Tag Archives: debt limit

New York Times Still Calling Reid’s Bill Failure “Republican Filibuster”

This afternoon, Senate Majority Leader Harry Reid’s debt bill, S.627, failed to get to a vote for passage. The vote to end debate, otherwise known as a cloture vote, failed 50-49 as 60 votes are required to end debate.

Although Harry Reid has refused two offers by Senate minority leader Mitch McConnell to vote here and now on passage which would only require a 50 vote margin, the New York Times is putting the blame for Sen. Reid’s delay tactics on Senate Republicans.

Senator Harry Reid, the majority leader, had convened the Senate at noon, then moved to a procedural vote on his own proposal for raising the debt ceiling. Senate Republicans had been filibustering that plan, which House Republicans rejected on Saturday, and the vote on breaking the filibuster fell 10 votes short of the 60 votes needed under Senate rules.

Reid-votes-nay-cloture

from: Senate.gov roll call vote to end cloture on S.627

What the Times didn’t report was that one of the people “filibustering” Reid’s bill is .. Harry Reid himself. The Senate’s own roll call reflects the reality of the situation – Harry Reid voted “nay” on the vote to end the filibuster (the cloture vote image right).

If this is a filibuster, Harry Reid is leading the way.

 

Reid Delays Senate Vote on His Proposal Until 1pm Sunday

Just after 10pm on Saturday night, Harry Reid announced that the Senate vote on his debt bill was being moved from 1am on Sunday morning to 1pm Sunday afternoon eastern time.

Reid mentioned that negotiations were ongoing.

What comes out of these negotiations is likely to be a watered-down combination of several plans. The two-phase debt ceiling increase with an ultimate increase that will put the argument well past the 2012 elections. It will have the gimmicky cuts from all of the plans and will likely contain a non-binding vote on the Constitutional amendment to balance the budget which will NOT pass the Senate.

*update* vote for cloture (to end debate) on S.627 has failed. Reid joined other Senators in a vote that prevents a vote for passage on the plan at this time.

 

Compromise is a good thing!

Compromise can be a good thing,  but let me tell you what I thought yesterday about the happenings on the Hill.

I still wondered why Speaker Boehner, who was on the Sean Hannity show a few days ago, stated, “The Mack Penny Bill was worth looking at” had done absolutely nothing with regard to that bill? Even the media is saying very little about it. Why is that?

Instead of Cut, Cap and Balance or the Mack Penny Bill, Speaker Boehner’s bill passed. If compromises were made, then surely the essentials of cut, cap, and balance or even parts of Mack’s Penny bill were in the bill – or not.

Like many others, I had just assumed that the compromise would bring parts of all the different legislation into a bill that would garner support. Seeing what actually passed – he sold-out.

I felt bad for Speaker Boehner, and all he is going though. But, isn’t that what he is paid to do? Talking with Democrats is a necessary part of creating legislation, but NOT doing what the American people have hired him to do is unacceptable.

Yes, it is hard to take a stand. No one said it would be easy, but deal with it Boehner! This entire issue is about the deficit and more specifically .. spending.

2012 is not that far away, Mr. Speaker –  time to get to work!

House Version of Reid’s Debt Bill Fails House 173-246

Senate Majority Leader Harry ReidDemocrats joined Republicans in voting down the House version of Senate Majority Leader Harry Reid’s debt bill on Saturday.

In a 173 to 246 vote, 10 Democrats crossed the aisle to vote against the bill.

In the pre-vote debate, a large part of Democrat commentary was in disagreement with the choice of rules under which the vote was being held. Under “suspension rule” 2/3rds majority was required for the bill to pass. It also limits debate and allows for no amendments. This rule set is intended to get a vote as quickly as possible.

Even if standard, simple-majority rules had been put in-play, the bill would have failed by a large margin.

Sen. Reid had spent much of Friday telling reporters that his bill was the only one that could pass both houses of Congress. So far, he has refused two offers by Senate Minority Leader McConnell to hold a vote on his bill in the Senate and now the House version of his bill has failed in the House.

Reid Shows Signs That He Does Not Have 60 Votes for His Bill [Video]

Senate Majority Leader Harry Reid does not have the votes to pass his own debt ceiling bill. Reid spent Friday night addressing the Senate in an attempt to blame Republicans for his inability to garner 60 vote support in the Senate for his legislation.

Reid has 53 democrats that will vote for just about anything he puts in front of them. If he wants 7 more votes, he would have to compromise, but not much. He doesn’t want to negotiate – at all. That will delay the debt ceiling proceedings at least one more day.

