Aug. 2 Deadline Maybe Impossible Now Veteran Lawmakers Say

Jim Warren

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Fri Jul-29-11 09:44 PM
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Aug. 2 Deadline Maybe Impossible Now Veteran Lawmakers Say

........even if both sides decided Saturday to raise the $14.3 trillion borrowing ceiling and to reduce future annual deficits, it would be extremely difficult for the compromise measure to wend its way through Congress before Tuesday�s deadline given Congressional legislative procedures........

http://www.nytimes.com/2011/07/30/us/politics/30clock.html

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nadinbrzezinski

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Fri Jul-29-11 09:45 PM
Response to Original message

1. Yep, we are going there, unless there is an extension

already floated... or somebody pulls a trigger he ain't too thrilled, at leaste overtly, to pull (14 amendment)

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SoutherDem

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Fri Jul-29-11 09:47 PM
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2. I heard this last weekend and was hoping it was just...

someone trying to light a fire.

Here is a suggestion. Raise the debt ceiling with no strings attached, just like it was done for Bush and Reagan. That should be a simple task.

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Renew Deal

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Fri Jul-29-11 09:48 PM
Response to Original message

3. There's always the good old one pager.

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leveymg

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Fri Jul-29-11 09:50 PM
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4. The fact is, they could wait until next year and nothing much would happen.

This is a manufactured "crisis" and the consensus that comes out will be equally manufactured.

The whole process has been compromised.

Oh joy. Everyone's lined up behind the Compromise. Rejoice! But, this just continues with the SuperCongress cuts to SS/Medicare later this year. Another crisis. More compromise. Rejoice!

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