Don't Raise The Debt Limit. The Sky Really Wont Fall...

Discussion in 'Politics' started by LibocalypseNow, Jul 15, 2011.

  1. LibocalypseNow
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    LibocalypseNow Senior Member

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    All this Debt Limit Fear Mongering stuff really has gotten to be ridiculous. The State of Minnesota shut their Government down and guess what?...They're still here. They didn't disappear from the face of Earth in a gigantic ball of fire. In fact,they just got a deal done and are now re-opening their Government. So their shutdown was a good thing in the end. We should not raise the Debt Limit. Not raising it will force them to make big cuts immediately. They will have no choice. And lets face it,force is the only way you're going to get our Government to make real cuts.

    The Nation will not collapse and disappear from the face of Earth if the Debt Limit is not raised. That's all just Fear Mongering B.S. They do this kind of Fear Mongering right before their Wars and spending debacles like Stimulus Packages. Fear is their biggest weapon in getting what they want. The U.S. really will still be here after not raising the Debt Limit. Seriously,it's true. All it will do is force their hand in making real cuts. So don't let fear rule your life. Don't believe their hype. Don't raise the Debt Limit. The Sky really wont Fall.
     
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    Last edited: Jul 15, 2011
  2. LibocalypseNow
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    LibocalypseNow Senior Member

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    Threatening financial calamities and withholding Social Security Checks really is just awful Fear Mongering blackmail. Most people in this country would be shocked to realize the World did not end after not raising the Debt Limit. Unfortunately it's too late for that. The awful Fear Mongering propaganda has been successful in spooking the herd. And that's just sad.
     
  3. LibocalypseNow
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    LibocalypseNow Senior Member

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    I really do hope they don't raise the Debt Limit. You'll have to force the Government to stop their spending madness. And not raising the Debt Limit will do that. I guess we'll see though.
     
  4. Seawytch
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    Seawytch Information isnt Advocacy

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    You can play Russian Roulette and win 5 out of 6 times...
     
  5. Trajan
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    Trajan conscientia mille testes

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    the state and fed are not the same, the damage is taken on the state, not the monetary structure and nationwide fisc.

    I don't think we will default and we should not, but, lest be clear.

    IF anyone read the Moodys and S&P reports on the potential downgrade, just raising the debt ceiling is not the answer, quite the contrary, the downgrade is because we have not planned the to get the debt and deficit under control and adding another 2 trillion in debt is not the answer ( its only a short term budgetary fix).
     
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  6. LibocalypseNow
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    LibocalypseNow Senior Member

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    I don't see it as "Russian Roulette." That's just their hysterical Fear Mongering talking. They always do this right before their Wars and spending nightmares like Stimulus Packages. They have to try and spook the herd. Fear really is their biggest weapon. If they don't raise the Debt Limit,we'll still be here. They'll just be forced to make big cuts immediately. I hope most stand by their principles and vote No on raising the Debt Limit.
     
  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I talked to my boss the other day, I told him that he needed to pay me more because I have so many bills.

    He just looked at me and said GTFO!

    That is what we should say to our "leaders" in D.C.
     
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  8. Seawytch
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    Seawytch Information isnt Advocacy

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    Beyond a Default

    I don't know about anyone else, but it will be pretty catastrophic to anyone living paycheck to paycheck, for their interests rates to go up...in some places 70% of the population owe more on their homes than they are worth.

    Causing damage to the economy of the civilized world isn't something you toy with, period.
     
  9. Wry Catcher
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    Wry Catcher Platinum Member

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    For once we agree, sort of; we should not default on our debt. Where we disagree is on the deficit and long term debt. We should not try to fix a decades old systemic problem in one fiscal year.

    It's time to consider the farwell address of the last competent Republican POTUS.

    American Rhetoric: Dwight D. Eisenhower -- Farewell Address
     
  10. angryvet
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    angryvet Rookie

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    If our bonds are downgraded, we will be borrowing at a higher rate. They just downgraded Ireland, a country with a pretty good economy. I don't think this is Russian Roulette, I think that we are in serious jeopardy of having our TBonds turn into junk bonds.
     

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