24
Jul
11

‘where things stand’

Steve Benen: …. as Sunday winds down, there’s no end in sight to the Republican-generated crisis ….Senate Majority Leader Harry Reid is stepping up, preparing his own creative plan:

Mr. Reid … was trying Sunday to cobble together a plan to raise the government’s debt limit by $2.4 trillion through the 2012 election, with spending cuts of about $2.5 trillion. He would seek to avoid cuts to entitlement programs, but it was unclear how those savings would be achieved … Notably, the plan does not currently contain any new or increased taxes, an approach that many in his caucus would probably balk at.

At first blush, it may sound crazy that Reid would present a “compromise” with $2.5 trillion in cuts with no additional revenue – in effect, a plan that could have been crafted by Republicans weeks ago – but in Reid’s defense, it’s worth emphasizing that the Majority Leader probably counts half of those savings (at least) from ending the wars in Iraq and Afghanistan.

In general, Republicans don’t consider cuts to be cuts unless working people are suffering in some direct way, so his approach isn’t likely to go over well, but if GOP officials want a $2.5 trillion plan with no revenues, Reid is prepared to give them one. Add it to the list of possible ways out.

….. in the meantime, Wall Street is gearing up for a very busy morning:

U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will slump after rallying within 1.4 percent of a three-year high, as President Barack Obama and Congress failed to reach an agreement on raising the federal debt limit, intensifying concern of a default…..

I’d note for context that the Dow Jones Industrial Average and the S&P 500 both closed at roughly at three-year highs on Friday. Republicans will likely wipe out those gains very quickly.

Full post here


95 Responses to “‘where things stand’”


  1. 1 StR
    July 24, 2011 at 9:55 pm

    Crud, I missed this new thread. Well I’ll repost this from the now old one (with additions)-

    Reid reportedly has a 2.7T spending cuts only bill ready for the Senate with the idea being that it gives the GOP more than the cuts they wanted with no revenues with the only “take” being that it will extend through 2013. Now the GOP will probably claim the cuts are “smoke and mirrors” and balk, but I suspect it will be another attempt to show how the GOP keeps changing targets. Also Preiffer keeps sending out tweets where Cantor and others said not a month or so ago that short term extensions are not acceptable. So combining the two, it looks like they’re trying to further out the GOP as unable to say “Yes” to anything. Giving them their cuts number without revenues like they’ve wanted, and agreeing with Cantor from a month ago that short term extension unworkable only to have the GOP balk again.

    There is a possibility that part of Reid’s package might extend the Bush middle class tax cuts permanently, effectively uncoupling them from the Bush extra tax cuts for the rich which would then surely be allowed to expire next year. This would be the hidden revenue portion to the deal.

    There will be a race to get bills through, as Boeher wants to get his house bill passed and then sent to the Senate. So Reid needs to get this passed with at least 51 votes – or have it blocked by the GOP because Boehner’s plan seemed to be to force the Senate to vote on his House bill and peel off 4 Dems to support it to get 51 votes and then scream bloody murder if it was blocked by the Dems using the 60 vote threshold. So if Reid can get 51 votes and either pass this or have it blocked by GOP it would take the play off the table by Boehner.

    Reid can table his vote first as Majority leader, which the GOP would either block with the cloture/60 vote gimmick, or it would pass (unless Reid lost more than two Dems (Sanders and Brown surely). If it’s blocked by the cloture gimmick, that it would open the door for the House plan to be blocked by the cloture gimmick as well without making it a huge MSM issue.

    Reid’s offering would probably be DOA in the House, as progressives would bail, probably only 70ish Dems voting for it, and Boehner would lock down his caucus but it would show the GOP voting against all they asked for – dollar for dollar cuts:raise ratio and extend it long term – no short term extensions.

    With only a week to go, it would effectively run out the clock on anything other than a clean raise. Dems need to make the case the whole week that short term extensions are terrible for the economy because it keeps uncertainty and businesses don’t hire or invest with economic uncertainty.

