Let's get real about raising the Debt ceiling

Discussion in 'Economy' started by JimH52, May 16, 2011.

  1. JimH52
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    JimH52 Gold Member

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    Debt ceiling deadline: Why it matters - May. 16, 2011

    As the article states, each time Congress votes to appropriate money, it votes to raise the debt ceiling. When the GOP pushed through their tax cuts for the wealthy, they in essence, noted to raise the debt ceiling.

    GET REAL PEOPLE!
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "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 we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies." -- Barack Hussein Obama, Community Organizer and low-level socialist agitator
     
  3. JimH52
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    JimH52 Gold Member

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    It is a very true statement. This is the results of both Republican and Democratic decisions over the years. The solution must be sought with everything on the table. Economist have said that the deficit cannot be addressed through cuts alone.
     
  4. Jackson
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    Jackson Gold Member Supporting Member

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    Let's get real about cutting the debt, the budget and now thinking about raising those taxes on the wealthy. Common sense hurts, but it's needed now.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Fuck the Rich!!! has worked so well in Cuba, Detroit, Newark, CA and every other Progressive stronghold
     
  6. Truthmatters
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    Truthmatters BANNED

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    The republicans will have to vote for it.

    Their political careers will be ruined if they dont.

    The public will hold them responsible for the mess not voting for it will bring
     
  7. Baruch Menachem
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    Baruch Menachem '

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    I would hope the people get tired of these games of political chicken and find some folks more responsible to replace the current crop of losers, from top to bottom.
     
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  8. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Could not agree more. Unfortunately, many of these losers come from districts that will re-elect them no matter what.
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    We can't keep funding Obama's crack addicted spending habits
     
  10. JimH52
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    JimH52 Gold Member

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    I am of the opinion that Obama insist that the GOP House bring him a clean bill to extend the deficit or he won't sign it. He has capital to burn. Then let the Repubs squirm as we get closer to default. Everyone knows the game that they are playing with this. How many deficit reduction steps were taken before they up the limit during the bush administration. Let me give you a hint....NONE!
     

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