Page 3 of 14 FirstFirst 1234513 ... LastLast
Results 21 to 30 of 137

Thread: Republican mainstream flirts with brief default

  1. #21
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 11:47 AM
    Lean
    Conservative
    Posts
    13,073

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by j-mac View Post
    Aren't there a couple of things that everyone on both sides of the debate are missing here?

    1. We are now, and have been for some time buying our own damned debt by printing, or "digitizing" money out of thin air.

    That must stop right NOW!

    2. We have a population where 47% are non liability voters, voting themselves money from the treasury, and giving NOTHING!
    3. The fed reserve is corrupt!

    These things need to be addressed IMHO before ANY real discussion of anything else can take place.

    j-mac
    Obama is screwed because he knows the only way out of this is to stick it to his constituents. When half your population doesn't pay taxes because of liberal entitlements.........

  2. #22
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: Republican mainstream flirts with brief default

    This ain't rocket science libs. Obama and the Democrats spent too much money, and then obligated even more still. Social Security and Medicare are not only approaching an insolvency date, but it has been moved up near a decade from where it was assumed to be just a year ago.

    The deal on the table is $1 in debt increase for every $1 in cuts to current spending obligations.

    We can do this the easy way, or we can do it the hard way. "Enough already" is the message. No more OPM for you

  3. #23
    Distributist
    Jeezy's Avatar
    Join Date
    May 2011
    Last Seen
    10-14-15 @ 03:15 AM
    Gender
    Lean
    Independent
    Posts
    1,326

    Re: Republican mainstream flirts with brief default

    Look peeps....we're not necessarily going to default.

    Debt payments are an executive priority and tax receipts are more than sufficient for interest payments. The government can continue to make payments to bondholders. It just means shutting down other parts of the government to offset those payments.

    In fact, if there is technical default, US bonds might become a true safe haven investment. For the first time, America will take a step to indicate that it believes the relentless abuse of its fiscal situation is unsustainable.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

  4. #24
    Global Moderator
    Rage More!
    Your Star's Avatar
    Join Date
    May 2010
    Location
    Georgia
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    26,362

    Re: Republican mainstream flirts with brief default

    It's better to have a recovering economy that has to increase it's debt then to have no economy at all. Raise the limit, it's the only smart move.
    Eat me, drink me, love me;
    Laura make much of me

  5. #25
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 07:39 PM
    Gender
    Lean
    Conservative
    Posts
    30,322

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Your Star View Post
    It's better to have a recovering economy that has to increase it's debt then to have no economy at all. Raise the limit, it's the only smart move.

    Just wondering Star. When you sit around the Kitchen table with your family, and discuss the household budget, and realize that you are paying out enough in debt at the moment, if that were to change, and your debt was out of control, would your answer be to increase it?

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

    Alexis de Tocqueville

  6. #26
    Advisor toddwv's Avatar
    Join Date
    Nov 2010
    Last Seen
    12-02-11 @ 02:08 PM
    Gender
    Lean
    Liberal
    Posts
    315

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by j-mac View Post
    Just wondering Star. When you sit around the Kitchen table with your family, and discuss the household budget, and realize that you are paying out enough in debt at the moment, if that were to change, and your debt was out of control, would your answer be to increase it?

    j-mac
    The US federal government is not a household, it is not a business. It is the sum representation of all the people in the nation.

    Trying to make analogies that equate the US federal government with Bob down the street who needs to buy a new car is ludicrous.

  7. #27
    Distributist
    Jeezy's Avatar
    Join Date
    May 2011
    Last Seen
    10-14-15 @ 03:15 AM
    Gender
    Lean
    Independent
    Posts
    1,326

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Your Star View Post
    It's better to have a recovering economy that has to increase it's debt then to have no economy at all. Raise the limit, it's the only smart move.
    NO, NO, NO.

    Look...debt-based money systems operate best when they can grow exponentially forever. Of course, nothing can, which means that even without natural limits, such systems are prone to increasingly chaotic behavior, until the money that undergirds them collapses into utter worthlessness, allowing the cycle to begin anew.

