The madness that is Republican

[Si modo]

Threatening to not raise the debt ceiling.
Threatening to cut Medicare.
Threatening to cut people's unemployment unless the rich get more tax breaks.
Slashing funding for education.

Clearly that describes "reckless", "insane" and "madness".

Not when the CBO says we can't do what Obama wants.

What Obama wants is the opposite of what the CBO says we need to do.

So, NO...N-O to Obama.

Spending more than we have is reckless and insane. Continuing to do so when the situation is dire, makes some wonder if ruination is the goal of Obama.

....

Despite the low projected figure for defense spending and all other spending, the high costs of the major health care programs and Social Security mean that total outlays apart from interest on the debt are projected to be 20.5 percent of GDP in 2021, nearly 2 percentage points above the 40-year average. After interest payments are included, total outlays are projected to be nearly 24 percent of GDP, 6 percentage points more than the average amount of revenues during the past 40 years.

Therefore, given the aging of the population and the rising cost of health care, the United States cannot achieve all of the following objectives in the future:

Keep federal revenues at their average share of GDP during the past 40 years.
Provide the same sorts of benefits for older Americans that we have provided in the past 40 years.
Operate the rest of the federal government in line with its role in our economy and society during the past 40 years.
....​

(link above for CBO Director)

One must laugh at your tripe. The retards hve trashed America for the last 20 years eaisly, and you bring up ruination. LMAO!!

I bring it up because that is the case.

Again, the argument that we continue on the path to financial ruin because we always have been on that path is insanity by definition.



Give yourself a pat on the back, skippy.

 

[C_Clayton_Jones]

It's not madness, it the GOP working to make Obama a one term POTUS.

That is fairly obvious, isn't it?

That is the Republican party's only current goal.

True. They know where the real power lies, and it’s not in the House.

The irony, of course, is conservatives whine about the government being ‘too big’ yet say noting about the inordinate size of and power of the Executive, in conflict with the Framers’ original intent. The right loves the Imperial Presidency, the ability to rule unchecked, to issue EOs and signing statements, to effect policy without Congressional oversight, and appoint judges and justices to the courts.

They attack Obama for doing exactly what GWB did, and what a future republican president will certainly do.

As noted: for the GOP it’s not about what’s best for the Nation, it’s about the acquisition and retention of power.

 

[Sarah G]

Since 1939, Congress has raised the debt limit 89 times. That’s not a typo. The issue has come up 89 times, and in 89 instances, Congress passed a clean bill. In fact, in two-thirds of these instances, there was a Republican president, and no one ever used the vote as leverage for a reward.

During the Bush presidency, Republicans raised the debt ceiling, without strings or preconditions, seven times. The current GOP leadership in Washington has voted to raise the debt limit 19 times. Bush’s former budget director said this “ought to be treated as the housekeeping matter it is.”

But we’ve now reached the point at which routine housekeeping, which didn’t even give conservative Republicans a second thought as recently as 2008, is considered beyond the pale. This is madness.

Political Animal - The easiest, most effective way to resolve the crisis

Great post, this congress is going to pay for their antics. Allowing default only because they don't want special interests and the wealthiest to pay more in taxes is going to make for some effective attack ads down the road.

 

[Si modo]

The willfully blind always refuse to see.

 

[Leweman]

It's not madness, it the GOP working to make Obama a one term POTUS.

That is fairly obvious, isn't it?

That is the Republican party's only current goal.

True. They know where the real power lies, and it’s not in the House.

The irony, of course, is conservatives whine about the government being ‘too big’ yet say noting about the inordinate size of and power of the Executive, in conflict with the Framers’ original intent. The right loves the Imperial Presidency, the ability to rule unchecked, to issue EOs and signing statements, to effect policy without Congressional oversight, and appoint judges and justices to the courts.

They attack Obama for doing exactly what GWB did, and what a future republican president will certainly do.

As noted: for the GOP it’s not about what’s best for the Nation, it’s about the acquisition and retention of power.

For the Democrats, its the exact same thing. Dingus!

 

[Mr.Nick]

Since 1939, Congress has raised the debt limit 89 times. That’s not a typo. The issue has come up 89 times, and in 89 instances, Congress passed a clean bill. In fact, in two-thirds of these instances, there was a Republican president, and no one ever used the vote as leverage for a reward.

During the Bush presidency, Republicans raised the debt ceiling, without strings or preconditions, seven times. The current GOP leadership in Washington has voted to raise the debt limit 19 times. Bush’s former budget director said this “ought to be treated as the housekeeping matter it is.”

But we’ve now reached the point at which routine housekeeping, which didn’t even give conservative Republicans a second thought as recently as 2008, is considered beyond the pale. This is madness.

Political Animal - The easiest, most effective way to resolve the crisis

I'm starting to believe liberals believe money grows on trees and when you need more money you just plant a new money tree.

Sure, when you max out a credit card you just get a new one right then worry about paying the other one off later, but when later comes the progressive just defaults and declares bankruptcy....

Well there is no "bankruptcy" when it comes to national debt - only inflation.

 

[Kiki Cannoli]

So, the argument is that because we have been reckless and insane in the past, we should be reckless and insane.

Yup, that's madness - by definition.

