Page 4 of 9 FirstFirst ... 23456 ... LastLast
Results 31 to 40 of 90

Thread: Obama: Congress must — and will — raise debt limit

  1. #31
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Obama: Congress must — and will — raise debt limit

    hope and change, huh?

    does american need major budget reform?

    republicans---yes

    barack the slasher---no

    ignore that

  2. #32
    Banned
    Join Date
    Sep 2008
    Location
    New Orleans
    Last Seen
    05-06-11 @ 07:54 PM
    Gender
    Lean
    Moderate
    Posts
    3,082

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by GPS_Flex View Post
    LINK: Obama: Congress must — and will — raise debt limit - Yahoo! News

    This is almost comical considering his vote against raising the debt limit in 2006.

    What has changed since then? If the debt limit hadn’t been raised in 2006 would the ramifications be any different than today? Why didn’t we hear the gloom and doom predictions of a global economic meltdown in 2006 that we hear today?


    In 2006 there wasn't a single democrat who voted for raising the debt limit, unless you count Arlen Spector as a democrat. GovTrack: Senate Vote On Passage: H. J. Res. 47 [109th]: Debt Limit Increase resolution Today they are all preaching to us about how irresponsible it would be to vote against a debt limit increase.

    I don’t get it. Can one of you democrats fill me in on the logic here?
    Let me put it this way, a chair is still a chair, even when there's no one sitting there.

    That just nails it.

  3. #33
    Shankmasta Killa
    TacticalEvilDan's Avatar
    Join Date
    Feb 2008
    Location
    Western NY and Geneva, CH
    Last Seen
    08-30-15 @ 04:51 PM
    Gender
    Lean
    Other
    Posts
    10,444

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by The Prof View Post
    hope and change, huh?

    does american need major budget reform?

    republicans---yes

    barack the slasher---no

    ignore that
    They pass the hot potato back and forth from cycle to cycle. A fact which I'm sure hasn't escaped your notice, but which flies in the face of the narrative you need to tell yourself.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

  4. #34
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 08:21 AM
    Lean
    Undisclosed
    Posts
    90,080

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by ptif219 View Post
    To an extent but it is much worse by Obama and the dems. Obama showed this when He invited Ryan to his speech and then tried to demean him
    How is that any worse than supporting two wars, funding neither with additional revenue and keeping it off the books?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  5. #35
    Guru
    GPS_Flex's Avatar
    Join Date
    May 2005
    Location
    California
    Last Seen
    02-11-17 @ 11:58 PM
    Gender
    Lean
    Independent
    Posts
    2,719

    Re: Obama: Congress must — and will — raise debt limit

    So it sounds like the consensus is that this is just the way politics is played and as such, it would be foolish of us to expect honesty from our elected representatives, republican or democrat.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    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.

  6. #36
    Guru
    GPS_Flex's Avatar
    Join Date
    May 2005
    Location
    California
    Last Seen
    02-11-17 @ 11:58 PM
    Gender
    Lean
    Independent
    Posts
    2,719

    Re: Obama: Congress must — and will — raise debt limit

    I believe that the value of the US dollar will collapse within 10 years and we will enter another great depression if we don’t stop the partisan lies, name calling/bickering and start working together as Americans who want to save our great country.

    Here’s the reality folks, unless we make draconian types of spending cuts, raise taxes across the board (even on the wealthy), stop the insane government regulation of everything under the sun so that we can start creating manufacturing jobs rather than service sector jobs, stop monetizing our debt and force the FED to raise interest rates, we are headed for an unprecedented depression when the interest rates on our debt go through the roof and foreign countries stop buying our debt. It could be take a year, it could take 10, but it will happen if we don’t make some serious changes to how we are doing business here in the US.

    We can’t keep spending borrowed money and calling it a recovery. We must cut spending, raise taxes and create manufacturing jobs here in America again by scaling back state and federal regulations.

    I know partisans from both parties (republican & democrat) are going to laugh at me and label me a loon but I’m not alone in this view. An economist who agrees with me predicted the housing market crash and our current recession but he was laughed at by conservative and liberal economists alike.


    Watch the video:

    Last edited by GPS_Flex; 04-17-11 at 02:04 AM. Reason: For clarity

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    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.

  7. #37
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 12:58 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,363

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by Spaceman_Spiff View Post
    If Congress doesn't want to send the economy spiraling downward into another recession, then they will pass it. The longer Congress plays games with raising the debt ceiling, the more uncomfortable they will make Wall Street and hinder economic growth.
    I find it interesting that you say putting certain restrictions on debt as a condition to increasing the debt limit a game. It seems a serious attempt to get an out of control government to avoid bankrupting the country. Think of it like a salary cap in sports. Owners protecting themselves from overspending.

