Pelosi and Reid may sell us out too

[woolldog]

* 1 trillion in cuts, no revenues *

[msongs]

1. maybe it's "who need republicans when you've got this kind of ... democrats lol nt

[high density]

2. It seems all we have in DC are Republicans now

I would really love to have all of these people explain how taking billions in spending a year out of the economy somehow helps a struggling economy. The same people tell us with certainty that taking billions annually out of the wealth management accounts of the insanely rich would be a disaster.

[woolldog]

5. Dem leadership doesn't seem to realize

that they have the leverage. Wall street will ream republicans if there's a default. Repubs have to listen to their wall street masters.

[wizstars]

29. Don't kid yourself, Wall Street is loving this fight!

I deal with institutional Treaury bondholders every day, and they are happy about this fight. They are massively short-selling Treasury bonds, so when the floor drops out, and bond prices drop, they'll move in, cover their shorts, and MAKE A KILLING!!

You and I will take a beating, and they'll walk off fat, rich, and happy.

All the Wall Street "warnings" to Repubs to settle it--it's just for show, to make the public think they want it resolved.

[woolldog]

30. actually,

I'm short treasury bonds too, lol.

Not that I want to see a default.

[Sheepshank]

35. Bullshit.

The Dem leadership know exactly what leverage they have. Prove one shred of evidence that shows they don't uderstand their position of leverage right now. Obama and Reid et al have taken the time to strategize and have worked consistently to get to this point. Given all of you other posts on this topic I don't think you fail to see this....I think you're deliberately trying to divert the discussion.

[jefferson_dem]

3. us?

:spray:

Linky please.

[DJ13]

4. No "may" about it

They are both weak when push comes to shove, and with the wealthy US bond holders looking at taking a hair cut if a default happens there will be lots of pushing and shoving on them to sell out the rest of us to save those billionaires from losing money.

[gateley]

6. Not sure they'll get the votes -- from EITHER side. nt

[Gman]

7. Will people please stop with this shit?

Nothing at all of substance here and it's only intended to misinform and alarm. It's the same shit I'd expect from freerepublic.com.

[Tarheel_Dem]

12. It's become the norm here. DU always claimed to smarter than FR.

Speculation and misinformation is all the rage.

[Gman]

39. In many ways you just have to change the names of the politicians

and the posters and it's the same thing.

[JoePhilly]

25. The manufactured outrage machine runs 24/7. nt

[OwnedByFerrets]

31. Its what people do when they are scared. And if you arent scared

you arent listening.

[ProSense]

8. Impossible

I thought Pelosi and Reid have no idea what's going on? That Obama is the secret Republican sent to destroy the Party?

Is there a new meme?

[Name removed]

14. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[Name removed]

20. Deleted message

Message removed by moderator. Click here to review the message board rules.

[jefferson_dem]

9. This is "refudiated" right here...

Head of Dem Caucus warns: No revenues in deficit deal, no Dem votes
http://thehill.com/homenews/house/173117-head-of-dem-caucus-warns-no-revenues-in-debt-deal-no-dem-votes

[Name removed]

32. Deleted message

Message removed by moderator. Click here to review the message board rules.

[housewolf]

10. Whatever they do, nobody's gonna like it

It's just not gonna make people happy

[craigmatic]

11. Pelosi won't but Reid might.nt

[Safetykitten]

13. Ya think?

[golfguru]

15. When feds are borrowing 40 cents for every dollar spent

there is no happy outcome possible. The credit card is
maxed out. The credit rating agencies are threatening to lower US bond rating. I am willing to bet no one from either party will be happy about the "deal" they will reach one way or the other, sooner or later.

Have you ever seen a happy outcome for any personal bankruptcy situation? Of course not. The government also reaches a point where inflating the debt becomes unsustainable. If the solution was easy it would have been done already. Get ready for what the Greeks are going through although the situation is not yet as dire here as Greece.

[DCBob]

16. although i usually find fault with your posts, on this one I agree with you.

There is no doubt we have a serious debt problem and it is getting worse by the minute. The real question is do we need to fix it now and are massive spending cuts wise while we are in a weak and fragile recovery from a serious recession.

[DCBob]

17. overreact much?

[woolldog]

33. Still think I was overreacting?

:rofl:

[DCBob]

40. yes.

[Fruittree]

18. Hello...

Can someone please post a link to a factual article that explains what these proposed cuts would be...I'm not actually finding anything except where Pres. Obama said something about people at his income level maybe paying higher co-pays, etc...which what's wrong with that?

[tallahasseedem]

19. Sweet!

I always click into DU to see how many threads are dedicated to so or so selling us out. Yours is the first I read!

BTW, bullshit.

[great white snark]

21. They could also retire in protest and tour with Megadeth.

:crazy:

If you pull enough scenarios out of your butt you can later claim "I was right!" when whatever happens happens.

[woolldog]

22. Anyone have details regarding

Reid's new proposal?

[Sheepshank]

36. given your statement,s I'd have thought you had the inside scoop on Reid...no? n/t

[woolldog]

23. CNN now reporting

* Dems are offering 2.7 trillion, no revenue *

[woo me with science]

24. K&R nt

[Parker CA]

26. Although the cuts aren't defined, there is apparently no revenue in their offer.

Now the GOP will present their plan tomorrow which, based on the negotiating position they've landed in, will probably be around $4T+ since it's unlikely they won't try to milk this for all they can, so when the final compromise happens, it will be split between where the Dems are at $2.7T and where the GOP decides to plant their flag.

Still, nothing is done until it's all done, but this isn't trending in the direction one would hope.

[woolldog]

27. Not surprised

this is why democrats and liberals have lost the country. Theyre perceived as weak losers. That's why although the country agrees with dems position on most issues, the republicans get votes. Until that's fixed this is hopeless. We have no guts, no fight.

I'm personally disgusted with the party a d done supporting it. Gutless spineless cowards.

[COLGATE4]

28. K&R X 1000. Sad, but true.

[yellowcanine]

34. Bush tax cuts expire in 2013 without doing anything - would be more than enough revenue.

Bush tax cuts have been the main problem all along - along with the wars of course.

[Proles]

37. As painful as it is to see the Democrats fold,

I could live with cuts IF they do not cut into Medicare, Medicaid, and Social Security, AND the tax cuts for the rich are allowed to expire next time.

But ideally a clean debt cieling bill should, and could be done if President Obama fought harder for it.

[AtomicKitten]

38. And monkeys MIGHT fly out of your butt.

:shrug: