• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Palin dismisses Geithner warnings about debt ceiling

I notice your missing a link to article.. How typical..
That is so funny. You are a liberal, right? That may be why you think you need an adult to hold your hand through the rough times. See post number 1.
 
. . . but threatening to default on the bonds is just plain irresponsible. It's bad for investors, business and the general economy.
Who said default? Interest on the debt is about 30 billion per month. The federal government will take more than 2 trillion dollar from productive people this year. We do not need to default. But we do need to cut spending way back.
 
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..
When you get caught telling only half of the truth people are likely to correct you. Accept it for the good it will do you.
 
For the government to get the hell out of the way and let people get back to work and make money.

Thats not a comprehensive economic policy. Thats a talking point.

Do you think there is a relationship between not enabling this one term president Obama to continue to spend money we do not have and a default on our interest payments? We collect more than two trillion dollars. We spend nearly four. The one term president Obama and the Reid/Pelosi monster just might be done.

The debt celling shouldn't be a political issue :2brickwal Almost every investor has treasury bonds, if you have a IRA chances are part of that is in T-notes. You know what happens when the gov defaults on its debt? You don't get money or you don't as much money for that T-note. When the debt celling is reached, the gov has to pick and choose who will and who won't get paid. You know what that means: furloughs, reneging on debt, taking away food stamps, delaying or giving out less social security checks, paying military personal less, etc

Do you really want all this?


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

Clinton had the good fortune of having a RINO congress. If Clinton were president with this republican congress **** wouldn't have gotten done.
 
The debt celling shouldn't be a political issue
Of course it should be. Spending federal dollars is a political issue. How do you separate one from the other?

Almost every investor has treasury bonds, if you have a IRA chances are part of that is in T-notes. You know what happens when the gov defaults on its debt?
Do you believe the government will default if we don't grant the one term president Obama the authority to spend even more money that we don't have?

You don't get money or you don't as much money for that T-note. When the debt celling is reached, the gov has to pick and choose who will and who won't get paid.
All investments incur risk. I have lost everything once. I started a high tech company. My company failed after a bit more than two years. I took a risk. It did not pay off for me. Sometimes you lose.

You know what that means: furloughs, reneging on debt, taking away food stamps, delaying or giving out less social security checks, paying military personal less, etc...Do you really want all this?
Yeah. If it has to happen to save the nation.
Clinton had the good fortune of having a RINO congress. If Clinton were president with this republican congress **** wouldn't have gotten done.
The Contract with America was conservative, not liberal.
 
Do you believe the government will default if we don't grant the one term president Obama the authority to spend even more money that we don't have?

I believe the economy will be shaken to the core because either investors won't get paid or working people won't get paid.
 
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????

RCART76... One thing is obvious with Palin. She love to make up positions based on her rules of what logic, reason, observation, and the lack of needing to examine expert opinions She can't stand not being seen as the all knowing, all seeing, all everything Moose slayer.

Palin clearly doesn't get that just like there are consumer credit bureaus...there is an international credit evaluation system...which MOODY's Corporation is the key organization in providing International rating.

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit analysis, economic research and financial risk management. The Corporation, which reported revenue of $2 billion in 2010, employs approximately 4,500 people worldwide and maintains a presence in 26 countries. Further information is available at Moody's - credit ratings, research, tools and analysis for the global capital markets.

Palin's cuteness doesn't in anyway indicate "intellect" is lurking under her vale of grandiosity and narcissism, which she so proudly displays for the world to see.
 
I believe the economy will be shaken to the core because either investors won't get paid or working people won't get paid.
Okay. You did not answer my question. Do you believe the government will default if we do not grant the one term president Obama the authority to spend even more money that we do not have?

And who are the working people? Does that include me? Or does that only refer to union members?
 
Okay. You did not answer my question. Do you believe the government will default if we do not grant the one term president Obama the authority to spend even more money that we do not have?
the antideficiency act says that federal government officials cannot legally commit funds which have not been appropriated
which then tells us that default will be the only alternative to paying our nation's financial obligations

And who are the working people? Does that include me? Or does that only refer to union members?
are you a wage earner? if the answer is "yes", then you are included in the group known as "working people"


now that you have the answers you were seeking, share with us the point you are attempting to make
 
now that you have the answers you were seeking, share with us the point you are attempting to make

Nothing, he just likes saying "one term." It makes him feel all warm and fuzzy inside. And the Alaskan Tyrant gives him wood.
 
Clinton had the good fortune of having a RINO congress. If Clinton were president with this republican congress **** wouldn't have gotten done.

Clinton had the good fortune of a Republican Congress that was smart enough to compromise when push came to shove. In other words, they know how to govern instead of being ideologues. We shall see if the current Congress has that capacity.

I've long believed that Clinton and Gingrich needed each other in order to do anything.
 
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.

What happens when the interest payment on debt is greater than quarterly revenue? Can we call an 800-number and ask for an extension?
 
Okay. You did not answer my question. Do you believe the government will default if we do not grant the one term president Obama the authority to spend even more money that we do not have?

Yes the government will default on SOMETHING if the debt celling isn't raised for at least the short term. That or massive numbers of people will suddenly not have a job.

And who are the working people? Does that include me? Or does that only refer to union members?

It refers to anyone who works for the government.
 
the antideficiency act says that federal government officials cannot legally commit funds which have not been appropriated
which then tells us that default will be the only alternative to paying our nation's financial obligations
I think you misunderstand. We have already sold debt instruments. We can already pay them. The debt ceiling just let's us sell more debt instruments. It has little bearing on current debt.
 
