Alright, Diablos, settle down. Regardless of what is or isn't on the law books, there isn't going to be a default. Wanna know why? Because letting Congress crash the world economy is not worth being the only virtuous politicians in the apocalypse and getting to say "I told you so" to Congress later. And that's assuming Congress is even stupid enough to push things to that point.Didn't the Treasury reject that during the 2011 debt ceiling crisis? What makes you think they'd do it now? I just can't see it happening. 14th Amendment might be more likely.
Sessions looked really distraught, like he didn't really think sticking to defunding Obamacare was a good idea, at the start of the committee meeting.
Nancy Pelosi looks like she's about to cry right now.
This is fucking bad.
What part of "mint the coin or face global economic apocalypse" wasn't clear?
Ruling out the coin was part of the "break the fever" strategy where Obama wanted to force the GOP to take reasonable votes on normal governing business to see if they decided they liked it. In order to make them take a vote on the debt ceiling, Obama had to rule out all possible alternatives. I understand that toilet training works along these lines as well.
However, since the GOP is apparently completely unwilling to take any more reasonable votes ever, it's time to go back to all the possible alternatives.
Nope, it would just prove how pathetic congress is.
Basically, since congress won't let the treasury take on any more credit, the federal reserve will debit their account now, then credit them later whenever congress finally DOES decide to let them take on more credit. And if they don't, then they'll just continue debiting their account so they have the funds needed to continue operating. And since the money just ping pongs back and forth between the fed and the treasury, it doesn't circulate throughout the economy or cause any inflation or anything.
It's just an accounting trick.
Santorum's never been the "destroy the government" type of Republican.
Santorum's never been the "destroy the government" type of Republican.
They've gone to plaid.So wait, the House GOP has gone beyond the Santorum? I never thought that I'd see the day that actually happened...I thought we'd have faster than light travel first.
Santorum's never been the "destroy the government" type of Republican.
@robertcostaNRO 1m
King still believes a clean CR is final play and will pass--just wishes it was done sooner, before shutdown theatrics and conference gambit
Boehner's plan consisted of Obama caving. Thats it. Nothing more.Can't wait for behind-the-scenes accounts on this farce. Specifically the contraception shit, which allowed democrats to win over even more support.
Sounds like Boehner dropped the conference call, now who knows what their plan is.
Boehner's plan consisted of Obama caving. Thats it. Nothing more.
Boehner's plan consisted of Obama caving. Thats it. Nothing more.
And now the Tea Party gets the last laugh by masturbating to the sight of the Government shutting down.Well, that plan failed miserably.
I don't understand the exclamation point. Or the use of "only". Or "official".We only have 10 minutes!
Then again I heard that the official time is 2am?
when Santorum is to your left you know you have reached Beck/Hannity levels of insanity.
Not sure what there is to not understand about the exclamation point. ONLY 10 minutes left is what I meant.I don't understand the exclamation point. Or the use of "only". Or "official".
Well, that plan failed miserably.
No no, you're not understanding me. I'm asking you why you're panicked or upset or the like about this. Even if Congress is mad enough to make this explode into a doomsday clusterfuck, it'll take the participation of every single other political organ to permit that happenstance.Not sure what there is to not understand about the exclamation point. ONLY 10 minutes left is what I meant.
During the committee meeting in the House it was mentioned, if I heard correctly, that this can go to 2am potentially.
Let me explain. Repubs and their donors won a victory in 2010 partly because they whipped up their paranoid voters into thinking Obama and by extension Obamacare was the great evil. Now they have to either "win" or go back and explain to these people that the socialist government has taken over.I just don't understand what these guys think they're trying to prove. ACA strip will never pass Senate, would never be signed by Pres. Obama... they're just trying to hurt people at this point.