    • 2 askew
      July 25, 2011 at 12:07 am

      I said this on the previous thread as well, but it truly looks like the 2.7t is mostly smoke and mirrors – only 1t of it is true discretionary spending cuts. Spread over 10 years that isn’t bad. I think this bill cuts the House Republicans off at the knees. If they fail to pass this bill, even the media can’t cover for him now.

      • 3 57andFemale
        July 25, 2011 at 7:21 am

        Do you have any specifics on the cuts? Is this what Nancy Pelosi was floating before everything blew up on Friday — counting the monies from the wars that we’ll be saving? It sounds like the same deal.

  2. July 24, 2011 at 10:05 pm

    isn’t it just like the GOP to create the problem, stand idly by picking their asses while someone else fixes their messes then they try to take credit or try to run on it in their next election? Deadbeats! 🙄

  3. 7 kefauver
    July 24, 2011 at 10:08 pm

    A default is the best way to wipe out the economic recovery, it’s what the GOP wanted all along. I saw a commercial the other day urging Congress not to raise the debt ceiling. What craven bastards actually paid for that ad? I’m thinking Norquist, Rove, and Co.

  4. 8 Bobfr
    July 24, 2011 at 10:11 pm

    As posted at Steve’s blog:

    Nikkei fairly steady at down ~ 0.65 %, minimum movement in the Yen, mostly influenced by issues in Europe and a downtrend in the Dow this past Friday (as of 1905 PDT, still trending in that range).

    So, no panic yet, but that could certainly change between now and when WS opens tomorrow am.

    It’s all brinksmanship, all the time for the teahadists. And, the newstainers continue to enable them to lie to Americans.

    We’ll soon know if the President continues to give Boehner any slack or not. Without doubt, Boehner and his boss Cantor and the teahadists are way out of their league.

    It’s only because President Obama is and has always been genuinely committed to the essential dialect of democracy that they are still being given deference by him. He promised he would be the President of the USA and not merely the President of the Democratic Party and, for sure, he has proven that to be the case in the face of the intransigent, malignant former party of Lincoln.

    The President has several options available to him with the most likely being that he will force a ‘clean extension’ to decouple the solvency of the United States of America from ‘politics.’ Boehner and company have no juice in that scenario, because the majority of their juice is from folk whom have been informing them in no uncertain terms that even a hint of default is intolerable to their interests.

    Hey, teabaggers, you’re the slaves in this equation, not the master, and you’re about ready to learn that lesson in black and white – the only colors you comprehend (and this time, the black guy is actually the person trying to save your butt).

    Yes.We.Can. … DO.More.Together!

    • 9 desertflower
      July 24, 2011 at 10:31 pm

      Bob…can you explain what other options PBO has…you said several, I’m just wondering and trying to wrap my head around all the technical legislative stuff I do NOT understand:) Thank you…

      • 11 Bobfr
        July 25, 2011 at 12:38 am

        Of course.

        The President has Section 4 of the XIV Amendment, for starters.

        He has total control of his ability to either do daily Press Briefings and Prime Time broadcasts to the American People.

        He has the National Security implications of the treasonous behavior of Republicans to leverage.

        He has his Oath of Office to serve and he knows the nature of the threat to the Republic these teahadists represent and he will never relent in his duties.

        He has the power of veto and no way either the House or Senate can override his veto given the nature of the threat to the solvency of the United States of America these teahadists are perpetrating.

        He has the reality of markets that are going to react very negatively and the bulk of that wealthiest few of Americans fear that more than anything so you betcha they’ll be telling Boehner et al to stand down or forget any further support.

        Barack Obama is the President of the USA and that is an amazingly powerful position. He has been subtle and deft in how he uses that power because he promised everyone he would not be the President of ‘blue’ American but FOR all Americans.

        He also knows this is not a game of chicken, this is all about the USA becoming the full and true version of the vision of the Founders.

        Thus, his legal and moral force is overwhelmingly to his advantage – OUR advantage – EVERY American citizen’s advantage.

        Yes.We.Can. … DO.More.Together!

