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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 Albert Di Salvo View Post
    The left won't act in good faith. Nothing will be done to cut spending. There will simply be an endless set of continuing resolutions.
    horsepuckey

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

    Quote Originally Posted by Kandahar View Post
    Members of Congress threatening to vote against raising the debt ceiling are behaving like children. First of all, their sudden concern for the deficit would be a lot more believable if they didn't just vote for a massive tax cut less than two weeks ago. Sure, some people want low taxes/spending and others want high taxes/spending. I understand that. But let's not pretend like the people who voted for a tax cut before any spending cuts have passed - when we already have a massive deficit - are the slightest bit concerned about it. They're just concerned about making Obama look bad.

    Fortunately, John Boehner seems to be acting like a responsible adult. Enough Republicans will vote to raise the debt ceiling that it will pass.
    Tax cuts don't cause deficits except in your own mind. Stop with the typical liberal talking points and get the facts. Go to the U.S. treasury site and check out the revenue numbers AFTER the tax cuts. What is costing the govt. money now are the additional 4 million unemployed that Obama has helped create with his stimulus plan. Why liberals are against keeping more of what they earn is beyond me. It isn't the government's money, it belongs to the people that earned it.

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

    Quote Originally Posted by randel View Post
    i agree with you that we need to get our financial house in order, but trying to ram cuts down the presidents throat before you extend the ceiling? if i'm obama, i call your bluff, and let the chips fall where they may, your party has alot more to lose right now...explain to the American people why their government is shutting down, why it can't pay its bills in a timely manner........explain to the american people why the budget deficit is getting bigger because of the extra interest we have to pay to get credit...go ahead, make my day.
    How many times did Clinton shutdown the govt. because the GOP gave him spending plans less than he wanted? Shutting down the govt. isn't all bad. Did you notice how much of the budget is interest payments and what percentage of the budget that is?

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

    Quote Originally Posted by randel View Post
    horsepuckey
    Well what would you cut?

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

    Quote Originally Posted by randel View Post
    cherrypick much? perhaps you should read through the entire thread, i believe i've mentioned both sides having skin in the game....you and conservative are twins, you think that all the cuts are going to come from the 'liberal' side...aint gonna happen.
    Conservative makes sound and valid points, usually backed up with fact. So if you are comparing me to him, thank you. Problem is there Greenie, I don't believe what you are saying. You do hold a certain problem with credibility.


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

    Quote Originally Posted by j-mac View Post
    Conservative makes sound and valid points, usually backed up with fact. So if you are comparing me to him, thank you. Problem is there Greenie, I don't believe what you are saying. You do hold a certain problem with credibility.


    j-mac
    lol you should be the last one to ever question someones credibility.....

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

    Quote Originally Posted by randel View Post
    lol you should be the last one to ever question someones credibility.....
    Interesting that I have never seen you refute any of the data I presented but I have seen you ignore it and divert from it preferring instead to give your opinions based upon your feelings. I posted the line items in the budget so tell me what you would cut?

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

    Quote Originally Posted by Conservative View Post
    Interesting that I have never seen you refute any of the data I presented but I have seen you ignore it and divert from it preferring instead to give your opinions based upon your feelings. I posted the line items in the budget so tell me what you would cut?
    what have you presented other than a list? i'd start with a 10% across the board cut, and then freeze spending at that level for 5 years.

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

    Quote Originally Posted by randel View Post
    lol you should be the last one to ever question someones credibility.....

    I have never been dishonest about my beliefs have I now...Don't you wish you could say the same?


    j-mac
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    Re: Obama aide: Debt limit fight could be "catastrophic"

    Quote Originally Posted by randel View Post
    what have you presented other than a list? i'd start with a 10% across the board cut, and then freeze spending at that level for 5 years.
    That is a good start but cutting the budget 360 billion isn't going to get it done. First thing I would do is take SS and Medicare OFF BUDGET where it belongs and then start paying off the IOU's. Then I would cut out the DOE, Agriculture

    Expenses

    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1

    Approximately 308 billion

    I would then Cut Defense 10% 69 Billion
    International Affairs 20 billion and would cut that further by deducting the cost of illegal's getting healthcare in this country thus reducing ER costs
    Income Security of over 600 billion is unrealistic and needs to be cut in half. Make people go back to work regardless of whether or not is is THE job 300 billion cut

    Then I would attack SS and Medicare focusing first on waste, fraud, and abuse, then focusing on privatizing it for younger workers into a private secure investment account that people could not touch until age 62 and then he fund is theirs.

    Good start with more to come

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