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The Tea Party is back in business! (1 Viewer)

I thought the market was going to react badly today...

:shrug:
You thought wrong.
Yeah - I must be getting some bad information from this thread.
The market did NOT behave irrationally. Last night and this morning, the news was announced that a compromise deal before Thursday was extremely likely. That is why the market went up. If an actual deal had been announced, it would have gone up even higher.

On the other hand, if the news had been that there was no deal on the horizon, you would have seen the market fall each day as we got into Thursday...and at that point, I can't imagine how far it would have dropped. Luckily for this nation, the politicians in Washington ignored YOUR advice.

By the way, I'm still waiting for you to specifically describe how you would reduce federal spending by 80 billion a month immediately. :popcorn:

 
Bottomfeeder Sports said:
You still owe me an account of the $10 trillion in new Obama spending added to the budget. You have had three years or so to put the list together. Have it ready?
Sure. Here's the number for the 2009 federal budget. We were slated to spend 3107 in 2009, 3,091 in 2010, 3,171 in 2011, 3,222 in 2012, and 3,399 in 2013. A total of 15,990.

Under Obama's "New Era of Fiscal Responsibility" we were slated to spend 3938 in 2009, 3552 in 10', 3625 in 11', 3662 in 12', and 3856 in 13'. A total of 18,633.

So we've got about 3 trillion there in just a few years. Then we can toss Obamacare on here. Since you like taxes so much, we'll go ahead and add in the money he pissed away by extending the Bush tax cuts for all. Then we'll go ahead and add in the money that he pissed away extending it for most, permanently.

10 trillion is probably generous...what's even scarier is knowing that he did this with the Republicans obstructing him the entire time. We can only imagine how much he really wanted to add to the debt.

 
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So let me get this straight...the Senate Republicans won't negotiate because nine members if their caucus isn't in DC?

Guess this isn't a crisis afterall

 
I thought the market was going to react badly today...

:shrug:
You thought wrong.
Yeah - I must be getting some bad information from this thread.
The market did NOT behave irrationally. Last night and this morning, the news was announced that a compromise deal before Thursday was extremely likely. That is why the market went up. If an actual deal had been announced, it would have gone up even higher.

On the other hand, if the news had been that there was no deal on the horizon, you would have seen the market fall each day as we got into Thursday...and at that point, I can't imagine how far it would have dropped. Luckily for this nation, the politicians in Washington ignored YOUR advice.

By the way, I'm still waiting for you to specifically describe how you would reduce federal spending by 80 billion a month immediately. :popcorn:
It was actually down about 70 points when I looked this morning. I think you need some better timelines.

 
DrJ said:
Henry Ford said:
DrJ said:
So if the debt ceiling doesn't get raised, why do we automatically default? We could actually propose a balanced budget and avoid that, right?
Because the debt ceiling isn't about the next budget. It's about money already spent.
Alright, so we put in a balanced budget, raise it just enough so that it covers us until that kicks in. Then we're good.
You would have to immediately cut around 80 billion a month. Where would those cuts take place?
In the federal budget.
So you refuse to be specific?
Let's see - 2.2 trillion of the 3.7 trillion goes to Defense (652B), SS (812B), Medicare (504B), and Medicaid (267B). That's 60% of our budget.

Another 611B goes to discretionary non-defense. So that's 75% of our budget right there.

Then there's about 600B for other mandatory programs and 222B in interest.

I wonder what cuts we should make. :rolleyes:

 
No, I understand what the sequester cuts are and how terribly flawed they are. I get all that...what I don't understand is why the dems now want to "negotiate" them as part of this whole thing. The :hophead: have basically been calling the GOP terrorists for trying to negotiate this way. Now the dems are wanting to "negotiate" laws as part of this compromise?
In a nutshell, everyone (including me in my more lucid moments) recognizes that expecting the GOP to publically wave the white flag and totally surrender in public isn't going to be helpful.

And that while donning the steel tipped boots and kicking the living hell out of the Republicans when they're down might be gratifying and well-deserved it's not really very useful in terms of future negotiations since the bigger discussions can't even start until this current mess is resolved.

So Dems are saying, fine ... we'll give you a fig leaf. Even though we said we wouldn't do it, politics and reality are messy. Here's something in exchange for opening the government and raising the debt limit.

But for political reasons we can't say that's what we're doing anymore than you can totally surrender. So we need to get a fig leaf of our own. What will you give us in exchange for the concessions we're making here?
Why do you believe that giving the GOP a fig leaf will make them any more cooperative? They'll just look at any concession as a lack of fighting spirit of their enemies. It will make them even more determined the next time. If the GOP ever gets the upper hand they'll push their advantage as far as they can take it.

 
Why do you believe that giving the GOP a fig leaf will make them any more cooperative? They'll just look at any concession as a lack of fighting spirit of their enemies. It will make them even more determined the next time. If the GOP ever gets the upper hand they'll push their advantage as far as they can take it.
★★★★★ post.

 
Great... Now Tim's 148 daily posts are gonna be scattered around the rest of the FFA :(
No guarantee the House Republicans will accept the Senate deal. You may have me here a while longer. ;)
So when they get back at it in a couple of months, do you start a new thread or bump this one?
I doubt the Tea Party will shut down the government again. Could be wrong, but I think this was the nadir. (Or zenith, depending on your POV.)

 
Assuming there is a deal reached by tomorrow, Senator Cruz could still destroy things himself by delaying tactics that any senator can use. He can push things past Thursday just to see what happens. Not saying this is likely, but several Tea Party groups and conservative talk show hosts are urging this strategy.

Once it goes through the Senate, then Boehner has to decide whether or not to allow it up for a vote. He almost has to, but if he does, there is bound to be a revolt. He's between a rock and a hard place. There is also the slim but real possibility that enough House Republicans would vote with the Tea Party to defeat the bill even with the support of every Democrat.

Lots of moving parts between now and a completed deal...

 
I thought the market was going to react badly today...

:shrug:
You thought wrong.
Yeah - I must be getting some bad information from this thread.
The market did NOT behave irrationally. Last night and this morning, the news was announced that a compromise deal before Thursday was extremely likely. That is why the market went up. If an actual deal had been announced, it would have gone up even higher.On the other hand, if the news had been that there was no deal on the horizon, you would have seen the market fall each day as we got into Thursday...and at that point, I can't imagine how far it would have dropped. Luckily for this nation, the politicians in Washington ignored YOUR advice.

By the way, I'm still waiting for you to specifically describe how you would reduce federal spending by 80 billion a month immediately. :popcorn:
The S&P is 50 points from an all-time high. If a deal falls apart tomorrow and it falls 100 points, it's not that big if a deal.

 
I thought the market was going to react badly today...

:shrug:
You thought wrong.
Yeah - I must be getting some bad information from this thread.
The market did NOT behave irrationally. Last night and this morning, the news was announced that a compromise deal before Thursday was extremely likely. That is why the market went up. If an actual deal had been announced, it would have gone up even higher.On the other hand, if the news had been that there was no deal on the horizon, you would have seen the market fall each day as we got into Thursday...and at that point, I can't imagine how far it would have dropped. Luckily for this nation, the politicians in Washington ignored YOUR advice.

By the way, I'm still waiting for you to specifically describe how you would reduce federal spending by 80 billion a month immediately. :popcorn:
The S&P is 50 points from an all-time high. If a deal falls apart tomorrow and it falls 100 points, it's not that big if a deal.
Of course not. But many economists predict that if a deal falls apart and we go past Thursday, the market will fall a lot more than 100 points.

 
No, I understand what the sequester cuts are and how terribly flawed they are. I get all that...what I don't understand is why the dems now want to "negotiate" them as part of this whole thing. The :hophead: have basically been calling the GOP terrorists for trying to negotiate this way. Now the dems are wanting to "negotiate" laws as part of this compromise?
In a nutshell, everyone (including me in my more lucid moments) recognizes that expecting the GOP to publically wave the white flag and totally surrender in public isn't going to be helpful.

And that while donning the steel tipped boots and kicking the living hell out of the Republicans when they're down might be gratifying and well-deserved it's not really very useful in terms of future negotiations since the bigger discussions can't even start until this current mess is resolved.

So Dems are saying, fine ... we'll give you a fig leaf. Even though we said we wouldn't do it, politics and reality are messy. Here's something in exchange for opening the government and raising the debt limit.

But for political reasons we can't say that's what we're doing anymore than you can totally surrender. So we need to get a fig leaf of our own. What will you give us in exchange for the concessions we're making here?
Why do you believe that giving the GOP a fig leaf will make them any more cooperative? They'll just look at any concession as a lack of fighting spirit of their enemies. It will make them even more determined the next time. If the GOP ever gets the upper hand they'll push their advantage as far as they can take it.
The concession is for display purposes only. As reported (which may not be right), it's as close to nothing as you could ever expect to see. So they didn't really 'win' anything. Which I expect you'll hear the Tea Party types moaning about soon enough.

