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Title: Raising The Debt Limit Post by: Howey on July 12, 2011, 10:22:41 am This topic has beckome so crazy it needs a specific thread...
http://msnbcmob.rd.llnwd.net/video/mobile/n_maddow_karma_110711.mov?n=26548304 Aside from the fact that Republicans got us in this mess, why not do as has been before Title: Re: Raising The Debt Limit Post by: uselesslegs on July 12, 2011, 12:57:27 pm This is ALL about one thing...making Obama a one term President. This particular go round is some candy flinging for the tea baggers, but...it still serves the purpose of slowing any and all recovery. They're taking a real chance that everything up to this point will be shot in the foot if they come out looking bad...but I figure...they're all in at this point...all or nothing at all.
In opposite world, this might have actually been an issue raised by Dems, had McCain won...but I doubt it would have been the carnival that the GOP, hen pecked by the baggers, would have put on. Which ever way this goes finally...it all comes back to political theater for making Obama a one termer. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 03:38:17 pm This is ALL about one thing...making Obama a one term President....it all comes back to political theater for making Obama a one termer. really... i'm sure obama's ego is big enough to believe that...but you...really ? some would think obama's done that to himself and needs no real help in losing the next vote... others think this debt limit shit is to break the backs of those that we are indebted too... while a few believe its just a cycle...that started in the thirties...repeated in the late seventies,early eighties... and now here we are 35 years later doing it again...me...idk only difference this go around is we have, so far, the internet... Title: Re: Raising The Debt Limit Post by: Howey on July 12, 2011, 03:52:06 pm really... i'm sure obama's ego is big enough to believe that...but you...really ? some would think obama's done that to himself and needs no real help in losing the next vote... others think this debt limit shit is to break the backs of those that we are indebted too... while a few believe its just a cycle...that started in the thirties...repeated in the late seventies,early eighties... and now here we are 35 years later doing it again...me...idk only difference this go around is we have, so far, the internet... How big are the egos of Mitch McConnell and Rick Cantor, just two of the many Republicans who've been quoted as specifically saying the goal is to ensure Obama only serves one term? Do you have a credit card? Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 04:23:30 pm How big are the egos of Mitch McConnell and Rick Cantor, just two of the many Republicans who've been quoted as specifically saying the goal is to ensure Obama only serves one term? Do you have a credit card? no...i do not have a credit card also...is that their goal or the goal of the competition... and where does the population fit in on the goal...? are we even considered...or is our way of life a concern to them at all ? and by them...i mean either party... Title: Re: Raising The Debt Limit Post by: Howey on July 12, 2011, 08:12:23 pm You gotta love the huge headline on Drudge.
OBAMA THREATENS TO HOLD BACK SOCIAL SECURITY CHECKS Yeah. Fuckin duh. That's what happens when you refuse to pay back the investors... Title: Re: Raising The Debt Limit Post by: Howey on July 12, 2011, 08:25:25 pm no...i do not have a credit card Well, if you did...you'd know that you have borrowed money in advance to purchase goods. Money loaned at a low interest rate. If you don't pay back the loan on time, I'm not saying default, I'm saying not paying the loan on time, what interest rate do you think you'll be charged, if you can get the loan, that is... Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 08:33:10 pm http://www.usatoday.com/news/washington/2010-08-30-1Asafetynet30_ST_N.htm
http://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/ one in five or six are on the take.... not including unemployement stats ten percent unemployement give or take a smidge...now is that ten percent of the working able ? or ten percent of the country per capita...idk...either way...its still not a big enough number to counter balance the scale...is it ? this country is upside down...same as with the politicians...they are backwards...everyone wants to keep their share... when its not their share...its our share...for them to do with what is right and just for our interests...but for some reason... we don't care as long as we have tv, entertainment, fast fake food...and some one selling us shit we don't need... well...2012 is just around the corner...and the way shit is lining up...something drastic is bound to happen. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 08:38:28 pm Well, if you did...you'd know that you have borrowed money in advance to purchase goods. Money loaned at a low interest rate. If you don't pay back the loan on time, I'm not saying default, I'm saying not paying the loan on time, what interest rate do you think you'll be charged, if you can get the loan, that is... because i choose not to have a credit card doesn't mean i don't understand credit and the system in which it works... and whats the reason behind purchasing goods with borrowed money ?...necessity or want ? Title: Re: Raising The Debt Limit Post by: uselesslegs on July 12, 2011, 08:53:14 pm As far as I can tell, blind ideology doesn't have constituents, until you need them every few years to keep your job. Otherwise, they're silly little people that get in the way of business...political and otherwise. You throw your district a bone once in awhile...smile...and go back to playing the game of king of the mountain.
