Vote on Debt Plan Delayed: Join the Live Chat
There's still no vote on House Speaker John Boehner's plan to cut the deficit. Could it happen tonight? Stay with us for the breaking news.
Plus, tonight's other headlines.
Scroll down to join the live chat during the program. It's your chance to share your thoughts on tonight's headlines. Keep in mind, you have a better chance of having your comment get past our moderators if you follow our rules.
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This whole debate feels like the people in congress are currently sitting in a room with a time bomb. Each group is sitting in its corner as far from the bomb as possible and talking with those in their corner and yelling at the other corner to do something while the clock is running. Unfortunately the people in their respective corner are fighting about what wire to cut, even though at the moment everyone seems to agree it is the red wire that should be cut. I simply don't understand how some reps keep saying "oh we can still pay the debts." Even if that is true, the truly damaging thing is the loss of our credit rating which with the mere threat of that occurring is enough to send markets into a spiral. But they can continue to fight over what wire to cut, frankly I'm looking for cover as the doom clock counts down.
There is only one way ..and that is a guaranteed way to get out of this mess.
Make the Congress accountable. Since all agree on goal ( cutting deficit), lockup both House and Senate members together to work non-stop until they reach that goal. It is so important that congress should not have time to Sleep and may be even to eat until they resolve. Even the biggest differences are resolved if you they know there is no ESCAPE .... literally.
I like hearing Ron Paul's input.
These Devided States of America.
It's striking that Ron Paul's comments seem the most reasoned in the debate at this juncture.
The story is that Boehner can't get his own party to vote for his bill. The Tea Party is out of control.
Ron Paul got the first audit of the federal reserve in its history! The Fed gave away 16.1 trillion dollars in bailouts from 2007 to now. Ron Paul 2012! restore America!
Isn't it true that Harry Truman has already set the precedent for raising the debt ceiling on his own? I heard that on a reputable TV news program last night (although I don't remember which one).
If so, why is everyone making such a big deal about using that prerogative under article 14?
I do not understand how the objectives of the Democrats and Republcans can be so divergent that we are in a deadlock on this decision.
The sad thing is we were within 20 billion dollars of the most significant reform package in the history of these United States. Instead we have nothing to show for it.
"stay tuned"
nice! most accurate words i think i have heard all day to describe this situation!
If they can raise the debt ceiling as many times in the past as they did when the country was NOT in a deep recessession, there should not be a problem raising it now when we are trying to come out of it. But that would make the president look a little to capable. And the reps can't have that, now can they.
cant the president just raise the debt ceiling other pres. have ,just wondering and also i think the house and senate should be made to wear clown suits twice a week or everyday,they seem amused
It seems to me that: 1) REPs insist on calling the EXPIRATION of a tax regulation a “tax increase”; I don't see it that way. 2) Since many of the upper income Americans who would be most affected by the expiration of the tax cuts are in favor of allowing them to expire, it seems that the REPs are worshipping at the feet of less than 4% of the American people; doesn't sound very democratic. 3) With the REPs’ incredible commitment to standing on the necks of middle income Americans in order to serve this small constituency, how dare they frame their statements with "The American People want…"? 4) The REPs are now calling this constituency "Job producers", but don't job producers get significant tax breaks beyond those defended by the REPs? Also, is it the President's "job" to write budgets?
And the only jobs they are producing are in other countries!
Many of those "job producers" are Democrats. This one crosses party lines.
the big question on many minds must be "can this mess be sorted out in the next week or so" – they kind of have to – they won't make much progress if they don't!
Anything this President does will be fought by both parties because of who he is. Truth. If there was a different President this wouldn't be a issue. Those people in Washington have really been showing their true colors. You can't run a Country based on fear, that's why all this mess is happening. It suppose to be by the people, for the people, And we the people don't want you to sacrifice our living for your pride and self worth.
So true.
Funny...I keep hearing our "wonderful" representatives lambasting the President for not coming up with a plan. Uhhhh....last I heard the public debt is 100% governed by the Congress and ONLY the Congress can up the ante as far as our credit limit is concerned – according to our Constitution. So, regardless of how you feel about the Pres- he's doing the right thing by staying out of it.
Has anyone considered the fact that this "hurry up" mentality just might be smoke and mirrors? Remember the "hurry up give us the money" frantic cries before GW granted wallstreet a trillion dollar gift?
I don't know about you – but I believe all of our lawmakers have lost touch. Maybe a default would wake the "sleeping giant," elected officials would get the boot – and we'd actually get something done.
Retrospect will unbind this rhetoric from our politicians I wish they could just talk to me like a person. I always feel they are talking down to us as if their gift for leading is so immense. I'm an adult so let me have the facts.
Good Night Everyone! "Do the right thing increase the ceiling debt!
Good night everyone. I continue extremely frustrated. We'll hope for the best.
Great coverage tonight, Anderson. It's disappointing nothing is getting done with the debt issue–they still seem to be just throwing around ideas.
I know this will be blasted but could it be that no one in the government wants to raise the debt celing maybe this is a way of cutting not giving and making it look like a mistake or something?
Unbelievable that there isn't a "plan" to end this debate and show the world we are a remarkably intelligent and respectable nation. All parties are an embarrassment.
Good Night everyone. Have a wonderful evening
Thank You Anderson and staff for a wonderful program.
I must admit, I am a sporadic news audience except for your program which I watch faithfully every evening.
Anderson, good night. Sweet dreams.
Thanks AC360 for the reporting of so many differimg opinions on the power struggle in the House with the debt ceiling vote. Very interesting to hear all the views in Congress. Politics can be very annoying and has a tendency to make the real focus "fuzzy". You helped shine the light tonight. Good reporting.
Every serious economist says a balanced budget amendment is bad policy and bad economics. Why dont you guys point that out when the Tea Party guys tout this plan? Had we had a balanced budget amendment in place when we got the Bush Great Recession we would have slid straight into a great depression. Call this nonsense for what it is.
I am going to continue to watch, but i have to say good night to the blog.
Thank you Anderson & Team 360 for a great show tonight.
Good night fellow writers, excellent exchange of views. I wish you all a safe & peaceful tomorrow.
A person’s perception is their reality. Some republicans perceive this to be an opportunity to get “their way” without regard to the deadline. For them it is a win, win. That is to say, some are looking for the “deep” cuts and no new revenue. If they do not receive the deep cuts prior to the deadline, they perceive they are sure to see deep cuts after the deadline. With no vote to increase revenue, by default (no pun intended), the United States will be forced to pick and choose who they will pay…thus the deep cuts.
Rep. Walsh needs to forgo his salary if he's serious about cutting spending. Also, Cut, Cap & Balance is dead, so stop kicking that dead horse, it ain't getting up.
Can someone lest me know what Obama's plan is?
His plan he approved of was the one he and John Boehner were working on his office except the Republicans wouldn't go for the tax increases for the rich and closing tax loop holes. That plan did include some cuts to entitlements and in other areas of spending. It was the "balanced approach". Boehner took it to his caucus but they turned it down.
The plan the 3 Dems and 3 Repubs put together would have passed. It was that Obama came in last minute after everyone thought all were in agreement and insisted on more tax revenues. It was Obama that jettisoned what would have been a done deal.
I havE never heard before tonight that pres. Obama discounted a bipartisan plan on Sunday night. Was Carly Fiona correct? What was the plan?
She is correct. Obama didn't like the compromise.
From below: First of all Obama did admit he made a mistake. Secondly, his no vote never had a chance of shutting gov't down and he knew that, and the country was not trying to come out of a recession! But now these same people who created the debt and raised the debt ceiling numerous times could care less about the country's welfare, just about making Obama a one term president, even if they have to take the country down to do it.
None of them has a plan that will work because that debt have been mishandle for decades. They must increase the debt ceiling whether we like it or not! And that's the truth!
also I am retired army, will I get my pension in which pays my mortgage in September,, called the VA and told me that should the government default, that they will be able to help me along with my bank. What a shame to be forecasting the possibility that I may not be able to cover my mortgage and provide for my family, my belief is shelter, food and clothing come first then anything else is secondary. Fed up with with washington and tea party members
nancy pelosi would have this under control – with all those grandchildren he has – no wonder she has a reasonably good track record at getting people to come to agreements – they act like children and she treats them like children – and it works – who woulda thunk it!
i meant "all those grandchildren She has" – i have always kind of liked ms pelosi's style – she gets difficult things done and makes it look easy
Can Republicans stop lying to the American People?
Can Democrats listen to the facts for once?
Republicans can't listen to the facts and they do things that are pointless. Why do something that won't pass Senate?
Why say its a bipartisan approach when it is clearly not. They have a faction in own party when are founders said stay away from factions. Obama is clearly leading but republicans don't want his leadership and walk out of talks.
The original plan with 3 from each party definitely was bipartisan.
ye the gang of six one I agree
Carly (sp) is right. The tea party people have made significant gains. And, yet they still say NO!
The fact that the Rep's won't take ANY ageement or compromise is mind boggling.
I don't agree that the Rep's are the Only ones who have put forth a plan. It was Speaker Boehner who walked out of the talks with the President, who it is reported, made many concession to the Rep's.
It is the Rep's who keep saying No!
I propose a vote of no confidence on our system.
They can’t pass their own bill in the house now they can’t blame democrats or president
Hello Vic. Your post is indeed right!
that is right, but this shows the the Tea Party is basically trying to shove this bill threw the HOUSE. Once i heard John McCain blast Boehner i knew this was a sign of radical political partisan stubborness that was holding the government up from making a deal.
Party division is getting really ridiculous. STOP!
I am friends with so many republicans and democrats and those not even interested. It is only sa minority who hate. It is hate that brings us here. Please stop.
Just like the big healthcare that got announced, I have no idea about the details. Does anyone understand what happened when they passed the healthcare deal? Wasn't that approved? This is the same thing. A big deal, that has to get done right away, but there's no details? How do we get to this point? Where a deal has to get made. A rush job. With no understanding of the details? I gurantee my sentators and congress members don't know 1/2 the details. Its all a big joke....on us...the people.
Like Robert Kraft from the New England Patriots said last week, "The tax vote is much easier than the NFL/Players strike was." Are you ready for some football?
“ No vote Tonight on debt plan”
Another sad news for the nation , Asian market are open now watch they will struggle