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NewsWeb Like 387K CONNECT FRONT PAGE UKU.S.CANADA POLITICSPOLITICSHUFFPOST HILL2012 ELECTIONSGREENPOLLSTERSPECULATRON BUSINESSDAILYFINANCESMALL BIZ BLOGAUTOBLOGREAL ESTATEJOBSTHE WATCHDOG ENTERTAINMENTCELEBRITYENTERTAINMENTMUSICMOVIESTVGAMES.COM TECHHUFFPOST TECHENGADGETAPPLE BLOGTECHCRUNCHJOYSTIQTRANSLOGIC MEDIA LIFE & STYLE STYLE NEWS FOOD TRAVEL RELIGION IMPACT STYLELIST RECIPESGREENDIVORCE HOME/DIY CULTURE MEDIA BOOKS TRAVEL COLLEGE ARTS RELIGION IMPACT EDUCATION COMEDYURLESQUE HEALTHY LIVINGBODYSPIRITMINDHEALTH NEWS WORLDWORLDTRAVEL LOCALNEW YORK SAN FRANCISCODENVER PATCH CHICAGO LOS ANGELES TRAVELMAPQUEST MORECRIMEWOMENEDUCATION COLLEGESPORTSWEIRD NEWS POLITICS POLLSTER 2012 ELECTIONS SPECULATRON HUFFPOST HILL FUNDRACE INVESTIGATIONS .header-search {margin-bottom: 0px;} #ad_curtain {height:auto;margin:10px auto 0;width:938px} .header-search {margin-bottom: 0px;} #ad_curtain {height:auto;margin:10px auto 0;width:938px} Debt Ceiling Deadline Looms, Default At Stake (LATEST UPDATES)
AP/The Huffington PostFirst Posted: 7/29/11 08:33 PM ET Updated: 7/29/11 09:46 PM ET
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Barack Obama, Deficit, Obama, Obama Budget, Obama Deficit, Video, Debt Ceiling, Debt Limit, Federal Budget, Debt Ceiling Negotiations, Debt Ceiling Obama, Debt Ceiling Talks, Debt Ceiling Talks Collapse, Latest News On Debt Ceiling, Latest On Debt Ceiling, Obama Debt Ceiling, Slidepollajax, Politics News #news_entries #ad_sharebox_260x60 img {padding:0px;margin:0px} share this story Get Politics AlertsSign UpSubmit this storydiggredditstumble The Senate has killed an effort by the House to raise the government's borrowing cap.
Democrats and several Republicans killed the measure put forth by House Speaker John Boehner by a 59-41 vote Friday night, just minutes after it arrived from the House. Democrats opposed the measure because it would require another painful debt-limit debate early next year.
The move continues a standoff over the debt limit but could set the table for negotiations this weekend on compromise legislation that could pass the Democratic Senate and the GOP-controlled House before an Aug. 2 deadline to prevent a potentially disastrous default on U.S. obligations like interest payments and Social Security checks.
Check back here for the latest developments.
live blog Oldest Newest Chuck Schumer: 'The Country Is In Crisis' \CartyStudios Corporation\WebMagnates - Auto Blogging Software\data\The News Pipeline\huff\twitter-bird-mini.png)
Appearing alongside Senate Majority Leader Harry Reid (D-Nev.) at a press conference Friday night following the Senate's vote to table Speaker John Boehner's (R-Ohio) debt ceiling bill, Sen. Chuck Schumer (D-N.Y.) had harsh words for his Republican colleagues.
"If they don't like it, even though it seems like a prescription drawn from their needs, what do they want as an alternative?" Schumer asked. "Instead, what do they do -- they just filibuster."
"The country's in crisis," he added. "This is not a time for politics as usual."
Reid's Plan Gets New Score: $2.4 Trillion In Cuts The Congressional Budget Office has revised its score of Senate Majority Leader Harry Reid's (D-Nev.) debt ceiling legislation, determining that it would save either $2.2 trillion or $2.4 trillion over the course of ten years, depending on different baselines.
Reid unveiled a new debt ceiling bill Friday night that strongly resembles a plan first suggested by Sen. Mitch McConnell (R-Ky.), the minority leader.
The legislation was revised from an earlier version. It contains new language to root out waste in different government programs in addition to further reducing caps on discretionary spending. The plan continues to rely on more than $1 trillion in savings that are expected to come from the drawing down of the wars in Afghanistan and Iraq. It would also allow "appropriations above the discretionary caps" for the next ten years to "help identify improper payments of unemployment compensation."
Counting the so-called peace dividend, the plan would save $30 billion in 2012 and $100 billion in 2013.
But in what looks like another major compromise, Senate Democrats have adopted a three-step plan for hiking the debt limit, first proposed by McConnell. In the scheme, the Congress would give the White House the authority to raise the debt limit, while retaining only the authority to disapprove by a supermajority vote.
A first increase would be a two-part jump that would hike the debt cap by $1.2 trillion, with the first $416 billion being free from any disapproval. That step would ensure a default is avoided if the measure is passed quickly.
The Senate and House could object to the rest of that money. The next $1.2 trillion would be authorized after the president certifies that the nation is within $150 billion of the new ceiling.
The revised CBO scoring is below:
Reidcbo
-- Sam Stein and Michael McAuliff
Senate Kills The House Debt Bill After all the drama of House Speaker John Boehner trying to get his get his budget-cutting, Constitution-amending debt bill though the House, the Senate voted to kill it after a short, snippy debate between the party leaders.
The Senate voted 59 to 41 to table the House bill, but not before Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell sparred a bit for the cameras.
McConnell interrupted Reid to make him an offer: Republicans would be willing to vote on Reid's plan immediately, and to sweeten the offer, he said the House was prepared to follow suit Saturday at 1 p.m.
Reid didn't bite. Likely still trying to line up 60 votes to break a filibuster, he asked if McConnell would agree to "the same type of simple majority vote they had" in the House
But McConnell was not about to give up the edge, and mocked the suggestion.
