On debt ceiling, markets hopeful Wash...

On debt ceiling, markets hopeful Washington has learned a lesson

There are 143 comments on the Reuters story from Jan 13, 2013, titled On debt ceiling, markets hopeful Washington has learned a lesson. In it, Reuters reports that:

The U.S. government is expected to bump up against its legal borrowing limit by March, and it would be hard to fault investors for feeling edgy.

Join the discussion below, or Read more at Reuters.

First Prev
of 8
Next Last

“Obama Shames the USA”

Since: Apr 09

Location hidden

#1 Jan 13, 2013
But Obama needs more bling for the country!
senior citizen

Granite City, IL

#2 Jan 13, 2013
Obama likes to show his authority - looks like a banny rooster in a cock fight. I doubt that he will even work with congress on the debt ceiling. His motto: My Way or NO Way.
2 posts removed
Fire the GOP

San Jose, CA

#5 Jan 13, 2013
Birth certificate!!! LOL...you natters.
Fire the GOP

San Jose, CA

#6 Jan 13, 2013
Hopefully Speaker Downgrade learned his lesson the first time. Bills are due now. Here's the options:

1) Raise the debt ceiling to pay for those bills.

2) Default on those bills and have our credit rating downgraded again.

3) Pay down those bills immediately by taking it out of everyone's paychecks.

At the end of the day, Boehnor will raise the debt ceiling. He doesn't want to be responsible for 2 again. And his TEA Party nutters are going to prevent him from doing 3.
Wall Street Government

Sebastian, FL

#7 Jan 13, 2013
The debt limit does NOT restrict Congress’s ability to enact spending and revenue legislation that affects the level of debt or otherwise constrains fiscal policy; it restricts Treasury’s authority to borrow to finance the decisions ALREADY enacted by CONGRESS and the President. Congress also usually votes on increasing the debt limit after fiscal policy decisions affecting federal borrowing have begun to take effect. In the absence of sufficient revenue, a failure to raise the debt ceiling would result in the administration being UNABLE to fund all the SPENDING which it is REQUIRED to do by PRIOR acts of CONGRESS. At that point, the government must cancel or delay some spending, a situation sometimes referred as a partial government shut down.

The teabagger congress doesn't even know how their own government works.

Teabaggers created the debt, now they don't want to pay the bill.

Typical.

Since: Mar 09

The Left Coast

#8 Jan 13, 2013
Obama has a mandate to spend us out of this recession. He proved beyond a doubt his plan works the first four years and it will work even better the next 4 years.

Since: Feb 07

Location hidden

#9 Jan 13, 2013
The lesson of Washington is that it can not police itself.
The Deception list is epic,
If Reid loses the Senate in an investigation of inappropriate behavior. Nancy may be able to ride the next appointment to please the WH. If not, the investigation list gets to the floor.
Wall Street Government

Sebastian, FL

#10 Jan 13, 2013
RustyS wrote:
Obama has a mandate to spend us out of this recession. He proved beyond a doubt his plan works the first four years and it will work even better the next 4 years.
We gave George 8 years and a "mandate" to spend us INTO a recession.

His plan worked perfectly, the ONLY thing he did right.

In 2004, President Bush was re-elected with 286 electoral votes, defeating Sen. John Kerry (D-MA) by 3.3 million votes -- the smallest popular-vote margin since 1976 (excluding the 2000 election) and the lowest electoral vote count for an incumbent president's re-election since Woodrow Wilson drew 277 electoral votes in 1916. Nevertheless, many in the media were quick to echo Vice President Dick Cheney's assertion that "the nation" gave Bush "a mandate." It remains to be seen whether the media will apply the same standard in assessing whether the results of the 2008 election constitute "a mandate" for the projected winner.

"A president with a mandate, a 10-seat majority in the Senate, at least 25 seats in the House. So everything should be smooth sailing for Republicans, right? Well, maybe not."

"In trying to advance an ambitious second-term agenda, President Bush has made it clear he intends to make every use he can of the assets at his disposal, starting with the electoral mandate he got last week."

"Interesting time for the president, obviously, he [Bush] seems to have a mandate from the people to go ahead and do what he wants to, his bidding. Where do you think this is going to take him?"

