The madness that is Republican

[Stephanie]

LOL, the RUDE awakening happened back in November. And the Republicans are doing EXACTLY what they were elected by the people to do, STOP this outrageous spending spree by the Obama. As we see, that sure is chapping a lot of asses.

hopefully that rude awakening will continue in 2012

 

[Dot Com]

We'll see stpehie I was under the impression that Representatives were sent to Washington to do things NOT sign pledges & cast Show-votes.

 

[Valerie]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

Unsustainable Valerie.. Ponder that.

It's one thing to say we can't sustain this cash flow... We can't sustain this unbalanced budget... Agreed. But the politicians are literally holding our future hostage as leverage in order to negotiate the budget. As a matter of practicality, if you really want what's best for the American people right now, to not raise the limit is like foolishly throwing the baby out cuz of the unsustainable dirty bathwater!

Bernanke: Debt ceiling breach 'calamitous'

If lawmakers don't raise the federal government's legal borrowing limit by Aug. 2, Treasury has said that it won't be able to pay all the country's bills in full.

"A failure by politicians to reverse course would be very harmful to an already fragile U.S. economy," El-Erian said. "The potential consequences could well extend beyond the debt ceiling debate."

Debt ceiling splitsville: Now what? - Jul. 23, 2011

 

[Dont Taz Me Bro]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

No Valerie, these are not things that WILL happen; they are things that COULD happen, but not will. If the debt ceiling doesn't get raised we don't run out of money; we simply have to live on what we're actually taking in and that is enough to pay the military, make SS payments, and service the debt.

 

[saveliberty]

Madness is thinking you can keep writing checks with no consequences.

 

[Valerie]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

No Valerie, these are not things that WILL happen; they are things that COULD happen, but not will. If the debt ceiling doesn't get raised we don't run out of money; we simply have to live on what we're actually taking in and that is enough to pay the military, make SS payments, and service the debt.

I know you're just trying to be contrary but you might notice that analysis is not mine but someone who knows a hell of a lot more than either of us... Try reading for comprehension next time.

 

[Leweman]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

No Valerie, these are not things that WILL happen; they are things that COULD happen, but not will. If the debt ceiling doesn't get raised we don't run out of money; we simply have to live on what we're actually taking in and that is enough to pay the military, make SS payments, and service the debt.

but but but ... how will politicians use other peoples money to buy votes now?

 

[saveliberty]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

No Valerie, these are not things that WILL happen; they are things that COULD happen, but not will. If the debt ceiling doesn't get raised we don't run out of money; we simply have to live on what we're actually taking in and that is enough to pay the military, make SS payments, and service the debt.

I know you're just trying to be contrary but you might notice that analysis is not mine but someone who knows a hell of a lot more than either of us... Try reading for comprehension next time.

A more likely scenario is the dollar is devalued and American goods become more attractive to the world. Increasing employment. With the new jobs Americans are able to repay debts and support a tax increase. The tax increase reduces debt, if restriction have been put in place.

 

[chanel]

Madness is thinking you can keep writing checks with no consequences.

"The definition of insanity is doing the same thing over and over and expecting different results."

 

[blastoff]

Who was it who called raising the debt ceiling a 'sign of failed leadership'?

Oh yea, that was a Democrat.

Actually, it was the current President. So, please explain how it was a 'sign of failed leadership' then, but not now?

And.... just because we've been really stupid previously does not mean we should continue to be stupid.

Bravo!...very Gumpian.

 

[Zoom-boing]

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

And many on the left want to just continue with the status quo. How's that working out? The government needs to live within its means. I can't figure why so many people are opposed to this.

 

[theHawk]

Who was it who called raising the debt ceiling a 'sign of failed leadership'?

Oh yea, that was a Democrat.

Actually, it was the current President. So, please explain how it was a 'sign of failed leadership' then, but not now?

And.... just because we've been really stupid previously does not mean we should continue to be stupid.

Because cutting taxes while running two wars off the books IS a sign of failed leadership.

