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

  1. #311
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by The Prof View Post
    senator barack obama, jan 13, 2006: raising the debt ceiling is "a sign of failed leadership"

    Dems, GOP jockey over debt ceiling - Jonathan Allen and Jake Sherman - POLITICO.com
    The debt cieling is a political joke (practically). Don't let anyone tell you different. The real vote is on the annual budget. If a congressman (or woman) votes for a deficit, and then acts like the rising debt cieling is of concern, they are doing nothing but political grandstanding. They are banking on the ignorance of the voters.

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

    if he's so concerned about medical bankruptcies why did his hhs surrender the elimination of the annual limit?

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

    Quote Originally Posted by drz-400 View Post
    The real vote is on the annual budget.
    the party punted its responsibility of proposing a blueprint for 2010

    Dems won

    that's why we had to get by with all those stopgap appropriations, the last one being reid's ugly omnibus which he too surrendered

    Democrats concede budget fight to Republicans - David Rogers - POLITICO.com

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

    Quote Originally Posted by The Prof View Post
    senator barack obama, jan 13, 2006: raising the debt ceiling is "a sign of leadership failure"

    Dems, GOP jockey over debt ceiling - Jonathan Allen and Jake Sherman - POLITICO.com
    In 2006, we were not in a deflationary recession.
    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

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

    Quote Originally Posted by The Prof View Post
    the party punted its responsibility of proposing a blueprint for 2010

    Dems won

    that's why we had to get by with all those stopgap appropriations, the last one being reid's ugly omnibus which he too surrendered

    Democrats concede budget fight to Republicans - David Rogers - POLITICO.com
    I'm not really disagreeing with you. If any congress person voted for the budget and against raising the debt cieling they are doing so only to score political points (in an extremely irresponsible way).

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

    Quote Originally Posted by Conservative View Post
    How about answering the question, how many of those that filed bankruptcy chose not to participate in insurance programs available to them?
    I have no idea. The new legislation will force people on programs available to them!


    In a country of 308 million what percentage is 800k? You would create a Federal Monstrosity to cover 800K?
    These 800k force health care costs to rise. Reason be, if they declare bankruptcy, they no longer have to pay the hospitals and doctors who have performed the services. To mitigate this shortfall, hospitals and doctors raise prices on those who can afford to pay.
    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

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

    gibbs offers his rationale for obama's flip

    Robert Gibbs said Wednesday that Obama voted against it, knowing it would be approved without his vote.
    Dems, GOP jockey over debt ceiling - Jonathan Allen and Jake Sherman - POLITICO.com

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

    Quote Originally Posted by Goldenboy219 View Post
    In 2006, we were not in a deflationary recession.
    So soon do republicans forget. I support deficit spending in the current environment. However, it was really inexcusable to be running deficits from 2001(I think) to 2007. There was absolutely no economic reason to support it. The tax cuts to stimulate the economy by bush were a joke. By a typical definition of recession, the early 2000's "recession" does not even meet the criteria of 2 consecutive quarters of GDP loss.

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

    Quote Originally Posted by The Prof View Post
    if he's so concerned about medical bankruptcies why did his hhs surrender the elimination of the annual limit?
    Cost ceilings are the solution?
    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

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

    Quote Originally Posted by drz-400 View Post
    So soon do republicans forget. I support deficit spending in the current environment. However, it was really inexcusable to be running deficits from 2001(I think) to 2007. There was absolutely no economic reason to support it. The tax cuts to stimulate the economy by bush were a joke. By a typical definition of recession, the early 2000's "recession" does not even meet the criteria of 2 consecutive quarters of GDP loss.
    Amen brother.

    How some people can condemn Keynesianism in one hand, and then turn a blind eye to it when it is implemented by their ideology, is totally beyond me.
    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

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