillion in debt over the Government as well. Makes no sense at all.
I couldn’t care less about other countries having no debt ceiling.
Did Greece have a debt ceiling?
So, your saying it’s ok to buy stuff you don’t have the credit for, then get your credit limit increased once the bill comes?
I disagree. Regardless of party.

I’m a registered “independent” meaning I can’t vote in any primaries (at least in my state we’re not allowed), but when it comes time to vote in the general election, I’m going to remember those who were intransigent and vote against them. Ordinary people like me have GOT to voice our disappointment and opposition to in the-pocket-of-the-tea-party candidates, or opposition to heavy-on-the-taxes-and-entitlement democrats, and opposition to republicans who want to shut down all entitlement programs and still spend so much on war and war game toys, as well as letting the very rich keep huge tax breaks while talking about sacrifice for the common man, the wage earner. As is evident, I think the blame for this can be spread around to all involved.

THE TRUTH…what can I say to someone who doen’t obviously understand what ‘defaulting on debt means’, who doesn’t understand how a nation of 300 million plus – many of whom are poor or soon to get extremely poor – operates, or who obviously has no clue what a’debt rating meeans’ in relation to how the world financial system operates. What can I possible say beyond that – to dent that kind of blind (possibly self-serving greedy) ignorance?

Every time the Democrats parlay the increased taxes with spending cuts, the taxes get raised and nothing gets cut. This is the basis for the reluctance by the Republicans. Why should more money be collected and given to the irresponsible Dems to just put into a rat hole like they did with the stimulus and all of the bail outs they did. I know; I know – GWB was in power when TARP was done, but the Dems put the car in ROAR gear and just plowed through trillions after that. Now it is the Republicans’ fault? Also, this is just the debt ceiling increase – what about the deficit. Oh, I forgot, we don’t have a budget because the Dems can’t seem to put one together. SIGH.

The Democrats have their share of problems also, but right now, even with Obama in office this country is being run by big corporations, led by the like of Rupert Murdoch with the False News Network.
Posted by: parma hts gary | Jul 24, 2011 10:46:24 AM
You fail to mention Soros and his media outlets, Inmelt, Buffet, etc. OBAMA is being run by big corporations. He is nothing more than a Soros puppet.
Look up how Soros and Brazil oil. Obama told Brazil we will be their best customers….

evilbunnies wrote: “Obama did put us in this position…no one, not even Bush, spent this much or should I say REDISTRIBUTED to GE, GM, GOLDMAN SACHS, UNION HEAD HONCHOS, OVERSEA ENTITIES, GEORGE SOROS ETC. ”
I don’t know what exactly you’re referring to with “GE”, “UNION HEAD HONCHOS”, OVERSEAS ENTITIES” and “GEORGE SOROS” but the GM bailout was put in place by Bush (after Obama came into office, he changed the terms so that GM actually had to restructure itself and pay back the money to the government, something Bush’s bailout of GM didn’t do) as was TARP also done in 2008 when Bush was President, which I assume is what you’re referring to when you say Goldman Sachs.
You’re confused.

If you think about it, a reduced credit rating isn’t a bad way to encourage reduced borrowing. If one borrows less, then higher rates of borrowing are a reduced problem. Seems the markets are bloated anyway, guess it might me time for reality check and readjusting, say back to 8000 for the DOW.

As President Kennedy said “Ask not what your country can do for you – ask what you can do for your country”! He didn’t say “Ask what everyone else should be doing for your country”! The question for each party is: What will you offer! instead of: You are not doing enough! Each should make their best offer and move to approve it!

9:26:31 AM How clever.

RON | JUL 24, 2011 11:34:59 AM…..The Bush tax cuts produced record TAX REVENUE (see Dept Treasury charts) in 2005 and 2006, and was on pace in 2007 for another record when the market turned down in Oct (of 2007).

SIMONPETER | JUL 24, 2011 11:39:56 AM….The bottom 49% pay ZERO federal income tax. The top 5% pay almost 60% of federal taxes.

“The top 5% pay almost 60% of federal taxes.”
Apple and oranges comparison. You’re comparing population #s (“5%”) with monetary numbers (“60% of federal taxes”).
You need to compare like to like or your equation is invalid. How much of the country’s income/wealth does the top 5% of population have? I guarantee it’s not 5%. Thus your comparison is useless.

Ron,
The President and his party had total control from 2008-2010 and could have raised the debt ceiling by $5T if they had wanted to – they did not.
If the President was serious about deficit reduction, he could have submitted a budget request in February that reflected that priority – he did not. In fact, what he submitted INCREASED spending, and not even ONE Democrat voted for it.
By all means, keep buying the line that it’s all those evil, evil Republicans causing this.
Federal spending has increased 30.1% in the past three years. The debt has increased by nearly $5T since Obama has been President. The Republicans’ fault? I think not.

opentosuggestion 11:46:20 AM…Thanks!
..and may I add to the narrative that all members of Congress respond in reverence, echoing gently throughout the halls and chambers of the Capital Building a heartfelt affirmation of these stated beliefs through the utterance of a unified chorus of ‘ChaChings’, while checking their Blacberries for the balances on their campaign funds accounts.

If not now, when?
And I mean global economic depression. It is inevitable whether now or a decade from now, given the history of the business cycle which, historically, has included an occasional Depression period.
It will happen sooner or later, afterwhich recovery begins.
So, if now now, when? We appear to be psychologically somewhat ready for it. That would be better than it suddenly happening overnight, when we are not expecting a Depression.