"Let me say, this is almost an out-of-body experience," he said.
"It is obvious to the world, there is now another filibuster," Reid shot back, before calling the vote to table the plan.
Six conservatives joined the Democrats in opposing the House bill from the right: Sens. Jim DeMint (R-S.C.), Rand Paul (R-Ky.) Mike Lee (R-Utah), David Vitter (R-La.), Lindsey Graham (R-S.C.) and Mark Kirk (R-Ill.)
Reid then filed for cloture on his plan, with a vote set for 1:00 a.m. Sunday.
-- Michael McAuliff
Senate Votes To Kill Boehner's Debt Ceiling Plan Final vote is 59-41.
Conrad: McConnell Won't Negotiate With Reid During an appearance on MSNBC on Friday night, Sen. Kent Conrad (D-N.D.) said that Senate Minority Leader Mitch McConnell told Senate Majority Leader Harry Reid that he would not work with him to negotiate a compromise to raise the debt ceiling. According to the North Dakota Democrat, the Republican leader indicated, however, that he would be willing to engage in talks with the president.
House GOP To Vote Down Reid's Debt Proposal On Saturday The House will hold a Saturday vote on the debt plan offered by Senate Majority Leader Harry Reid (D-Nev.) just to show that it can't pass, a senior GOP aide said Friday.
Brad Dayspring, a spokesman for House Majority Leader Eric Cantor (R-Va.), took to Twitter with the news.
"BREAKING: House to vote on @SenatorReid's Debt Ceiling bill tomorrow - will show not capable of passing," he tweeted.
The GOP plan is largely for theatrics; their aim is to fully display that Reid's bill, in its current form, lacks the support to pass the House. News of their plan comes at the same time the Senate is lining up a Friday night vote on the House GOP debt plan, which is expected to crash and burn in the Senate.
The House is scheduled to go into session at noon on Saturday and move to vote around 1:00 p.m.
-- Jennifer Bendery
Senate Is Voting On Boehner's Debt Ceiling Plan It is expected that Democrats will table it.
House To Vote On Reid's Plan Tomorrow 
@ samsteinhp :RT @BDayspring: BREAKING: House to vote on @SenatorReid 's Debt Ceiling bill tomorrow - will show not capable of passing. #TCOT #GOP #Debt U.S. Accused Of Being 'Kidnapped' By 'Dangerously Irresponsible' Politics Reuters reports:
World leaders have been stunned by the dysfunction in Washington. World Bank President Robert Zoellick on Friday said the United States was playing with fire.America's largest foreign creditor, China, has repeatedly urged Washington to protect its dollar investments and its state-run news agency on Friday said the United States had been "kidnapped" by "dangerously irresponsible" politics.
Click here to read more.
White House Reacts To Passage Of Boehner Bill White House spokesman Jay Carney released the following statement Friday night:
The bill passed today in the House with exclusively Republican votes would have us face another debt ceiling crisis in just a few months by demanding the Constitution be amended or America defaults. This bill has been declared dead on arrival in the Senate. Now that yet another political exercise is behind us, with time dwindling, leaders need to start working together immediately to reach a compromise that avoids default and lays the basis for balanced deficit reduction.McConnell: It's Up To Reid To CompromiseSenator Reid’s proposal is a basis for that compromise. It not only achieves more deficit reduction than the bill passed in the House today and puts a process in place to achieve even more savings, it also removes the uncertainty surrounding the risk of default. The President urges Democrats and Republicans in the Senate to find common ground on a plan that can get support from both parties in the House – a plan the President can sign by Tuesday.
After Senate Majority Leader Harry Reid (D-Nev.) declared it's up to Minority Leader Mitch McConnell (R-Ky.) to compromise and pass a debt ceiling bill in the Senate, McConnell said in a statement that Reid should pass the House bill instead.
The House has now passed its second bill in two weeks that would prevent a default and significantly cut Washington spending. The Senate is a different story. Rather than working towards a solution to this crisis the way the Republican majority in the House has, the Democrat majority here in the Senate has been wasting precious time rounding up ‘no’ votes. Rather than come up with a bill that can pass, they’ve been busy ginning up opposition to everything else. Now it’s time for them to act. I eagerly await the Majority Leader’s plan for preventing this crisis.
-- Michael McAuliff
McConnell Awaits Reid's Plan @ samsteinhp :After criticizing Dems for rounding up no votes, McConnell says: "I eagerly await the Majority Leader’s plan for preventing this crisis.” Boehner Debt Bill Passes House, Heads To Likely Defeat In Senate HuffPost's Elise Foley and Jennifer Bendery report:
The House of Representatives passed a bill on Friday to raise the debt ceiling and cut $22 billion from next year's spending. The bill, passed as part of a power play by Speaker John Boehner (R-Ohio), will nonetheless die in the Senate later Friday evening.Just four days before the government may begin to default on its loans, the House voted on the bill after two earlier versions failed to win over anti-spending stalwarts in Boehner's party. The Senate is expected to immediately strip it of its content and replace the language with that crafted by Majority Leader Harry Reid (D-Nev.). A vote to begin debate on that measure is slated for later Friday evening.
By altering the content of his bill, Boehner was able to win the support of 218 members of the 240-member Republican conference. In the process, however, he further alienated House Democrats, none of whom ended up supporting his plan.
Click here to read more.
House Passes Boehner Debt Ceiling Plan Republicans have 218 votes in favor -- only 216 were needed. The final vote is 218-210.
Democrats Outline Path To Passage For Debt Deal HuffPost's Sam Stein reports:
At a briefing with reporters late Friday afternoon, a group of top Democrats familiar with debt ceiling negotiations laid out the increasingly narrow path that they see for getting a bill passed into law.It is expected that Speaker John Boehner (R-Ohio) will have the votes needed to get his bill through the House of Representatives when it comes to a vote on Friday evening. It will then be adopted by Majority Leader Harry Reid (D-Nev.) and entirely replaced with legislative language that his office is working on with Senate Minority Leader Mitch McConnell (R-Ky.). Because Reid is set to file for cloture on the bill before midnight on Friday, the window to work out the remaining difference is precariously small. According to the Democratic officials, it could be as short as four and a half hours.
