Page 8 of 15 FirstFirst ... 678910 ... LastLast
Results 71 to 80 of 142

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

  1. #71
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

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

    Quote Originally Posted by Badmutha View Post
    Not Raising The Debt Limit does not equate Default............

    ....The US Government has plenty of monthy revenues to pay its Foreign obligations........primarily interest on all our liberal subprime borrowing to nowhere.....and enough money to cover a majority of operating expenses and obligations here at home......everything else comes to a screeching hault.......unless The Kenyan Tyrant tries to go around Congress, which is probable.....unless Democrats cant manage to cut anything, not even a Cowboy Poetry Contest, and intentionally default.

    $14,000,000,000.00 in the hole....my Grandchildren's grandchildren bankrupt........The Most Expensive President in History in the Whitehouse.........and 95 Debt limit increases later.........

    ......either make significant spending cuts or vote down the debt limit increase.....I say.
    .
    .
    .
    I am just as concerned about the governments domestic obligations to our own people and the economy. Let Congress cut spending the honorable way, vote to cut wasteful spending in all programs including the military, and stop the 30 year practice of giving tax breaks to people just because they are rich, regardless of whether they contribute to the US economy or not.

    And don't forget that most of that 14 trillion dollar debt was added under Republican Administrations.
    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

  2. #72
    Sage
    samsmart's Avatar
    Join Date
    Dec 2009
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    10,316
    Blog Entries
    37

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

    To be fair, I think that it's less Congress raising the debt ceiling that will lead to a recession and more of Congress' inability to do anything that will cause it.

    Businesses like stability. Stability leads to less risk which means businesses better predict what will happen because of their actions. Because Congress refuses to take one road (raise the debt ceiling) or the other (cut spending) businesses are having trouble predicting the markets. Which means less money spent. Which means looming recession.

    At this point, I think many businesses would even be fine with raising taxes and cuts in subsidies as long as Congress finally settled the matter and did something.
    Also, we need to legalize recreational drugs and prostitution.

  3. #73
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

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

    Quote Originally Posted by BDBoop View Post
    Okay. All of you who are claiming it's just democratic rhetoric: Find me a conservative/republican who thinks it's a good idea to default on the debt.
    Here we go again......That is NOT the arguement. Why does this continue? The arguements are 1. Not raise the debt limit and default or 2. Not raise the debt limit and take the necessary actions needed so we do not default on our loans.

    Or wait, let's try this. Find me a liberal/democrat who believes we should borrow ad infititum?

  4. #74
    User CarlF's Avatar
    Join Date
    Jun 2011
    Last Seen
    07-31-11 @ 03:27 PM
    Gender
    Lean
    Libertarian
    Posts
    125

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

    Quote Originally Posted by xpiher View Post
    To explain in detail would require me to write an entire 20-30 page essay. I will simply limit it to this one statement: The great depression was largely caused by a sudden and global retraction of credit which cause business to not be able to meet their day to day obligations, despite sound business practices. If the US default, the same will happen because the entire world's credit market is currently being upheld by USGOV debt.
    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.
    Quote Originally Posted by 1Perry View Post
    Wow, and to think I thought I noted what would have to happen.
    What?
    Quote Originally Posted by BDBoop View Post
    Okay. All of you who are claiming it's just democratic rhetoric: Find me a conservative/republican who thinks it's a good idea to default on the debt.

    I'll wait right here.

    I leave you with this article.

    House Speaker Boehner warns against debt default | Reuters
    Well I could name one.. but he doesn't think defaulting is going to help us, just that it's better to do that than go further in debt and keep spending.
    Quote Originally Posted by Badmutha View Post
    Not Raising The Debt Limit does not equate Default............

    ....The US Government has plenty of monthy revenues to pay its Foreign obligations........primarily interest on all our liberal subprime borrowing to nowhere.....and enough money to cover a majority of operating expenses and obligations here at home......everything else comes to a screeching hault.......unless The Kenyan Tyrant tries to go around Congress, which is probable.....unless Democrats cant manage to cut anything, not even a Cowboy Poetry Contest, and intentionally default.

