|
Post by OutlawwithaSnipeSniper on Jul 20, 2011 18:54:27 GMT -6
Yes they are beginning to see the light and understanding we're lucky to still have an economy. The boat is still afloat even with all the attempts to sink it Here again, kindly quote some real numbers. Those people who were 99ers, still don't have jobs, and we are 4 Trillion deeper in the hole. Who did you say is attempting to sink it?
|
|
|
Post by greekgod on Jul 20, 2011 20:57:14 GMT -6
Yes they are beginning to see the light and understanding we're lucky to still have an economy. The boat is still afloat even with all the attempts to sink it Here again, kindly quote some real numbers. Those people who were 99ers, still don't have jobs, and we are 4 Trillion deeper in the hole. Who did you say is attempting to sink it? Sniper, Those who want to sink it immediately are those so indoctrinated in ideology that they will refuse to vote to raise the "Debt Ceiling" in order to bring down Obama, and the perhaps the World Economy. Name the ECONOMISTS that believe if the "Debt Ceiling"is not raised it will not be a catastrophe. From what I've read, even Wall Street CEO's are informing Congress how dangerous it will be not to raise the Debt Ceiling. These individuals are of the same mentality as a commander in a war, and I'm sorry I can't remember his name, with the philosophy "We had to destroy the town, in order to save it!" I always find those who subscribe to an "OXYMORON", ah, ah, what is the word for which I search? g ;D
|
|
|
Post by dog on Jul 21, 2011 6:59:56 GMT -6
Here is the best reason I have heard for not raising the debt ceiling:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.
Senator Barack Obama Senate Floor Speech on Public Debt March 16, 2006
|
|
|
Post by super on Jul 21, 2011 7:16:18 GMT -6
where is the non political entity to make the financial decisions, the hard choices that need to be made for the good of all ? who could ever have that kind of control ?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 21, 2011 8:11:38 GMT -6
where is the non political entity to make the financial decisions, the hard choices that need to be made for the good of all ? who could ever have that kind of control ? Isn't his name Grover Norquist? Oh! Get this! Grover now says ending the Bush tax cuts to increase revenue would not violate "The Pledge" or be considered as increasing taxes , and it would be good for the country
|
|
|
Post by super on Jul 21, 2011 9:17:17 GMT -6
is there ever too much balance of power cant end the Bush cuts now everyones ready to jump ship as it is
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 21, 2011 10:16:15 GMT -6
is there ever too much balance of power cant end the Bush cuts now everyones ready to jump ship as it is There could never be too much balance, but balance does not equate to being intrusive. I would just like to know where Grover's name is mentioned in the US Constitution or in any part, at any level of our governmental bodies, and why any of our representatives are answering to him.
|
|
|
Post by greekgod on Jul 21, 2011 18:00:33 GMT -6
Apparently Grover Norquist has "flip-flopped" on his initial comment that by letting the Bush Tax Cuts expire would not "violate" THE PLEDGE.
It seems he's not certain now.
His hedging might confuse the "Tea Party members" of the U.S. House of Representatives more.
No, that would be impossible.
I hope the "Tan Man" Boehner starts thinking about his legacy.
g
|
|
|
Post by katydid on Jul 21, 2011 18:28:17 GMT -6
Dunno if this is ole Grover's reasoning or not, but letting the Bush and Obama tax cuts for the rich expire would only be accepted if they agree to lower the MARGINAL tax rates on EVERYONE, which would be creeping toward a flat or fair tax.
|
|
|
Post by greekgod on Jul 21, 2011 19:27:58 GMT -6
Dunno if this is ole Grover's reasoning or not, but letting the Bush and Obama tax cuts for the rich expire would only be accepted if they agree to lower the MARGINAL tax rates on EVERYONE, which would be creeping toward a flat or fair tax. Katydid, Is this the OFFICIAL TEA PARTY POSITION? g ;D
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 21, 2011 22:14:55 GMT -6
Here is the best reason I have heard for not raising the debt ceiling: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America. And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Senator Barack Obama Senate Floor Speech on Public Debt March 16, 2006 He was spot on, wasn't he?
|
|
|
Post by dog on Jul 22, 2011 7:09:35 GMT -6
Here is the best reason I have heard for not raising the debt ceiling: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America. And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Senator Barack Obama Senate Floor Speech on Public Debt March 16, 2006 He was spot on, wasn't he? Lets hope he practices now, what he preached then.
|
|
|
Post by Snarko on Jul 22, 2011 10:22:49 GMT -6
He was spot on, wasn't he? Lets hope he practices now, what he preached then. Yes, let's hope so. Because it would be unthinkable for a President to say "Read my lips - no new taxes" before he's President, and then raise taxes as soon as he gets in. Oh, wait. That was a Republican President who said one thing before he became President and did another after. But that doesn't count, right? It doesn't count when it's a Republican, right? Yeah. You believe that, and I've got enough bridges to sell ya that it'll pay off the deficit.
|
|
|
Post by dog on Jul 22, 2011 10:43:31 GMT -6
Lets hope he practices now, what he preached then. Yes, let's hope so. Because it would be unthinkable for a President to say "Read my lips - no new taxes" before he's President, and then raise taxes as soon as he gets in. Oh, wait. That was a Republican President who said one thing before he became President and did another after. But that doesn't count, right? It doesn't count when it's a Republican, right? Yeah. You believe that, and I've got enough bridges to sell ya that it'll pay off the deficit. You're barking up the wrong tree Snarko. You think by referencing a republican president I would be offended. I would be pi$$ed whether it was a democrat or republican that said no new taxes, and then went ahead and raised taxes. What Obama said in that speech about the debt ceiling is correct. You are just pi$$ed because I am throwing it back in your face that he was right back then and he should be looking at it the same way now.
|
|
|
Post by OutlawwithaSnipeSniper on Jul 22, 2011 11:50:05 GMT -6
Yes, let's hope so. Because it would be unthinkable for a President to say "Read my lips - no new taxes" before he's President, and then raise taxes as soon as he gets in. Oh, wait. That was a Republican President who said one thing before he became President and did another after. But that doesn't count, right? It doesn't count when it's a Republican, right? Yeah. You believe that, and I've got enough bridges to sell ya that it'll pay off the deficit. Yea, we DUMPED hisassafter his flip flop. It remains to be seen if Dems. have the same set of stones, or will they whimper before their master. Want to bet how the majority of Dems vote?
|
|