Last edited by PzKfW IVe; 07-13-11 at 12:33 PM.
it certainly sounds to me like something the great one, mark levin, would say
most informed americans agree with him, by the way, according to gallup, today
be all that what it may
it appears the egghead economists have A LOT more explaining to do
they better hurry up
however, it's very simple, informed moms and pops see clear
the prez wants 2.4 to get thru next november
the knuckle dragging neanderthals led by michelle bachmann who, if not a slut is certainly a nut, insist on d4d, dollar for dollar
they WERE in agreement on about 1.7 as of about sunday
except everything's kinda blown up since then
one thing underlying all of this, bigtime---which few remark upon---is the seething personal hatred the parties feel towards each other personally, both sides
we'll all know soon
U.S. Foreign Aid as of 2009. There is some real money here folks.
Perhaps it's time to pull back and fix our personal problem instead of playing big brother to the world.
For those who want to examine the impact of a failure to raise the debt ceiling in August, Bloomberg.com has a tool. Users can make their own choices. Afterward, one can have an idea what programs they did not fund.
August Invoices Show U.S. Treasury
NOTE: The tool does not consider a scenario where some of the debt is not rolled over and principal payments need to be made. Under such a scenario, even less cash would be available, assuming the U.S. seeks to avoid a debt default. The tool also assumes that all of each spending category is funded e.g., all Social Security payments are made, instead of partial funding.
On the other hand, I am not at all concerned that the government will fail to raise the debt ceiling for any permanent-ish length of time. It's just not politically possible...people will start screaming bloody murder after the first social security check is missed, the first soldier goes unpaid, or the first doctor isn't compensated by Medicare. Congress will absolutely relent and raise the debt ceiling (even now, McConnell and Boehner have both given public assurances that they plan to raise the debt ceiling and regard not doing so as an unthinkable option). The main question is do we raise it now...or AFTER our credit rating falls, interest payments go up, and a good chunk of those spending cuts are negated?
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
Not paying our debt service would do this - but then, no one has contemplated not paying our debt service.Either of these would be very bad for the credit rating of the US, which would cause our interest rate to spike.
Not paying full SS benefits, or full medicare benefits, or full funding the US National Park system, et al, would not.
Yup. Cut everythng 43%. Live within our means.Meanwhile, we'll be faced with an immediate 43% reduction in government spending.
So, here we are in major financial crisis. Some propose cutting across the board cuts of 43%. This would include SS and military pay.
Setting aside the human issues involved in this for the time being, look at the negative impact that would have at the retailers and grocers doors. This would also reduce sales tax income and so on.
Welcome to the third world America.
State and local governments would be forced to either shut down or scale back to most painful degrees.
Now we have very angry, very hungry people on the streets and in all probability severely reduced police forces.
Welcome to Anarchy America.