This stopped being about compromise and what's the overall good for the majority...the second the last legs were kicked out of our protections from predatory capitalism...and a free market that justifies the American dream of having a job and just being part of the equation...was for sell to the lowest bidder. The evidence is all around us. If you want to make money, don't invest here anymore...invest abroad. Don't invest in people...the return isn't as much as you can get from the paper game and manipulating markets. There's been a game that's been played since our inception as a country. The game consists of the few, versus everyone else. And every so often the few arrange for the deck to be stacked in their favor and every so often we reach a tipping point that tanks our country because the few are convinced they deserve to unbalance the economy for their personal gain...country and citizens be damned. It's their "right" as American capitalists. There is no perfect calculation...there is no magical zone that exists where the rich can be unimaginably wealthy and everything else if fine. Yin and Yang exist, even for the economy. There is, however, a middle ground that sorta let's both exist...but neither may see their ultimate personal vision, whatever that entails (mundane or extravagant)...but the rich don't stop being rich...they may just not be King Solomon rich and everyone else may not get that robot butler they wanted...but they're happy they can afford to pay their bills, send their children to school, have medical care and be productive. There has never been a time in our history that the wealthy did not exist...even under the 90 percent tax. They remained rich. They remained more wealthy than the majority of the country. Our economy, in all it's up and downs, never saw the rich become extinct. We have seen everyone else suffer horribly on occasion though through this game. They are/were *THIS* close to seeing the deck stacked completely again in their favor...and Obama (while much more bi-partisan than anyone anticipated) represents probably the one singular entity that can back track or undue the 30 year plus trek to this point in time. Sooooo close, so so close. They can't risk he'll flex or bow up during his last 4 years should he see another term...he's gotta go. If that means you purposely tank the job market or hinder it's growth and create a gazillion non-economy based social issues along the way...so be it. Whatever keeps your eyes on the prize and eliminates one of the few sources that can derail the game. Title: Re: Raising The Debt Limit Post by: ekg on July 12, 2011, 08:54:30 pm really... i'm sure obama's ego is big enough to believe that...but you...really ? some would think obama's done that to himself and needs no real help in losing the next vote... others think this debt limit shit is to break the backs of those that we are indebted too... while a few believe its just a cycle...that started in the thirties...repeated in the late seventies,early eighties... and now here we are 35 years later doing it again...me...idk only difference this go around is we have, so far, the internet... I think when you ask for double the amount of cuts that they were asking for (from 2 trillion to 4 trillion) and say you're happy to do the cutting if they'll just close enough loop holes for oil companies and private jet owners to the tune of a meager $750 Billion in tax raises.. plus allow the Bush tax cut to expire in a cpl years.. and the answer you get is a resounding NO we won't budge an inch! It's pretty clear who's banking on what to happen and why.. The question you have to ask yourself isn't isn't how can you believe this.. it's how can you NOT believe it? Quote First, he wants to get rid of some corporate tax breaks enjoyed by oil and gas companies as well as buyers of corporate jets. Together, those changes might generate close to $50 billion in revenue over 10 years. He also wants to restore some Bush-era tax rates for high-income households -- a move that could raise roughly $700 billion over a decade. The Bush tax cuts are set to expire at the end of 2012. In other words, roughly $750 billion in revenue raisers out of what the president hopes will be a $4 trillion package http://money.cnn.com/2011/07/12/news/economy/debt_ceiling_deal_obama/index.htm?iid=HP_LN&hpt=hp_t1 with all the 'our priority is to make him a one term president' and the absolute foot in every door stopping everything and/or anything from letting this country progress instead of regress, then how is it even a question anymore? Title: Re: Raising The Debt Limit Post by: ekg on July 12, 2011, 09:11:41 pm If that means you purposely tank the job market or hinder it's growth and create a gazillion non-economy based social issues along the way...so be it. Whatever keeps your eyes on the prize and eliminates one of the few sources that can derail the game. exactly.. it's all a game of chess, we all know this.. right now, it's kinda like chess and 'chicken' combined.. there's one or two more plays and checkmate is going to be shouted... but there's a 'chicken' match going on at the same time.. how far do we let it all ride? do we take it to the end and let the country default? or do we do what the 14th says and Obama pay the debts the way the constitution says he has to? who is going to blink fist? Obama, for his part is doing everything he can to make them blink.. They ask for $2 trillion in spending cuts, he gives them $4 Trillion and promises those will be SS and medicare cuts.. AND he even say we're not going to raise a single penny on taxes now, we'll hold off until 2013.. and the ones who we're going to raise them on? They are oil conglomerates who know how to work the system and will wind up getting more money back than what they pay when the loophole is closed.. and yet, they still say no.. after the spending and raises by these same exact people when it was Bush, how is there any question of their goal now? Obama's doing everything he can to make them blink.. but he doesn't see that they've welded their eyes open and cut their lid off so that they will never blink..because the only priority today is to make sure he is a one-term president.. and in not seeing that, Obama will risk his office by turning against his party even more in the hopes of again, making the other side blink.. but they won't, so he will have to.. and then Michelle Bachmann becomes our President and we can watch how taxes on everyone BUT the rich are raised, how the debt ceiling and/or budget are no longer issues to worry about..because all will be paid for with the funds that used to pay for the EPA, SS/Medicare,FEMA and any number of other commie programs.. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 09:22:24 pm playing the some what part of lil mike is gonna be tough...
usingyourleggsless...excellent post... and i agree...the game is...figure out how you can....and do it...for everyone educate yourself however you choose...thats the individual... i suppose nixon is credited with opening up markets with communist nation for public and private gain... but for whatever and whoever the reason...whichever committee sanctioned to rule...allowed business the advantage of finding cheaper labor for product production...outsourcing... and pumped up the american conception of mass consumption...the money they saved was able to be reinvested back into advertising to move more product...thusly devalueing the american workers earning potential...through in a lil nafta...and fuck... don't even look a nato...shit...somewhere sometime it was decided we go global... and that only hurt the average american...oh well...whats done is done...and i see no change in the future...considering obama had control over the house or something for his first two years and couldn't acomplish shit...wtf...oh...we stayed engaged in miltary actions too... fucking insanity Title: Re: Raising The Debt Limit Post by: uselesslegs on July 12, 2011, 09:27:03 pm Good reply and I agree, insanity all around. Everything, as you noted in a round about way, has a potential or definite consequence. We opened trade relations and only the savvy knew what was probably coming. Nafta was not a shining moment for Clinton. The intention was right, but the reality of what would and did happen f'ed us in more ways than one.
Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 09:28:36 pm I think when you ask for double the amount of cuts that they were asking for (from 2 trillion to 4 trillion) and say you're happy to do the cutting if they'll just close enough loop holes for oil companies and private jet owners to the tune of a meager $750 Billion in tax raises.. plus allow the Bush tax cut to expire in a cpl years.. and the answer you get is a resounding NO we won't budge an inch! It's pretty clear who's banking on what to happen and why.. The question you have to ask yourself isn't isn't how can you believe this.. it's how can you NOT believe it? with all the 'our priority is to make him a one term president' and the absolute foot in every door stopping everything and/or anything from letting this country progress instead of regress, then how is it even a question anymore? why wouldn't ask for double...he knows he ain't gonna get it... he's posturing for the public...its a poker game used car deal.... his problem is he was put there by the powers that control and they have informed him of his restrictions...and we watch it and let media leads in a direction that fits there demographic needs and desires for profit...not for the great good and needs of us the viewer... Title: Re: Raising The Debt Limit Post by: betteroffhere on July 12, 2011, 09:47:53 pm Good reply and I agree, insanity all around. Everything, as you noted in a round about way, has a potential or definite consequence. We opened trade relations and only the savvy knew what was probably coming. Nafta was not a shining moment for Clinton. The intention was right, but the reality of what would and did happen f'ed us in more ways than one. and those are accounted for... thats how you postion yourself ahead of everyone else who is a mule... the real estate bubble...it hurt many americans and is still hurting today...but it hurt more foreign investors...they had the rug pulled right out from under them... every game is connected...whether its poker...or a shell game...a con... they rely on similar principals....mostly surrounding greed and promise of better... an incentive of some type...the fundamentals remain the same...and can be easily profited from if one knows whether they are at the cards table or the chess board... however...ignorance is what america has decide to farm in abundance Title: Re: Raising The Debt Limit Post by: Howey on July 13, 2011, 03:29:58 pm For all of his blustering and bufferony, McConnell at last has come to the realization the GOP is to blame for this mess...and will most likely pay dearly
http://thehill.com/blogs/blog-briefing-room/news/171189-mcconnell-gop-wont-take-co-ownership-of-a-bad-economy Title: Re: Raising The Debt Limit Post by: Howey on July 13, 2011, 06:47:11 pm Hmmmm...more Americans want a 50/50 split of spending cuts and revenue increases than any other option.
Why won't Congress listen? Of course, we've been clamboring for a jobs bill for 9 months and they didn't listen. At least today they tried to save the poor endangered incandescent lightbulb from government intrusion! Title: Re: Raising The Debt Limit Post by: ekg on July 14, 2011, 12:12:00 pm why wouldn't ask for double...he knows he ain't gonna get it... he didn't need to ask for double what they were askng for... all he had to do was meet their number, but he didn't.. he went farther than that because he's not stupid and he knows the cuts are needed.. the Gov't is bloated. He knew it was going to be hard to get the people who raised the debt limit 10 times in the last 10 years when it was a (R) president, to raise it for him.. it's the same game the GOP has been playing for a cpl years now.. so he countered their offer with double what they were asking for and less than the tax raises his base was asking for.. at that point, the GOP had won. They would ask for $2trillion in cuts and get $4trillion instead.. and they would only have to close the tax-loopholes for oil companies in 2 years, and let the Bush tax-cut expire next year to the tune of >$1trillion in revenue.. it was a win for them. But they didn't budge, why? If not to ensure Obama's one term, then why? You've mocked Chuck for his belief on the GOP's singular goal here, but you accept that it doesn't matter what Obama asks for, he's not going to get it.. so what gives? ;) Title: Re: Raising The Debt Limit Post by: betteroffhere on July 14, 2011, 06:06:44 pm he didn't need to ask for double what they were askng for... all he had to do was meet their number, but he didn't.. he went farther than that because he's not stupid and he knows the cuts are needed.. the Gov't is bloated. He knew it was going to be hard to get the people who raised the debt limit 10 times in the last 10 years when it was a (R) president, to raise it for him.. it's the same game the GOP has been playing for a cpl years now.. so he countered their offer with double what they were asking for and less than the tax raises his base was asking for.. at that point, the GOP had won. They would ask for $2trillion in cuts and get $4trillion instead.. and they would only have to close the tax-loopholes for oil companies in 2 years, and let the Bush tax-cut expire next year to the tune of >$1trillion in revenue.. it was a win for them. But they didn't budge, why? If not to ensure Obama's one term, then why? You've mocked Chuck for his belief on the GOP's singular goal here, but you accept that it doesn't matter what Obama asks for, he's not going to get it.. so what gives? ;) wow... the first paragraph is telling of YOUR beliefs...what you would imagine to be the perfect answer for the action...could be right...but idk it to be true number two: shouldn't it be hard for any fucking body to get an increase after ten years of the limit being continuiously raised...jesus...in the middle of a nightmare recession also...oh...of course not...the whoever is just out to get him...well of course they are...and it works both ways at all times... with each new proposal or committee etc...everyone is always jockeying for position and leverage... 3. Objection !!!! the defendant, hereby known in this thread as lilboh, which may or may not qualify as a mock, doesn't believe the one being objected can provide evidence of the accusation and request that evidence be entered in, formally and published post haste ! Title: Re: Raising The Debt Limit Post by: Howey on July 14, 2011, 06:54:52 pm wow... the first paragraph is telling of YOUR beliefs...what you would imagine to be the perfect answer for the action...could be right...but.. provide evidence of the accusation and request that evidence be entered in, formally and published post haste ! lilBoh: This country has historically raised the debt ceiling nearly every year for 70 something years. During both Republican and Democratic administrations. Until this year it has always been an affirmative bipartisan vote with minimal dissent. Never has increasing the debt limit been tied to a proposed budget or anything else. Why? Because it's dealing with money we've ALREADY SPENT. Most of which was spent by the Bush administration, btw. If the country doesn't pay for what it has already purchased, our credit rating will go to hell in a handbasket and, as has been warned be EVERYONE IN THE FINANCIAL COMMUNITY. The answer is obvious. Stop the childish posturing, raise the debt limit, and get to work on a new, leaner budget with both spending cuts and revenue gains. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 14, 2011, 07:20:18 pm lilBoh: This country has historically raised the debt ceiling nearly every year for 70 something years. During both Republican and Democratic administrations. Until this year it has always been an affirmative bipartisan vote with minimal dissent. Never has increasing the debt limit been tied to a proposed budget or anything else. Why? Because it's dealing with money we've ALREADY SPENT. Most of which was spent by the Bush administration, btw. If the country doesn't pay for what it has already purchased, our credit rating will go to hell in a handbasket and, as has been warned be EVERYONE IN THE FINANCIAL COMMUNITY. The answer is obvious. Stop the childish posturing, raise the debt limit, and get to work on a new, leaner budget with both spending cuts and revenue gains. revenue gains from where... one in six is on the tax payer tit 20 to 22 million local state and federal empolyees on the tax payer tit... 30 millionish unemployeed... 30 millionish undocumented or illegals in the country having an impact... i pay self employement taxes...thats .159 percent...bam...for medi and ss then income tax on earnings...around tenish percent give or take where the deducutions are allowed... thank goodness i'm poor...i'm only out 26 percent of earnings...for that... i live in florida so i get to avoid state income taxing and in its place is a tax on goods and services... of which is .065 where i am...plus the emmbeded tax on each gallon of fuel i purchase...whats that ? 35 cents to a gallon ? times the number of gallons consumed so i can have earnings...then there's property taxes...municipal,city,blah blah blah i'm poor and bleeding 40 percent of my earnings already... lets go fair tax...with a flat rate...price would either not change or go down...once all the emmbedded taxes are removed... idk...but i do know the current system isn't working for or on my behalf...and shortly won't be working at all Title: Re: Raising The Debt Limit Post by: Howey on July 14, 2011, 07:54:33 pm revenue gains from where? That's easy...and your situation is a perfect example of the problem. You are a small business owner. Not the kind championed by the GOP...they don't want to know about you. Revenue can be increased by cutting out the loopholes afforded the "small" businessmen championed by the GOP, oil subsidies for the oil companies, farm subsidies for the corporate farmers, and a whole lot more. As well as asking the super rich to contribute. Tthey are taxed at the lowest rate in history. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 14, 2011, 09:28:00 pm That's easy...and your situation is a perfect example of the problem. You are a small business owner. Not the kind championed by the GOP...they don't want to know about you. Revenue can be increased by cutting out the loopholes afforded the "small" businessmen championed by the GOP, oil subsidies for the oil companies, farm subsidies for the corporate farmers, and a whole lot more. As well as asking the super rich to contribute. Tthey are taxed at the lowest rate in history. Don't like the fair tax thing huh... keep grinding it out with the same ol system... raise taxes on someone...not stop the madness...just control it i don't think its that easy howie...for the bottom class...sure...they'll get right on that idea but i don't think the numbers would workout to the peoples benefit...but...then again it was the people who allowed this to happen...fear is a great motivator Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 08:23:47 am Don't like the fair tax thing huh... keep grinding it out with the same ol system... raise taxes on someone...not stop the madness...just control it i don't think its that easy howie...for the bottom class...sure...they'll get right on that idea but i don't think the numbers would workout to the peoples benefit...but...then again it was the people who allowed this to happen...fear is a great motivator Since I don't pay taxes theres no reason for me to dislike the fair tax concept. But if you think it was devised to benefit anyone but the rich proponents behind it, you're seriously oot. Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 08:39:38 am Harry Reid's Plan B: Probably to be hurried through soon. Looks like a watered down version of budget cuts that would have probably happened anyhow, and no increased revenue. Think December 2010 all over again...
