The president has said he will not debate or discuss or negotiate with Congress on this one: raising the debt limit.
But, as I understand it, this is the problem: the debt limit is not raised by "default." The people's house, the House of Representatives, you know, the folks that are up for re-election every two years, the folks who control the purse strings, they have to have a bill written ... and with no "effective" speaker in the people's house, there is some doubt that a bill will actually be written in time for the House to vote by November 5, 2015. [My hunch: the date is "fake," anyway.]
President Obama may be "right" again: he will not have to debate or discuss or negotiate with Congress on raising the debt limit because, in fact, there will be no debt limit bill to sign or veto.
So, the new poll: will Congress pass a bill to raise the debt limit by November 5, 2015? Yes, or no.
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New Post-Boom Low
Active rigs:
10/14/2015 | 10/14/2014 | 10/14/2013 | 10/14/2012 | 10/14/2011 | |
---|---|---|---|---|---|
Active Rigs | 66 | 190 | 183 | 192 | 195 |
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Note For The Granddaughters
Our 9-year-old granddaughter reminded me that today she gets out of school at 3:30 (not 2:45) because she has a student council meeting. She is in fourth grade. This is her first year at this school. She is already on student council. Years ago her dad predicted that Olivia would grow up to become dictator of some small country. She's on her way.
Out older granddaughter, a few years ago, while living in Boston, was also active in school / student government. In third or fourth grade, probably fourth grade, the students were complaining that they hardly had enough time to eat lunch. I forget, but I think their lunch period was about 15 minutes and they felt they needed a half hour. Our older granddaughter, a fourth grader as I was saying, started a petition to get the school lunch period lengthened. I remember her taking the clipboard with the petition and pages of signatures to school every day. It took her about two weeks to get all the signatures she felt she needed.
She turned the petition in and surprise, surprise! The elementary school principal -- a very, very nice, dedicated young man -- took her seriously and took her petition seriously. He agreed that the lunch period was too short.
The next day he announced that the lunch period would be extended to a full half hour. The students cheered.
But recess would be cut by 15 minutes.
LOL.
That granddaughter lost all interest in student government and has moved on to other endeavors.
Moral of the story: you can't outfox an elementary school principal.
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