But the rest of the Republican caucus, the ones Dems will eventually do an entitlement reform for tax increase deal with, needs something. Even if it's small. Everyone knows they got their hat handed to them, but we can all pretend now that they 'got something.'

And in general if you're in a long-term negotiating relationship it doesn't pay to do a victory dance or rub their faces in the dirt when you win.

But, yes. They'll continue to push as far as they can. They crossed the line this time (and are paying a price), but in general I admire that about Republicans. This stuff really matters and it's been a long time since Democrats were willing to do everything they could to win. This most recent bout of hardball and the initial results are about the most encouraging thing you could see from a Dem perspective. Maybe they won't give away the farm this time around.

 
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Has this- House Rule XXII, Clause 4, and the change made to it by the GOP been discussed? because I can't find it up in here...??

:popcorn:
Was discussed just a little bit.

Repubes are by and large trying to ignore it.

It lets you know exactly who forced this shutdown. The GOP.
And who is keeping it shutdown.

All of those vets tearing barricades down in DC and piling them in front of the White House need to know that the whack jobs- Cruz and Palin- who were egging them on are responsible for the National Parks and memorials being closed.

Anyone who hadn't watched that video needs to.

 
Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) gradually pieced together the makings of an agreement Monday to avert default ahead of a Thursday debt limit deadline. The emerging deal, which is not yet finalized, would also restore funding for the federal government, which has been shuttered since Oct 1.The big question is whether a bipartisan agreement from the Senate will give Speaker John Boehner (R-OH) the political cover he needs to pass the bill over the objections of conservatives in the House, who will put enormous pressure on Boehner to reject or amend it.

The Senate framework extends the debt ceiling until early February, funds the government through early January and establishes budget conference negotiations by mid-December, ahead of the next increase in the borrowing limit, according to top Senate aides familiar with the talks.

"It would be a major victory to get this budget conference started after it's been blocked for 6 months," said a senior Democratic Senate aide. The set-up would be an ordinary conference -- without preconditions or triggers -- to reconcile the differences between the competing budgets passed by the House and Senate earlier this year. Conservatives in the both chambers have opposed entering into the budget conference process all year because they feared it would produce unacceptable compromises.

The government would be funded at the current sequestration level of $986.3 billion, straddling GOP demands to sustain the lower spending caps for as long as possible and Democrats' demands not to lock them in permanently. The deal would provide new flexibility to government agencies when it comes to implementing the automatic spending cuts, and set up a battle over what to do about them during the next round of talks early in 2014.

The deal is unlikely to include a repeal or delay of Obamacare's medical device tax, which has repeatedly come up during the debate. But according to sources, it may require Obamacare enrollees to verify their income eligibility prior to receiving subsidies, which Republicans have pushed. And it may delay for one year a little-known reinsurance tax under the Affordable Care Act aimed at stabilizing premiums. It's a bipartisan carrot: Democrats support the idea because labor unions dislike the fee, and Republicans can claim they lopped off a damaging tax under Obamacare. Agreement on these two Obamacare-related items isn't final but they remain under discussion in the late stages of the negotiation.

"The Republicans would get income verification, we would get a delay in the reinsurance tax," said a Democratic source familiar with the talks.

Assuming the Senate is able to finalize its deal, major obstacles remain to completing it by Oct. 17, when the Treasury Department has warned the debt limit would be breached. For one, Sen. Ted Cruz (R-TX) and other arch-conservatives in the Senate can use the stalling powers at their disposal to blow past the deadline. But the biggest obstacle remains the House.

The majority Republicans have been publicly mum as they wait to see the final deal, but privately they have serious concerns with what's being discussed, and may amend it.

"If the Senate comes to an agreement, we will review it with our Members," said Michael Steel, a spokesman for Boehner.

Boehner will likely find himself in a similar predicament to the one he faced on the so-called fiscal cliff at the end of 2012: a Senate-approved deal that is unacceptable to House conservatives. That means he'll have to decide whether to modify the bill -- and risk blowing it up -- or bring it to a vote without the support of most GOP members. Such a move would endanger Boehner's speakership, which he has worked strenuously to protect, even at the cost of a government shutdown, which is now in its 14th day.

