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America Has A $16.4 Trillion Debt Ceiling In 52-44 Senate Vote

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September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
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http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
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September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: America Has A $16.4 Trillion Debt Ceiling In 52-44 Senate Vote  (Read 609 times)
Psalm 51:17
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« on: January 26, 2012, 06:39:33 pm »

Update: America Has A $16.4 Trillion Debt Ceiling In 52-44 Senate Vote
26 January 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/senate-vote-progress-increase-us-debt-ceiling-12-trillion

Excerpt:

Update: the Senate has failed to reject a bid to stop the debt ceiling hike with a simple 52 vote majority all of it along party lines. The US now has $16.4 trillion in debt capacity as of Friday.

Since roughly $100 billion was plundered from Pension Funds in the past month, The US will have about $15.4 trillion in debt with the Monday DTS.

The question then is how long will the $1 trillion in debt capacity last: at $125 billion/month it won't be enough to carry the US past the election without another massive debt ceiling spectacle.

While Congress recently voted down the increase in the US debt ceiling, that vote was largely irrelevant. And all that matters is how the Senate will vote.

It is virtually unlikely that the process of debt ceiling increase will be overturned so within minutes the US should have a brand spaking new debt ceiling of $16.4 trillion.
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« Reply #1 on: January 18, 2013, 11:25:13 am »

The OP was posted in summer 2011, and that was the first time the debt ceiling got raised - now this would be the THIRD time. Eventually it's gonna come tumbling down.

Rev 6:5  And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
Rev 6:6  And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.


Sen. John Cornyn: 'We Will Raise the Debt Ceiling'

1/18/13

Sen. John Cornyn is one of a number of Republicans who have suggested that a partial government shutdown might be necessary in the coming months as Republicans and Democrats spar over a trio of deadlines - the debt ceiling, funding the government, and dealing with automatic spending cuts.
 
But in an interview with the editorial board of the Houston Chronicle, Cornyn said the debt ceiling, at least, would be raised.
 
"We will raise the debt ceiling. We're not going to default on our debt," Cornyn told the Houston Chronicle editorial board. "I will tell you unequivocally, we're not going to default."
 
Read that report HERE.
 
Earlier this month, in the same paper, Cornyn pointed in an op-ed column to the trio of pending deadlines including the debt ceiling and suggested that a partial government shutdown might be in order to bring Washington spending in line.
 
"The coming deadlines will be the next flashpoints in our ongoing fight to bring fiscal sanity to Washington. It may be necessary to partially shut down the government in order to secure the long-term fiscal well being of our country, rather than plod along the path of Greece, Italy and Spain," Cornyn wrote Jan. 4.
 
The Chronicle apparently asked Cornyn if his statement Thursday represented a change of position and the senator said the op-ed was a negotiating tactic.
 
"You sometimes try to inject a little doubt in your negotiating partner about where you're going to go, but I would tell you unequivocally that we're not going to default," he told the paper.
 
House lawmakers, chiefly Rep. Paul Ryan, the Budget Committee chairman and 2012 Republican vice presidential candidate, have suggested a short-term raising of the debt ceiling. Read John Parkinson's report on that HERE.
 
President Obama has repeated over and over that he will not negotiate with Republicans on the issue of the debt ceiling.
 
"While I'm willing to compromise and find common ground over how to reduce our deficits, America cannot afford another debate with this Congress about whether or not they should pay the bills they've already racked up," Obama said at a Jan. 14 White House news conference.
 
"We are not a deadbeat nation," he said. "The consequences of us not paying our bills would be disastrous."
 
Lawmakers have until the end of February to raise the nation's $16.4 trillion debt limit. Whether or not that occurs in tandem with efforts to fund the government and avert the spending cuts remains to be seen.
« Last Edit: January 18, 2013, 11:28:30 am by BornAgain2 » Report Spam   Logged
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« Reply #2 on: January 18, 2013, 12:34:05 pm »

Let the Hegelican Dialectic mud-slingling continue...

http://news.yahoo.com/blogs/ticket/house-republicans-senate-democrats-pass-budget-ll-increase-175147208--election.html

1/18/13

House Republicans to Senate Democrats: Pass a budget and we’ll increase the debt limit

WILLIAMSBURG, Va.—House Republicans will approve a short-term increase of the debt ceiling in exchange for an official budget resolution from the Democrat-led Senate, a chamber that hasn't passed a traditional budget since the early days of President Barack Obama's first term nearly four years ago.
 
House Majority Leader Eric Cantor, Republican of Virginia, said Republicans will exchange a three-month increase for an official Senate Budget resolution. If Democrats in the Senate cannot pass one, Cantor said, Members won't get paid.
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« Reply #3 on: January 18, 2013, 03:08:10 pm »

http://news.yahoo.com/gop-official-house-vote-lift-debt-limit-175438435--finance.html

.
GOP official: House to vote to lift debt limit
By ANDREW TAYLOR | Associated Press – 2 hrs 14 mins ago.

WASHINGTON (AP) — The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations, a move aimed at heading off a market-rattling confrontation with President Barack Obama over the so-called debt limit.
 
Full details aren't settled yet, but the measure would give the government about three more months of borrowing authority beyond a deadline expected to hit as early as mid-February, No. 2 House Republican Eric Cantor of Virginia said Friday.
 
The legislation wouldn't require immediate spending cuts as earlier promised by GOP leaders like Speaker John Boehner of Ohio. Instead, it's aimed at forcing the Democratic-controlled Senate to join the House in debating the federal budget. It would try to do so by conditioning pay for members of Congress on passing a congressional budget measure.
 
"We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government's spending problem," Boehner told GOP lawmakers at a retreat in Williamburg, Va. "The principle is simple: 'no budget, no pay.'"

more
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« Reply #4 on: September 25, 2013, 10:39:50 pm »

U.S. Congress turns attention to debt limit battle
9/25/13
http://news.yahoo.com/senator-cruz-speaks-night-against-obamacare-044250436.html

WASHINGTON (Reuters) - The U.S. Congress, already struggling to avert a government shutdown next week, turned its attention on Wednesday to the other fiscal bullet it had to dodge: a federal debt default.

Republican leaders in the House of Representatives notified members that a vote on raising the debt limit could come as early as Friday.

Treasury Secretary Jack Lew pleaded for quick action in the deeply divided Congress on raising the $16.7 trillion statutory limit on government borrowing, as he projected an October 17 date when borrowing capacity would be nearly exhausted and only $30 billion would be left in his agency's checking account.

The non-partisan Congressional Budget Office estimated that after October 22 Treasury might not be able to pay all its bills. The private Bipartisan Policy Center set a range of sometime between October 18 and November 5.

Amid the dire default warnings, lawmakers grappled with another potential crisis: federal agency shutdowns that could begin with the new fiscal year on October 1 unless Congress comes up with emergency funds.

The money would be used to pay U.S. troops, operate border patrols, provide free school lunches for poor children, and for thousands of other activities.

The Democratic-led Senate voted unanimously to begin advancing legislation to avert government agency shutdowns. But both the Senate and the Republican-led House were set for tough fights over the next few days.

Both the debt ceiling and government funding measures were complicated by Republican attempts to use the must-do bills to gut President Barack Obama's signature healthcare law, known as "Obamacare." Democrats are fighting to kill any such efforts.

House Democratic leader Nancy Pelosi of California called for fast passage of a straight-forward debt limit increase, without controversial add-ons.

"Republicans continue to hold the full faith and credit of the United States government hostage to their radical agenda," Pelosi said at a news conference.

Earlier, a disheveled Republican Senator Ted Cruz finished a 21-hour, 19-minute marathon of standing and speaking on the Senate floor, arguing for defunding Obamacare as part of the government-funding bill.

