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Can't the dems just offer up a debt ceiling raise?

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flying rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:27 PM
Original message
Can't the dems just offer up a debt ceiling raise?
no strings atached. Dont think it would pass, but it might stir the pot a little more.
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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:29 PM
Response to Original message
1. that is what should happen
but the tea wont allow it (and the dems dont have no spine)..
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Cool Logic Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 06:09 PM
Response to Reply #1
7. Actually, the Senate could take the CCB bill that the House sent over,
strip everything out they don't like, and send it back to the House exactly as the OP described.
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:30 PM
Response to Original message
2. The Asian stock markets are facing a crash -- on Sunday, our time.
Edited on Sat Jul-23-11 05:32 PM by pnwmom
This isn't the time to be stirring the pot a little more.


http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/0...

Concern about Asian markets' reaction to the collapse of talks on a long-term deficit plan between Boehner and President Barack Obama was a subject in a meeting today among the president and congressional leaders, the aides said.

The markets could be tumultuous if a plan isn't negotiated over the weekend, said Christian Cooper, head of U.S. dollar derivatives trading in New York at Jefferies & Co.

"The markets will be under very real pressure at the open because the assumption will be there is really no resolution to this," Cooper said. "The breakdown in negotiations has crossed the line from the political posturing of the last few weeks to potentially a very real crisis.

"The Tea Party is effectively playing Russian roulette with the bond market and they will, with certainty, lose," Cooper said. Jefferies is one of 20 primary dealers that trade with the U.S. Federal Reserve.
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:37 PM
Response to Reply #2
3. "Fuck the American Tax Payer - Lets Worry about Asian Markets"
Got to Love them RATpubliCONs
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:46 PM
Response to Reply #3
4. No, this is about US. The Asian markets are trading in U.S. stocks,
Edited on Sat Jul-23-11 05:47 PM by pnwmom
among others. If prices fall in Asia, they'll fall even more here.

The point isn't that the losses will occur in Asia -- the point is that the same stocks will fall here -- as soon as our markets open.
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Davis_X_Machina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:51 PM
Response to Original message
5. There was a clean debt-ceiling increase vote in May..
...and it got a whopping 97 votes. That's far from the complete Democratic caucus.
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flying rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 05:57 PM
Response to Reply #5
6. oh shit n/t
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 06:26 PM
Response to Original message
8. I think they may do that but not yet. To get it to pass they need to
have us standing on the edge of the cliff, in a panic. Obama also needs to keep rethugs on the run looking like the obstructionists that they are.
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 06:30 PM
Response to Original message
9. It might pass
And they should do it.
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kirby Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 06:56 PM
Response to Original message
10. No.
In the House the majority controls the Rules Committee. Whichever party controls that committee determines which bills can see the light of day.
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