Page 4 of 23 FirstFirst ... 2345614 ... LastLast
Results 31 to 40 of 229

Thread: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

  1. #31
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    Yesterday @ 07:18 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,897

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    Quote Originally Posted by tessaesque View Post
    I fail to see how putting "budget" in lower case in anyway negates the fact that the statement was incorrect.
    An appropriations bill is a form of budgeting. I'm sorry if you got caught up in the semantics, but it doesn't really matter what you want to call it.

    Quote Originally Posted by ttwtt78640 View Post
    So we should shut down the gov't instead? Obama will not negotiate, as he has a "mandate" to keep right on borrowing and spending - just ask him. "Budget" negotiations require a "budget", can you show us one for any year since Obama was in office? I seem to recall that the new "budget" deal is using "continuing resolutions" to keep federal spending based upon the 20% increased level attained in 2008/9 with the "one time" TARP and ARRA (stimulus) "crisis" and "emergency" added "Bush" spending. We were told it was the "Bush wars" that made federal spending so high, yet how much did the federal deficit/spending go down after the "Bush" Iraq war ended? Hmm...
    If republicans wanted to be consistent in their position they would oppose the appropriations bills and shut the government down. They would not support the appropriations bills then oppose raising the debt ceiling to finance the spending they approved. That is hypocritical. Obama is not choosing to negotiate on this issue because it really should not be a problem to raise the debt ceiling to fund the spending that congress has already approved. That is why he is not negotiating. These talks should be within the context of the budget, not the debt ceiling.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  2. #32
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Yesterday @ 04:48 PM
    Gender
    Lean
    Libertarian
    Posts
    14,040

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    Quote Originally Posted by Khayembii Communique View Post
    An appropriations bill is a form of budgeting. I'm sorry if you got caught up in the semantics, but it doesn't really matter what you want to call it.



    If republicans wanted to be consistent in their position they would oppose the appropriations bills and shut the government down. They would not support the appropriations bills then oppose raising the debt ceiling to finance the spending they approved. That is hypocritical. Obama is not choosing to negotiate on this issue because it really should not be a problem to raise the debt ceiling to fund the spending that congress has already approved. That is why he is not negotiating. These talks should be within the context of the budget, not the debt ceiling.
    One has nothing to do with the other. One is an outlay, a order to buy something. Another is revenue. A way to pay for it. Obama prefers to use a credit card. Conservatives want to use cash, by moving it from one order to another.

  3. #33
    Student
    Join Date
    Dec 2012
    Location
    Mississippi
    Last Seen
    07-30-14 @ 04:58 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    206

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    Quote Originally Posted by longview View Post
    This cannot be shown enough.
    “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” …….. Senator Barack Obama
    One of the few times I might agree with Obama.
    They should put that on a t-shirt , how many times has he raised it since becoming president?

  4. #34
    User
    Join Date
    Sep 2012
    Last Seen
    03-07-13 @ 12:10 PM
    Gender
    Lean
    Independent
    Posts
    96

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    The government had to raise the debt celing last year to pay its obligations. The same arguments apply.That should have made us even, last year, right? So why do we need to raise the debt ceiling again? The boneheads did not try to save anything, but spent even more since they got away with it.

    If we cover our debt again, and break even by raising the ceiling, what prevents the same boneheads from overspending again, next year? As long as there is no penalty for the boneheads why should they not continue this game each year?

    I would let the government default for as many days as needed so the spending goes back to last years debt ceiling.

  5. #35
    Sage
    longview's Avatar
    Join Date
    Jan 2012
    Location
    Texas
    Last Seen
    Today @ 09:09 AM
    Gender
    Lean
    Conservative
    Posts
    14,361

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    The only non discretionary spending our Federal Government engages in,
    is the servicing the Federal Debt.
    Everything else should be on the table.
    We have a national revenue of $2,302,495 Million and spend $3,598,086 Million.
    (TABLE FFO-1.—Summary of Fiscal Operations 2011)
    So we need to trim 36% from our budget, It actually needs to be more, as $454,000 Million
    will be used to service the debt.
    So we need to get spending down to about 1,800,000 Million per year.
    It is a tough choice, but any other will lead to financial ruin.

  6. #36
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 05:52 PM
    Gender
    Lean
    Liberal
    Posts
    23,382

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    Quote Originally Posted by Fisher View Post
    I wouldn't give this WH what it wants if it does not put some skin in the game, but I am not the Speaker.
    Since when is paying our bills something that everybody doesn't want to do?

  7. #37
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 02:01 AM
    Gender
    Lean
    Independent
    Posts
    16,261

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    It is a very bad idea to attempt to hold the country hostage for ideological purposes. Reason being, the President can simply supersede the debt limit by issuing transferable registered warrants. Their are rumors afloat that financing companies are likely to emerge from such an action. The idea is they will pay something like 90% of the warrant value in cash/direct deposit.

    Republican lawmakers must really have desire to become irrelevant.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #38
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    In terms of the issue of one's not being able to assume rationality applies at all times in Washington that I had mentioned earlier, the Politico.com blog suggests that there is a number of House Members who might be inclined to force a partial default. That piece can be found at: Behind the Curtain: House GOP eyes default, shutdown - POLITICO.com

  9. #39
    Global Moderator
    Moderator

    Zyphlin's Avatar
    Join Date
    Jul 2005
    Location
    NoMoAuchie
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    47,998

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    Quote Originally Posted by iguanaman View Post
    Since when is paying our bills something that everybody doesn't want to do?
    Please quote me who is specifically not wanting to "pay our bills"? At best, all I keep seeing is media types stating that's what "some" GOP members want to do...but never producing any quotes that I've seen. I'd be happy to see ones and happily lambast them.

  10. #40
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 07:19 PM
    Gender
    Lean
    Libertarian
    Posts
    34,668

    re: Obama chides GOP on debt limit: 'We are not a deadbeat nation'

    Quote Originally Posted by iguanaman View Post
    Since when is paying our bills something that everybody doesn't want to do?
    Obama has made it quite clear that he will "pay for" only what extra he may extract from "the rich", by increasing taxation on them, calling this "needed balance" and demands at least a $1 in added taxation for each $1 in spending cuts. This puts the congress critters in a very unique position of having both parties in basic agreement to just keep right on borrowing and spending throughout the reign of Obama. The fundamental transformation of America is well underway.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

Page 4 of 23 FirstFirst ... 2345614 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •