What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

The 112th Congress: Debt ceiling edition

  • Thread starter Thread starter Priceless
  • Start date Start date
Status
Not open for further replies.
Re: The 112th Congress: Debt ceiling edition

Kepler said:
An alligator means deceit, orange means hope, and a waterfall means you forgot to pee.
Click to expand...

jGdFu.jpg
 
Re: The 112th Congress: Debt ceiling edition

JF_Gophers said:
I think i've come to the side of not raising the debt ceiling (ever) and just letting us default. Not because I want a crap economy, but because I want our current government blown up so we can start over. If we default, 90% of those people are going to be out of office next time they are up for election.

I can't believe we elected those people in the first place. There should be a test to see if you are capable of the job.
Click to expand...

This raises some interesting points. If the economy literally collapses, the poor will hurt but in a total whitewash...its the rich who have most to lose.

You're assessment is likely felt by honest tea partiers...and likely the lower income and possibly rural segments of the GOP. This is historically a segment the larger GOP has treated rather poorly as it has continued to improve the economic situation of the richer over this segment. And this 'patriotic' lower income side of the GOP has largely taken it without blinking.

But now interestingly the poorer conservatives who appear to be open to chaos seem to be willing to bring down the system...and the GOP rank and file could be getting its Bastille moment.
 
Re: The 112th Congress: Debt ceiling edition

At some point this thread will self implode, but if the Congre$$ does not raise the debt ceiling is that the same as a balanced budget amendment?

I mean, if you can't borrow, you can't then spend more than what you take in. Right???
 
Re: The 112th Congress: Debt ceiling edition

joecct said:
At some point this thread will self implode, but if the Congre$$ does not raise the debt ceiling is that the same as a balanced budget amendment?

I mean, if you can't borrow, you can't then spend more than what you take in. Right???
Click to expand...

I don't think threads lock anymore. The Lodge thread is over 1300 now. Last threads that locked were before the mass deletion...
 
Re: The 112th Congress: Debt ceiling edition

Shocking

Members are advised that the House GOP Leadership has postponed the votes on the motion to recommit and final passage of S. 627 – Speaker Boehner’s Short Term Default Act
Click to expand...
 
Re: The 112th Congress: Debt ceiling edition

5mn_Major said:
Pls explain.
Click to expand...

one party assumes the risk of default and will pay the other party big money if the default happens. otherwise, the seller of the CDS recieves a monthly or yearly income stream from said instrument. Basically one party feels they are better off getting some cash flow and that there is a small risk of US default, while the other party feels that a default is possible and can cash in. Think insurance. john paulson did the same thing with the housing market and his bet against it.
 
Re: The 112th Congress: Debt ceiling edition

The US House has postponed the vote on the Boner plan and are (wait for it) naming post offices.

Edit: The guy from Oklahoma introduces bills, they pass, then he objects to the vote so the bills are tabled. Please tell me this is some sort of weird procedural action and not just a bunch of smartasses fiddling while Rome burns.
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

"I won't spend one more dollar upon my kids and grandkids because of the way I structurally spend money on the town"

Fixed his post
 
Re: The 112th Congress: Debt ceiling edition

Priceless said:
The US House has postponed the vote on the Boner plan and are (wait for it) naming post offices.

Edit: The guy from Oklahoma introduces bills, they pass, then he objects to the vote so the bills are tabled. Please tell me this is some sort of weird procedural action and not just a bunch of smartasses fiddling while Rome burns.
Click to expand...
IIRC, a person who votes with a majority can ask that the action be tabled. But House rules are different from Roberts Rules.
 
Re: The 112th Congress: Debt ceiling edition

joecct said:
IIRC, a person who votes with a majority can ask that the action be tabled. But House rules are different from Roberts Rules.
Click to expand...

But why would he object to the passage of bills he himself proposed after they passed? If they had failed, I would understand, but they were all approved by voice vote.

The House still hasn't scheduled the vote. Boner is still twisting arms. Or maybe coming to the realization that he has failed.

Meanwhile, there's a scenario the executive branch could use to avoid default, and it's not the 14th Amendment.

Sovereign governments such as the United States can print new money. However, there's a statutory limit to the amount of paper currency that can be in circulation at any one time.

Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
Click to expand...
 
Re: The 112th Congress: Debt ceiling edition

Word now is there might not be any vote tonight (shocking!) and the bill will be sent back to the Rules Committee to be butchered a little more in an effort to get a few more votes. Fortunately we have plenty of time to wait while they dicker around for political points.
 
Re: The 112th Congress: Debt ceiling edition

Priceless said:
Word now is there might not be any vote tonight (shocking!) and the bill will be sent back to the Rules Committee to be butchered a little more in an effort to get a few more votes. Fortunately we have plenty of time to wait while they dicker around for political points.
Click to expand...
I know there's a "deadline" (depends on who you listen to on how hard the deadline is), but this is looking more and more like the GOP version of Healthcare. Guess we'll have to wait till it passes to see what is in it.
 
Re: The 112th Congress: Debt ceiling edition

Why do I get the feeling I'm living through a real life West Wing episode?

Pretty sure I saw this one during season three.
 
Re: The 112th Congress: Debt ceiling edition

aparch said:
Why do I get the feeling I'm living through a real life West Wing episode?

Pretty sure I saw this one during season three.
Click to expand...

Try following the "cast" on Twitter. They're a riot. I'm especially impressed by whoever they have tweeting the Glen Allen Walker role.

---

Now the press secretary for the Majority Whip's office says there will be a vote tonight.

Wheeeeeee!

Edit: For example, one of the characters just pointed out that Rep Godot hasn't arrived in Speaker Boner's office yet.
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

:D which one is the democrats b*tch, err, I mean the Senator Stackhouse character? ;)
 
Status
Not open for further replies.
Back
Top