Halle-f*ckin-lujah: Debt Ceiling Compromise. {Info, Video}

Via elephant journal
on Jul 31, 2011
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It’s about time.

“We’re not done yet.” ~ President Obama

The lowest level of spending since I Like Ike. Tea Partiers hate the deal. Dems fear it. So…for both sides…it can’t be all bad. That’s compromise!

Tea Party Freshman Republicans can still upset deal.

“Much damage to US financial stability reputation has already been done internationally.”

“Both sides gave more than they wanted to give.”

“President Barack Obama says a deal has been reached to raise the government’s debt ceiling and avoid a default. He said the deal includes more than $2 trillion in gradual spending cuts and no initial cuts to Social Security and Medicare.”

In the end, it came down to Democrats holding a firm line: that cuts must come equally from the military side, not just domestic (Social Security, Medicare). Details here. Excerpt via NY Times:

Markets reacted favorably to the announcement. Asian markets jumped on news of the deal. The Nikkei was up 1.7 percent in early trading; the dollar rose about 1.4 percent against the Japanese yen.

The agreement came after a day of wrangling over Pentagon cuts, and it still must win majority support in the Senate and the House, with the House providing a particular challenge...

…The tense, last-minute negotiations were taking place against a backdrop of uncertainty, with a looming threat of a costly downgrade of the nation’s credit rating and with investors worried about the global economic impact of a possible default.

President Obama, on the compromise:

“[it will] allow us to avoid default and end the crisis that Washington imposed on the rest of America…It ensures also that we will not face this same kind of crisis again in six months, or eight months, or 12 months,” he said. “And it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy.”

From two days ago:


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5 Responses to “Halle-f*ckin-lujah: Debt Ceiling Compromise. {Info, Video}”

  1. Ahhhhh, good thing tomorrow's Monday cuz we've all got work to do!

  2. elephantjournal says:

    Ava Cresanta Especially the f*ckin part.
    55 minutes ago · LikeUnlike · 2 peopleLoading…
    Angie O Genesis oh good. Let's all breathe a moment.
    54 minutes ago · LikeUnlike · 1 personLoading…
    Dianne Rohr WEEEEELLLLL. SORTA. . . . .
    53 minutes ago · LikeUnlike
    elephantjournal.com Well, read the fine print. It ain't in the bag yet… W.
    53 minutes ago · LikeUnlike
    Angie O Genesis I know. It never is.
    52 minutes ago · LikeUnlike
    El Tortugo What a bunch of f*ck faces!
    50 minutes ago · LikeUnlike · 1 personLoading…
    Danbo Thirstblood yes, more debt! because that's how you run your personal finances right?
    50 minutes ago · LikeUnlike
    El Tortugo http://youtu.be/sgpa7wEAz7​I
    48 minutes ago · LikeUnlike
    El Tortugo ‎"if they dont act, then tough cuts get imposed to everyone but them…"
    47 minutes ago · LikeUnlike · 1 personKelly Thompson likes this.
    El Tortugo ‎@Danbo yes, that's how I run my personal finances. Thats the game.
    46 minutes ago · LikeUnlike
    elephantjournal.com Haters gonna hate.
    34 minutes ago · LikeUnlike
    Danbo Thirstblood and if they DO act, then tough cuts get imposed on everyone but them… so what's your point?
    31 minutes ago · LikeUnlike
    Danbo Thirstblood logical fallacy… appeal to emotions. yes, "kill the poor." sad bro
    31 minutes ago · LikeUnlike
    Kelly Thompson It's bullish*t. Shoulda used the 14th amendment.
    31 minutes ago · LikeUnlike · 1 personLoading…
    El Tortugo sad bro indeed!
    28 minutes ago · LikeUnlike
    elephantjournal.com Yah, Kelly, I'm sure that woulda been really popular. The Republicans woulda loved that move.
    26 minutes ago · LikeUnlike
    elephantjournal.com ‎"logical fallacy"…who talks that way? Oh, right: Spock, and geeks on match.com
    25 minutes ago · LikeUnlike · 2 peopleLoading…
    El Tortugo I prefer the Wonder Twins.
    25 minutes ago · UnlikeLike · 1 personLoading…
    Danbo Thirstblood resort to personal attack… you're on a role Oh Enlightened Elephant!
    24 minutes ago · LikeUnlike
    Kelly Thompson I'm over the Repubs so who cares? I consider them criminals who attempted a coup d'atat of our government – in fact, they're not done with their hostile takeover. I've had it with the President and Democrats also.
    21 minutes ago · LikeUnlike · 1 personLoading…
    Danbo Thirstblood ‎"haters gonna hate" – who talks like that? oh right, vanilla ice.
    20 minutes ago · LikeUnlike
    Deanna McMurtrey Wow. Chill the fuck out people! No reason to snipe on each other…
    17 minutes ago · LikeUnlike
    elephantjournal.com ‎"roll"
    16 minutes ago · LikeUnlike
    elephantjournal.com Deanna, it wasn't me! Wanha, wanh! He started it! Why'm I always the one who gets in twubble!
    16 minutes ago · LikeUnlike · 1 personLoading…
    Kelly Thompson We've been f**ked over one too many times. The middle class will revolt. Now we have to watch this pukifyin special Congress bs everyone while they pretend to negotiate the cuts, etc. It's all been pretty much pre-determined. The middle class, poor, and underprivileged LOSE.
    10 minutes ago · LikeUnlike
    El Tortugo I prefer the Wonder Twins.
    3 minutes ago · LikeUnlike
    elephantjournal.com ‎"She talks about revolution in a comment on facebook, then goes back to watching TV."

    Amy Sandberg BoooBama: republican in sheep's clothing!

    elephantjournal.com Amy Sandberg: armchair cynic! Again, if both sides are unhappy, Tea Partiers moreso, I'd love to see any of us hold the slim margin of compromise any better. ~

  3. Zee says:

    you know, the more Obama does, the more I like him

  4. […] Compromise. Nothing says, “I care” like bucking up and doing something that isn’t your cup of tea, but […]

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