Senator Reid just stated he's going to move forward on his bill...

He said, "Cannot wait any longer."

Doesn't matter... still has to go back to the house. Do you honestly think if Boehner cannot get his own party to vote for HIS plan, that they will vote for Reid's? No.

who cares let the corporation pass all the bills they want. Join the Republic and soon their little laws will be crap in which they truly are. Join the republic for the united states of america. Wake up people.

It won't pass. I think the t-baggers have already decided they're going to screw us all over. They won't be happy until they've restored the glory of feudal europe.

LMAO. What republic?? The Tea Party is a JOKE. You should have made this decision as a country at least a DECADE ago. Do you understand it's too late??? GDP reported at 1.3% revised from 1.8% WITH RECORD LOW INTEREST RATES, and after BILLIONS of injections.

The Tea Party stands for political posturing, as do the Democratics and Republicans.

what bill? that mother fucker has nothing on paper. More obama drama

Exactly. Listen up folks, do you honestly think they can come up with a plan now, after 7 MONTHS of talks??

Even Reid's proposal calls for a measly 2.5 trillion in cuts over the next decade. S&P calls for 4 TRILLION MINIMUM just to avoid a downgrade!

People of the US of A, you need to pick, hyper-inflation or a depression. EITHER WAY, your country will experience 1 or 2 decades of stagnation.

fuck you socialist bitch. I am a Tea party Member and we are awake and making a difference.

ALL PARTIES are responsible. This partisan bickering makes me want to vomit, they are playing with the FUTURE of your country.

I'm sure that rim-jobbers like yourself will do all you can to march in poverty stricken Communist USSA to join the NPRK in destitution.

Do you believe everything Daddy Murdoch tells you?

what are you going to do when aug 2nd comes and goes and the world has not ended. this is nothing more than self created obama drama. the elites want more money to spend and you are falling for it.

Move along little sheep. This is the real world; not some Ayn Rand fantasy.

9:49am | Why Reid's filing today.
Reid says given Senate rules, if he doesn't move on a bill by tonight, there won't be time for Congress to pass a bill before midnight Tuesday.


-------------------------------------------------------------​-------------------

9:44am | The Reid plan.
No revenues, $2.4 trillion debt limit increase, joint committee for deficit reduction.

He says CBO has scored his bill as more than $2.4 trillion in cuts, meeting Republican demands.

Reid: The Senate plan is "Our last, best chance to preserve the character and credit of this great nation."



Read more: [link to www.businessinsider.com]

Socialist bitch.. Well let me see, atm, Canada is more conservative then the USA, but then again, you probably couldn't find Canada on a map considering your ignorant remarks.

You have no idea what a real conservative is. You jump on the "tea party bangers" wagon and spew hatred. Fourth Reich in the making, and we know how that worked out for the Nazi's.

What are you going to do when Aug 2 comes and goes and the economy shows us what a real depression looks like? Are you willing to take that risk? Your dogma is pushing us closer and closer to the edge.

BTW, a central tenant of the republican ideology is pumping money to the elites. How else can you explain their rampant obsession with giving them tax breaks, even at the expense of destroying welfare programs and plunging us into even more debt. Hell, they had an aneurism when the topic of changing the depreciation rate of their private jets from 5 years to 7.

This. See, it's funny how the "tea party" suddenly emerges after Bush Jr took a major shit on the economy by spending trillions on wars, but we all seem to forget that fact.

Yes, cutting entitlements is very necessary, however increasing revenues is also necessary. Sorry folks, but you cannot come to 4 trillion in cuts without increasing revenues. Actually, I take that back, you can, however prepare for a "mad max" style america, because those cuts will also take out your military.

It will almost be worth it watching the Tea Party take
the Republican party down with it.

Frankly, folks, I'm still astonished that the congress of these United States is still attempting to tackle the debt crisis on the backs of the middle class.

As an former elected official, it goes against everything I learned.

They need to have a revenue producing side to a bill because even those fixed items in a budget constantly increase in cost. Where do they think they're going to get the money to pay the ever rising costs of those "written in stone" line items let alone any add-ons in future years?

This has eerie similarities to the NAZI party. I'm not sure you really want this to happen. Just a little bit of history repeating..

Frankly, folks, I'm still astonished that the congress of these United States is still attempting to tackle the debt crisis on the backs of the middle class.

As an former elected official, it goes against everything I learned.

They need to have a revenue producing side to a bill because even those fixed items in a budget constantly increase in cost. Where do they think they're going to get the money to pay the ever rising costs of those "written in stone" line items let alone any add-ons in future years?

Cantor is now saying they are a ...handful of votes away from those needed to pass the Boehner plan.

wheres the link for this

The economy is still fragile. Again, there are only two options, Depression or Hyper-inflation. Any economist that isn't issuing paid statements understands this.

That is REALITY. No one wants to discuss the REALITY, they would rather continue living in the land of unicorns and fairies.

As stated in the 30's. There will be a crash, and it will be terrific. This is not hyperbole, this is reality. Martial Law will be instigated because people will be rioting in the streets when their credit cards no longer function to buy basic necessities.

The game is over.

Does Reid even have a plan?

If he did, why wait till the 11th hour to vote on it?

Is it because he's gonna try and sneak something through in it?

Or is it because he didn't have $#*† until 3 am this morning?

Blasphemy, it will never pass the Senate, and we know if it does the modifications that go back to the house will never reach Obama.

What a monumental waste of time all this has been.

Obama was never going to consider any plan that the Republicans put forward. Why didn't they jus skip all these talks etc. and pass a Democratic plan so that he can back to the golf course!