The goal is to target moderate Republican Senators as well as those who have worked on other debt-reducing compromises in the past to help reach 60 votes. At the briefing, the Democratic officials specifically listed Sens. Scott Brown (R-Mass), Lisa Murkowski (R-Alaska), Bob Corker (R-Tenn.) and the GOP members of the Gang of Six as targets. Sen. John McCain (R-Ariz.), who has warned against the dangers of default, and John Thune (R-S.D.), who has suggested that Reid's bill would pass the Senate, were also mentioned as potential "yes" votes.
Click here to read more.
Boehner: White House, Dems Have Offered No Plan Speaker Boehner defended his bill before the vote, saying he has presented multiple plans while the other side has offered nothing.
"I stuck my neck out a mile to try to get an agreement with the president of the United States," Boehner said on the House floor. "But a lot of people in this town can never say yes."
-- Elise Foley
Boehner: 'I Stuck My Neck Out A Mile' 
@ thinkprogress :Boehner: "I stuck my neck out a mile. I put revenues on the table... a lot of people in this town can never say yes" #orwell Moody's Says U.S. Could Keep AAA Rating The Wall Street Journal reports:
Moody’s Investors Service said today it expects the U.S. will get to keep its AAA credit rating, "albeit with a shift to a negative outlook," provided Congress and the White House can work out a deal to avoid missing payments to U.S. bondholders.Obama And Boehner Not Talking
@ samsteinhp :president obama has not talked with John Boehner since sunday, dem officials familiar with debt ceiling negotiations say Obama Loses Huge Number Of Twitter Followers President Obama's Twitter account, @BarackObama, has been exceedingly active today -- and he's paying for it in Twitter followers. After Obama's 10:30 a.m. press statement on the debt ceiling, @BarackObama started tweeting to his followers to encourage their congressional representatives to "to support a bipartisan compromise to the debt crisis."
The account has sent more than 100 tweets this afternoon targeting Republican congressmen on Twitter on a state-by-state basis, saying for example, "If you live in Maine, ask @SenatorSnowe and @SenatorCollins to support a bipartisan compromise to the debt crisis."
This massive tweet output is likely what's driving a drop of more than 17,000 Twitter followers over the course of the day. Yesterday, @BarackObama had 9,396,253 followers. As of 4:30 p.m. today, he has 9,379,204 -- a drop of 17,049 -- and falling.
The drop isn't surprising, given the number of tweets published from the account today. Social media experts frequently recommend limiting tweets because they can overload average Twitter users' feeds.
If a Twitter user isn't following many people, their incoming stream of tweets could be overwhelmed by a sudden, large output. The high volume of tweets from Obama today was likely startling to these followers, given that his account doesn't usually tweet more than a few times a day.
Twitter user James Hare made an interesting point about this new Obama Twitter strategy: Is it really helping Republicans in the end?
"For the love of Kennedy, @BarackObama. Stop with the tweeting. It's getting old and giving Republicans undeserved new followers."
-- Mandy Jenkins
Where Scott Brown Stands 
@ WBUR :Sen. Brown tells WBUR parties need to work across the aisle to resolve debt-ceiling impasse; he'd vote for Reid's plan Rand Paul Predicts Debt Ceiling Will Be Raised During an appearance on Fox News' "America Live with Megyn Kelly" on Friday, Sen. Rand Paul (R-Ky.) predicted that lawmakers in Washington will ultimately approve a plan to raise the debt ceiling.
"The debt ceiling will go up, but I’m not sure the country will be better off for it," he explained on the program. "I think our debt is going to be downgraded simply because no one believes that we’ve got our fiscal house in order, no one believes that we are going to balance our budget."
As for a newly-revised proposal put forth by House Speaker John Boehner to lift the deficit limit Paul said, "I’m not sure why we’re submitting a second plan when the Democrats rejected our first plan and they’ve already promised to reject our second plan."
-- Elyse Siegel
The 'Last Train' HuffPost's Mike McAuliff reports on what may happen if and when Boehner's bill passes the House and is tabled in the Senate, paving the way for Harry Reid's plan:
Because of Senate parliamentary rules, if Reid gets the legislation rolling at some point Friday, as he promised in his news conference, then the Senate would have to hold a series of votes that could not finish until Tuesday unless all the Republicans relented. It will be hard enough, as Reid suggested, just to get the few GOP senators needed to advance through a 60-vote filibuster threshold.Schumer said another compromise or two and the gravity of the situation should make it possible for Republicans get on board.
"Since it will be the last train leaving the station, we expect Senate Republicans will give it a long, careful look," Schumer said.
Read more here.
Senate Dems Prepare For All-Nighter Senate Democrats said Friday that they are prepared to debate Harry Reid's debt ceiling plan all night Saturday night, and into Sunday morning, unless Republicans agree to compromise, the New York Times reports.
With action still uncertain in the House, Senate leaders described a bare-knuckled plan that would culminate in a post-midnight Saturday vote on the debt ceiling plan developed by Senator Harry Reid of Nevada, the majority leader.Regardless of Debt Deal, Economy Likely To Suffer As Government Cuts Spending, Experts Say“That would be the vote to avoid default,” Senator Charles E. Schumer of New York declared to reporters during a news conference on Capitol Hill Friday morning.
If Republicans filibuster that vote, Democrats say they are prepared to repeatedly require Republicans to object to the bill’s passage, keeping them in their seats for hours and creating a middle-of-the-night legislative spectacle for the cameras.
The U.S. economy will continue to sputter over the next several months regardless of whether lawmakers increase the federal government's borrowing limit as the two major deals to raise the debt ceiling both involve significant spending cuts, economists said Friday.
