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GOP official: House to vote to lift debt limit

MarineTpartier said:
Not our gov't. At least not currently.
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Yes, I meant they are theoretically capable of it. Our current government cannot even do one thing. Because a capacity limit on gun magazines is the same thing as jackbooted thugs kicking down everyone's door (just like hitler!) and taking all our guns, and the notion that insurance companies should be allowed to charge a co-pay for birth control pill is a war on women.

It's as much our fault as it is theirs.
 
Hatuey said:
GOP official: House to vote to lift debt limit - Yahoo! News



Well, I for one am actually shocked. Why do news like this only get released at night? Also, heads should roll for this. The debt needs to be paid down eventually and we on both just keep avoiding the issue to debate nonsense like gun control and abortions.
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Why not let the progressives hang themselves?

They have no desire to payoff debt - they only care about splurging on their constituents. I say let them... At this point the US is a lost cause.
 
Mr.Nick said:
Why not let the progressives hang themselves?

They have no desire to payoff debt - they only care about splurging on their constituents. I say let them... At this point the US is a lost cause.
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Don't you love the bleak nihilism of conservatism. Another reason why nobody takes it seriously.

Now, back to reality. The nice think is that with the GOP having to back off of crisis mode, the economy is set to take off according to every economists. The GOPs only hope was to squelch the recovery, but it's too late now. As the recovery sets in, the Bush debt will become increasingly irrelevant and the Tea Party Occupation forces will seem more and more for the knownothings they are.

Welcome to post-conservative America! Free at last!
 
head of joaquin said:
Don't you love the bleak nihilism of conservatism. Another reason why nobody takes it seriously.

Now, back to reality. The nice think is that with the GOP having to back off of crisis mode, the economy is set to take off according to every economists. The GOPs only hope was to squelch the recovery, but it's too late now. As the recovery sets in, the Bush debt will become increasingly irrelevant and the Tea Party Occupation forces will seem more and more for the knownothings they are.

Welcome to post-conservative America! Free at last!
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The economy is FUBAR..... Our currency is worth nothing more than monopoly money - the only reason why it is - is because of "faith."

We were downgraded for a reason, European nations are pulling their gold for a reason.

It's only a matter of time....

I see stores closing not opening.....My local strip mall is dead - 9/10 stores are closed and the only ones that remain are big name retailers and franchise businesses - the local small shops are all gone. Obama and the progressives in general are hostile to business. Hell, my family had to shut their doors on their retail store.
 
Mr.Nick said:
The economy is FUBAR..... Our currency is worth nothing more than monopoly money - the only reason why it is - is because of "faith."

We were downgraded for a reason, European nations are pulling their gold for a reason.

It's only a matter of time....

I see stores closing not opening.....My local strip mall is dead - 9/10 stores are closed and the only ones that remain are big name retailers and franchise businesses - the local small shops are all gone. Obama and the progressives in general are hostile to business. Hell, my family had to shut their doors on their retail store.
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Keep telling yourself that, and buy a compound in the desert.

In the meantime all signs indicate the economy is finally going to be experiencing decent growth in the next few quarters. And with that the tea party occupation forces will have to come up with new crank theories.
 
Mr.Nick said:
The economy is FUBAR..... Our currency is worth nothing more than monopoly money - the only reason why it is - is because of "faith."

We were downgraded for a reason, European nations are pulling their gold for a reason.

It's only a matter of time....

I see stores closing not opening.....My local strip mall is dead - 9/10 stores are closed and the only ones that remain are big name retailers and franchise businesses - the local small shops are all gone. Obama and the progressives in general are hostile to business. Hell, my family had to shut their doors on their retail store.
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Who are you going to believe? The Kool Ade drinkers or what everyone sees happening around them?

Good times are always just around the corner for the Leftists. Chicken yesterday, chicken tomorrow, but never chicken today.
 
head of joaquin said:
Keep telling yourself that, and buy a compound in the desert.

In the meantime all signs indicate the economy is finally going to be experiencing decent growth in the next few quarters. And with that the tea party occupation forces will have to come up with new crank theories.
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I'll do whatever I want and you can believe whatever you want.
 
Grant said:
Who are you going to believe? The Kool Ade drinkers or what everyone sees happening around them?

Good times are always just around the corner for the Leftists. Chicken yesterday, chicken tomorrow, but never chicken today.
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The "leftists" live in a fun house. They view reality in those trick mirrors. Reality is no concern just perception. They believe if they scream recovery loud and often it will happen. If an inconvenient truth exists they can plug their ears with their fingers and cry lalalalalala...
 
sangha said:
How about before they vote to authorize all that spending?
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Exactly, while the GOP was complaining about spending, and 90 Democrats voted against it, the GOP unanimously voted for spending $630 billion dollars on the military industrial complex in 2013, almost as much as the rest of the world combined!
 
sangha said:
Because changing the subject is what posters do when they've been pwned
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The subject is cutting spending right? So me pointing out that year over year spending increases are not spending cuts is changing the subject? I think I remember now why I dont waste much time responding to your posts.
 
Catawba said:
Exactly, while the GOP was complaining about spending, and 90 Democrats voted against it, the GOP unanimously voted for spending $630 billion dollars on the military industrial complex in 2013, almost as much as the rest of the world combined!
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It was passed in the Senate unanimously first. Not that Im disagreeing with the point.
 