    $14,000,000,000.00 in the hole....my Grandchildren's grandchildren bankrupt........The Most Expensive President in History in the Whitehouse.........and 95 Debt limit increases later.........

    ......either make significant spending cuts or vote down the debt limit increase.....I say.
    .
    .
    .
    Then why does the treasurer tell us we have till the 22nd? You'd think he'd have accounted for all those revenue sources when he gave us that deadline?
    Last edited by CarlF; 07-06-11 at 11:53 PM.

  5. #75
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

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

    Quote Originally Posted by CarlF View Post
    What
    Go back and look. I noted where we may have to quit bombing Libya, Afghanistan and Iraq. We may have to actually get serious in addressing fraud. We might have to quit paying prison head shrinks $850,000 a year. We would have to make some serious decisions on what we are going to fund and what we aren't. We can continue making payments on our loans.

    Then why does the treasurer tell us we have till the 22nd? You'd think he'd have accounted for all those revenue sources when he gave us that deadline?
    The deadline has moved 3-4 times.
    Last edited by 1Perry; 07-07-11 at 12:02 AM.

  6. #76
    User CarlF's Avatar
    Join Date
    Jun 2011
    Last Seen
    07-31-11 @ 03:27 PM
    Gender
    Lean
    Libertarian
    Posts
    125

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

    Quote Originally Posted by 1Perry View Post
    Go back and look. I noted where we may have to quit bombing Libya, Afghanistan and Iraq. We may have to actually get serious in addressing fraud. We might have to quit paying prison head shrinks $850,000 a year. We would have to make some serious decisions on what we are going to fund and what we aren't. We can continue making payments on our loans.
    Sure, but then we wouldn't default. I just said that if we default it's bad news. We should really cut so that we don't have to do that, but do you think that amount of cuts is really going to happen with like one week left?
    Quote Originally Posted by 1Perry View Post
    The deadline has moved 3-4 times.
    Has it? I know it's moved from early August to late July, but that's not too much of a change and it's backwards too. Unless you're talking about cutting in order to avoid default which is what I would support.

  7. #77
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

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

    Quote Originally Posted by CarlF View Post
    Then why does the treasurer tell us we have till the 22nd? You'd think he'd have accounted for all those revenue sources when he gave us that deadline?
    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.........
    .
    .
    .

  8. #78
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

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

    Quote Originally Posted by Catawba View Post
    I am just as concerned about the governments domestic obligations to our own people and the economy.
    Well the Ponzi schemes are just about up..........

    [QUOTE]
    Let Congress cut spending the honorable way, vote to cut wasteful spending in all programs including the military, and stop the 30 year practice of giving tax breaks to people just because they are rich, regardless of whether they contribute to the US economy or not.
    We cant tax our way out........and Democrats cant bring themselves to cut even a cowboy poetry contest......

    And don't forget that most of that 14 trillion dollar debt was added under Republican Administrations.
    Spending originates in the house........



    .....and the Democrat Party is responsible for the programs and departments that consume over 70% of the budget.........and Democrats still want MORE GOVERNMENT.
    .
    .
    .
    Last edited by Badmutha; 07-07-11 at 12:36 AM.

  9. #79
    User CarlF's Avatar
    Join Date
    Jun 2011
    Last Seen
    07-31-11 @ 03:27 PM
    Gender
    Lean
    Libertarian
    Posts
    125

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

    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.........
    .
    .
    .
    What the hell is that supposed to mean.. The treasurer has said we can keep going until the 22nd without defaulting or cutting anything, can you explain to me how this is not true with facts and information and not vague rhetoric..

  10. #80
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

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

    Quote Originally Posted by CarlF View Post
    What the hell is that supposed to mean.. The treasurer has said we can keep going until the 22nd without defaulting or cutting anything, can you explain to me how this is not true with facts and information and not vague rhetoric..
    It means we still have enough monthly revenues to cover the necessities........

    .....but the Obama smorgasboard of out of control spending will have to come to an end.
    .
    .
    .

Page 8 of 15 FirstFirst ... 678910 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •