NYT: Breaking News: Obama Rejects Republican Proposal for Short-Term Debt Limit Plan (updated)

[cal04]

Obama Rejects G.O.P. Offer of Short-Term Debt Limit Plan

President Obama on Thursday rejected a proposal from politically besieged House Republican leaders to extend the nation’s borrowing authority for six weeks because it would not also reopen the government. Yet both parties saw it as the first break in Republicans’ brinkmanship and a step toward a fiscal truce.

Twenty Republicans, led by Speaker John A. Boehner, went to the White House at Mr. Obama’s invitation after a day of fine-tuning their offer to increase the Treasury Department’s authority to borrow money to pay existing obligations through Nov. 22. In exchange, they sought the president’s commitment to negotiate a deal for long-term deficit reduction and a tax overhaul.

Mr. Boehner and his colleagues left after about an hour and a half without speaking to waiting reporters.
http://www.nytimes.com/2013/10/11/us/politics/debt-limit-debate.html?_r=0

CNN
House Majority Leader Eric Cantor tells CNN that House Republican leaders "had a very useful meeting" with President Obama.
http://www.cnn.com/

Obama, House Republicans Do Not Reach Debt Limit Deal
http://www.huffingtonpost.com/2013/10/10/obama-republicans-debt-limit_n_4081228.html?ncid=edlinkusaolp00000003
The White House says President Barack Obama and Republican leaders reached no specific determination on how to end the partial government shutdown or raise the nation's debt ceiling. The White House, however, described the meeting as good and said Obama looked forward to progress.

[rbrnmw]

1. Good for him they are assholes!!!

President Obama is right to refuse their bs

[Robbins]

2. Great news

Stand tall mr president.

[DireStrike]

3. Thank god.

[Scurrilous]

4. Good on him!

[grantcart]

5. Great

[MirrorAshes]

6. Hell yes. Hold the line! n/t

[kestrel91316]

7. Good. Mr. President, hold fast and NEVER negotiate with terrorists.

[spanone]

8. i hope the whitehouse door hit boehner in the ass on his way out

[wryter2000]

15. LMAO

Well put!

[sheshe2]

16. I only wish it could have been

Obama's footprint on his ass that propelled him out that door. Then only then the whitehouse door could give him the last slap.

Thanks spanone~

[spanone]

24. bwahahahahahaaaa

[BrotherIvan]

31. OMG

[JBoy]

35. If it did, it probably looks like this now.

[randome]

36. A brief brush with Orange-Man is all it takes!

[hr][font color="blue"][center]I'm always right. When I'm wrong I admit it.
So then I'm right about being wrong.[/center][/font][hr]

[BumRushDaShow]

9. Got the alert!

[nadinbrzezinski]

10. Good news the Stock Exchange is closed

bad news it will open in the morning. Those 300 points up, just melted. I will leave it at that.

[indepat]

11. What are the effin' Repukes referring to by "tax overhaul?"

[displacedtexan]

27. Tax cuts for the rich. Eom

[indepat]

33. Those effin' sobs never lose their zeal for making the tax code ever more

regressive while concomitantly calling for increases in MIC funding and cuts in the social safety net. Major bastids: those who are harmed by voting for and re-electing these bastids are surely some of the dumbest clucks ever to walk the face of the earth.

[starroute]

38. Worse than that -- they're saying "revenue neutral"

At least that was the term in last week's list of demands. And that means that they can't cut taxes for the rich without raising them on everyone else.

[frazzled]

12. Snap

I thought signaling acceptance for the six-week debt-ceiling deal was a smart move, since there's no way they'd pull another white-knuckle game with that anytime soon. But I couldn't figure out how they would solve the government shutdown issue.

By tying the acceptance of the one to the inclusion of the other, Obama has outmaneuvered them. He'll get both (and hopefully, no further debt-ceiling shenanigans--though there will certainly have to be some budget negotiations).

[WilliamPitt]

13. ...and a HUGE cheer just went up in this house.

Outstanding.

[sufrommich]

14. There better not be one dem breaking rank! nt

[wryter2000]

17. I haven't heard of any

Of course. Lieberman isn't around any longer.

[alcibiades_mystery]

22. I believe sufrommich specified DEM

[wryter2000]

25. You got me there

[Plucketeer]

43. Yeah

DEM - not DUMB.

[sheshe2]

18. Kick ass!

[randome]

19. Nobody likes a loser. This gang is finished.

[hr][font color="blue"][center]I'm always right. When I'm wrong I admit it.
So then I'm right about being wrong.[/center][/font][hr]

[Uncle Joe]

20. Kicked and recommended.

Thanks for the thread, cal.

[kydo]

21. YES!

[alcibiades_mystery]

23. Pound. Fucking. Sand.

Kudos to the President.

[Cha]

26. I'm with him..

http://theobamadiary.com/

mahalo cal

[jsr]

28. Good. Fuck them.

[Warpy]

29. YES!!!

Thank you, Mr. President. Kicking the can down the road for a month would do no one any good, not us but especially not you or this nation.

Keep standing up to the bastards, the rest of us are right here with you.

[kentuck]

30. I support the President.

Enough of the games by the Repugniclans.

[Flatpicker]

32. This is the only way

this can be done.

The Thugs have to be shown that you CANNOT hold the government hostage.

If you accept any deal, it would just enforce the belief that this method works. Then we will see it again and again.

This stops now!

It's time for the Republican party to become so small that we can drown it in a bathtub.

We never wanted this fight, we tried to work with you, gave you too much.
And still you came after us looking for blood.

My hope is that this is the beginning of the new Obama. One who believes that his next few years in office should be used to destroy every conservative principle and pave the way for a 2016 with Democratic control of all parts of the government.

[DCBob]

34. I am sure this was tough call since the debt ceiling is by far more critical than the CR.

I think he is doing the right thing.. but it is a bit risky and will extend the "crisis".

[flamingdem]

49. Figure he knows things we don't

I can't wait for his book in 2016 where he reveals horrific details of his times w the Republicans

6 weeks cannot be accepted, too short, and under threat.

[mwooldri]

37. Obama to Republicans: Nice try, but you got a few answers wrong.

Re-do your homework. Your maths are way off. Come back when you know the answers....

The professor in constitutional law knows what he is doing.

[RayStar]

40. Yes Mr. Obama does

Thanks for this post mwoolfri

[RayStar]

39. YES

Mr. Obama you did the right thing for the people of this country. Boehner is not thinking clearly.

[summerschild]

41. I want to know who believes this crap:

"The Republican proposal could come to a vote as soon as Friday. But the White House and Congressional Democrats remained skeptical that House Republican leaders could pass the proposal. A large faction of Tea Party conservatives campaigned on promises never to vote to increase the nation’s debt limit, and say they do not believe the warnings — including from Republican business allies — that failing to act could provoke a default and economic chaos globally. And House Democrats vowed not to support the proposal without a companion measure to fully fund a government now shuttered for 10 days."

These SOBs should be identified as the ignorant imbeciles they are! They shouldn't even be turned loose with their personal checkbooks. They are DUMB.

[LaPera]

42. Cheers to President Obama!

[wtmusic]

44. Long-term deficit reduction and a tax overhaul?

Sure...raising the highest income tax rate to 70% will work wonders for deficit reduction.

Deal.

[Conium]

45. It isn't just about the creditworthiness of the U.S. government.

Members of Congress should have their names on the line for bills they rang up, too.

Surely they will realize that a debt ceiling law cannot be valid. It conflicts with reason.

Payment is implied and authorized when legislation passed by both Senate and House receives the President's signature. The debt ceiling law is in conflict with almost every other law!

Should the entity they have elected to represent become financially insolvent, responsibility for payment is left to them.

Tell Congress. Pay up and get out!


Disclaimer: I am not a lawyer, but yes, even I realize there are probably at least a dozen ways Members of Congress would weasel their way out of paying for the bills they authorized, so don't bother explaining this to me. However, I know I am right. If these idiots won't go peacefully, vote them out!

[Lamonte]

46. Truth, Fox hates the truth

http://talkingpointsmemo.com/livewire/mccain-to-fox-news-no-the-shutdown-is-the-gop-s-fault-video

[tofuandbeer]

47. Things are mighty sad, when McCain is a voice of reason.

[flamingdem]

48. Repuke IDIOTS

Six freekin' weeks and do it all again? Yeah, right.