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Daily Debt: Does Boehner Have The Votes?

Daily Debt: Does Boehner Have The Votes?

 

Speaker of the House John Boehner has been working hard on his new debt deal, now finally getting the numbers right to have it actually cut more than the ceiling would be raised.  But despite all of his hard work, and a scheduled House vote on the deal later today, he’s still not sure if he has enough votes to actually pass it.

There are a few other remedies to the situation, of course.  Many are still arguing that Obama should invoke the 14th amendment, declaring that it’s unconstitutional to default on our obligations.  However, if he does that, Congresswoman and presidential hopeful Michele Bachmann says that would “make him a dictator,” and her congressional buddy Steve King already threatened impeachment. Another suggestion is that the U.S. Chamber of Congress could sure for damages, forcing the ceiling to be raised that way.

Or, they could just have a clean vote and raise the ceiling.  You know, like they did over and over again under George W. Bush.

Why does it seem like the threat of default and the economic costs — many of which the country is expected to absorb anyway since the late resolution means creditors are likely to drop the bond rating regardless of action being taken in time — not matter that much to a large faction of Congress?  I guess you have to look a little closer at who is making money off the stalemate.  Some of the biggest Tea Party vote blockers are the ones doing the most fundraising off of the debate itself.  It’s hard to take someone’s word that they are acting in good faith in negotiations when they’re stuffing the coffers while a deal is on hold.

So when will we see the results of the Boehner debt deal vote?  Well, not until markets close, to minimize impact.

That doesn’t bode well at all, does it?

Related Stories:

Daily Debt: Boehner Plan a Loser

Congressional Phones, Websites Crash From Constituent Anger

Daily Debt: Obama Calls For Balanced Approach and Compromise

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27 comments

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9:27PM PDT on Jul 29, 2011

William G.,

What about corporate socialism and business entitlements?

What are we getting for our corporate tax breaks? More jobs? In China? In India? If you think they are creating jobs here in the U.S. you should be more generous with the drugs you are taking.

America is becoming a third world country because it is allowing the jobs of its voters and the middle class to be out-sourced and off-shored to foreign countries. You can try all you want to create an alternate reality but the vast majority of American know what is really going on. They are being screwed.

We protect our businesses and give them all kinds of entitlements even though they haven't done spit for creating anything here in the U.S. We provide them with import export laws too. Why? So they can create jobs in China, India, Africa, Indonesia....etc.

The only thing that is truely international is labor. That sounds REALLY REALLY GOOD for businesses...until the other shoe drops and they finally realize that people earning third world incomes can no longer afford to buy their shit.

They can't afford to buy it now. And why are the prices so high if they are being produced in countries where the costs are so low. Oh...that's right. We are talking about capitalism here. We don't have to be moral, ethical, or even legal if its capitalism. Let's just hoard it all and keep the fat dumb voters thinking that there is properity around the corner.

Let's just keep giving it to the rich a

9:13PM PDT on Jul 29, 2011

Cutting spending on, so called, entitlements is ineffective for addressing the deficit. Cutting programs that support the low and middle class will further strain both who don’t even receive lower prices as a result of the U.S. job losses and create a disconnect that will end in another financial collapse. The justification for attacking government benefits as opposed to raising taxes is the creation of jobs. But where?

Corporations have over-powered our government which now believes that out-sourcing and off-shoring of U.S. jobs is inevitable and necessary with expectations that the middle class should fall on their swords. It is the underlying cause of the financial collapse and borders on national security with the loss of our middle class tax base. Yet, this nation does nothing, not even demand it be restricted by whatever method. International businesses are doing the UN-AMERICAN activity of destroying U.S. salaries, U.S. businesses that hire in the U.S., and as an end result, destroying the U.S. marketplace while still demanding BUSINESS ENTITLEMENTS and protections for themselves.

Infrastructure spending and tax breaks will not replace enough jobs to keep up with the hemorrhaging loss of U.S. jobs from out-sourcing over seas. Neither party will do anything about it unless we begin grass roots efforts to protest out-sourcing and off-shoring of U.S. jobs. If nothing is done we will deserve what we get and it will get a lot worse before it gets better

5:27PM PDT on Jul 29, 2011

Boohoo, it passed ... Does not take much skill. He could have passed it and yesterday. All it takes is to add more budget cuts to shove it down the Tea party throat. He could also try to cry ... But no, this time he made it. He even yelled at the Democrats. Attaboy ... Takes lots of courage to make up a non-passable plan and call it a compromise. Compromise is when it can be agreed on by BOTH sides. How about the classes that gentleman skipped?

There is exactly one person in the entire country and perhaps the world who benefits from this "plan" - Mr. Speaker of the House. He did it ... He is a big boy now.

It is not even funny. It is pathetic. So now what? Time to throw the newly passed plan in the trash and go back to the negotiations. If not, does anyone have any doubt which party won't hesitate to wreck the country? They took us a hostage and point a gun at Obama's head: "You've got to go, or we'll kill them".

4:44PM PDT on Jul 29, 2011

Speaker of the House John Boehner has been working hard on ANOTHER new debt deal (which just passed) while the democrats have offered NOTHING in writing.

There are too many people in America who depend on the “government” to take care of their needs and in many cases from sources these very people never contributed to. We have allowed ourselves to be bound and yoked.

Many are receiving their benefits, supplied mostly by others, thanks to the “government” and the liberal thinking of those within “government”, it is a form of re-distributing the wealth.

Socialism is not compatible with a Constitutional Republic. The writers and signers of the American Constitution had to have Devine guidance in writing this for there has never been a nation like America. Socialism steals and enslaves the people.

America is now experiencing what socialism produces, too many people receiving their benefits from too few who can provide those “benefits” and as in socialism the system becomes overloaded and collapse. America is at the point of collapse and to further embrace socialism will only hasten that collapse, not solve it.

How do I know this, READ YOUR HISTORY! America, (thanks to the government) has been dumbed down to accept something less, under the disguise that it is something better, folks it is not! Support the Constitution of the United States of America, or become a poor third world country. This is our choice as American vote

2:58PM PDT on Jul 29, 2011

Yeah, he'll cave to the radical extremists to keep his speakership. It's all about politics, not America or its people. Shameful and disgusting.

11:23AM PDT on Jul 29, 2011

What a bunch of assholes in Washington....so glad I didn't vote for them...and right now Nancy Pelosi looks damn good! They don't give a fig about the United States, all they care about is their own party. They are showing what scoundrels they really are. It has really pissed them all off that a Black Democratic President was elected. They will go to any means to tarnish his presidency and get a Republican in the White House...trouble is, they are showing their true colors and come next election, we better all vote Democrat whether we are democrats or not!

10:56AM PDT on Jul 29, 2011

I don't think,Linda C.,that's the President that has missed all his classes,or that he has the poorest knowlage of the constitution of any President. But due to the fact that I'm going to repeat the following AGAIN-I've lost count-you do prove,Linda,that there are who can be called "uneducable" among us,just not the President in regards to the Debt Ceiling:that concerns what the 14th Amendment means by "valid Public Debt that shall not be challenged." Meaning this ceiling must be raised because this is the Public Debt in the current budget as Congress appropriated and the President signed in the final Continuing Resolution. It's an obligation.Can you understand this,Linda C.,or do you choose to be one of the uneducable?-of which there are many.

10:40AM PDT on Jul 29, 2011

So far(10:27 A.M,PDT,July 29),no. So it's time this economic death dance end and the debt ceiling be increased before anything else is done. This includes,if necessary,the President using his Exucutive Power to prevent a national(economic) emergency by using the 14th Amendment and ordering the debt ceiling increased. As for Boehner,he was sure premature yesterday in acting like he already had the votes for his plan.So I not only wonder if he'll ever get the votes for it,but also whether in his District in 2012,he'll get the votes to be reelected. Because I sure would be mighty pissed at my Congressman,even if I had vote,if he proved to as bumbling an incompitant as Boehner has!

10:34AM PDT on Jul 29, 2011

He will have the votes as he adds even more extreme laungage into the bill. Crash and burn the country mentaily.

10:01AM PDT on Jul 29, 2011

The one thing all the Republicans have agreed on from before they were even elected is that President Obama should be a one-term president. Their agenda is to get him out in 2012. What they are doing now, however, is assuring that they will lose in 2012. They are slitting their own throats and showing the American people that they only care about the rich in this country.

As to Social Security, I have been paying into this fund for over 50 years. Even though I am "retired," I still work part-time and pay into Social Security. The problem with having the money to pay out is not with the fund itself. The problem is that the money has been borrowed by the government and replaced with government bonds. When the Social Security checks are sent out, these bonds are redeemed by the Treasury. If there is no money in the Treasury, the bonds cannot be redeemed.

The very same party that raised the debt ceiling over and over again under President Bush--in order to fund his two wars and to allow the tax cuts for the rich and corporations--are now the ones dedicated to letting this country be destroyed in order to meet their own agenda. Where are all the jobs they promised to create before they were elected. The only legislation they have been willing to pass is legislation that will cost jobs. God help us if they succeed in what they are doing now!

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