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Thread: Economists: Failure to raise debt limit could lead to recession

  1. #131
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Catawba View Post
    I thought you said the spending originated from the House, not the president? Who's in control of the House?
    Obama--Pelosi--Reid gave us the Largest Budget in US History, The Largest Budget Deficit in US History, The Largest Spending Bill in US History, and The Largest National Debt in US History.

    While yes we can blame it all on the San Franfreakshow Box of Hair.........but Reid and Obama gave their 100% support as well.
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  2. #132
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Badmutha View Post
    ]While yes we can blame it all on the San Franfreakshow Box of Hair.........but Reid and Obama gave their 100% support as well.
    Never fear, the Republicans are in control of the House, where you said all spending originates.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by megaprogman View Post
    Its ok BDBoop, there is a logical fallacy for practically every argument. If you are concerned, he is using this one in his dismissal.

    Fallacy: Circumstantial Ad Hominem

    This one too Fallacy: Poisoning the Well
    I should take a course, seriously. Thank you.

  4. #134
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Lachean View Post
    1st line of the article: "Economists organized by the liberal Economic Policy Institute and Center for American Progress have written a letter to Congress..."

    The 1st word in your title should have been "Liberal Economists: Failure to raise..."

    Talk about a misleading title about a biased letter with a dash of appeal to authority.
    You know what I miss? When we just had experts. Why does knowledge and expertise have to have partisan bias? The truth is not left leaning or right leaning. It's just the truth. Why must every expert suddenly be assumed to have some kind of political agenda, as opposed to genuinely caring about their field and wanting the best. Environmentalists genuinely want the environment to survive and remain beautiful and available for future generations. Economists want economic stability and prosperity. Scientists want to uncover the truth about the world. None of these desires are liberal or conservative. The truth is not partisan.
    Liberté. Égalité. Fraternité.

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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Catawba View Post
    Never fear, the Republicans are in control of the House, where you said all spending originates.
    Ok so were in agreement....spending originates in the house.......




    .....who is responsible for most of the debt again? Thanks for playing.......
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  6. #136
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Lachean View Post
    What does ANY of that have to do with trickle down economics? Do you even know what Trickle Down Economics means?

    Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.
    Yea, you don't know what you are talking about.

    Quote Originally Posted by CarlF View Post
    By the way, what has the latest offer been that the democrats given the republicans? Last I heard I thought it was 1 trillion over ten years, I feel like I've somehow missed something because I read an editorial the other day claiming that democrats had offered trillions in cuts or something.
    2trillion was the last offer, Ryan's plan is about 2.4trillion. All three "plans" require raising the debt limit in the short term.

    Quote Originally Posted by Badmutha View Post
    Because that is how Democrats and Statists operate.........no sane public would support giving The Most Expensive President in History another dime........

    .......scaring the hell out of the public is how Democrats try and pass all their hair brain agenda.........
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    I really wish you weren't so partisan. Obama told the truth when he said "the money has already been spent." Its not borrowing more money to pay for spending in the future, its borrowing more money to cover spending already done.

    Quote Originally Posted by CarlF View Post
    What do you mean 'retraction of credit'? I thought it was caused due to people buying too much on credit and businesses over-producing in response which had to end somehow, the 1929 crash.
    The stock market crash of 1929 didn't cause the great depression, it was the polices after the fact that caused it. The newly created FED did not follow its rule of printing more money when they received more gold overseas to keep deflation from happening. As a result, the dollar suddenly and exponentially increased in value, which caused credit freezes because loaning you money today would be a net loss tomorrow. Not only that, but people also saw that spending money today would be a net loss because it would be worth more tomorrow. So while credit froze, so did spending, which made it impossible for business to cover the expenses of its day to day operations.
    Hayek - too liberal for republicans

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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by xpiher View Post
    Yea, you don't know what you are talking about.
    How am I wrong? Don't just state that I am ignorant, this is a debate forum; Show it.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  8. #138
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    Re: Economists: Failure to raise debt limit could lead to recession

    GOP talks the talk but doesn't walk the walk:




    Derek Thompson - Authors - The Atlantic
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Economists: Failure to raise debt limit could lead to recession

    Looks to me like getting the country into debt isn't so much a left or right thing as it is an American thing.
    Liberté. Égalité. Fraternité.

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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Catawba View Post
    Never fear, the Republicans are in control of the House, where you said all spending originates.
    Which is why we are even having this discussion. If they had not won back the House, we would already be further into debt. The sad part is, if there was a GOP president we would likely see them argueing for raising the ceiling and Obama calling that immoral.

    That is an easy one to call as we have already seen that happen.

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