The nation's output climbed by a feeble 1.3 percent annual rate last quarter, following a 0.4 percent rise during the first three months of the year, according to Commerce Department figures released Friday. The economy's growth rate so far this year has been significantly below expectations.
To prevent another downturn, Federal Reserve Chairman Ben Bernanke has urged Congress at least six times over the past year not to cut short-term spending, warning lawmakers that a pullback by Uncle Sam could cripple the weak economy.
Nevertheless, despite these repeated pronouncements, Democratic and Republican policy makers have resolved to cut federal spending, insisting that a new age of austerity is needed in order to cure spiraling budget deficits. Legislators also are feeling pressure from the major credit rating agencies, which have announced that they may yank the nation's sterling AAA rating if lawmakers don't put forward a credible plan to balance the government's books.
"More fiscal restraint, while needed to avert a debt-rating downgrade, also does not appear to be a recipe for a stronger second half," Mark Vitner, a senior economist at Wells Fargo Securities, wrote in a note to clients on Friday.
Vitner reckons that decreased government spending in the first half of the year hurt the economy's growth rate. State and local government spending dropped by a rate of 3.4 percent in the first two quarters, he said. Federal outlays fell at a rate of 9.4 percent in the first three months of the year, though it slightly rose at a 2.2 percent clip in the second quarter.
President Barack Obama's floundering economic recovery is "the weakest on record," said Paul Dales, senior U.S. economist at Capital Economics, in a note to clients.
A further pullback in spending will continue to dampen prospects for the kind of rally that could begin to lower the nation's 9.2 percent unemployment rate.
-- Shahien Nasiripour
House Gets One Minute Of Debate On New Boehner Bill The House will spend one minute of debate on the newly-amended debt proposal put forward by Speaker John Boehner (R-Ohio), House aides confirmed.
A House Democratic advisory sent out Friday informs members that there is "approximately 1 minute left" of general debate on Boehner's original bill, which was debated for hours Thursday but ultimately pulled down when GOP leaders realized they didn't have the votes to pass it. That bill has since been amended to include a new provision -- a vote on a balanced budget amendment -- that will help convert several Republicans' "no" votes into "yes" votes.
"All the general debate was used yesterday except one minute," said a senior GOP aide. Today's debate "is the completion of general debate."
A senior Democratic aide clarified that Boehner, House Majority Leader Eric Cantor (R-Va.) and House Minority Leader Nancy Pelosi (D-Calif.) can speak for as long as they want during the minute and it won't go against the time. But beyond their comments, the rest of the House has one minute to lodge their comments on the newly amended bill.
Of course, there are procedural steps that will add hours to the debate. Before debating the amended bill, the House will spend one hour debating a rule allowing debate to proceed and another hour on a rule allowing the body to amend Boehner's bill. From there, the House will get their one minute of debate on the newly amended bill, followed by several minutes on another procedural motion allowing Democrats to send the bill back to committee for changes, and finally, presuming that vote fails, a vote on final passage.
The House kicked off its debate on the procedural steps at 2:00 p.m Friday.
-- Jennifer Bendery
GOP Rules Chair: Boehner Bill Won't Make It To Obama's Desk @ thinkprogress :MT @MajoratNJ: McGovern (D-MA) says Boehner bill won't be on POTUS' desk. Rules Chair Rep. Dreier (R-Calif): "I agree. I agree."Below, video of what White House Spokesman Jay Carney had to say about Boehner's plan on Friday:
CARNEY: Well, I think that everyone wants this to be resolved. What I do believe is that as more and more folks have focused this week on the kind of process we’re going through just to resolve this one time, the prospect of doing it again in just a few months -- which essentially means that we’d be living with this uncertainty, steadily, from now until the next time -- the prospect of trying to do this, as suggested by some stories I’ve read about how they’re fixing the measure or changing the measure, moving it -- making it more partisan -- that it would make it even more difficult and more impossible to essentially hold the American economy hostage to a two-thirds vote to amend the Constitution -- amend the Constitution or default is a highly dangerous game to play.Club For Growth Flips On Boehner Bill
House Speaker John Boehner (R-Ohio) picked up momentum for his debt bill Friday afternoon, as the influential conservative group Club for Growth announced it would no longer count a vote for Boehner's bill against Republicans when deciding whether to run a primary challenger against them.
Club for Growth VP of Government Affairs Andrew Roth wrote in an email Friday:
After reviewing the newly amended language in the Budget Control Act of 2011, the Club for Growth has withdrawn its key vote against the new Boehner Plan.Our Congressional Scorecard for the 112th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.
If you have any questions, please let me know.
-- Ryan Grim
Counties In Eric Cantor's District May Lose AAA Credit Rating HuffPost's Amanda Terkel reports:
Moody's Investors Service is warning 162 local governments that they risk a downgrade of their AAA credit rating because of the federal government's inability to come to an agreement on a plan to raise the debt ceiling.The affected local governments are most heavily concentrated in Virginia and Massachusetts. One of the counties, Hanover, falls squarely in House Majority Leader Eric Cantor's (R-Va.) district. Parts of two more counties, Chesterfield and Henrico, are in his district as well.
"The ratings of these local governments, particularly those with a high economic dependence on federal activity, would be vulnerable to a downgrade of the U.S. government," said Moody's Senior Vice President Matt Jones.
Click here to read more.
House To Reconvene At 2 P.M. #ad_bottom_article_text {margin-bottom: 15px} Most PopularDebt CeilingBarack ObamaDeficitThe Senate has killed the latest effort by the House to raise the government's borrowing cap.Democrats and several Republicans killed the measure put forth by House Speaker John Boehner by a 59-41...The Senate has killed the latest effort by the House to raise the government's borrowing cap.Democrats and several Republicans killed the measure put forth by House Speaker John Boehner by a 59-41...
