Thread: Hope we have a resolution to the debt crisis over the weekend otherwis we are screwed

Bill was not posted until 1:45 AM this morning. Time for legal speed reading 101:
http://rules.house.gov/Media/file/PD...BT_016_xml.pdf
This is not a sure thing yet, don't let anyone tell you that it is. There are going to be a lot of Legislators who will want to vote this down while assuming others will vote for this, and some who will take one look at it and say "Forget this noise!"
As the old adage says, "Someone will do it. When you find Someone, please give me their phone number."

Originally Posted by Silverbird

Bill was not posted until 1:45 AM this morning. Time for legal speed reading 101:
http://rules.house.gov/Media/file/PD...BT_016_xml.pdf
This is not a sure thing yet, don't let anyone tell you that it is. There are going to be a lot of Legislators who will want to vote this down while assuming others will vote for this, and some who will take one look at it and say "Forget this noise!"
As the old adage says, "Someone will do it. When you find Someone, please give me their phone number."

Not etched in stone, by any means. However, somethings telling me that the Party Leaders will pull together enough votes and this review is nothing more then a formality. IMHO.
By the way, you know who misses you, right ? It's always my pleasure to stop by.

Interesting.

I cannot really find any difference between that version of a bill, and the last Senate Bill S. 627.

Here, compare, and you tell me the difference between the two:

Senate 627-
http://thomas.loc.gov/cgi-bin/query/z?c112:S.627:


And your bill you just posted from last night:
http://rules.house.gov/Media/file/PD...BT_016_xml.pdf


The Senate 627, was already rejected on a cloture motion in the Senate. They needed 60 votes to bring cloture, and they only got 50 votes to do that. So as I read it, there wasn't the votes before to even bring it to the floor for Senate action. And it was republicans who all voted no.


http://www.senate.gov/legislative/LI...n=1&vote=00122

You tell me- what is the difference in the language of the bill, that now there will be 60 votes to invoke cloture, and there will then be 51 votes to pass it in the Senate? Let alone 218 votes to pass it in the House?


I think it's going to be very crazy today.

ladies and gentlemen- it's a "hoodwink".

I just went through both bills. The Senate one is in fact the VERY SAME bill they rejected on Friday.

The bill Silverbird posted at the House bill, is in fact the same bill that only got 218 votes on Friday, and that the Senate rejected in a Cloture vote Friday night.

Anyone who says that there is suddenly agreement yesterday - obviously is pulling wool over the eyes of Congress.

If there wasn't the votes on Friday night to pass this piece of legislation, than why does anyone think there will be the votes today to pass it, especially after some of the things that were said about it Friday?


Here we go.

Originally Posted by James48843

ladies and gentlemen- it's a "hoodwink".

I just went through both bills. The Senate one is in fact the VERY SAME bill they rejected on Friday.

The bill Silverbird posted at the House bill, is in fact the same bill that only got 218 votes on Friday, and that the Senate rejected in a Cloture vote Friday night.

Anyone who says that there is suddenly agreement yesterday - obviously is pulling wool over the eyes of Congress.

If there wasn't the votes on Friday night to pass this piece of legislation, than why does anyone think there will be the votes today to pass it, especially after some of the things that were said about it Friday?


Here we go.

WOW ! Not Surprising, but WOW !

News flash- they've put off the vote in the House until later tonight at an undisclosed time.

That can only mean one thing- they don't have enough votes to pass it right now, or they would already be voting on it.


http://thehill.com/homenews/house/17...e-monday-night


Ugly. Real Ugly.

Looks like the president will raise the debt ceiling on his own and give congress another two years to try and hash it out. Sure is coming down to that option.

..And the House gets to vote first. Is this so the Senate gets to throw in the clean debt ceiling bill Hail Mary pass if the House doesn't deliver?

Ok, Treasury - Let's see that "No Debt Celing" plan. If it's what I think it is, there's nothing like a dose of reality. From what I can tell, the President can't take on new debt even with the 14th amendement - and that includes paying Congress for future sessions. You do have to pay for work before we hit the ceiling - which would mean we get paid in two weeks but have to go home now - you can't incur more debt, you know. And the "essential" workers - the question is can you actually force them to work if you are not allowed to pay them. Otherwise we are talking about forcing them to work with no way to pay - which is illeagal. Not the same situation as a usual furlough you know. Of course, trips to Yellowstone Smithsonian Washington Monument = out of luck, right in the cusp of tourist season.

Or am I just too cynical here?

Not too cynical at all.


P.S.- major defections today from the left.

http://www.telegraph.co.uk/news/worl...-on-Obama.html

Folks- it's going down.

It was nice to know you all as fellow employees. See you all in the soup line.\


great-depression-soup-line.jpg

Originally Posted by James48843

News flash- they've put off the vote in the House until later tonight at an undisclosed time.

That can only mean one thing- they don't have enough votes to pass it right now, or they would already be voting on it.

Ugly. Real Ugly.

Given the undisputed circumstances the USA faces - and the latest update on www.cnnmoney.com - it's pretty much impossible to avoid raising the ceiling debt.

Although your suggestion seems fairly likely it could be this is meant to set the stage to give the reigning politicians a more stand out presentation - kind of heroic glitter so to speak and make it look like they spent long hours in the night before they came to an agreement. But the celing debt will be raised and there is absolutely no way that can be avoided.

For the USA - Debt 'relief' means more Debt - and this long standing pattern has deepened since at least the early 80s. At this point the politicians can only play the Game of debating the issue for so long - but at least the Game makes us think they see the enormous problems associated with it. But the bottom line is much deeper and I don't care what party they represent - once withdrawl symptoms set in - they will most certainly make sure we get our next 'Fix'. I think they have drawn enough attention to the issue - that they can now look like 'heroes' and it will past tonight and for at least the next 2 years the celing debt will not be a problem.

The Economy is still struggling to survive - but all we can do is wait it out. Given our options 'Staying IN' has the highest probability of long term rewards. Business is going to do whatever it can to get strong - stay strong - and get stronger.

EDIT: Sorry about missing all the other posts -- have been working on this one in between activities

Originally Posted by James48843

News flash- they've put off the vote in the House until later tonight at an undisclosed time.

That can only mean one thing- they don't have enough votes to pass it right now, or they would already be voting on it.


http://thehill.com/homenews/house/17...e-monday-night


Ugly. Real Ugly.

I'm guessing that they want to wait until after the market closes - just in case.