But blowing past the Oct. 17 deadline threatens to send financial markets tumbling, and a default on the country's debt is expected to have catastrophic global economic consequences.

Reid and McConnell have been in discussions since Saturday. McConnell met with Boehner for about half an hour on Monday as the deal was taking shape. An agreement may not be finalized until McConnell meets privately with Senate Republicans on Tuesday morning.

"We know this has been a difficult time for everyone," Reid said Monday evening before recessing the Senate. "And Senator McConnell and I have been working diligently the last few days and we're together in trying to arrive at a culmination of the efforts that have been ongoing for quite some time now. We've made tremendous progress. We are not there yet -- but tremendous progress. And everyone just needs to be patient."
If something seems too good to be true, it usually is. That bit in red seems too good to be true. Even from their current position I'll be surprised if House Republicans sign off on that. It's literally the last thing they want as far as budget negotiations are concerned.

 
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You still owe me an account of the $10 trillion in new Obama spending added to the budget. You have had three years or so to put the list together. Have it ready?
Sure. Here's the number for the 2009 federal budget. We were slated to spend 3107 in 2009, 3,091 in 2010, 3,171 in 2011, 3,222 in 2012, and 3,399 in 2013. A total of 15,990.

Under Obama's "New Era of Fiscal Responsibility" we were slated to spend 3938 in 2009, 3552 in 10', 3625 in 11', 3662 in 12', and 3856 in 13'. A total of 18,633.

So we've got about 3 trillion there in just a few years. Then we can toss Obamacare on here. Since you like taxes so much, we'll go ahead and add in the money he pissed away by extending the Bush tax cuts for all. Then we'll go ahead and add in the money that he pissed away extending it for most, permanently.

10 trillion is probably generous...what's even scarier is knowing that he did this with the Republicans obstructing him the entire time. We can only imagine how much he really wanted to add to the debt.
That should have been $1.7 trillion, not $10 trillion - my bad. Too much of a rush.No. You said "additional outlays" meaning new spending (because you rejected tax expenditures or taxes in general). In fact you rejected how I turned the increases in spending from that first spending authorization bill (the one with earmarks) and the one the second year into roughly a trillion dollars over ten years. Also the tax cuts were not in place "permanently" during this discussion. I agree that these tax cuts should have expired across the board and that they will do damage, but they don't count. Neither did the stimulus (you not me). So want to show the $1.7 trillion in new spending from August 2010?

But ultimately the problem is that you see the year over year increases in spending as meaning new or additional spending. That is not the case. It is just more bills coming due - especially among the aging demographics. (i.e. those that changed from liberal to conservative because they turned 30 (or whatever age you want) a long time ago.) ;)

 
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Statement from Million Vet March organizers:

Official Stance of the Million Vet March on the Memorials:

The political agenda put forth by a local organizer in Washington DC yesterday was not in alignment with our message. We feel disheartened that some would seek to hijack the narrative for political gain. The core principle was and remains about all Americans honoring Veterans in a peaceful and apolitical manner. Our love for and our dedication to remains with Veterans, regardless of party affiliation or political leanings.

 
You still owe me an account of the $10 trillion in new Obama spending added to the budget. You have had three years or so to put the list together. Have it ready?
Sure. Here's the number for the 2009 federal budget. We were slated to spend 3107 in 2009, 3,091 in 2010, 3,171 in 2011, 3,222 in 2012, and 3,399 in 2013. A total of 15,990.

Under Obama's "New Era of Fiscal Responsibility" we were slated to spend 3938 in 2009, 3552 in 10', 3625 in 11', 3662 in 12', and 3856 in 13'. A total of 18,633.

So we've got about 3 trillion there in just a few years. Then we can toss Obamacare on here. Since you like taxes so much, we'll go ahead and add in the money he pissed away by extending the Bush tax cuts for all. Then we'll go ahead and add in the money that he pissed away extending it for most, permanently.

10 trillion is probably generous...what's even scarier is knowing that he did this with the Republicans obstructing him the entire time. We can only imagine how much he really wanted to add to the debt.
That should have been $1.7 trillion, not $10 trillion - my bad.No. You said "additional outlays" meaning new spending (because you rejected tax expenditures or taxes in general). In fact you[.post] rejected how I turned the increases in spending from that first spending authorization bill (the one with earmarks) and the one the second year into roughly a trillion dollars over ten years. Also the tax cuts were not in place "permanently" during this discussion. I agree that these tax cuts should have expired across the board and that they will do damage, but they don't count. So want to show the $1.7 trillion in new spending from August 2010?