Sporting a beard stubble and his blue tie sagging, the first-term Texas senator with presidential aspirations compared the healthcare law to the villain in the "Friday the 13th" horror films.

"Obamacare is the biggest job-killer in this country and when Jason put on his hockey mask and swung that machete, boy there was carnage like nothing else," Cruz said.

The White House and Democrats in Congress are defending Obamacare, saying it will provide millions of Americans with health insurance that they otherwise could not afford, while potentially pushing down healthcare costs.

With his talk that began at 2:41 p.m. on Tuesday, Cruz approached the 1957 record of 24 hours, 18 minutes, held by late Senator Strom Thurmond, for longest Senate talk marathon.

Senate Majority Leader Harry Reid, a Nevada Democrat, called Cruz's effort "a big waste of time," saying it delayed passage of the legislation to keep the government running.

Representative Steny Hoyer of Maryland, the second-ranking House Democrat, told reporters that the chamber's Republican leaders have not yet reached out to Democrats to discuss keeping the government running and raising the debt limit.

House Democratic votes could end up being crucial to passing either bill if House Speaker John Boehner loses too many of his own Republicans.

Hoyer fretted about the possibility of a government shutdown, saying, "This is the highest risk I have seen because I see the least willingness to do what is absolutely essential in democracy and that is to work together."

House Republicans are likely to huddle early Thursday to try to plan their next moves on the spending and debt limit bills.

SENATE AIMS TO MOVE AHEAD

As the Senate debate on avoiding government shutdowns ground on, leaders there said they hoped for passage by Sunday.

But it was unclear what the House would do with the Senate's product.

Michael Steel, a Boehner spokesman, said: "We'll deal with whatever the Senate passes when they pass it. There's no point in speculating before that."

There have been several trial balloons floated in recent days, including speculation that House Republicans could attach to the Senate bill measures to repeal a medical device tax that collects revenues for operating the healthcare law, a one-year delay in letting individuals sign up for the program and other ideas.

As House Republican leaders plotted out strategy in private, Republican and Democratic senators bickered over the "Affordable Health Care Act," as they have done for nearly five years now.

A New York Times/CBS News poll released on Wednesday underscored Americans have little tolerance for government shutdowns. Eight in 10 people, according to the survey, said it would be unacceptable for Obama or lawmakers to threaten shutdowns during budget negotiations to achieve their goals.

Elected in November 2012, Cruz, a firebrand backed by the conservative Tea Party movement, sometimes strides through the Capitol in cowboy boots. But by Wednesday morning, his feet were clad in tennis shoes that gave him added support as he stood at his lectern or paced the Senate floor for hours. In black, they matched his suit.

"Obamacare isn't working," Cruz said in between stories about his Cuban immigrant father and reciting Doctor Seuss verse.

After Cruz ended his talk marathon, he drew a rebuke from senior Republican Senator John McCain who complained that Cruz had compared those unwilling to embrace his methods to British Prime Minister Neville Chamberlain and others who were willing to appease Nazi Germany before World War Two.

Several Republicans have noted that with Democrats controlling the Senate and White House, there was no way they could prevail in gutting Obamacare.
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« Reply #5 on: September 26, 2013, 04:57:37 am »

Quote
The money would be used to pay U.S. troops,...

That is a lie. Troops are paid for regardless, even if a budget isn't passed.

The bull these people spread all in the name of party bias really gets frustrating.
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« Reply #6 on: September 26, 2013, 04:37:13 pm »

October looks to be a month to watch in...

http://finance.yahoo.com/news/why-gop-wants-move-government-143358620.html
This Is Why The GOP Wants To Move On From A Government Shutdown And Threaten A Debt Ceiling Crisis Instead

House Republicans moved Thursday to to shift focus from a fight over the continuing resolution to keep the government funded to a battle over raising the nation's debt ceiling.

