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    Expect a 45-day or 75-day debt extension

    Expect a 45-day or 75-day debt extension

    Obama may be open to short term debt deal:

    The White House signaled Wednesday that President Obama could accept a short-term deal to raise the debt ceiling, but only if it appeared lawmakers were close to an agreement on a significant deficit reduction plan.

    Obama previously had vowed “I will not sign a 30 day, or 60 day, or 90 day extension.” 

    And I believe he will hold to his word, because he does not want a “read my lips” moment.

    So expect a 45- day or 75-day extension.

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    Comments



     
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    DINORightMarie | July 20, 2011 at 7:16 pm

    Everything out of this man’s mouth has an expiration date. I don’t listen to him anymore. I can’t. The lying and obvious disdain he had for Americans permeates everything he says. “Time to take off the band-aid [little helpless, ignorant kiddies]; time to eat your peas.” He sickens me.

    He won’t sign anything that doesn’t raise the debt ceiling – guaranteed, not conditional on a BBA – or raise taxes. On ME, the not-millionaire, not-billionaire.

    He wants to enslave Americans. That is the only explanation to this stonewalling to real, common-sense solutions to our debt crisis, our jobless economy, that are PROVEN, simple well-known solutions that will satisfy the requirements to control the debt, as required by S&P, Moody’s (who wants the debt ceiling eliminated?!), even China has said that they are concerned with our inability to address the debt.

    Obama is a tyrant.

    Heh. But, to the media it doesn’t matter anyway. A vote and statement as senator about how damaging it is to raise the debt ceiling didn’t make a difference. Why should this?

    I wonder how long it will take the media to ask a Republican president (or official candidate) about going back on a campaign promise.


     
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    BarbaraS | July 20, 2011 at 8:35 pm

    What happens if obama agrees to this temporary extension and spends to the new ceiling? Does anyone think he will make cuts to get us back to the present debt ceiling?


     
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    FrankNitti | July 20, 2011 at 8:39 pm

    i guess he’s folding his cards……the bluff didn’t work


       
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      William A. Jacobson in reply to FrankNitti. | July 20, 2011 at 8:57 pm

      We’ll know soon enough. Not sure he’s folding, just wants to continue the charade of being the reasonable one.


       
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      Kenshu Ani in reply to FrankNitti. | July 20, 2011 at 9:19 pm

      I think it is more like the House just raised the bet and Obama is counting his chips while waiting to see if the Senate calls or raises.

      Counting your own chips? Not a good move when you are bluffing, shows insecurity.

    Protein Wisdom just reported that Sen Jeff Sessions told Mark Levin on his show that the Senate will vote on CCB Saturday.

    http://proteinwisdom.com/?p=29224


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