Reid: Progress made to resolve political stalemate

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  • migraine Indianapolis, IN
    Oct. 15, 2013 7:35 a.m.

    Republicans need to decide to be responsible stewards again. So much of our financial stability depends on other countries' investors believing we are stable and responsible with our money...yet somehow Congress has decided to run a Mack truck through that credibility. Get your jobs done early enough not to send every international investor into panic mode, people! Just look at how many international money managers (Europe, China, etc.) are making contingency plans for reducing their US investments. Even if here at home we tolerate Congress's games, we are already losing the financial backing of formerly supportive international investors, and we will ALL pay the price through higher interest rates on everything we do or buy in the future.

    Only the GOP has had people advocating for months that a govt shutdown and debt default are somehow "useful" bargaining chips. Dems shouldn't need to make concessions just so that the Reps will open the govt and pay for it.

    If the Reps want to accomplish useful progress, they should spend time writing laws that they can convince both houses of Congress and the President to sign. Otherwise they're just wasting time shouting at the mirror.

  • Riverton Cougar Riverton, UT
    Oct. 14, 2013 10:34 p.m.

    "Actually, the deficit is going down."

    It is now, after it skyrocketed after Obama took office. It took quite a while before it finally started coming down.

  • Lane Myer Salt Lake City, UT
    Oct. 14, 2013 4:23 p.m.

    Tators: " The total federal deficit has gone up 70% in just 5 years. "


    Actually, the deficit is going down. The debt is still rising. There is a difference.

  • Tators Hyrum, UT
    Oct. 14, 2013 2:58 p.m.

    There are no two ways about it. Congress has been addicted to overspending for decades. But it's gotten much worse and out of hand since Obama has taken office. Much, much worse. The total federal deficit has gone up 70% in just 5 years.

    No matter when something substantial is done to address the base problem, it is going to hurt and cause a lot of moaning and whining. No one enjoys sacrificing. Everyone wants the other guy to have to do it. But the longer we wait to address the problem, the worse the hurt is going to be. And it's never going to go away on it's own.

    Some politicians want to keep kicking the can down the road until they get out of office and let someone else worry about it. That's pure selfishness. It won't be easy, no matter what or when action is taken. But the sooner it's addressed, the sooner the healing can begin. Let's bite the bullet and take action now, instead of making things that much worse for our children and grandchildren.

  • Riverton Cougar Riverton, UT
    Oct. 14, 2013 2:17 p.m.

    So when Reid says there is progress being made, does that mean the democrats are getting closer to considering compromise?

  • atl134 Salt Lake City, UT
    Oct. 14, 2013 1:59 p.m.

    The US has other obligations that it can default on like pension or social security payments. Still though, considering all the whining about the National Park closures, that's nothing compared to what smashing in the debt ceiling would require to be cut.

    Oct. 14, 2013 11:00 a.m.


    So please tell us exactly what current obligations should we simply stop paying? We are not talking about new funding with the debt ceiling increase; we are talking about paying for our existing obligations. You cannot simply stop paying your debt because you failed to budget correctly; you have to keep paying your debt or default which means higher interest rates and worse credit. The budget needs to be reduced no doubt but we cannot simply stop making payments on our current obligations.

  • rvalens2 Burley, ID
    Oct. 14, 2013 10:34 a.m.

    Here is an analogy:

    Your family earns $26,000 a month.
    Your interest payments are $2,500 a month.

    The only way you will default on your interest payments (debt) is if you CHOOSE not to pay them and instead decide to spend your money unwisely.

    So who is making a mountain out of a mole hill?

    Answer: Those who would choose not to pay the interest on the U.S. debt (a default) so they can keep overspending.

  • spring street SALT LAKE CITY, UT
    Oct. 14, 2013 9:49 a.m.

    @lost in DC

    thanks once again for telling us democrates what we think. If you have a valid point to make then make it, petty attacks only undermine your arguments.

  • atl134 Salt Lake City, UT
    Oct. 14, 2013 9:49 a.m.

    The Senate can vote on and amend budgets and the White House can veto it. They are using perfectly legitimate power. Reid has allowed many of the House bills to come up, amended them, and sent them back, where Boehner refuses to bring them up.

  • Ltrain St. George, UT
    Oct. 14, 2013 9:25 a.m.

    There will be no default. They have 260 billion coming in every month, and only need 25 billion to pay off the interest. It's all smoke and mirrors. No more baseline budgeting. Make them come up with a budget every year. It's constitutional!!!!!! We'll finally see this debt limit thing for the sham that it is. An excuse to keep overspending.

  • lost in DC West Jordan, UT
    Oct. 14, 2013 8:35 a.m.

    If Lew prioritizes payments following the mandate of the constitution – to protect the full faith and credit of the US government – there CANNOT be a default on the debt. There is plenty of revenue to service the debt PLUS a whole lot more.

    But since Lew is a democrat, and we know the democrats care nothing for the constitution and will never let a good crisis go to waste, we know he will allow a default, since it will do the most damage possible. He said there is no mechanism for prioritizing payments – he’d better start working on one!

  • Mountanman Hayden, ID
    Oct. 14, 2013 7:59 a.m.

    The constitution mandates that the House of Representatives has the "power of the purse" and Obama wants that power for himself. Wisely the House is resisting Obama's power grab. The proof is that the House has sent many funding bills to the Senate and Harry Reid has not allowed one of them to come to vote and Obama has promised he will veto them UNLESS he gets a blank check, no credit limits and unlimited, accountable spending.

  • FDRfan Sugar City, ID
    Oct. 14, 2013 6:59 a.m.

    It's not Obamacare they are after, it is Social Security and Medicare.