But ultimately the problem is that you see the year over year increases in spending as meaning new or additional spending. That is not the case. It is just more bills coming due - especially among the aging demographics. (i.e. those that changed from liberal to conservative because they turned 30 (or whatever age you want) a long time ago.) ;)
Cool, I didn't know what you were referring to with this number. Coming up with the 1.7 trillion here is pretty easy.

2010 "New Era Of Responsibility" Budget - http://www.gpo.gov/fdsys/pkg/BUDGET-2010-BUD/pdf/BUDGET-2010-BUD-28.pdfhttp://www.gpo.gov/fdsys/pkg/BUDGET-2010-BUD/pdf/BUDGET-2010-BUD-28.pdf

42.29 trillion from 2010 through 2019.

2011 budget that would have been out at the time I made that statement: http://www.gpo.gov/fdsys/pkg/BUDGET-2011-BUD/pdf/BUDGET-2011-BUD-28.pdfhttp://www.gpo.gov/fdsys/pkg/BUDGET-2011-BUD/pdf/BUDGET-2011-BUD-28.pdf

43.81 trillion from 2010 through 2019.

So I guess it was only 1.52 trillion. Not quite 1.7 trillion. Darn, I was off by 10%.

As a blow by blow breakdown:

2010: 3552 vs 3721 (169B higher)

2011: 3625 vs 3834 (209B higher)

2012: 3662 vs 3755 (93B higher)

2013: 3856 vs 3915 (59B higher)

2014: 4069 vs 4161 (92B higher)

2015: 4258 vs 4356 (98B higher)

2016: 4493 vs 4665 (172B higher)

2017: 4678 vs 4872 (194B higher)

2018: 4868 vs 5084 (216B higher)

2019: 5158 vs 5415 (257B higher)

These differences are trending particularly poorly at the end here...

Numbers look accurate to me. Not sure where you're taking exception to this still, 3 years later.

 
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Has this- House Rule XXII, Clause 4, and the change made to it by the GOP been discussed? because I can't find it up in here...??

:popcorn:
Was discussed just a little bit.

Repubes are by and large trying to ignore it.

It lets you know exactly who forced this shutdown. The GOP.
And who is keeping it shutdown.

All of those vets tearing barricades down in DC and piling them in front of the White House need to know that the whack jobs- Cruz and Palin- who were egging them on are responsible for the National Parks and memorials being closed.

Anyone who hadn't watched that video needs to.
You guys keep saying this but it isn't true. Obama was willing to negotiate and make deals with his political cronies and big business, but won't for the American people. So much for the left fighting for the common man. You guys are full of so much hypocrisy it oozes from your the pores of your skin.

 
Has this- House Rule XXII, Clause 4, and the change made to it by the GOP been discussed? because I can't find it up in here...??

:popcorn:
Was discussed just a little bit.

Repubes are by and large trying to ignore it.

It lets you know exactly who forced this shutdown. The GOP.
And who is keeping it shutdown.

All of those vets tearing barricades down in DC and piling them in front of the White House need to know that the whack jobs- Cruz and Palin- who were egging them on are responsible for the National Parks and memorials being closed.

Anyone who hadn't watched that video needs to.
You guys keep saying this but it isn't true. Obama was willing to negotiate and make deals with his political cronies and big business, but won't for the American people. So much for the left fighting for the common man. You guys are full of so much hypocrisy it oozes from your the pores of your skin.
I buy Noxema by the barrell. It doesn't help with my conscience, but my skin is silky smooth despite the ooze.

 
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I've decided I'm gonna save 2.9 million dollars between now and 2113 by switching from Colgate to BriteSmyle toothpaste. Suck it big oral care!

BUDGETPOWER!

 
So if the debt ceiling doesn't get raised, why do we automatically default? We could actually propose a balanced budget and avoid that, right?
Because the debt ceiling isn't about the next budget. It's about money already spent.
Alright, so we put in a balanced budget, raise it just enough so that it covers us until that kicks in. Then we're good.
You would have to immediately cut around 80 billion a month. Where would those cuts take place?
In the federal budget.
So you refuse to be specific?
Let's see - 2.2 trillion of the 3.7 trillion goes to Defense (652B), SS (812B), Medicare (504B), and Medicaid (267B). That's 60% of our budget.

Another 611B goes to discretionary non-defense. So that's 75% of our budget right there.

Then there's about 600B for other mandatory programs and 222B in interest.

I wonder what cuts we should make. :rolleyes:
Ok, so you can't legally do it, but say you just eliminate SS - our biggest expense. Just remove it entirely. You're still roughly 150B short. Oh, and you get essentially no time to plan, no time to draw down. So, umm, yeah, good luck with that.

 
So if the debt ceiling doesn't get raised, why do we automatically default? We could actually propose a balanced budget and avoid that, right?
Because the debt ceiling isn't about the next budget. It's about money already spent.
Alright, so we put in a balanced budget, raise it just enough so that it covers us until that kicks in. Then we're good.
You would have to immediately cut around 80 billion a month. Where would those cuts take place?
In the federal budget.
So you refuse to be specific?
Let's see - 2.2 trillion of the 3.7 trillion goes to Defense (652B), SS (812B), Medicare (504B), and Medicaid (267B). That's 60% of our budget.

Another 611B goes to discretionary non-defense. So that's 75% of our budget right there.

Then there's about 600B for other mandatory programs and 222B in interest.

I wonder what cuts we should make. :rolleyes:
Ok, so you can't legally do it, but say you just eliminate SS - our biggest expense. Just remove it entirely. You're still roughly 150B short. Oh, and you get essentially no time to plan, no time to draw down. So, umm, yeah, good luck with that.
Actually, our deficit is only supposed to be 744B next year if you believe Obama's numbers. So you'll have a 100B surplus. And when the budget magically drops to 576B the following year we're looking at 300B surplus? Do I hear tax cuts anyone?

 
So if the debt ceiling doesn't get raised, why do we automatically default? We could actually propose a balanced budget and avoid that, right?
Because the debt ceiling isn't about the next budget. It's about money already spent.
Alright, so we put in a balanced budget, raise it just enough so that it covers us until that kicks in. Then we're good.
You would have to immediately cut around 80 billion a month. Where would those cuts take place?
In the federal budget.
So you refuse to be specific?
Let's see - 2.2 trillion of the 3.7 trillion goes to Defense (652B), SS (812B), Medicare (504B), and Medicaid (267B). That's 60% of our budget.

Another 611B goes to discretionary non-defense. So that's 75% of our budget right there.

Then there's about 600B for other mandatory programs and 222B in interest.

I wonder what cuts we should make. :rolleyes:
Ok, so you can't legally do it, but say you just eliminate SS - our biggest expense. Just remove it entirely. You're still roughly 150B short. Oh, and you get essentially no time to plan, no time to draw down. So, umm, yeah, good luck with that.
Then you'd better eliminate FICA. How's revenue looking?

 
So if the debt ceiling doesn't get raised, why do we automatically default? We could actually propose a balanced budget and avoid that, right?
Because the debt ceiling isn't about the next budget. It's about money already spent.
Alright, so we put in a balanced budget, raise it just enough so that it covers us until that kicks in. Then we're good.
You would have to immediately cut around 80 billion a month. Where would those cuts take place?
In the federal budget.
So you refuse to be specific?
Let's see - 2.2 trillion of the 3.7 trillion goes to Defense (652B), SS (812B), Medicare (504B), and Medicaid (267B). That's 60% of our budget.

Another 611B goes to discretionary non-defense. So that's 75% of our budget right there.

Then there's about 600B for other mandatory programs and 222B in interest.

I wonder what cuts we should make. :rolleyes:
Ok, so you can't legally do it, but say you just eliminate SS - our biggest expense. Just remove it entirely. You're still roughly 150B short. Oh, and you get essentially no time to plan, no time to draw down. So, umm, yeah, good luck with that.
Then you'd better eliminate FICA. How's revenue looking?
If we eliminate FICA we'll have to eliminate Medicare too. The pair pay 1,384B in 2014 and collect 963B. It appears that SS income isn't taxed as heavily as regular income as well, so you should pick some up in federal income taxes. Probably not quite enough, so we'll have to cut some defense spending or legalize and tax weed and hookers for the time being. There's also 300B in Medicaid to play around with here so maybe we could do that one too. By 2016 it'll be 1562B to 1081B on the SS/Medicare side with a current projected deficit of 528B. So we're basically set.

 
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No, I understand what the sequester cuts are and how terribly flawed they are. I get all that...what I don't understand is why the dems now want to "negotiate" them as part of this whole thing. The :hophead: have basically been calling the GOP terrorists for trying to negotiate this way. Now the dems are wanting to "negotiate" laws as part of this compromise?
In a nutshell, everyone (including me in my more lucid moments) recognizes that expecting the GOP to publically wave the white flag and totally surrender in public isn't going to be helpful.

