. . . all that sincere negotiating over lifting the debt ceiling . . .

Discussion in 'Economy' started by charles brough, Jun 18, 2011.

  1. charles brough
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    charles brough civilization-overviewer

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    . . or is it? Or is it now a game of "chicken"? Each side holds back until we get closer to default hoping the other side will give in first in order to prevent default! The extremists, the Tea Party bunch are pressing to cut welfare expenses a few trillion dollars in order to avoid rising the debt ceiling at all.:evil:

    They would rather have the insane, retarded, aged, homeless and unemployed wandering the streets without food or shelter in order to avoid paying the same taxes they paid during the Clinton Administration. They don't want to cut out the some 35 billion dollars in agricultural subsidies either, nor the tax breaks for the oil companies or close a mass of unneeded military bases in the US.:eek:

    Perhaps I should stock up on gold and oil stocks!:eusa_whistle:
     
  2. Baruch Menachem
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    Baruch Menachem '

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    This whole game would have been impossible if folks had been more responsible.

    It is not just the conservatives who are playing fowl here.
    [​IMG]
     
  3. Sheldon
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    Sheldon Senior Member

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    I think someone needs to wash that fowl mouth of yours out with some soap.
     
  4. william the wie
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    william the wie Gold Member

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    Biden is just playing a role, there is no D negotiating.
     
  5. FiscalSanity
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    FiscalSanity Member

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    Why does everyone buy into all the doom and gloom stories about grandma not getting her social security check? The federal government has a ton of things it can stop paying for a while without touching social security payments or servicing our debt. Little things like parks and recreation, UN dues, etc. If Grandma doesn't get her social security check it's because some politician deliberately include the social security fund in the cuts to score political points.

    In the long run social security and medicare are going to have to be reformed or they will bankrupt the county, but screaming that they are going to have to stop paying them this year is just a way for the politicians to panic us into tolerating another spending increase on their part.
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    The debt ceiling fight is not the last chance to broker an agreement on debt reduction. At least it shouldn't be...
    :confused:
    Debt ceiling: Just do it
    Money June 27, 2011: Warnings from all three credit ratings agencies didn't do it. Seven weeks of talks among lawmakers didn't do it. Maybe President Obama's talks with Capitol Hill brass will do it.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says the only thing dey defaultin' on is sendin' her dat 2nd stimulus check...
    :confused:
    Default? Under Obama, Tax Revenues Have Exceeded Combined Costs of Interest, Entitlements and Federal Wages
    Friday, July 08, 2011 - Federal tax revenues have exceeded federal interest payments on the national debt by more than 10-fold during the presidency of Barack Obama, according to the daily accounting statements published by the U.S. Treasury Department.
     
  8. Flopper
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    Flopper Gold Member

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    That's not a bad idea. I'm a Democrat and own some.
     
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  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says Obama needs to put a boot up Congress' butt an' tell `em to quit holdin' Social Security hostage for rich folks tax breaks an' pork barrel spending...
    :cool:
    Obama: Social Security checks 'not guaranteed'
    July 12, 2011: President Obama issued a broadside Tuesday in the debt ceiling debate, saying in a high-profile interview that he cannot ensure government benefits -- including Social Security -- will be paid if Congress fails to act.
    See also:

    GOP leader says give Obama new debt limit powers
    WASHINGTON – With compromise talks at a vituperative standstill, Senate Republicans unexpectedly offered Tuesday to hand President Barack Obama new powers to avert a first-ever government default threatened for Aug. 2.
     
  10. Quantum Windbag
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    Quantum Windbag Gold Member

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    Not raising the debt ceiling does not mean that the US will go into default on anything.
     

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