by putting it people’s heads that it’s Republicans who have to save Obama’s bacon, instead of asking what Obama intends to to about the $5T hole Democrats have dug in 2.5 years.

It’s a meme the MSM swallows whole.

Dick Morris has no idea what he’s talking about.

If you don’t raise the debt ceiling, you have money to pay the interest on the debt and part of the entitlement programs (SS, Medicare, Medicaid). Nothing else will be paid. The troops won’t get paid, the FBI won’t get paid. There won’t be money for highways or basic inspections. And Obama will be the one deciding what will get paid or not. The idea that this is ’96 all over again, with a few museums and libraries closed and the National Weather Agency or whatever is called shut down, is simply idiotic.

for Republicans and Conservatives. The only “trapping” being done, is of Reid and Obama. The American public, many of which have plugged in to this debate, will see it for what it is, which is the capitulation by Reid/Obama of leadership. Particularly Obama, who has not once offered a constructive plan or blueprint from which the Democrats can rally around. It’s clear that our POTUS is an empty suit, and when the Boehner plan is signed into law it will be even more evident to all but the most politically disconnected Americans.

The Senate vote on a Balanced Budget amendment is not a waste of time. It is a wise political move, which will shine the bright light of incompetence on those who vote against this amendment. Who in their right mind can argue in favor of continued deficit spending in the current environment? Those arguing that deficits do not matter have been defrocked, and no longer control the debate.

Not only will America see Obama’s fear mongering for what it is, they will also see that their lives do not change on a daily basis from reduced spending. While I do not advocate a shutdown, the consequences might not be a bad outcome in this current political climate.

Our credit worthiness will not be downgraded. We will maintain our AAA status, and S&P/Moody’s will not play this card, as there will be too much pressure from the Obama administration to maintain our current status.

Republicans/Conservatives are winning the debate. We are not capitulating and providing Obama with a soft landing to a second term. The American people see this man as a Charlatan, correctly I believe, given how he has handled himself in this crisis.

Your cynicism clearly shows that you do not trust Americans to see and believe what is actually happening in this debate.

watch out for.

As you put it in point 4 S&P and the other two big agencies are looking at downgrading the US if they do not cut enough spending (S&P said they are 50/50 as of July 14th). S&P stated they need to see a minimum of $4 Trillion over 10 years in cuts to keep a AAA rating for the US. The Boehner and Reid plans are short of that figure.

If the House passes the Boehner plan and the Senate the Reid Plan that will lead to a conference where they will mash together a compromise of the two plans. From there the House GOP fractures with the Tea Party back folks going no way and the House Dems voting for it. Between the House Dems and the non Tea Party GOPers that compromise passes to the Senate where Reid bullies it through with help from Mclain and McConnel. From there Obama has what he wants so badly: GOP cover for the economy.

Obama and the MSM will frame the compromise bill as the GOP backed bill and state that if the economy tanks it’s their fault.

So what happens if after that compromise goes into effect, raising the debt ceiling, and the Big 3 rating agencies still downgrade due to not enough cuts?

The stock market tanks, the shaky economy goes with it and interest rates rise. Now who do you think the MSM is going to blame then…

So yeah pass the Boehner plan and hope that there is no downgrade because if there is the GOP is going to own it and sink the 2012 elections for them.

You see arguing for the Boehner plan is like arguing for a certain set of deck chairs to be re-arranged on the Titanic over another set.

What is preventing Michael’s predictions from comming true? Boehner was willing to accept the initial McConnell plan (2.4 trillion for 3 symbolic votes), so why won’t the house end up passing a watered down bill?

declare victory on the debt ceiling. We can get a better result in September over the budget when here will be no foreign bondholder element.

to further this scheme. Why are the Rs enabling this?!

And has anyone read all of it, making sure there are no surprises hidden in there?

