The Question Liberals Can't Answer

Discussion in 'Politics' started by kaz, Jul 30, 2011.

  1. kaz
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    kaz Diamond Member

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    I keep asking liberals this question every time they use the word "default." They aren't answering it. So let's try a thread for it.

    Why would the US default on our debt payments when it would be catastrophic (according to you), debt payments are $20 billion a month and tax revenue is $200 billion a month? Obviously we wouldn't. When you have to endlessly use scare tactic lies to justify your views, maybe at some point you should question your views...
     
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  2. Oddball
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    Oddball Diamond Member Supporting Member

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    Two words: Cognitive dissonance.
     
  3. Grampa Murked U
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    Grampa Murked U Diamond Member

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    I suspect this thread will quickly die a "silent" death.......
     
  4. Steelplate
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    Steelplate Bluesman

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    It's not just the debt payments... there's this other matter of running the country along with the debt payments. Let me ask... is that $20B interest only, or actually the normal payment.

    If it's an interest only deal... let me ask you something. What happens if you only pay interest payments to your creditors? What happens to your Credit Rating? What is the resulting problem with a shitty credit rating... oh yeah.. interest rates go up and that $20B/month turns into $40B/month.

    We don't need to do this crap... that's the problem. I think the issue of debt is on the front burner, and no matter how this ends, will be a focal point from here on out.
     
  5. Richard-H
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    Richard-H Gold Member

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    To avoid default the government has to pay all it's obligations, not just a select few.
     
  6. kaz
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    kaz Diamond Member

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    Agreed, but this thread is specifically about the left's endless lie that we will "default" on our debt payments.

    You realize we're not paying back principle now, right? We run a deficit every year. Including the Clinton so called surplus years the national debt went up every year. So if we went to paying interest only, that would be vastly superior to the current situation.
     
  7. kaz
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    kaz Diamond Member

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    Ding, ding, ding! This whole thread was for this purpose. To get you to admit that not redistributing money is is failing to pay "debt." It's frankly sick. But at least you're honest. Thank you for that at least.
     
  8. Oddball
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    Oddball Diamond Member Supporting Member

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    There's no obligation to keep military bases open, where the wars have been over for decades.

    There's no obligation to continue funding HUD, HHS, Departments of Energy, Commerce, Labor, Education, CPB/PBS/NPR, NEA, ONDCP, Ad Council, and a jillion other silly-assed domestic bureaucracies.
     
  9. Patrick2
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    Patrick2 Senior Member

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    The government pays the interest, and defers or better permanently lowers the pay of the vast, vastly over compensated federal workforce to get the money. Easy as pie. (yawwwwwwwwwn)
     
  10. kaz
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    kaz Diamond Member

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    The debt ceiling is in fact the weapon fiscal conservatives refuse to use. We can block borrowing more money to force the government to live within it's means, and that's exactly what we should do.

    This is BTW why I'm not sold on the balanced budget amendment as well. Clinton ran a surplus yet borrowed money because the surplus was a lie. The balanced budget amendment can pass and yet the debt can go up for the same reasons. Not allowing the Federal government to borrow more money captures all those gimmicks that allow politicians to lie they balanced the budget when they didn't. That's what gets crooked companies in the end. No matter how much they cook the books, in the end they run out of dough.
     

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