Debt Ceiling Resolution Date/Time Prediction

At this point, I'm not very optimistic at all. If the deadline is met, I am guessing August 1st at 2355 Eastern time complete with some weird ceremony by whomever will try and take the credit for it all.
 
dessert said:
At this point, I'm not very optimistic at all. If the deadline is met, I am guessing August 1st at 2355 Eastern time complete with some weird ceremony by whomever will try and take the credit for it all.
Click to expand...
I'm pessimistic too. I think the mainstream Republicans may find themselves between a rock and a hard place now that the vote on Speaker Boehner's plan has been postponed. Unless they pull together enough votes to pass that plan tomorrow, the Democrats can put forward their plan on Monday, and the non-Tea Party Republicans will be faced with a choice between voting with the Democrats or getting to take the blame for whatever happens if the ceiling isn't raised before Tuesday. If the Boehner plan does go through, then the Democrats will be the ones who get painted into a corner. Either they pass Boehner's plan and the President signs it, and we have to go through the whole mess again before the 2012 election, or they don't, and then the D's are the ones who have to pull a rabbit out of a hat by coming up with a plan that both houses can approve in an extremely short time frame.

Like dessert, I really am starting think this will go literally to the 11th hour—if not beyond.
 
kyounge1956 said:
I'm pessimistic too. .... Either they pass Boehner's plan and the President signs it, and we have to go through the whole mess again before the 2012 election, or they don't, and then the D's are the ones who have to pull a rabbit out of a hat by coming up with a plan that both houses can approve in an extremely short time frame.
Click to expand...

Aren't we already there? The House has already passed a bill, but as I understand it, the D-controlled Senate won't pass it, and The President has said he would veto it.

House passes GOP debt measure; Obama praises compromise plan - CNN

-ERD50
 
Maybe we should add a new predicition: Guess the drop

I think DOW 10,500 by late August.
 
What worries me about this article is not that Steve Jobs can apparently now order a bigger pizza than the President, but that the US seems to be down to pocket change.

I remember reading in a book by Lee Iacocca's about the day when his CFO told him that Chrysler was down to its last $1 million. As Iacocca said, this is like a regular citizen being down to a couple of bucks, some time before pay day.
 
The resolution is easy, actually. Moody's writes a budget, sends it to congress and says, "Pass this today or we drop your credit rate to junk bond status on Monday."
 
TromboneAl said:
The resolution is easy, actually. Moody's writes a budget, sends it to congress and says, "Pass this today or we drop your credit rate to junk bond status on Monday."
Click to expand...

I like that! Hey, if two parties can't agree, sometimes you go to third party arbitration. Let's do it!

-ERD50
 
ERD50 said:
kyounge1956 said:
I'm pessimistic too.(snip)If the Boehner plan does go through, then the Democrats will be the ones who get painted into a corner. Either they pass Boehner's plan and the President signs it, and we have to go through the whole mess again before the 2012 election, or they don't, and then the D's are the ones who have to pull a rabbit out of a hat by coming up with a plan that both houses can approve in an extremely short time frame.

Like dessert, I really am starting think this will go literally to the 11th hour—if not beyond.
Click to expand...

Aren't we already there? The House has already passed a bill, but as I understand it, the D-controlled Senate won't pass it, and The President has said he would veto it.

House passes GOP debt measure; Obama praises compromise plan - CNN

-ERD50
Click to expand...
I had not seen the linked story when I wrote my comment last night. Yes, since the House has passed Speaker Boehner's bill, we are "already there" and the ball is now in the Democrats' court. And now that I've re-read the front page of this thread asking to keep it non-political, that's all I am going to say about that (on this thread).
 
Now they're talking about a compromise vote at 1pm today. If this doesn't work, let's send in Suze Orman. She's usually deals with people who are really stupid and irresponsible with money. Her skills might be useful with this bunch.
 
Apple has more money than the government, and the government's amount is less each day. What day will WE have more than the government?

August 1st, 1300 Eastern time. Just in time to try to dominate the news with your party's spin on the deal.
 
