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Palin dismisses Geithner warnings about debt ceiling

Rcart... here is a simple comparison. If you are maxed out on your credit cards, have a mortgage and car payments, and are spending more than you earn, see what happens when you walk into a bank and ask to increase your credit limits and loan amounts. Which one will cause you to leave the bank faster, the security escort, or the humiliation of being laughed out of the bank?

And Sarah Palin is hardly the only politician who believes raising the debt ceiling is a bad idea. You're just trying to get in another quick Sarah Palin bash.

In going with your analogy, if my wife falls down and breaks her leg, I get her to a hospital immediately, and worry about how I am going to pay for it later.
 
What we need is a real dose of voodoo economics Reagan style because it was the positive as much as anything that turned us around from the failed Carter years.

I have said it repeatedly that it's what people feel about the future that fuels our economy.

Taxing more stifles,and spending what we don't have, along with causing fuel prices to Skyrocket as Obama said that fuels the inflation we now suffer from.

As i have said Palin scares hell out of Liberal because she has forced big Oil to pay more to the State of Alaska, and it caused some in her own party to to file BS charges against her, because they were in bed with Big Oil.

Sarah is attacked she knows what she is doing and fears no one as I see it.

Liberals have been forced to go on blind unsubstantiated attacks, because once again dealing with facts and the truth is more than they can deal with.

If at first you don't succeed lie your ass off, and when that doesn't work make up BS, and stick with it in the hope that if you tell people a lie often enough they will eventually believe it.

I believe it was a Hitler tactic. But most of us are on to it.

Most of us know what we are talking about because we have reading comprehension skills that baffle others it seems.


So keep up the lies and attacks and keep looking foolish and we will keep pointing out a lack of mental acuity, as I often do.

I-Piss-Stupid-People-Off-Sticker-(5232).jpg
If the shoe won't fit please dosn't put it on.

I found that it was better not to ask a professor a question, and have people think I was stupid instead of asking a stupid question and proving it to everyone.
 
In going with your analogy, if my wife falls down and breaks her leg, I get her to a hospital immediately, and worry about how I am going to pay for it later.
The analogy only holds if you intend to do the same thing every day for the rest of time.
Otherwise, not so much...
 
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.
 
Naw, I think the stewardess has the right idea.
 
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)
 
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..
 
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..
 
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..
 
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..
 
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??
 
What we need is a real dose of voodoo economics Reagan style because it was the positive as much as anything that turned us around from the failed Carter years. .

Wrong again!! 20% of the current debt is attributed to Reagan..

Stoft-2004-debt-presidents-L.gif


Better get your facts straight before you go making a fool of youself..

Presidents and the Federal Debt
 
Palin dismisses Geithner warnings about debt ceiling - Yahoo! News


What the hell is wrong with this chick !!!!! Every economist will tell that the debt ceiling deadline shouldn't be f*** with. Is this who the tea party wants to be president????

The debt ceiling deadline shouldn't be changed.

And if the Democrats refuse to meaningful and substantial cuts in their spendin agenda, the debt ceiling should stay exactly where it is when that deadline rolls around.

That's not hard to figure out.

The Democrats clearly don't care that their "President" is running a third trillion dollar deficit, even though unemployment it rising once again thanx to his incompetence.

The Americans care.
 
Wrong again!! 20% of the current debt is attributed to Reagan..

Stoft-2004-debt-presidents-L.gif


Better get your facts straight before you go making a fool of youself..

Presidents and the Federal Debt

And you should recognize that revenue jumped tremendously during the Reagan years but spending under the Democratic congress did not go down it, in fact, went up just as tremedously. That graph is a huge steam pile of half information. Did Krugman author it?
 
There is not a single member of this forum or thread that would handle their finances in such a manner. There is no question the debt ceiling must be raised and the specific reason it must be raised is excessive spending. Anyone who can balance an online checkbook knows this. We simply cannot sustain our current level of spending, no one here would increase debt and spending at the same time and pretend that's a sound financial plan.
 
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And you should recognize that revenue jumped tremendously during the Reagan years but spending under the Democratic congress did not go down it, in fact, went up just as tremedously. That graph is a huge steam pile of half information. Did Krugman author it?

