.
Senate Blocks Boehner's Debt Plan: Join the Live Chat
July 29th, 2011
09:45 PM ET

Senate Blocks Boehner's Debt Plan: Join the Live Chat

It's been a dramatic night on Capitol Hill. The House approved Speaker John Boehner's debt plan in a party line vote of 218-210. 22 Republicans voted against the plan. And there was no support from Democrats. The measure then went to the Senate where it was blocked. With four days to go until the debt ceiling deadline, we're no closer to a deal. We'll have the breaking news and look at what's next in negotiations. 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.

Here are some of them:

1) Keep it short (we don't have time to read a "book")
2) Don't write in ALL CAPS (there's no need to yell)
3) Use your real name (first name only is fine)
4) No links
5) Watch your language (keep it G-rated; PG at worst - and that includes $#&*)


Filed under: Live Blog
soundoff (137 Responses)
  1. Terry

    I just want to thank our government for the second time in 1 year making me sweat whether or not my husband will see his paycheck, so my family can pay its bills (because WE pay our debts) an put food on our table. Thanks LEADERLESS BULLIES!!!!!!!

    July 29, 2011 at 10:38 pm |
    • Lori - CA

      Obama did say that he would not raise taxes. Right?

      July 29, 2011 at 10:45 pm |
  2. Nina

    If the President uses the 14th amendment to pay our bills, would that not create a huge inflation?

    July 29, 2011 at 10:38 pm |
    • Grant

      Possibly but he won't let us default even if it ends his career.

      July 29, 2011 at 10:39 pm |
      • Nina

        Agreed! I think he realizes the seriousness of defaulting. I continue to be amazed at how many congressmen minimize the issue of defaulting and losing our AAA rating. I wonder why that is?

        July 29, 2011 at 10:44 pm |
    • Russ from Missouri

      What boggles my mind is how we have been told that increasing our debt limit can solve the problem! If the debt is the problem, and it IS the underlying problem, how does INCREASING the debt limit the solution?

      If we kick this can any further down the road, it will only be bigger and more difficult to recover from. It is like any disease, if we had caught it early, it would be much less painful to cure. If we wait any longer, it could kill our nation.

      July 29, 2011 at 10:44 pm |
      • Nina

        increasing our debt limit can solve the immediate problem. We need to revamp everything. Our government, health care, corporate taxes, etc. I suggest we start with cutting the salaries of all those that work in Congress....

        July 29, 2011 at 10:51 pm |
      • Dean from Michigan

        Most people confuse the national debt with the debt ceiling. National debt is the money we continue to spend and the debt ceiling is simply the authority to pay the bills for what we have already spent.

        July 29, 2011 at 10:51 pm |
      • Cathy

        Continuing to increase the debt ceiling is why we are in this problem. The most serious word is the one we seem to never say; quite simply we are bankrupt.

        July 29, 2011 at 10:54 pm |
    • Josh

      Massive inflation! And not only that, but if anyone commenting on the 14th amendment actually reads it, it is for when the nation is under attack from foreign militaries, not so that you can write yourself a blank check to spend without limit.

      July 29, 2011 at 10:56 pm |
  3. lisal -canada

    fareed's point about prioritizing the timing of paying the creditcard vs reviewing one's spending habits was a point well made – i am finding myself agreeing with a lot of what he is saying this evening

    July 29, 2011 at 10:38 pm |
  4. Starr, formerly know as vincent

    I agree with Fareed. They are holding the country "hostage"!

    Fareed Z. seems to know more about our Democracy than Congress!

    And, he is right, damage has been done to our democracy and the World's respect/opinion of America and our democratic process.

    July 29, 2011 at 10:37 pm |
    • Cathy

      I would not have expected him to side with the more conservative party.

      July 29, 2011 at 10:52 pm |
  5. Russ from Missouri

    As sad as this situation is, I'd rather see America take our lumps now by defaulting, cleaning up our debt situation, and moving forward quickly and positively. The alternative is more of what we've already seen (i.e. currency devaluation and inflation on an escalating basis.) The latter of these two evils is much more harmful long term than the former. At 14+ trillion, why do we continue to kid ourselves?

    July 29, 2011 at 10:37 pm |
  6. Ray Elliott

    American we need to remove all of them in the senate and find adults to do the job.You no that thing most of us don't have.So maybe if thy don't have a job then thy will understand.So i ask all American's we have the power to fire all of them,lets start over ,

    July 29, 2011 at 10:37 pm |
  7. Janis

    Fareed is right. It's a form of extortion by the Tea Party.
    They were elected during a heated time in America.

