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Thread: Harry Reid: "We're going over the cliff"

  1. #161
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Grant View Post
    Yeah, but they didn't and those who depended on the government, and voted for more of it, are going to be screwed. What happens then?
    answering your question as presented would mean that your assumption is likely
    like your other baseless speculation in this forum, it is not
    you are simply wrong
    the government is not going to go belly up and default on its obligations
    if that happens, there will be bigger problems than your check is not in the mail
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by justabubba View Post
    answering your question as presented would mean that your assumption is likely
    like your other baseless speculation in this forum, it is not
    you are simply wrong
    the government is not going to go belly up and default on its obligations
    if that happens, there will be bigger problems than your check is not in the mail
    Of course there will be bigger problems and the stage is already being set for that. Can you not see Americans taking sides already, and being encouraged by the President and other members of his Administration? ("They're Going To Put Y'all Back In Chains ..."), the "War on women"? as just a couple of examples.

    Obama increased the federal debt by just shy of $6 trillion and in return grew the economy by $905 billion. So, as Lance Roberts at Street Talk Live pointed out, in order to generate every dollar of economic growth the United States had to borrow about five dollars and 60 cents. There’s no one out there on the planet — whether it’s “the rich” or the Chinese — who can afford to carry on bankrolling that rate of return. According to one CBO analysis, U.S.-government spending is sustainable as long as the rest of the world is prepared to sink 19 percent of its GDP into U.S. Treasury debt. We already know the answer to that: In order to avoid the public humiliation of a failed bond auction, the U.S. Treasury sells 70 percent of the debt it issues to the Federal Reserve — which is to say the left hand of the U.S. government is borrowing money from the right hand of the U.S. government. It’s government as a Nigerian e-mail scam, with Ben Bernanke playing the role of the dictator’s widow with $4 trillion under her bed that she’s willing to wire to Timmy Geithner as soon as he sends her his bank-account details.

    If that’s all a bit too technical, here’s the gist: There’s nothing holding the joint up.

    So Washington cannot be saved from itself. For the moment, tend to your state, and county, town and school district, and demonstrate the virtues of responsible self-government at the local level. Americans as a whole have joined the rest of the Western world in voting themselves a lifestyle they are not willing to earn. The longer any course correction is postponed the more convulsive it will be. Alas, on Tuesday, the electorate opted to defer it for another four years. I doubt they’ll get that long.
    The Edge of the Abyss - Mark Steyn - National Review Online

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Grant View Post
    Of course there will be bigger problems and the stage is already being set for that. Can you not see Americans taking sides already, and being encouraged by the President and other members of his Administration? ("They're Going To Put Y'all Back In Chains ..."), the "War on women"? as just a couple of examples.

    The Edge of the Abyss - Mark Steyn - National Review Online
    what that post tells us is the prudent investor should go long on tin foil
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  4. #164
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Jack Fabulous View Post
    I swear this is starting to read exactly like the last chapter of "1984".

    Reid says fiscal cliff dive likely; blasts Boehner for lacking leadership | The Ticket - Yahoo! News

    "Boehner will be to blame “if we go over the cliff, and it looks like that’s where we’re headed,” Reid insisted as the Senate returned to work for a post-Christmas session focused on disaster relief for Sandy victims and renewing key government surveillance powers."


    How much does anyone want to bet that a "miraculous last minute deal" will be struck that avoids the cliff yet does absolutely nothing to address the problem? All just another well played episode of "Kick the Can", I'm afraid...
    As we've been here before, it's not hard to imagine. BTW, there is no fiscal cliff. Just the rich getting impatient for the fascist government they want to kick in.
    Alex Carey:

    ... the 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.

    Australian social scientist, quoted by Noam Chomsky in World Orders Old and New

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by j-mac View Post
    This is a typical liberal response here, ignoring the points made and appealing to emotion, while avoiding a true discussion. If you feel that this is the way you prevail in furthering your views, then you are sadly mistaken. But, since I must go out and buy some groceries before your Presidents incompetence leads to $7 per gallon milk prices, I really have no time right now for your Allenski style silliness. Get a new bag dude, you need it badly....bye bye now.
    Do you even realize that you're the one being emotional and not responding to points. Not only don't you even understand Allenski (only parroting what some idiot conservative talking head told you), but I s doing what you accuse me of.

    You have addressed the points I laid out of how it is not a business in any off your posts. You assert that because they try to attract business, that makes it a business. I spelled how that logic doesn't follow. Twice now you're reacted emotionally and on point. His would you like me to handle that?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  6. #166
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Grant View Post
    Bush? I never mentioned George Bush! Please respond to the quote if you are going to respond at all. I'm interested in the current Presidency and the financial and social future of the United States, not George Bush. What's the matter with you?

    Isn't it about time you started looking toward the future and the consequences of the actions, or lack of action, taken today?
    No president stands alone. There is a context, a comparison aways.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Grant View Post
    You really didn't follow the election campaign much, did you?
    Yes I did. Feel free to address anything I said.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Boo Radley View Post
    Do you even realize that you're the one being emotional and not responding to points. Not only don't you even understand Allenski (only parroting what some idiot conservative talking head told you), but I s doing what you accuse me of.

    You have addressed the points I laid out of how it is not a business in any off your posts. You assert that because they try to attract business, that makes it a business. I spelled how that logic doesn't follow. Twice now you're reacted emotionally and on point. His would you like me to handle that?

    Even more projection....double down....It really is funny.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Boo Radley View Post
    No president stands alone.
    Every president stands alone and will be judged alone.
    There is a context, a comparison aways.
    There might be sometimes but there is little point in comparisons unless that is the topic of conversation and comparisons are invited. Otherwise it is just another uvenile tactic of avoiding debate.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by justabubba View Post
    what that post tells us is the prudent investor should go long on tin foil
    I doubt you're familiar with 'prudent investing'.

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