"To American politics now and the mandate. President Bush is promising to use his election mandate to push his agenda forward."

"George W. Bush took the reins of power with the confidence and certainty of one who had carried a landslide mandate to implement his own agenda. This time, of course, his claim of a popular mandate is incontrovertible. His party has strengthened its grip on both branches of the legislature, and freed of any first-term restraints that might be thrown up by reelection concerns, President George W. Bush is well positioned to even more vigorously pursue his agenda."
Fire the GOP

San Jose, CA

#11 Jan 13, 2013
RayOne wrote:
The lesson of Washington is that it can not police itself.
The Deception list is epic,
If Reid loses the Senate in an investigation of inappropriate behavior. Nancy may be able to ride the next appointment to please the WH. If not, the investigation list gets to the floor.
Should have nominated Ron Paul instead of Romney.....
Cat74

Mchenry, IL

#12 Jan 13, 2013
Monetary decisions are made in the House of Represntatives. If the Imperial President tries otherwise he should be Impeached. I think Boehner is just pissed off enough to introduce Articles of Impeachment. Thank you Mr Speaker.
equote

Llano, TX

#13 Jan 13, 2013
Wall Street Government wrote:
The debt limit does NOT restrict Congress’s ability to enact spending and revenue legislation that affects the level of debt or otherwise constrains fiscal policy; it restricts Treasury’s authority to borrow to finance the decisions ALREADY enacted by CONGRESS and the President. Congress also usually votes on increasing the debt limit after fiscal policy decisions affecting federal borrowing have begun to take effect. In the absence of sufficient revenue, a failure to raise the debt ceiling would result in the administration being UNABLE to fund all the SPENDING which it is REQUIRED to do by PRIOR acts of CONGRESS. At that point, the government must cancel or delay some spending, a situation sometimes referred as a partial government shut down.
The teabagger congress doesn't even know how their own government works.
Teabaggers created the debt, now they don't want to pay the bill.
Typical.
From what I've read you are right. Given that the entire debt (Treasury Bonds) will not all come due at once, the question will be WHO sets the priorities on what government spending will be used to pay off the coupons and mature bonds. I doubt Congress will act, they want to blame the President, but it appears the constitution supports the obligation of congress do set the priorities.
equote

Llano, TX

#14 Jan 13, 2013
Cat74 wrote:
Monetary decisions are made in the House of Represntatives. If the Imperial President tries otherwise he should be Impeached. I think Boehner is just pissed off enough to introduce Articles of Impeachment. Thank you Mr Speaker.
Monitary Policy is made by the Federal Reserve. If by 'monetary decisions' you mean taxes and spending and debt, those decisons, laws and appropriations are constitutionally the responsibility of Congress. The problems with taxes, spending and the debt are a result of the failure of Congress. Don't blame Bush, Obama or for that matter any other president. Congress is under no obligation to enact laws and appropriations that a president wants, or FOLLOW HIS/HER LEAD.

US Constitution
Article I Section 1
-
All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

Article I Section 9
-
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
-
To borrow Money on the credit of the United States;
-
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.
Wall Street Government

Sebastian, FL

#15 Jan 13, 2013
equote wrote:
<quoted text>
From what I've read you are right. Given that the entire debt (Treasury Bonds) will not all come due at once, the question will be WHO sets the priorities on what government spending will be used to pay off the coupons and mature bonds. I doubt Congress will act, they want to blame the President, but it appears the constitution supports the obligation of congress do set the priorities.
Yes, they will blame the president, they have since day one.

Meanwhile, setting a record number of fillibusters.

Since: Dec 07

Athens, TX

#16 Jan 13, 2013
Wall Street Government wrote:
<quoted text>
Yes, they will blame the president, they have since day one.
Meanwhile, setting a record number of fillibusters.
You blamed the "president" office for 8 years, now it's the house's fault??? Can't seem to make up your fkn mind, can you?

Typical fleabagger!! LMAO

House of RepresentativesIn the United States House of Representatives, the filibuster (the right to unlimited debate) was used until 1842, when a permanent rule limiting the duration of debate was created. The disappearing quorum was a tactic used by the minority until an 1890 rule eliminated it. As the membership of the House grew much larger than the Senate, the House has acted earlier to control floor debate and the delay and blocking of floor votes.