    July 29, 2011 at 10:36 pm |
    • Sharon Hastings

      Yes, you are right. Fareed is absolutely right as he usually is. I did hear, however, that Jeff Toobin says that the best legal scholars have been debating the 14th ammendment as it relates to this situation, and they say the 14th ammendment does not relate and cannot be used in this case. (Fareed just mentioned that Obama may have to make a unilateral decision under the 14th ammendment)

      July 29, 2011 at 10:41 pm |
  8. Nina

    Even if we do not default and the loans are paid. Do you think for one second that other countries will decide not to invest in the US because of our erratic and unprofessional behavior. How could they ever trust the US with their money?

    July 29, 2011 at 10:35 pm |
    • Cathy

      I'm not sure that trust is the right word, but we seem to remain very involved with China on several fronts in spite of the way they manipulate their currency to keep exports cheap and imports expensive.

      July 29, 2011 at 10:40 pm |
  9. vic , nashville ,tn

    I agree with Fareed

    July 29, 2011 at 10:35 pm |
  10. toshi nobe, san antonio, tex

    The balance budget is the way to bring a sound economic policy for this country in the long run. It's about time that the Fed. Gov. follows the people who live in the states. This is the way to change the culture of American way of life finally after so many years of political leaders who simply spent too much, not knowing how to manage our budget. Get rid of those who cannot change with the times. This sounds straight forward and common sense approach. Bravo to those who are voting for their conscience for America, not Democrats or Republicans.. Harry Reid represents the old tradition that no longer works for our American culture. It is not about the President or Congress...it is our American way of life that gives us security for a long term which is the first priority for all Americans.

    July 29, 2011 at 10:35 pm |
    • clutch brown

      Elected officials better read the third paragraph of the Declaration of Independence. The governed have a duty to act as our government continues to add to " a long train of abuses and usurpations."

      July 29, 2011 at 10:39 pm |
    • Dean from Michigan

      A balanced budget amendment may sound good on face value but it simply isn't practical on the Federal level. States can do it because their expenditures are pretty much cut and dry and they turn to the Federal Government for any emergencies not planned for. The Federal Government, on the other hand, has to allow for possible military actions, national disasters, aid given to states in times of emergency, as well as many other things that simply can't be budgeted because they are fluid and unknown at the time a budget is created.

      July 29, 2011 at 10:41 pm |
      • Sharon Hastings

        Thank you Dean. You are absolutely right. It's not as simple as some of the statements pronounced.

        July 29, 2011 at 10:54 pm |
  11. Starr, formerly know as vincent

    Am i crazy or is the Rep. speaking fully supporting "brinksmanship" and Not the needs of the American people??!

    July 29, 2011 at 10:34 pm |
  12. Brian - Canada

    So here's what I see the US is trying to pass a bill to raise the national debt ceiling to buy some time....lets really look at that, that would be like a couple declaring personal bankrustcy and going right out the next day and asking for more credit....just doesn't work!!!! So how about all of these US politicians forfeit their gold plated pensions and some of their yearly income to help out the US economy? The rich keep getting richer and the poor keep getting poorer.....

    July 29, 2011 at 10:34 pm |
  13. Mike - Las Vegas

    Why didn't the Rushpublicans pass a Balance Budget Amendment when Bush was in power and had majorities in both the House and Senate? They didn't seem concerned about it back then, why are they so concerned about it now?

    July 29, 2011 at 10:33 pm |
    • Jake

      fiscal policy. look it up.

      July 29, 2011 at 10:44 pm |
  14. Nina

    Rep Steve King is naive as if we default, that will give other countries reason to try and kick the Dollar out of the world bank.

    July 29, 2011 at 10:33 pm |
    • Cathy

      I don't think that will happen. We will not have lost all of our power and influence. I agree with those who feel we will not default. Defaulting and a lower credit rating are not one in the same.

      July 29, 2011 at 10:38 pm |
    • Cathy

      Perhaps I have missed it, but I am wondering if we are so opposed to anyone connected to finances that we have not heard their opinion. They would be the experts on effects of AAA, default, etc.

      July 29, 2011 at 10:48 pm |
  15. Emily

    They are going to reach a compromise at the 11th hour, and each one will then blame the other side for the delay and will try and will claim themselves/side to be the hero. I wonder if it will work with the people?

    July 29, 2011 at 10:33 pm |
    • Starr, formerly know as vincent

      Hi Emily. Unlikely. Apparently Congress seems to think that the American people are not too bright.

