Originally posted by KunsooRich people seem to have this vague sense that if you feed something money it will grow, and if you starve it for funds it will go away, and since they're rich they can decide what withers and what grows, and since they're rich they must be smart and it's all for the best.
Oh, I don't know. Maybe because millions of working class people will suffer immensely if they don't?
Oh, them. They don't count.
It's a delusion that gets shattered by peasants with guillotines every so often.
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Originally posted by KunsooReid's plan will be a disaster for Democrats. The best possible result for that party is if the Republicans refuse to budge an inch off the Boehner bill and a default occurs. Obama could then just invoke the 14th Amendment, borrow to pay the government's obligations and use available revenues for other services.
Oh, I don't know. Maybe because millions of working class people will suffer immensely if they don't?
Oh, them. They don't count.
That is the only way for the Dems to avoid losing this showdown politically since they have chosen to cave in on their politically popular positions at the behest of bankers.
EDIT: A recent CNN/ORC International Poll reveals a growing public exasperation and demand for compromise. Sixty-four percent of respondents to a July 18-20 survey preferred a deal with a mix of spending cuts and tax increases. Only 34% preferred a debt reduction plan based solely on spending reductions.
According to the poll, the public is sharply divided along partisan lines; Democrats and independents are open to a number of different approaches because they think a failure to raise the debt ceiling would cause a major crisis for the country. Republicans, however, draw the line at tax increases, and a narrow majority of them oppose raising the debt ceiling under any circumstances.
http://www.cnn.com/2011/POLITICS/07/30/debt.talks/index.html?hpt=hp_t1
Note the last sentence; the majority of Republicans in this country want a default.
Originally posted by KunsooPerhaps...but he may make the cover of GQ magazine!😀
His plan is so bad that he knows the credit rating agencies are going to slam it, but it's "beyond his control."
http://tpmdc.talkingpointsmemo.com/2011/07/boehner-beyond-my-control-how-ratings-agencies-treat-my-debt-limit-plan.php?ref=fpa
Not that it matters. It looks like he doesn't even have the votes from his own party.
http://talkingpointsmemo.com/archives/2011/07/this_is_huge.php
Whatever happens, his days are numbered.
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Originally posted by no1marauderThere are four Republicans who didn't sign that letter, and McCain has been showing leanings of his long abandoned "maverickyness" over the past few days. That leaves one vote.
Good news; the Republicans in the House have voted down the Reid plan before it even got to a Senate vote. Hopefully, Obama can start seriously considering ways to keep paying the bills under one of the proposals in the other thread I started.
And then the House.