JonHenke Why hasn't the Obama administration & Treasury Department been more transparent about what Treasury would do after the debt ceiling? 18 minutes ago from TweetDeck 
tommatzzie Shark Week starts Sunday, just before debt ceiling thingie. Coincidence? 28 minutes ago from web 
NOLAnews Debt-ceiling default would affect Louisiana's public health care http://bit.ly/nhDI84 49 minutes ago from dlvr.it 
sltrib Possible debt ceiling casualties: Salt Lake City and County http://bit.ly/qP1ppJ 53 minutes ago from Visibli 
dailykos Debt ceiling follies: Reid plan being amended, again http://bit.ly/pHjUrB 1 hour ago from twitterfeed 
es1999 Actually, I bet #Obama would want to lower the Presidential Approval Rating Ceiling from 100% to 50% to make his 40% look better. #Debt 1 hour ago from HootSuite 
maviru NYTimes: Global Concern Over U.S. Debt Ceiling Disagreement http://nyti.ms/oQQNZw 2 hours ago from NYTimes for iPad 
Blackdogworld RT @Sannri: Global Concern Over U.S. Debt Ceiling Disagreement http://nyti.ms/nc0r5Q via @nytimes 2 hours ago from TweetDeck 
BorowitzReport BREAKING: Pelosi Urges Lifting of Debt Ceiling, Face 2 hours ago from web 
nytimes Global Concern Over U.S. Debt Ceiling Disagreement http://nyti.ms/nc0r5Q 2 hours ago from The New York Times 
TheLastWord And we all need some laughs after this debt ceiling mess. #lastword 2 hours ago from web 
latimesmuskal President Obama's debt-ceiling tweets prompt an 'unfollow Friday' http://lat.ms/r9uNvu 3 hours ago from dlvr.it 
jrug So this debt ceiling thing is routine or the end of the world? http://ht.ly/1e1n6v 3 hours ago from HootSuite 
gfriend RT @thinkprogress: Reagan increased the debt ceiling by 200% over 8 years. http://thkpr.gs/nkDWRF 3 hours ago from HootSuite 
MoveOn The Best Explanation Of The Debt Ceiling We've Heard All Week http://j.mp/riSZas 3 hours ago from MoveOn Social Media Feed thinkprogress GWB increased the debt ceiling over 90%. http://thkpr.gs/nkDWRF 3 hours ago from TweetDeck thinkprogress Reagan increased the debt ceiling by 200% over 8 years. http://thkpr.gs/nkDWRF 3 hours ago from TweetDeck 
TheAtlantic After the debt ceiling debacle, no seat in Congress is safe http://theatln.tc/oxqSZA 4 hours ago from HootSuite 
Boomerjeff Thanks to tea party activist & voters no more "routine" debt ceiling increases! http://bit.ly/pAHLCY #tcot #p2 #teaparty 4 hours ago from TweetDeck 
mitchellreports This is fun @washingtonpost remembers @Lawrence writer producer explaining debt ceiling as channelled by Toby Ziegler http://t.co/rveitKo 4 hours ago from web Show more results TOP INFLUENCERS ON THIS TOPIC 87 
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Dett Brothers Debt Ceiling Construction from Funny Or Die, lauren, ellhoof, and Brian Lane
Debt Ceiling Drama
Palin Issues Stern Warning to Boehner About Debt Ceiling - Sarah Palin - Fox Nation
Moody's puts U.S. on notice
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View All Favorites Highlights This feature highlights some of our more thought-provoking conversations. Recency | Popularity Page: 1 2 3 4 5 Next › Last » (9 total) 1 of 2 COMMUNITY PUNDITS realpolitic 1 hour ago (10:09 PM) 1825 Fans The Republicans are seeking to enact draconian cuts and balanced budget amendments they could never get through by passing legislation because there are not enough Republicans to do so much damage. So they are attempting to hold the creditworthiness of the country hostage to block the closing of a few tax loopholes on the rich. They are using Read More... undemocratic processes, the same as they did when they threatened to close down the government over the budget debates, to wage jihad against social insurance programs. Our society has a social contract, however thin, which they want to rip to shreds and wipe they feet on. They want to eliminate the well being of 98% of the population to create a plutocracy that has the courts, the tax laws, and Congress at its disposal and their agenda is morally wrong, almost bordering on sinister. realpolitic: The Republicans are seeking to enact draconian cuts and balanced http://www.huffingtonpost.com/social/realpolitic/debt-ceiling-deadline-default_n_913809_99976682.html View Thread | Share it 99976682,99977620 smiththomas 207 Fans 0 minute ago (11:17 PM) Schumer wears bloomers smiththomas: Schumer wears bloomers http://www.huffingtonpost.com/social/smiththomas/debt-ceiling-deadline-default_n_913809_99986321.htmlHistory | Permalink | Share it KAL-EL 86 Fans 2 minutes ago (11:15 PM) Just another faux crisis. KAL-EL: Just another faux crisis. http://www.huffingtonpost.com/social/KAL-EL/debt-ceiling-deadline-default_n_913809_99986079.htmlHistory | Permalink | Share it horace keith 0 Fans 3 minutes ago (11:15 PM) How's that job workin for you Obama!!!!!!! horace_keith: How's that job workin for you Obama!!!!!!! http://www.huffingtonpost.com/social/horace_keith/debt-ceiling-deadline-default_n_913809_99986041.htmlHistory | Permalink | Share it Shrank We are sorry, your micro-bio is not PC 381 Fans 6 minutes ago (11:11 PM) McConnell: 'This Is Almost An Out Of Body Experience'I don't blame you, John. I'd do almost anything to escape from that body, too. Shrank: McConnell: 'This Is Almost An Out Of Body Experience' I http://www.huffingtonpost.com/social/Shrank/debt-ceiling-deadline-default_n_913809_99985578.htmlHistory | Permalink | Share it