    On a pure debt, deficit, and liability basis, the US, ( and everyone else in the world) is past the point of no return. No matter what policy tweaks, tax and benefit adjustments, or spending cuts are made -- individually or in combination -- nothing really pencils out to a solution. If everybody owes everybody else, then kicking the can down the road only works if there's more wealth, more growth, and sufficient economic activity down that road to service the past debts. If any one participant drops the baton in the debt relay race, the absurdity of the situation becomes unavoidable and the cause is lost.

    It's time to face the music. We need to get serious about debt.

    Period.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

  8. #28
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by j-mac View Post
    Just wondering Star. When you sit around the Kitchen table with your family, and discuss the household budget, and realize that you are paying out enough in debt at the moment, if that were to change, and your debt was out of control, would your answer be to increase it?

    j-mac
    First, a government is not equivilant to a family. But I would consider increasing revenue (taking a second job=raising taxes). Cut some spending yes, but not give away essentials until forced to, and that means taking care of family members who need taking care of. Now, I might let the neighbor I don't like or trust sit while I take of the family and not try to invade their homes of run them out of their house until I had taken care of my home first. But that's me.

    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. #29
    Banned
    Join Date
    Oct 2009
    Last Seen
    08-14-12 @ 11:44 PM
    Gender
    Lean
    Libertarian
    Posts
    3,928

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by toddwv View Post
    The US federal government is not a household, it is not a business. It is the sum representation of all the people in the nation.

    Trying to make analogies that equate the US federal government with Bob down the street who needs to buy a new car is ludicrous.
    Just who the hell do you think makes up the federal gov't?

    The gov't is EXACTLY like Bob down the street. The numbers are bigger, and Bob needs his driveway patched and the gov't needs the highways patched, but its exactly the same thing.

    Continuing to make excuses for the gov't spending isn't going to solve the problem, libs. Trying to make it more complicated than it really is is what separates the true conservatives from the spend spend spend liberals.
    Last edited by dontworrybehappy; 06-08-11 at 02:10 PM.

  10. #30
    Advisor toddwv's Avatar
    Join Date
    Nov 2010
    Last Seen
    12-02-11 @ 02:08 PM
    Gender
    Lean
    Liberal
    Posts
    315

    Re: Republican mainstream flirts with brief default

    Quote Originally Posted by Eighty Deuce View Post
    This ain't rocket science libs. Obama and the Democrats spent too much money, and then obligated even more still. Social Security and Medicare are not only approaching an insolvency date, but it has been moved up near a decade from where it was assumed to be just a year ago.

    The deal on the table is $1 in debt increase for every $1 in cuts to current spending obligations.

    We can do this the easy way, or we can do it the hard way. "Enough already" is the message. No more OPM for you
    Right. It was "the libs", Obama and the Democrats.
    We'll just ignore the 6 years that the Republicans had control of Congress AND the White House.
    We'll completely ignore the spending mandated by TWO FULL INVASIONS.
    We'll ignore that the Republicans' response to the increased funds that they decided to send off to be buried in a desert was to cut taxes, primarily for the rich.
    We'll ignore the surplus that the Republicans squandered.
    We'll ignore the Medicare additions that the Republicans signed into law.
    We'll ignore the bubble economy that they sat around and watched.
    We'll just ignore the $450,000,000,000 per year interest payments on the debt that the Republicans handed over.
    We'll ignore that the TARP was actually signed by a Republican President.

    And we'll especially ignore the fact that the Republican plan to "starve the beast" ie shrink the federal government to the size where it can be "drowned in a bathtub" has been motivating the right-wing's attack on America for the past 3 decades.

    And now we're supposed to trust the Republicans when it comes to economic matters? After they sat back and watched the subprime market go into critical meltdown taking an economy that was weakened by Republican policies to the point of collapse?

    We're supposed to believe that everything will be alright if we listen to the Republicans who want to take us back over the edge of economic destruction.

    No thanks.

Page 3 of 14 FirstFirst 1234513 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •