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Thread: Republican mainstream flirts with brief default

  1. #111
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Boo Radley View Post
    If we eliminate anyone who has a POV for no other reason than they have one, there is no one we can quote.
    you can always cite whitehouse.gov

    again

  2. #112
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Objective Voice View Post
    How much is the interest on that debt?
    service on the debt, MERE INTEREST ALONE, is fast approaching a perilous ONE TRILLION DOLLARS PER YEAR

    Wave of Debt Payments Facing US Government - General * US * News * Story - CNBC.com

    and with the dangerous direction of the bonds market, that approach is accelerating alarmingly

    China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills | CNSnews.com

    still, the party in power pusillanimously produces no blueprint

    Dems lack budget leadership

    leadership, anyone?

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by donsutherland1 View Post
    From Reuters:



    http://www.reuters.c...E75700720110608

    IMO, this would be a reckless move. First, the amount of spending reductions necessary to immediately balance the budget would wipe out economic growth, therefore, if sustained they would produce a significant self-inflicted national recession.
    After living 3 years of one failed Keynesian Economic policiy after another...........

    ........and you still believe Government Spending equates economic growth.....truely unbeliberalble.
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  4. #114
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Kandahar View Post
    If they don't raise the debt ceiling, it will literally be the stupidest (economic) thing that our Congress has done in 222 years. And that's not an exaggeration.
    Well giving The Most Expensive President in History another credit increase.......

    .....if its not the first......its a close second.
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  5. #115
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by PzKfW IVe View Post
    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:
    How is item #2 irrelevent to the issue at hand? We're talking about the ability for the U.S. Treasury to pay its current debts. If you remove item #2 from the equation, you really don't get a clear picture on how much we really owe, just how much interest we owe on the debt. So, how much is the national debt?

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Objective Voice View Post
    How is item #2 irrelevent to the issue at hand? We're talking about the ability for the U.S. Treasury to pay its current debts. If you remove item #2 from the equation, you really don't get a clear picture on how much we really owe, just how much interest we owe on the debt. So, how much is the national debt?
    Doesn't matter as long as you can pay the interest and refinance the principle.

    .

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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Objective Voice View Post
    How is item #2 irrelevent to the issue at hand?
    If the issue is freezing the debt limit, then whatever the debt is, it wont get bigger. Thus, the number itself, in terms of my position, is irrelevant.
    The key is the amount paid to debt service, represnted by net interest payments on said debt, which is greater than an order of magnitude smaller than federal income.

    #1 and #3 are source data, with a citation, that prove my point, just like you wanted.
    Are you ready to agree with my position, that federal revenue is sufficient to pay for the interest on the debt?
    And that if we do not raise the debt ceiling and we default, it is because we made the choice to default?

  8. #118
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    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by The Prof View Post
    you can always cite whitehouse.gov

    again
    I could, to show what they say there. Seriously dude, try to understand why a sourced might be better in one situation and not other. Think, just for a change of pace. Damn.

    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.

  9. #119
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    Re: Republican mainstream flirts with brief default

    you'd need to go to whitehouse.gov to know what they'd say?

    LOL!

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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.
    Really? You are going to actually type this when you have the nerve to continully throw up American thinker in my face, when I haven't posted from them for years?

    You're toast as far as credibilty goes dude....

    J-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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