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Thread: New battle over debt limit inevitable?

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Arbo View Post
    It doesn't matter what they are willing to agree to. They have consistently reneged on spending cuts, and thus shown themselves to be flat out liars when it comes to any deal they make regarding cuts.
    The only ones reneging are the Republicans. Bait And Switch: GOP Leaders Renege On Debt Limit Deal Defense Cuts | TPMDC
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: New battle over debt limit inevitable?

    Maybe its time to call the Republicans' bluff. Let them intentionally crash the credit of the United States and the economy with it, then never elect another one of them at any level of government again. It would certainly suck in the short term, but at least we'd be rid of the pestilence that is the Republican party.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by AdamT View Post

    Yes, you have repeated that talking point before. OMG, they want to actually cut more, how horrible. The reality is, if you look at history, the (D)'s have agreed to cuts in the past, those cuts NEVER happened. Just look back at Bush Sr's 'no new taxes' stuff, the taxes that came were part of a bargain where taxes were raised but cuts were made, the cuts never came. Not the first or last time the (D)'s did this.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Arbo View Post
    Yes, you have repeated that talking point before. OMG, they want to actually cut more, how horrible. The reality is, if you look at history, the (D)'s have agreed to cuts in the past, those cuts NEVER happened. Just look back at Bush Sr's 'no new taxes' stuff, the taxes that came were part of a bargain where taxes were raised but cuts were made, the cuts never came. Not the first or last time the (D)'s did this.
    I believe they got Reagan too.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Arbo View Post
    Yes, you have repeated that talking point before. OMG, they want to actually cut more, how horrible.
    No, what they want to do is go back on their word, and if you can read, they aren't even trying to cut more. They just want to go back on WHERE they promised the cuts would come from.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by AdamT View Post
    No, what they want to do is go back on their word, and if you can read, they aren't even trying to cut more. They just want to go back on WHERE they promised the cuts would come from.
    Totally ignoring history. Figured as much for a clear partisan.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by teamosil View Post
    Maybe its time to call the Republicans' bluff. Let them intentionally crash the credit of the United States and the economy with it, then never elect another one of them at any level of government again. It would certainly suck in the short term, but at least we'd be rid of the pestilence that is the Republican party.
    America won't recover. The Republicans aren't bluffing. Either the Democrats give in or over the cliff we go. The credit rating won't be restored. Maybe it's time for a new constitutional convention.

    The past can't be restored. If America's credit rating is cut for a second time the standard of living will decline significantly permanently.

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by AdamT View Post
    Sadly there is no spin involved. The fact is that Democrats are willing to agree to spending cuts far in excess of what they think we should implement at this time, so long as they are balanced by modest revenue hikes. In contrast, Republicans will not accept any revenue hikes whatsoever. It's their way or the highway (to hell), and the highway ain't paved with good intentions.

    So it is simply FACTUAL that Democrats are being more reasonable and Republicans are holding a gun to the nation's head because they flat-out refuse to compromise.
    This is spin on your part, but nicely done. So if the Dems don't get the increase revenue, its "the highway' and no deal?. Both sides are so dug in it is sickening. Why do you continue to support one side? It is clear both are too party based to do anything constructive.

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    Re: New battle over debt limit inevitable?

    Quote Originally Posted by mike2810 View Post
    So if the Dems don't get the increase revenue, its "the highway' and no deal?
    Yeah, it has to be. We can't just let the Republicans put the deficit on the backs of the middle class alone.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: New battle over debt limit inevitable?

    Democrats aren't dealing with old style Republicans any more. Business as usual is worse than a cut in the country's credit rating. Maybe an increase in borrowing costs will reduce America's appetite for borrowing. Maybe that would be a good thing in the long run.

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