  8. #38
    User
    Join Date
    Apr 2011
    Last Seen
    07-21-11 @ 03:40 PM
    Gender
    Lean
    Libertarian
    Posts
    17
    Blog Entries
    1

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by haymarket View Post
    So you admit that your accusation of partisan hackery applies to both sides of the aisle?
    I sure do, and before you rant on about your newly discovered fact of partisanship running rampant; try to take this impeccable detective work to the supreme court for immediate impeachment.

  9. #39
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 12:58 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,363

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by GPS_Flex View Post
    I believe that the value of the US dollar will collapse within 10 years and we will enter another great depression if we don’t stop the partisan lies, name calling/bickering and start working together as Americans who want to save our great country.

    Here’s the reality folks, unless we make draconian types of spending cuts, raise taxes across the board (even on the wealthy), stop the insane government regulation of everything under the sun so that we can start creating manufacturing jobs rather than service sector jobs, stop monetizing our debt and force the FED to raise interest rates, we are headed for an unprecedented depression when the interest rates on our debt go through the roof and foreign countries stop buying our debt. It could be take a year, it could take 10, but it will happen if we don’t make some serious changes to how we are doing business here in the US.

    We can’t keep spending borrowed money and calling it a recovery. We must cut spending, raise taxes and create manufacturing jobs here in America again by scaling back state and federal regulations.

    I know partisans from both parties (republican & democrat) are going to laugh at me and label me a loon but I’m not alone in this view. An economist who agrees with me predicted the housing market crash and our current recession but he was laughed at by conservative and liberal economists alike.


    Watch the video:

    My only disagreement is that I doubt it will take 10 years for this thing to blow up. The only real question is where to put your assets. It seems that most of the developed world has the same problem. So going into Euros won't work, currently you can buy only a limited amount of yaun, that is why gold and silver have been on tear lately. Bill Gross the head of the world's largest bond fund is short treasuries for the first time, it seems china has stopped buying treasuries and Japan the second largest holder of treasuries will probably have to start repatriating funds to rebuild. So will the Fed have the nerve to go to QE3, if they do the dollar which is already being crushed will really take a beating, if they don't interest rates are likely to rise. The loss of wealth if rates rise will probably be bigger than the loses in the housing fiasco.

    Interesting times.

  10. #40
    Guru
    GPS_Flex's Avatar
    Join Date
    May 2005
    Location
    California
    Last Seen
    02-11-17 @ 11:58 PM
    Gender
    Lean
    Independent
    Posts
    2,719

    Re: Obama: Congress must — and will — raise debt limit

    Quote Originally Posted by washunut View Post
    My only disagreement is that I doubt it will take 10 years for this thing to blow up. The only real question is where to put your assets. It seems that most of the developed world has the same problem. So going into Euros won't work, currently you can buy only a limited amount of yaun, that is why gold and silver have been on tear lately. Bill Gross the head of the world's largest bond fund is short treasuries for the first time, it seems china has stopped buying treasuries and Japan the second largest holder of treasuries will probably have to start repatriating funds to rebuild. So will the Fed have the nerve to go to QE3, if they do the dollar which is already being crushed will really take a beating, if they don't interest rates are likely to rise. The loss of wealth if rates rise will probably be bigger than the loses in the housing fiasco.

    Interesting times.
    I did say it could happen in a year or it could take 10 years.

    As for whether the fed will go QE3: you can bank on it. The only thing keeping the American economy looking like it is gaining jobs and in a recovery is monetization of our debt. QE1 or QE2 might have worked if we had embraced the inevitable recession we are in and started cutting spending and raising taxes but our government isn’t serious about balancing the budget or paying down our debt yet, as evidenced by the joke of a battle over cutting 38 billion from the 2011 budget and the lies both parties told us about how much they actually cut. After the smoke and mirrors cleared, it turns out that we cut a whopping 300 million.

    Try this on for size: The actual debt isn’t really pushing 15 trillion dollars; it’s actually more like 200 trillion dollars. You see, the government doesn’t report the real numbers to us, it reports the smallest and happiest (if that’s possible now days) numbers to us through accounting trickery. Even the so called Clinton surplus was total BS. If I ran a business and used the method the government uses to report my financial portfolio to investors, I would go to jail.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    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.

Page 4 of 9 FirstFirst ... 23456 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •