The Democrats have passed the Pelosi-Reid-Obama Debt Plan.


Early reports suggest that no Republican voted Aye.

More as I get it.

From Allahpundit:

Update: Final vote: 244-188. It was 242-190 moments before they gaveled it — with every last Republican voting no — but two no votes switched at the last minute and they didn’t say who they were. I assume they’re Blue Dogs, but I’ll check. Either way, for good or ill, this is entirely the Democrats’ baby now.

Yes. Yes, it is.

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No Republican Vote Aye.

zachv Wednesday, January 28th at 6:21PM EST (link)
 

Hope the No "R" vote is seen as No Confidence..nt

USNJIMRET Wednesday, January 28th at 6:28PM EST (link)

Step 1

jimmuy8 Wednesday, January 28th at 6:28PM EST (link)

Done.

Step 2: No media appearance is complete without a mention of the failure of the stimulus to end the recession.

Step 3: Success.

 

Thank You Republicans for voting against obama ARRP

bobojake Wednesday, January 28th at 6:32PM EST (link)

The American Rape and Reaping Plan rapes our great great grand children. It passed but we will remember who tried to destroy this Nation. We the people will take back our government and undo the wrongs of ARRP. Peloski, reid, obama, schummmer dodd, frank destroyed our housing and banking system. The Democrats destroyed the stock market and 401k of the citizens. Yes obama ,schummer, reid, peloski, frank dodd, we will remember very clearly in 2010 what happened today and it will go down in infamy and destroy the democrats.
God Bless America and the crowd responded Amen, Amen, Amen

 

Thank You Republicans for voting against obama ARRP

bobojake Wednesday, January 28th at 6:32PM EST (link)

The American Rape and Reaping Plan rapes our great great grand children. It passed but we will remember who tried to destroy this Nation. We the people will take back our government and undo the wrongs of ARRP. Peloski, reid, obama, schummmer dodd, frank destroyed our housing and banking system. The Democrats destroyed the stock market and 401k of the citizens. Yes obama ,schummer, reid, peloski, frank dodd, we will remember very clearly in 2010 what happened today and it will go down in infamy and destroy the democrats.
God Bless America and the crowd responded Amen, Amen, Amen

 

Just out of curiosity...

csstudent Wednesday, January 28th at 6:33PM EST (link)

How does the Pelosi-Reid-Obama debt plan differ from the Pelosi-Reid-Bush or Hastert-Frist-Bush debt plans that we’ve had for the past 8 years?

Obviously you're not that curious

Neil Stevens Wednesday, January 28th at 6:38PM EST (link)

Why don’t you go read the bills, research them, and get back to us?

Want to run for conservatives? Give.
There Is No Crisis

The point I was trying to make

csstudent Wednesday, January 28th at 7:04PM EST (link)

As a fiscal conservative, I’m very opposed to this bill and am happy that the Republicans in the House have stood up and voted this garbage down. I was trying to make the point that I wish they had been doing this for the past 8 years when the national debt was also growing at a very alarming rate.

See point number 9 here:
http://www.redstate.com/dan_mclaughlin/2009/01/27/ten-lessons-from-the-bush-administration/

You failed to make that point

Neil Stevens Wednesday, January 28th at 7:13PM EST (link)

In fact you’re continuing to fail to make that point.

Do the research and make your point with facts and substance.

Want to run for conservatives? Give.
There Is No Crisis

 

The only point you made csstudent

mbecker908 Wednesday, January 28th at 8:16PM EST (link)

is that you’re an ignorant idiot.

You can’t fight today’s war with old spent weapons. Bush etal are history, get over it. We have a real war to fight with the Dems right now. Being a pusillanimous pinhead doesn’t move the Party forward it just gives reason to people like McCain and Graham and Hatch to “work with Obama”.

You can leave now. You have nothing to offer. Grow up, get a job. Move out of mommy’s house, forget most of everything you’ve been exposed to in college (assuming you’re actually in college and not just a marauding high school kid) grow some cajones and come back in ten years. Or not.

CongressCritter™: Never have so few felt like they were owed so much by so many for so little.

Does the truth hurt that much?

csstudent Wednesday, January 28th at 8:55PM EST (link)

Your statement is a brief summary of why the republicans are a minority in the Congress and why a socialist is now president. It’s a real shame that somebody who wants heretical things like balanced budgets is now an outcast in the republican party.