HUFFPOST SUPER USER BroBrigham 42 Fans 1 minute ago (11:16 PM) Mitch, his name is Mitch. BroBrigham: Mitch, his name is Mitch. http://www.huffingtonpost.com/social/BroBrigham/debt-ceiling-deadline-default_n_913809_99986287.htmlHistory | Permalink | Share it HUFFPOST SUPER USER BroBrigham 42 Fans 8 minutes ago (11:09 PM) Hold the phone! Obama is black!? Where have I been??? BroBrigham: Hold the phone! Obama is black!? Where have I been??? http://www.huffingtonpost.com/social/BroBrigham/debt-ceiling-deadline-default_n_913809_99985377.htmlHistory | Permalink | Share it Soon Change 219 Fans 3 minutes ago (11:14 PM) He's 50% White, 43.75% Arab, and only 6.25% Black Soon_Change: He's 50% White, 43.75% Arab, and only 6.25% Black http://www.huffingtonpost.com/social/Soon_Change/debt-ceiling-deadline-default_n_913809_99985951.htmlHistory | Permalink | Share it HUFFPOST SUPER USER slocomgp 564 Fans 0 minute ago (11:17 PM) Think you have been in denial. slocomgp: Think you have been in denial. http://www.huffingtonpost.com/social/slocomgp/debt-ceiling-deadline-default_n_913809_99986332.htmlHistory | Permalink | Share it somolo 0 Fans 9 minutes ago (11:08 PM) http://www.change.org/petitions/changeorg-impeach-house-speaker-john-boehner somolo: http://www.change.org/petitions/changeorg-impeach-house-speaker-john-boehner http://www.huffingtonpost.com/social/somolo/debt-ceiling-deadline-default_n_913809_99985219.htmlHistory | Permalink | Share it thefool2u 4 Fans 9 minutes ago (11:08 PM) Why are we putting those who don't know anything about economics in charge of making decisions about where the money goes for the whole country ? They should all win awards for their acting. With best of categories: Best finger pointing, best quote of the day. Best blame the other party, best political points and best screw the people who put you in that office. thefool2u: Why are we putting those who don't know anything about http://www.huffingtonpost.com/social/thefool2u/debt-ceiling-deadline-default_n_913809_99985190.htmlHistory | Permalink | Share it Soon Change 219 Fans 2 minutes ago (11:15 PM) Look where we are with those who supposedly know something about econoics!
HehehHeh Soon_Change: Look where we are with those who supposedly know something http://www.huffingtonpost.com/social/Soon_Change/debt-ceiling-deadline-default_n_913809_99986116.htmlHistory | Permalink | Share it Soon Change 219 Fans 9 minutes ago (11:08 PM) Obama, Reid, Durbin and Schumer CAUSED this Crisis! Soon_Change: Obama, Reid, Durbin and Schumer CAUSED this Crisis! http://www.huffingtonpost.com/social/Soon_Change/debt-ceiling-deadline-default_n_913809_99985185.htmlHistory | Permalink | Share it ivy921 39 Fans 8 minutes ago (11:09 PM) Wrong again! But thanks for playing. ivy921: Wrong again! But thanks for playing. http://www.huffingtonpost.com/social/ivy921/debt-ceiling-deadline-default_n_913809_99985381.htmlHistory | Permalink | Share it Soon Change 219 Fans 2 minutes ago (11:15 PM) America now realizes it! Soon_Change: America now realizes it! http://www.huffingtonpost.com/social/Soon_Change/debt-ceiling-deadline-default_n_913809_99986172.htmlHistory | Permalink | Share it
HUFFPOST COMMUNITY MODERATOR LDF That's me in the red coat 606 Fans 8 minutes ago (11:09 PM) Golly. When did they join the Tea Party? LDF: Golly. When did they join the Tea Party? http://www.huffingtonpost.com/social/LDF/debt-ceiling-deadline-default_n_913809_99985393.htmlHistory | Permalink | Share it Soon Change 219 Fans 1 minute ago (11:16 PM) That's their problem! They didn't! Soon_Change: That's their problem! They didn't! http://www.huffingtonpost.com/social/Soon_Change/debt-ceiling-deadline-default_n_913809_99986223.htmlHistory | Permalink | Share it RefreshingTaste HP LEGEND 418 Fans 9 minutes ago (11:08 PM) Libs need to get off welfare , get a job and quit begging from rich people. RefreshingTaste: Libs need to get off welfare , get a job http://www.huffingtonpost.com/social/RefreshingTaste/debt-ceiling-deadline-default_n_913809_99985154.htmlHistory | Permalink | Share it MERRYMEN 32 Fans 3 minutes ago (11:14 PM) conservtives need t get a brain, get a brain, get a brain MERRYMEN: conservtives need t get a brain, get a brain, get http://www.huffingtonpost.com/social/MERRYMEN/debt-ceiling-deadline-default_n_913809_99985993.htmlHistory | Permalink | Share it Mochilero 51 Fans 1 minute ago (11:16 PM) Which part don't you get tired of? Childish name calling, repetitive talking points or hyperbolic absurdity? You hit the trifecta with this tiny-minded sentence. Mochilero: Which part don't you get tired of? Childish name calling, http://www.huffingtonpost.com/social/Mochilero/debt-ceiling-deadline-default_n_913809_99986252.htmlHistory | Permalink | Share it Soon Change 219 Fans 1 minute ago (11:17 PM) They call us baggars and we call them beggars! Soon_Change: They call us baggars and we call them beggars! http://www.huffingtonpost.com/social/Soon_Change/debt-ceiling-deadline-default_n_913809_99986303.htmlHistory | Permalink | Share it NoogaDem 12 Fans 10 minutes ago (11:07 PM) The President must stand his ground! He should announce a finding from his legal team that the 14th Amendment to the Constitution gives him the responsibility to pay the nation's debts, regardless of Congressional inaction. Let the "tea-tards" sue. How dare they bring us to this? How dare they damage so the credibility of the greatest nation on earth? Two years ago, they were complaining about the "cornhusker kickback"...now they hold the entire world hostage to accomplish unreasonable goals that they don't even understand. It is out and out terrorism and should not be tolerated in the United States of America. NoogaDem: The President must stand his ground! He should announce a http://www.huffingtonpost.com/social/NoogaDem/debt-ceiling-deadline-default_n_913809_99985117.htmlHistory | Permalink | Share it horace keith 0 Fans 1 minute ago (11:16 PM) Stand his ground? What a laughing matter. horace_keith: Stand his ground? What a laughing matter. http://www.huffingtonpost.com/social/horace_keith/debt-ceiling-deadline-default_n_913809_99986279.htmlHistory | Permalink | Share it libertarianj 26 Fans 10 minutes ago (11:07 PM) I love the original headline: Debt Ceiling Deadline Looms, Default At Stake( LATEST UPDATES )Here is a update - we would not be in this position if Obama would have done what he said he was going to do.
http://www.youtube.com/watch?v=SaQUU2ZL6D8
Should we have expected anything else from Obama?