      • 12 prettyfoot58
        July 25, 2011 at 10:06 am

        Is the 14th Amendment an option

    • 13 desertflower
      July 24, 2011 at 10:33 pm

      Also, someone else raised this earlier…the R’s always thought they could depend on Wall St. bid donor hot shots come election time. If this stuff gets downgraded, and stocks etc perform poorly, won’t they absolutely know where the blame goes and not contribute? They have done MORE than excellent under this President. Thoughts?

      • July 24, 2011 at 10:57 pm

        I think we could see corporate money go away from the GOP House and more towards the GOP Senate. Dems will have an uphill fight to keep the Senate and the monied GOP interest might rather have a Dem House that is kept in check by a GOP Senate as Senators are supposed to be more reasonable.

        Conrad’s seat is lost, Nelson in NB is a long shot, likely lost. Then you have Tester, McCaskill and open Va seat to defend – all scored as toss-ups at best for us. Nv is a potential pick-up (especially if Romney isn’t on the ticket) and Ma is a long shot but has some potential given it’s Massachusetts and a Presidential year (again better off if Romney isn’t nominee).

        So if the special interests focus on senate, and hang GOP house out to dry it could make some sense. However Boehenr is in tight with the Corporate special interests, I think they know he’s ultimately bluffing and he’s letting them know every step of the way.

        • 15 desertflower
          July 24, 2011 at 11:07 pm

          Well, we shall see. It’s still quite a few months out to be looking in the crystal ball….thanks for your best guess though.

        • 16 Anonymous
          July 25, 2011 at 6:40 am

          Why does Str keep making these predictions that always fall flat? Why do you keep trying to create some bogey man Republican candidate that we should be nervous about? Please enough of this the dems are finished and Romney is a threat sing song.

        • 17 Anonymous
          July 25, 2011 at 6:44 am

          Str is on a mission to deflate, please stop with the fake predictions of doom for Democrats!

  5. 18 utaustinliberal
    July 24, 2011 at 10:33 pm

    I’ve never witnessed a more intransigent and just downright selfish group of tea bagger congressmen. Watching the financial stock markets and all the Asian markets are down – the Nikkei, the Hang Seng and others – Honda and Toyota’s stock just plummeted at the news that there is still no deal. Other corporations stocks are steadily dropping and since Wall Street takes some of its cues from the Asian markets, then the DOW, S&P will likely drop. Who acts like this. In their blindsided, evil plot to derail President Obama’s presidency, they are willing to put peoples life savings and financial future in jeopardy. They’ve gotten the tax cuts they wanted. President Obama and the dems have gone above and beyond in meeting them more than halfway in spending cuts. How the heck do they think they can reduce the deficit without revenue coming into the government’s coffers? How is the government supposed to provide benefits and services, let alone function without a revenue stream? It’s simple mathematics. It’s why the Articles of Confederation failed and why we have a Constitution. Because government needs tax revenue to function; or else all those lovely benefits like clean air, SS, Medicare, Medicaid, clean water, healthy food, post office, DMV, education loans and pell grants, school lunches, veterans benefits, traffic controllers, and a host of things we take for granted would be kaput. It’s that simple. To think that they (the GOP) took a procedural issue and turned it into this national crisis is the height of irresponsibility.

  6. 23 halo.
    July 24, 2011 at 11:29 pm

    Looking back on things, how fortunate were we to have Sharon Angle and Christine O’Donnell run and lose. Can you imagine the hostage situation we’d be having if they had won?

  7. July 24, 2011 at 11:32 pm

    PBO is forced to cancel tomorrow’s fundraisers:

    Obama cancels fundraisers amidst debt situation
    By: CNN’s Steve Brusk
    Washington (CNN) – A campaign official for President Barack Obama tells CNN the president has cancelled two political fundraising appearances Monday night because of the debt-ceiling situation.
    The president’s week-ahead schedule, released Friday night, stated he was to attend the two Democratic National Committee events in Washington on Monday evening. But the events were not listed on a schedule released Sunday night. The Obama official confirmed the president cancelled and will be replaced by Vice President Joe Biden.

    http://politicalticker.blogs.cnn.com/2011/07/24/obama-cancels-fundraisers-amidst-debt-situation/

  8. 30 Tanya
    July 25, 2011 at 12:28 am

    Once again, thank you, for some intelligent comments…
    Just left huffpo and I got so tired of explaining how this would effect every person in the U.S., as will as our market…
    I come to the conclusion that it’s one of two things, ignorance or willful hatre of this president (for whatever reason).. Which they seem so eager to blame the President for something the House republicans & senate have done.. And that includes “The Nation” PL magazine….

