Deciphering the shutdown and debt ceiling negotiations, or non-negotiations, requires a PhD in political maneuvering. So far, it looks like the Senate is crafting some kind of framework but the House doesn’t like it and neither does President Obama. At least, that’s the current situation in a nutshell..

Report from the New York Times:

Senate leaders neared the completion Monday night of a bipartisan deal to raise the debt ceiling and end the government shutdown while the rest of the world braced for the possibility of an American default that could set off a global financial disaster.

Negotiators talked into the evening as senators from both parties coalesced around a plan that would lift the debt limit through Feb. 7, pass a resolution to finance the government through Jan. 15 and conclude formal discussions on a long-term tax and spending plan no later than Dec. 13, according to one Senate aide briefed on the plan.

But while both Senator Mitch McConnell of Kentucky, the Republican leader, and Senator Harry Reid of Nevada, the Democratic leader, praised the progress that was made in the Senate, it was already clear that the most conservative members of the House were not going to go along quietly with a plan that does not accomplish their goal from the outset of this two-week-old crisis: dismantling the president’s health care law.

“We’ve got a name for it in the House: it’s called the Senate surrender caucus,” said Representative Tim Huelskamp, Republican of Kansas. “Anybody who would vote for that in the House as Republican would virtually guarantee a primary challenger.”

The threat of defaulting on the nation’s debt on October 17 is rather overblown as reported from The Hill:

A major credit rater expects the Treasury Department would avoid default if the $16.7 trillion debt limit were not raised.

In a document dated Oct. 7, Moody’s Investors Service said it believes that if the borrowing cap were not increased, the government would prioritize making interest and principal payments on its outstanding debt above other government bills, even though the Treasury Department has repeatedly called prioritization plans unworkable.

“We believe the government would continue to pay interest and principal on its debt, even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the rater said.

There are conflicting stories flying around and it’s hard to believe anything coming out of Washington given that we’re in the middle of such a heated political battle.

Update

The House is now pushing their own solution, via CNBC:

The House GOP will propose a bill to open the government and raise the debt ceiling in return for various concessions related to Obamacare.

The bill will ask for, among other things, a two year delay in a controversial medical device tax, and will require income verification for various aspects of Obamacare.

In return, the bill will fund the government through January 15, and raise the debt ceiling until February 7.

Dow Jones reported the House measure would also place limits on the Treasury’s ability to take the so-called extraordinary measures it has used to extend the debt ceiling in past.

The House could vote on its version of the plan as soon as Tuesday, the wire service reported.

Safe to say the ball is advancing down the field. Will it be turned over on downs or will both sides get at least a field goal out of this train-wreck?

5 COMMENTS

  1. Nate: “Deal or no Deal” — good one! LOL….

    How appropriate to compare our “Government” IN ITS TOTALITY (Congress, Senate, Supreme Court and White House) to an idiotic TV show…LOL!

    Watch it transpire: THE BIG AMERICAN SELL OUT — Neocons and Democrooks agreeing to further bankrupt US, THE PEOPLE, by raising the debt ceiling again!

    Let us hope this gets recorded — and kept alive who voted for it — so come 2014 these SCUMBAGS will get voted out of Office!

  2. AGAIN — Save our Free Republic from wannabe Dictator Hussein Obama!

    Start Impeachment proceedings against Barrack Hussein Obama NOW! Or at least get Congress to immediately start an investigation of his Forged Birth Certificate posted online — WHY WON’T HE SHOW THE ORIGINAL..if he has nothing to hide?!
    —————————————————————————————

    Does anyone with a functioning brain think that Obama’s goal from day one has been anything but the destruction of our Free Republic, by eliminating the US Constitution as the ONLY TRUE AND INDISPENSABLE framework on which our Nation MUST be based?!

    Barrack Hussein has done much damage to the Constitution already — his NADA signature (which he lied that he’ll NEVER sign) into law allowing any US Citizen to be whisked away, without due process or representation, to some secret Military Base on MERE suspicion (not actual proof) of being a “terrorist”!

    Barrack Hussein also wanted armed drones to fly all over America (but Rand Paul’s heroic stand finally elicited a response from the White House — not Barrack Hussein directly– that such drones wont kill Americans on American soil)!

    Barrack Hussein has started more “treason trials” on whistle blowers than all other presidents combined in US history!

    Barrack Hussein has finalized the NSA Spying on All Americans at the Utah Center — that is up and running already, AND collecting all possible DATA on ALL Americans!