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

 

[Si modo]

So, the argument is that because we have been reckless and insane in the past, we should be reckless and insane.

Yup, that's madness - by definition.

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

 

[Article 15]

So, the argument is that because we have been reckless and insane in the past, we should be reckless and insane.

Yup, that's madness - by definition.

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

 

[Mr.Nick]

So, the argument is that because we have been reckless and insane in the past, we should be reckless and insane.

Yup, that's madness - by definition.

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

It's almost like this is a game to some. "No fair we want our turn, you got yours."

 

[elvis]

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

or the fact that our credit rating will be lowered, which will discourage countries like China from buying US government securities.

 

[kaz]

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

Since government spending doesn't create economic value, no, it isn't insane. You have a farm community. The town hires a mayor who brings in a whole gang of people to work for him. Their money comes from the farms, and they use the money to buy food from the farms. When the farms struggle, the farmers want to run the mayor's staff who don't produce anything out of town.

A man asks, but if you run them out of town, won't the farmers struggle? That man of course is a liberal. Well, since they are paying the men the money they are using to buy food from them, no, they won't. Government? Ditto...

 

[Kiki Cannoli]

So, the argument is that because we have been reckless and insane in the past, we should be reckless and insane.

Yup, that's madness - by definition.

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

No, my point is those who are expressing outrage need to come back down to reality and own up to their contributions to the mess, acknowledge previous poor choices and work to right the trend.

The Republicans are not going to allow the USA to default because of market uncertainty. Their own personal wealth would be at risk.

 

[Si modo]

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

or the fact that our credit rating will be lowered, which will discourage countries like China from buying US government securities.

Regardless of whether our credit rating is lowered or not, the ramifications will be the same. It's not as if our financial situation is unknown to the world.

 

[kaz]

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

or the fact that our credit rating will be lowered, which will discourage countries like China from buying US government securities.

Or selling them. The whole default thing is a canard anyway. Government will still get 60% of its budget from ongoing tax collections. If it were catastrophic to not pay our debt, wouldn't we continue to pay our debt out of the 60% we're still getting? Just a thought...

 

[Rinata]

waaaaaaaaa, those pesky Republicans are getting in the way of giving our beloved Obama and his comrades in arms, MORE TRILLIONS TO WASTE before he leaves office. Hell, TWO TRILLION wasn't enough in just THREE YEARS.

And they want to PREVENT him raising TAXES on people to pay for his spending spree...oh those DAMN REPUBLICANS. they are meanies

I'm so happy for you, Steph. For all of you right wingers. Maybe this country will go right down the tubes thanks to the leaders of your party. That's what you wanted, right??? Maybe you'll get your wish!!!

 

[Si modo]

This statement has been shared a few time, not to single SI Modo out but to use his post as an example.

It is not that the dysfunctional cycle should continue, but the outrage being expressed at the suggestion that the debt ceiling should be raised again is quite hypocritical.

And, if true, is that reason to continue being reckless/dysfunctional/insane, now?

Is that your point?

No, my point is those who are expressing outrage need to come back down to reality and own up to their contributions to the mess, acknowledge previous poor choices and work to right the trend.

....

I agree with that. Previous administrations have spent like drunken sailors, too. But, this administration is spending in record-breaking numbers, according to the CBO.

....

The Republicans are not going to allow the USA to default because of market uncertainty. Their own personal wealth would be at risk.

I really don't think it matters what the Republicans do with respect to our financial health at this point. I would like to see some control for this inevitable train wreck. But, partisan politics seem more important, as always. Bush left a mess, and Obama has made it worse.

 

[Si modo]

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

or the fact that our credit rating will be lowered, which will discourage countries like China from buying US government securities.

Or selling them. The whole default thing is a canard anyway. Government will still get 60% of its budget from ongoing tax collections. If it were catastrophic to not pay our debt, wouldn't we continue to pay our debt out of the 60% we're still getting? Just a thought...

Right.

 

[elvis]

You don't see not raising the debt ceiling and instantly cutting $1.5 trillion in spending in a fragile economy as reckless/dysfunctional/insane?

or the fact that our credit rating will be lowered, which will discourage countries like China from buying US government securities.

Or selling them. The whole default thing is a canard anyway. Government will still get 60% of its budget from ongoing tax collections. If it were catastrophic to not pay our debt, wouldn't we continue to pay our debt out of the 60% we're still getting? Just a thought...

we pay our debt by other countries investing in government securities, which pay very low interest, but are extremely safe. Why? because the US government has never defaulted. Once you default, these investors will never again be so confident.

 

[Si modo]

or the fact that our credit rating will be lowered, which will discourage countries like China from buying US government securities.

Or selling them. The whole default thing is a canard anyway. Government will still get 60% of its budget from ongoing tax collections. If it were catastrophic to not pay our debt, wouldn't we continue to pay our debt out of the 60% we're still getting? Just a thought...

we pay our debt by other countries investing in government securities, which pay very low interest, but are extremely safe. Why? because the US government has never defaulted. Once you default, these investors will never again be so confident.

The credit rating is just an index to give those who want to invest a quick idea of the financial health of the organization in which they are investing. Raising the debt ceiling does nothing to increase our ability to pay and the investors know that our ability to pay as measured by the rating is artificial.

Raising the debt ceiling does nothing real.