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

  1. #51
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by Grant View Post
    You are borrowing money every minute of every hour of every day and you cannot even pay the interest. With due respect, I don't think you realize how deep this problem is.
    For once, we can agree on something.

    There should be a single issue in this next election, and its the national debt.

    **** Iraq, **** Afghanistan, **** abortion... **** it all.

    If America does not deal with it's debt, and now, you guys are so severely ****ed it's ridiculous.

    Thats the word, I stick to it.

    Jet boogieman.

  2. #52
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by liblady View Post
    right now, the republicans are grandstanding and hoping to make points for 2012. it ain't gonna work.
    with all due respect, you are completely outta touch, in my opinion

    republicans are demanding and are gonna get huge, multi trillion dollar CUTS

    just like cuomo, just like bing and bobb in detroit, just like christie, just like the massachusetts state assembly, just like the legislature in springfield, illinois...

    almost everyone except barack the slasher obama is on board

    there will be NO raising of this ceiling without huge short term and medium term CUTS, as well as STRUCTURAL REFORM

    the nation is screaming for it, republicans are negotiating responsibly, the party in power (which has failed to produce an itemized budget in two terrible years) is coming around

    i'm stunned anyone can't see it, but that's cool

    taxes, by the way, are completely off the table, it's just the lay of the land

    take care

  3. #53
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by tessaesque View Post
    Which ever party is "blamed" with making those tough decisions will be the party who stays out of power until the benefits of those decisions start to be made clear.
    no, the terms of the deal will be bipartisan

    they will be overwhelmingly like what cuomo is doing in new york---in europe they call it austerity

    but in dc, the american public will rightly perceive republicans as having led, as having taken a position (ryan, hr1), as having stood thru the politics, as having prevailed

    and the party of pelosi will appear to have capitulated, but only after having dithered for two years

    as you note, if something isn't done imminently to fundamentally reform our budgets, then our big 3 federal programs, as well as pensions, will simply not be there for our next generation

    america wants something done

    dem leadership will come around, it's already started

    did you catch the slasher's radio address saturday, his sudden call for expedited drilling off alaska, in anwr, off CA, in the gulf, off VA...

  4. #54
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by danarhea View Post
    it is the GOP that is attempting to hold America as a hostage here.
    we're negotiating CUTS

    grow up

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

    last friday, the 13th:

    By a 47% to 19% margin, Americans say they would want their member of Congress to vote against raising the U.S. debt ceiling, while 34% don't know enough to say. Republicans oppose raising the debt ceiling by 70% to 8% and independents by 46% to 15%. Democrats favor raising the ceiling by 33% to 26%.
    Americans Oppose Raising Debt Ceiling, 47% to 19%
    Last edited by The Prof; 05-16-11 at 09:39 PM.

  6. #56
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by ludahai View Post
    Not raising the debt limit does not mean defaulting on our loans. That is a talking point set up my the Dems. The loans can be paid and still remain below the debt ceiling. It is other spending that would have to be curtailed...
    Can you prove the treasury has such authority to pick and choose who it pays first? What is the seniority of US creditors? Even if you find an answer, what are the penalties for late payments to our "non-interest" creditors? Finally, why should we even mess around with that? If the US defaults once on its debt there is no going back. We cannot call mulligan the next day, "oh we didn't mean it." Our interest rates will be pernamently higher. That is utter stupidity when you have over $14T in outstanding debt. What if our interest rates go up by as little as 1%, thats another 140 billion a year we have to pay soley on interest. Great plan, we will save so much money...

  7. #57
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by danarhea View Post
    This is not the time for political ideologues and a "my way or the highway" approach. The economic health of the United States of America is at stake here, and while the US scrambles in a battle to avoid default on the debt, a battle which is uncertain, I consider whoever fiddles while our economy burns to be traitors.

    Right now, this has turned into a battle between Wall Street and the crazies who have hijacked the Republican Party. The way I see it, if Republicans want to destroy their own party, they are on the right track to do it. But destroying America's economy, because they are not getting what they want at this time, is a morally reprehensible act, which will have dire consequences. Time to be responsible. If you (and I am talking to the jihad wing of the GOP here) want to act like babies and brats, you should do it on your own dime, and not that of your country. Just agree to raise the debt limit, and then feel free to engage in your ideological war later, during the 2012 election campaign. This is neither the time nor the place for it.

    Article is here.
    Not sure why you are so hysterical. Reading the article it says the bond market is not concerned as interest rates have actually gone DOWN recently, not up if there was a real concern.

    Also not sure how/where you find this being caused by right wing crazies.

    I do find it hard to believe that the above was written by a "Independent" anything.

  8. #58
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by washunut View Post
    Not sure why you are so hysterical. Reading the article it says the bond market is not concerned as interest rates have actually gone DOWN recently, not up if there was a real concern.

    Also not sure how/where you find this being caused by right wing crazies.

    I do find it hard to believe that the above was written by a "Independent" anything.
    There is no concern in bond markets because they know congress will raise it. Anything else would be complete and utter stupidity.

  9. #59
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by FilmFestGuy View Post
    Yes, spending must be cut. Duh. That's obvious.
    to almost all americans it sure is

    still, strangely, it's not quite yet obvious to their president

    but he's coming around

  10. #60
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by Objective Voice View Post
    Now is not the time to be playing partisan games with the debt limit
    we're not playing, we're very serious

    the party in power will get its trillions of additional borrowing

    for a very heavy price---huge short and medium term cuts, as well as structural reform

    that's why the voters sent so many of us to dc in november

    and sober senators like claire mccaskill (and ben nelson and jon tester and joe manchin and bill nelson and kent conrad and herb kohl and bob casey and jim combat boots webb...) will make sure it happens

    no one's gonna go on record for a clean lifting of the ceiling without constraints

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