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Thread: Breaking: Agreement has been reached on raising the debt limit....

  1. #241
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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    As a nation, we've been borrowing from the beginning. It's only been growing out of control since Reagan implemented his voodoo economics.
    Fact remains - if you don't have it, you don't spend it. It's not a difficult concept.


    In the instance you propose - and, apparently have decided to walk away from - you have several choices under a BBA:
    -As mentioned, you simply do not spend the money.
    -As mentioned you shift money from somewhere else
    -Allocate money in the next FY
    -Allocate money each year to a Natural Disaster Reserve Fund, used to cover such things when they happen.

    Being a liberal, it's not a surprise that your first reaction would be to borrow money to cover the perceived need for the federal government to spend money.

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    No, because there are to many "emergency escape hatches" which render it pretty useless. Could be anything from a recession, to a war, to extreme weather conditions, to a stock market crash.
    It could be better defined than this. Two-thirds vote of Congress might be the only needed hatch. It could include war with 2/3s vote of both Houses and it might include any financial disaster wher unemployment reaches 9% or greater with 2/3s vote. In each of these cases, perhaps a 2/3s vote would have to be done to continue the hatch. And, another safety valve could be that whatever debt was created during the period it is used must be repaid in full over the next 5 or 8 years.

    My guess is that you would not support this either. My other guess would be that you don't want the Federal Government to act responsibly when it comes to spending. That is just a guess.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post

    For someone who wasn't old enough during the Reagan years you are sure can expert on the Reagan years.
    Are you ever going to stop lying?

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    Re: Obama: We have a deal

    Quote Originally Posted by LesGovt View Post
    My guess is that you would not support this either. My other guess would be that you don't want the Federal Government to act responsibly when it comes to spending. That is just a guess.
    If you limit the government's ability to spend, you thwart the Dems/liberals attepmts to buy votes thru their promises to hand out government money.
    To this, they will -never- agree.

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    Are you ever going to stop lying?
    Are you ever going to address the Obama record and how anyone can support someone with .4% GDP growth, 1.3% GDP growth two years AFTER the end of a recession? Obviously you helped put this incompetent in the WH so instead of fessing up and admitting your error you continue to dig the hole deeper. It will be the Obama record on the ballot in 2012, not Reagan and Bush.

    I don't lie but you sure use that word a lot. too bad you aren't paying attention to Obama because there is the definition of a lie

  7. #247
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    Re: Obama: We have a deal

    Quote Originally Posted by PzKfW IVe View Post

    Fact remains - if you don't have it, you don't spend it. It's not a difficult concept.
    In the instance you propose - and, apparently have decided to walk away from - you have several choices under a BBA:[/QUOTE]
    Not an option. Look what it took, and how long in took, for Congress to agree on this matter which staved off an economic nightmare. You think people in disaster striken communities can wait for Democrats and Republicans to decide where to take the money from in order to provide it for those in an emergency?

    Quote Originally Posted by PzKfW IVe View Post

    -As mentioned, you simply do not spend the money.
    Not an option. We don't let communities struck by disaster to "pick thenselves up by their bootstraps" and "fend for themselves" in this nation when calamity strikes.

    Quote Originally Posted by PzKfW IVe View Post

    -As mentioned you shift money from somewhere else
    Same as the first non-option.

    Quote Originally Posted by PzKfW IVe View Post

    -Allocate money in the next FY
    That is an option, it's what we do now.

    Quote Originally Posted by PzKfW IVe View Post

    -Allocate money each year to a Natural Disaster Reserve Fund, used to cover such things when they happen.
    So there's what? A Natural Disaster Reserve Fund for natural disasters ... and a Recession Reserve Fund for periods during economic downturns ... and Wartime Reserve Fund for periods when we are at war ... and a Natural Disaster Reserve Fund for natural disasters ... and a Wall Street Reserve Fund for when the market crashes ... and ... etc, etc, etc.

    Quote Originally Posted by PzKfW IVe View Post

    Being a liberal, it's not a surprise that your first reaction would be to borrow money to cover the perceived need for the federal government to spend money.
    Now that's funny coming from the Conservative party of fiscal responsibility we've seen since Reagan.

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    In the instance you propose - and, apparently have decided to walk away from - you have several choices under a BBA:
    Not an option. Look what it took, and how long in took, for Congress to agree on this matter which staved off an economic nightmare. You think people in disaster striken communities can wait for Democrats and Republicans to decide where to take the money from in order to provide it for those in an emergency?


    Not an option. We don't let communities struck by disaster to "pick thenselves up by their bootstraps" and "fend for themselves" in this nation when calamity strikes.


    Same as the first non-option.


    That is an option, it's what we do now.


    So there's what? A Natural Disaster Reserve Fund for natural disasters ... and a Recession Reserve Fund for periods during economic downturns ... and Wartime Reserve Fund for periods when we are at war ... and a Natural Disaster Reserve Fund for natural disasters ... and a Wall Street Reserve Fund for when the market crashes ... and ... etc, etc, etc.


    Now that's funny coming from the Conservative party of fiscal responsibility we've seen since Reagan. [/QUOTE]

    You don't have a problem with the liberal attitude that giving the taxpayer a benefit in the form of Tax cuts is actually an expense to the Federal Govt? Amazing that you don't have a problem with that attitude

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    Re: Obama: We have a deal

    Quote Originally Posted by LesGovt View Post

    My guess is that you would not support this either. My other guess would be that you don't want the Federal Government to act responsibly when it comes to spending. That is just a guess.
    And it's a poor guess at that. No, I just think there are better ways to make the government behave more fiscally responsible without putting guidelines into place which can create a foreseable disasters. Most notibly, by not voting for those who pass bills you strongly oppose.

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    And it's a poor guess at that. No, I just think there are better ways to make the government behave more fiscally responsible without putting guidelines into place which can create a foreseable disasters. Most notibly, by not voting for those who pass bills you strongly oppose.
    Very soft answer. You did not disagree with my final safety hatch nor did you explain why it could not work.

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