http://www.washingtonpost.com/business/economy/democrats-bash-cantor-over-debt-talks/2011/07/14/gIQAMDrPEI_story.html Title: Re: Raising The Debt Limit Post by: ekg on July 15, 2011, 09:50:59 am wow... the first paragraph is telling of YOUR beliefs...what you would imagine to be the perfect answer for the action...could be right...but idk it to be true MY Beliefs? you mean the facts? well ok, I'm a bad person because I believe in facts.. you got me. number two: shouldn't it be hard for any fucking body to get an increase after ten years of the limit being continuiously raised...jesus...in the middle of a nightmare recession also...oh...of course not...the whoever is just out to get him...well of course they are...and it works both ways at all times... with each new proposal or committee etc...everyone is always jockeying for position and leverage... of course it should be hard, but it's never been this hard.. ever. It's routine, something that's done without objection every year.. something that's never done with the amout of blackmail and threats as is being done now. the problem is there is a faction in the gov't today that relishes the idea of destroying the country in order to rebuild it. This faction yells "Stop OBama, he's a socialist/Socialism is evil" while holding a sign that says "Obama, keep you hands off my medicare and SS". This same faction raised the debt limit under 'their' president without hesitation.. but when another president, whom they've shouted down as a 'liar' during that presidents address to congress, or who just the other day said the only reason he was elected was because he was an, and I quote.. "articulate black man' and 'white guilt', came into office and put the wars,debts,and previous policies enacted by that other president on the books for the first time (because the wars,the medicare donut hole, and the tax cuts were never put on the books by the Bush admin or congress)..somehow he became the reason for all the debt when that is infact not true... yet this faction wants more than anything to ensure this 'articulate black man' doesn't get elected again by having any sort of economic recovery attached to him.. Nightmare recession indeed.. but that doesn't negate the extortion going on today by a select few who do not wish to see any progress being made.. and who in fact will profit if there is no progress made more so than they would is there was progress.. but having this person as the mouth-piece of their 'discussion on compromise' is somehow NOT counterproductive... 3. Objection !!!! the defendant, hereby known in this thread as lilboh, which may or may not qualify as a mock, doesn't believe the one being objected can provide evidence of the accusation and request that evidence be entered in, formally and published post haste ! I believe you are the one who referred yourself as taking on lilmike's side of things, thus you are the reason for the nickname.. playing the some what part of lil mike is gonna be tough... you opened the door to your nickname in this thread.. and you also mocked Chuck by saying.. really... i'm sure obama's ego is big enough to believe that...but you...really ? so objection overruled. ;) Title: Re: Raising The Debt Limit Post by: uselesslegs on July 15, 2011, 11:13:16 am What I will never understand, is this desire to justify, encourage and support the detriment of the nations citizens (any nation's citizens) and by proxy it's economic stability, under (or for) the notion that seeking to enrich exponentially...no limits...somehow has no real consequences within the dynamic of a finite reality.
Unless people are fond of feudal systems, I can't wrap my head around why individuals would support and even help promote the continued downgrade of their own lives. Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 11:28:41 am What I will never understand, is this desire to justify, encourage and support the detriment of the nations citizens (any nation's citizens) and by proxy it's economic stability, under (or for) the notion that seeking to enrich exponentially...no limits...somehow has no real consequences within the dynamic of a finite reality. Unless people are fond of feudal systems, I can't wrap my head around why individuals would support and even help promote the continued downgrade of their own lives. It's unfortunate, but as I've noted many times before, there's a large percentage of our citizenry who lack the...for lack of a better word - intelligence - to know what's happening. Much like the feudal people of the past, they don't understand that what the overloads are promising them is not for their own good. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 15, 2011, 03:32:22 pm MY Beliefs? you mean the facts? well ok, I'm a bad person because I believe in facts.. you got me. of course it should be hard, but it's never been this hard.. ever. It's routine, something that's done without objection every year.. something that's never done with the amout of blackmail and threats as is being done now. the problem is there is a faction in the gov't today that relishes the idea of destroying the country in order to rebuild it. This faction yells "Stop OBama, he's a socialist/Socialism is evil" while holding a sign that says "Obama, keep you hands off my medicare and SS". This same faction raised the debt limit under 'their' president without hesitation.. but when another president, whom they've shouted down as a 'liar' during that presidents address to congress, or who just the other day said the only reason he was elected was because he was an, and I quote.. "articulate black man' and 'white guilt', came into office and put the wars,debts,and previous policies enacted by that other president on the books for the first time (because the wars,the medicare donut hole, and the tax cuts were never put on the books by the Bush admin or congress)..somehow he became the reason for all the debt when that is infact not true... yet this faction wants more than anything to ensure this 'articulate black man' doesn't get elected again by having any sort of economic recovery attached to him.. Nightmare recession indeed.. but that doesn't negate the extortion going on today by a select few who do not wish to see any progress being made.. and who in fact will profit if there is no progress made more so than they would is there was progress.. but having this person as the mouth-piece of their 'discussion on compromise' is somehow NOT counterproductive... I believe you are the one who referred yourself as taking on lilmike's side of things, thus you are the reason for the nickname.. you opened the door to your nickname in this thread.. and you also mocked Chuck by saying.. so objection overruled. ;) OH....ok then....sounds good to me i'll but that for a quarter... yikes ! Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 04:17:56 pm I'm disappointed. lilMike would never give in that easy. ;)