And that while donning the steel tipped boots and kicking the living hell out of the Republicans when they're down might be gratifying and well-deserved it's not really very useful in terms of future negotiations since the bigger discussions can't even start until this current mess is resolved.

So Dems are saying, fine ... we'll give you a fig leaf. Even though we said we wouldn't do it, politics and reality are messy. Here's something in exchange for opening the government and raising the debt limit.

But for political reasons we can't say that's what we're doing anymore than you can totally surrender. So we need to get a fig leaf of our own. What will you give us in exchange for the concessions we're making here?
Why do you believe that giving the GOP a fig leaf will make them any more cooperative? They'll just look at any concession as a lack of fighting spirit of their enemies. It will make them even more determined the next time. If the GOP ever gets the upper hand they'll push their advantage as far as they can take it.
The concession is for display purposes only. As reported (which may not be right), it's as close to nothing as you could ever expect to see. So they didn't really 'win' anything. Which I expect you'll hear the Tea Party types moaning about soon enough.

But the rest of the Republican caucus, the ones Dems will eventually do an entitlement reform for tax increase deal with, needs something. Even if it's small. Everyone knows they got their hat handed to them, but we can all pretend now that they 'got something.'

And in general if you're in a long-term negotiating relationship it doesn't pay to do a victory dance or rub their faces in the dirt when you win.

But, yes. They'll continue to push as far as they can. They crossed the line this time (and are paying a price), but in general I admire that about Republicans. This stuff really matters and it's been a long time since Democrats were willing to do everything they could to win. This most recent bout of hardball and the initial results are about the most encouraging thing you could see from a Dem perspective. Maybe they won't give away the farm this time around.
In a normal negotiating relationship I'd agree with you but the Dem vs GOP relationship in Congress is irreconcilable. The GOP is never going to give up anything. You can either fight for what you want with the same level of determination as your opponent or you can give in. There are no reasonable people to negotiate with

 
Has this- House Rule XXII, Clause 4, and the change made to it by the GOP been discussed? because I can't find it up in here...??

:popcorn:
Was discussed just a little bit.

Repubes are by and large trying to ignore it.

It lets you know exactly who forced this shutdown. The GOP.
And who is keeping it shutdown.All of those vets tearing barricades down in DC and piling them in front of the White House need to know that the whack jobs- Cruz and Palin- who were egging them on are responsible for the National Parks and memorials being closed.

Anyone who hadn't watched that video needs to.
You guys keep saying this but it isn't true. Obama was willing to negotiate and make deals with his political cronies and big business, but won't for the American people. So much for the left fighting for the common man. You guys are full of so much hypocrisy it oozes from your the pores of your skin.
:lmao: sooooo Rheetarded.

 
Assuming there is a deal reached by tomorrow, Senator Cruz could still destroy things himself by delaying tactics that any senator can use. He can push things past Thursday just to see what happens. Not saying this is likely, but several Tea Party groups and conservative talk show hosts are urging this strategy.

Once it goes through the Senate, then Boehner has to decide whether or not to allow it up for a vote. He almost has to, but if he does, there is bound to be a revolt. He's between a rock and a hard place. There is also the slim but real possibility that enough House Republicans would vote with the Tea Party to defeat the bill even with the support of every Democrat.

Lots of moving parts between now and a completed deal...
Oh bull####. Tim spends all his time here writing posts. He doesn't have time to become an expert on "several tea party groups" (what does that even mean) and conservative talk show hosts at the same time.

 
Tim what is your daily schedule like if I may ask? How do you find time to make 150 posts per day, listen to all this conservative talk radio, and keep up with all the tea party groups?

 
So if the debt ceiling doesn't get raised, why do we automatically default? We could actually propose a balanced budget and avoid that, right?
Because the debt ceiling isn't about the next budget. It's about money already spent.
Alright, so we put in a balanced budget, raise it just enough so that it covers us until that kicks in. Then we're good.
You would have to immediately cut around 80 billion a month. Where would those cuts take place?
In the federal budget.
So you refuse to be specific?
Let's see - 2.2 trillion of the 3.7 trillion goes to Defense (652B), SS (812B), Medicare (504B), and Medicaid (267B). That's 60% of our budget.

Another 611B goes to discretionary non-defense. So that's 75% of our budget right there.

