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Thursday, Jul 21
2011, 10:16 AM
A day after the White House suggested it might accept a short-term debt ceiling increase as part...
A day after
the White House suggested
it might accept a short-term debt ceiling increase as part of a long-term deficit reduction deal, Democratic "Gang of Six" member Kent Conrad says he's
in favor of a mere 6-month increase
to give more time for a long-term deal to be worked out.
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why not just have wall street tell them what to do and be done with it like always?
21 Jul 2011, 10:19 AM
Talk about kicking the can.
How about raising the ceiling and then coming back in 6 months once the ceiling is being approached again and do it all over?
"Long-term ceiling deals" last as long as Liz Taylor (
21 Jul 2011, 10:22 AM
The 6 months would just be a vacation of sorts for politicians. It'll gather dust for 5.5 months then they'll revisit it, some will complain there isn't enough time and others will throw up all kinds of watered down crap. Then Obama will blame the Republicans, say the country needs to extend a clean debt ceiling into 2013, the press will eat it up and that will be that.
21 Jul 2011, 10:24 AM
But don't the Republicans want to cause a recession in 2012 so Romney bachman perry can be Prez???
21 Jul 2011, 10:27 AM
It would be one thing if a short extension, even one of six months, were coupled with an endorsement in principle of some program of budgetary change (this would establish the framework fro settlement and give time for the negotiation of details) but a simple extension alone simple allows the various sides in this dispute to dig in and intensify the impasse as the re-election season approaches. In other words, such a scenario could well be a recipe for disaster.
21 Jul 2011, 10:34 AM
No matter what....there will be no solution to a problem that is incapable of being solved. How do you go about changing the nature of a politician. Better to try to change the course of the Missouri river.
All I can say is that I hope for another 15% - 20% turnover in both houses next time around.
21 Jul 2011, 01:04 PM
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