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Debt Ceiling To Be GOP "Leverage Moment"

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Wamitoria
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Debt Ceiling To Be GOP "Leverage Moment"

Postby Wamitoria » Sun Apr 10, 2011 3:16 pm

WASHINGTON -- House Republicans will demand major concessions before agreeing to raise the nation's debt ceiling, Majority Leader Eric Cantor (Va.) said on Sunday, setting the stage for another showdown over spending.

Cantor said on "Fox News Sunday" that the House GOP was emboldened by the funding deal announced on Friday, in which the Obama White House and Senate Democrats agreed to roughly $38 billion in spending cuts. Lengthy negotiations over that deal nearly left the federal government unfunded and forced to shut down, but the stakes may be even higher for the debt ceiling, which must be raised to prevent the United States from defaulting on its loans.

In exchange for raising the debt limit -- long a routine move allowing the Treasury Department to borrow more money -- House Republicans will demand further concessions to shrink the government, Cantor said.

"There comes at times leverage moments, a time when the president will capitulate to what the American people want right now," he said. "They don't want to raise taxes, they don't want borrowing to continue out of control."

The White House, meanwhile, its preparing its own long-term plan to reduce the deficit, which will be unveiled later this week, adviser David Plouffe said on "Fox News Sunday." President Barack Obama will address the matter in a speech on Wednesday, White House Communications Director Dan Pfeiffer announced on Twitter Sunday morning.

While the White House and House Republicans agree that the deficit should be reduced, their respective strategies vary widely. The House GOP plan, which was unveiled by Budget Committee Chairman Paul Ryan (R-Wis.) last week, would cut taxes and make major entitlement changes. Many of the cuts in the Ryan proposal would weigh most heavily on low-income Americans and senior citizens, including the replacement of Medicare with a voucher-like program forcing seniors to use government money to pay for private health insurance.

Obama did not address entitlements in his 2012 budget, which was unveiled earlier this year, but the president will request some changes to Medicare in the plan to be released this week, Plouffe said.
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"My hope is it will be clear ... that we can achieve deficit reduction," Plouffe said. "We don't disagree that we can't continue on this fiscal path."

Plouffe urged Republicans not to hold up the debt ceiling vote, which Treasury Secretary Timothy Geithner has said must be passed before May 16. Obama himself voted against raising the debt limit when he was in the Senate -- a vote he now regrets, Plouffe said.

The White House is almost certain to face a similar battle over the debt ceiling as it did over government funding, however, as Republicans gear up to demand more cuts.

Plouffe said the negotiations over a spending deal, which was reached at the eleventh hour on Friday, showed that Obama will protect programs that are a priority, such as education and medical research. He denied that the deal showed the president, who has upped his rhetorical focus on deficit reduction in the wake of the compromise, was being pushed into cuts by Republicans.

"You can't look at any cuts as we're embracing the Republican orthodoxy," Plouffe said. "The president believes we need to reduce the deficit and cut spending, it's how you do it."

Cantor, however, said the White House and Senate Democrats "were dragged kicking and screaming to the table to cut spending."

The majority leader said that process may repeat itself in the coming debate over raising the debt ceiling, when Republicans plan to demand spending caps, entitlement reform or budget process reform in exchange for further federal borrowing.

"This spending deal that was cut this week was only the beginning," he said. "This was only the first bite of the apple. We've been saying that all along."


Tl;dr: The Republicans in the house plan to use the debt ceiling and the threat of a double-dip recession to push their agenda.

I don't like where American politics are heading.

Have we really come to this? I mean, it's already bad enough that the GOP threatened to shut down the government if they didn't get what they wanted, but now, they are threatening to wreck the economy? What are your views on the situation?
Last edited by Wamitoria on Sun Apr 10, 2011 3:17 pm, edited 1 time in total.
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Lackadaisical2
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Postby Lackadaisical2 » Sun Apr 10, 2011 3:30 pm

Its the right thing to do.
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Free Soviets
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Postby Free Soviets » Sun Apr 10, 2011 3:37 pm

the real test here is if boehner means it when he says he understands that nuking the world economy is a bad idea. because he has the votes in the house to raise the debt ceiling, no problem. so, either he brings it up for a vote without anything attached because he has a shred of decency left in his orange husk or we'll know for sure that the repubs cannot be bargained with, ever. at which point we're going to have to take extraordinary measures, one way or another.
Last edited by Free Soviets on Sun Apr 10, 2011 4:26 pm, edited 1 time in total.

