Page 7 of 23 FirstFirst ... 5678917 ... LastLast
Results 61 to 70 of 229

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

  1. #61
    Global Moderator
    Moderator

    Zyphlin's Avatar
    Join Date
    Jul 2005
    Location
    NoMoAuchie
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    47,974

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

    Yes....I read it. Unless I'm missing something, it doesn't name a single GOP individual (actually points out some that specifically are saying they don't want a default) and just claims that there are some with nothing to support it. If I missed them giving a specific name, I'll be happy to see it.

    Shutting down the Federal Government != defaulting on our loans or not paying our bills

  2. #62
    Banned
    Join Date
    Jun 2012
    Last Seen
    10-20-13 @ 04:50 AM
    Lean
    Libertarian - Right
    Posts
    3,195

    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.
    So much ignorance and fail in one post. Hilarious.

    Listen it's simple. Obama spent nearly 6 trillion within his first 4 years in office. He signed his failed stimulus 2.17.2009 and promised it would have an immediate effect on job creation. Summer 2010 was supposed to be the "Summer of Recovery". His appointed Economic Team projected we'd be around 5% Unemployment right now. Even with laughable attempts at inflating the numbers with a massive infusion of Federal Government Workers, he still can't get anywhere close to that. More people are unemployed long term under his "leadership" than since WW2.

    There is no productivity associated with handing out welfare to 128 million americans every month. Most of the money is spent on commodities, which are purchases that would have been made anyways (food/gasect) so it's a wash. Money is being taken out of the Private Economy, which is where the wealth is created, to "employ" Government Workers and hand out to people on welfare. There is no new wealth being created. There is no net gain.

    47 million on Food Stamps

    70 million on Medicaid

    53 million on SS

    50 million on Medicare

    The Obama Administration is teaching immigrants how to get on welfare. Not how to get a job. How to get a Government check

    WelcometoUSA.gov | Government Benefits

    The Middle Class has shrunk to an all time low under Obama

    Census: Middle class shrinks to an all-time low - Washington Post

    Median Income DOWN 4 years in a row. Man, if we only had even MORE DEFICIT spending right?

    Income, Poverty and Health Insurance Coverage: 2011 - News Conferences - Newsroom - U.S. Census Bureau

    Amount of Americans living in poverty has increased by 15 million since Obama took office

    Census: Middle class shrinks to an all-time low - Washington Post

    Record amounts of Student Loan Debt in a job market where wages are going down, yet requiring more education. You want to talk about crowding out? How about the poor minorities who are getting crowded out of the job market by newly graduated college students. You can only wish we'd be anywhere near full employment under Obama.

    People on welfare outnumber people with jobs in 11 states, but hey, let's borrow/print/spend more money! What could possibly go wrong?

    Are You Living in a “Death Spiral” State … And If So, What Should You Do About It? | Fox News Insider

    After trillions spent by Obama, including his Omnibus Spending bill and Failed Stimulus, people of working age with jobs is on the decline

    Civilian Employment-Population Ratio (EMRATIO) - FRED - St. Louis Fed



    Obama is already spending 5.60% for every 1$ generated in the private economy, but somehow in your warped perception of Economics, that isn't enough. Your assumption that the Federal Government currently isn't taking in enough money is a strawman. It's a fallacy. Obama is borrowing 46 cents for every damn dollar he spends, with yearly trillion dollar deficits. He's been illegally spending at TARP levels of expenditures now going on 4 YEARS and his crony pal Harry Reid hasn't passed a budget since before the IPhone was came out.

    The only explanation for your behavior is cult worship. It certainly isn't logic and reasoning.