The reason for the delay is cloture. A cloture vote would have ended debate and set it to a vote for passage. Reid refused McConnell’s offer for a cloture vote and that then requires a super-majority (60-vote threshold) to pass.

Considering the vote to table House Speaker Boehner’s bill only passed 59-41, Reid may have every reason to worry.

Here’e the video: GOP’s McConnell offers to give Reid an immediate vote on his bill and Reid turns it down while simultaneously calling the maneuver a GOP filibuster.

Now Reid may have trouble getting a single, large debt ceiling hike through the Senate and the despite moderate GOPers casting dispersion at them, the Tea Party holding the line may well have forced him to compromise for the first time in several years.

Vote Succeeds on Boehner’s Compromise Debt Bill 218-210

The bill passed with an eight vote margin: 218-210. Five democrats did not vote and in a show of ultra-partisanship, not a single democrat crossed the isle to vote yes.

From the right side of the House, 22 republicans voted against it and 218 for.  GOP no votes were: Amash, Bachmann, Broun(GA), Chaffetz, Cravaack, DesJarlais, Duncan (SC), Gowdy, Graves (GA), Huelskamp, Johnson (IL), Jordan, King (IA), Latham, Mack, Mulvaney, McClintock, Mulvaney, Paul, Southerland, Walsh (IL), Wilson (SC).

Now the bill will be hastily taken over to the Senate where Senate Majority Leader Harry Reid has promised to table it. The next move is on the Senate.

Harry Reid Wouldn’t Know Compromise If It Bit Him On The Nose

Things just are not the same when the shoe is on the other foot!

The Democrats are all up in arms with the Republican, specifically the Tea Party Republicans, for not “compromising” on the debt ceiling.

Sen. Harry Reid- (D) Nevada

Senator Harry Reid said:

 “Obviously what is being done in the House is not a compromise. It is being jammed through with all kinds of non-transparent dealings, people shuffling in and out of the Republican leadership’s offices. We’re recognizing that the only compromise that there is is mine.”

Before we go any further, someone needs to inform the Senator from Nevada that his definition of “compromise” is not correct.

 Dictionary.com defines “compromise” as:

a settlement of differences by mutual concessions;
an agreement reached by adjustment of conflicting or opposing claims, principles, etc., by reciprocal modification of demands.

Senator Reid, compromise DOES NOT mean you get things YOUR way!

Secondly, Senator Reid speaks of this being “jammed through with all kinds of non-transparent dealings”. It is quite amusing how the Democrats are so indignant that they are not getting “their way” with the debt ceiling. Wow! They sure have a lot of room to talk, don’t they? If we think back to just a little over a year ago, wasn’t it Nancy Pelosi who said:

“We have to pass the bill so that you can, uh, find out what is in it…. away from the fog of the controversy.”

In the event the Democrats have forgotten this, here is a clip to remind them. She made that statement on March 9, 2010, a mere 16 months ago.

The Democrats “jammed through” Obamacare with “all kinds of non-transparent dealings”. Now the shoe is on the other foot, and they do not like the way it feels.

What goes around comes around, Senator Reid!

HR 2693 – Reid’s Debt Bill in the House [Full Text]

On Thursday, it appears as though the House version of Senate Majority Leader Harry Reid’s debt bill has surfaced. HR 2693 “The Budget Control Act of 2011″. This bill isn’t compromise, it’s pure can-kicking.

 Summary

The Reid bill looks like mainly fluff – no real cuts and nothing of substance. It basically defers everything to another debt committee (e.g. Simpson-Bowles committee) and section 401 which raises the debt ceiling to almost $17 trillion dollars.

  • Non budgetary matters in the bill
    • Sell additional frequency bands (wireless spectrum auction)
    • Changes use of D-Block of electromagnetic spectrum for emergency uses
    • Changes the definition of “payment acres” for farm programs
  • Budget-related items
    • Creates another budget committee
    • Expedites the consideration of any recommendations of the committee
    • Sets aside spending for the committee
    • Changes to  student loans and pell grants (up)
      • Having trouble locating full text of current U.S.C. 1070(a), but it appears as though this increases 2011 appropriation for Pell Grants by ~$10 billion (300%+ increase) and increases another unknown sub-clause by $7.5 billion – will keep working on this.
    • Raises debt ceiling to $16.99 Trillion (from $14.3 trillion)

Full Text of the Bill

President Obama’s Speech on Debt Ceiling [Full Text and Video]

Listen live to Obama’s July 29th, 2011 remarks on the current debt ceiling debate. We will post a recorded version soon after the speech concludes along with a written full-text transcript of his remarks.

