John Boehner to hold conference call with GOP members at 8:30 p.m.

Quote from Random.Capital:

They're not "their ideas". Ross Perot tried to fix this mess two decades ago, and voters shot him up. Ok, some of it was Ross being Ross, too. :) And before him was the Concord Coalition, which completely failed to gain any meaningful traction with voters.

The plain reality is that American voters have expressed over and over again that they like deficit spending, and that's what this "compromise" gives them. As long as that remains true, Perot or the Concord Coalition or the Tea Party or whatever name they cook up in the future will remain on the fringes.

I'm not saying I necessarily *like* it - but I'm not going to ignore the plain reality.

It is what it is....
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Well, of the 75 other times the debt ceiling was raised, has there ever been this much resistance? I'd say there's a moral victory at least.
 
Quote from MKTrader:

Well, of the 75 other times the debt ceiling was raised, has there ever been this much resistance? I'd say there's a moral victory at least.
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won't be raised in 2013?
 
Both Bush I and Clinton went to the wall, involving actual gov't shutdowns.

This wasn't even close to being as close.

In the end, the TPers put up a disappointingly feeble fight.
 
Quote from Random.Capital:

Both Bush I and Clinton went to the wall, involving actual gov't shutdowns.

This wasn't even close to being as close.

In the end, the TPers put up a disappointingly feeble fight.
More...

Different issue. A similar gov't shutdown scare/farce has happened under Obama already. But never has there been a fight like this over the debt ceiling. Although one senator (who has obviously changed his mind since) spoke up:

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

- B.H. Obama, 2006
 
Quote from MKTrader:

...
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

- B.H. Obama, 2006
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2008 crisis changed everything. by the time Obama was in office the plan to "safe the banks=save the country" has been implemented and the money injected into the system.

could Obama do more damage trying to overturn the plan in progress? was he too gutless/green/young and missed the only opportunity he had to really make a difference as president during his first year (by letting the banks fail)?

i don't know the answers. maybe somebody here on ET does.
 
Quote from MKTrader:

Different issue. A similar gov't shutdown scare/farce has happened under Obama already. But never has there been a fight like this over the debt ceiling. Although one senator (who has obviously changed his mind since) spoke up:

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

- B.H. Obama, 2006
More...

Some detail here:

http://www.washingtonpost.com/blogs...ted/2011/03/29/gIQANEcGmI_blog.html#pagebreak

Look like defense spending was firewalled off from the negotiations.
 
I got the same impression that defense cuts are not currently a big part of the debt debate. I can understand why.

The defense industry is a big employer. Both sides feel this is not the time to cut their steady employment.

Defense is still supporting multiple foreign wars. This would appear unpatriotic for any side in the next election. They would be ridiculed for lack of full support of our troops in the field.


Quote from 377OHMS:

Some detail here:

http://www.washingtonpost.com/blogs...ted/2011/03/29/gIQANEcGmI_blog.html#pagebreak

Look like defense spending was firewalled off from the negotiations.
More...
 
Most of my family and cousins run small businesses to make their living. These family members are not all died in the wool Republicans. Many of them come from Democratic households dating to FDR that voted for Obama.

The questions my family keeps raising again and again about Obama’s leadership at family events like our recent picnic are “Why did Obama not recognize how bad the crisis was in main street America and instead focused government on his Obamacare? Doesn’t Obama know how much uncertainty Obamacare, government regulation and lack of bank lending support are causing small businesses today? Why do they want to tax us more in these bad times when our margins are shrinking due to costs sky rocketing ? When are these politicians going to give us some incentive to make capital investments and hire again?”

I don’t know the answers either Shortie. We are all still waiting for someone to be a leader with a plan to get us out of this mess. Instead the best our current leaders can do is blame each other.


Quote from shortie:

2008 crisis changed everything. by the time Obama was in office the plan to "safe the banks=save the country" has been implemented and the money injected into the system.

could Obama do more damage trying to overturn the plan in progress? was he too gutless/green/young and missed the only opportunity he had to really make a difference as president during his first year (by letting the banks fail)?

i don't know the answers. maybe somebody here on ET does.
More...
 
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