We stand a good chance of defaulting.U.S. President Obama says on the government shutdown and debt ceiling negotiations between Democrat and Republican parties.
The Democrats, they better understand something. What goes around comes around. And if they try to humiliate Republicans, things change in American politics, and I know what it’s like to be in the majority and in the minority, and it won’t be forgotten…we’ve got to turn this around. And the Democrats had better help us.John McCain, being rather petulent on “Face The Nation” yesterday. He admitted earlier in the interview that the quest to defund Obamacare was “a fool’s errand” to begin with, yet stood firm that Democrats have a responsibility to help the GOP save face. Because vowing revenge against the guys you tried unsuccesfully to screw over after your plan blows up in your face—that’s true leadership. source
The last 24 hours have not been good.Senator Bob Corker (R-Tenn) says on the ongoing debate over the debt ceiling and government shutdown in Washington D.C. There has been a back and forth on deals to reopen the government and possibly raise the debt ceiling in the U.S.
Obama’s view, which I share, is that the debt ceiling fight is far more important not only than the specific policies on the table, or even the catastrophic economic consequences of a debt breach. It’s a fight to preserve the Constitutional order. And conservatives have resolutely refused to grapple with that fact…If the conservative goal is to create the illusion of winning something for the debt ceiling, then they’ll come back next time to win more, and Democrats can’t allow that.Jon Chait’s take on why the Democrats are, in the words of the GOP, “refusing to negotiate.” Republicans would reply that Democrats have used the debt limit as a bargaining chip in the past, and it’s thus unfair to excoriate the GOP for “suddenly” attempting to upend the constitutional order. This is a disingenuous argument, though, as Dave Weigel has pointed out; the House GOP’s conduct now truly is unprecedented. source
President Obama threw down the gauntlet on House Republicans this afternoon, saying in his clearest language yet that there will be no negotiatiations whatsoever over funding the government or raising the debt ceiling. Period. This puts a lot of pressure on the House (or John Boehner, really) to pass “clean” bills to fund the government and avert a shutdown, rather than tie those bills to a wish-list of conservative policies. House Republicans may end up passing a funding bill that defunds Obamacare anyway, but it seems pretty clear that Obama will veto that bill if it lands on his desk. This is the speech a lot of liberal Democrats were hoping for the first time the House GOP tried this, in the summer of 2011. source
We have not seen this in the past. That a budget is contingent on us eliminating a program that was voted on, passed by both chambers of Congress, ruled constitutional by the Supreme Court, is two weeks from being implemented, and helps 30 million get health-care coverage.President Obama • Pushing back against a variety of House Republicans’ demands, after Speaker Boehner announced intentions to attach yet another attempt at defunding the Affordable Care Act to a bill seeking to avert a possible government shutdown on September 30. The President also said that he won’t “create a habit, a pattern, whereby the full faith and credit of the United States ends up being a bargaining chip to set policy.” source
On MSNBC’s Up With Chris Hayes this morning, the New England Mint debuted this deliciously self-aware two-minute commercial for a trillion-dollar tribute coin, in remembrance of no doubt our country’s foremost heated, hilarious, in-the-weeds argument over platinum-minted uber-currency. Long live the coin! source