Even though failure to raise the debt limit would result in far more dire consequences for the economy than a government shutdown, polling presents compelling evidence for Republicans to pursue a fight on the debt ceiling.

Numerous polls have shown that the GOP stands to take the brunt of the blame from the American public in the event of a shutdown. According to a recent CNN/ORC poll, 51% would blame Republicans for a shutdown, while only 33% would blame President Barack Obama.

Polling on the debt ceiling is much less certain, and it reflects a lack of understanding from the American public about the consequences of hitting the debt ceiling.

House Speaker John Boehner's office passed around Thursday morning a Bloomberg poll that shows Americans do not support a debt-ceiling increase without any conditions. In fact, 61% said it's " right to require spending cuts when the debt ceiling is raised even if it risks default."

That's a top-line number that Republicans think they can use to win the argument — and, more importantly, bring Obama to the negotiating table.

Of course, there are two big caveats to the poll number. First, by a 56-26 margin, Americans oppose the cuts of the so-called "sequester." Those were the cuts that went into effect earlier this year, as a result of the last debt-ceiling crisis. So though they may support vague "cuts" with the hike of the debt limit, Americans weren't happy with the last cuts that resulted from the negotiations.

The other caveat is that the GOP plan on the debt ceiling isn't exactly about spending cuts — it's a laundry list of conservative wishes, only some of which have anything to do with reducing the debt.

But this is the fight Republicans think they can win.

"President Obama's plan has been and still is, More Debt, No Reform," House Majority Leader Eric Cantor said in a press conference Thursday, citing the Bloomberg poll.  "The American people have soundly rejected that."
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« Reply #7 on: October 01, 2013, 05:43:27 pm »

Senate: Shutdown May Persist More Than Two Weeks, Brush Against Debt Ceiling
http://blogs.wsj.com/washwire/2013/10/01/senate-shutdown-may-persist-more-than-two-weeks-brush-against-debt-ceiling/
10/1/13

Don’t expect the government shutdown to end soon.

That was the message Tuesday from Senate Republican leaders and Democratic aides who said there is a growing likelihood that non-essential parts of the federal government remain shuttered for more than two weeks until lawmakers agree on how to increase the debt ceiling.

Senate Minority Leader Mitch McConnell (R., Ky.) and one of his top lieutenants, Sen. John Thune (R., S.D.), both said Tuesday that while they would like to agree on a short-term funding measure before pivoting to the debt ceiling, they believed that the shutdown could very well last until the government is faced with raising or suspending the debt ceiling later this month.

“I’d like to resolve the current issue before we move on to the debt limit, but it’s not clear to me when that gets resolved,” Mr. McConnell said at a press conference after a closed door meeting of Senate Republicans, hours after the shutdown began.

Mr. Thune, a member of the Senate GOP leadership team, said Democrats would like to see the shutdown continue until the debt ceiling is increased. He said he’d prefer to deal with the short-term government funding question separately than the debt ceiling.

Two top Senate Democratic aides also said they thought the two issues would end up dovetailing together, saying that from their perspective the next move was up to House Republicans. Democrats are unlikely to negotiate with Republicans over a short-term government funding bill, so the delay will continue until House Republicans agree to take up a Senate-passed six-week funding bill, the aides said.

“It’s increasingly likely that the two get done together,” one of the aides said. If much of the federal government hadn’t shut down on Tuesday morning and the Senate were in session on Tuesday, senators would likely already be debating the debt ceiling increase, one of the Democratic aides said.

Non-essential parts of the federal government ground to a halt on Tuesday after lawmakers failed to reach agreement on a measure to temporarily extend funding past the Sept. 30 end of the government’s fiscal year.

The House and Senate were in agreement that the current government funding levels should continue, but House Republicans continued to insist that some delay or changes to the health care law must be included. Democrats reject such changes, voting down attempts by Republicans to add such changes on Monday.

