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Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

nonpareil said:
How did "the dems" "spend money like crazy" if they didn't pass a budget? Do you understand how the US government works?
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That is why they did not pass a budget. Now they can spend without having to deal with a budget. They had the stimulus for one thing
 
BDBoop said:
FFS dude. Nobody is hoping that. The sound you hear is people trying to make peace with the fact that we are screwed.
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Let's hope that's the case then.

What's FFS? :confused:
 
ptif219 said:
Moody no longer is credible. Where were they when the housing collapse happened?
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China warns U.S.: Solve debt default crisis - now

China, the U.S.'s biggest foreign creditor, with more than $1 trillion in Treasury debt as of March, called on the U.S. government Thursday to adopt responsible policies to protect investor interests.

The Chinese Foreign Ministry's comments followed a warning by Moody's Investors Service that it might strip the United States of its gold-plated credit rating in coming weeks if the $14.3 trillion limit on America's borrowing was not raised.

The prospect of a cut in the U.S.'s AAA credit rating hit stocks prices globally, and weakened the dollar. Gold prices pushed to a record high as investors saw the precious metal as a safer place for their cash.
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But none of this matters, right? You'll just decide that China's no big, and we're invincible. Right?
 
ptif219 said:
Obama's idea of compromise is the GOP must cave or I will make the old people pay
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Sorry....but it isn't Obama and the Democrats that are the ones that always want to cut medicare...its the Republicans. The GOP believes that if they line the pockets of the wealthy with the money they cut from medicare.....some it "might" trickle back down to the elderly.
 
The Barbarian said:
Sooner or later someone has to take a stand .. . it appears it's the Republicans .... at least trying to make a dent in deficit spending ....
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That's what I'm trying to figure out. Republicans were spending like crazy 10 years ago. They gave us record deficits (at that time), they repeatedly raised the debt limit to accommodate their increases to the national debt. Only now that we have a Democrat in the White House is debt a problem for them.

It certainly wasn't a problem for them as Reagan tripled the debt. They had no problem raising the debt ceiling 17 times to accommodate his spending.

And it certainly wasn't a problem for them as Bush doubled the debt. They had no problem raising the debt ceiling 7 times to accommodate his spending.

Republicans are largely to blame for the debt being as high as it is (60% of the debt came under Republican presidents) but it seemns to me they are now complaining about the mess they made in order to convince America that a Democrat in the White House is the problem.
 
Sheik Yerbuti said:
That's what I'm trying to figure out. Republicans were spending like crazy 10 years ago. They gave us record deficits (at that time), they repeatedly raised the debt limit to accommodate their increases to the national debt. Only now that we have a Democrat in the White House is debt a problem for them.

It certainly wasn't a problem for them as Reagan tripled the debt. They had no problem raising the debt ceiling 17 times to accommodate his spending.

And it certainly wasn't a problem for them as Bush doubled the debt. They had no problem raising the debt ceiling 7 times to accommodate his spending.

Republicans are largely to blame for the debt being as high as it is (60% of the debt came under Republican presidents) but it seemns to me they are now complaining about the mess they made in order to convince America that a Democrat in the White House is the problem.
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That's exactly it. And that information was hammered into them ad nauseum by Faux News.
 
Exactly....the party of No, has no ideas, but they are certainly good at playing politics.
 
ptif219 said:
I take it you did not read the links.
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From the titles I know what they say. It's not my first day following financial news. It doesn't change the fact that dollar fell swiftly after the warning.
 
disneydude said:
Sorry....but it isn't Obama and the Democrats that are the ones that always want to cut medicare...its the Republicans. The GOP believes that if they line the pockets of the wealthy with the money they cut from medicare.....some it "might" trickle back down to the elderly.
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I guess you missed Obama threats to not pay SS checks in August
 
nonpareil said:
From the titles I know what they say. It's not my first day following financial news. It doesn't change the fact that dollar fell swiftly after the warning.
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You should read them and see how corrupt they are
 
ptif219 said:
That is why they did not pass a budget. Now they can spend without having to deal with a budget. They had the stimulus for one thing
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Obama spent trillions without a budget, out of "stimulus for one thing"? <<< Great reason why school should teach students about how their government works.
 
nonpareil said:
Obama spent trillions without a budget, out of "stimulus for one thing"? <<< Great reason why school should teach students about how their government works.
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They should teach how Obama and democrats are not doing there elected duty by not passing a budget
 
Sheik Yerbuti said:
They don't take affect in 10 years. You are confused.
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They are phased cuts that take place over the course of 10 years. In other words, the dems want 1.6 trillion added to the debt ceiling...which will probably cap out before the next fiscal year and are "comprimising" by cutting 160billion this year and each subsequent year. Which any congressional changes could immidiately reverse through new budgets or appropriations.

Thats right, the cuts aren't **** and you know it.
 
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