Debt ceiling threats have already harmed economy

Discussion in 'Politics' started by Truthmatters, Jul 18, 2011.

  1. Truthmatters
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    Budget stalemate has already hurt the economy - Business - Eye on the Economy - msnbc.com


    That uncertainty is already starting to show up in the latest round of monthly economic data. Industrial output hit the brakes in June, rising a modest 0.2 percent, according to the Federal Reserve. Retail sales and hiring have slowed sharply. On Friday, a widely watched survey of consumer sentiment showed Americans have turned gloomier than they’ve been since March 2009, when the economy was still contracting.
     
    Last edited: Jul 18, 2011
  2. Truthmatters
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    It is the reason the right is finds it so important to keep it from being raised.

    They want to harm the economy so Obama doesnty get re elected.

    Party over country is the rights big plan for the next election
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    What's harmed the economy is government spending which is 40% financed by debt on future taxpayers.
     
  4. Warrior102
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    Warrior102 Gold Member

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    How many TRILLIONS OF DOLLARS has Obama put us in the hole for so far, and talks are "hurting" the economy?
     
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  5. Robert
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    Robert Really nice Guy

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    Then I guess you better hope the Failure and congress pull their collective heads' out of their ass's and come up with a budget that won't destroy this nation. Course they haven't been able to do that for two years now even when the Failure had a majority in both houses.

    Me I suggest we wait until the failure and the senate are move to more moderate hands
     
  6. Leweman
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    Leweman Gold Member

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    Tell Obama to quit holding the debt ceiling hostage with his tax increases will ya? Its harming the economy apparently. Debt "celing" haha. Should be called the debt "elevator". You know ... cause its always going up. Dumb ass government.
     
  7. 8537
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    8537 Senior Member

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    He was discussing 4 trillion dollars in savings with some minimal changes such as the private jet tax and tying SS to the Chained CPI when the Tea Party fucks dragged the reasonable Republicans out of the room.\

    Now those led out of the room are proposing allowing not one, not two but THREE increases with about 1.5T in cuts that aren't event booked.
     
  8. Avorysuds
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    Avorysuds Gold Member

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    Over 10 years while adding 20 Trillion to the deficit in that time... This is to assume we don't go into a depression and people with money invest less because of higher taxes.
     
  9. Truthmatters
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    The republicans care more about their party than they do the American people
     
  10. Robert
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    Robert Really nice Guy

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    Did you see his budget? no you didn't he made a speech he didn't make a budget so where did you come up with 4 trillion? ya he pulled it out of his ass....get back to us when the failure and his cronies have submitted a real budget.
     

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