Inheriting a trillion dollar deficit and a crumbling economy in the wake of a disastrous Presidency just aint the same, toots.

Then take it up with the Hussein, Reid, and Pelosi. They didn't need one Republican vote to raise taxes.

 

[theHawk]

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

And many on the left want to just continue with the status quo. How's that working out? The government needs to live within its means. I can't figure why so many people are opposed to this.

Because removing people off of government dependance is sacrilege to liberals.

 

[saveliberty]

Dear Mr. President,

I see you have become increasingly frustrated this last week. Perhaps it is because the issues of gowing government, unrestrained spending and the redistribution of wealth strike at the heart of the debate in this country. Since this has been the track followed for several adminstrations unsuccessfully, you may wish to take a new direction, promote change and create real hope. Listen to the Republicans. The logic of living within your means is awesome.

 

[rdean]

You can't compare the current Republican Party to sane people. Eisenhower would cry like a baby Boehner at what's become of his Republican Party. Tax rates were 90% for the wealthiest people and what did they do? They worked harder. The economy was good. America was the world leader. The middle class was strong. Republicans were known at the "Party of Ideas".

Now, they only have two failed ideas. They same two ideas they use over and over again. It's why they fail over and over again. They insist both their ideas will create jobs. How long has it been since their first idea was passed through reconciliation? Where are the "Jobs, jobs, jobs"? Or was it all a terrible "Lie Lie Lie"?

Hmmmm,

Yes, yes, yes!

 

[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.

 

[Trajan]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

Valerie...you realize that that 4 Billion a day is almost exactly what we borrow ...everyday......every single day.

with the crash, the carousel of just upping the limits MINUS long term reduction has got to stop.

they spent 7 weeks arguing over a measly 38.5 billion dollars......so, this was inevitable really.

 

[uscitizen]

Madness is thinking you can keep writing checks with no consequences.

"The definition of insanity is doing the same thing over and over and expecting different results."

Yeah like cutting taxes ie revenue and spending like a drunken sailor.
All the while finiancing a war or three.

 

[Ravi]

5 Consequences If America Doesn’t Raise the Debt Ceiling

Today's Daily Ticker guest David Walker -- the former Comptroller General of the United States and head of the Government Accountability Office -- says it's imperative both sides of the aisle find a compromise that also sets conditions to lower our long-term debt and get us back on track. If they don't, the rest of us will pay.

Here's what he says will happen if the federal government can't reach a deal:

1. $4 billion-plus a day will come out of the economy.

2. Government and civilian military workers will be laid off temporarily. That will result in penalties for late payment, to be paid by taxpayers.

3. Social security payments will be delayed.

4. No one knows how bad the reaction will be, but Walker is confident it will be negative for the stock and bond markets and the economy.

5. Interest rates will rise. For every 1% rise in interest rates, taxpayers will be on the hook for an additional $150 billion in debt payments.


5 Consequences If America Doesn

Unsustainable Valerie.. Ponder that.

It's one thing to say we can't sustain this cash flow... We can't sustain this unbalanced budget... Agreed. But the politicians are literally holding our future hostage as leverage in order to negotiate the budget. As a matter of practicality, if you really want what's best for the American people right now, to not raise the limit is like foolishly throwing the baby out cuz of the unsustainable dirty bathwater!

Bernanke: Debt ceiling breach 'calamitous'

If lawmakers don't raise the federal government's legal borrowing limit by Aug. 2, Treasury has said that it won't be able to pay all the country's bills in full.

"A failure by politicians to reverse course would be very harmful to an already fragile U.S. economy," El-Erian said. "The potential consequences could well extend beyond the debt ceiling debate."

Debt ceiling splitsville: Now what? - Jul. 23, 2011

I think that's a fair assessment. I also think if nothing is agreed upon then Obama will have no choice but to act. You can't just sit back and watch the country go into default.

 

[Truthmatters]

The insane part is they are weilding the threat like an axe and then saying the threat of default wont harm the country.

They cant have it both ways yet thier insane tea party base accepts both ideas