It means your IRA won't take quite as big a dump if the nation defaults. It will still go to shit, though.
USA Federal government: CLOSED
- Thread starter strawman
- Start date
Right, but if the short term debt is being dumped, in order for it to be more attractive interest rates will have to go up. That there is bad for the National Debt. Which is why refusing to raise the debt ceiling is STUPID and counter intuitive.
I think he means that he's got all his Glen Beck gold locked away in his cellar so obviously he's fine (or something).
I know, right? Gubbermint shuts down and cops're still running around. It's like you can't get rid of 'em!
--Patrick
GasBandit
Staff member
The House is looking to pass a short term debt limit increase to avoid default during the shutdown. The white house ain't havin' it.
Whaargarbl.
Ok... if this is a metaphor for a hostage situation, basically the President says "we won't accept the release of ANY hostages until we get the particular hostage we want!"twitter said:
Whaargarbl.
The problem with getting news from twitter is that it's not so much news as sound bites.
At the private meeting with House Democrats on Wednesday, Obama said he would consider a short-term deal to raise the federal borrowing limit, a Democratic lawmaker told CNN.
"Obama warned the House Democrats that if Republicans want to propose a short-term fix and Democrats say no, they would lose the high ground in the argument over which party was being reasonable."
So Obama will accept the short term debt ceiling increase but he will refuse to allow that to be the Republican's compromise.
GasBandit
Staff member
Well, that's something of a relief then. The NBC website story seems to corroborate the tweet, saying that Obama's insisting the debt limit be raised AND the shutdown ended before he'll negotiate at all, but I hope CNN's got it more correct this time.
I can call a suggested course of action stupid without calling the person who suggested it stupid. Just as I'm sure you know the difference.
GasBandit
Staff member
That's not what he means, he's talking about how democrats raised such a fuss over using verbiage such as "setting our sights on" and other "targeting" rhetoric so close to a particular shooting, saying that we all needed to elevate the civility of our discourse and back off all the scary gun words.
As a general rule I will quote a post I respond to unless it is the one right above mine (or I miss a post during a reply, at which point I will go back and edit as needed).
Gotcha. Sorry for presuming you were talking to me. I'm guessing it was a post from a poster I'm ignoring since PatrThom's post didn't seem all that bad
Only if you ignore Gas. I though ignored posts still showed up as having been made, with the content hidden? Is that not the case?Gotcha. Sorry for presuming you were talking to me. I'm guessing it was a post from a poster I'm ignoring since PatrThom's post didn't seem all that bad
GasBandit
Staff member
Yeah, he ignores me. From what I hear the ignored posts, while there is a marker for where they fit, are still pretty unobtrusive.
Yes, I am.
Nope, it doesn't even tell me he posted. My only indication he posts in a thread is at the bottom of the thread it gives me the option to show ignored content.
GasBandit
Staff member
But will you stop...believing?
GasBandit
Staff member
I'll hold on to the feeling.
GasBandit
Staff member
GasBandit
Staff member
So, John Cornyn (R-TX) and Susan Collins (R-ME) have decided they hate Ted Cruz (R-TX) enough to torpedo the debt limit compromise, announce their intent to work with Democrats to attach a CR rider to the debt limit increase legislation when it arrives in the senate. - One that completely defeats the notion of "compromise" in favor of "just give in to the Democrats already." Wow. I knew Collins has been a RINO for years, but the way Cornyn's been acting lately, he must have decided he's tired of being a Senator. At least for Texas.
That gif actually kind of creeps me out.
"Compromise" and "Giving into the Democrats" in this case being what the republicans claim to want the government starting back up.
Obama has supplied a positive response to the idea of extending the shutdown by passing a temporary debt increase.
This means that the shutdown would continue past the debt increase date of the 17th, allowing the US to continue borrowing to pay for ongoing (so-called essential services) expenses the shutdown hasn't affected.
It only extends it an estimated six weeks.
The language being used is tentative, though, and republicans may back down from that offer now that senate democrats and a few republicans are suggesting they may attempt to attach clean appropriations bills to the debt limit increase.