The country’s statutory borrowing limit must be increased by about Oct. 17 in order to ensure the Treasury can continue to meet all of its obligations. A short-term partial government shutdown would not impact the timing of the U.S. government’s need to raise or suspend the debt ceiling in a “material way,” a Treasury Department official said Tuesday

President Barack Obama and Senate Majority Leader Harry Reid (D., Nev.) have said they won’t negotiate on the debt ceiling.
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« Reply #8 on: October 10, 2013, 10:27:03 am »

Hegelian Dialectic

Thesis

Antithesis

Synthesis

AP sources: Boehner to ask for short debt increase
http://news.yahoo.com/ap-sources-boehner-ask-short-debt-increase-141543352--finance.html
10/10/13

WASHINGTON (AP) — GOP aides say House Speaker John Boehner will ask House Republicans to approve a short-term extension of the government's ability to borrow to meet its bills.

The Ohio Republican is slated to urge his staunchly conservative GOP colleagues to act before the government runs out of borrowing authority next week.

Republicans have been insistent that budget cuts and other measures be added to the so-called debt ceiling legislation but the aides wouldn't say whether he'll seek to add other material to the measure.

The aides required anonymity to reveal the information before Boehner makes an announcement after a closed-door meeting with his GOP colleagues.
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« Reply #9 on: October 17, 2013, 06:28:25 pm »

There’s no actual debt ceiling right now
10/17/13
http://dailycaller.com/2013/10/17/theres-no-actual-debt-ceiling-right-now/

There’s no actual debt ceiling right now.

The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it.

That means Americans have no idea how much debt their government is going to rack up between now and Feb. 7, when the limits are supposed to go back into place and will have to be raised.

There is no dollar amount set for how much debt the government can accumulate between now and then. The suspension strategy was employed first earlier this year during previous fiscal battles in Congress.

Such tactics infuriate anti-government waste groups.

“Suspending the debt ceiling without a dollar amount is further proof that Congress is taking a major step backward in fiscal responsibility,” David Williams, the president of the Taxpayers Protection Alliance, told TheDC on Thursday. “A real dollar figure is a constant reminder to taxpayers and Congress that the country is broke. This was done to hide the real debt from taxpayers.”

To critics, lawmakers have gotten away with allowing the country to rack up more debt and avoid the threat of default without actually voting for debt limit increase.

The conservative Heritage Foundation has criticized the practice as a “smokescreen.”

“Suspending the debt is less transparent to the American people. It allows Members of Congress to avoid debate on the specific dollar amount increase in the debt limit, making their vote politically much easier to cast,” the organization wrote in October. “A calendar date is not nearly as scary to constituents as a figure in the trillions of dollars.”
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« Reply #10 on: October 18, 2013, 07:26:28 pm »

Back to borrowing: US debt springs after ceiling lifted
10/18/13
http://news.yahoo.com/back-borrowing-us-debt-springs-ceiling-lifted-194237855.html

Washington (AFP) - The US Treasury moved quickly to feed the country's appetite for borrowing after an 11th hour political deal lifted the debt ceiling to avoid default, data showed Friday.

Treasury figures showed the government went to the markets for an additional $300 million almost as soon as the $16.7 trillion cap was removed with the signature of President Barack Obama in the wee hours of Thursday morning.

By the end of Thursday, the country's debt had risen to $17.03 trillion, Treasury data showed.

At least part of the rise came with the resumption of the sale of state and local government series securities, which were suspended on May 17 after the $16.7 trillion ceiling was set and the Treasury needed to juggle operations to remain beneath it for as long as possible.

The US needs to borrow increasingly more to bridge a monthly deficit averaging around $60 billion.

But refusal by congressional Republicans to raise the ceiling in order to extract political concessions from their Democratic rivals and the White House almost forced the Treasury into a position of being cash short and defaulting on its obligations, including the debt.

A last-minute political deal late Wednesday averted that possibility, but it stipulated that a fresh cap be instituted on February 7, 2014, leaving room for a new battle of brinksmanship over government finances.
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