Boehner: Nation on the path to default if Obama doesn't give concessions for ACA

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I feel like the t-word is justified here but can Obama use the worlds terrorism or terrorist in any context and not have it backfire? Fuck it I'd do it anyways.

American Taliban perhaps?
 
I feel like the t-word is justified here but can Obama use the worlds terrorism or terrorist in any context and not have it backfire? Fuck it I'd do it anyways.

American Taliban perhaps?

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Because he is the damn president. Avoiding a national crisis is his #1 job, after that he can play politics and push his agenda, he can play the blame game later.

Typical. It's uninformed people like you that, time and again, come to ruin any progress that we ever try to do. Do you think the tea party will stop if the president caves now?
 
Sounds like the Republicans are holding this nation hostage unless they get what they want. I don't always agree with Obama but this seems like a very immature and dangerous way to try and forcefully get your own way.
 
Because he is the damn president. Avoiding a national crisis is his #1 job, after that he can play politics and push his agenda, he can play the blame game later.


They would not stop with just the ACA. They would get rid of every program as they are using a non-political tool to hold the country hostage. They are extremists and we cannot now down to 30 members of one half of our congress.
 
I don't care about the ACA, Obama better cave in, letting this country default now would be disastrous.

Maybe after this they can pass a bill mandating automatic budget appropriations to prevent this from the future.

So that we dont default for about a month? If obama caves here the gop are gonna want alot more the next time, and then the next time etc.

There is no way the gop is going to let go of their hostage if it produces golden eggs.
 
I feel like the t-word is justified here but can Obama use the worlds terrorism or terrorist in any context and not have it backfire? Fuck it I'd do it anyways.

American Taliban perhaps?

This is probably why I could never be a good president or politician. I'd have no problems saying that shit.

Because he is the damn president. Avoiding a national crisis is his #1 job, after that he can play politics and push his agenda, he can play the blame game later.

So next time some terrorists call up and make some demands of the US or else they'll blow something up or fly a plane into a building or whatever the president should also just comply, because avoiding crisis is his #1 job, right?
 
Because he is the damn president. Avoiding a national crisis is his #1 job, after that he can play politics and push his agenda, he can play the blame game later.

No, it is the job of the Congress to increase the debt limit. It is not a job that is to even be debated or negotiated about. They need to do it. Period.
 
I am surprised Obama isn't on tv pushing the fact that the Republicans are threatening the stability of our economy just to get their own way.
 
You really don't know how this works, do you?

So let the government default til the 2014 elections? Because the GOP will not cave in, Boehner has no reason to cave in, they are safe until 2014. This is Obama's administration, people will unreasonably blame him no matter what.
 
(read from bottom up)
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I'm not concerned. The votes are there, and Boehner has already told Wall Street and House republicans that he won't allow a default. He's just waiting as long as possible so he can say "we tried, we fought hard, but we couldn't get it done..."

If he simply caved right away it would cause a revolt in his party.
 
So let the government default til the 2014 elections? Because the GOP will not cave in, Boehner has no reason to cave in, they are safe until 2014. This is Obama's administration, people will unreasonably blame him no matter what.

you is gonna eat a big plate of crow in 11 days or so.
 
So let the government default til the 2014 elections? Because the GOP will not cave in, Boehner has no reason to cave in, they are safe until 2014. This is Obama's administration, people will unreasonably blame him no matter what.

You have literally zero understanding of what is involved with this.
 
So let the government default til the 2014 elections? Because the GOP will not cave in, Boehner has no reason to cave in, they are safe until 2014. This is Obama's administration, people will unreasonably blame him no matter what.

Obama will not let the government default, one way or another.
 
I know it's crazy to think about. The US always pays off it's debt. That's why we have a AAA credit rating and countries like China put their money toward US debt, it may be at a lower interest rate but it's always secure.

Not really...



Although as of September, 2012, none of the Big Three have taken any downgrade action after S&P's August 2, 2011 downgrade from AAA to AA+, Egan-Jones downgraded twice further in 2012. After its initial rating cut on July 16, 2011 from AAA to AA+, Egan-Jones cut its rating a second time on April 5, 2012 from AA+ to AA "because of the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP."[29] On September 14, 2012, Egan-Jones cut its rating a third time from AA to AA-, the lowest of what is considered "high grade", as a reaction to QE3.[30]


http://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrade
 
Because he is the damn president. Avoiding a national crisis is his #1 job, after that he can play politics and push his agenda, he can play the blame game later.



People like you are why we are where we are.

If he simply caved right away it would cause a revolt in his party.

The media shit storm will be crazy the closer we get to the 17th. When he folds then I'd imagine it would still cause a revolt within the GOP.

This clown is just delaying the inevitable.
 
I don't care about the ACA, Obama better cave in, letting this country default now would be disastrous.

Maybe after this they can pass a bill mandating automatic budget appropriations to prevent this from the future.

Automatic budget appropriations sound about as smart as neutering the presidency and letting congress unilaterally run the country (as you have also suggested)

So, no. Last thing congress should have is more power.
 
Not really...



