Why is Reducuing the Deficit Good but Not Increasing the Debt Bad?

Discussion in 'Politics' started by jwoodie, Jan 19, 2013.

  1. jwoodie
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    jwoodie Gold Member Supporting Member

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    In a rational world, you couldn't have it both ways. However, in the Land of Obama, there is no contradiction. The Democrats refuse to cut spending and yet are able to blame Republicans for "not paying their debts."

    How can this be? The reason is because we have a thoroughly corrupt national press that has abandoned even the pretense of being a public watchdog. Instead, it acts as a cheerleader for the Democrats in general and this Administration in particular, actively promoting such invented slogans as "avoiding the fiscal cliff" and concealing any information which might prove embarrassing to the ruling party.

    Freedom of the Press used to be a hallowed bulwark against government excess and malfeasance. Today it is a joke. Within this abdication of responsibility lay the seeds of destruction: It is not too hard to imagine a time when the press will either become an official propaganda arm of the government or be completely shut out of access to information about government policies.
     
  2. kyzr
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    kyzr Gold Member

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    The part that gets me is that BO voted against raising the debt as a senator, and gave a principled rationale' why we should not raise the debt ceiling. Now he flip-flopped and the press is giving him a pass.

    I like the Gephart Law that says when you pass the spending you agree to pay for it. I also agree with the GOP in that we have a major spending problem, and need to cut spending. If sequestration is the answer, that's fine. I also like the GOP Law that says "no Budget = no pay".
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Yo Obama, dat ain't the kinda 'change' we thought ya meant...
    :eek:
    Fed’s Holdings of U.S. Gov't Debt Hit Record $1,696,691,000,000; Up 257% Under Obama
    January 24, 2013 - In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.
     
  4. NYcarbineer
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    NYcarbineer Diamond Member

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    Because reducing the deficit does not prevent us from exceeding the debt limit.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "What do he know, dem politicians gonna spend dat money as dey damn well please an' dey ain't gonna lissen to him - Congress has run amok...
    :eek:
    Bernanke: Government Must 'Eventually' Decrease Debt-to-GDP Ratio
    February 26, 2013 – Federal Reserve Chairman Ben Bernanke said to keep the economy growing, the federal government must first stabilize the size of its debt relative to GDP and then, eventually, begin to reduce the size of the debt relative to GDP.
    See also:

    Bernanke: Fed Has No Target, Goal for When Quantitative Easing Might End
    February 26, 2013 – Federal Reserve Chairman Ben Bernanke said that the central bank does not have a specific target for when it might end its $85 billion-per-month program of quantitative easing, saying only that the Fed will continue to monitor the economy for signs of improvement.

     
  6. KissMy
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    KissMy Free Breast Exam

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    Republicans Exploded Government Spending.
    [​IMG]
     

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