Lord Tammerlain said:
A spending freeze would also help

Keep spending at 2013 levels for 10 years and the budget, assuming 2-3% GDP growth on average would most likely dissappear in 10 years
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Only in the dreams of some group that doesn't understand economics. All projections of the 'zero increase in spending' proposal show devastating economic results. A nation isn't a family so comparing personal actions to those of a nation is a major failure to grasp economic reality.
 
The Barbarian said:
So tell Me with all these "cuts" that you claim have been made ... why has the deficit stayed at over a trillion dollars ??
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Uh, a poor economy that is recovering more slowly than it would be if there hadn't been so much obstructionism by one of the parties.
 
Somerville said:
Only in the dreams of some group that doesn't understand economics. All projections of the 'zero increase in spending' proposal show devastating economic results. A nation isn't a family so comparing personal actions to those of a nation is a major failure to grasp economic reality.
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As opposed to the devestating economics results we are having with the current system of borrow and spend?
 
Somerville said:
Uh, a poor economy that is recovering more slowly than it would be if there hadn't been so much obstructionism by one of the parties.
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No, it would be because both the President and the obstuctionism party both proposed budgets which has trillion dollar deficits for the next 10 years. No one is interested in balancing the budget.
 
Grant said:
In fact more people are in food stamps than ever before, unemployment has not improved, the infrastructure is crumbling and the debt is increasing by over $3 billion a day, with nothing to show for it.

That's progress, huh?
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Economy has not improved as rapidly as it could have with more stimulus spending

Unemployment has improved if you count from the days when it hit its peak in Feb 2010 and not from Inauguration Day in 2009;

The infrastructure is crumbling but all we hear from the GOP is "cut spending". Tell us - how do you repair, renovate and improve American infrastructure without paying for it?

As noted earlier, America's economy is doing better than the rest of the industrialised world, so there is "something to show for it"
 
jonny5 said:
As opposed to the devestating economics results we are having with the current system of borrow and spend?
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You are showing a lack of knowledge of economics on a national scale. Did you complain about the deficit spending during the period from 2001 to 2009?
 
jonny5 said:
No, it would be because both the President and the obstuctionism party both proposed budgets which has trillion dollar deficits for the next 10 years. No one is interested in balancing the budget.
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People are 'interested' but those who are capable of grasping the complexities of the modern world, for the most part, understand that an immediate "balancing of the national budget" would result in a depression worse than that experienced in the 1930s
 
Somerville said:
Did you complain about the deficit spending during the period from 2001 to 2009?
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Well to be fair while there are hypocrites who are complaining about the spending under Obama now that didn't under Bush, there are also hypocrites that complained about spending under Bush that aren't now that Obama is doing it.

There are hypocrites on all sides.
 
TheNextEra said:
Well to be fair while there are hypocrites who are complaining about the spending under Obama now that didn't under Bush, there are also hypocrites that complained about spending under Bush that aren't now that Obama is doing it.

There are hypocrites on all sides.
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I can agree with this to some extent but not totally - the states of the national economy are not comparable, Bush entered office with a surplus in the national budget and with shrinking deficit projections according to CBO. Obama entered office with an economy in free fall. Bush and his people cut taxes using a justification that the government had too much money and cutting taxes would so stimulate the economy that it wouldn't make much difference anyway, they started a totally unnecessary war in Iraq and botched a war in Afghanistan, greatly prolonging it and requiring the Obama people to continue paying for said war during a period of recession.

Much of the spending at this time is a direct result of the recession, debt payments on the Bush era deficits and increased military spending.

There is a perception, created by the large noise machine of the right that President Obama is a spendthrift, wasting the taxpayers money but it just ain't so
[
URL="http://www.bloomberg.com/news/2013-01-22/obama-channels-eisenhower-with-anemic-government-spending-growth.html"]
Obama Channels Eisenhower With Anemic Government Spending Growth[/URL]

Senate Republican leader Mitch McConnell says it’s time for the president to “get serious about spending.” The budget numbers suggest Barack Obama already has, with beneficial effects on the deficit.

Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data. That’s down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package.
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Somerville said:
People are 'interested' but those who are capable of grasping the complexities of the modern world, for the most part, understand that an immediate "balancing of the national budget" would result in a depression worse than that experienced in the 1930s
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Ok, I get it. Were all a bunch of dumbasses. Thanks for your contribution to this thread.
 
Somerville said:
You are showing a lack of knowledge of economics on a national scale. Did you complain about the deficit spending during the period from 2001 to 2009?
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jonny5 said:
Yes I did. And I dont appreciate the insults.
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Good for you if you complained during those years. What part of the spending by the feds should have been cut in the Bush years? Did you approve of the tax cuts which were the primary cause for the deficits?


What "insults"?
 
Somerville said:
Good for you if you complained during those years. What part of the spending by the feds should have been cut in the Bush years? Did you approve of the tax cuts which were the primary cause for the deficits?


What "insults"?
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Youve called people who disagree with you ignorant several times now. The tax cuts were not the primary cause of the deficits and I wholeheartedly approved. And I would have cut entire depts, starting with HHS and SSA.
 
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