I thought we were talking about debt?? Why must you people change the topic when you know you lost?? Sheesh!! Get a clue will you!! If you can't prove it wrong then you have nothing to say.. Have a nice day..
 
There is not a single member of this forum or thread that would handle their finances in such a manner. There is no question the debt ceiling must be raised and the specific reason it must be raised is excessive spending. Anyone who can balance an online checkbook knows this. We simply cannot sustain our current level of spending, no one here would increase debt and spending at the same time and pretend that's a sound financial plan.

Not entirely true.. Kill the $320 billion a year tax cuts to the rich would be a good start.. Nearly a third of the deficit wiped out.. Kill the tax breaks and stuff to the oil companies.. There is another $70 billion or so a year.. Make some smart investments that will get this nation working again.. More people paying taxes increases revenue.. A public option would also save billions in healthcare costs.. Anything that can save money is a good idea.. Even if you have to spend to do it.. We aren't talking about the family checkbook here.. Trust me, I would love to just use some money to invest in an IPO and make millions.. Pay back the money I borrowed, pay off my debt, and live the life of Riley.. Who wouldn't?? Our government has that option.. They can make some smart investments and work itself out of debt.. I have already shown how about a third of the deficit could be wiped out without spending a penny.. What more do you want??

I didn't have to kill medicare to do it.. Imagine that..
 
The debt ceiling deadline shouldn't be changed.

And if the Democrats refuse to meaningful and substantial cuts in their spendin agenda, the debt ceiling should stay exactly where it is when that deadline rolls around.

I'd agree that there needs to be spending cuts in addition to this, but threatening to default on the bonds is just plain irresponsible. It's bad for investors, business and the general economy.

(Spending is a problem on both sides, BTW. Republicans spent plenty under Reagan and Bush. Either Bush, take your pick)
 
Not entirely true.. Kill the $320 billion a year tax cuts to the rich would be a good start.. Nearly a third of the deficit wiped out.. Kill the tax breaks and stuff to the oil companies.. There is another $70 billion or so a year.. Make some smart investments that will get this nation working again.. More people paying taxes increases revenue.. A public option would also save billions in healthcare costs.. Anything that can save money is a good idea.. Even if you have to spend to do it.. We aren't talking about the family checkbook here.. Trust me, I would love to just use some money to invest in an IPO and make millions.. Pay back the money I borrowed, pay off my debt, and live the life of Riley.. Who wouldn't?? Our government has that option.. They can make some smart investments and work itself out of debt.. I have already shown how about a third of the deficit could be wiped out without spending a penny.. What more do you want??

I didn't have to kill medicare to do it.. Imagine that..

There's more than one way to skin a cat. Both sides need to have a major reality check and realize that they're not going to get everything their way. They also need to keep their social agendas out of it. Class warfare on tax policy, or cutting everything to Planned Parenthood and NPR are both not acceptable to the American people (who by and large are somewhere in the middle).

You all just don't get it. Republican gains in the election were not a mandate to go after gay marriage, or a mandate to do it their way. Americans knew darn well that they weren't voting for President, and that therefore the two parties would have to compromise. I know the Kool-Aid drinkers think that Americans are dumb, but they aren't.
 
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).
Interest on the debt is running about 30 billion dollars a month. So there is no need to default. As far as cuts go, let's return to 2008 spending levels, fire every person hired for every new federal job since 2008, get our money back from the public sector unions (that is where much of the so called stimulus went) and the nation will be in much better shape.
For July let's identify all federal departments not identified in the constitution and rank order them in terms of the number of regulations they produce per year. Start with the one with the most new regulations per year. Repeal every regulation, fire all of the people and sell the buildings. Repeat as required.
Stop paying greedy geezers for everything their hearts desire.

For investors all over the world, US Government bonds are seen as the one sure thing.
That must be why China is divesting itself of US debt instruments.
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.
They are voting with their money. We are about to undergo a rating change. Everyone sees the coming crash, except perhaps, you.
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.
Eventually the piper must be paid.

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.
Mr. Clinton had the good fortune of a Republican congress.
 
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