      July 29, 2011 at 10:42 pm |
  16. Steve Salisbury

    This semi-retired exec/10yr-2timeCombat Marine has had enough. Before we delay any Military or Veteran Payments, let us delay any payments to members of congress or their offices. Next, let us bring all members of congress up on charges of Treason; i.e., financial and global injury to the United States, dereliction of sworn duty, intentional infliction of financial and emotional distress on the People of the United States. Americans need stop drinking the party Kool-Aid and we need fire all of these folks as their tenure reaches conclusion.

    July 29, 2011 at 10:32 pm |
    • Lori - CA

      I hope this does not become a reality

      July 29, 2011 at 10:35 pm |
  17. Carla

    I have been trying to find the Boehner and Reid bills to read but cant seem to find them. Does anyone know where to find what specific cuts were in each bill and what exactly the cut and cap bill spelled out for how to implement a balanced budget ammendment? Its hard to decide if I agree with either without knowing what they actually proposed.

    July 29, 2011 at 10:29 pm |
    • Grant

      Yes, lets hear the plans from both sides, they always talk about transparency as long as they don't have to give it to us.

      July 29, 2011 at 10:35 pm |
  18. Janis

    The things I overhear at espresso bars are not the same thing coming out of the mouths of the GOP and the Tea Party talking head politicians on TV. Alot of locals are upset with the entire party. They aren't talking about the Dems – it's the GOP, all of them. I'm from Idaho – any democrat on any ballot is a rare bird indeed in this state.

    July 29, 2011 at 10:28 pm |
  19. Paula, Colorado

    Interesting debate, Anderson!

    July 29, 2011 at 10:26 pm |
  20. henry allen

    can you get an economists to explain what CC&B bill is so the avg. american can understand, from what i understand we have not had one in years, so what happens if we don't balance

    July 29, 2011 at 10:25 pm |
  21. Emily

    There's a difference between "thinking about it" and being "consumed by it". (re-election).

    July 29, 2011 at 10:25 pm |
  22. Starr, formerly know as vincent

    I agree with another blogger (sorry didn't remember the name), the damage is done.

    American politicians have demonstrated their complete inability to function in an adult fastion. And, Pres. Obama has Not helped the situation.

    July 29, 2011 at 10:23 pm |
  23. Saray

    I'll bet anyone that as much as we are debating this now if it gets resolved in time we'll not talk about it in few weeks. Problem is media has to follow new news. Just look at News Corp scandal. When was it talked about last time. Plus politicians will invent new issues so we focus on them. Round and round we go again.

    July 29, 2011 at 10:23 pm |
  24. Abe

    Two things must happen to solve this crisis. The president must put forward a bill or take a more active role in the negotiations and the the bill that passes must both increase taxes and cut spending.

    July 29, 2011 at 10:23 pm |
  25. Dean from Michigan

    Here's a thought. Wouldn't it be nice if they could suddenly surprise us all and simply vote for a clean bill to raise the ceiling with the promise, as mature and sincere members of Congress, to continue to work towards a more substantial, agreeable long term fix.

    It would renew the world's faith in our system, make our Congress seem much less dysfunctional and maybe, just maybe, let them also get back to all the issues being ignored as the economy continues to decline.

    Don't burst my bubble, dreaming is still something that doesn't need Congressional approval.

    July 29, 2011 at 10:21 pm |
    • Grant

      It's a solid idea afterall the next election is going to be completely centered around this regardless of what the politicians want.

      July 29, 2011 at 10:26 pm |
      • Dean from Michigan

        It's sad, but at this point I don't even care who may be right or wrong. I think we, the public and the politicians, share equal blame for not having a system in place to demand we be listened to or at least to immediately recall ineffective elected officials.

        July 29, 2011 at 10:34 pm |
    • ray

      i said it before and i say it again! the republican, are should i say the tea party are trying to stop health care bill by holding the nation debt hostage. in other words. on money, no funding for the health care bill!!!

      July 29, 2011 at 10:36 pm |
      • Dean from Michigan

        I honestly think that the GOP was so focused on gaining at least one of the governing bodies that they simply didn't see the danger involved in embracing a group that is basically fanatical and operating with tunnel vision. I imagine that the vast majority of them are well intentioned but in essence they are political suicide bombers with reducing spending at any and all costs as their target. Sadly, the American people become nothing more than collateral damage.

        July 29, 2011 at 10:49 pm |
  26. Carla

    What I think the politicians are failing to see is that both parties have lost credibility in this debate. Both still feel that people are 100% with "them". When in reality I think the American people are for policies that will move us forward and protect our future. There is a balance somewhere.