Title: Re: Raising The Debt Limit Post by: betteroffhere on July 15, 2011, 04:24:10 pm Since I don't pay taxes theres no reason for me to dislike the fair tax concept. But if you think it was devised to benefit anyone but the rich proponents behind it, you're seriously oot. liar.... you pay taxes....may not be income taxes...but you pay taxes they are embedded... fuel...for example has embedded taxes...along with all other consumables outside of food do you own your home ?...property taxes sales taxes... have anything of value....tangible asset tax did you retire form the navy ? were injured in the navy ? and given disability ? given your 58 years on the planet...how many of the adult working years have been made possible off the tit of the tax payers ? just curious !!! Title: Re: Raising The Debt Limit Post by: betteroffhere on July 15, 2011, 04:43:12 pm I'm disappointed. lilMike would never give in that easy. ;) i have different goals than lilmikey besides...she has the right to see what whe wants...interput what she sees however she wishes too... while i don't agree with her...i'm not gonna take a stand to battle to the death over it...fuck that... she knows what she wrote doesn't make sense...i just have to learn how to navigate this river... i'll get there....or i won't...but i'll damn sure eat plenty of fish along the way... the only thing that torked me was the mocking claim...i still don't think i did...and shouldn't it only be up to usinglessleggs to decide if he was mocked...but i guess she needed to defend him inorder to balance the lilboh comment...cause according to her mind...i opened the door...great... so...if the door is opened...then the default position is sling mud...awesome... the value of what she posted has no more worth to me than the few words i responded with... and it was all i could do to muster that...first paragraph was facts....hahahahaaaaaaaaaa Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 05:08:22 pm liar.... you pay taxes....may not be income taxes...but you pay taxes they are embedded... fuel...for example has embedded taxes...along with all other consumables outside of food do you own your home ?...property taxes sales taxes... have anything of value....tangible asset tax did you retire form the navy ? were injured in the navy ? and given disability ? given your 58 years on the planet...how many of the adult working years have been made possible off the tit of the tax payers ? just curious !!! First. You're filling those shoes quite well, just please drop the name calling, k? Yes, I do pay sales tax. No, I do not pay income tax, or property tax. Income tax because retirement incomes aren't taxable, property tax because I'm a 100% disabled veteran. Air Force, thankyouverymuch. No real man joins the Navy.. ;) Now...this is troubling... Are you really saying that disabled veterans are living *off the tit*? Really????? The men and women who fought for your freedom, and those who supported them in that mission, are as you say, *living off the tit*? Holden...you owe me, and all of the veterans of this country, an apology. Postehaste Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 07:02:45 pm given your 58 years on the planet WAIT WTF??? WHY I SHOULD BAN YA RRIGHT NOW... Title: Re: Raising The Debt Limit Post by: ekg on July 15, 2011, 09:00:55 pm What I will never understand, is this desire to justify, encourage and support the detriment of the nations citizens (any nation's citizens) and by proxy it's economic stability, under (or for) the notion that seeking to enrich exponentially...no limits...somehow has no real consequences within the dynamic of a finite reality. Unless people are fond of feudal systems, I can't wrap my head around why individuals would support and even help promote the continued downgrade of their own lives. I think they do like a feudal system.. not for themselves, but for liberals/progressives/dems. They want to live the lives they chose, but force those others to live the live they chose for them also. They want to be the overlords. none of them think it will ever happen to them...End free health care, stop paying people who don't work.. but wait, I didn't mean end my social security and my medicare, or my unemployment.. I meant those other people, you know.. those others.. Stop hurting business with things like minimum wages..but I didn't mean to make me go back to $3 an hour for work, I meant for you to do that to those other people.. get rid of the epa... but hey, you have to keep the water and air clean for me and my land or I cannot survive. stop the gov't from paying out to local communities hit by natural devastation... But not us, we just lost 3 towns to a tornado and we really need those federal funds.. These are actual argument being made by senators,governor,congressmen, and average people..they want others to be forced to live in a type of system where they themselves are in the hierarchy so they can still get what they want Title: Re: Raising The Debt Limit Post by: ekg on July 15, 2011, 09:03:57 pm liar.... heh... it's almost like Mike's standing right here.. :D Title: Re: Raising The Debt Limit Post by: Howey on July 15, 2011, 09:07:48 pm heh... it's almost like Mike's standing right here.. :D HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA! Title: Re: Raising The Debt Limit Post by: ekg on July 15, 2011, 09:15:52 pm i have different goals than lilmikey besides...she has the right to see what whe wants...interput what she sees however she wishes too... while i don't agree with her...i'm not gonna take a stand to battle to the death over it...fuck that... she knows what she wrote doesn't make sense...i just have to learn how to navigate this river... i'll get there....or i won't...but i'll damn sure eat plenty of fish along the way... the only thing that torked me was the mocking claim...i still don't think i did...and shouldn't it only be up to usinglessleggs to decide if he was mocked...but i guess she needed to defend him inorder to balance the lilboh comment...cause according to her mind...i opened the door...great... so...if the door is opened...then the default position is sling mud...awesome... the value of what she posted has no more worth to me than the few words i responded with... and it was all i could do to muster that...first paragraph was facts....hahahahaaaaaaaaaa holy shit dude.. I thought for sure the funny faces would let you know I wasn't being serious and was just playing along with your attempt to play lilmike's part.. my bad. don't worry, you've aced his role.. totally, you've got it down to a freaking tee.. especially the part where you complain about mud slinging, while slinging mud... awesome is right. note to self, do not engage BoH... since the 'vaule' of what I say is worth no more than a few of his words anyway.. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 16, 2011, 03:21:33 am WAIT WTF??? WHY I SHOULD BAN YA RRIGHT NOW... hmm...i thought you were 58...i thought i read it somewhere...maybe i am wrong sorry... as for the name calling...who started with lilboh ? yes..i called you a liar...in jest i knew what you meant...but that wasn't what you typed... i expected you to point out what you had meant...not start with the stop the name calling...sheesh and i owe the miltary disabled nothing...i just asked a series of questions...you are the one who made a leap... 90 percent of my posts are in jest... as for EKG...i don't understand smiley faces...i see them...but usually think the person using them are doing it because they are proud of their thought...i missed a class on etiquette that day i suppose... while the majority of my posts are in jest...and hard to determine because i don't use smiley faces or 789... i could see where their would be an issue... when i first tried to join in here in this area of the bored...howie quickly pointed out i lack facts and this area appeared to be all about facts...or references that meet qualifications of acceptance...i duly noted that and left... then...lilmike was ran off...or left...depending on your/my position...so...i decided to to once again play... but this isn't my playground...i'm out of my element here...now both of you are pissed and i was just looking for some interaction and fun so you two and chuck wouldn't get bored...and hopefully howie wouldn't shut this place down... and in one thread i've managed to fuck that up...so...to all and for everything....i am sorry... farewell...it has been an experience Title: Re: Raising The Debt Limit Post by: ekg on July 16, 2011, 01:46:51 pm hmm...i thought you were 58...i thought i read it somewhere...maybe i am wrong sorry... as for the name calling...who started with lilboh ? yes..i called you a liar...in jest i knew what you meant...but that wasn't what you typed... i expected you to point out what you had meant...not start with the stop the name calling...sheesh and i owe the miltary disabled nothing...i just asked a series of questions...you are the one who made a leap... 90 percent of my posts are in jest... as for EKG...i don't understand smiley faces...i see them...but usually think the person using them are doing it because they are proud of their thought...i missed a class on etiquette that day i suppose... while the majority of my posts are in jest...and hard to determine because i don't use smiley faces or 789... i could see where their would be an issue... when i first tried to join in here in this area of the bored...howie quickly pointed out i lack facts and this area appeared to be all about facts...or references that meet qualifications of acceptance...i duly noted that and left... then...lilmike was ran off...or left...depending on your/my position...so...i decided to to once again play... but this isn't my playground...i'm out of my element here...now both of you are pissed and i was just looking for some interaction and fun so you two and chuck wouldn't get bored...and hopefully howie wouldn't shut this place down... and in one thread i've managed to fuck that up...so...to all and for everything....i am sorry... farewell...it has been an experience wow... did you just channel Mary K or what? You were having some fun, I was having some fun back... for whatever reason though, even with the smiley faces that you don't understand, you assumed I was being malicious for malicious' sake.. so how about this, assume otherwise 1st and then jump to I'm just being a bitch. If you're clearly playing.. then assume I am also clearly playing.. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 16, 2011, 03:08:32 pm wow... did you just channel Mary K or what? You were having some fun, I was having some fun back... for whatever reason though, even with the smiley faces that you don't understand, you assumed I was being malicious for malicious' sake.. so how about this, assume otherwise 1st and then jump to I'm just being a bitch. If you're clearly playing.. then assume I am also clearly playing.. i am but a reflection of all i can channel anyone i have had experiences with... and...if acting the part of lilmikey....i have to assume you are being malicious... i think the maryK comment was totally uncalled for....and reprehensible....that was my first i'm leaving... there should be at least ten i'm leavings before you can play the maryK card... is what i would say if i read what you had to say....and we were to have an imaginary conversation Title: Re: Raising The Debt Limit Post by: Howey on July 16, 2011, 04:03:20 pm there should be at least ten i'm leavings before you can play the maryK card... Hahahaha! This is why you're a keeper. Title: Re: Raising The Debt Limit Post by: Howey on July 16, 2011, 07:47:42 pm Huh. I guess she's reading our forum. :D
http://thehill.com/blogs/floor-action/house/171807-sheila-jackson-lee-suggests-congress-complicating-debt-ceiling-because-obama-is-black Title: Re: Raising The Debt Limit Post by: ekg on July 25, 2011, 07:31:07 am well huh... who would have ever thought the dems would give in.. *rollseyes*
Quote Reid Pitches Final Deficit Deal Without Revenues WASHINGTON -- After another round of failed negotiations with Republicans over the weekend, Senate Majority Leader Harry Reid (D-Nev.) on Sunday night laid out Democratic leaders' latest — and likely final — proposal for a deficit reduction deal: $2.7 trillion in cuts, a debt ceiling hike through the end of 2012 and no revenues. The proposal "meets Republicans' two major criteria," Reid said in a statement. It includes enough spending cuts to meet or exceed the amount of a debt ceiling raise through the end of 2012, and it doesn't includes any of the new revenues Democrats have been pushing for. "We hope Speaker Boehner will abandon his 'my way or the highway' approach, and join us in forging a bipartisan compromise along these lines," Reid said. http://www.huffingtonpost.com/2011/07/24/reid-pitches-final-deficit-_n_908221.html Of course Bohener will abandon his 'my way/highway/ approach.. you literally gave him everything he asked for and then some.. all spending cuts on the working class and poor and not a single penny from the wealthiest in this country.. what's left to give them? A promise that Obama won't run again in 2012? who cares that pretty much all economists say that a plan without revenue is destruction waiting to happen... gotta please Grover Norquest and the Tea-people..I guess this means unemployment will go down next month since all those 'job-creators' are getting the much deserved break that they've never had under this president.. I wonder how many more times the GOP can use them, the 'job-creators' to rape this country while they, the 'job-creators' don't do shit for creating a single job? seems they've been using them for about 3 years now to get their way 100% and they're still not doing anything to help the economy.. so what will be next on the docket? Gotta end Roe V Wade or the 'job-creators' can't create jobs? Got to end the epa so the 'job-creators' can create jobs...? wait... stupid! I forgot.. I already know this answer... Chuck and I have been talking about it for awhile.. got to end the minimum wage and benefit packages of workers...not too mention abolishing OSHA.. we've no choice.. those 'job-creators' can't create jobs under the stress of having to pay people,insure them and make sure the work-environment is safe... and while we're at it, lets get rid of that whole 'can't work children' stuff too.. How can the 'job-creator' hire people if they can't hire 12 year olds!!! besides that, how can a family live if their 12 year old is the only one who can get a job, but he isn't allowed to... think of the kids man.. and let's end all this minimum wage/minimum age stuff.. on a serious note... wtf is the point anymore? Title: Re: Raising The Debt Limit Post by: Howey on July 25, 2011, 07:50:47 am on a serious note... wtf is the point anymore? I just heard Boehner say he's not satisfied with that plan...not enough cuts, and they only want it to be a year so we'll all have to go through it again before the elections. ::) Title: Re: Raising The Debt Limit Post by: Howey on July 25, 2011, 08:09:33 am Scary shit...