He says what he thinks or wants to do, then does the Opposite
http://www.mrctv.org/videos/great-debate-obama-vs-obama
Who would have thought? libertarianj: I love the original headline: Debt Ceiling Deadline Looms, Default http://www.huffingtonpost.com/social/libertarianj/debt-ceiling-deadline-default_n_913809_99985070.htmlHistory | Permalink | Share it Rollin McKim "In dubious battle on the plains of Heaven" 176 Fans 11 minutes ago (11:07 PM) Chuck Schumer IS a disaster. An embarrassing one. Rollin_McKim: Chuck Schumer IS a disaster. An embarrassing one. http://www.huffingtonpost.com/social/Rollin_McKim/debt-ceiling-deadline-default_n_913809_99985016.htmlHistory | Permalink | Share it Boots in Their Snoots 67 Fans 11 minutes ago (11:06 PM) The story says Dems killed the bill, avoiding the default, because they don't want to have to discuss it again in this Congress. That sounds lazy and shiftless. Who can support people that prefer a default to having to actually work on a true solution. Amazing. Boots_in_Their_Snoots: The story says Dems killed the bill, avoiding the default, http://www.huffingtonpost.com/social/Boots_in_Their_Snoots/debt-ceiling-deadline-default_n_913809_99984937.htmlHistory | Permalink | Share it Psychoceramics 2 Fans 1 minute ago (11:17 PM) Yeah, who wouldn't want to go through this kabuki theater again with all the same actors in 6 months? Psychoceramics: Yeah, who wouldn't want to go through this kabuki theater http://www.huffingtonpost.com/social/Psychoceramics/debt-ceiling-deadline-default_n_913809_99986296.htmlHistory | Permalink | Share it
JakeMontero Independent thinking 112 Fans 13 minutes ago (11:04 PM) Chucky Schumer is so worried about his reelection that he has been running campaign ads for the last two years. he should be worried JakeMontero: Chucky Schumer is so worried about his reelection that he http://www.huffingtonpost.com/social/JakeMontero/debt-ceiling-deadline-default_n_913809_99984679.htmlHistory | Permalink | Share it Bonita1013 12 Fans 14 minutes ago (11:03 PM) Am I the only one who is sick of the term "entitlements". We pay into Social Security and Medicare every time we get paid. We are not receiving anything that we as working people have not earned. Those programs are not "give aways" to the American public.
So , cuts to those programs affect all of us. I hope the phones and emails to Congress over the week-end light up from the American public. Maybe someone with some sense might be listening to us for a change. Bonita1013: Am I the only one who is sick of the http://www.huffingtonpost.com/social/Bonita1013/debt-ceiling-deadline-default_n_913809_99984552.htmlHistory | Permalink | Share it waddie skam 116 Fans 8 minutes ago (11:09 PM) They don't care about us...our leaders are nothing more than fronts for the corporate elites and the banksters...matters little who is in office...wait and see how either of the bills totally destroys the working/middle class, the elderly, the poor and education in this country... waddie_skam: They don't care about us...our leaders are nothing more than http://www.huffingtonpost.com/social/waddie_skam/debt-ceiling-deadline-default_n_913809_99985359.htmlHistory | Permalink | Share it Page: 1 2 3 4 5 Next › Last » (9 total) if (!HPBrowser.isIEOld()) {//if (!HPBrowser.isIE6()) {//if (!(HPBrowser.isIE7() || HPBrowser.isIE6())) {HuffApp.lazyLoad.loadOnce("http://s.huffpost.com/assets/js.php?f=live_comments_v2.js&t=v2d101103",function() {new LiveComments_v2({holder: "live_comment_stream",entry_ids: [913809],timestamp: "v2d101103"});});} Debt Ceiling Negotiations Continue WHAT DO YOU THINK? 140
CenteredPols RT @thinkprogress: World reacts to debt ceiling debacle: "Irresponsible," "worst kind of absurd theatrics" + more http://thkpr.gs/oG5t6g 11 minutes ago from TweetDeck thinkprogress World reacts to debt ceiling debacle: "Irresponsible," "worst kind of absurd theatrics" + more http://thkpr.gs/oG5t6g 12 minutes ago from TweetDeck JonHenke Why hasn't the Obama administration & Treasury Department been more transparent about what Treasury would do after the debt ceiling? 18 minutes ago from TweetDeck tommatzzie Shark Week starts Sunday, just before debt ceiling thingie. Coincidence? 