On Wed, 27 Jul 2011 10:09:19 -0600, Canuck57
wrote:

On 27/07/2011 7:51 AM, Jay wrote:
On 7/27/2011 6:31 AM, X-Man wrote:
Debt crisis: Republicans scramble to rewrite plan following figures
bungle

Embarrassment for Congress speaker John Boehner after budget office
finds $350bn hole in his original proposal


Graeme Wearden
guardian.co.uk, Wednesday 27 July 2011 10.07 BST
Article history

The US debt crisis has escalated after Republicans were forced to
rewrite their proposal to lift the debt ceiling, because they
miscalculated how much the original plan would cut spending.

In an embarrassing development for John Boehner, the Republican Congress
speaker, the Congressional Budget Office (CBO) ruled on Tuesday night
that his bill would have only cut spending by $850bn (£517bn)over the
next decade, not the $1.2tn he had aimed for. Republicans are now racing
to rewrite the legislation, and have pushed back a congressional vote on
the plan from Wednesday to Thursday at the earliest.

Although Boehner was already struggling to find support for his package,
the delay increases the risk that Washington will fail to agree a deal
to raise the debt ceiling before 2 August, when the federal government
is expected to run out of money.

- - -
Another one of those well-thought-out blank pages Republican proposals...

Why is Obama still insisting he be written a blank check. He is standing
in the way of Congress working to come together to try to solve this
problem. ONE MAN is standing in the way of making progress. He has
successfully Polarized Congress and increased the chances that he will
have his way. Do you really want to give into the lies and false hope
and dubious change. Surely, by now, you see the path this man is leading
us down is ruinous.

Yep. And I get a kick out of Obama's use of "compromise", yep,
compromise America's future with debt-bankruptcy. No real American
would want to see his country hit hard with debt-bankruptcy.

CNN didn't report like the UK, Russian and Chinese media on Hilary being
called in by the Chinese for a meeting. Your liberal media is
brainwashing America.

Moody's downgrade should have happened years ago. Any time a debtor has
to print money to pay its debts, that isn't borrowing, and isn't
solvent, it is bankrupt. Bernanke US Fed fraud, call it something sexy
like Quantitative Easing but most know it for what it is, currency fraud.

Fact is US is unable and unwilling to pay its bills with real money.
Thus, a AAA rating is 100% bogus. Tells me Moody's as a rating agency
isn't worth a dead rats cold ass.

Obama is ruing the US. No country ever that has tried this economic
policy has succeeded. None. Plenty have tried and have had major
economic fallouts from it. Some even got wiped out as nations and not
just the ensuing poverty.

How many know that in just 5 years the USD has lost over 30% of its
value against the Yuan? Pretty bad when the Mexican peso outperforms
the USD for 2 years now.

You've been struggling to find support for years.