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Thread: Cruz, Palin join protesters at WWII Memorial[W:793:1010:1190]

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by Conservative View Post
    You have no idea what you are talking about. There was more than enough money to pay the obligations required by law coming into the Treasury each month.
    So you know more than Lew?

    http://www.treasury.gov/initiatives/...20congress.pdf
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    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by j-mac View Post
    There would have been no default.
    Well, in real life when you do not pay your bills, there are consequences.

    And yeah, there would have been no default, because even many of the Republicans realized that the damage that would have been caused would have been irreparable. Luckily, their stunt only cost 24 billion.

    And yes, I said stunt. Coming to a negotiation with a threat of "do what we want or we will shut down the government and assure all of our loans (etc)are not paid is a threat.

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by year2late View Post
    You take national debt defaulting less seriously than I do.
    Please explain how with over 200 billion coming in each and every month of the year that we would default on the 20 billion debt service? You buy what the media and leftwing nuts tell you and don't pay any attention to the facts. Debt service is 250 billion a year or 20 billion a month.

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by year2late View Post
    Well, in real life when you do not pay your bills, there are consequences.
    The country takes in something like $260 billion in tax revenue every month, and the service on the debt is $25 billion per month give or take a couple billion....Now you tell me, unless there was an active decision by the President to actively NOT pay the debt service, why there would be a default....

    But since you want to equate this to what they call "kitchen table" budgeting, let's go with that....I don't know about you, but I don't sit around my kitchen table with the wife, and say 'well honey, we are maxed out on our credit cards, and we need to spend more that we can't pay back now, so let's get that increase in limit'....And when she says hell no! I simply call her a "hostage taker", and "domestic abuser" and shame her into digging deeper into debt that we already can't pay back eh? That's your solution? Really?

    That is called "Bankruptcy"!!!!!
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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by year2late View Post
    Luckily, their stunt only cost 24 billion.
    Please explain how you calculated that, exactly.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Cruz, Palin join protesters at WWII Memorial

    I don't get it, and I mean this sincerely, if we bring in $260-billion every month in tax revenue, and pay $25-Billion in juice each month, wouldn't that mean that if we only pay the juice on the debt, we would have only$2.82 Trillion dollars to spend each year? I am no mathematician, but I think that is right. A trillion is equal to a 1000 billion right?

    So, if I am right, that means if we only pay the minimum on the credit card, we would end up around $1-Trillion short in revenue to pay our bills without a raise in the debt ceiling. And this would not lead to default how? I mean within a few months we could be is some deep shirt, or am I wrong? Again, I am pretty much a moron, so can someone explain to me how this would help our country, our economy, and the world?

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by Gimmesometruth View Post
    Yes, apparently I do, because the power rests with Congress and the law making ability. The House sent the Senate spending bills to meet our obligations, the Senate wanted the shutdown because they knew people like you would blame the Republicans. Lew is an employee of Obama's and I don't trust Obama employees. Please name for me just one economic prediction made by Obama that has been accurate? Or better yet post some more Maddow video showing socialist programs as successes generated by Obama in his first term with a Democrat Congress? Seems all that supposedly "free" stuff really excites liberals like you, a paid operative of the Obama Administration

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by brothern View Post
    Yes. You two should go all out and just straight up arrest the Leftists. Just like how the National Socialists arrested all German Communists/Leftists deputies under the Reichstag Fire Decree, and sent them to concentration camps before finishing up by cleaning out the SPD and all other social democrats.
    No thanks, I'll pass. If I did what you propose, I'd be a leftist.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by DiavoTheMiavo View Post
    I don't get it, and I mean this sincerely, if we bring in $260-billion every month in tax revenue, and pay $25-Billion in juice each month, wouldn't that mean that if we only pay the juice on the debt, we would have only$2.82 Trillion dollars to spend each year? I am no mathematician, but I think that is right. A trillion is equal to a 1000 billion right?

    So, if I am right, that means if we only pay the minimum on the credit card, we would end up around $1-Trillion short in revenue to pay our bills without a raise in the debt ceiling. And this would not lead to default how? I mean within a few months we could be is some deep shirt, or am I wrong? Again, I am pretty much a moron, so can someone explain to me how this would help our country, our economy, and the world?
    It would mean that we would have to prioritize our outlay's, and cut much of the fat out there that is causing the "need" to borrow to pay for these programs that are sending us bankrupt.
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    Re: Cruz, Palin join protesters at WWII Memorial

    Quote Originally Posted by j-mac View Post
    It would mean that we would have to prioritize our outlay's, and cut much of the fat out there that is causing the "need" to borrow to pay for these programs that are sending us bankrupt.
    I agree 100% we should cut a LOT of fat out of government expenditures. It is out of hand and off the hook.

    But what I find puzzling is that some prefer to take the food out of babies mouths, cut education and/or infrastructure before we cut-off aid to foreign countries that aren't worth pissing on or closing tax loopholes (or outright hard-cash subsidies,) to some of the most profitable industries in the country.

    I think we all agree that the spending needs to be cut. It's WHERE we cut that has the people divided.

    It's GREAT to be me. --- "45% liberal/55% conservative"
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