Under Clinton and Bush....there were more demorat fillibusters.....go back to civics class, bozo. Your full dem congress from 2009-10 couldn't even pass a fkn budget.

http://www.washingtonpost.com/blogs/wonkblog/...

Since: Mar 09

The Left Coast

#17 Jan 13, 2013
Wall Street has a point. Congress, under Bush, ran us into debt, we didn't like it so we gave the opportunity to Obama and the progressives. Not only did we give progressives the White House, we gave them complete control of the House and Senate for two full years. They passed obamacare so they could have passed any bill they wanted. Obama started with $10Trillion in debt, now we are at $16Trillion. Can't say I understand progressive logic, but he's right, they are in charge.
equote

Llano, TX

#18 Jan 13, 2013
RustyS wrote:
Wall Street has a point. Congress, under Bush, ran us into debt, we didn't like it so we gave the opportunity to Obama and the progressives. Not only did we give progressives the White House, we gave them complete control of the House and Senate for two full years. They passed obamacare so they could have passed any bill they wanted. Obama started with $10Trillion in debt, now we are at $16Trillion. Can't say I understand progressive logic, but he's right, they are in charge.
I think you have missed something. To paraphrase Ross Perot 'there is not a dime's worth of difference between the parties'(Democrats & Republicans) Putting the blame on Bush or Obama is scapegoating, there are lots of little (and BIG) piggies sucking on the federal tit, and they control the parties and politicians. As long as we keep relecting these folk, supporting the parties, the substance will stay the same.

Since: Dec 07

Athens, TX

#19 Jan 13, 2013
Wall Street Government wrote:
<quoted text>
Yes, they will blame the president, they have since day one.
Meanwhile, setting a record number of fillibusters.
There are NO fillibusters in the house.....and the dems have the record for fillibusters in the senate. Try to keep up.

Reid demands the opposition be shut down completely, or they tow the line and just agree to all he demands of them and otherwise shut up and sit down in the corner. He will stop at nothing to achieve his goals. We have seen his ruthlessness and sheer cowardness in the last election with the moves he played from the Senate floor at Romney due to the fact he could not be sued for libel when on the floor.

Your Mormon senate majority leader is trying to get rid of "checks and balances!" The boy is and evil playmate.
Wall Street Government

Sebastian, FL

#20 Jan 13, 2013
Bluebonnets-Thistle wrote:
<quoted text>
You blamed the "president" office for 8 years, now it's the house's fault??? Can't seem to make up your fkn mind, can you?
Typical fleabagger!! LMAO
House of RepresentativesIn the United States House of Representatives, the filibuster (the right to unlimited debate) was used until 1842, when a permanent rule limiting the duration of debate was created. The disappearing quorum was a tactic used by the minority until an 1890 rule eliminated it. As the membership of the House grew much larger than the Senate, the House has acted earlier to control floor debate and the delay and blocking of floor votes.
Under Clinton and Bush....there were more demorat fillibusters.....go back to civics class, bozo. Your full dem congress from 2009-10 couldn't even pass a fkn budget.
http://www.washingtonpost.com/blogs/wonkblog/...
Teabaggers still haven't passed one.

Bush was able to set and pass his agenda for 3 times as long as Obama and no I blamed the republican congress too.

In the 110th Congress of 2007-2008, with Republicans in the minority, there were a record 112 cloture votes. In the current session of Congress – the 111th – for all of 2009 and the first two months of 2010 the number already exceeds 40. The most the filibuster has been used when Democrats were in the minority was 58 times in the 106th Congress of 1999-2000.

From the time of the invention of the cloture rule, during World War I, until the end of the Reagan administration, there were a total of 385 cloture motions filed. That's a span of about 70 years. But in the five and a half years since Republicans lost control of the Senate after the 2006 elections, there have been 359 cloture motions filed.

In fact, today's cloture vote was on the 83rd cloture motion filed in the 112th Congress. That's the third all-time highest number of cloture motions ever filed, and it's only May. And what two Congresses are the only ones ever to see more cloture motions filed? Well, it's the last two: the 110th and 111th. The two immediately following the Republicans' loss of control of the chamber.