For the record, I am probably a lot younger than many on this site, but I am out of college now, own a house that I can afford and am successful in my career. I know many people in my age group who are fiscally conservative and want significantly smaller government but simply do not associate those ideas with republicans. I certainly don’t. For example, Ronald Reagan and Bob Dole campaigned on a pledge to eliminate the Department of Education. GWB gave us no child left behind and doubled the size of that department. I think that historically, they have talked about fiscal responsibility but have been very irresponsible when the power was presented to do something about it. That’s why I feel so frustrated now - had they been voting this way over the past 8 years the outcome of the November election would have been very different.

 
 
 
 

Try reading the plan

Vegas_Rick Wednesday, January 28th at 6:38PM EST (link)

There’s even a web site. Typical lefty, too lazy to do a little research.

“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘press on’ has solved and always will solve the problems of the human race.” Calvin Coolidge.

Especially since it's probably csstudent's plan in the first place.

Moe Lane Wednesday, January 28th at 6:41PM EST (link)

If even the Democrats can’t explain it, why do they expect us to?

 

I'm actually a fiscal conservative

csstudent Wednesday, January 28th at 7:06PM EST (link)

and very opposed to the bill. I was just pointing out the hypocrisy of worrying about debt now when spending was also out of control during the Bush administration.

 
 

It's a whole lot bigger!

Brad Smith Wednesday, January 28th at 7:30PM EST (link)

And a fine comment.

Brad Smith
Professor of Law
Capital University Law School
Capital University website
Center for Competitive Politics website

 

It's a whole lot bigger!

Brad Smith Wednesday, January 28th at 7:30PM EST (link)

And a fine comment.

Brad Smith
Professor of Law
Capital University Law School
Capital University website
Center for Competitive Politics website

 

Umm...I'm going to go out on a limb here...

6eorge Jetson Wednesday, January 28th at 8:24PM EST (link)

It’s A LOT BIGGER.

So much for bemoaning $~500 billion dollar deficits. Ahh, for the good ol’ days.


Hold off on that Mammogram for 10 years

I think the official number is higher than that

csstudent Wednesday, January 28th at 8:57PM EST (link)

Actually, if you go to the treasury department’s own web site, the numbers reported for fiscal 2008 are just under a trillion dollars. I know the official number is 455 billion, but I have no idea where that came from.

You can see the official number here but plugging in October 1, 2007 and ending September 30, 2008 which is the governments fiscal year.
http://www.treasurydirect.gov/NP/BPDLogin?application=np

I've spent a good hour looking for some form of reconciliation

6eorge Jetson Wednesday, January 28th at 10:55PM EST (link)

If anyone cares to correct or improve on what I was able to find, please do.

The (positive or negative) income of an entity is not found by differencing the debt at the beginning of the year and the end of the year, as that’s not the entire picture.

Assets = Liabilities (debt) + Equity. For any increase in assets, the corresponding increase in liabilities (debt) is offset.

Per the following investment firm commentary (YMMV)See page 2, paragraph 3

The U.S. federal budget recorded a $164.4 billion deficit in November compared to a $98.2 billion deficit during November 2007. This year’s October and November deficit was only $53.2 billion below the total U.S. Government deficit of $454.8 billion for the entire fiscal year 2008. The projected deficit will be $1.5 trillion inthe next fiscal year ending September 2009, including the $700 billion expense related to the Troubled Asset Relief Program (‘‘TARP’’). However, a large portion of the TARP program is considered to be an investment, not a pure expense, and when any portion of this investment is ultimately recovered; this will reduce the budget deficit in the year any such recovery occurs.

As noted, for Fiscal Year 2008, the US Govt ran a $454.8 billion deficit. Subtracting the $700 billion TARP from the projected FY 2009 deficit, we arrive at an estimated $800 billion deficit, the increase very likely due to the deteriorating economy.

Now, note that much of the TARP involves the purchase of newly issued bank securities that are a legal claim to get our money back before it goes to stockholders (preferred stock), provided the bank doesn’t go bankrupt. As RedState’s own Francis Cianfrocca explains, an investment is different from a bridge or other non-returnable boondoggle.

To be intellectually honest, we should start from the 2008 FY deficit as a baseline, account for an adjustment due to the deteriorating economy (Democrats deserve hell for Fannie/Freddie, but that’s out of scope here), and then rightfully pin the full cost of the stimulus on the Dems. That’s an “unforced error”.


Hold off on that Mammogram for 10 years

 
 
 

Oh no ... not the cliched "hypocrisy" pose again ...