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Postby Cannot think of a name » Sun Apr 10, 2011 3:40 pm

How many 'leverage moments' are they going to have?
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Free Soviets
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Postby Free Soviets » Sun Apr 10, 2011 4:01 pm

Cannot think of a name wrote:How many 'leverage moments' are they going to have?

basically, infinite. since they clearly seem willing to kill america, hostage taking will be a winning strategy for them. this is why you don't let the terrorists know you are willing to negotiate with terrorists.

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Mike the Progressive
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Postby Mike the Progressive » Sun Apr 10, 2011 4:03 pm

And I don't like the way our government is spending.

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Kalibarr
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Postby Kalibarr » Sun Apr 10, 2011 4:05 pm

I don't like how they're abusing the economic situation to appease their corporate masters.

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Postby Ashmoria » Sun Apr 10, 2011 4:07 pm

it is as if they dont understand that not raising the debt limit isnt a political issue. it would hurt them as much as it would hurt the dems and would devastate the country and probably the rest of the world too.

so the dems should just say "fuck you" because the republicans just arent that insane.
whatever

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Postby Trotskylvania » Sun Apr 10, 2011 4:09 pm

So they're putting a gun to the head of the world economy? Wonderful.

Obama, now is your chance. Make it clear to everyone they're holding the world hostage to get their own short-sighted goals passed.
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Re: Debt Ceiling To Be GOP "Leverage Moment"

Postby Alien Space Bats » Sun Apr 10, 2011 4:19 pm

Lackadaisical2 wrote:Its the right thing to do.

Yep, and filibustering any bill to extend the Bush tax cuts past the end of 2012 is the right thing to do as well.

You really want to go nuclear, son? Do you feel lucky?



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Do you really want to go that far? Because if you leave us no other course, we will play your game - and play it as ferociously as you do.
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Postby Trotskylvania » Sun Apr 10, 2011 4:24 pm

I wonder how the markets are going to do tomorrow, now that word of this nuclear brinkmanship has been uttered in the highest halls of government.

I guess the only thing we can do is hope that they're bluffing or are going to be reasonable in what they ask, or else we're going to see Great Depression, Mk. 2.
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Postby Free Soviets » Sun Apr 10, 2011 4:28 pm

Kalibarr wrote:I don't like how they're abusing the economic situation to appease their corporate masters.

this is actually our bit of hope - this move would be terrible for their corporate masters, too. we are talking about a move that is literally insane and which can do absolutely no good for anyone. this is how we really find out just how much of the asylum the inmates are running.
Last edited by Free Soviets on Sun Apr 10, 2011 4:28 pm, edited 1 time in total.

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Postby SaintB » Sun Apr 10, 2011 4:30 pm

I'm sick of this 'leverage' shit. Its fucking the nation and the world over to pass an agenda only the most hardcore followers of the GOP agree with.
Hi my name is SaintB and I am prone to sarcasm and hyperbole. Because of this I make no warranties, express or implied, concerning the accuracy, completeness, reliability or suitability of the above statement, of its constituent parts, or of any supporting data. These terms are subject to change without notice from myself.

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Postby Christmahanikwanzikah » Sun Apr 10, 2011 4:32 pm

By "Leverage Moment" they literally mean that they're going to affix the work end of their lever underneath Congress.

Though I'm not sure if they know what a "moment" is. I know they've had them, on several occasions, but the idea of F x r is too much for them.
Last edited by Christmahanikwanzikah on Sun Apr 10, 2011 4:34 pm, edited 2 times in total.

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Postby Maurepas » Sun Apr 10, 2011 4:32 pm

Ashmoria wrote:it is as if they dont understand that not raising the debt limit isnt a political issue. it would hurt them as much as it would hurt the dems and would devastate the country and probably the rest of the world too.

so the dems should just say "fuck you" because the republicans just arent that insane.

Yes they are, well, not insane, it's a calculated move. Who do you think the Fox News Media Empire(who gets more viewers/listeners/readers than any other network) is going to blame if it does devastate all of those things? It ain't Boner and the Republicans, that's for sure.

They've gotten something they didn't have before as of late, a certain, "Everything is the Democrats' fault" meter.

Now, personally, I'd tell them to fuck off too, I'd've told them to fuck off a great deal many times before, but I'm not running for reelection, and I have no doubt in my mind spineless Barack Obama will capitulate once again to their demands and the country will be worse off for it.

Because time and time again Barack Obama has proven himself to lack balls.