    July 29, 2011 at 10:20 pm |
  27. Emily

    The people are the ones that are going to get hurt in the end ... I find it very surprising that the politicians are putting their careers before the people that they promised to represent...also, I don't recall President Obama Ever putting forth his idea of a plan...very poor for a "leader"...It seems like he was acting like a parent of two children. (Boehner & Reid)

    July 29, 2011 at 10:19 pm |
  28. Gloria, Brooklyn, NY

    Yes, it got to be on record just to say, "I told you so!"

    July 29, 2011 at 10:19 pm |
  29. Gloria, Brooklyn, NY

    Not being able to pay the veterans, should not even be on the table!

    July 29, 2011 at 10:16 pm |
  30. lisal -canada

    if they are playing games they should be ashamed of themselves

    July 29, 2011 at 10:16 pm |
  31. Jake

    One last thing. I don't like to say this, but all the taxes imposed anywhere makes it worse for everyone. Every time Congress interferes with the economy, it gets worse. Taxing the rich will make it worse. There will be a certain point where more taxes will actually mean less revenue for Congress (laffer Curve). Any stimulus bill will not work because the taxes are choking the economy. The entitlement programs, foreign spending, and fiscal spending mostly caused our debt. The economy has to be sped up to bring a surplus to Congress. Don't believe me? Then read your economics textbook and you'll understand why all this is true. I follow fact, not opinion.

    July 29, 2011 at 10:16 pm |
  32. Emily

    Good evening Anderson & Bloggers.
    I think that it's shocking that a plan has not been passed.

    July 29, 2011 at 10:12 pm |
    • Starr, formerly know as vincent

      Hi Emily. I agree. I also feel this is cruel & inhumane treatment of the Amereican people!

      July 29, 2011 at 10:15 pm |
      • Emily

        Hi Starr... Yes, it's very disrespectful and arrogant, isn't it? And putting America's "Triple A" Credit Rating at risk, well playing this blame game is very shallow. It seems like cheap political theater for the American people.

        July 29, 2011 at 10:23 pm |
  33. lisal -canada

    i am looking forward to seeing how much progress they make over the weekend – i am optomistic – i believe there will be progress

    July 29, 2011 at 10:11 pm |
  34. Joan

    Anderson Cooper, did you just say the Republicans are accusing Sen. Reid of stalling his bill as long as possible so it goes down to the wire? OMG, the Republicans wasted over three whole days to get a moot bill through the House which took all that precious time from moving forward in the Senate. Maybe they did it on purpose. Also, the Republicans won't let the Senate vote on the Reid bill in a timely fashion. They filibustred and are are forcing it to wait until Sunday morning. I hope this all comes back to bite the Republicans because they have been the instigators in this whole mess and that's the truth.

    July 29, 2011 at 10:11 pm |
    • Cathy

      The reason it took so long is that Boehner basically already has two parties on his hands, the Republicans and the Tea Party. For that reason I think the criticism of him is a little overdone. The same is true for the Democrats but not to the same extent. This would have been settled days ago if the bipartisan plan of the 6 had been approved. But it was the Tea Party's counterparts in the Democratic Party that in the last hours pushed the President to insist on more revenues.

      July 29, 2011 at 10:18 pm |
  35. vic , nashville ,tn

    Hi Anderson
    Damage is done
    Monday many business will start their “ debt ceiling debate clearance sale”

    July 29, 2011 at 10:10 pm |
    • Starr, formerly know as vincent

      Hi Vic, i agree with you completly. I also apologise i could not remember your name in my last post.

      July 29, 2011 at 10:28 pm |
  36. Sharon Hastings

    I know our Congress is sort of busy right now, but do they have any idea how the American people feel out here on the outside?? or how the whole world is watching, or how we might lose our AAA credit rating, or how the markets are tanking, or how EVEN the people who elected the tea partiers want a compromise???? Go outside and ask the first 6 people on the street what they want.

    July 29, 2011 at 10:09 pm |
    • Grant

      Too add on, both parties keep claiming to speak for the American people. Well let them debate the American people on equal ground and we'll see how tall they stand.

      July 29, 2011 at 10:11 pm |
    • Carla

      I really think you would get at least 3 different answers.

      July 29, 2011 at 10:14 pm |
      • Grant

        Yes but I bet they would be honest answers.

        July 29, 2011 at 10:15 pm |
        • Carla

          100% agree with that.

          July 29, 2011 at 10:17 pm |
    • Starr, formerly know as vincent

      Hi Sharon, excellent post, as always.

      You're very likely right about the people who support the "tea party". I think even they would admit they have had Enough.

