The Tea Party Says Nothing Will Happen If We Default

[Vandalshandle]

There is some truth to what the tea party is saying. If you live in a single wiide, and have a job holding a "slow" sign in the street at a construction site, don't have a savings account, and your wife gave you Palin's latest book for Christmas, and you make sure that you meet your cable payments because you are afraid you might miss Hannity and Fox News, as well as Duck Dynasty, then you really don't have anything to lose if everything shuts down.

 

[Lonestar_logic]

We have about 3.2 trillion in legal obligations. If We the People fail to pay ALL of our obligations we go into default.

Bullshit.

How about providing a source.

You libs are all the same. you throw out bullshit numbers without anything to support it.

That's you, actually, and Redfish. Give us some numbers we can work with, please.

I did you retarded fuck. Keep up with the discussion or stay out of it.

 

[Lonestar_logic]

So given that you could not refute anything in the provided links and have resorted to name calling vulgarities instead I will take that as you tacitly conceding this point. Have a nice day.

Hey idiot what you showed was a total budget cost. And your claim was we HAD to have over 3 trillion just to meet our obligations. Tell me, did you keep a straight face while posting that bullshit?

You are actually posting the above with a straight face?

Well, of course, you are.

Go suck Obama's dick!!

 

[IlarMeilyr]

The Tea Party Says Nothing Will Happen If We Default

That's because they can all see Russia from Sarah Palin's house.

Fruitbats like KarlaDuuh seem to think that Palin said that. They can't distinguish between the partisan hack comic musings of SNL regulars and actual human beings whom they are parodying.

The lolberal fruitbats cannot distinguish between comic parody and reality.

And then, they think they are being smaht and clevuh when they repeat the comic.

 

[Faun]

Were things so bad in 2008 that we couldn't return that level of federal spending?

Well except for being in the middle of one of the worst recessions in our nation's history ... the collapse of our housing markets ... the destruction of our credit markets ... the near death of our economy ... on the way to 11 million people falling to under/unemployment ... on the way to a crashing stock market, losing some 60% valuation ... losing almost 5% of GDP ... Sarah Palin not becoming VP ................

.............. it was a great year!

And you think more federal spending would have fixed that?

God you're dumb.

You're a prime example for why Conservatives shouldn't be allowed anywhere near our economy -- you're too stupid to understand that it was thanks to increased spending that our economy didn't completely flatline. The additional spending was the only thing keeping our head above water until the private sector got back on its feet.

 

[Derideo_Te]

Maybe it's time we live within our means?

Interesting fact: We'll collect about the same amount of revenue this year that was required to fund all government operation in 2008...with NO deficit spending!

Were things so bad in 2008 that we couldn't return that level of federal spending?

Yup, raise taxes to cover corporate welfare and defense spending and the rest will be easy.

And you think that will INCREASE revenues to government coffers?

Do you think that everyone will just refuse to pay the taxes they owe?

 

[eflatminor]

Well except for being in the middle of one of the worst recessions in our nation's history ... the collapse of our housing markets ... the destruction of our credit markets ... the near death of our economy ... on the way to 11 million people falling to under/unemployment ... on the way to a crashing stock market, losing some 60% valuation ... losing almost 5% of GDP ... Sarah Palin not becoming VP ................

.............. it was a great year!

And you think more federal spending would have fixed that?

God you're dumb.

You're a prime example for why Conservatives shouldn't be allowed anywhere near our economy -- you're too stupid to understand that it was thanks to increased spending that our economy didn't completely flatline. The additional spending was the only thing keeping our head above water until the private sector got back on its feet.

Ah! The "because I say so" retort. Yea, pass.

If we are to let logic and reason have its moment, any rational person would question how forcibly taking money from businesses and our most productive citizens to be run through corrupt and inefficient bureaucracies would be good for the economy. Central planners and nanny state suck ups, I understand, would prefer not to consider such realities. After all, it's the intention that really counts!

 

[eflatminor]

Yup, raise taxes to cover corporate welfare and defense spending and the rest will be easy.

And you think that will INCREASE revenues to government coffers?

Do you think that everyone will just refuse to pay the taxes they owe?

Wow, are you really that thick? Do you not understand that the more taxes are raised, the less investments are made...and that can result in less economic activity and result in lower revenues to the government?

