Latest on the Debt Debacle

By Lloyd the Idiot

Tonight, the Republican-controlled House passed a bill to increase the debt limit, which was summarily dismissed (tabled) by Sen. Reid in minutes.

Speaker Boehner’s official response to Sen. Reid as caught by a video camera in a capitol hallway:

UDPATED with (somewhat) deeper thoughts:

1. Obama’s hole card, the 14th amendment, does not permit him to exceed the debt limit unilaterally.  See legal analysis here

2.  The only way out of this mess is a constitutional amendment to balance the budget.  No matter what they say now, Congress can always go back later and change the rules.  Exhibit A: Gramm-Rudman which was  touted as a “binding constraint imposed on federal spending.”  How’d that work out for ya?  And check out Ronald Reagan’s address on the national debt in 1985. Almost comical by today’s standard of irresponsible spending.

3.  If timing is an issue, increase the debt ceiling enough to get us by for another couple weeks.  Keep their feet to the fire, but do not allow this to go on until after the election.

Problem solved.


Comments

  • LloydTheIdiot says:

    And for the record, I have no control over the ads that run on this site, and that includes the inane ad by the Democratic Congressional Committee to the right.

  • Elder Berry says:

    Agreeing that the US should pay its already incurred bills ought to be a simple matter with little debate. Complicating that vote by tying it to what were sure to be complex negotiations about reducing future spending (how much to cut, what to cut, when to cut), thus putting our entire economy, our creditworthiness, and even the value of the dollar in jeopardy?

    Insane. Insane I tell you.

    A plague on both their houses at this point. The Congress has lost its mind. Boehner is ineffectual, Cantor is drunk with power, and Reid and Pelosi are useless. Poor American people, they thought they actually had a legistaure up there on the Hill, not a circus.

  • Elder Berry says:

    legislature.

    Time for bed, fingers are misbehaving.

  • Leeter says:

    Bohner is a weiner! ;-)

  • Loudoun Moderate says:

    If this were the British Parliament, these clowns would all be out on their arses; like, last week. All these idiots are concerned about is the next election. (I bet there will be no hold on their paychecks and healthcare premiums). What a bunch of incompetent idiots.

    I tried to call Frank Wolf’s office–line busy, busy, busy. Tried to send an email–site unavailable. I guess Frank was “out to lunch.”

  • edmundburkenator says:

    I wrote Frank Wolf a couple of weeks ago and his note back was very carefully worded. I can tell you he said everything needs to be on the table — even taxes.

    Frank Wolf = not a nut job.

  • Loudoun Insider says:

    I am so sick of this mess -they need to get it resolved, pronto.

    And that is Sean Penn’s greatest movie moment EVER. No one has ever spoken those words with more conviction and passion! Great movie with a great soundtrack as well.

  • Fred says:

    The floor leader responsible for shepherding the Boenher compromise bill was Congressman David Dreier of CA. The few clips I saw of Dreier on CSPAN reminded me of what a class act he is. He couldn’t disagree in a more cordial way and the respect he showed Democrat’s showed the true gentleman that he is. Harry Reid could learn a lot from David Dreier.

  • edmundburkenator says:

    I’m a fan of Dreier as well because he’s a politician’s politician. He loves what he does.

  • Loudoun Insider says:

    Just think, if the Nevada GOP hadn’t nominated that wacko Sharon Angle we wouldn’t be talking about Harry Reid any more.

  • Loudoun Moderate says:

    Well, LI, if McCain and Palin had not been the GOP picks for Pres. and VP, Obama likely (IMO) would not be in the White House today.

    I’m sick at what has happened to the GOP. As one reporter said, the tail (the extremist wackos) is wagging the dog (the sane element of the Party). Someone pinch me and tell me this is all a bad dream.

  • Wolverine says:

    Yeah, how dare those tails try to wag the old dogs who got us into this mess in the first place!!!

  • LloydTheIdiot says:

    I think I’m with you, Wolv, and the Tea Partiers on this one. Time to shake things up!

  • G.Stone says:

    “2. The only way out of this mess is a constitutional amendment to balance the budget. No matter what they say now, Congress can always go back later and change the rules. Exhibit A: Gramm-Rudman which was touted as a “binding constraint imposed on federal spending.” How’d that work out for ya? And check out Ronald Reagan’s address on the national debt in 1985. Almost comical by today’s standard of irresponsible spending”

    Lloyd is correct. This ia why Obama’s promises and plans cutting spending , after the next election, 8 years out ,10 years out is absolute crap. It is the same old hood wink and scam. Gramm-Rudman is the prime example. These commissions, blue ribbon panels, bi-partisan panels are all bullshit and everyone here knows it. They are excuses that enable politicians to prolong spending. Plans with triggers are another line of BS.
    They put in place a plan with a trigger than forces cuts after they fail to make the cuts they promised . The trigger is supposed to be some fail safe method of holding their feet to the fire. The problem is they simply sass another vote in congress to by-pass the trigger. How many hundreds of times have they voted to exceeed spending ceilings on specific legislation ? You can’t count em there is so many. This congress can not bind the next, they simply give triggers, ceilings and spending caps the middle finger and role on with spending as if nothing has happened.

    The whole time guys like Loudoun Moderate provide plolitical cover to the spenders by aliging themselves with our modern media and calling anyone who wants to stop the madness a wacho for wanting to take the check book from the drunken sailor. It is somehow sane to allow the status quo to continue. It is somehow sane and rational to use arguments about child labor, and the safety net being dismantled in order to scare voters or demonize the opposition. ED used one od these examples the other day and I thought it is almost impossible to debate this in a rational manner. When I heard Nancy Pelosi that very evening make some of the same crazy arguments I thought she had lurked here or ED had a part time job as a Capitol Holl speech writer.

  • G.Stone says:

    sass another vote = pass another vote
    role on with spending = roll on with spending
    Sorry spelling Nazi, I’ll try to proof read next tiem. No I won’t.

  • Wolverine says:

    I just caught on Ace of Spades that video of Sen. Rubio of Florida giving a speech on the Senate floor about the debt and debt ceiling problem. Somehow I have a hunch that I just saw the future of the Republican Party.

Leave Comment