Boehner's edited bill fails. - debt ceiling & John Boehner

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Forums > All Posts > Boehner's edited bill fails.

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07-29-2011, 09:54 PM

Zach F
Denton, TX
Posts: 942

After pulling his bill from the floor on Wednesday, Boehner proposed an altered bill which passed the House but failed in the Senate. He failed to reach across the aisle at all as every Dem voted against it in the Senate along with a whole bunch of Reps. The deadline for default is less than a week away. Is any action better than no action at this point? Will party politics doom us?

07-30-2011, 07:08 AM

Schmidt
Colorado Springs, CO
Posts: 1058

The path forward is still unclear. With the Boehner House Republican bill now dead in the Senate, the Reid bill is the only bill that is currently active. According to Bloomberg, "Senate Majority Leader Harry Reid revised his debt-limit proposal to adopt a two-step procedure modeled after one proposed by Minority Leader Mitch McConnell that would let the president raise the ceiling in two steps unless a supermajority of Congress blocked it."

But then according to the Hill, McConnell is insisting on a 60 vote filibuster threshold to pass it, although it is unclear if McConnell is really filibustering it. "Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) late Friday night clashed over when to vote on Reid's debt ceiling plan, as McConnell said Republicans would support an immediate vote, but Reid objected to the Republican demand for a 60-vote threshold for passage."

McConnell's actions on "filibustering" is another delaying tactic, and it now means that instead of voting last night, the earliest that the Senate could invoke cloture and vote on the revised Reid bill is Sunday morning. That delay gives time for Boehner to make a political point. Fuming from the rejection of his bill in the Senate, Boehner is planning a Saturday afternoon vote on Reid's bill to effectively preempt it before it goes to a vote in the Senate.

So on Sunday morning the Senate could be voting on a bill that has already been rejected in the House. Tit for tat as the August 2nd date approaches.

I suppose if the Reid bill is dead in the water in the House, then time is running out to do a deal that could then be voted on in both the House and Senate and still make the August 2nd deadline. Ultimately what we might be getting is the clean bill for raising the debt ceiling on Tuesday night, just as Lawrence O'Donnell predicted would ultimately happen. A clean bill without spending cuts or revenue increases, was of course, already defeated in the House on June 1st. That vote was laregly symbolic, but if that vote was to again take place on the night of August 2nd, maybe it would pass. It would take all 193 Democrats and 23 moderate Republicans to reach the 50 percent majority for passage in the House. The Senate would be a different story. If McConnell filibusters it, it would take 51 Democrats, 2 Independents and 7 moderate Republicans to pass it.

If that isn't possible, then we'll get what the Tea Party has been licking their chops over...a shutdown of many government programs while all remaining revenue is diverted to paying off maturing bond obligations....unless Obama invokes the 14th Amendment remedy for which the House will immediately start impeachment proceedings against Obama.

01-15-2012, 12:15 AM

Mr.H.W.
Not Selected
Posts: 3

fas

01-16-2012, 08:15 AM

Schmidt
Colorado Springs, CO
Posts: 1058

Mr. H.W. -- the fas link doesn't work. Did you mean to link to the Financial Accounting Standards Board website? It of course covers much more than debt.

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