View Poll Results: Which Tea Partier said this?

Voters
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  • Michelle Bachmann

    2 11.76%
  • Sarah Palin

    0 0%
  • Rush Limbaugh

    0 0%
  • Shakira Shakira

    2 11.76%
  • Barack Obama

    5 29.41%
  • I think I know where this is going

    8 47.06%
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Thread: Which Tea Partier said this?

  1. #21
    Pragmatic Idealist
    upsideguy's Avatar
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    Re: Which Tea Partier said this?

    Quote Originally Posted by cpwill View Post
    harmed the nation beyond measure? beyond the ability to measure?


    how, exactly, is not going further into debt going to harm us that much.
    Not extending the debt limit means that the debt does not get serviced....i.e. The US Government defaults on what is generally considered the securest debt instruments in the world, and the unreproached "good faith and credit of the United States Government" is compromised. The consequential interest rate adjustment would likely cost us far more than the addtional debt. Not a good thing.

  2. #22
    Sage
    cpwill's Avatar
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    Re: Which Tea Partier said this?

    Quote Originally Posted by upsideguy View Post
    Not extending the debt limit means that the debt does not get serviced....i.e. The US Government defaults on what is generally considered the securest debt instruments in the world, and the unreproached "good faith and credit of the United States Government" is compromised. The consequential interest rate adjustment would likely cost us far more than the addtional debt. Not a good thing.
    actually that would be an excellent thing. one of the key's to recovering from alcoholism is to remove all the alcohol from the house.

  3. #23
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    Re: Which Tea Partier said this?

    Quote Originally Posted by Manc Skipper View Post
    It's a bit soon to be rewriting history within living memory.
    no, he's right. the Clinton Administration basically double-counted Social Security revenues (first when it came in to fund Social Security, and then when they were put into T-Bills as "revenue") in order to get it over the line, and then declared that they had a "surplus". the National Debt increased every year. mind you, Bush ran on a policy of using those surpluses to fund tax cuts, so it's not like both parties didn't play along; but they never actually existed outside of the political discourse (imaginationland).

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