Home National Politics Debt Ceiling Follies: On and On and On We Go…

Debt Ceiling Follies: On and On and On We Go…

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The latest news in the utterly absurd, degrading (to the United States of America) debt ceiling follies? This just in!

*Senate Blocks Reid’s Debt Ceiling Plan; Talks Continue

But wait, it’s our friendly Kentucky Republican Mitch McConnell to the rescue! (snark)

*White House, McConnell ‘very close’ to debt deal (“The first stage would pair an increase of roughly $1 trillion with cuts to government agencies of about the same magnitude over the next decade. In the second stage, a special congressional committee would be created to identify additional savings later this year. The size of those savings would dictate the size of the second debt-limit increase, giving Republicans the dollar-for-dollar matchup they have demanded between spending cuts and the debt-limit increase.”)

Great stuff, huh? I think I’m going to go watch a movie for a while and escape from all this idiocy. Feel free to use this as an open thread to discuss the debt ceiling fight, and whatever else is on your mind. Thanks.

P.S. I just did a quick calculation, and found that Democratic votes fell off 32.9 million between 2008 and 2010, while Republican votes fell off only 21.2 million votes. That’s what gave us the Teapublican’ts in control of the House, and much of the ridiculous situation we now find ourselves in. Great job to all the Obama ’08 voters who didn’t bother to show up and support him in ’10. Not!

  • KathyinBlacksburg

    we are being forced fed McConnell/Boehner with a forced collision just pushed to 2013.  Dick Durbin just proclaimed it’s the end of Keynesian economics.

    Why didn’t Harry Reid just declare the hell with the filibuster.  It isn’t a matter of law.  Then his bill would pass.

    Obama needs to raise the debt ceiling himself and put off this madness until after 2012 altogether and hope that saner Republicans get elected.  Boehner/McConnell is/are insane.  Would anyone believe ANYTHING out of their mouths or want any plan of theirs?  Wait until American find out what is being given away and the colossal unconstitutional Super Congress.  The president should not agree to any of this, but should veto it.  Instead he is dealmaking with serial liars and thieves who’ve hatched a plan to steal what belongs to Americans.

    PS this is also how we will lose in 2012.  So the President will gain nothing by such a deal.

  • VADEM

    yeh. There’s gonna be a deal. it’s going to be a friggin’ nightmare for Dems. We can kiss Medicaid good bye as we know it, because while they’re not going after the people receiving it, they are going after it on the doctor and hospital side. So they’ll stop taking it. That’ll work.

    I have never seen such a debacle.

  • Jim B

    I am wondering why Obama is skipping his own senate leader Reid to negotiate with the repugs. Apparently Reid is going along if his fellow dems do. I am not too keen on default and don’t want to miss my SS, but maybe a short term one is the only way to teach the repugs a lesson. We all probably would have been better off to forgo our little tax break and let the bush tax cuts expire since Obama, and I may be wrong, will not be able to let them go next time.