28 minutes ago from web NOLAnews Debt-ceiling default would affect Louisiana's public health care http://bit.ly/nhDI84 49 minutes ago from dlvr.it sltrib Possible debt ceiling casualties: Salt Lake City and County http://bit.ly/qP1ppJ 53 minutes ago from Visibli dailykos Debt ceiling follies: Reid plan being amended, again http://bit.ly/pHjUrB 1 hour ago from twitterfeed es1999 Actually, I bet #Obama would want to lower the Presidential Approval Rating Ceiling from 100% to 50% to make his 40% look better. #Debt 1 hour ago from HootSuite maviru NYTimes: Global Concern Over U.S. Debt Ceiling Disagreement http://nyti.ms/oQQNZw 2 hours ago from NYTimes for iPad Blackdogworld RT @Sannri: Global Concern Over U.S. Debt Ceiling Disagreement http://nyti.ms/nc0r5Q via @nytimes 2 hours ago from TweetDeck BorowitzReport BREAKING: Pelosi Urges Lifting of Debt Ceiling, Face 2 hours ago from web nytimes Global Concern Over U.S. Debt Ceiling Disagreement http://nyti.ms/nc0r5Q 2 hours ago from The New York Times TheLastWord And we all need some laughs after this debt ceiling mess. #lastword 2 hours ago from web latimesmuskal President Obama's debt-ceiling tweets prompt an 'unfollow Friday' http://lat.ms/r9uNvu 3 hours ago from dlvr.it jrug So this debt ceiling thing is routine or the end of the world? http://ht.ly/1e1n6v 3 hours ago from HootSuite gfriend RT @thinkprogress: Reagan increased the debt ceiling by 200% over 8 years. http://thkpr.gs/nkDWRF 3 hours ago from HootSuite MoveOn The Best Explanation Of The Debt Ceiling We've Heard All Week http://j.mp/riSZas 3 hours ago from MoveOn Social Media Feed thinkprogress GWB increased the debt ceiling over 90%. http://thkpr.gs/nkDWRF 3 hours ago from TweetDeck thinkprogress Reagan increased the debt ceiling by 200% over 8 years. http://thkpr.gs/nkDWRF 3 hours ago from TweetDeck TheAtlantic After the debt ceiling debacle, no seat in Congress is safe http://theatln.tc/oxqSZA 4 hours ago from HootSuite Boomerjeff Thanks to tea party activist & voters no more "routine" debt ceiling increases! http://bit.ly/pAHLCY #tcot #p2 #teaparty 4 hours ago from TweetDeck mitchellreports This is fun @washingtonpost remembers @Lawrence writer producer explaining debt ceiling as channelled by Toby Ziegler http://t.co/rveitKo 4 hours ago from web 
11AliveNews IN DEPTH: The politics of raising the debt ceiling http://dlvr.it/d6CTS 4 hours ago from dlvr.it 
TheYoungTurks Obama Dictator Over Debt Ceiling - Michele Bachmann http://www.youtube.com/w... #TYT 4 hours ago from HootSuite washingtonpost WATCH: "The West Wing" explains the debt ceiling http://wapo.st/osQjLm 4 hours ago from SocialFlow 
crampell going on MSNBC tomorrow at 8:45 a.m. (to talk about discrimination against the unemployed) and on C-Span Sunday at 9:15 a.m. (debt ceiling). 5 hours ago from web 
SenatorBegich RT @uschamber: Failure to Raise Debt Ceiling Could Turn the Economy Back Into A Recession, Says U.S. Chamber 5 hours ago from HootSuite 
TheStreet_News Moody's Warns on Debt Ceiling http://ow.ly/1e1fjY 5 hours ago from HootSuite 
wave3news Dozens gather downtown in protest of government debt ceiling http://bit.ly/qid1AS #wave3news 5 hours ago from twitterfeed 
Russell_News Market Week in Review: Your weekend guide to the debt ceiling crisis and what it means for markets. #mkts #debt ceiling http://cot.ag/qMyXwD 5 hours ago from CoTweet 
PressRegister Alabama moves some investments in case debt ceiling not raised; RSA plays wait and see. http://ow.ly/5QQ2n 5 hours ago from TweetDeck 
kbeninato "The teabag just burst all over the American people. And it's nasty." Al Sharpton boils debt ceiling crisis down. #Tea! @msnbc 5 hours ago from web samsteinhp phew, we raised the debt ceiling.... oh, wait 5 hours ago from TweetDeck 
KatrinaNation Ronald Dworkin makes constitutional case:Why Obama Could Extend the Debt Ceiling on His Own | NYRblog |http://t.co/ln6ejnq 5 hours ago from Tweet Button 
miaminewsnow LIVE: House Debt Ceiling Vote http://dlvr.it/d63fh 5 hours ago from dlvr.it 
michellemalkin Spoiler alert: The debt ceiling is going up. http://is.gd/DWURKU 5 hours ago from TweetDeck 
JamesFallows Yes MT @DavidCornDC: T-Party politicization of debt ceiling ->longterm consequence for US ratings. If it happens now, can happen anytime. 6 hours ago from TweetDeck FRONT PAGE UKU.S.CANADA POLITICSPOLITICSHUFFPOST HILL2012 ELECTIONSGREENPOLLSTERSPECULATRON BUSINESSDAILYFINANCESMALL BIZ BLOGAUTOBLOGREAL ESTATEJOBSTHE WATCHDOG ENTERTAINMENTCELEBRITYENTERTAINMENTMUSICMOVIESTVGAMES.COM TECHHUFFPOST TECHENGADGETAPPLE BLOGTECHCRUNCHJOYSTIQTRANSLOGIC MEDIA LIFE & STYLE STYLE NEWS FOOD TRAVEL RELIGION IMPACT STYLELIST RECIPESGREENDIVORCE HOME/DIY CULTURE MEDIA BOOKS TRAVEL COLLEGE ARTS RELIGION IMPACT EDUCATION COMEDYURLESQUE HEALTHY LIVINGBODYSPIRITMINDHEALTH NEWS WORLDWORLDTRAVEL LOCALNEW YORK SAN FRANCISCODENVER PATCH CHICAGO LOS ANGELES TRAVELMAPQUEST MORECRIMEWOMENEDUCATION COLLEGESPORTSWEIRD NEWS POLITICS POLLSTER 2012 ELECTIONS SPECULATRON HUFFPOST HILL FUNDRACE INVESTIGATIONS Advertise | Make HuffPost your Home Page | RSS | Careers | FAQ User Agreement | Privacy | Comment Policy | About Us | Contact Us Copyright © 2011 TheHuffingtonPost.com, Inc. | "The Huffington Post" is a registered trademark of TheHuffingtonPost.com, Inc. All rights reserved. Part of HuffPost News
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