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Senate reaches deal to end shutdown, avoid default

While I'm certainly no expert on congressional procedural rules, my answer to that question would be: apparently enough to matter.

The figure the left oriented folks around here keep quoting is 18. That puts the death to the notion that the tea party contingent shut down the government.
 
It is a good day when Ted Cruz promises to continue this for the next 12 months..
The figure the left oriented folks around here keep quoting is 18. That puts the death to the notion that the tea party contingent shut down the government.
 
While I'm certainly no expert on congressional procedural rules, my answer to that question would be: apparently enough to matter.

No, there are sufficient Democrats plus sane Republicans to pass this.
 
No, there are sufficient Democrats plus sane Republicans to pass this.

Hey, congratulations, you got a three month extension, kick the can down the road which is what you seem to support. Doesn't matter that the 2011 debt ceiling debate was so successful that we still don't have a budget, and we have almost 17 trillion in debt instead of 14.7 when the last debt ceiling was raised. Congratulations, Liberals, you are getting that entitlement utopia that you all want.
 
Hey, congratulations, you got a three month extension, kick the can down the road which is what you seem to support. Doesn't matter that the 2011 debt ceiling debate was so successful that we still don't have a budget, and we have almost 17 trillion in debt instead of 14.7 when the last debt ceiling was raised. Congratulations, Liberals, you are getting that entitlement utopia that you all want.

it's a lot better then defaulting.
 
it's a lot better then defaulting.

You can only kick the can down the road so far. Right now our debt is over 100% of our GDP and rising. It is unsustainable so all we are doing is postponing the inevitable. The American people who support liberalism are going to be hurt the worst because their welfare cards are going to be worthless due to the upcoming inflation.
 
You can only kick the can down the road so far. Right now our debt is over 100% of our GDP and rising. It is unsustainable so all we are doing is postponing the inevitable. The American people who support liberalism are going to be hurt the worst because their welfare cards are going to be worthless due to the upcoming inflation.

Bull****. You don't get to just make **** up. CBO | The 2013 Long-Term Budget Outlook

Debt to GDP is 73 % and not projected to reach 100 % until 1938.

Why must you lie so often?
 

Well. That went well. Really great job, everyone. We sure won a pretty big victory, here.

Which, I have to confess, I don't actually understand at all. But on the face of it I'm guessing it means poor people have more hoops to jump through. Shocker.

You have to actually verify that you rate the subsidies, as opposed to just checking the box that says "give me free money". That we wanted to delay this at all in the beginning is only indicative that the administration wanted as many people on the subsidies, and was willing to increase fraud in order to increase subsidization.
 
conservative said:
You can only kick the can down the road so far. Right now our debt is over 100% of our GDP and rising. It is unsustainable so all we are doing is postponing the inevitable. The American people who support liberalism are going to be hurt the worst because their welfare cards are going to be worthless due to the upcoming inflation.
Bull****. You don't get to just make **** up. CBO | The 2013 Long-Term Budget Outlook

Debt to GDP is 73 % and not projected to reach 100 % until 1938.

Why must you lie so often?

Ahem. From your source:

Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP).

:( Why must you not only engage in lies, but engage in such patently stupid ones? You know full well that the debt held by the public is not the full U.S. debt, which is what he was referring to.

Here you are, from the famously rabid right-wing BBC:

_70532713_global_debt_borrowing_percentage_gdp_464.gif


See how the little orange line for the U.S. ends a little bit further to the right than the line marked "100"? ;)

Per the Department of Commerce Bureau of Economic Analysis US GDP is about $16.66T. According to the Department of the Treasury the U.S. Public Debt is about $16.75T.

If I may offer a suggestion, It might help if you don't go around accusing others of making **** up and lying when, in fact, they are correct ;).
 
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Ahem. From your source:

Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP).

Why must you lie so often?

I figured we were using meaningful statistics. Shame on me.
 
I figured we were using meaningful statistics. Shame on me.

no. You accused someone of lying and making **** up when, in fact, they were factually correct, and your reply was a different measurement than the one they had measured. You can complain about the stat if you like (it is hardly meaningless), but that is not the same as arguing that the specifics presented are not only incorrect, but are deliberately falsified. The major problem here is not even that you were wrong, but that you are so quick to declare that your opposition, by virtue of being your opposition, must be lying. This is simply a rather blatant incident because you were So Very Demonstrably Wrong, and your opposition was So Easily Proven Correct. Either you didn't know what you were talking about, or didn't bother to read thoroughly, and either way, didn't let that stop you from leaping immediately to cast aspersions on others. :shrug:
 
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Senate reaches deal to end shutdown, avoid default - CNN.com


Also, not verified but...



Which, I have to confess, I don't actually understand at all. But on the face of it I'm guessing it means poor people have more hoops to jump through. Shocker.

The "Shocker" is that people would get a subsidy from big daddy government without even having to verify if you quality for it. Our liberal controlled government now wants to give money to anyone who asks for it. Does anyone wonder why our National Debt keeps skyrocketing.
 
Ahem. From your source:

Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP).

:( Why must you not only engage in lies, but engage in such patently stupid ones? You know full well that the debt held by the public is not the full U.S. debt, which is what he was referring to.

Here you are, from the famously rabid right-wing BBC:

_70532713_global_debt_borrowing_percentage_gdp_464.gif


See how the little orange line for the U.S. ends a little bit further to the right than the line marked "100"? ;)

Per the Department of Commerce Bureau of Economic Analysis US GDP is about $16.66T. According to the Department of the Treasury the U.S. Public Debt is about $16.75T.

