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

  1. #31
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by BDBoop View Post
    Glad you asked, Boop! Current GOP Leaders Upped Debt Limit 19 Times During Bush Presidency. Whoa, really? I'm surprised, are you surprised? I'm surprised!
    sheeez .. . I would expect even a liberal to realize .. that doing something stupid for the 20th time .. is not the answer to doing it 19 times before .. I guess some people just refuse to learn
    Last edited by The Barbarian; 07-04-11 at 07:35 AM.

  2. #32
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by The Barbarian View Post
    sheeez .. . I would expect even a liberal to realize .. that doing something stupid for the 20th time .. is not the answer to doing it 19 times before .. I guess some people just refuse to learn
    RIGHT NOW. There is no other solution. They better get their **** together.

    Oh, by the way? Now that it's the final countdown, The republicans are starting to rethink their stance. Quelle shock.

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

    Quote Originally Posted by BDBoop View Post
    RIGHT NOW. There is no other solution. They better get their **** together.
    Of course there is. If we do not raise the limit we can still pay the things we have to. We'll just have to decide what things we choose to pay for that we aren't going to.

  4. #34
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by 1Perry View Post
    Of course there is. If we do not raise the limit we can still pay the things we have to. We'll just have to decide what things we choose to pay for that we aren't going to.
    Apparently, the republicans disagree with you.

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

    Quote Originally Posted by BDBoop View Post
    Apparently, the republicans disagree with you.
    No doubt. They have votes to court also.

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

    Quote Originally Posted by 1Perry View Post
    Of course there is. If we do not raise the limit we can still pay the things we have to. We'll just have to decide what things we choose to pay for that we aren't going to.
    Which is better, cutting entire departments of government slowly or suddenly? What will "shock" the economy more?
    Hayek - too liberal for republicans

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

    Quote Originally Posted by The Barbarian View Post
    Here is a thought … They are going to raise the debt ceiling anyway.. So how about this .. raise it … and agree that this is the last time for the next say 5 or 10 years that it will be raised .. so we better get our spending down to where we don't have to raise it again .. cause it's not going to happen

    That way we paid our debts .. as promised … while at the same time we begin to cut .. next year when this comes up again . It can be fairly said .. that we told the American people it wasn't going to happen .. and if it demands a government shut down .. then so be it .
    Those promises are invariably broken. If it's not in writing, it's worthless.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

  8. #38
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by BDBoop View Post
    So "liberal" cancels out "Nobel Laureate" and "prominent" as well. Yes? Not to mention the sheer numbers.

    And
    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 http://www.nizkor.org/features/falla...-the-well.html
    Last edited by tacomancer; 07-05-11 at 07:54 PM.

  9. #39
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by BDBoop View Post
    Apparently, the republicans disagree with you.
    I don't think they actually disagree. They just don't want the taste of that "medicine" in everybody's mouths come election day.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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

    Where's Uncle Milty when we need him? Oh I know, we can always search youtube if we want real sound monetary policy in the nation, but hey, what can I say?

    I can't think of one respected economist... Oh wait, um, what's an economist exactly? LOL


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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