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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 Kushinator View Post
    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.
    Do you mean like Obama will just say anything too?

    (2) Based on his new rhetorical framing device, Obama himself voted for American "deadbeat" status as a freshman Senator in 2006. And I quote:

    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.

    Republicans have been calling for a restoration of normal order for years. It's Democrats in the Senate who have refused to even introduce a budget for nearly four years, leading to one countdown cliff after another. If the president truly wants this appalling ad hoc governance to end, he ought to have a terse conversation with Harry Reid and Patty Murray, not lecture Republicans

    Obama is now resurrecting these revenues (which caused liberals some convenient amnesia just a few weeks ago). Republicans should hold firm that these potential revenues -- which would come through closing loopholes and eliminating deductions -- will only be placed back on the table if they're part of a broader tax reform package that includes lowering rates across the board. It's also worth mentioning that Congress and the president authorized a $2.1 trillion debt ceiling hike just 17 months ago. We've already blown through all of it, but playing a little political hardball to stem the insanity is somehow the height of irresponsibility. It's going to be a long four weeks years

    UPDATE - Right on cue, the White House has informed the House Budget Committee that the president will not produce his FY 2014 budget on time. Obama has missed 80 percent of his statutory budget deadlines......snip~

    Obama: "We Are Not a Deadbeat Nation" - Guy Benson


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

    Quote Originally Posted by digsbe View Post
    So, essentially Obama is speaking like an arrogant child and refusing to compromise on the budget.
    Compromises and demands regarding budgetary matters should be brought to the table when the appropriation committees are actually tasked with doing so, not ramrodded through in an opportunistic fashion.

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

    Quote Originally Posted by MMC View Post
    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.
    Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.

    But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.
    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'

    No one has appeared to notice that in the same press conference he indicated he could and would restrict Second Amendment rights through executive order. The budget talk coming from him is scary, but this is by far scarier still.

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

    Quote Originally Posted by Kushinator View Post
    Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.

    But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.
    You are correct but Obama wasn't arguing that. He isn't a Keynesian.
    "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."

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

    Quote Originally Posted by clownboy View Post
    No one has appeared to notice that in the same press conference he indicated he could and would restrict Second Amendment rights through executive order. The budget talk coming from him is scary, but this is by far scarier still.
    Maybe because he didn't say anything like that (except in the minds of 2nd amend bed-wetters)
    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 Kushinator View Post
    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.
    You know nothing about economics

    That much is obvious

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

    You know what. I am really sick and tired of this crap going on in Washington !!!!!

    The tea party movement hasn't done anything in congress but make noise. Can anybody tell me anything positive that came out of their movement in the last 4 years??? You guys caused more problems then you did correcting them. You had the president willing to give you 1.2 trillion dollars in spending cuts, but no you turned it down for a big fat 0 in spending cuts.

    GREAT ******** JOB GUYS !!!!!!

    Thanks to this crap I am paying higher taxes out of my check and that pisses me off because it was a self inflicted problem. Now the economy is showing signs that it is really starting to pick up steam and what they want to do? Take the freaking economy hostage !!!!!! And people are cheering this crap on ????? WTF

    YOU ARE NOT GOING TO GET WHAT YOU WANT !!!! So try working with the other side for once.

    !!!!!!!! JESUS CHRIST !!!!!!!!

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

    Quote Originally Posted by sangha View Post
    Maybe because he didn't say anything like that (except in the minds of 2nd amend bed-wetters)
    But will Congress adopt proposals like renewing the assault weapons ban? “I don’t know,” Obama acknowledged. Lawmakers opposed to such steps must "examine their own conscience." In some cases, Congress won't act but he will, the president said.

    I’m confident that there are some steps that we can take that don’t require legislation and are within my authority as president," he said. "How we are gathering data, for example, on guns that fall into the hands of criminals and how we track that more effectively.”.....snip~

    Obama to gun-control foes: Examine your conscience | The Ticket - Yahoo! News


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

    Quote Originally Posted by Kushinator View Post
    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!
    No, no...you see, "some" Democrats are actually seriously considering a bill to actually sell our Country to the Chinese to deal with our debt. It's absolutely true I tell you, though I can't tell you a single actual named source but that's of course understandable and doesn't make it any less believable because who would ever want to put their name to such an idea.

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