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Thread: 10 Inconvenient Truths About the Debt Ceiling

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    10 Inconvenient Truths About the Debt Ceiling

    10 Inconvenient Truths About the Debt Ceiling | Crooks and Liars



    Bolstered by new polls and fresh off their vote to bar an increase in the nation's $14.3 trillion debt ceiling, House Republicans swaggered into the White House Wednesday for the latest negotiation to end their economic hostage taking. One, Rep. Jeff Landry of Louisiana, refused to attend and be "lectured to by a president whose failed policies have put our children and grandchildren in a huge burden of debt."

    Sadly for Rep. Landry, the nation's mounting debt is largely attributable to wars, a recession and tax policies President Obama inherited from his predecessor. Worse still, the Ryan 2012 budget proposal backed by almost every Republican in both houses of Congress would not only drain another $4 trillion in tax revenue from the Treasury, but fail all of the spending and balanced budget targets they themselves propose. Nevertheless, Republicans who voted seven times to double the debt ceiling under George W. Bush would risk the national economic suicide they admit would come to pass if their demands are not met.

    Here, then, are 10 Inconvenient Truths About the Debt Ceiling:

    1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
    2. Ronald Reagan Tripled the National Debt
    3. George W. Bush Doubled the National Debt
    4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
    5. Federal Taxes Are Now at a 60 Year Low
    6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
    7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
    8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
    9. Tax Cuts Drive the Next Decade of Debt
    10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

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    Re: 10 Inconvenient Truths About the Debt Ceiling

    Oh, a thread to bash rightwingers. Why didn't you titled the right way, instead of lying.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: 10 Inconvenient Truths About the Debt Ceiling

    Quote Originally Posted by American View Post
    Oh, a thread to bash rightwingers. Why didn't you titled the right way, instead of lying.
    Just asking if its lies or truth?
    And not all of its bashing "right wingers"..


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    Re: 10 Inconvenient Truths About the Debt Ceiling

    Quote Originally Posted by TheDemSocialist View Post
    Just asking if its lies or truth?
    And not all of its bashing "right wingers"..
    I think it's pretty plain what you're doing.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: 10 Inconvenient Truths About the Debt Ceiling

    Quote Originally Posted by American View Post
    I think it's pretty plain what you're doing.
    Naaaa its not....
    What am i doing?
    Explain with what you disagree with, explain what is not true, state your position.


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    Re: 10 Inconvenient Truths About the Debt Ceiling

    Quote Originally Posted by TheDemSocialist View Post

    1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
    2. Ronald Reagan Tripled the National Debt
    3. George W. Bush Doubled the National Debt
    4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
    5. Federal Taxes Are Now at a 60 Year Low
    6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
    7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
    8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
    9. Tax Cuts Drive the Next Decade of Debt
    10. $3 Trillion Tab for Unfunded Wars Remains Unpaid
    1) Even if all of these things are true, how do they weaken the position that the debt ceiling should not be raised? Troops are tentatively scheduled to withdraw by December. If the debt ceiling is not raised, the Ryan Budget will obviously be amended. They came to a compromise on the Bush tax cuts because they didn't want a hike in the middle of a recession, which would have been counterproductive. I don't understand why Ronald Reagan comes into the picture at all. I know he raised the deficit. Does that mean we should continue doing it?

    Also, this graph from your article is stupid.



    It assumes that if these factors were somehow to "disappear" then we wouldn't have to pay back all the interest accumulated because of them. Poof, no more soldiers means no more deficit. And hey, where's entitlement spending? Where's Medicare? Where's Medicaid? Where's Social Security?

    Nice trollbait, breh.
    Last edited by Jeezy; 06-03-11 at 10:51 PM.
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    Thanks for your awesomeness, Jeezy.

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