CNN's Don Lemon And Rand Paul Clash Over Debt Ceiling (VIDEO)

[BDBoop]

CNN's Don Lemon And Rand Paul Clash Over Debt Ceiling (VIDEO)

Too much fun.

The two clashed again when Lemon asked who Paul thinks will be to blame if the U.S. defaults on its debt obligations. Again, Paul didn't answer the question directly, and, again, Lemon pressed him on it. There was yet another contentious back-and-forth when Lemon asked Paul about whether he understood that the public is frustrated with Washington, and Paul started talking about measures he had introduced in the Senate.

"I don't want talking points, with all due respect, I'm asking you, do you feel the public sentiment in Washington?" Lemon asked. "This isn't a talking point, I'm trying to tell you what we did 30 minutes ago in the Senate," Paul shot back.

 

[waltky]

It ain't over till it over...

How the Debt Deal Could Fall Apart
August 01, 2011 - House passage looms as biggest challenge

"Obama and Leaders Reach Debt Deal," hailed the New York Times."White House, Congressional leaders reach deal," said the Washington Post."Debt deal: Obama, Hill leaders break through," proclaimed Politico. President Obama on one side of the table. Bipartisan Congressional leaders on the other. But even though those sides conducted most of the negotiating, they represent a small percentage of the legislative apparatus that will be asked to approve this package in the next two days.

After weeks of talks, charade votes, heated barbs and exceptional brinksmanship, finishing the deal will come down to mathematics. It's simple, really: 60 votes to clear a filibuster in the Senate and then 51 for final passage. And in the House, the magic number for this exercise is 216. To start, let's look at the House where the legislative lift could prove most challenging.

As of this writing, it's unclear which chamber might try to move the bill first. The measure is potentially loaded up, ready to go in the Senate, riding along in the skeleton of an old bill crafted to modernize the Freedom of Information Act. This piece of legislation already carries extraordinary privileges, skipping toward the front of the parliamentary line and vaulting at least one potential filibuster. But Congressional leaders face a looming deadline of Tuesday night. So it's likely Congressional leaders will choose the easiest course that assures passage of the bill in both chambers. And starting in the Senate might be best under that logic.

Read more: The Hitchhiker

See also:

Some say debt deal won't prevent downgrading of U.S. AAA credit rating
07/31/11 - The U.S. is headed for a downgrade in its credit rating regardless of whether a deal is reached this weekend, according to PIMCO founder and managing director Bill Gross.

When asked by CNN host Ali Velshi on Sunday whether the U.S. deserved to maintain its AAA credit rating Gross said a downgrade from one of the major credit rating agencies is inevitable. "Eventually there's a downgrade coming, it just depends on Moody's, S&P and Fitch and they're very slow-moving," Gross said. "This country has $10-12 trillion worth of outstanding debt. In addition however we've got about $60 trillion worth of liabilities. I call this Debt Man Walking."

Gross said the total liabilities for Medicare, Medicaid and Social Security put the U.S. among the worst countries in the world in terms of total debt. He added that the debt crisis has had negative implications for economic growth, interest rates, financial markets and the dollar.

"Congress has basically proven itself to be dysfunctional and this will carry on for months even if the crisis is basically resolved in the next few days," Gross said, arguing a failure to reach a compromise to raise the debt ceiling would result in delayed payments and a stain on the nation's reputation.

Source

 

[Avorysuds]

Rand Paul owned that guy. That guy, whatever his name is shouldn't even be allowed on TV, he more or less wanted Rand Paul to admit he does not hear the American public or something, what a weird tactic. He says he wants to not get into talking points but used the most basic talking points as questions.

If Rand asked the interviewer if he supports a balanced budget over 7-10 years or not that guy would have been speechless and stunned due to having to either agree with Rand or admit balancing the budget means nothing to him.

The interviewer made “his side” clear and came across as trying to do nothing but point fingers and blame, he even wanted Rand Paul to play that game and Rand was like “LOL, we need a fix, solution, not to play games ” and the dude couldn’t keep up.