And still in the running per T-Al's pool's rules ("If you think the debt ceiling problem will be resolved before Aug 2, predict the date and time that you think the resolution will be announced."):

Purron: revised to: 6PM Washington, DC time - July 31st.
Arebelspy: Aug 1, 9:55am EST
Bestwifeever: August 1, noon DC time
T-Al: 8/1, 11:20 pm
GregLee: Aug 1, 11:40 PM
dessert: August 1st at 2355 Eastern time
 
Bestwifeever said:
And still in the running per T-Al's pool's rules ("If you think the debt ceiling problem will be resolved before Aug 2, predict the date and time that you think the resolution will be announced."):

Purron: revised to: 6PM Washington, DC time - July 31st.
Arebelspy: Aug 1, 9:55am EST
Bestwifeever: August 1, noon DC time
T-Al: 8/1, 11:20 pm
GregLee: Aug 1, 11:40 PM
dessert: August 1st at 2355 Eastern time
Click to expand...

I think you might be closest Bestwifeever. Looking doubtful it'll be a done deal today.
 
I don't know, Purron, the Yahoo news headlines are now saying a deal is "really" close (vs. "close" half an hour ago)--you've still got an hour plus before the deal needs to be announced (not actually voted on). Get ready for your press conference :).
 
Purron said:
Somewhere I read it's important to resolve this before the markets open in Japan. Made sense to me. Since Japan is ahead of us time wise, I'd say August 1st right before the Japanese markets open.
Click to expand...

Yup. Wherever you read that nailed it. Announced tonight right as the Asian markets opened.

Will likely be voted on tomorrow morning.
 
I'm so relieved. Cleared for a can kickin back end loaded fantasy-AAA sprint up to the new $16.7 trillion debt limit some time in Q1 of 2013. MMMmmmm, that fresh batch of koolaid tastes so good :LOL::LOL:
 
Given the level of comradery and fair play between lawmakers, I'm not breathing a sigh of relief until the President signs it.
 
If this resolution holds, then the winner will be (drum roll): Purron. The news bulletin came on at 5:39 PM PDT (or 8:39 EDT), 7/31/11 on the CBS news.
 
DFW_M5 said:
Given the level of comradery and fair play between lawmakers, I'm not breathing a sigh of relief until the President signs it.
Click to expand...

I'm not breathing a sigh of relief until I actually see the debt coming down. I'm interested in results, not words/proposals/posturing.

I guess it comes from a career in Manufacturing. If it didn't ship, it didn't count.

-ERD50
 
ERD50 said:
I'm not breathing a sigh of relief until I actually see the debt coming down. I'm interested in results, not words/proposals/posturing.

I guess it comes from a career in Manufacturing. If it didn't ship, it didn't count.

-ERD50
Click to expand...


Agree...... and not trying to be political on this post... but the cuts are (as they say) back ended... so neither party was willing to cut a lot out of the next few years budgets... a lot more smoke and mirrors...
 
TromboneAl said:
If this resolution holds, then the winner will be (drum roll): Purron. The news bulletin came on at 5:39 PM PDT (or 8:39 EDT), 7/31/11 on the CBS news.
Click to expand...
Of course, that's another question. When is it resolved?

When both houses reached an agreement in principle?

When the president announced the apparent agreement?

When both full houses of Congress pass it?

When the president signs it?
 
REWahoo said:
Since it isn't finally resolved until the Pres. signs it into law, I see this as the time it's "done" - and it isn't done yet.
Click to expand...

+1
 
ERD50 said:
I'm not breathing a sigh of relief until I actually see the debt coming down. I'm interested in results, not words/proposals/posturing.

I guess it comes from a career in Manufacturing. If it didn't ship, it didn't count.

-ERD50
Click to expand...

LOL, you'll be in the not feeling relief mode for a very long time:facepalm:
 
You must log in or register to reply here.

Similar threads

R
Retirement Date Target Set at Aug/Sept 2025
Replies
4
Views
289
Koolau
Koolau
sengsational
Meditation Resolution
2 3 4
Replies
81
Views
5K
ERD50
E
D
Anyone negotiate a "severance" in non-RIF times?
2
Replies
36
Views
2K
Lorenzo
L
E
Five Years Retired: Lessons Learned
2 3
Replies
52
Views
8K
Gumby
Gumby
2
SS impact; CBO: >50% of tax rcpts needed just to pay interest on debt by 2028
2
Replies
28
Views
3K
scrabbler1
S

Latest posts

Back
Top Bottom