    Once again, Thank you, and I just make another donation to Mr. Obama and did so for my 3 daughters…. 2012 yes we can

    • 31 desertflower
      July 25, 2011 at 1:00 am

      Just stay here with us…no need to stress yourself over there…could feel like your beating your head against the wall…it’s denial and willful ignorance. And they just LOVE the endless, mindless outrage.

      • 32 Anonymous
        July 25, 2011 at 3:47 am

        Respectfully disagree. It is important to carry wisdom to those who need it. Preaching among the converted feels good (which is important), but has not much effect beyond that. There is always the chance that one or other gets baffled and starts thinking. Keep in mind that there is usually about one hundred lurkers for every commenter.

  9. 33 utaustinliberal
    July 25, 2011 at 12:39 am

    Hey guys just got this from twitter and also Tally.

    BREAKING NEWS: President Obama has just sent word to the media through a White House Aide, saying, “I will veto any legislation that does not extend the debt ceiling to 2013….I will veto any legislation that harms Medicare or SS ….I will Veto any legislation that does not have significant tax revenues and subsidies cut.”

    And the Commander-In-Chief has spoken. This is why we love and fight everyday for this President; because he is always looking out for every American; especially those who don’t have powerful lobbyists at the negotiation table. God bless and protect this President. Amen.

    • 34 Walking_on_ Sunshine
      July 25, 2011 at 12:53 am

      God Bless him. Thanks for the update.

    • July 25, 2011 at 12:57 am

      Sounds like Nancy and Harry told him about their walk on the dark side earlier Sunday afternoon and PBO listened, enumerated all his options and weighted the pros and cons. He likely deliberated some more and made his decision. PBO is a good man. I’m sticking by him, come what may.

      • 36 desertflower
        July 25, 2011 at 1:16 am

        Me, too. Never saw anyone like him. No one can say he didn’t try. Didn’t cut them sweet deals…it was never enough for them, and now he’s exposed them all for the liars they are…and who they really care about. Gloves off, baby. Guess what Boner? HE WAS NOT BLUFFING!

    • 37 Bobfr
      July 25, 2011 at 12:57 am

      Perfection utaustin, as you well know, total perfection from our President.

      Definitive – ““I will veto any legislation that does not extend the debt ceiling to 2013….I will veto any legislation that harms Medicare or SS ….I will Veto any legislation that does not have significant tax revenues and subsidies cut.””

      For all of you whom have Twitter accounts, suggest you take these messages as ‘viral’ as possible.

      Dear Chipsticks – suggest you post those statements as early as you can on the ‘front page’ of TOD.

      Yes.We.Can. DO.More.Together!

      • 38 utaustinliberal
        July 25, 2011 at 1:03 am

        Oh definitely Bobfr. I’ve been tweeting this like mad. And telling people not to freak out and just trust in this President. There’s a reason he got elected. I’m happy to report that it’s being retweeted.

        • 39 desertflower
          July 25, 2011 at 1:18 am

          This needs to spread like wildfire. People see this, and they will bust a hump. Very definitive. No room for guessing, ” I will”

      • 40 Frenchie08
        July 25, 2011 at 1:08 am

        Is there a link somewhere? I believe it, but you know others need that link.

        • 41 57andFemale
          July 25, 2011 at 7:31 am

          I can’t find this being reported anywhere (at 6:00 a.m. in Chicago) I don’t tweet but I would assume it would have been picked up somewhere or an actual statement from the WH. I sincerely want this to be true.

    • 42 desertflower
      July 25, 2011 at 1:03 am

      HOLY SHIT! I can sleep tonight!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Thank you,, Mr. President!!!!!!!!!!!!!!!!!!! LOVE YOU BUNCHES! He’s in major ass kicking mode! Works for me, and works for America. Damn I love that smart man with a backbone made of titanium.