Apparently, you do not.

How sad.

 

[Derideo_Te]

And you think that will INCREASE revenues to government coffers?

Do you think that everyone will just refuse to pay the taxes they owe?

Wow, are you really that thick? Do you not understand that the more taxes are raised, the less investments are made...and that can result in less economic activity and result in lower revenues to the government?

Apparently, you do not.

How sad.

Too bad you cannot substantiate any of your allegations with credible facts.

The reality is that when taxes were high the wealthy made more investments in order to increase their income. When they were just handed that same income on a plate by the Republican tax cuts they didn't need to take the same investment risks.

The facts speak for themselves. When taxes were higher during the last decade of the prior century the economy was booming with investments. Contrast that to the anemic economy in this century as soon as taxes were lowered.

The wealthy have no incentive to invest and create jobs when taxes are low.

 

[eflatminor]

The reality is that when taxes were high the wealthy made more investments in order to increase their income.

The wealthy have no incentive to invest and create jobs when taxes are low.

Wow, just wow.

Words cannot describe how ignorant you sound.

Good luck with all of that...

 

[KissMy]

Today the Chinese credit-rating agency Dagong Global Credit cut its rating of the U.S. by one notch to A-minus from A. The agency said that the agreement in Washington between Democrats and Republicans to reopen the government and come to a temporary debt deal does not defuse worries in the long term. When the news broke, gold prices spiked about $40 higher.

 

[Derideo_Te]

The reality is that when taxes were high the wealthy made more investments in order to increase their income.

The wealthy have no incentive to invest and create jobs when taxes are low.

Wow, just wow.

Words cannot describe how ignorant you sound.

Good luck with all of that...

Ironic given your complete and utter inability to provide a coherent response!

 

[eflatminor]

The reality is that when taxes were high the wealthy made more investments in order to increase their income.

The wealthy have no incentive to invest and create jobs when taxes are low.

Wow, just wow.

Words cannot describe how ignorant you sound.

Good luck with all of that...

Ironic given your complete and utter inability to provide a coherent response!

You have capital to invest. You can choose an environment with high taxation or one with lower taxation. Which does any rational person choose???

If high taxes are an incentive to invest, why are companies and capital fleeing high tax states like California for lower taxed ones? Hmm???

By your "logic" a business is MORE likely to invest in expansion when taxes are higher...even though they're assured a lower return compared to a low tax environment. Think how ridiculous that sounds. My God man, how about a modicum of logic and reason!

 

[Faun]

And you think that will INCREASE revenues to government coffers?

Do you think that everyone will just refuse to pay the taxes they owe?

Wow, are you really that thick? Do you not understand that the more taxes are raised, the less investments are made...and that can result in less economic activity and result in lower revenues to the government?

Apparently, you do not.

How sad.

Too bad for your diatribe, you can only point to one time in U.S. history when taxes were increased and revenue fell. And that was due to the Great Depression and not the tax hike.

 

[whitehall]

For your own mental health, radical libs should stop relying on left wing web sites for information. The Tea Party ain't your enemy regardless of what Huffington says. Most conservatives who belong to the Tea party agree that the Country will not default if the debit ceiling is not raised regardless of what Hussein says.

 

[Derideo_Te]

Wow, just wow.

Words cannot describe how ignorant you sound.

Good luck with all of that...

Ironic given your complete and utter inability to provide a coherent response!

You have capital to invest. You can choose an environment with high taxation or one with lower taxation. Which does any rational person choose???

If high taxes are an incentive to invest, why are companies and capital fleeing high tax states like California for lower taxed ones? Hmm???

By your "logic" a business is MORE likely to invest in expansion when taxes are higher...even though they're assured a lower return compared to a low tax environment. Think how ridiculous that sounds. My God man, how about a modicum of logic and reason!

Real investors look at ROI. Obviously you don't know much about them or you wouldn't be trying to conflate corporations looking for lower overheads with investors looking for new opportunities.

 

[Derideo_Te]

For your own mental health, radical libs should stop relying on left wing web sites for information. The Tea Party ain't your enemy regardless of what Huffington says. Most conservatives who belong to the Tea party agree that the Country will not default if the debit ceiling is not raised regardless of what Hussein says.

Right wing websites are notorious for disinformation.