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View Diary: Debt Ceiling Follies: Extremist ideology, partisanship over country and incompetence rule the day (222 comments)

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  •  Oh yes, let's make BO and Ds own this completely (1+ / 0-)
    Recommended by:
    JC from IA

    even tho Thugs caused it all.  And not avoid the downgrade and interest rate jacks and economy crash, et-frakking-cetra.

    But it would allow every Thug to blame Ds and BO for the harm every minute of every day.

    Do you also cut your head off when you have a cold?  

    •  this is trial run, we won't be borrowing $ next YR (0+ / 0-)

      what kind of insane person would buy US Treasury bonds now?  

      Since this hasn't been a proper negotiation then this will be a train wreck.  

      Let the idiotic GOP complain all day, every day.  The president can hold a press conference every day and ask the house to pass a clean debt ceiling increase until
      they finally do it.

      He's rewarding these economic terrorists right now, like he did in December with the idiotic decrease in social security taxes and extention of Bush Tax Cuts.

      They will keep on asking for stuff.  These are little kids, they must be stopped right now.

      80 % of success

      IS JUST

      showing up! ! ! !

      by Churchill on Sun Jul 31, 2011 at 04:30:45 PM PDT

      [ Parent ]

      •  Well, you obviously don't know how that market wor (0+ / 0-)

        ks.  This exactly what the bond market wanted: reduction of long-term US debt growth and no tax increase.  See, S&Ps pronouncements on this.

        They woulda also been satisfied, tho not happy, with a plan that relied in some part on revenue/tax increases.  So long as it reduced long-term US debt growth.

        Now, POTUS not agreeing to slash long-term debt grow AND not paying 40% of US bills AND the poltical system paralyzed over this until 2013... that the bond markets would not take.  S&P was quite aware of your alternative - even aware that by statue some variation of it is all POTUS can do unless the debt ceiling is raised, yet they said they would downgrade US bond rating even if the ceiling was raised but the cuts/tax was only what Bone-head1 proposed.  

        So, how u decide that POTUS doing the same without a debt ceiling increase and cuts/taxes escapes me.

        •  they'll keep loaning $ to this idiocy that is (0+ / 0-)

          Congress?  They couldn't run a lemonade stand.  This is hideous.  You obviously don't know how much this will cut jobs, but it will probably be a lot..

          80 % of success

          IS JUST

          showing up! ! ! !

          by Churchill on Sun Jul 31, 2011 at 05:53:41 PM PDT

          [ Parent ]

          •  No, I loathe this deal, as I've said here and I've (0+ / 0-)

            made my share of criticisms of Obama.  Indeed, I explicitly and repeatedly said in comments 'its the amount and timing of the discretionary cuts that matters'.  'Cause it will do to the recovery exactly what Thugs want and need to win in '12: strangle it.

            It's why I didn't go ballistic about the Grand Bargain.  You can't bind future Congresses (except by Constitutional amendment).  Some here said, 'reject it, it'll get better'.  So, here we are - all the cuts, a constitutional amendment that will straightjacket the government and make Keynesian economics un-frakking-constitutional and no Thug agreement to raise a single $ of revenue.

            How's the Grand Bargain looking now?

        •  it's statutes, not statue (0+ / 0-)

          80 % of success

          IS JUST

          showing up! ! ! !

          by Churchill on Sun Jul 31, 2011 at 05:55:22 PM PDT

          [ Parent ]

        •  the markets don't understand the riots in the (0+ / 0-)

          streets.  I don't like James Carville, but he said that he was worried about civil unrest (riots).  With these cuts, their just might be riots.

          80 % of success

          IS JUST

          showing up! ! ! !

          by Churchill on Sun Jul 31, 2011 at 05:57:11 PM PDT

          [ Parent ]

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