    • 43 desertflower
      July 25, 2011 at 1:21 am

      You should post this over at Blackwaterdog’s house…she’ll want to know…and everyone else over there!

  10. 44 lexusv
    July 25, 2011 at 12:54 am

    I sure hope the President sticks to his guns, it’s a matter of appearing fair and balanced and principles. Everyone has to take a hit to make it all work.

    • July 25, 2011 at 12:59 am

      I don’t think it’s about “stick[ing} to his guns”. i think it’s about doing what he believes is right for this country and her people.

      • 46 Bobfr
        July 25, 2011 at 1:11 am

        PRECISELY, lisa, PRECISELY!

        Yes.We.Can. … DO.More.Together!

      • 47 lexusv
        July 25, 2011 at 10:13 am

        Which in my opinion he should stick to his guns…on doing what he knows is right. Taking a Country that is in financial distress and spreading the pain around to all not just the mature, the poor, and the underserved.

        • July 25, 2011 at 10:21 am

          This president always does what he thinks is right and best for everyone.

          • July 25, 2011 at 11:44 am

            Always, IMO too. I just love the way he uses words – as per UTALib – ‘I will veto any legislation that HARMS Medicare or SS’. Not that he won’t consider finetuning either/both, but he won’t countenance harming/destroying them.

  11. 50 Keith in C-bus, Ohio
    July 25, 2011 at 12:59 am

    HALLELUJAH!! 🙂

  12. 51 bonkers
    July 25, 2011 at 1:05 am

    Oh yea, baby! President Barack Hussein Obama is now officially floating like a butterfly:


    (photo in his former office)

    And he will soon be stinging like a bee, if it’s still even needed. He is NOT happy, and something tells me you do NOT want to be on the bad side of America’s first melanin-enhanced President in the rare moments when he’s genuinely angry, as he is right now with Repugs.

    And this will most definitely NOT be good news for John McCain, or any other Repug. Bring it, my man!

  13. 54 desertflower
    July 25, 2011 at 1:11 am

    Guys: We have to keep the pressure on in the morning and all day, as much as we each have time for, Tweet, call, email etc. Don’t forget the kudos going where they should be! This is an epic battle for the heart and soul of this country. For all the “little people” that don’t feel they make a difference or have a voice. WE have to be their voices. NO FEAR!

  14. 60 HZ
    July 25, 2011 at 1:35 am

    Oh, I thought I was out for bedtime, then this appeared on my screen. I was on the phone long distance again. This is great news. Our President is rolling right up to the gate. I never had any fear. I trust him, and I know if Nancy and Harry can work it, they will for this President. We already know that President Obama is going to work it for the people who need it. He has already said that loud an clear. We have the right man of character, honesty, respect, compassion, and courage in the Oval Office. We Will Do This. Great News. Thanks family. Love you back also, HZ

    • 61 desertflower
      July 25, 2011 at 1:37 am

      Love you back, HZ…You can have sweet dreams tonight:) He’s got your back!

      • 62 HZ
        July 25, 2011 at 1:41 am

        Love you back desertflower. I am so excited, I have a book here that I just started last night, so I am going to stay up for a while and read. It is about the President. Love you back also.HZ

        • 63 desertflower
          July 25, 2011 at 1:47 am

          Don’t be up TOO late:) We have lots of work to do together tomorrow…we need you fresh and ready to kick some booty!

          • 64 HZ
            July 25, 2011 at 2:11 am

            I am not. Thanks for the infor. about The Gavel because I could not get through to Leader earlier on her web page. So was able to send her some thanks of love and appreciation. Then I signed up for some notifications of interest to me. You are so helpful, Desertflower. Yes, I will try to watch the clock because I do plan to do some calling tomorrow. I wrote my tow senators and my rep. I can’t stand him, but I always write or call. I really plan to call his office first tomorrow. We will kick some boty tomorrow. they have not seen anything yet. Love back also,HZ

            • 65 desertflower
              July 25, 2011 at 2:18 am

              You’re welcome about The Gavel info…BWD has had that on the blogroll for quite some time. I think it gets over looked, but it shouldn’t. Glad that you found things there that interested you and you got to give Speaker Pelosi some love and encouragement. I still call her “Speaker” Pelosi…she was the best, and will be again. Sleep tight. Be ready for battle tomorrow!