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Postby Ashmoria » Sun Apr 10, 2011 4:33 pm

SaintB wrote:I'm sick of this 'leverage' shit. Its fucking the nation and the world over to pass an agenda only the most hardcore followers of the GOP agree with.

i am sick of the pretense that "the american people" want them to fuck us over with budget cuts that hurt the poor and the middle class and tax cuts that only benefit the rich.
whatever

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SaintB
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Postby SaintB » Sun Apr 10, 2011 4:35 pm

Maurepas wrote:
Ashmoria wrote:it is as if they dont understand that not raising the debt limit isnt a political issue. it would hurt them as much as it would hurt the dems and would devastate the country and probably the rest of the world too.

so the dems should just say "fuck you" because the republicans just arent that insane.

Yes they are, well, not insane, it's a calculated move. Who do you think the Fox News Media Empire(who gets more viewers/listeners/readers than any other network) is going to blame if it does devastate all of those things? It ain't Boner and the Republicans, that's for sure.

They've gotten something they didn't have before as of late, a certain, "Everything is the Democrats' fault" meter.

Now, personally, I'd tell them to fuck off too, I'd've told them to fuck off a great deal many times before, but I'm not running for reelection, and I have no doubt in my mind spineless Barack Obama will capitulate once again to their demands and the country will be worse off for it.

Because time and time again Barack Obama has proven himself to lack balls.

He pulls them out and sets them on his desk but as soon as someone threatens to kick them he hides again.
Hi my name is SaintB and I am prone to sarcasm and hyperbole. Because of this I make no warranties, express or implied, concerning the accuracy, completeness, reliability or suitability of the above statement, of its constituent parts, or of any supporting data. These terms are subject to change without notice from myself.

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Postby Maurepas » Sun Apr 10, 2011 4:38 pm

SaintB wrote:
Maurepas wrote:Yes they are, well, not insane, it's a calculated move. Who do you think the Fox News Media Empire(who gets more viewers/listeners/readers than any other network) is going to blame if it does devastate all of those things? It ain't Boner and the Republicans, that's for sure.

They've gotten something they didn't have before as of late, a certain, "Everything is the Democrats' fault" meter.

Now, personally, I'd tell them to fuck off too, I'd've told them to fuck off a great deal many times before, but I'm not running for reelection, and I have no doubt in my mind spineless Barack Obama will capitulate once again to their demands and the country will be worse off for it.

Because time and time again Barack Obama has proven himself to lack balls.

He pulls them out and sets them on his desk but as soon as someone threatens to kick them he hides again.

:lol2:

Should've nominated Hillary, I think she has more.

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SaintB
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Postby SaintB » Sun Apr 10, 2011 4:43 pm

Ashmoria wrote:
SaintB wrote:I'm sick of this 'leverage' shit. Its fucking the nation and the world over to pass an agenda only the most hardcore followers of the GOP agree with.

i am sick of the pretense that "the american people" want them to fuck us over with budget cuts that hurt the poor and the middle class and tax cuts that only benefit the rich.

I am too, since Reagan all they GOP has done is marginalize the marginalized and when they aren't doing that they are coming up with new and exciting ways to stamp on people's civil liberties (unless it involves guns). They screw over the very demographic that votes for them and yet they keep voting Republican like a kicked dog coming back for supper its fucking disgusting.
Who do they direct their campaigns to? The unskilled laborers, farmers, and the elderly are the biggest demographic that votes for them.
Who gets hurt the most by their policies? The unskilled laborers, farmers, and the elderly. Who benefits? The top 1/2 of 1 percent usually.
Hi my name is SaintB and I am prone to sarcasm and hyperbole. Because of this I make no warranties, express or implied, concerning the accuracy, completeness, reliability or suitability of the above statement, of its constituent parts, or of any supporting data. These terms are subject to change without notice from myself.

Every day NationStates tells me I have one issue. I am pretty sure I've got more than that.

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Ashmoria
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Postby Ashmoria » Sun Apr 10, 2011 4:45 pm

Maurepas wrote:
Ashmoria wrote:it is as if they dont understand that not raising the debt limit isnt a political issue. it would hurt them as much as it would hurt the dems and would devastate the country and probably the rest of the world too.

so the dems should just say "fuck you" because the republicans just arent that insane.

Yes they are, well, not insane, it's a calculated move. Who do you think the Fox News Media Empire(who gets more viewers/listeners/readers than any other network) is going to blame if it does devastate all of those things? It ain't Boner and the Republicans, that's for sure.