Obama's minion is very deftly avoiding answering questions such as whether this "discussion" was a negotiation, and whether he will negotiate once the debt limit issue is solved, or if he will insist on a passed clean appropriations bill before negotiating, as he has insisted up until now. Obama has a history of saying things, then being sorry he said them and looking for a way out without losing face (ie, red line re Syria). So calling this most recent budge a discussion suggests that he may be looking for a way out.
Of the 500+ congresscritters, about half are forgoing their pay during the shutdown to demonstrate solidarity with those affected by it.
This means that the shutdown would continue past the debt increase date of the 17th, allowing the US to continue borrowing to pay for ongoing (so-called essential services) expenses the shutdown hasn't affected.
It only extends it an estimated six weeks.
The language being used is tentative, though, and republicans may back down from that offer now that senate democrats and a few republicans are suggesting they may attempt to attach clean appropriations bills to the debt limit increase.
Obama's minion is very deftly avoiding answering questions such as whether this "discussion" was a negotiation, and whether he will negotiate once the debt limit issue is solved, or if he will insist on a passed clean appropriations bill before negotiating, as he has insisted up until now. Obama has a history of saying things, then being sorry he said them and looking for a way out without losing face (ie, red line re Syria). So calling this most recent budge a discussion suggests that he may be looking for a way out.
Of the 500+ congresscritters, about half are forgoing their pay during the shutdown to demonstrate solidarity with those affected by it.
GasBandit
Staff member
If Cornyn and Collins attach the Democrats' CR (which will include obamacare funding), then send it back to the house for reconciliation, it will be DOA, when the debt ceiling crisis could have been delayed another couple months while all the rest of this gets hashed out. That's why it's torpedoing compromise.
I doubt they would be "working with Democrats" or rather the Democrats wouldn't be working with them, if the plan didn't include TACA funding.
I saw that a lot of the Congressmen are donating their pay to various charities that help people that are being effected by this. I wonder if they plan to use the donations for a big tax write-off.
If he doesn't give in, he's being unreasonable. If he gives in and decides to work with them, it means he's sorry he ever said it and trying not to lose face.
Of course they will get the tax write off, but the money they save on taxes is vastly less than the money they're donating. While one could say they are recovering some of it, they're still losing the money, and they aren't likely to get it back, though back pay might be given to those affected by the shutdown.
So while there may be some small ulterior motives, I don't think one can easily paint this as a selfish move.[DOUBLEPOST=1381436804,1381436477][/DOUBLEPOST]
If the house passes a debt ceiling raise without riders before the 17th, it would look bad for the democrats to turn it down, or torpedo it by adding riders. But the republicans still hold power over it since it only lasts until the end of November.
So while there may be some small ulterior motives, I don't think one can easily paint this as a selfish move.[DOUBLEPOST=1381436804,1381436477][/DOUBLEPOST]
I don't think he's in a good position either way. He's backed himself into a spot where he either loses face, or waits the republicans out. However right now he can claim it was never about the debt ceiling, and tell congress to pass that without any riders about the closure or healthcare to keep the economy stable.
If the house passes a debt ceiling raise without riders before the 17th, it would look bad for the democrats to turn it down, or torpedo it by adding riders. But the republicans still hold power over it since it only lasts until the end of November.
Why is he losing face? This has always been about making sure the health care law stays funded, and Republicans know they can at least make a stand on it. Saying he's willing to negotiate a bit, and even if he allows some cuts to the budget to get the government going now, it isn't losing face. It's compromise, and it's not a bad thing.
And I should say, same goes for Republicans. Backing away from healthcare isn't losing face or being the weaker party. It's compromise, and it's not a bad thing.
"For the 21st time, Senate Budget Chair Patty Murray (D) called for House-Senate budget negotiations, which would occur after the government re-opens at status quo levels. For the 21st time, Republicans blocked the request"
Damn obstinate DEMONrats!!
You two are adorable.
Damn obstinate DEMONrats!!
You two are adorable.
I don't see why they wouldn't.
GasBandit
Staff member
Obama's made several public declarations over the last couple weeks that he would refuse to negotiate at all until the Republicans ended the shutdown unconditionally (funding Obamacare and everything else). He phrased it as refusing to "negotiate with a gun held to my head." (There's that violent Republican rhetoric again)