  15. 66 Gc
    July 25, 2011 at 1:56 am

    I don’t know what he is experiencing. I do know that he came into our lives having been forged through the fires. The names and particulars change, but the oppression doesn’t. Speculation ran rampant on all sides. I’m also in a position of having to talk down elderly SS dependent parents. But I was not as optimistic as you re on whom the blame would fall if/when this is not successfully resolved. It would be excellentt to believe that the silver lining of non-success would be exposure of the republicans. But demoralized citizens may not be so discriminating. The buck stops….

    “God” bless our president. I believe it was BWD who was attacked for the perception members of dk had that she felt we didnt deserve him this week, I agree.

    • 67 desertflower
      July 25, 2011 at 2:29 am

      Gc…i hear you. When the public can’t hear or really know what is going on in the talks, I think that there is a vacuum, and people just fill that vacuum with made up conspiracy theories.One thing leads to another, and well…it goes like wildfire and that’s how rumors and anger get fueled. I find it incredibly hard to believe that Republicans will escape blame for this manufactured fiasco. People ARE paying attention finally.Only because they fear that their only lifelines will be cut…and they will be struggling even more than before.I don’t believe PBO will let that happen.He wanted more than anything else to change the culture in Washington…this is a big part of what he meant. Lobbyists and corporations and big monied players are not who this man is working for…they are already doing MORE than fine. PBO is working for the people that feel like they have no voice. I see it ion his eyes. Hear it in his voice. He will not let these people down.This is his calling, his moment in history to make things right again for the workers of this country. He was destined for this time in our history.We will have to see how this plays out, but I will support my President and know in my heart that he has the best interests of the people with him when he makes these decisions. Trust him.

  16. July 25, 2011 at 2:17 am

    Keeping the faith…………….We’ve been through so much….I am optimistic with This President in charge better days are ahead

    Faith and Prayers…………..Hope is what bought us here, May God continue to bless this extraordinary Man!!!

    KEEP HOPE ALIVE…………I AM KEEPING THE FAITH…

    • 69 Keith in C-bus, Ohio
      July 25, 2011 at 4:50 am

      Thanks for the uplifting video Kasai. My eyes have tears flowing from them after watching that. I see my coined phrase (actually Jesse Jackson’s Rainbow Coalition’s national CRY) KEEP HOPE ALIVE…..is catching on!! 🙂

  17. 70 desertflower
    July 25, 2011 at 2:52 am

    Night, TOD family…bedtime for me, busy day tomorrow! Bright and early.I’m all in. If he’s going balls to the wall, so am I. Night:)

  18. 71 globalcitizenlinda
    July 25, 2011 at 3:45 am

    I have heard many good things in my life but in politics, this message from President Obama is WAY up there among the best

    BREAKING NEWS: President Obama has just sent word to the media through a White House Aide, saying, “I will veto any legislation that does not extend the debt ceiling to 2013….I will veto any legislation that harms Medicare or SS ….I will Veto any legislation that does not have significant tax revenues and subsidies cut.”

    God I love this President and I sure picked a winner and brilliant leader!!!!!!!!!!!!!!!!!!

    • 72 TrumpDog
      July 25, 2011 at 4:18 am

      This is reassuring.
      The “progressives” are in freak out mode – again.
      I can’t deal with these people; they seem to get off on being in a constant “sky is falling” mode. 🙄

      • 73 Keith in C-bus, Ohio
        July 25, 2011 at 4:55 am

        Freaking out over what? Isn’t this what they want? The President is no so called (Caving in) like they always like to portray. He is protection the sacred SS and Medicade/medicare. What more do these people want? This is a further demonstration that they have their own agenda and nothing PBO does will satisfy them. Lets move on without their support. I am a staunch Progressive, but I don’t consider myself the Professional Left. There is a distinction Thumpdog.