They've gotten something they didn't have before as of late, a certain, "Everything is the Democrats' fault" meter.

Now, personally, I'd tell them to fuck off too, I'd've told them to fuck off a great deal many times before, but I'm not running for reelection, and I have no doubt in my mind spineless Barack Obama will capitulate once again to their demands and the country will be worse off for it.

Because time and time again Barack Obama has proven himself to lack balls.

yes but then you have to believe that every last republican is willing to drive the car off the cliff and die.

that just isnt going to happen so any bravado they put out is bullshit.
whatever

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Postby Ashmoria » Sun Apr 10, 2011 4:47 pm

SaintB wrote:
Ashmoria wrote:i am sick of the pretense that "the american people" want them to fuck us over with budget cuts that hurt the poor and the middle class and tax cuts that only benefit the rich.

I am too, since Reagan all they GOP has done is marginalize the marginalized and when they aren't doing that they are coming up with new and exciting ways to stamp on people's civil liberties (unless it involves guns). They screw over the very demographic that votes for them and yet they keep voting Republican like a kicked dog coming back for supper its fucking disgusting.
Who do they direct their campaigns to? The unskilled laborers, farmers, and the elderly are the biggest demographic that votes for them.
Who gets hurt the most by their policies? The unskilled laborers, farmers, and the elderly. Who benefits? The top 1/2 of 1 percent usually.

they spent this last election (besides "jobs jobs jobs") attacking the dems for cutting medicare.

now their new budget KILLS MEDICARE.

will their voters even notice?
whatever

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Postby Lackadaisical2 » Sun Apr 10, 2011 4:48 pm

Alien Space Bats wrote:
Lackadaisical2 wrote:Its the right thing to do.

Yep, and filibustering any bill to extend the Bush tax cuts past the end of 2012 is the right thing to do as well.

You really want to go nuclear, son? Do you feel lucky?

I ain't your son, boy. (imagine a fake southern accent :P )

I feel pretty lucky, yeah. Hell, I'd probably support the dems in that case.

Do you really want to go that far? Because if you leave us no other course, we will play your game - and play it as ferociously as you do.

I really doubt the current crop of democrats have their shit together, but we seem likely to find out.
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SaintB
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Postby SaintB » Sun Apr 10, 2011 4:50 pm

Ashmoria wrote:
SaintB wrote:I am too, since Reagan all they GOP has done is marginalize the marginalized and when they aren't doing that they are coming up with new and exciting ways to stamp on people's civil liberties (unless it involves guns). They screw over the very demographic that votes for them and yet they keep voting Republican like a kicked dog coming back for supper its fucking disgusting.
Who do they direct their campaigns to? The unskilled laborers, farmers, and the elderly are the biggest demographic that votes for them.
Who gets hurt the most by their policies? The unskilled laborers, farmers, and the elderly. Who benefits? The top 1/2 of 1 percent usually.

they spent this last election (besides "jobs jobs jobs") attacking the dems for cutting medicare.

now their new budget KILLS MEDICARE.

will their voters even notice?

Not likely, they are still letting themselves be dazzled by "jobs jobs jobs" "Drill Baby Drill" "Don'tcha know" and "Socialism" as well as all the pretty red white and blue things they are tossed.
Hi my name is SaintB and I am prone to sarcasm and hyperbole. Because of this I make no warranties, express or implied, concerning the accuracy, completeness, reliability or suitability of the above statement, of its constituent parts, or of any supporting data. These terms are subject to change without notice from myself.

Every day NationStates tells me I have one issue. I am pretty sure I've got more than that.

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Maurepas
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Postby Maurepas » Sun Apr 10, 2011 4:55 pm

SaintB wrote:
Ashmoria wrote:they spent this last election (besides "jobs jobs jobs") attacking the dems for cutting medicare.

now their new budget KILLS MEDICARE.

will their voters even notice?

Not likely, they are still letting themselves be dazzled by "jobs jobs jobs" "Drill Baby Drill" "Don'tcha know" and "Socialism" as well as all the pretty red white and blue things they are tossed.

Idk, those guys in the scooters with the oxygen tanks at the Rand Paul rally might care someday. Well, if the Alzheimer's hasn't set in.

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Postby Nightkill the Emperor » Sun Apr 10, 2011 4:59 pm

Maurepas wrote:
SaintB wrote:He pulls them out and sets them on his desk but as soon as someone threatens to kick them he hides again.

:lol2:

Should've nominated Hillary, I think she has more.

Anthony Weiner probably has the most.
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