Then there's about 600B for other mandatory programs and 222B in interest.

I wonder what cuts we should make. :rolleyes:
Ok, so you can't legally do it, but say you just eliminate SS - our biggest expense. Just remove it entirely. You're still roughly 150B short. Oh, and you get essentially no time to plan, no time to draw down. So, umm, yeah, good luck with that.
Then you'd better eliminate FICA. How's revenue looking?
If we eliminate FICA we'll have to eliminate Medicare too. The pair pay 1,384B in 2014 and collect 963B. It appears that SS income isn't taxed as heavily as regular income as well, so you should pick some up in federal income taxes. Probably not quite enough, so we'll have to cut some defense spending or legalize and tax weed and hookers for the time being. There's also 300B in Medicaid to play around with here so maybe we could do that one too. By 2016 it'll be 1562B to 1081B on the SS/Medicare side with a current projected deficit of 528B. So we're basically set.
You also going to Logan's Run everyone collecting SS?

 
Why do you believe that giving the GOP a fig leaf will make them any more cooperative? They'll just look at any concession as a lack of fighting spirit of their enemies. It will make them even more determined the next time. If the GOP ever gets the upper hand they'll push their advantage as far as they can take it.
The concession is for display purposes only. As reported (which may not be right), it's as close to nothing as you could ever expect to see. So they didn't really 'win' anything. Which I expect you'll hear the Tea Party types moaning about soon enough.

But the rest of the Republican caucus, the ones Dems will eventually do an entitlement reform for tax increase deal with, needs something. Even if it's small. Everyone knows they got their hat handed to them, but we can all pretend now that they 'got something.'

And in general if you're in a long-term negotiating relationship it doesn't pay to do a victory dance or rub their faces in the dirt when you win.

But, yes. They'll continue to push as far as they can. They crossed the line this time (and are paying a price), but in general I admire that about Republicans. This stuff really matters and it's been a long time since Democrats were willing to do everything they could to win. This most recent bout of hardball and the initial results are about the most encouraging thing you could see from a Dem perspective. Maybe they won't give away the farm this time around.
In a normal negotiating relationship I'd agree with you but the Dem vs GOP relationship in Congress is irreconcilable. The GOP is never going to give up anything. You can either fight for what you want with the same level of determination as your opponent or you can give in. There are no reasonable people to negotiate with
Remember every Republican Presidential candidate talking about cuts-to-taxes? There's not an inch of "give" on their dogmatic stances

 
Tim what is your daily schedule like if I may ask? How do you find time to make 150 posts per day, listen to all this conservative talk radio, and keep up with all the tea party groups?
People always ask me this. I'm a commercial real estate broker. I spend about 3-4 hours a day on the road looking at properties. I have the radio on constantly. I listen, alternatively to music, political and sports talk radio, and audible.com (books). When I'm not driving, I'm usually on the internet, both in the morning and evening, and I do a LOT of web surfing. I have access to the net on my phone and also keep a laptop in the car as well- sometimes I have to wait for clients a lonngggg time. My days inevitably involve lots of waiting around.

In the evenings, when I'm watching TV with my family or relaxing, I usually have a laptop open.

I don't really post 150 a day. I wish I did...

 
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In response to Dr. J vs. Bottomfeeder Sports, I believe that the claim that Obama is a big spender really isn't rooted in reality. As BFS points out, much of the spending, having to do with entitlements, is beyond his control. Of the major items during his Presidency: the stimulus package was, according to most economists, a necessary tool for revitalizing the economy. In many cases, such as GM, it has actually produced revenue for the government. Obamacare may end up costing us a lot of money but it hasn't done so yet, and the CBO estimates are that it will actually save money (this remains to be seen.) Personally, I believe that since we already spend an astounding 17% of our GDP on health care, Obamacare will probably end up being somewhat of a wash.

Other than those two items, what else is there? He's prolonged the Afghanistan War which he did not start, but now it's winding down. Iraq is over. He agreed to the sequester cuts, which may have reduced spending (though I doubt it.) And he raised taxes this last January, which has led to a significant shrinkage in the deficit for the first time in 10 years.

Compare this record to Bush's record of two wars, tax cuts, Medicare Plan B, and TARP. That is not to say that I necessarily approve of everything Obama spent money on, or that I necessarily disapprove of everything Bush spent money on. But to believe, as most conservatives seemingly do, that Obama is the one responsible for our debt problems is to deny reality.

 

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