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Thread: As Debt Limit Reached, Agreement Still Far Off .

  1. #151
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by CriticalThought View Post
    Go back and read it. I was responding to a post about not raising the debt ceiling and potentially defaulting.



    I estimated that we would be short about 22% if we didn't raise the debt ceiling.

    http://www.debatepolitics.com/breaki...post1059493492

    Why would you choose to drastically cut things like Medicare and the Military when it isn't needed? That would simply mean hundreds of thousands of government workers and health care workers would be laid off. The result of that would be less money that could be taxed and less money being spent, That of course would hurt business, and that of course would further reduce revenues.

    People like you really have a poor grasp of macroeconomics. The government is one of the largest employers in the country and suddenly eliminating hundreds of thousands of jobs would not benefit the economy.

    The other option is that we would default. That would be catastrophic.
    Good thing you have access to all the budget ins and outs. Regardless...the debt ceiling is not some theoretical construct. It is put in place to stop excessive government spending with relationship to our economy. If congress is allowed to just act like it is just a mere inconvenience to be waved away nonchalantly then they will simply continue their fiscal stupidity. Enough already. We cant afford to continue business as usual.

    And heres a news flash for you Mr Macroeconomic genius (what year of college are you in again?)...people like me would have never allowed it in the first place...and people like you have put us in this mess.
    Last edited by VanceMack; 05-17-11 at 11:44 PM.

  2. #152
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by CriticalThought View Post
    "political posturing" is holding up the process
    nonsense, a lot of progress is being made

    Pelosi says Medicare on the table in debt talks | Reuters

    Durbin: Dems must consider entitlement reform - POLITICO Live - POLITICO.com

  3. #153
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by CriticalThought View Post
    That would simply mean hundreds of thousands of government workers and health care workers would be laid off.
    tell it to cuomo

    Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely

    tell it to moonbeam in california, the dem appointed managers in detroit, the legislature in springfield, the assembly in massachusetts...

  4. #154
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Coming from people that couldnt so much as propose a budget-let alone pass it, I wonder where this talk of cuts came from...

  5. #155
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by VanceMack View Post
    Good thing you have access to all the budget ins and outs. Regardless...the debt ceiling is not some theoretical construct. It is put in place to stop excessive government spending with relationship to our economy. If congress is allowed to just act like it is just a mere inconvenience to be waved away nonchalantly then they will simply continue their fiscal stupidity. Enough already. We cant afford to continue business as usual.

    And heres a news flash for you Mr Macroeconomic genius (what year of college are you in again?)...people like me would have never allowed it in the first place...and people like you have put us in this mess.
    People like me were complaining about the debt before Bush was even president.

    Who exactly has been saying we should continue business as usual? I tire of your strawman arguments.
    Last edited by CriticalThought; 05-18-11 at 01:26 AM.

  6. #156
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by VanceMack View Post
    Coming from people that couldnt so much as propose a budget-let alone pass it, I wonder where this talk of cuts came from...
    Perhaps the president who campaigned on cuts once the economy recovered? Obama promised spending cuts before he was even elected.

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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by CriticalThought View Post
    Perhaps the president who campaigned on cuts once the economy recovered? Obama promised spending cuts before he was even elected.
    yeah, specifically he promised to cut the $485 Billion deficit in half by the end of his first term.

    instead his budget calls for $ Trillion + deficits for the next ten years......


    gosh.... it's almost as if he didn't mean it.....

  8. #158
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by VanceMack View Post
    Coming from people that couldnt so much as propose a budget-let alone pass it, I wonder where this talk of cuts came from...

    wow. they're bending on this? i'm blown.



    ......aaaaand now i'm suspicious..........

  9. #159
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by cpwill View Post
    yeah, specifically he promised to cut the $485 Billion deficit in half by the end of his first term.

    instead his budget calls for $ Trillion + deficits for the next ten years......


    gosh.... it's almost as if he didn't mean it.....
    Could you post a link to this budget proposal?

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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by CriticalThought View Post
    Perhaps the president who campaigned on cuts once the economy recovered? Obama promised spending cuts before he was even elected.
    Dood...you cant carry a conversation if it was handed to you in double bagged plastic. The comments posted were with regard to two prominent democrats...one who promised no deficit spending now that she was elected ice queen-then proceeded to spend money like a crack whore. If you are going to continue to jump in with snarky comments at least TRY to stay with the class.

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