@ Green.Goddess; I am far from being an aniti-government saboteur, in fact, I have served this country for almost twenty years and gone to combat on more than one occasion. I have also lived through this political mess before (1979 and 1995) and really do not want to go through it again. Unfortunately, we are. As far as misinformed goes, 95 percent of my job is research since I am an engineer and I also have to do a TON of research going through grad school as well. You also say that the Bush tax cuts have a lot to do with this, NO! The 53 percent of people not paying taxes while I get jammed is most of the problem but what is the solution? MORE TAXES!? REALLY? How about we get people like Jeffrey Immelt and Timmy Geitner to start paying their taxes, that would be a great start.

evilbunnies wrote: “Yeah, yeah, most countries don’t have a debt ceiling…zimbabwe, venzuelea, Greece..”
Um, nice cherrypicking. Try NO major industrialized country besides tiny Denmark has a “debt ceiling”.

What is wrong with the USA leadership.Why don’t you pay into Social Secuity like the rest of the working U.S. citizens,if you did you wouldn’t be so quick to cut our retirement we worked for all our lives,and the medicare that is needed more as we age.So all you great U.S. leaders start paying social secuity .Quit taking from the people who has made America by paying in their social security.How dare you call it ENTITLEMENT,it is ours we woked and paid for it everyday.Wake up.

NO,NO,NO SAMEAGAIN! It is actually getting them to PAY their taxes. Oh, I forgot, those are P-BO’s buddies and they’re exempt. Sorry for being so confused. I’ll try not to let that happen again.

1.STOP BORROWING MONEY THROUGH THE FEDERAL RESERVE, GO DIRECTLY TO THE US TREASURY.
2.DEFAULT AND BALANCE THE BUDGET.
3. BRING OUR TROOPS HOME. THEY NEED TO STOP PROTECTING GLOBALISTS ASSETS AROUND THE WORLD.
4. LET THE DOLLAR DROP AGAINST OTHER CURRENCIES, IT WILL MAKE US MADE PRODUCTS MORE EXPORTABLE.

There is no debate, America has responsibilities and we must honor them no matter what the cost. The party of “NO” must be minimized!

The Republicans are a deceptive bunch. I get tired of hearing them bemoan spending in Washington – they spend money too. They voted for many of the spending initiatives that brought us to the current debt ceiling, and now they act like they had nothing to do with it. I agree with Boehner that America needs to get serious about spending cuts, but EVERY american need to get involved with where the cuts are made. If we leave it to the new Radical Republican party, America will feel more like Mexico.

@cnd fox
In response to your 11:19am comment.
What kind of answer is that?
Is that all your educated mind has is to call people ignorant.
It is your job to educate the ignorant is it not?
I understand what default means but as I stated many times I don’t think the US needs to default without a debt ceiling increase.
I hardly trust the credit rating agencies anyway. Remember Enron & Worldcom.
How will raising the debt ceiling make the poor people you reference better off?
You want higher taxes to, in theory, force companies to invest and hire, in order to avoid taxes. I understand the logic but the problem is THERE IS NO LONGER ENOUGH WORK. We outsourced everything. Why would a company hire someone to do nothing!
Even still, You can raise taxes, and do whatever you want without raising the debt ceiling.
The wars need to end, close foreign bases.
Entitlement reform, while necessary, should not be part of the discussion at this point.

how is it the bigest lyers and con artest are running our goverment its like a soap opera they dont care they have jobs and free healthcare when most of them should be locked up

In my opinion John Boehner is either caught up in his own over inflated of himself, so intoxicated by his new found “power” as to have lost sight of his responsibilities as an elected representitive to do what is best for the people of this country, or he perhaps believes he is gaining something politically.
It seems that any time a possible agreement is close then he walks out like a child quitting a game if he can’t get his way. Is this a way, in his mind, to make the President look ineffective? I think it only makes him look like a fool. By the way has anyone with the resources to do so looked into who may be gaining either monitarilly on politically from these unreasonable delays.

I THINKS THEY SHOULD LEAVE THE POOR PEOPLE ALONE. WE CAN NOT MAKE IT NOW THEY NEED TO GO AFTER THE RICH PEOPLE AND LEAVE US POOR PEOPLE ALONE WE DO NOT GET THAT MUCH MONEY NOW YOU ALREADY TOOK MONEY AWAY FROM US FOR THE LAST 4 YEARS I THINK THATS SHOULD BE ALL FROM THE POOR PEOPLE

O’bammys altar of NO! 0′bammy and his dems have had over SIX years to present a budget, but because the demos had a majority, ANY budget they passed would have the dems and 0′bammy as SOLE OWNERS and if ANYTHING went WRONG…..they would be the party blamed. THAT is the REAL “CAN” that got “KICKED DOWN THE ROAD! 0′bammy and his dems are the most irresponsible group of spoiled brats that EVER were elected!

I KNOW THAT WHEN WE ELECT A SENATOR OR A REPRESENTIVE TO GOVERN OUR AREAS OF RESIDENT, WE EXPECT THOSE PEOPLE TO DO THIER JOB! SINCE THEY AREN’T DOING IT JUST FIGHTING THE GOOD OLE BOY WAY. WE COULD SETTLE THIS IN A HEART BEAT! JUST STOP PAYING ANY OF THEM THAT ARE NOT DOING AS THE PEOPLE WISH! THIS ISN’T A CONTEST BUT OUR LIVES. AMEN!!