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

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

    Quote Originally Posted by sookster View Post
    You still have not talked about what I said originally. The fact that we have a system at all, is due to the administration's act on the system, giving 700 billion to The Fed in order to bailout institutions whose failure would bring too high of systemic risk.

    Again, let me say it again and again. We have a system right now. The fact that you are saying that Obama promised so much unemployment is thanks to his actions in saving our current system.
    In the case of the Fed - If I am not mistaken their initial actions were pretty much taken independently. "Our system" was informed of the decision after the fact.
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    My God....

    The Fed came to key members of Congress and told them what I said earlier. Do you think that news is kept from the President? If you follow the turn of events, the original bill was refused in The House. The majority of policy makers as well as the general population did not know the current state of affairs.

    The next time it went to the house, it was passed. Did Obama have everything to do with it? No. Did he have nothing to do with it? That is a no either. As people have stated, he started studying what was going on at the very beginning, he understood that The Fed required 700 billion dollars.

    Blindly defending is not blindly hating. I am defending people that spew out ignorance just because he thinks what he thinks. They don't examine the contents of facts, they see he is a liberal democrat, and automatically spew irrationalities to no end.

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

    Sookster,


    Why are you avoiding my question?
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by donsutherland1 View Post
    IMO, some of the comments about the debt ceiling, especially among radio hosts such as Mark Levin (who is openly championing a failure of negotiations), are surreal. The political denial in Washington is also quite surreal.

    Major fiscal consolidation is necessary and inevitable. Indeed, one fund manager argued that a U.S. default is a matter of time.

    Increasingly, the only real question is whether the U.S. fiscal consolidation program will be something the U.S. has latitude to shape when market conditions remain relatively benign/interest rates abnormally low or something that will essentially be imposed when a crisis is imminent or underway. The former approach would allow for a transition to mitigate the macroeconomic and social pain. The latter would require wrenching choices and little or no transition. The former could be feasible with smaller sacrifices. The latter would require much larger ones, due to higher interest rates/reduced long-term growth prospects, and prevailing negative psychology. The sooner credible action is undertaken, the less likely a crisis would be. Little or no credible action over the next few years could well provide the invitation to a crisis.

    Finally, if I were evaluating U.S. credit risk (and it's probably a good thing that I'm not), I would probably put the U.S. under review for a possible ratings downgrade if no debt ceiling deal is reached in the next 7-10 days. Then, beyond a debt ceiling-modest fiscal consolidation agreement, in order to preserve the AAA rating, I would be looking for progress with respect to two criteria over the next 6-12 months:

    1. Construction of a balanced and credible fiscal consolidation strategy, with a credible upfront component. Mandatory spending and Tax Code changes would both be needed for the longer-term. Spending-driven consolidation should, consistent with empirical literature on successful consolidation efforts, exceed revenue measures by a > 2-to-1 margin. Moreover, tax measures should be focused broadly not narrowly.

    2. Evidence that the U.S. is undertaking steps to address what is now a political dysfunctionality problem.

    Failure to begin laying out a credible fiscal consolidation strategy would leave the nation on its present unsustainable fiscal course. Failure to begin addressing the political dysfunctionality problem would raise questions about the credibility of U.S. fiscal commitments and the capacity to shape/implement/sustain a fiscal consolidation strategy.
    When, if ever, is the last time in history that a "true" spending cut at a congressional budget level occurred? When was the last tax hike (or revenue raiser for word gamers) that occurred?
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by sookster View Post
    Blindly defending is not blindly hating. I am defending people that spew out ignorance just because he thinks what he thinks. They don't examine the contents of facts, they see he is a liberal democrat, and automatically spew irrationalities to no end.
    Or, more appropriately, they don't examine the contents of facts, they see He is a liberal democrat, and automatically defend Him whithout end.

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

    I wasn't avoiding. I was dealing with exceptionally stupid people.

    The first step that he did was push a 700 billion dollar budget through congress to The Fed. This bill was a field day especially to the conservatives, simply because they viewed it as a government take over. The true state of the economy was not shared with everyone in office, it was only known by a select few. The bill failed the first time in the house, and I'm sure Obama pulled plenty of strings to get it to pass.

    The Fed is independent, however they probably kept the president in the loop. The Economic Stimulus package probably seems to be a complete failure, however I feel that the package was that of psychiatric medicine. Medicine can not prevent episodes, but it can decrease the severity and length of one. That is what the purpose of the package was. To put a band aid if you will on a gouging wound.

    I am not saying he is perfect. All I am saying is people give him so much heat and it is ill informed. I feel if it weren't for him and his actions, our world would be a world of anarchy and complete chaos. If the world financial system failed, who knows what would of happened. Also, it should be noted that it could still fail. The same economists that predicted the house bubble are now predicting that the dollar is going to collapse by the end of this year. Their solution is to go back to a standard, either by gold or some sort of resource.

    Who knows what will happen. But the fact that you are typing on a computer in a controlled society is thanks to that man.

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

    Quote Originally Posted by sookster View Post
    I wasn't avoiding. I was dealing with exceptionally stupid people.
    Ad hom, the final resting place of those with nothing useful to say.

    What you fail to recognize - willfully, it appears - is that every single charge you level at those to oppose The Obama can be equally well-applied to those like you that defend Him.

    Few things bear this out better than the argument that the -GOP- is unwilling to compromise regarding the debt limit.

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

    I couldn't care less what you have to say. Continue in spewing your irrationality. Don't care.

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

    Quote Originally Posted by sookster View Post
    I couldn't care less what you have to say. Continue in spewing your irrationality. Don't care.
    Thank you for you interest in national issues.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by sookster View Post
    I wasn't avoiding. I was dealing with exceptionally stupid people.

    The first step that he did was push a 700 billion dollar budget through congress to The Fed. This bill was a field day especially to the conservatives, simply because they viewed it as a government take over. The true state of the economy was not shared with everyone in office, it was only known by a select few. The bill failed the first time in the house, and I'm sure Obama pulled plenty of strings to get it to pass.

    The Fed is independent, however they probably kept the president in the loop. The Economic Stimulus package probably seems to be a complete failure, however I feel that the package was that of psychiatric medicine. Medicine can not prevent episodes, but it can decrease the severity and length of one. That is what the purpose of the package was. To put a band aid if you will on a gouging wound.

    I am not saying he is perfect. All I am saying is people give him so much heat and it is ill informed. I feel if it weren't for him and his actions, our world would be a world of anarchy and complete chaos. If the world financial system failed, who knows what would of happened. Also, it should be noted that it could still fail. The same economists that predicted the house bubble are now predicting that the dollar is going to collapse by the end of this year. Their solution is to go back to a standard, either by gold or some sort of resource.

    Who knows what will happen. But the fact that you are typing on a computer in a controlled society is thanks to that man.
    If it were someone other than Obama, we'd likely be in the same place we are now. Still be at over 9% unemployment, still would be hoping that perhaps maybe the government would do its job and perhaps make a budget and take care of matter of State. In the end, government has not done a good job with the recession or getting help to those who need it. It's been a partisan bitch fest and the most likely thing is that they'll try to squeeze something through at the last moment in order to save face. Bastards.
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