I think you misunderstand. We have already sold debt instruments. We can already pay them. The debt ceiling just let's us sell more debt instruments. It has little bearing on current debt.

the anti-deficiency act prohibits the federal staff from incurring financial obligations where there is no appropriations to cover it
which means we cannot sell more debt instruments which would cause us to exceed the debt ceiling
sorry you are unable to grasp it, but it cannot be said any simpler
 
are you a wage earner? if the answer is "yes", then you are included in the group known as "working people"
now that you have the answers you were seeking, share with us the point you are attempting to make
I was wondering what the relationship was between the debt ceiling and working people being paid. The stimulus was used, in part, to make sure no union thugs would lose their jobs. If the one term president Obama cannot borrow more from our enemy, the ChiComs, to pay off his union thug buddies, then that would explain the working people not getting paid.
 
Re: Palin dismisses Tax Cheat Tim Geithner's warnings about debt ceiling

Clinton had the good fortune of a Republican Congress that was smart enough to compromise when push came to shove.
I think it was the other way around. president Clinton changed his behavior once he had a Republican Congress to control him.
 
The Contract with America never would have been anything but empty rhetoric with a Republican President.
Perhaps it would not have been needed. Here is a bit of it from wikipedia:

On the first day of their majority in the House, the Republicans promised to pass eight major reforms:
require all laws that apply to the rest of the country also apply to Congress; Congress exempted itself from laws frequently.
select a major, independent auditing firm to conduct a comprehensive audit of Congress for waste, fraud or abuse; There were many Democratic scandals
cut the number of House committees, and cut committee staff by one-third;
limit the terms of all committee chairs;
ban the casting of proxy votes in committee;
require committee meetings to be open to the public;
require a three-fifths majority vote to pass a tax increase;
guarantee an honest accounting of the Federal Budget by implementing zero base-line budgeting.
 
What happens when the interest payment on debt is greater than quarterly revenue? Can we call an 800-number and ask for an extension?
I will not do the math for you. The Federal government will seize more than 2 trillion dollars from the productive people who make the country work. Divide that number by the number of months in a year. You may discover that it is somewhat larger than the 30 billion per month of interest that comes due each month. We need not default and Tax Cheat Tim and the one term president Obama both know it.
 
Yes the government will default on SOMETHING if the debt celling isn't raised for at least the short term. That or massive numbers of people will suddenly not have a job.
That is the preferred option. The one term president Obama did generate jobs. Government jobs. The federal government is enormous. Let's simply fire everyone we hired for jobs that came into existence after Jan 1, 2009.
 
That is the preferred option. The one term president Obama did generate jobs. Government jobs. The federal government is enormous. Let's simply fire everyone we hired for jobs that came into existence after Jan 1, 2009.

You heard it here first. The Republican prescription for the recession is to increase unemployment.

To quote the Prof -- See you at the polls.

I love it when Cons talk about "increasing jobs" and firing people in the same breath. Government employees are working Americans with jobs. Not to mention human beings. Considering the way the private sector employment looks now, increasing the ranks of the unemployed doesn't sound like it would help the recession. In fact it's kind of obvious that it wouldn't.
 
Last edited:
Perhaps it would not have been needed. Here is a bit of it from wikipedia:

On the first day of their majority in the House, the Republicans promised to pass eight major reforms:
require all laws that apply to the rest of the country also apply to Congress; Congress exempted itself from laws frequently.
select a major, independent auditing firm to conduct a comprehensive audit of Congress for waste, fraud or abuse; There were many Democratic scandals
cut the number of House committees, and cut committee staff by one-third;
limit the terms of all committee chairs;
ban the casting of proxy votes in committee;
require committee meetings to be open to the public;
require a three-fifths majority vote to pass a tax increase;
guarantee an honest accounting of the Federal Budget by implementing zero base-line budgeting.

Most of which was promptly ignored by the next Republican President. In fact, if there was a Republican President, the Contract with America wouldn't even have been rhetoric because the GOP would be too busy convincing us that everything was wonderful.

Nothing good happens when one party holds all the power. Just look at this past decade -- for 8 out of 10 years, one party or the other held both houses of Congress and the White House The mess we're in today took a good deal more than two years to create. Go on and blame Obama all you want, but deficit spending is something that was going on for years before him. Ronald Reagan was quite fond of them if the budgets he signed are any indication. So was W (who did it with Republican Congresses, too).
 
You heard it here first. The Republican prescription for the recession is to increase unemployment.

To quote the Prof -- See you at the polls.

I love it when Cons talk about "increasing jobs" and firing people in the same breath. Government employees are working Americans with jobs. Not to mention human beings. Considering the way the private sector employment looks now, increasing the ranks of the unemployed doesn't sound like it would help the recession. In fact it's kind of obvious that it wouldn't.
Government jobs consume wealth. They do not create wealth. If the problem is too much government then get rid of the "too much". It is really very simple. It may be too simple for you to understand it.
 
the anti-deficiency act prohibits the federal staff from incurring financial obligations where there is no appropriations to cover it
which means we cannot sell more debt instruments which would cause us to exceed the debt ceiling
sorry you are unable to grasp it, but it cannot be said any simpler
Maybe we are talking past one another. No increase in the debt ceiling prevents the one term president Obama from borrowing more money. It has no effect on the government's ability and authority to pay the interest on our current debt. And that is the point. No more borrowing. Pay down the current debt. Cut government programs.
 
Back
Top Bottom