http://www.nytimes.com/2011/07/24/opinion/24kristof.html?_r=1&ref=opinion Quote If China or Iran threatened our national credit rating and tried to drive up our interest rates, or if they sought to damage our education system, we would erupt in outrage. Well, wake up to the national security threat. Only it’s not coming from abroad, but from our own domestic extremists. We tend to think of national security narrowly as the risk of a military or terrorist attack. But national security is about protecting our people and our national strength — and the blunt truth is that the biggest threat to America’s national security this summer doesn’t come from China, Iran or any other foreign power. It comes from budget machinations, and budget maniacs, at home. House Republicans start from a legitimate concern about rising long-term debt. Politicians are usually focused only on short-term issues, so it would be commendable to see the Tea Party wing of the Republican Party seriously focused on containing long-term debt. But on this issue, many House Republicans aren’t serious, they’re just obsessive in a destructive way. Title: Re: Raising The Debt Limit Post by: Howey on July 25, 2011, 10:11:36 am I just heard Boehner say he's not satisfied with that plan...not enough cuts, and they only want it to be a year so we'll all have to go through it again before the elections. ::) Yup (http://www.whitehouse.gov/blog/2011/07/25/some-republicans-congress-once-argued-against-short-term-solutions-they-were-right) Note: This is from a blog, so there are those who won't consider it credible. It's also c/p'd word for word (emphasis added is mine) and placed within quotes, therefore claims of plagiarism, one would think, are moot. ::) Quote Some Republicans in Congress Once Argued Against Short-Term Solutions - They Were Right Posted by Dan Pfeiffer on July 25, 2011 at 08:00 AM ED Despite warnings that a short-term extension could lead to a credit downgrade and higher interest rates resulting in a tax increase on every American, Republicans in Congress continue to push for a “my way or the highway” solution that could put our credit rating at risk and leave the cloud of uncertainty over the American people. In June, House Majority Leader Cantor “Was Explicit That He Wants A Single Debt Ceiling Vote For This Congress - Not A Series Of Short-Term Extensions.” Now House Republicans are arguing that we should adopt multiple short term solutions that would leave that cloud of uncertainty hanging over our economy continually for the next two years, if not longer. Indeed, before they were for a short term solution, it turns out they were against it for the very same reasons President Obama believes it is the wrong approach. As recently as earlier this month, Republicans in Congress expressed concern about the impact of a short term solution. Here are a few examples: Rep. Cantor, 6/22/11: Cantor "Pushed Back Hard" On Notion of Short Term Debt Limit Increase. "House Majority Leader Eric Cantor pushed back hard Tuesday against Senate Republican suggestions of a scaled-back, short-term debt deal, saying it's 'crunch time' in White House budget talks and 'if we can't make the tough decisions now, why... would [we] be making those tough decisions later. I don't see how multiple votes on a debt ceiling increase can help get us to where we want to go,' the Virginia Republican told reporters. 'It is my preference that we do this thing one time.... Putting off tough decisions is not what people want in this town.'" [Politico, 6/22/11] Rep. Cantor, 6/13/11: “Was Explicit That He Wants A Single Debt Ceiling Vote For This Congress - Not A Series Of Short-Term Extensions, As Some Have Suggested…’We Are Looking To Try And Achieve Real Reforms, Real Reduction In Spending, So That We Can Accomplish This And Hopefully Get To A Better Economic Outlook,’ Cantor Said.” “Tuesday’s budget meeting is just one of three planned this week by Vice President Joe Biden. And returning from a weeklong recess, House Majority Leader Eric Cantor spoke bluntly of seeing a ‘very sick economy’ at home in Virginia and the need to address the debt issue before the financial markets ‘make this decision for us.’ ‘We feel very strongly that one of the reasons why we continue to see an ailing economy is that people have very little confidence, have very little certainty in terms of where we are headed,’ Cantor told reporters. He was explicit that he wants a single debt ceiling vote for this Congress - not a series of short-term extensions, as some have suggested. But much depends, too, he said, on the final deal between Obama and Speaker John Boehner (R-Ohio). ‘We are looking to try and achieve real reforms, real reduction in spending, so that we can accomplish this and hopefully get to a better economic outlook,’ Cantor said. ‘Because if you don’t, if you just check the box and raise the debt ceiling, I believe the markets take care of it for you. Interest rates will skyrocket, and there will be no way for us to see any return to growth anytime soon. We will have to raise taxes and the rest. No one wants that.’” [Politico.com, 6/13/11] Rep. McCarthy, 6/24/11: "Shied Away From The Idea Of A Short-Term Solution." "McCarthy shied away from the idea of a short-term solution or a temporary debt ceiling increase in order to buy time on reaching an agreement on entitlement reforms." [The Hill, 6/24/11] Rep. Camp, 6/21/11: "House Ways and Means Committee Chairman Dave Camp (R-Mich.) also shot down a short-term increase. 'It doesn’t give you certainty,' Camp said. 'Ideally you’d like to get that settled and not have it continually a hanging-over issue.'" [The Hill, 6/22/11] Sen. McConnell, 6/22/11: “[Sen.] McConnell Declined To Call For A Short-Term Increase In The Debt Ceiling When Reporters Asked Him About It Tuesday. ‘We Are Still Hoping For A Very Large Package That Will Impress The Ratings Agencies, Impress Foreign Countries And Astonish The American People…” “McConnell declined to call for a short-term increase in the debt ceiling when reporters asked him about it Tuesday. ‘We are still hoping for a very large package that will impress the ratings agencies, impress foreign countries and astonish the American people that we’re actually going to come together here and take advantage of this terrific opportunity that’s provided by the president’s request of us to raise the debt ceiling,’ McConnell said. ‘Beyond that I’m not prepared to go, because there are all kind of moving parts underneath those general principles.’ A GOP aide said McConnell’s statement over the weekend was meant to show that Republicans would not accept a bad deal in exchange for raising the debt ceiling. The aide acknowledged that it could be difficult to even pass a short-term increase in the House and emphasized that McConnell wants big cuts and a long-term deal.” [The Hill, 6/22/11] Dan Pfeiffer is White House Communications Director Title: Re: Raising The Debt Limit Post by: Howey on July 25, 2011, 10:20:23 am Damn. Even those crazy Brits "get" it. (http://www.cnbc.com/id/43871279)
Quote LONDON - Right-wing "nutters" in the United States Congress holding up a deal to prevent a catastrophic debt default are a greater risk to the global financial system than problems in the euro zone, a British minister said Sunday. Business Secretary Vince Cable said "irresponsible" people who had been gleefully anticipating the collapse of the euro currency had been confounded after European leaders agreed a second rescue package for debt-stricken Greece last week. "The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American congress rather than the euro zone," he told BBC television. Title: Re: Raising The Debt Limit Post by: uselesslegs on July 25, 2011, 12:51:45 pm I find it very odd that business flourished and produced wealthy people, from the 50's through the end of the 90's DESPITE MUCH higher taxes all through out. The middle class came into existence, people lived better lives than ever before and the economy was healthy, even during up and down spurts.
