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

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

    Quote Originally Posted by Zyphlin View Post
    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.
    What politician would put their name behind such catastrophic measure?
    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

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

    Quote Originally Posted by Kushinator View Post
    What politician would put their name behind such catastrophic measure?
    Wonderful. So this is the logic we're going off of.

    Great, lets move forward with it.

    We shouldn't sell our country to China to solve the debt crisis as some Democrats are suggesting. I can't tell you which democrats, but I mean...what politicians would put hteir name behind such catastrophic measure? But clearly, WHO would sell our country to China?!

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

    Quote Originally Posted by Zyphlin View Post
    We shouldn't sell our country to China to solve the debt crisis as some Democrats are suggesting. I can't tell you which democrats, but I mean...what politicians would put hteir name behind such catastrophic measure? But clearly, WHO would sell our country to China?!
    If you are going to try and make a point, at least let it reflect a bit of accuracy! As of recently, the largest purchasers of U.S. Treasury debt are the EU and Japan. China has began shifting its U.S. investment into real estate, private equity, and private debt. The procedes of which get soaked up into U.S. banks and money markets.

    None the less: foreign purchases of U.S. debt is a function of the current account!
    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

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

    And secondly... Chinese demand for U.S. sovereign debt is not even 1/100th as bad for economic growth as a move to try to send the Federal government into default.
    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

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    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?
    Since when is lowering our bills something nobody wants to do?

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

    Obama Voted Against Debt Ceiling Increase In 2006 - Business Insider

    Mr. OBAMA: Mr. President, I rise today to talk about America’s debt problem. 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. I therefore intend to oppose the effort to increase America’s debt limit.
    Full Speech: http://www.gpo.gov/fdsys/pkg/CREC-20...t1-PgS2236.pdf

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

    And with merit! The U.S. needed not to continue on with crowding out private investment when employment was near full capacity! Jeez, you righties will say just about anything. It stems from having a child like view of political economy.
    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

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

    Quote Originally Posted by Zyphlin View Post
    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.
    I think it is possible that we would shut down the government to make sure President Obama understands that we’re serious,” House Republican Conference Chairwoman Cathy McMorris Rodgers of Washington state told us. “We always talk about whether or not we’re going to kick the can down the road. I think the mood is that we’ve come to the end of the road.”
    Behind the Curtain: House GOP eyes default, shutdown - POLITICO.com

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    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.
    Anyone who knows what a budget actually is woulnt make such a failure

    A budget is nothing but a plan on how much money is to be raised and how much spent. The spending resolutions, along with the tax laws, constitute a "budget" (lower-case 'b')
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by jonny5 View Post
    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.
    Nonsense. When it comes to deficits, it;s the appropriations bills that matter, not the budget. Budgets don't authorize a single penny is spending.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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