The Repug have their backs to the wall and they know it

Discussion in 'Politics' started by Richard-H, Jul 12, 2011.

  1. Richard-H
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    Richard-H Gold Member

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    The repugs have 2 choices:

    Raise the debt ceiling or raise the debt ceiling.

    They know damn well that if they do not raise the debt ceiling the ensuing economic collapse means:

    First, their 'base' is going to lose wealth like never before. It'll make the 2008 collapse look like boom times. They will have no base. The GOP will be KAPUT!

    Second, once the economic catastrophe is evident, the President is just going to invoke the 14th amendment and order the Treasury to pay it's bills anyway.

    Third, they'll lose so much support (their former base will be too busy filing for bankruptcy to care about politics), that Obama will dictate the upcoming budget - and it will be a strictly Democratic one.

    Their only real choice is to raise the debt ceiling and take the best they can get for a budget deal.

    Sure, they'll lose face with their 'core', but what does that matter? Who else are these wingnuts going to vote for? By the time 2012 comes aroung the GOP spin machine will paint the whole fiasco ever color but true.

    :eek:
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Where does the 14th amendment authorize the President to do anything concerning the budget?

    And the dirty little secret here is that we still have money to pay.
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    Obama is pulling out all the stops on this one. Today I see reported that he is saying people won't get their SS checks if this isn't done.
    Next thing he will say soldiers will not get paid and will be stuck in mid-fire fight with no bullets to shoot back with.
    Obama will cave on the debt ceiling because he must. He is the guy in charge.
     
  4. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    I hope that happens.

    If he sits on his hands, or if he withholds peoples' social security that was originally supposed to be secure and free from Congress using the money for pet projects not related to the retirement of the people who paid into the social security fund, he may not be reelected for the duration.
     
  5. Richard-H
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    Richard-H Gold Member

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    The 14th Amendment:

    "The validity of the public debt of the United States, authorized by law...shall not be questioned."

    Congress already spent the money...now it's time to pay. NO QUESTION ABOUT IT!
     
  6. Zona
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    Zona A guy in ariZONA

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    Any comments now? The debt ceiling will be raised but he will "cave" to what? Seriously, what the hell are you talking about. Of course the ceiling will be raised.....everyone who knows ANYTHING about this kew it would happen, but what will he "cave" in to?

    3 days, it took 3 days for ol mcchinless to "cave".
     
  7. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Make spendthrift congresscritters pay at the polls. Replace big spenders with people who will just say no to raising taxes.
     
  8. Richard-H
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    Richard-H Gold Member

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    Have you ever considered that large federal budgets are just a neccessary reality that goes along with living in the greatest nation that has ever existed?

    Perhaps your assumption that Congress wastes huge amounts of money or that this nation could possibly remain the great nation that it is without taxes, is utterly false.

    Go live in some thrid world shit hole if you don't want to pay taxes!

    Ya get what ya pay for!
     
  9. Baruch Menachem
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    Baruch Menachem '

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    Right now I would be happier if neither side were playing chicken on this. But Obama doing scare tactics and in the position of the boy who called wolf.

    He is also in the position of someone who has a reputation of folding like a cheap umbrella when it comes to the crunch.

    We have been through shutdowns before. Social security checks still went out. The army still fought. The jails still held their inmates and the inmates got fed.

    There will be no calamity. There will be a lot of egg on Obama's face

    It won't be good for the Republican's either. They do have the reputation of taking things to the wall for really stupid stuff. I was looking at someone's list of the targeted tax cuts they refused to consider eliminating. Most of them are really esoteric and the kinds of things that really don't belong in tax policy anyway. They just don't want to break on the issue of raising any tax unless and until they get the real cuts they want.

    anyway, over the next 19 days both sides are going to squirm against their promises. The Democrats bring some real cuts to the table , we might get those really goofy targeted tax breaks cleaned up. Which is good policy anyway.

    But unless and until the Democrats go for real, the Republicans aren't going to be the only adults in the room
     
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  10. Richard-H
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    Richard-H Gold Member

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    Admittedly, the President has a history of caving in.

    But, you wrong if youthink that things will go on as normal if the debt ceiling isn't raised. It's one thing to shut the government down, it's entirely different for the government to default. That has NEVER happened before. It will reek havoc on the world's economy - it amy not be recoverable.

    No the government cannot pay SS or medicare or anything else if the debt ceiling isn't raised.

    The outcome may very well be that the U.S. dollar will no longer be the world's currency reserve.

    Say hello to the Chinese millenia!
     

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