    Barrack Hussein and wife Michelle Obama have publicly stated that they have attended US Flag burnings, because: “We feel that the US Constitution was written in Colonial Times and no longer applies to today’s world, being an archaic document …therefore, we do not think the US Flag represents what America should be today”! Meaning they want the US Constitution abolished!

    These are just a few of the horrendous examples Obama has perpetrated against the American people — but they are very narrow, few will suffer from them today.
    ————————————————————————————————–

    Here is THE BIG ONE — Obama’s Coup d’état of our Republic!

    “Obamacare” affects EVERY SINGLE AMERICAN, our Entire Nation — and as SUCH is nothing else, but the ultimate illegal weapon that ENDS the US Constitution, and thereby our Nation as Free People!

    The US Constitution PROHIBITS the mandate of anyone (whether private or public entities) from FORCING their goods or services on the Free American People upon the threat of penalty! (Example: If Verizon tells you: “You must subscribe to our service, or be penalized”. If Verizon tries to force that upon you, any Court of Law would find them guilty of EXTORTION, and give them jail time)!

    Thus, why would Obama’s “Obamacare” be treated differently, and not as the illegal EXTORTION that it is?!
    ————————————————————————————————–

    What can you do to save our Nation — simple, get your reps to Save America by STARTING an IMPEACHMENT PROCESS of Obama NOW!

    With Obama’s DISAPPROVAL rating climbing through the roof — now is the perfect storm to go after all of Barrack Hussein’s perfidies full throttle!

    Let’s get this anti-American Usurper of our White House impeached, and hopefully send to jail for a long, long time.

    This will be a good start:

    Contact Texas congressman Steve Stockman and urge him to start an immediate investigation of Barrack Hussein’s failure to provide naught but a forged Birth Certificate online!

    Texas congressman Steve Stockman:

    326 Cannon House Office Building
    Independence Avenue
    Washington, DC 20515
    Phone: 202-225-1555
    Fax: 202-226-0396
    Hours: M-F 9-5:30pm

    420 Green Avenue
    Orange, TX 77630
    Phone: 409-883-8075
    Fax: 409-886-9918
    Hours: M-F 8-4:00pm

    he also has a website — look it up
    ———————————————————————————-
    Make this short video viral — Obama’s Birth Certificate shown 100% fraudulent:

    https://www.youtube.com/watch?v=Px9XtjUAIzs

    • The easiest solution TO STOP OBAMACARE FROM DESTROYING US, is to impeach Obama on his failure to provide a valid birth certificate, which he STILL refuses to do!

      Call your Reps AND ALSO FAX them the below (since phone calls never get you to your actual Representative) — FAX this:
      ———————————————————————————————–

      “We demand that an investigation be started in Congress BY YOU, dear Congressman, as to Obama’s failure to SHOW HIS ORIGINAL BIRTH CERTIFICATE AS OF YET — no copies, please, since no US Citizen could get anywhere with a Copy, but MUST show the ORIGINAL (what makes Barrack Hussein Obama ABOVE the Law NOT TO DO what WE ALL American Citizens must do)!
      Why won’t Obama show his ORIGINAL Birth Certificate — “If you have nothing to hide, you have nothing to worry about!” (that is his mantra on the NSA spying on US)! So, what is Barrack Hussein Obama hiding from Congress and We the People — as per this video:

      http://www.youtube.com/watch?v=Px9XtjUAIzs

      Dear Congressman, if you are unwilling to start such an investigation, be assured we won’t be willing to cast our votes for you come election time!”
      ———————————————————————————————-

      Fax this Patriot in my home state (and also your Reps):

      Texas congressman Steve Stockman:

      Fax: 202-226-0396

  3. MUST SEE — superb 17 minute video by Ron Paul.

    http://www.youtube.com/watch?v=jKKF5vfZKaE

    Concisely describes our current state as a nation, and what will inescapably follow.

    Make it viral — America needs to wake up, to comprehend the EVIL that is the Obama Administration. And Obama’s probable endgame to declare Martial Law, and thus suspend elections and finally achieve his goal since childhood to become King (look up video 3 at minute 5:45 — he writes on his school steps “King Obama” as a child)!

    The below is a MUST SEE — “Who exactly is Barrack Hussein Obama?”

    part one:

    http://www.youtube.com/watch?v=6Og0Mq9Y1PM

    part two:

    http://www.youtube.com/watch?v=c1PVXH5JJ3M

    part three:

    http://www.youtube.com/watch?v=opCfsJjPq_k

Comments are closed.