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Thread: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Quote Originally Posted by ttwtt78640 View Post
    What does more harm to the nation's credit, increased borrowing or reduced spending? Obama does not care one lick about the national debt, about reducing deficits or cutting any DOMESTIC spending. Obama is about buying votes with tax money and playing class warfare games. Obama sees the nations wealth as simply a gov't resource to be distributed "fairly", let others figure out how to grow it, he seeks only to harvest it. Yes he did!

    Do you willfully ignore his endorsement of Bowles-Simpson, his negotiation of the Budget Control Act, and his request for consolidation power from Congress to consolidate and streamline the executive branch, or are you just so deep in your delusion that he's a free spending socialist that you just don't understand what those things actually are?

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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    And those are only three of the things he's done in concern of the deficit. That doesn't include his ending the war in Iraq, trying to streamline and tighten Defense's belt, the Buffett rule, etc.

    To try and pretend that he hasn't offered any deficit reduction measures, or that he doesn't care is just ignorant.

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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Quote Originally Posted by AdamT View Post
    What's the price tag of stupidity? In the case of the foolish debt ceiling fiasco, the cost is $1.3 billion ... for one year, with the ultimate cost sure to rise. The Republican hissy fit will cost us at least three times as much as Solyndra.
    "The Republican hissy fit" is the bi partisan ramblings and finger pointing garbage that is partially responsible for the destruction of this once great country. The democratic party has you so pussy whipped that you cannot see their failings nor any thing positive the opposite side does. All you see is hate and blame for the right and love and blindness to the left. (not that those on the right are any better). You want to know who is responsible for this? POLITICIANS. R-D-I-G doesnt matter the letter before their name. Past present doesnt matter. But you won't see that. All you see is R and that immediately closes your mind. Or D and you can see no fault. They are perfect.
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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Quote Originally Posted by AdamT View Post
    You can't simply dismiss the possibility of a major war or other national disaster that requires large-scale spending. If you passed a balanced budget amendment -- and amendment to the Constitution -- you would create a constitutional crisis every time such an emergency arose.
    Why does it often seem that so many on the left lack the brainpower to think of things like exceptions? Clearly an amendment can be worded in such a manner to allow for cases of actual war and actual natural disasters.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Quote Originally Posted by AdamT View Post
    Long term, it also doesn't make sense to prohibit deficit spending, as it doesn't allow for dire emergencies like WWII or the Great Recession. But I can see passing an amendment that links deficit spending to GDP growth in order to enforce fiscal restraint in times of economic abundance.
    lol...........
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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Quote Originally Posted by muciti View Post
    "The Republican hissy fit" is the bi partisan ramblings and finger pointing garbage that is partially responsible for the destruction of this once great country. The democratic party has you so pussy whipped that you cannot see their failings nor any thing positive the opposite side does. All you see is hate and blame for the right and love and blindness to the left. (not that those on the right are any better). You want to know who is responsible for this? POLITICIANS. R-D-I-G doesnt matter the letter before their name. Past present doesnt matter. But you won't see that. All you see is R and that immediately closes your mind. Or D and you can see no fault. They are perfect.
    And sadly the media ... or whatever ... has convinced you of this false equivalence lie. So, if someone says, "white is white," the media thinks, "oh my, we have to present BOTH sides of the controversy!" So they put on someone who says "white is black" -- as if there is actually a debate as to whether white is white. And the audience, a/k/a you, thinks, "hmmm, they both have a good point ... or, they're both full of ****!" White is really gray!!

    Get over the "they're all equally bad" mantra; they aren't. This was a clear case where Republicans were manifestly unreasonable in refusing to even consider revenue enhancements and even more unreasonable in pushing the country to the brink of disaster. The dangerous and futile game will end up costing us billions of dollars ... for NOTHING.
    Last edited by AdamT; 07-24-12 at 07:09 PM.
    "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: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Quote Originally Posted by AdamT View Post
    And sadly the media ... or whatever ... has convinced you of this false equivalence lie. So, if someone says, "white is white," the media thinks, "oh my, we have to present BOTH sides of the controversy!" So they put on someone who says "white is black" -- as if there is actually a debate as to whether white is white. And the audience, a/k/a you, thinks, "hmmm, they both have a good point ... or, they're both full of ****!" White is really gray!!
    Your argument is that it is wrong to try to see both sides of an argument? Seriously?.

    Get over the "they're all equally bad" mantra; they aren't. This was a clear case where Republicans were manifestly unreasonable in refusing to even consider revenue enhancements and even more unreasonable in pushing the country to the brink of disaster. The dangerous and futile game will end up costing us billions of dollars ... for NOTHING.
    Are you really so blinded by bi partisan garbage that you don't see the role that democrats played in that? These guys screw up and screw over the American people and tell you they didnt as a bold face lie to your face that they dont even try to conceal and you just say yes sir and go along with what you are told? Think about that logic. Its pathetic.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=muciti;1060722937]Your argument is that it is wrong to try to see both sides of an argument? Seriously?.

    Seriously, it is wrong to always throw up your hands and lament that "they're all to blame" when one side is very clearly much more to blame than the other.

    Are you really so blinded by bi partisan garbage that you don't see the role that democrats played in that?
    I'm certainly willing to address whatever you claim their error was, if you ever grace us with an actual argument, as opposed to generalized opinion.
    "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: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=AdamT;1060722959]
    Quote Originally Posted by muciti View Post
    Your argument is that it is wrong to try to see both sides of an argument? Seriously?.

    I'm certainly willing to address whatever you claim their error was, if you ever grace us with an actual argument, as opposed to generalized opinion.
    To simplify it the Democrats expected Republicans to go along with them and do what the Dems wanted. The Repubs wanted the dems to just go along with what they said. Both sides had valid points and rather than negotiating and coming to an agreement that was best for the country they were both more worried about saving face and ensuring the other side didnt win or get any credit that they allowed it to get as far as they did.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=muciti;1060722982]
    Quote Originally Posted by AdamT View Post

    To simplify it the Democrats expected Republicans to go along with them and do what the Dems wanted. The Repubs wanted the dems to just go along with what they said. Both sides had valid points and rather than negotiating and coming to an agreement that was best for the country they were both more worried about saving face and ensuring the other side didnt win or get any credit that they allowed it to get as far as they did.
    Well that was entirely predictable, and predictably not true. In fact the Democrats wanted the Republicans to simply pass the debt ceiling extension as it has always been done in the past -- without conditions. But because Republicans would not even consider that, Democrats accepted that they would have to agree to a significant deficit reduction measure to get the Republicans to acquiesce. That they were willing to do, but wanted something like a 3:1 spending cut to tax hike ratio. Republicans would not even consider it. Eventually Democrats came down to offering a 10:1 spending cuts to tax hike ratio and Republicans still would not budge. What Republicans said was that Democrats would have to accept THEIR priority -- no tax hikes under any circumstances, AND large spending cuts -- or they would blow up the country.

    That is nothing like what you described.
    "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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