Video 

Full Transcript

Good morning, everybody. I want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit.

Right now, the House of Representatives is still trying to pass a bill that a majority of Republicans and Democrats in the Senate have already said they won’t vote for. It’s a plan that would force us to re-live this crisis in just a few short months, holding our economy captive to Washington politics once again. In other words, it does not solve the problem, and it has no chance of becoming law.

What’s clear now is that any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people — not just one faction. It will have to have the support of both the House and the Senate. And there are multiple ways to resolve this problem. Senator Reid, a Democrat, has introduced a plan in the Senate that contains cuts agreed upon by both parties. Senator McConnell, a Republican, offered a solution that could get us through this. There are plenty of modifications we can make to either of these plans in order to get them passed through both the House and the Senate and would allow me to sign them into law. And today I urge Democrats and Republicans in the Senate to find common ground on a plan that can get support — that can get support from both parties in the House — a plan that I can sign by Tuesday.

Now, keep in mind, this is not a situation where the two parties are miles apart. We’re in rough agreement about how much spending can be cut responsibly as a first step toward reducing our deficit. We agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform — and I’m ready and willing to have that debate. And if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms, I’ll support that too if it’s done in a smart and balanced way.

So there are plenty of ways out of this mess. But we are almost out of time. We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time, as we always have — bills that include monthly Social Security checks, veterans’ benefits and the government contracts we’ve signed with thousands of businesses. Keep in mind, if we don’t do that, if we don’t come to an agreement, we could lose our country’s AAA credit rating, not because we didn’t have the capacity to pay our bills — we do — but because we didn’t have a AAA political system to match our AAA credit rating.

And make no mistake — for those who say they oppose tax increases on anyone, a lower credit rating would result potentially in a tax increase on everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards. And that’s inexcusable.

There are a lot of crises in the world that we can’t always predict or avoid — hurricanes, earthquakes, tornadoes, terrorist attacks. This isn’t one of those crises. The power to solve this is in our hands. And on a day when we’ve been reminded how fragile the economy already is, this is one burden we can lift ourselves. We can end it with a simple vote — a vote that Democrats and Republicans have been taking for decades, a vote that the leaders in Congress have taken for decades.

It’s not a vote that allows Congress to spend more money. Raising the debt ceiling simply gives our country the ability to pay the bills that Congress has already racked up. I want to emphasize that. The debt ceiling does not determine how much more money we can spend, it simply authorizes us to pay the bills we already have racked up. It gives the United States of America the ability to keep its word.

Now, on Monday night, I asked the American people to make their voice heard in this debate, and the response was overwhelming. So please, to all the American people, keep it up. If you want to see a bipartisan compromise — a bill that can pass both houses of Congress and that I can sign — let your members of Congress know. Make a phone call. Send an email. Tweet. Keep the pressure on Washington, and we can get past this.

And for my part, our administration will be continuing to work with Democrats and Republicans all weekend long until we find a solution. The time for putting party first is over. The time for compromise on behalf of the American people is now. And I am confident that we can solve this problem. I’m confident that we will solve this problem. For all the intrigue and all the drama that’s taking place on Capitol Hill right now, I’m confident that common sense and cooler heads will prevail.

But as I said earlier, we are now running out of time. It’s important for everybody to step up and show the leadership that the American people expect.

Thank you.

Budget Ceiling Crisis Update: Debt Limit Compromise Passes the House

As the commentary and reports roll out of Washington D.C., it is apparent that we are not as near to a solution as first thought. This post will be constantly updated with the newest activities on the debt ceiling.

8-1-11

7:09pm The debt ceiling compromise passes the house by a wide margin 269-161. The bill will be voted on in the Senate tomorrow.

7-31-11

9:30pm Obama announces that a deal has been reached and House Speaker Boehner releases framework for agreed to debt deal

12:25pm Senate minority leader Mitch McConnell says that GOP senators will meet at 1:45p today on the debt deal. No word on a time change for today’s expected Senate vote.

1:30pm Senate votes to end debate (cloture) on Sen. Reid’s debt bill (S. 627). The vote failed and debate continues. This will allow the continuation of debate and will delay a final vote (vote for passage) of the bill. Sen. Reid voted no. A successful cloture vote is the first step to moving towards a yay or nay vote on the bill itself.