Although as of September, 2012, none of the Big Three have taken any downgrade action after S&P's August 2, 2011 downgrade from AAA to AA+, Egan-Jones downgraded twice further in 2012. After its initial rating cut on July 16, 2011 from AAA to AA+, Egan-Jones cut its rating a second time on April 5, 2012 from AA+ to AA "because of the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP."[29] On September 14, 2012, Egan-Jones cut its rating a third time from AA to AA-, the lowest of what is considered "high grade", as a reaction to QE3.[30]


http://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrade

Weren't some of those credit agencies still giving the obviously horrible mortgages AAA ratings even days before the collapse?
 
One thing that I haven't understood so far: why do people always talk about default, when tax revenues should still be enough to cover the interest and debt?

Does it mean defaulting is preferable to diverting money from other stuff to cover debt service?
 
I don't care about the ACA, Obama better cave in, letting this country default now would be disastrous.

Maybe after this they can pass a bill mandating automatic budget appropriations to prevent this from the future.

Just because you posted something so ridiculous, I hope he never does.

The GOP is going to have to cave, even if they have about 50 members that cry like babies throughout the whole thing.
 
One thing that I haven't understood so far: why do people always talk about default, when tax revenues should still be enough to cover the interest and debt?

Does it mean defaulting is preferable to diverting money from other stuff to cover debt service?

Congress has to vote to raise the debt ceiling. If they don't the country automatically defaults on all its loans.
There's no two ways about it.
 
One thing that I haven't understood so far: why do people always talk about default, when tax revenues should still be enough to cover the interest and debt?

Does it mean defaulting is preferable to diverting money from other stuff to cover debt service?

Its logistically impossible. The government gets millions of invoices every day. You'd have to manually shift through all of that crap to determine what need to be paid and what doesnt.
 
Because he is the damn president. Avoiding a national crisis is his #1 job, after that he can play politics and push his agenda, he can play the blame game later.

It feels like for once, Obama isn't playing politics. I like this. Too bad it took the Republicans going bat-shit insane too bring it out but better late than never.
 
I really hope I do, honestly. I just don't see the GOP backing down without any sort of concessions at this point though. 2014 can't come soon enough, boot the Tea Party out asap.

Sure, but saying "Well Obama just has to compromise then" elevates them to the level of a force of nature. Its like saying "well if a tornado is going to hit I guess we just need to brace ourselves and get ready for repair".
 
Congress has to vote to raise the debt ceiling. If they don't the country automatically defaults on all its loans.
There's no two ways about it.

But that implies that you need more debt to cover the existing loans, even though rolling the existing debt and paying interest should be enough. Interest is not a major component in federal spending, so it should definitely be possible to pay the interest with tax revenues (with plenty of revenues left over for other stuff).

Its logistically impossible. The government gets millions of invoices every day. You'd have to manually shift through all of that crap to determine what need to be paid and what doesnt.

So default refers to not paying any invoice, rather than just debt? This is not the impression I have of what defaulting means.
 
Sure, but saying "Well Obama just has to compromise then" elevates them to the level of a force of nature. Its like saying "well if a tornado is going to hit I guess we just need to brace ourselves and get ready for repair".

It's more like "If a tornado hits, we'd better pray it doesn't kill us and a second one doesn't come to finish the job."
All the while knowing a second one is indeed coming.
 
Weren't some of those credit agencies still giving the obviously horrible mortgages AAA ratings even days before the collapse?

Yeah...but that depends on who was at fault there: the rating system or the banks using things like ARM loans and possibly fudging the numbers a bit.
 
It feels like for once, Obama isn't playing politics. I like this. Too bad it took the Republicans going bat-shit insane too bring it out but better late than never.

Pretty much. He is trying to preserve our democratic system. It would totally break down if some nutso party that only held one house of congress could push their agenda through by blackmail. Republicans can't get this shit through congress the normal way, the democratic way. Whoever defends this either doesnt understand the implications of this or cares more about their ideology than Democracy.

So default refers to not paying any invoice, rather than just debt? This is not the impression I have of what defaulting means.

http://www.washingtonpost.com/blogs...-ceiling-can-obama-choose-which-bills-to-pay/

guess i was somewhat wrong, but that explains it
 
Fuck these guys, terrorists basically. President should not give one inch on the ACA. It has been voted on, passed and accounted for. How dare the GOP do this. Holding our economy hostage. Fuck them. Starve them out. Don't negotiate with terrorists.
 
It's more like "If a tornado hits, we'd better pray it doesn't kill us and a second one doesn't come to finish the job."
All the while knowing a second one is indeed coming.

Sure my point is that the Democrats and progressives in general are infuriatingly bad at this, at just basically treating the opposition like immutable unchangeable forces and blaming their own representatives for not dealing with it.
 
Obama should have made this stand a few years ago, mind. Was always going to come to a head at some point

His problem was he thought the Tea Party had at least a shred of common sense.
I hope no Democratic President ever makes that mistake again.
 
(read from bottom up)
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I'm not concerned. The votes are there, and Boehner has already told Wall Street and House republicans that he won't allow a default. He's just waiting as long as possible so he can say "we tried, we fought hard, but we couldn't get it done..."

If he simply caved right away it would cause a revolt in his party.

Unfortunately Beohner is already backtracking on the debt limit statements.
 
So wait a sec. If the vote got put to the house, then the budget would get passed? It's just the republican speaker isn't allowing the vote to take place?
 
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