  3. #63
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:42 PM
    Gender
    Lean
    Independent
    Posts
    16,254

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

    Quote Originally Posted by Zyphlin View Post
    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.
    The difference is, such a bill does not exist where as the debt ceiling actually does exist. Perhaps you should take a look at the piece Don was kind enough to provide.
    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

  4. #64
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:42 PM
    Gender
    Lean
    Independent
    Posts
    16,254

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

    Quote Originally Posted by Zyphlin View Post
    Shutting down the Federal Government != defaulting on our loans or not paying our bills
    Hitting the debt ceiling = U.S. Treasury unable to issue new debt = not being able to pay our obligations because we lack the revenue necessary to do so.
    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

  5. #65
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:42 PM
    Gender
    Lean
    Independent
    Posts
    16,254

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

    Quote Originally Posted by Bronson View Post
    You know nothing about economics

    That much is obvious

    tenchar
    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

  6. #66
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

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

    Quote Originally Posted by MMC View Post
    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

    I was right. Only 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..

  7. #67
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

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

    Quote Originally Posted by sangha View Post
    I was right. Only in the minds of 2nd amend bed-wetters
    No you were actually wrong.....as that is what Obama stated. Notice that part about there are some steps that we can take that don't require legislation, and are within my authority as president.

    Kinda hard to get round that point he made.

  8. #68
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:42 PM
    Gender
    Lean
    Independent
    Posts
    16,254

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

    Quote Originally Posted by Bronson View Post
    Listen it's simple. Obama spent nearly 6 trillion within his first 4 years in office. He signed his failed stimulus 2.17.2009 and promised it would have an immediate effect on job creation. Summer 2010 was supposed to be the "Summer of Recovery". His appointed Economic Team projected we'd be around 5% Unemployment right now. Even with laughable attempts at inflating the numbers with a massive infusion of Federal Government Workers, he still can't get anywhere close to that. More people are unemployed long term under his "leadership" than since WW2.
    Financially driven recessions precipitated by trillions upon trillions of dollars in wealth losses tend to be the most difficult to circumnavigate. I am not here to make excuses for a stimulus package that lacked the size and velocity (for reasons that require a different type of discussion) to deal with the loss of economic output.

    There is no productivity associated with handing out welfare to 128 million americans every month. Most of the money is spent on commodities, which are purchases that would have been made anyways (food/gasect) so it's a wash.
    Nope! People who lose their jobs cannot afford to support their local retailers and wholesalers at levels necessary to keep said retailers and wholesalers from reducing their labor costs. Fact: You balance the budget today and the U.S. goes into a deeper recession than in 2007-2009 as $1 trillion leaves the economy.

    Money is being taken out of the Private Economy, which is where the wealth is created, to "employ" Government Workers and hand out to people on welfare. There is no new wealth being created. There is no net gain.
    Nonsense. Money is flowing from the capital markets into the U.S. Treasury which is used to pay for government expenditures of goods and services. Remove this money, and those who once received these payments for providing goods and services will be at a rather large shortfall. And what would the natural response be? To cut labor costs of course, thereby creating even greater loss of jobs.
    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

  9. #69
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

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

    Quote Originally Posted by Zyphlin View Post
    Yes....I read it. Unless I'm missing something, it doesn't name a single GOP individual (actually points out some that specifically are saying they don't want a default) and just claims that there are some with nothing to support it. If I missed them giving a specific name, I'll be happy to see it.

    Shutting down the Federal Government != defaulting on our loans or not paying our bills
    The quote was contained in the very post you quoted, in which a Republican House Chairwoman stated that a shutdown of the federal government is on the table as a viable strategy.

    Nope, a shutdown of the federal government would render us unable to fulfill a portion of our debt obligations.
    Last edited by a351; 01-14-13 at 07:02 PM. Reason: Typo

  10. #70
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 03:54 AM
    Gender
    Lean
    Liberal
    Posts
    23,366

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

    Quote Originally Posted by Fisher View Post
    Since when is lowering our bills something nobody wants to do?
    Who said that? Obama wants to reduce the deficit further with budget cuts and revenue from tax reform. That has nothing to do with paying the bills though.

Page 7 of 23 FirstFirst ... 5678917 ... 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
  •