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Thread: Republican mainstream flirts with brief default

  1. #101
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Boo Radley View Post
    Exactly what do you think would change here:



    I ahve not argued that we haven't done better with R&D, which has government support, but that there is no need for to change. And there isn't.
    European medical R&D is going downward not upward and we are enacting legislation that mirrors the European medicine model and you wonder whats changing? I dunno, what could possibly be changing? Its going to change, whether you think it needs to or not.

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Boo Radley View Post
    Well, tea party folks are nutters.

    But what we have here are doctors. If we eliminate anyone who has a POV for no other reason than they have one, there is no one we can quote.
    Like you just eliminated doctors that happen to be members of the Tea Party Movement? If that's really the kind of stuff you're going to reach for to close out this argument, then I'm done here. With all due respect, you're not as smart as I thought you were.
    Last edited by Jeezy; 06-09-11 at 03:27 PM.
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  3. #103
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Jeezy View Post
    If that's really the kind of stuff you're going to reach for to close out this argument, then I'm done here.

    Physicians Against Obamacare - Home

    45% Of Doctors Would Consider Quitting If Congress Passes Health Care Overhaul - Investors.com
    Well, the first sentences wa an attempt at humor. Sorry if you didn't laugh.

    But no one suggests that all physicians hold the same opinion. And you will notice, not only is 45% not a majority, they really didn't quit. The point is, the link explained the point I was making.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by OpportunityCost View Post
    European medical R&D is going downward not upward and we are enacting legislation that mirrors the European medicine model and you wonder whats changing? I dunno, what could possibly be changing? Its going to change, whether you think it needs to or not.
    Why is it going down? Aren't you making a leap in thinking it must be due to any single payer system?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  5. #105
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    Re: Republican mainstream flirts with brief default

    I'm not by any stretch an economist but there have to better ways to deal with this.

    Hell there have been a few good ideas pop up here and there on the Forum.

  6. #106
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by PzKfW IVe View Post
    The short version is that we currently borrow money to pay the interest on our debt. Stupid, yes, but that's what we do.
    If we cannot borrow money, it is said, we cannot pay the interest on our debt, and so we default on that debt.

    However, this is not necessarily so. Federal revenue is an order of magnitude higher than our interest payment on the debt, and so there's no way to argue that failing to raise the ceiling -necessarily- leads to a default. It will lead to a default if the status quo is maintained, but, again, that doesn't have to happen.

    Depriving the government of the ability to borrow money means that the government must live within its means and spend no more than the revenue it takes in. That only leads to default if you decide that you'd rather default than cut spending.
    Wait a minute...

    We've heard Speaker Boehner (along with Cantor and McConnell) all decree, "We Are Broke" how many times since February of this year? And yet, he's also said, "We don't have a revenue problem; we have a spending problem." So, which one is it? Are we broke or do we have sufficient funds in the Treasury to pay our debts when the bills come due? You can't have it both ways here.

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Objective Voice View Post
    Wait a minute...

    We've heard Speaker Boehner (along with Cantor and McConnell) all decree, "We Are Broke" how many times since February of this year? And yet, he's also said, "We don't have a revenue problem; we have a spending problem." So, which one is it? Are we broke or do we have sufficient funds in the Treasury to pay our debts when the bills come due? You can't have it both ways here.
    There is no question that the federal government collects revenue. There is no question that this revenue is sufficient to pay for the interest on the debt.
    Thus, there's no question that if we do not raise the debt ceiling and we default, it is because we made the choice to default.
    Not sure what else you need here.

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by PzKfW IVe View Post
    There is no question that the federal government collects revenue. There is no question that this revenue is sufficient to pay for the interest on the debt.
    Thus, there's no question that if we do not raise the debt ceiling and we default, it is because we made the choice to default.
    Not sure what else you need here.
    Do you know how much the government took in in net revenue for 2010?

    How much is the current national debt?

    How much is the interest on that debt?

    Illustration your position providing source data (links please) and you may very well convince me to agree with your position. Otherwise, all we have here from the Right (Boehner and co.) are fear tactics.

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Objective Voice View Post
    1: Do you know how much the government took in in net revenue for 2010?
    2: How much is the current national debt?
    3: How much is the interest on that debt?
    FY2010:
    1: $2161.7B
    2: Irrelevant to the issue
    3: $196.9B
    http://www.cbo.gov/ftpdocs/120xx/doc...les%5B1%5D.pdf

    Note that 1: is an order of magnitude greater than 3:

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Boo Radley View Post
    Are you suggesting they couldn't possibly be correct?
    that's all it takes to qualify as one of your sources, they might be right?

    LOL!

    you're hilarious, syd

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