Harry Reid: GOP's Weekend Off May Cause Catastrophic Default

[babylonsister]

Michael McAuliff
Harry Reid: GOP's Weekend Off May Cause Catastrophic Default


snip//

"It's hard to comprehend how the United State House of Representatives, at the height of this fiscal crisis has decided to take the weekend off," Reid said, suggesting it was a way for the GOP leaders to give in to the extreme wing of the party that wants a default, without actually appearing to do so.

Reid noted that Senate rules allow any senator to slow the legislative process there to a crawl with objections -- and that a number of senators have said they oppose raising the nation's debt ceiling. With a debt deadline looming on Aug. 2, any lawmaker in the more deliberative body could snarl the process if any legislation comes from the House too late.

"It appears to me they're going to do indirectly what they can't do directly by not sending us whatever they decide to do in time to get it done," Reid said. "I think that the country is staring in the face a default on the debt because of the House of Representitives being out this weekend."

Schumer chimed in that it "is amazing that they would be gone."

MORE...

http://www.huffingtonpost.com/2011/07/21/harry-reid-house-weekend-cause-debt-default_n_905783.html

[spooky3]

1. time to use the 14th amendment option

[yodermon]

5. they want to force obama to use 14th so they can then impeach him. nt

[TheWraith]

8. Maybe. Let's see how they react to the public pressure that comes from this.

And just as important, every firm on Wall Street sending them a dead fish wrapped in a newspaper.

[roguevalley]

2. I am numb and tired. maybe it will take a default to kick them

permanently to the curb.

[July16th-20th]

3. Further proof (if such were needed)

that the Refucks actually want us to go down the drain, figuring they can cast Obama as Hoover.

[steelmania75]

4. It'll either crash or there will be a deal, but it'll fuck the middle class over and strip us of our

social safety net. Take your pick.

[hobbit709]

6. How many others besides Cantor have their money in a fund that's betting on a default?

[Remember Me]

7. This might be a good time to shake a few sheckels together and do that

ya think??

OTOH, I can't see Obama letting that happen.