Read the Bill:
http://www.redstate.com/glaucon/2011/07/28/now-more-than-ever-read-the-bill/

Handing Obama another $1T to grease the palms of his political cronies with no real cuts is not “declaring victory on the debt ceiling.”

And like with TARP, an over-reaction will make things far worse.

BTW, love the Reid’s civil discourse blabbering that Boehner’s bill is “dead on arrival.” The only thing I can say in defenxe of Boehner is that at least he has a plan.

I believe in perception as a stronger political driver than reality, but when they vote for the Boehner Plan, no structural changes are made, the markets tank anyway, we’re downgraded anyway and spending continues to go up, who is the victor exactly. The Fed? They get to print money and sell it to treasury covering our increasing obligations with an ever increasingly flimsy currency until one day not to far from now we wake up to find that it’s suddenly gone off a cliff and it costs $50 for a pizza. How important will a meaningless, symbolic political victory be when you’re burning through the kid’s college fund just to survive? How do I know this will happen? Because it has happened over and over and over all over the world when countries have found themselves right where we are.

to keep holding the line in the face of the pressure they’re getting from Boehner.

He has them listed at:

http://www.marklevinshow.com/goout.asp?u=http://www.freedomworks.org/blog/bstein80/please-call-these-house-republicans-and-ask-them-t?src=facebook

As of tonight, reports suggest the votes aren’t there for the current plan proposed by the republican leadership.

Why Boehner decided to offer another plan after CCB is anyone’s guess, but since he did, there is a way to get the votes and declare victory.

1) Keep the cuts at around $900 billion.
2) Eliminate the commission
3) No new taxes
4) Promise house members another vote on the balanced budget amendment later this year.

This deal would pass, Boehner could then declare victory.

Has Dick Morris ever been right about anything?

This is a serious question – he just always strikes me as saying things that seem way out of touch with reality. Plus he seems like a really weird guy to boot. Does Dick Morris really have a track record of insghtful predictions that anyone here should trust (particularly about something as critically important as this)?

Thanks Michael… I didn’t hear that one.
We got through today with the young guns holding out… I can only hope.
The American people are being severely misled.
I must impress upon you make the point that even in the cutting projections, each successive budget is projected to grow, even with projected cuts.
Do what you can.
Thanks,
Mark

I think the game is up but the Kubuki continues.
We need 750 billion “per year” for at least “the first two years” in spending cuts.
Without that sort of serious cut, the debt spiral begins, where rate hikes start chasing devalued dollars , which in turn chase unemployement numbers, which in turn, chase slipping property values.
88 miilion people in America get a check in the mail every month from the federal government, what happens when 44 million do not?
There is no asset “class” or income “class” that can bear the brunt of this welfare state collapse, no more than you or I can.
Can you absorb the markets slipping away half, to two thirds of your 401K’s or IRA’s ?
Can you afford 10 dollar gas? Milk? We do a serious cut now, or we get it all shaved off by market forces (reality) in the mid term, shortly.
Does anyone care to compromise with either one of the well healed establishment party wonks now?
This is why “principles matter”, I refuse to follow Bill Kristol, Bill OReilley, John McCain, John Boehner, or Harry Reid, off a cliff.

I have learned a lot here. Crossed swords a few times, been thrown out twice now.
I came crawling back with apologies, and I knew I was at fault, or misunderstood. No biggie.
Here we are in full heat of battle, and I come here to see what is really going on now rather then check the MSN. I used to go over there first.
Anyway, I just want to let all of you know, I think this is the greatest gathering of conservatisim that can be found. Aside of a few defectors..
And I really enjoy the debates amongst the crowd.
Thanks, Guys and gals. I am honored to be a part of the community.
Mark

I just read the 5 points. Is this part of the plan that Speaker Boehner is presenting to the House members? If so, then I agree the House members are being led into a trap.

I take it I didn’t oversleep and this passed the Senate and came back to the House already?

Whose plan is this?

Who is leading them into this trap?

Is Reid Speaker of the House now?