On December 6, 2012, another milestone in filibuster history was reached when Senator Mitch McConnell (R-KY), Senate Minority Leader, became the first senator to filibuster his own proposal.

Stupid teabaggers.
Wall Street Government

Sebastian, FL

#21 Jan 13, 2013
Bluebonnets-Thistle wrote:
<quoted text>
There are NO fillibusters in the house.....and the dems have the record for fillibusters in the senate. Try to keep up.
Reid demands the opposition be shut down completely, or they tow the line and just agree to all he demands of them and otherwise shut up and sit down in the corner. He will stop at nothing to achieve his goals. We have seen his ruthlessness and sheer cowardness in the last election with the moves he played from the Senate floor at Romney due to the fact he could not be sued for libel when on the floor.
Your Mormon senate majority leader is trying to get rid of "checks and balances!" The boy is and evil playmate.
Wasn't reffering to the HOUSE and no the dems didn't.
107th Congress, 2001-2003, Democrats in minority: 71 cloture motions filed
108th Congress, 2003-2005, Dem minority: 62
109th Congress, 2005-2007, Dem minority: 68
110th Congress, 2007-2009, Republican minority: 139
111th Congress, 2009-2011, Rep minority: 137
112th Congress, 2011-2013, Rep minority: 87 (so far)
This suggests that Republicans threaten about twice as many filibusters as Democrats do. The number is down for the current Congress, in part because Democrats have just thrown up their hands (and remember, this Congress isn’t over yet).

Poor teabagger.

Since: Dec 07

Athens, TX

#22 Jan 13, 2013
Wall Street Government wrote:
<quoted text>
Teabaggers still haven't passed one.
Bush was able to set and pass his agenda for 3 times as long as Obama and no I blamed the republican congress too.
In the 110th Congress of 2007-2008, with Republicans in the minority, there were a record 112 cloture votes. In the current session of Congress – the 111th – for all of 2009 and the first two months of 2010 the number already exceeds 40. The most the filibuster has been used when Democrats were in the minority was 58 times in the 106th Congress of 1999-2000.
From the time of the invention of the cloture rule, during World War I, until the end of the Reagan administration, there were a total of 385 cloture motions filed. That's a span of about 70 years. But in the five and a half years since Republicans lost control of the Senate after the 2006 elections, there have been 359 cloture motions filed.
In fact, today's cloture vote was on the 83rd cloture motion filed in the 112th Congress. That's the third all-time highest number of cloture motions ever filed, and it's only May. And what two Congresses are the only ones ever to see more cloture motions filed? Well, it's the last two: the 110th and 111th. The two immediately following the Republicans' loss of control of the chamber.
On December 6, 2012, another milestone in filibuster history was reached when Senator Mitch McConnell (R-KY), Senate Minority Leader, became the first senator to filibuster his own proposal.
Stupid teabaggers.
Hilarious....now were having a contest.

Republican fillibuster.........obstructio nnist!!!

Democrat fillibutster.......partiotic!!

http://jepaikin.files.wordpress.com/2011/04/h...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 8
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

US Politics Discussions

Title Updated Last By Comments
News Ill. House Approves Legalizing Same-Sex Civil U... (Dec '10) 2 min Mark 52,013
News Riots in Baltimore raise questions about police... 6 min Silent Echo 3,472
News 2016 hopefuls react to Obamacare ruling 7 min Responsibility 19
News Evolution vs. Creation (Jul '11) 8 min ChristineM 168,594
News Barack Obama, our next President (Nov '08) 10 min OBAMA the GENIUS 1,250,585
News Mainstream Right-Wingers, Don't Even Start With... 10 min xxxrayted 430
Time to go? 11 min barefoot2626 456
News The President has failed us (Jun '12) 29 min Coffee Party 332,417
News Texas Sen. Ted Cruz not backing down on same-se... 1 hr barefoot2626 81
News Governors vow to fight SCOTUS ruling on gay mar... 1 hr American_Infidel 480
Election 'Fox News Sunday' to Host Kentucky Senate Debate (Oct '10) 1 hr Le Jimbo 186,039
More from around the web