Martin Knight Thursday, January 29th at 9:56AM EST (link)

Wise men all over the world agree that it is better to not persist in error once one discovers that one is in error - even if it would make young sparks like you throw your noses self-righteously in the air and sniff in disdain at the “hypocrisy” of it.



 To me, “consensus” seems to be the process of abandoning all beliefs, principles, values and policies. So it is something in which no one believes and to which no one objects … There are still people in my party who believe in “consensus” politics. I regard them as Quislings, as traitors … I mean it.
      - Margaret Thatcher
NOTE: “consensus” = “Bipartisanship™”/”Centrism™”

 
 

Thank you, House Republicans

JustLeaveMeAlone Wednesday, January 28th at 6:34PM EST (link)

You hung tough, and I salute you. You did the right thing.

Now let’s see the Senate Republicans follow suit.

The House Rs standing up to the Thieves Across The Aisle makes me more hopeful then I’ve felt in weeks. At last, the light at the end of the tunnel doesn’t feel like a train coming at me!

“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson

 

House Republicans are on a roll (nt)

Neil Stevens Wednesday, January 28th at 6:37PM EST (link)

Want to run for conservatives? Give.
There Is No Crisis

 

Wow. Just wow. Very very well done, Mr. Boehner and Mr. Cantor. [nt]

Martin Knight Wednesday, January 28th at 6:38PM EST (link)



 To me, “consensus” seems to be the process of abandoning all beliefs, principles, values and policies. So it is something in which no one believes and to which no one objects … There are still people in my party who believe in “consensus” politics. I regard them as Quislings, as traitors … I mean it.
      - Margaret Thatcher
NOTE: “consensus” = “Bipartisanship™”/”Centrism™”

 

Thank you House Republicans nt

Xasteius Wednesday, January 28th at 6:41PM EST (link)

Don’t leave the party, hijack it back!

Eternal vigilance is the price of freedom.

When I grow up, I don’t want to be Reagan. I want to be Art Chance.
~Aaron Gardner

 

The vote was 244-188, with Republicans unanimous in opposition -WSJ

olsmithie Wednesday, January 28th at 6:50PM EST (link)

This really is HOPE!

Regards

 

Oh, man. To the Rs in Congress:

itrytobenice Wednesday, January 28th at 6:56PM EST (link)

Am I every proud of you guys. Good job!!!

I appreciate you sticking up for us taxpayers.

The problem with America is stupidity. I’m not saying there should be capital punishment for stupidity, but why don’t we just take the safety labels off of everything and let the problem solve itself?

 

Way cool

Lammo Wednesday, January 28th at 7:07PM EST (link)

Now, how do we get the Senate Republicans to fillibuster their half of this monstrosity?

Hey, a guy can dream, can’t he?

ACORN: Association of Criminals Obama Represented in the Nineties. (jupitersuite)

Don’t be so open minded that your brains fall out. (Fr. John Corapi, SOLT)

Crime never takes a holiday. (Dennis J. O’Shea, R.I.P.)

Unlawful is against the law. Illegal is a sick bird. (Ooold joke)

Outside of a dog, a book is a man’s best friend. Inside of a dog it’s too dark to read. (Groucho Marx)

Being a Spending Bill, I Don't Think They Can Filibuster It

IJB Wednesday, January 28th at 9:38PM EST (link)

If they were so inclined, which Senate Republicans clearly *aren’t*.

These guys couldn’t even manage to vote against Holder - does anyone really think they’s Filibuster this so-called “stimulus”?!

At this point, the goal should be to get as many Senate Republicans as possible to vote against this. (That probably means we need to hope we can round up 35 ‘No’ votes. As things stand right now, I fear we’d be lucky to get 30…)

I think all they need is 51...

$peciallist Wednesday, January 28th at 9:42PM EST (link)

For my knowledge sake..

antisocial Wednesday, January 28th at 10:03PM EST (link)

Do we have a fillibuster option at all? If yes we can try to send out a message for fillibuster. If it doesn’t work we won’t be any worse off. If it goes well… nothing like that.

No you can’t - Moe Lane
——————————
The Emperor has no clothes!!!
——————————
Republicans who lost the Crap-and-Raid fight in the House -
Mary Bomo Mac (CA-45)
Mike Castle (DE)
Mark Kirk (IL-10)
Frank A. LoBiondo (NJ-02)
Chris Smith (NJ-04)
Leonard Lance (NJ-07)
John M. McHugh (NY-23)
Dave Reichert (WA-08)

 
 
 

Rush 1 / Obama 0 n/t

cookcountyconservative Wednesday, January 28th at 8:09PM EST (link)

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