      • 74 Sandy1110
        July 25, 2011 at 5:00 am

        Some of them have gone nuts. Don’t even try to explain that SS or Medicare can be fixed, as PBO said he wanted to do in the State of the Union. They don’t/can’t hear it. If you “touch” it in any way, shape or form, they’re not voting for you because they can’t comprehend that it could be improved or changed without destroying it. In that way, they’re as blockheaded and ignorant as Freepers.

    • 75 57andFemale
      July 25, 2011 at 7:04 am

      It’s 6:00 a.m. in Chicago, and I can’t find reference to this tweet anywhere on the news. What’s up?

    • 76 prettyfoot58
      July 25, 2011 at 11:26 am

      Where is the link to this….i want to send it out

  19. July 25, 2011 at 5:42 am

    Good morning TODers!!!

    For al you early risers here’s a little video I hope would put a smile on your faces:

    • July 25, 2011 at 5:46 am

      I can’t help it. I’m a hopeless romantic.

      Have a great day everybody. Hope things look up on the Debt Ceiling situation.

  20. July 25, 2011 at 5:59 am

    And just one for the road:

    Okay I’m off to work. See you guys later.

  21. July 25, 2011 at 6:23 am

    It’s 5:20 a.m. in my neck of the woods. I missed the latter part of the discussion last night, but got up this morning and like I didn’t miss a beat, thanks to some of the most intelligent folks for the updates.

    Thank you, Chips. Hope you are still having a restful time.

    Hopefully, today will bring the Republicans to their senses.

    Here’s wishing everyone a wonderful start and prayers for all.

  22. 81 57andFemale
    July 25, 2011 at 7:00 am

    I’m not seeing any reporting on this tweet from Obama. Are we sure?

  23. 85 57andFemale
    July 25, 2011 at 7:54 am

    I’m beginning to think this isn’t real. It seemed odd that all we’d hear is reference to a tweet in the middle of the night. That does not sound like President Obama to me. I guess we need to cool down until we can verify it, one way or the other.

  24. 89 Titti
    July 25, 2011 at 8:50 am

    A UK MP Vince Cable attacks ‘rightwing nutters’ over US debt ceiling talks http://www.guardian.co.uk/politics/2011/jul/24/vince-cable-us-debt-rightwing-nutters?intcmp=239

    This reckless behaviour from the Rethugs is frightening.

  25. July 25, 2011 at 8:56 am

    Good morning, TODville.

    FYI – Today at 12:50pm Eastern, President Obama will address the NCLR at their annual conference luncheon in Washington.

    Livestreamed here:

    http://www.livestream.com/nclrannualconference

    and

    http://live.cnn.com/

  26. July 25, 2011 at 9:11 am

    Mark Knoller is reporting that PBO’s fundraising events are being put on hold, including the huge Aug 3rd birthday bash in Chicago, Harvey Weinstein event in NYC postponed until next month, swing through California and Seattle put on hold.

  27. 94 57andFemale
    July 25, 2011 at 9:33 am

    The alleged tweet on a veto threat appears to not be true. But the elements of the statement do appear to be by and large true, according to Benen whom I love.

    The Reid deal is what Pelosi was talking about late last week.

    If Benen’s source is correct we can work with this. The looney left will scream but seriously — is there anything that would make them NOT scream?

    “Reid offered no further details about the plan. A Senate Democratic leadership aide, speaking on the condition of anonymity because the plan has not been publicly released, said the package would include cuts of up to $1.2 trillion over the next decade to government agencies, including the Pentagon. Democrats had previously offered to accept those savings, as well as about $200 billion in cuts to non-health direct-payment programs, such as farm subsidies.”

    A question on the last item: ‘cuts’ in farm subsidies. We’ll hear the usual ‘family farm’ line, but isn’t this something we would consider a revenue-raiser?

    • 95 majii
      July 25, 2011 at 12:03 pm

      Most definitely, 57&F,

      IMO, it’s way past the time to make changes in the way farm subsidies are distributed.


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