4:55pm As Democrat Senate leaders left Nancy Pelosi’s office, Senate Majority Leader Harry Reid said they “hope to” have a deal and vote tonight. The progressive caucus is upset that there are no tax hikes in the deal, Republicans are not happy with the defense cuts in the deal. The deal seems set to garner votes only from the middle of both Party’s coalition. It may be all over but the nose counting.

6:10pm Harry Reid has signed off on a compromise bill pending approval of the caucus. Considering the actions being sought by the Congressional Black Congress and Progressive caucus, he may have trouble getting enough noses to vote for what he’s agreed to.

7-30-11

8:00am House version of Reid’s debt bill to be voted on at 1pm. Senate version at 1am Sunday.

10:15am Reports surfacing that Reid is changing his plan to use the January baseline and current law as basis. That means that he gets to count cuts that in earlier this year as part of his bill for CBO scoring. These approaches also allow the CBO to assume that AMT will affect more of the middle class and that the Bush tax cuts will expire. This could increase tax liabilities on the middle class by up to $3.8 trillion.

3:07 Harry Reid’s debt bill fails in the house by a 70 vote margin (176-246). Despite Democrats complaining that the bill was being considered under suspension rules which require a 2/3rds majority to win. If the bill had been considered under a simple majority threshold, it still would have failed as 214 votes are needed to hit that mark. 10 Democrats crossed the aisle in expressing no votes against Reid’s proposed debt solution. One republican crossed over in support of Reid’s bill.

5:05 Reid emerges from Democrat-only session at the White House with Obama and Former House Speaker Nancy Pelosi. Says they are no closer to a deal. With who? Aren’t those three at least on the same page?

10:08pm Reid announces that the vote on the Senate plan is postponed until 1pm on Sunday, July 31st.

7-29-11

9:20am White House announces that Obama will speak on the debt ceiling crisis at 10:20am. Live Feed  here:  http://conservativedailynews.com/2011/07/president-obamas-speech-on-debt-ceiling-live-feed/

9:30am Market open sharply lower – GDP numbers and debt ceiling at the forefront. Dow down: 91, S&P down 12, NASDAQ down 31, Gold up 18

9:45am Rep. Trey Gowdy: “I think we made progress last night. What we’ll do today, and I predict it will be done today, is for the third time send a plan that raises the debt ceiling in a responsible way.'”

9:50am Senate Majority Leader Harry Reid says “Senate can no longer wait for the House to act on debt ceiling”.

10:30 White House feed of Obama’s debt ceiling remarks still hasn’t started.

10:51 Obama’s remarks concluded, recorded video and transcript to be available later here: http://conservativedailynews.com/2011/07/president-obamas-speech-on-debt-ceiling-live-feed/

11:45 House leadership adding balanced budget amendment to Boehner bill – should garner enough support for House passage. Vote expected today.

12:27pm House version of Harry Reid’s “compromise” is entered: HR 2693 – Reid’s Debt Bill in the House [Full Text] 

2:30pm House vote on revised Boehner bill scheduled for 6pm

6:25pm Boehner’s compromise bill passed with an 8 vote margin – 218-210. There were five democrats not voting. Not a single democrat crossed the isle to show any semblance of bi-partisanship. From the right side of the House, 22 republicans voted against it and 218 for. Now the bill will be hastily taken over to the Senate where Senate Majority Leader Harry Reid has promised to table it. The next move is on the Senate.  GOP no votes were: Amash, Bachmann, Broun(GA), Chaffetz, Cravaack, DesJarlais, Duncan (SC), Gowdy, Graves (GA), Huelskamp, Johnson (IL), Jordan, King (IA), Latham, Mack, Mulvaney, McClintock, Mulvaney, Paul, Southerland, Walsh (IL), Wilson (SC).

6:30pm The bill is sent to the Senate where Leader Harry Reid has promised to immediately table it.

8:30pm Harry Reid refuses to have a 60-vote threshold vote on his debt ceiling bill – therefor creating an additional 24 hour delay. Reid Shows Signs That He Does Not Have 60 Votes for His Bill [Video] 

 

 

7-28-11

7:30pm No vote in the House on the Boehner bill until at least 8pm. It is becoming obvious that Speaker Boehner does not have the votes to pass his bill.

8:00pm House adjourned, no further details

9:00pm Reports coming out of Capital Hill say that Boehner’s bill is going back to the the House Rules Committee and indicates that a vote may not occur tonight.

9:10pm Eric Cantor confirms that the vote is definitely on for tonight.

9:20pm Confirmation that the bill is being “tweaked” to get more votes. Rep. Rand Paul says, “They can tweak it all the way into Cut, Cap and Balance and they can have all the votes they need.” The real question is which votes is the tweaking being done for?

