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Thread: Obama aide: Debt limit fight could be "catastrophic"

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Conservative View Post
    Exactly, if you take money from SS and use it to show a lower public debt of course that is where the bulk of the debt comes from. That is why SS has to be removed from the budget and put back off budget like it was before LBJ.
    Too late now. SS is now drawing out more than it puts in. The time to not stea.. I mean borrow from SS was 45 years ago.
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Dittohead not! View Post
    Too late now. SS is now drawing out more than it puts in. The time to not stea.. I mean borrow from SS was 45 years ago.
    So what good does it do keeping it ON budget. Regardless the only way to address the problem is to get it off budget so that more money cannot be stolen, I mean borrowed, from the SS fund.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Lord Tammerlain View Post
    We could pay the Chinese to do it for a tenth the cost
    Do whatever you want, but there is one thing Canada can't change. It can't defend it's north. You don't have the tools or the reach.

    The Chinese will give the Canadian North Slope the same status as Xinjiang and Tibet. China can take northern Canada, and the lower provinces would beg to be admitted into a dysfunctional United States.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Lord Tammerlain View Post
    All of which is something different then trying to cut todays deficit.

    Will both SS and medicare need to be changed signficantly, most definately, but they are not the cause of the 1.4 trillion dollar deficit right now. They will be in 10 years or so if benifits are not cut along with an increase in payroll taxes to pay for them
    There will be no change to SS or Medicare. The young must be taxed and taxed and taxed until the old have had their fill of beer and pizza. Works for me.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Conservative View Post
    So what good does it do keeping it ON budget. Regardless the only way to address the problem is to get it off budget so that more money cannot be stolen, I mean borrowed, from the SS fund.
    What good will it do to take it off budget now? It's too late.

    Unless, of course the feds are ready to start paying back those IOUs...

    Sure, that will happen, when



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    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Dittohead not! View Post
    What good will it do to take it off budget now? It's too late.

    Unless, of course the feds are ready to start paying back those IOUs...

    Sure, that will happen, when



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    Good point, if they ever do it will show that they are serious about the debt reduction. You are probably right, but would love to see pigs fly.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    It seems to me that the Obama aid is blaming republicans for setting a debt limit when they should be blaming each and every congress before this that set so many liabilities that the debt ceiling is exceeding feasibility.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Obama Aide:(from article)
    "The reason the deficit is big this year is because we're coming out of the worst recession since 1929. That's the reason. The longer-run fiscal challenge facing the country is important,"
    I really hope team Obama keeps trying to beat this dead horse into the 2012 election. You would think that they might have gotten a hint in November that the American people see through this kind of BS and aren’t buying it.

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    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by GPS_Flex View Post
    Obama Aide:(from article)

    I really hope team Obama keeps trying to beat this dead horse into the 2012 election. You would think that they might have gotten a hint in November that the American people see through this kind of BS and aren’t buying it.
    The worst recession I ever saw was in 1980-82 when we had 10% unemployment, 17+% interest rates, and double digit inflation. A lot of spoiled kids today buy the liberal rhetoric and have no concept of history.

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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by Conservative View Post
    The worst recession I ever saw was in 1980-82 when we had 10% unemployment, 17+% interest rates, and double digit inflation. A lot of spoiled kids today buy the liberal rhetoric and have no concept of history.
    The Democrats have controlled congress (with overwhelming majorities) and the white house for the last 2 years and have controlled both houses of congress since 2006. Don’t get me wrong, Bush was an idiot for not using his veto pen but the dems aren’t painting the full story on this one.

    They are at least 50% to blame for this recession and 100% to blame for the last couple years of spending. The blame bush dog just won’t hunt anymore and I really, honestly, anxiously hope they haven’t figured it out yet because I know the American people have.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
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    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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