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Thread: Palin dismisses Geithner warnings about debt ceiling

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by Misterveritis View Post
    Why not? The government will wrest more than two trillion dollars from the productive people in our society. Is the interest more than two trillion dollars?
    I don't know what the numbers are, but as far as I understand it, you wouldn't like how far spending would have to be cut. Really, we're talking about pretty basic stuff (like soldier's paychecks).

    The government is unsound. Therefore the promise to pay is unsound.
    For investors all over the world, US Government bonds are seen as the one sure thing. Your opinion of the government's promise to pay it's debt is not shared by most investors. Unless you're smarter than all of those investors and economists, I'd trust their opinion over yours on this matter. Even if you are, perception of the bonds is everything. Take away the one "sure bet" and many people stop investing altogether. If you think that's good for the economy, you don't understand the economy at all.

    Do you think the one term president Obama's childish policies might have some small role in this?
    News flash: Obama didn't invent budget deficits. He hasn't exactly helped, but we're talking about the last 30 years or more that deficits have been out of control. That's under Reagan and both Bushes as well as Obama. In fact, the only President to sign anything close to a balanced budget in recent memory is Bill Clinton.

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by apdst View Post
    For the government to get the hell out of the way and let people get back to work and make money.
    That's it? Platitudinal economics. LOL!










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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by Risky Thicket View Post
    That's it? Platitudinal economics. LOL!
    get it right!

    Platitudinal economics 101
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  4. #34
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    Re: Palin dismisses Geithner warnings about debt ceiling

    Naw, I think the stewardess has the right idea.
    Economic Left/Right: -7.25, Authoritarian/Libertarian:-7.13
    All over the place, from the popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume. -Noam Chomsky

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    Re: Palin dismisses Geithner warnings about debt ceiling

    The debt ceiling should be raised, but only when the administration and Congress can take on some austerity measures. Cut back spending, then the debt will decrease at a rate which will surprise everybody. Of course, austerity measures alone aren't the solution, but they sure do help. One conservative idea I agree with are austerity measures, even though I am a liberal (though only slight)
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
    "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries" - Winston Churchill

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by ptif219 View Post
    If you just keep raising the debt ceiling Obama will not stop spending. It would take months to become a problem

    The bigger question is what is wrong with Obama and democrats that continue to spend spend spend?
    I wouldn't worry about how much Obama spends..

    Rhetoric misleading: Who really ran up the national debt? - National economic policy | Examiner.com

    Republicans are the biggest reason we have the debt that we do.. Bush had the best opportunity of any president in history to pay it down.. He used his budget surplus and gave the rich a $320 billion a year tax break.. Then tossed both wars and a bunch of other things onto the national debt..

    When will you republicans ever take responsibility for share of things and your part in the problem..

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by apdst View Post
    For the government to get the hell out of the way and let people get back to work and make money.
    Right.. That is why the economy stalls as soon as the republicans take the house back.. That is why 8 millions jobs were lost under Bush despite $320 billion a year in tax cuts given to the rich who supposed to use that money to create jobs according to republicans..

    So in a nutshell here.. You don't have a clue either..

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by American View Post
    Since you're so ****ing smart, why don't you run for President?
    Why?? You would filibuster anything he would try to do.. So what is the point?? Republicans simply aren't smart enough to just stay out of the way..

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by Misterveritis View Post
    Really? Every economist? LOL.
    I read the article and she has a great point. Tax cheat Tim has said the sky is falling before. Besides, if we don't raise the debt ceiling the alternative to default is to cut government spending. And that sounds pretty darned good to me.
    I notice your missing a link to article.. How typical..

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    Re: Palin dismisses Geithner warnings about debt ceiling

    Quote Originally Posted by ptif219 View Post
    If you keep raising it the spending will not stop. Obama needs to be shown no more money no more spending
    So why didn't you throw a fit when Bush had about a $20 billion a year surplus and didn't use it to pay the debt down?? Obama doesn't need to be shown anything.. Obama is trying to fix the economy that Bush destroyed.. What are you trying to do?? Make matters worse?? Do you think defaulting on our loans will help our economy at all?? Do you think that will help create jobs?? Do you think at all??

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