Page 22 of 59 FirstFirst ... 12202122232432 ... LastLast
Results 211 to 220 of 586

Thread: Obama says he cannot guarantee Social Security checks will go out on August 3

  1. #211
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    today:

    According to the [Gallup], 53 percent of people who say they’re following the debt limit debate very closely said they want their member of Congress to vote against raising it. Just 37 percent said they wanted a vote to increase it.

    And just 34 percent of those who say they’re following the debate told Gallup they think not raising the limit would result in an economic crisis.
    Poll: Most say don't raise debt limt | POLITICO 44
    Last edited by The Prof; 07-13-11 at 01:42 PM.

  2. #212
    Banned
    Join Date
    May 2011
    Last Seen
    10-16-11 @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,845

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Kandahar View Post
    Exactly. I think that many of the people who favor not raising the debt ceiling (or even those who favor a showdown to extract concessions) don't truly understand the consequences. It could result in MORE government spending, because interest rates would increase, adding to the deficit and negating many of the proposed cuts.
    If the debt ceiling is not raised, there cannot be a deficit as there will be nothing to spend once available revenue is gone.
    If interest rates go up, then our interest payemts will go up; revenue available for other spending will go down - but there will not be a deficit.
    So, there will not be more government spending, just more spending on interest.

  3. #213
    Banned
    Join Date
    May 2011
    Last Seen
    10-16-11 @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,845

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Texmex View Post
    It it sometimes difficult to not react...
    That's becasue, as I said, your argument is so weak, you have no other choice.

  4. #214
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Texmex View Post
    To be so calloused as to be willing to bring so much hardship on so many who have no other source of income is beyond belief, even for a republican!
    In debt talks, Obama offers Social Security cuts - The Washington Post

  5. #215
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Texmex View Post
    It it sometimes difficult to not react when a right-winger says something as ignorant as, cut everything by 43%. This is unworkable and you know it. The only reason you have a problem with this is because the president is Obama. Otherwise, you would no doubt sing a different tune,.

    To be so calloused as to be willing to bring so much hardship on so many who have no other source of income is beyond belief, even for a republican! This is exactly what cutting SS checks would do. I think you already know this, but since it probably won't affect you, you don't care!
    Exactly. It's all a bunch of posturing bastards. McConnell even said “I refuse to help Barack Obama get reelected by marching Republicans into a position where we have co-ownership of a bad economy.”

    Read more: Mitch McConnell does damage control on debt ceiling plan - Manu Raju - POLITICO.com

    So no. He doesn't want to do his duly elected job. He wants to WIN!

    Disgusting git.

  6. #216
    Sage
    Taylor's Avatar
    Join Date
    Aug 2009
    Location
    US
    Last Seen
    Yesterday @ 09:57 PM
    Lean
    Undisclosed
    Posts
    6,170

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by donsutherland1 View Post
    In contrast to the almost delusional comments that not raising the debt ceiling would essentially have no major adverse impact being circulated by some media pundits e.g., Mark Levin who described such a situation as a "day of liberation," Fed Chairman Ben Bernanke warned that such a failure would have real consequences.
    How does calling Aug 2nd "a day of liberation" equate to "not raising the debt ceiling would have no major adverse impact?" That's a *HUGE* leap. Do you have an actual quote from Levin where he makes the claim you want to attribute to him?

  7. #217
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Taylor View Post
    How does calling Aug 2nd "a day of liberation" equate to "not raising the debt ceiling would have no major adverse impact?" That's a *HUGE* leap. Do you have an actual quote from Levin where he makes the claim you want to attribute to him?
    Unfortunately, there is no leap whatsoever. If one listened to his show on Monday evening, he was making the argument that concerns about not raising the debt ceiling amount to "Chicken Little" arguments, there would be no catastrophe, and that not raising it would amount to a "new July 4," a "day of liberation." Unfortunately, his website does not include the full transcript of his commentary.

  8. #218
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by PzKfW IVe View Post
    If the debt ceiling is not raised, there cannot be a deficit as there will be nothing to spend once available revenue is gone.
    If interest rates go up, then our interest payemts will go up; revenue available for other spending will go down - but there will not be a deficit.
    So, there will not be more government spending, just more spending on interest.
    But you are overlooking that the debt ceiling WILL be raised. Period. Even if our government stupidly keeps this showdown going past the brink, almost NO ONE in Congress has the stomach for a permanent 43% cut to government funding...that would be politically ruinous for whoever supported it. Now, the debt ceiling increase might happen before we are in a de-facto default, or it might happen after. But it will happen. And when it does, the government will go right back to deficit spending (perhaps with some cuts as part of the agreement, but nevertheless still not enough to balance the budget). If this showdown adversely impacts our credit rating, our interest rates will go up, which means that we will be paying more on our debt servicing.

    For example, if a brief default (or a brief quasi-default) caused our interest rates to increase by 1%, it would negate approximately $1 trillion of the spending cuts that would be part of the debt ceiling agreement. 2% would negate $2 trillion, etc. So we'd still be spending that money...we'd just be wasting it on something completely useless (debt interest) instead of something that could actually help people.

    My advice to Congress: Take whatever budget cuts have already been negotiated, and then get behind Mitch McConnell's proposal to automate the debt ceiling increases. That should be sufficient for Republicans to declare victory, to maintain the credibility of the US debt, to keep the economy going without major problems, and to prevent this kind of brinkmanship from arising again in the near future.
    Last edited by Kandahar; 07-13-11 at 02:17 PM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  9. #219
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by donsutherland1 View Post
    Unfortunately, there is no leap whatsoever. If one listened to his show on Monday evening, he was making the argument that concerns about not raising the debt ceiling amount to "Chicken Little" arguments, there would be no catastrophe, and that not raising it would amount to a "new July 4," a "day of liberation." Unfortunately, his website does not include the full transcript of his commentary.
    If Taylor actually cares, he can download and listen here.

  10. #220
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    I've got laryngitis and my fingers are broken from repeating myself but you can't balance anything if you refuse to balance. CUTS ARE NOT ENOUGH. Deep cuts are not enough. Tax issues, loopholes, and everything else NEED to be looked at and addressed.

    People are going to remember this window of time when it comes time to vote again. We're going to remember that the entire Republican party was willing to flush us down the ****ter, and we will vote accordingly.

Page 22 of 59 FirstFirst ... 12202122232432 ... 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
  •