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Thread: U.S. GDP Grows Just 1.3%

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

    Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.
    You can live without the phone and cable, so you get rid of those, until your budget can allow for those expenses.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

    Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.
    You continue to buy what you are told by an Administration that you want to believe. Why not scrutinize the rhetoric better? How much money is coming in to the govt. each and every day? What bills can be paid with those funds? Our basic obligations are to our SS/Medicare recipients, our creditors, our Military, and our Veterans. How much is left over and is that truly a default if you eliminate departments, i.e. energy, education, EPA?

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

    Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.
    Let's remember that we the Federal budget expires Oct. 1. So this argument about what we promised to pay only extends until then. The other problem with the democratic talking point is that the congress refuses to do it's job, so we never even get a vote on what our "obligations" are.

    Many people are getting tired of these gottya phrases that are unthinking talking points made by lame politicians and their flunkies.

    It is well past the time we should get serious about the problems facing the nation.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by washunut View Post
    Let's remember that we the Federal budget expires Oct. 1. So this argument about what we promised to pay only extends until then. The other problem with the democratic talking point is that the congress refuses to do it's job, so we never even get a vote on what our "obligations" are.

    Many people are getting tired of these gottya phrases that are unthinking talking points made by lame politicians and their flunkies.

    It is well past the time we should get serious about the problems facing the nation.
    That is an excellent point, fiscal year of the U.S. runs from October to September and the current budget year ends in 2 months. That is the end of the current year obligations and requires a new budget. The only item that carries forward and is an ongoing expense is debt service, SS, Medicare. Add to that is our military personnel and our Veterans benefits. There is more than enough tax revenue to pay those obligations.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Conservative View Post
    You continue to buy what you are told by an Administration that you want to believe. Why not scrutinize the rhetoric better? How much money is coming in to the govt. each and every day? What bills can be paid with those funds? Our basic obligations are to our SS/Medicare recipients, our creditors, our Military, and our Veterans. How much is left over and is that truly a default if you eliminate departments, i.e. energy, education, EPA?
    Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!
    Yes, we can. They're just telling you that to scare you and obviously, it's working.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!
    That is bs, I asked you how much money is coming into the govt. each month due to taxes and then how much those obligations are. You haven't answered either but continue to spout DNC talking points. Think and verify what you are being told.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!
    From the 2010 Budget which of course you have never seen. Why are you buying what you are told?

    Interest 196.9 16.4
    SS 706.7 58.9
    Medicare 451.6 37.6
    Military 696 58.0
    VA 108 9.0

    Total monthly Obligation 179.9

    What this shows is the budget for interest on the debt, SS, Medicare, total military, and VA on a yearly basis. Divide by 12 and you get the monthly obligations which total 179.9 and that included TOTAL military expense which overstates this amount. Monthly revenue is over 200 billion a month.
    Last edited by Conservative; 07-30-11 at 12:02 PM.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Conservative View Post
    From the 2010 Budget which of course you have never seen. Why are you buying what you are told?

    Interest 196.9 16.4
    SS 706.7 58.9
    Medicare 451.6 37.6
    Military 696 58.0
    VA 108 9.0

    Total monthly Obligation 179.9

    What this shows is the budget for interest on the debt, SS, Medicare, total military, and VA on a yearly basis. Divide by 12 and you get the monthly obligations which total 179.9 and that included TOTAL military expense which overstates this amount. Monthly revenue is over 200 billion a month.
    What's the problem, Adam, a little logic, common sense, and facts confusing you? You must be asking yourself how in the world did the liberal rhetoric be so wrong since they "mean so well?" Noticed that when presented with facts you either ignore them or simply don't respond at all.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Conservative View Post
    What's the problem, Adam, a little logic, common sense, and facts confusing you? You must be asking yourself how in the world did the liberal rhetoric be so wrong since they "mean so well?" Noticed that when presented with facts you either ignore them or simply don't respond at all.
    facts seem like the surest way to end a thread on this site. I guess it takes all the fun out of spewing.

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