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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 MrVicchio View Post
    So, the real problem is the sacred cows being too costly, economically. But to "touch them" is politically too expensive. So what you're saying is, we're ****ed either way. You do realize that Social Spending far outstrips defense don't you?
    Yes, and defense spending is justified to... er, defend! The purpose of our federal government should be primarily to protect and defend... not wipe the asses of those who will not do it themselves!
    Obama lied... Ambassador Stevens died!

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

    Quote Originally Posted by Dittohead not! View Post
    The employers, the private citizens who purchase individual policies, the people who have substandard insurance then have a catastrophic illness or accident, the government, anyone who pays for medical bills. What I'm talking about is not the private sector's cost, not the public sector's cost, but the entire cost. It is a drag on the economy is many different ways.
    How are healthcare costs affecting you, your family, or the economy? I keep hearing about the drain on the economy, what drain? Where are healthcare costs measured in GDP calculations? Right now healthcare costs are where they belong, with the individual. My entire point is that healthcare is personal and is best handled by the individual with the help of the state, local communities, and charities if necessary. The Federal Govt. does nothing well and all this focus on expansion of that govt. is a huge mistake and ignores history. there is nothing in Obamacare that reduces public sector costs therefore why do it?

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

    Quote Originally Posted by Boo Radley View Post
    It's a national problem. You do realize that national problems are felt locally as well. They are not two different places?
    The only national problem that is the Federal Governments responsibility is Defense, not healthcare. 20 states plus are challenging Obamacare, the states don't want it so why do you? Democrats took a shellacking on November 2 nationally and at the state level. Seems the majority in this country disagree with you.

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

    Quote Originally Posted by Dittohead not! View Post
    The employers, the private citizens who purchase individual policies, the people who have substandard insurance then have a catastrophic illness or accident, the government, anyone who pays for medical bills. What I'm talking about is not the private sector's cost, not the public sector's cost, but the entire cost. It is a drag on the economy is many different ways.
    What do you mean drag on "the economy"?

    Isn't "the economy" just an aggregate of statistics pulled from individuals and corporations (run and owned by individuals)? Isn't every expense a drag, including the worst drag...taxes?

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

    Quote Originally Posted by Conservative View Post
    The only national problem that is the Federal Governments responsibility is Defense, not healthcare. 20 states plus are challenging Obamacare, the states don't want it so why do you? Democrats took a shellacking on November 2 nationally and at the state level. Seems the majority in this country disagree with you.
    That hasn't been true since shortly after inception of this country. We, the people, who are the government, have used the government as a tool to do many things other than defense from nearly day one.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    That hasn't been true since shortly after inception of this country. We, the people, who are the government, have used the government as a tool to do many things other than defense from nearly day one.
    And of course, everything was A-Ok until Obama came on the scene (according to Conservative anyway)

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

    Quote Originally Posted by Jetboogieman View Post
    And of course, everything was A-Ok until Obama came on the scene (according to Conservative anyway)
    Don't you know.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    That hasn't been true since shortly after inception of this country. We, the people, who are the government, have used the government as a tool to do many things other than defense from nearly day one.
    Yes we have and that is why we have a 14.5 trillion dollar debt and a 3.6 trillion dollar govt. That was never the intent of our Founders.

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

    Quote Originally Posted by Boo Radley View Post
    Don't you know.
    You want to make this about Obama, so be it. Since Obama has taken control of the Economy he has added 3.5 trillion to the debt and added 4 million to the unemployment roles. That means prior to Obama all other administrations added 11 trillion to the debt. Obama is on track to add another 1 trillion plus this year. Guess debt doesn't bother you

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

    Quote Originally Posted by Conservative View Post
    Yes we have and that is why we have a 14.5 trillion dollar debt and a 3.6 trillion dollar govt. That was never the intent of our Founders.
    No, we have debt because we've always borrowed instead of finding ways to pay for it. And we've done that from the beginning as well.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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