These are my links for July 28th from 20:53 to 20:57:
- Ron Paul: "Default Is Coming" – Rep. Ron Paul (R-TX) explains why default by inflation is worse than default by not raising the debt ceiling.
Rep. Paul also talks about how the devaluing of the U.S. has led to record prices in gold bullion.
"Default is coming. The only argument that's going on now is how to default, not send the checks out or just print the money. In all countries our size, they always print the money," Paul said.
"They're going to raise the debt limit, and then they're going to print the money, and then they'll default by inflation, and that's much more dangerous than facing up to the facts of what's happening today."
Go and watch the video.
- We’ve Been Played for Saps, Folks: Boehner Bill Will Become Reid Bill – So Dingy Harry can take the Boehner bill and tweak it and rewrite it, make additions to it, take some things out of it, play with it however he wants, and get enough votes from Democrats since it becomes the Reid bill, and then it gets sent back to Boehner in the House looking nothing like his bill, but the rationale for passing the Boehner bill in the House is we've got to do this, the time is up, we're not going to get blamed. So if Reid monkeys around with the bill that he gets from Boehner, and it passes in the Senate, with whatever changes that are not favorable to us, of course, they throw it back in Boehner's lap, and then the pressure is going to be back on Boehner. Okay, do you sign the Reid bill? Do you pass it? Do you get your guys to vote for it and send it to Obama, basically a Democrat bill. That is what a lot of people — and I sign on to the theory, too — this is one of the traps that's being set. The Boehner bill is essentially being used to be a foundation for a nonexistent as of yet Reid bill. And thereby the Boehner bill becomes the Reid bill, therefore Democrat bill all in the absence of an Obama plan. No Obama plan at all in this.
There's no Obama bill. There's nothing set down on paper. So the Reid bill will become the Obama bill.
Rush is correct.
Read it all
- Debt ceiling vote postponed by Boehner, who will try again Friday – Speaker John Boehner postponed the planned House vote on a debt-limit increase late Thursday night, casting new doubt on Congress’ ability to avert a default and further exposing a deep philosophical divide in the Republican Conference.
Four-and-a-half hours after the vote was supposed to begin on the House floor, Republicans announced they would start again in the morning, but the end game remains unclear on this trillion-dollar package. The House Rules Committee was expected to meet later Thursday night to issue a rule that would allow the GOP to bring a new bill to the floor quickly on Friday if the final votes can be secured.
I understand there will be a sweetener added tomorrow, the Balance Budget Amendment in some form.
It might be best to just let the Boehner Plan die, so that Reid will not be able to gut it and return it to the House.