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

Here's a little game: Revenues for the month of August should be about $172.4B; there are $306.7B in bills due. Which bills should we pay? Make good to the defense contractors or the unemployed? Send checks to Grandma or pay a Pell Grant for the kid in college? Spend cash on interest or pay federal employees? The choice is yours!
 
Re: The 112th Congress: Debt ceiling edition

Reid is going to speak at 9:50 (he apparently has a time machine)

Edit: Reportedly the announcement is to delay vote until tomorrow. The reason for the 1:01AM vote was earliest Reid could schedule the bill. He's on now...

negotiations going on at the White House and they asked Reid to postpone bill. He says there will be no short term deal. New vote is scheduled at 1PM.
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

Personally, I'm relieved the poor hedge fund managers won't see their taxes return to 2001 levels. We should definitely put the burden of debt reduction on rich people like teachers, Grandma and college kids.
icon14.png
 
Re: The 112th Congress: Debt ceiling edition

Priceless said:
Personally, I'm relieved the poor hedge fund managers won't see their taxes return to 2001 levels. We should definitely put the burden of debt reduction on rich people like teachers, Grandma and college kids.
icon14.png
Click to expand...
Hedge Fund Managers create jobs. Teachers, Grandma, and college kids are, for all practical purposes, worthless.
 
Re: The 112th Congress: Debt ceiling edition

The early outlines of a potential deal have been leaked

Debt ceiling increase of up to $2.8 trillion
Spending cuts of roughly $1 trillion
Vote on the Balanced Budget Amendment
Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)
Committee must make recommendations before Thanksgiving recess
If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.
Click to expand...
 
Re: The 112th Congress: Debt ceiling edition

ExileOnDaytonStreet said:
#cautiouslyoptimistic
Click to expand...

This isn't a compromise. It's a capitulation. Democrats agree to this crap and I'm never giving them another donation, volunteering for any campaigns and registering Independent. We went from ending the Bush tax cuts to just closing a few loopholes to NOTHING. Not one phucking dime. What a disgrace.
 
Re: The 112th Congress: Debt ceiling edition

Priceless said:
This isn't a compromise. It's a capitulation. Democrats agree to this crap and I'm never giving them another donation, volunteering for any campaigns and registering Independent. We went from ending the Bush tax cuts to just closing a few loopholes to NOTHING. Not one phucking dime. What a disgrace.
Click to expand...
Given what they did in the lame duck session, does this really surprise you? :p
 
Re: The 112th Congress: Debt ceiling edition

Bakunin said:
Given what they did in the lame duck session, does this really surprise you? :p
Click to expand...

Given the history of the Democrats over the last ~10 years, it's more a question of how long they hold out before they fold, than if they will fold.
 
Re: The 112th Congress: Debt ceiling edition

Anyone else think federally owned and operated hotel casinos would work?

I mean, Vegas is doing pretty well for itself...

:D
 
Re: The 112th Congress: Debt ceiling edition

Almington said:
Given the history of the Democrats over the last ~10 years, it's more a question of how long they hold out before they fold, than if they will fold.
Click to expand...
Which is exactly why we should be glad that any "deal" involves a ceiling increase at all.

But, truth be told, this is one of those issues where the right-leaning parts of me win out. The Democrats need two things: A backbone, and to be taught that there's more to having a strong Federal government than just throwing money at everything so you can see what sticks. It's just a shame that they are having to be taught this lesson (which they won't absorb, FWIW) by the "corporations first" c-rags of the modern day GOP.
 
Re: The 112th Congress: Debt ceiling edition

Priceless said:
This isn't a compromise. It's a capitulation. Democrats agree to this crap and I'm never giving them another donation, volunteering for any campaigns and registering Independent. We went from ending the Bush tax cuts to just closing a few loopholes to NOTHING. Not one phucking dime. What a disgrace.
Click to expand...

Ah...so you're joining the tea party. Actually the dems have you and many other moderates who are just hoping to guns out of bars.
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

So, we're kicking the can down the road again like I could have told you to do months ago.

*shrug* Theoretically, revenue would be on the table in that commission, which will be stripped out of any agreement the Tuesday before Thanksgiving as the Democrats again fold.
 
Re: The 112th Congress: Debt ceiling edition

Other provisions of the debt deal:

House Democrats agree to give their Republican counterparts a massage 3x a week (still negotiating details re: Happy Endings).
GOP candidates for POTUS in 2012 are able to campaign in Air Force One twice/month.
All GOP voters get free upgrade to cable/DSL; Dems to pay $100/month for 56K dialup.
If "Super Congress" ideas are not implemented, NFL lockout resumes.
MSNBC and CNN will cancel programming and simulcast Fox News Channel.
Every Saturday there will be a car wash where Senate Dems clean the cars of Congressional GOP.
Those who earn <$15K/year become pets of those who earn >$1M/year.
Each time a person on Social Security gets sick, they have 1 in 10 chance of going on ice floe.
GOP to mark Shark Week by using Democratic staffers as chum.
Click to expand...

Harry Reid says this deal represents a great victory for Democrats.
 
Re: The 112th Congress: Debt ceiling edition

bronconick said:
So, we're kicking the can down the road again like I could have told you to do months ago.

*shrug* Theoretically, revenue would be on the table in that commission, which will be stripped out of any agreement the Tuesday before Thanksgiving as the Democrats again fold.
Click to expand...

The problem is that the result of having nothing pass in the fall is across the board spending cuts, so as long as no agreement in reached, no revenue increases will happen, just more spending cuts.
 
Re: The 112th Congress: Debt ceiling edition

Almington said:
The problem is that the result of having nothing pass in the fall is across the board spending cuts, so as long as no agreement in reached, no revenue increases will happen, just more spending cuts.
Click to expand...

LOL. Wow. 1st graders could predict what's going to happen in that case.

"Across the board" = including defense cuts? That's the only other thing Republicans actually care about.
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

bronconick said:
LOL. Wow. 1st graders could predict what's going to happen in that case.

"Across the board" = including defense cuts? That's the only other thing Republicans actually care about.
Click to expand...

Which means they'll be exempted.
"Anyone who votes to cut Defense Spending hates America!"
 
Status
Not open for further replies.
Back
Top