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Senate Debt Ceiling Watch Party — Part V

Live on CSPAN2 now

The Senate vote will be held at 12 noon today.

11:38 – Jon Kyl: Accuses Obama of knowingly destroying the military capacity of the United States with a trigger in this bill that is “Armageddon for the US Military.” Then says he will vote for the bill.

11:24 – Fake roll call.

11:14 – Ayotte: Will not be voting yes because this bill will lead to a downgrade of our debt. The Republicans are harping on the inevitable ratings downgrade pretty hard.

10:58 – Lieberman: People argue that Social Security has a deficit but it doesn’t because of the money we take out when we borrow from it — to pay for Joe’s wars and his corrupt Department of Homeland Security.

10:36 –  Jeff Merkeley: This Obama-Boehner debt deal is estimated to cut between 100,000-300,000 jobs. Isn’t that the wrong direction?  EPI estimates that “there could be 1.8 million fewer jobs and a 0.6 percentage point increase in the unemployment rate in 2012 as a result of abandoning current budget policies.”

10:20 – Orrin Hatch: The President wanted a clean raise in the debt ceiling with no decrease in spending. The Republicans said no. Not true. McConnell offered a clean debt ceiling raise on July 12. Obama rejected it.

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Jane Hamsher

Jane Hamsher

Jane is the founder of Firedoglake.com. Her work has also appeared on the Huffington Post, Alternet and The American Prospect. She’s the author of the best selling book Killer Instinct and has produced such films Natural Born Killers and Permanent Midnight. She lives in Washington DC.
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