If I may offer a suggestion, It might help if you don't go around accusing others of making **** up and lying when, in fact, they are correct ;).

Absolutely outstanding, thank you very much. you see the left is focused on distortion and totally ignores that the Intergovt. holdings are part of the debt and that we pay debt service on the TOTAL debt not just public debt. The left always calls someone who doesn't agree with them liars and worse totally ignoring their own arrogance, lies, and distortions.
 
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I wonder what it is about liberals that create this kind of loyalty and lack of any ability to think. Those that claim we aren't at 100% of GDP, please explain to me what the current debt is today and what is the current GDP? To get the percentage of debt to GDP take the debt and divide it by the GDP. What is 16.8 trillion debt divided by 16.7 trillion GDP? I don't understand these people. They hear the report of the 17 trillion debt, they read the news about the 16 plus trillion economy and then post the crap about a 73% Debt to GDP ratio?
 
They gambled with the well being of the American people, and lost.

boehnercantorwhiteflag.jpg

The cost of the government shutdown was a whopping 24 billion. How can they even pretend to whine about the deficit now, especially with the egg all over their faces?
 
no. You accused someone of lying and making **** up when, in fact, they were factually correct, and your reply was a different measurement than the one they had measured. You can complain about the stat if you like (it is hardly meaningless), but that is not the same as arguing that the specifics presented are not only incorrect, but are deliberately falsified. The major problem here is not even that you were wrong, but that you are so quick to declare that your opposition, by virtue of being your opposition, must be lying. This is simply a rather blatant incident because you were So Very Demonstrably Wrong, and your opposition was So Easily Proven Correct. Either you didn't know what you were talking about, or didn't bother to read thoroughly, and either way, didn't let that stop you from leaping immediately to cast aspersions on others. :shrug:

Leftist are adolescents who have temper tantrums when adults confront them with facts
 
The cost of the government shutdown was a whopping 24 billion. How can they even pretend to whine about the deficit now, especially with the egg all over their faces?

Let me get this straight, you have a problem with a 24 billion cost and not the 17 trillion dollar debt? You apparently weren't concerned about the 14.7 trillion dollar debt in 2011 that you approved of the increase? Now tell me how much the President cares about the deficit and debt when he proposes a 3.77 trillion dollar budget?
 
The cost of the government shutdown was a whopping 24 billion. How can they even pretend to whine about the deficit now, especially with the egg all over their faces?

Do you have any idea how long it takes for the US Government to add $24 billion to their debt? Or the last time a budget passed? Or when the next spending crisis will hit?

US Debt Clock :: National Debt of United States

U.S. debt crisis spurs Chinese calls to de-Americanize’ world - The Washington Post
 
Hey, congratulations, you got a three month extension, kick the can down the road which is what you seem to support. Doesn't matter that the 2011 debt ceiling debate was so successful that we still don't have a budget, and we have almost 17 trillion in debt instead of 14.7 when the last debt ceiling was raised. Congratulations, Liberals, you are getting that entitlement utopia that you all want.

Spending levels that the GOP insisted on back in July, but ok. Lay it all on Democrats.

and if you think I support doing this same **** again in three months, you're delusional.
 
Spending levels that the GOP insisted on back in July, but ok. Lay it all on Democrats.

and if you think I support doing this same **** again in three months, you're delusional.

But that's just whats going to happen, as it does every three months.

What can you expect from a president with no administrative experience, business experience or real political experience. It's not Barrack Obama's fault he became President, he probably never thought he had a chance and just wanted to get his name out there, like the recently invisible Joe Biden does every election cycle.

His spotty record was known, but what about the people who elected him? What if they elect another Barrack Obama type next time round?
 
And so it continues yet again....

Today we'll borrow gobs more money, not to pay down the debt, but to pay the interest on the interest on the interest of the debt.

Borrowing money we couldn't pay back in a million years.

Default is merely a matter of time. The music is going to stop pretty soon.
 
Spending levels that the GOP insisted on back in July, but ok. Lay it all on Democrats.

and if you think I support doing this same **** again in three months, you're delusional.

The sequester was slowing the growth of spending not any cuts and yes, the GOP didn't demand enough but look what happened when they did. If you don't support the same old crap then why do you support what Obama is doing?
 
Do you have any idea how long it takes for the US Government to add $24 billion to their debt? Or the last time a budget passed? Or when the next spending crisis will hit?

The shutdown will end up costing the American taxpayer (every citizen at that) $24 billion in economic activity, and about $5.4 billion in tax revenue.

You must be very proud of the men and women you voted for!
 
And so it continues yet again....

Today we'll borrow gobs more money, not to pay down the debt, but to pay the interest on the interest on the interest of the debt.

Borrowing money we couldn't pay back in a million years.

Default is merely a matter of time. The music is going to stop pretty soon.

Come on, this is just too easy!

The level of debt is of no consequence; it's really a matter of output! For example, in 1947, debt to output was roughly 120% - 140% depending on if you use GNP or GDP. At that time, it was roughly $290 billion in federal debt, relative to $260 billion in output.

If someone in 1947 said we would never be able to pay off that in 100 years, they would be wrong. The U.S. pays roughly $420 billion in interest payments annually. In 66 years, who knows what the level of the public debt will be. We do know that the interest payments will be somewhere in area of $17 trillion :2razz:
 
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