They passed the appropriations bill knowing that the debt ceiling would need to be raised. The rest is semantics.
Technically true, at least in theory...but, that's not reality. Here's a nice timeline showing realistic details of what happens if Congress does not raise the debt ceilingThats not a budget under the Budget Control Act. Only the House passed an actual budget document for FY2013. It was not considered by the Senate thus there is no budget. No spending has been approved for FY2014, thus there are no bills due (other than mandatory spending and the military pay bill).
OCT. 18 - OCT. 29
Treasury's cash reserve quickly dwindles. Washington only takes in about 70 cents for every dollar it spends and is now unable to issue new debt to cover the difference.
The tide turns briefly on October 22, when the government takes in $3.5 billion more than it spends.
But that temporary gain is soon erased. October 24 is an especially rough day: Treasury pays $1.8 billion to defense contractors, $2.2 billion to doctors and hospitals that treat elderly patients through the Medicare program, and $11.1 billion in Social Security, while taking in only $9.6 billion in taxes and other income.
One possible wild card: Treasury could lose the trust of the bond market.
Even though the government cannot add to the national debt at this point, it can legally roll over expiring debt. Investors have the opportunity to cash out about $100 billion worth of U.S. debt every week but choose to reinvest it. If fear of default causes investors to steer clear of new debt offerings, Treasury's finances could unravel almost overnight.
Read more: What Will Happen If The US Defaults - Business Insider
They can scramble police forces to shutdown monuments, but cant come up with the airfare in the WH budget to fly to this meeting? They can send in the clown, but BO cant make it himself?It was only a matter of time. A few more weeks of this debt ceiling blackmail nonsense and we'll be the joke of the business community.
Photo Of John Kerry Far Off In The Background At APEC Meeting - Business Insider
I'm sure though that the usual suspects will just blame it all on the Black guy with the funny name.
Technically true, at least in theory...but, that's not reality. Here's a nice timeline showing realistic details of what happens if Congress does not raise the debt ceiling
Thats false. It assumes spending will be approved at the same level as last year, which is exactly what the House is demanding doesnt happen. Instead they will pass a increase in the debt ceiling with less spending.
:roll:They can scramble police forces to shutdown monuments, but cant come up with the airfare in the WH budget to fly to this meeting? They can send in the clown, but BO cant make it himself?
Its always the other peoples fault, isnt it. Tell you what...considering the pathetic job BO has done as president for 5 years, they are lucky they let Kerry IN the event, let alone let him stand on the stage.
:roll:
Blame the Black guy.
And let me guess, you think Republicans are 100% responsible for that and Dems get a free pass?
Not for that part. Both parties were afraid to make hard decisions. The D's failed to cut spending and the R's failed to increase revenues.
After all, the black guy with the funny name has only been in charge for 5 years. Why in the world would the business community make fun of him?
And theres only one or two self proclaimed tea party Senators, so how are they stopping the entire Senate?
Blame the incompetent guy.
Thats so ****ing retarded. WTF is wrong with you? When democrats spent 8 years blaming Bush for everything from acid reflux to global warming were you blaming the white guy or maybe putting responsibility on the shoulders of the President/Commander in Chief? You know...the guy that APPLIED for the job...twice...and has been in office for 5 years now?:roll:
Blame the Black guy.
Yeah, Right because Bush got stuff like thisThats so ****ing retarded. WTF is wrong with you? When democrats spent 8 years blaming Bush for everything from acid reflux to global warming were you blaming the white guy or maybe putting responsibility on the shoulders of the President/Commander in Chief? You know...the guy that APPLIED for the job...twice...and has been in office for 5 years now?
Yeah. Right. That must be the Right Wing version of "negotiate".If you cut spending you don't have to raise revenues....
It was only a matter of time. A few more weeks of this debt ceiling blackmail nonsense and we'll be the joke of the business community.
Photo Of John Kerry Far Off In The Background At APEC Meeting - Business Insider
I'm sure though that the usual suspects will just blame it all on the Black guy with the funny name.
Yeah. Right. That must be the Right Wing version of "negotiate".
Yeah. We saw the Right's idea of negotiateObama refusing to negotiate with his elected legislative body threatens America's Economic Standing
Just thought you should use a real title to the thread not a DNC talking point.
Well, ya know, that's just like an uppity nigger.I remember the left calling the tea party a bunch of homophobe racist, but yet this dictator in the white house will negotiate with a country that stones to death gay people for being gay - but won't negotiate with the tea party members of congress. America is fortunately realizing what a loser in charge there is; he keeps is golf course open, he keeps his chefs on as essential, but screws veterans at cement monuments.
You're saying the information in the article I posted is false?
Its a prediction based on assumptions, and thus is not factual.
That's a possibility. But, I used to be a pretty proud Republican...but, that was before the crazy took over the party and chased me away. So, maybe that is true--that my bitch is not just with the few Tea Nuts but rather with all of the Wing Nuts.Me too. That says 42 Republicans voted against something. Not 'two tea party senators' blocked something. Seems like your complaint should be about Republicans, not the tea party.
It's a prediction based on analysis from people with a lot more information available to them than you and I have on hand.
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