      July 29, 2011 at 10:19 pm |
  37. Ronald

    I don't care if they do get something passed. This has been ridiculous, and it's time to vote all incumbents out of office (all parties) and/or march on Washington D.C., and demand they all resign from office.
    You think the "Arab Spring" or the "Tea Party" or the "Obama Care summer townhall meetings" were full outrage? I don't you (Washington) has yet seen outrage from the American public. We are all sick of politics as usual. The only solution appears to be to vote everyone out of office and start all over with a fresh batch of non-politicians. That's my two cents.

    July 29, 2011 at 10:08 pm |
    • MaryBeth

      I completely agree!

      July 29, 2011 at 10:10 pm |
    • Nina

      I agree

      Its just embarrassing and suspect the rest of the world if not gasping because we might default on their loans, are laughing at our spouting rhetorical nonsense

      July 29, 2011 at 10:13 pm |
    • Jake

      I wouldn't suggest it. Usually whenever political people in other countries have been thwarted out by the people, extremists on both sides of the political spectrum have filled in the slots. This has usually caused even more chaos and this has happened more often than you think. I would say take some incumbents out, not all.

      July 29, 2011 at 10:21 pm |
      • Cathy

        I agree. Probably won't happen anyway.

        July 29, 2011 at 10:30 pm |
  38. Lori - CA

    "Fiddeling while Rome burns" really describes this.

    July 29, 2011 at 10:07 pm |
  39. Jake

    Republicans believe that government is too big, medicare being one of the biggest entitlement programs in the country. Some congressmen do not want congress to continue in this path of fiscal policy, they want the debt under control. However, with both sides being extremely stubborn as they are, nothing will get to the white house.

    July 29, 2011 at 10:07 pm |
  40. Janis

    Hello everyone. Anyone doubt US will lose AAA status? No worries...? I think Boehner's American Dream has become a nightmare for him and the rest of us too. Democracy at it's finest. Embarassing.

    July 29, 2011 at 10:06 pm |
  41. Lori - CA

    Hi Anderson! Hi Everyone! Good evening.

    July 29, 2011 at 10:05 pm |
  42. Starr, formerly know as vincent

    Evening Anderson & Team 360.

    Hello blogger friends!

    I am disgusted wiht our Congress, Both sides. They will ALL pay for this "drama" and the fear they are generating in the Country & around the World.

    July 29, 2011 at 10:04 pm |
    • MaryBeth

      Yes, they will! Isn't there an election any time soon?

      July 29, 2011 at 10:06 pm |
      • Starr, formerly know as vincent

        Hi MaryBeth. I agree! I wonder if there is Any way we could have an election or some kind of signifcant Change to the present people in Politics!

        July 29, 2011 at 10:13 pm |
    • Grant

      Maybe it's time for a populous party in the center the two party system has clearly failed.

      July 29, 2011 at 10:06 pm |
      • Starr, formerly know as vincent

        Hi Grant. Agree, a 3rd party of centrists could weild some solid power. I'm tired to this 2 party system too!

        July 29, 2011 at 10:11 pm |
  43. Saray

    Good evening everyone. So Mr. Speaker said today he stuck his neck out and even offered revenue. Last week he said he never offered tax increases to Pres. Does he think we live in the caves and not watch TV?

    July 29, 2011 at 10:03 pm |
  44. Gloria, Brooklyn, NY

    "Such drama at America people expense!"

    July 29, 2011 at 10:03 pm |
  45. Nina

    Good Evening everyone.

    I am tired of hearing John Boehner touting how good he is

    July 29, 2011 at 10:03 pm |
  46. Sharon Hastings

    Good evening everyone. Tick tock tick tock tick tock. Let's get serious.

    July 29, 2011 at 10:02 pm |
  47. MaryBeth

    So....did the Dems block Boehner's plan just because it was Boehner's plan? Or is it really that bad of a plan?

    July 29, 2011 at 10:02 pm |
    • Grant

      I don't know for sure but I think if the Dems had a bigger voice in that legislation the crisis would be over.

      July 29, 2011 at 10:05 pm |
  48. Jake

    It seems to me that Republicans want a bill that has mostly their ideas in it while democrats want a raised debt ceiling along with higher taxes. The problem is that every time Republicans say something on the table, they want to reform or cut medicare first, something the democrats in the Senate and the House just won't allow.

    July 29, 2011 at 10:02 pm |
  49. Paula, Colorado

    Anderson,
    Hi! It's great to see you on.
    The progress/setback over the debt plan isn't surprising, though it is dramatic to watch. Your discussions should be fascinating tonight.

    July 29, 2011 at 10:00 pm |
  50. Gloria, Brooklyn, NY

    Good Evening Everyone! Greetings!

    July 29, 2011 at 10:00 pm |
1 2