10:28 House Majority Whip: No vote tonight on the debt ceiling.

10:40 Senate confirms no vote for them either tonight

Hold the Line!

Hold the line

Reuters -- Washington, D.C. -- 7-27-11

Tea Party faithfuls are reminding Speaker Boehner that his seat as speaker is dependent upon him living up to their expectations. Expectations that the runaway spending in Washington will end under his leadership.

Wearing t-shirts adorned with “Hold the Line” a large contingent of small-government activists held court at capitol hill on Wednesday. Their show of  solidarity wasn’t about dealing with a foreign enemy, but a domestic one – ourselves. Conservative Americans are asking the right side of the isle to stand firm against Harry Reid’s progressive, extremist caucus on the issue of the national debt.

As children we were showered with the notion that if nothing was done about federal spending that grandchildren would be left with a bill they could not pay. Well, it’s not grandchildren anymore, the United States of America is broke thanks almost entirely to overspending on Democratic entitlement programs.

Rand Paul at D.C. Hold the Line event.

While Democrats and establishment GOP paint the “hold the line” mantra as near psychotic ramblings from an extremist cult – the Tea Parties have it right and Republicans should pay attention – it’s the Constitution, stupid.

Republicans have been forced to water-down budget solutions time-after-time while the Senate Democrats produce nothing. The way this should work is that the House passes their version of a bill, if the Senate doesn’t agree with the bill they offer their version and finally the two sides meet in conference committee to hash out a compromise. Harry Reid has no intention of compromising.

Republicans passed Cut,cap and balance – the Senate Democrats offered no alternative. In fact, they just tabled the bill instead of debating and voting on it as Reid had promised.

Republicans passed the Ryan plan – the Senate Democrats offered no alternative and killed that legislation too.

The kind of brinkmanship being offered by Democrats in the Senate and White House is dangerous. The fact that Republicans are faltering instead of meeting the challenge is disheartening.

What we need now is leadership from the House GOP. Demand that the Senate supply their version of a budget fix and force a conference committee. That is how it is supposed to work. This cycle of pass a bill, Harry hates it, water it down, try to pass it, the House hates it, change it again… is nauseating.  The fact that the House GOP is largely being led around by the nose by Senate Democrats is embarrassing.

Cut,cap and balance is the starting point – it is the line. It’s already passed the House and Republicans should be demanding real negotiations from the left instead of turning tail and looking for more giveaways to  the progressives.

Perhaps we need our own version of Mel Gibson in “The Patriot” running against the tide of fleeing soldiers yelling over and over “HOLD THE LINE .. HOLD THE LINE” while waving the American flag.

Mr. Speaker “HOLD THE LINE!”

Journalists are Largely Wrong on Debt Ceiling

Going from meeting to meeting I often find myself yelling at the radio. At home, I’m shaking my head while some pundit espouses nothingness. Online is no better – the main stream media is nothing more than an expensive commercial for one political party or the other and none of them seem to be getting it right.

On my way home from the gun range today, I heard a local news report (on a Conservative radio station) that ended their 10 second piece on the debt ceiling with “.. and the United States edges ever closer to default on its debt”. What .. a .. CROCK!!

August 2nd has nothing to do with defaulting on the national debt. The government takes in more than enough in revenues to service the interest on the debt, pay seniors their social security and pay medical claims for Medicare beneficiaries. The United States of America is in absolutely NO danger of defaulting on its Treasury bonds – none, nada, zilch, zero.

Why aren’t those highly-paid journalists doing their homework? That’s easy. If the debt issue had no threat of causing the end of the world, it would’t be news. Main stream America does not pay attention to politics unless there is something that the media tells them might destroy their lives.

What the media is missing is that there is an all-consuming beast. A true boogie man – we’re broke. Not college-days, scrounging for beer money broke – totally and completely out-of-money type broke.

If we pay social security, Medicare and the troops we have next-to-nothing left. Either we decide that the government will only do those things and all other programs (FAA, FCC, DoE, Education, DEA, FBI, CIA, NSA, etc) would be closed down forever – or- we reform entitlements because we know some of those other things are necessary.

The IMF is now begging for more money from us because they fear that Spain and Italy are soon to follow in Greece’s catastrophic footsteps. What the talking heads aren’t saying is that America isn’t far behind any of them. The government is spending billions more than it takes in every month – why isn’t this news?

We cannot have it all. There is no utopia. Tough choices must be made and the time is now, despite what the main stream media says. Americans will not have all the programs they currently enjoy. We are broke.

 

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