Now the notion that even lower taxes, with controlled spending at the expense of even more Government workers being laid off, will somehow be picked up by industry in the form of jobs, jobs, jobs and not further affect the economy...is ludicrous. Where is the slightest hint that this is true within the last 10 plus years? This isn't about dealing with reality, this is about a segment of society that has a particular view of the Government and it's role in our lives...and making that view a reality with blunt measures, regardless of the havoc, continued stagnation, and unnecessary further economic decline that is being ignored to do so. There is a problem, but that's where their attention to detail ends. The multiple elephants in the room are being ignored for ideology. They will suck us down a whole that will take another 20 years to get out of. Title: Re: Raising The Debt Limit Post by: Howey on July 25, 2011, 01:04:27 pm well huh... who would have ever thought the dems would give in.. *rollseyes* Wait. I've read Reid's plan: http://www.washingtonpost.com/business/economy/boehner-hints-at-a-unilateral-debt-plan-geithner-shoots-down-short-term-options/2011/07/24/gIQAR0HAXI_story.html THAT'S EXACTLY WHAT THE REPUBLICANS WANTED TO BEGIN WITH!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And now the pubs don't want it? Looks like someone's bluff is being called, and the end result ain't gonna be pretty for the Republican Party... Meanwhile, worldwide market's are crashing... http://www.huffingtonpost.com/2011/07/25/debt-ceiling-stock-market_n_908351.html Title: Re: Raising The Debt Limit Post by: betteroffhere on July 25, 2011, 05:05:47 pm I find it very odd that business flourished and produced wealthy people, from the 50's through the end of the 90's DESPITE MUCH higher taxes all through out. The middle class came into existence, people lived better lives than ever before and the economy was healthy, even during up and down spurts. Now the notion that even lower taxes, with controlled spending at the expense of even more Government workers being laid off, will somehow be picked up by industry in the form of jobs, jobs, jobs and not further affect the economy...is ludicrous. Where is the slightest hint that this is true within the last 10 plus years? This isn't about dealing with reality, this is about a segment of society that has a particular view of the Government and it's role in our lives...and making that view a reality with blunt measures, regardless of the havoc, continued stagnation, and unnecessary further economic decline that is being ignored to do so. There is a problem, but that's where their attention to detail ends. The multiple elephants in the room are being ignored for ideology. They will suck us down a whole that will take another 20 years to get out of. it about a goal...who's goal i'm not sure...what the over all goal is again...i'm not sure... but it looks as though destabilization is a strong part of it...on a world wide level... if the nfl lockout hadn't come to an end...i was ready to predict we are being groomed for a worldwide electro-magnetic-pulse demonstration...in an attempt to reset the world in 2012 back to the simple days... Title: Re: Raising The Debt Limit Post by: Howey on July 25, 2011, 08:27:55 pm Wait. I've read Reid's plan: http://www.washingtonpost.com/business/economy/boehner-hints-at-a-unilateral-debt-plan-geithner-shoots-down-short-term-options/2011/07/24/gIQAR0HAXI_story.html THAT'S EXACTLY WHAT THE REPUBLICANS WANTED TO BEGIN WITH!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And now the pubs don't want it? Looks like someone's bluff is being called, and the end result ain't gonna be pretty for the Republican Party... Meanwhile, worldwide market's are crashing... http://www.huffingtonpost.com/2011/07/25/debt-ceiling-stock-market_n_908351.html Cantor puts foot in big jewish mouth... http://www.youtube.com/watch?v=qp5LYeCbiHE&feature=player_embedded Title: Re: Raising The Debt Limit Post by: FooFa on July 26, 2011, 01:27:25 pm The spending cuts or that debate in my view is tantamount to repairing a shingle on a roof that's collapsed. Any and all foreign aid should have been eliminated years ago as well as hundreds of programs that exist to keep institutions afloat such as the vocational rehab programs. Like the bailout that bush started actually ended up costing every tax payer and those not old enough yet to be in debt for about 168.00. Title: Re: Raising The Debt Limit Post by: betteroffhere on July 26, 2011, 04:18:27 pm foreign aid...a wonderful umbrella phrase...with deep meaning
which is right next to deep shit...and deep six.... i think its perfectly normal that we borrow money to loan...or give away to other countries struggling... its much like how i go about making or influencing friends... i break out the check book!!! Title: Re: Raising The Debt Limit Post by: Howey on July 26, 2011, 05:53:11 pm foreign aid...a wonderful umbrella phrase...with deep meaning which is right next to deep shit...and deep six.... i think its perfectly normal that we borrow money to loan...or give away to other countries struggling... its much like how i go about making or influencing friends... i break out the check book!!! You must be lurking on Shannon's FB page. :D Every country provides aid to less fortunate countries. Like everything else in life, I wouldn't say that's a bad thing, as long as it's done in moderation. It's incredible that "charity" has joined "teacher" and "first responder" as negative phrases... NOT done in moderation was the Bush administration's borrowing money from China to fight two unnecessary wars. Never in the history of this country have the following occurred: a. Borrowing money from another country to fight a war, and b. Having a war not result in a booming economy... Title: Re: Raising The Debt Limit Post by: Howey on July 26, 2011, 06:28:55 pm How much will downgrading our credit rating cost?
http://thinkprogress.org/economy/2011/07/26/279827/u-s-downgrade-would-cost-100-billion-a-year-wiping-out-any-deficit-reduction/ Quote The financial website Zero Hedge reports that the cost of the U.S. debt being downgraded from our current AAA rating would be a whopping $100 billion a year. That’s according to JP Morgan Chase expert Terry Belton who spoke to reporters on a conference call this morning. In short, even if the U.S. does not default, a downgrade alone “will offset any beneficial impact from any deficit reduction that will have to happen for the debt ceiling to be increased.” Belton predicted that a downgrade would cause “a permanent increase in borrowing costs,” which will make it more costly for consumers and businesses to borrow money, risking another recession. Title: Re: Raising The Debt Limit Post by: FooFa on July 26, 2011, 09:04:43 pm I think you already know this but the point was living within our means and not being against helping others. The foolishness going on in Washington right now is not even considering the overwhelming majority of people's wishes for the country. The people want out of wars and into jobs and infrastructure, affordable health care and to be able to grow god damn vegetables without being harassed or called a terrorist if they question anything. |