quote:

ORIGINAL: DarkSteven

quote:

ORIGINAL: Owner59

John Boehner: 'The Path We're On' Leads To Default


"House Speaker John Boehner (R-Ohio) said on Sunday that the country was on a path toward default if President Barack Obama continues to refuse to negotiate over raising the debt limit."


Do you read the news?


Sounds to me like the guy holding the gun means business.


But let`s argue that your party`s hostage takers are just bluffing....


Why even go there and put us at risk this way.....to ANY extent?!


Plus I would like it if you republicans would stop conflating the debt sieling fight with the ACA/shutdown fight. It`s dishonest.

Pffft. It's just puffery. Boehner's been heard saying that he won't permit the debt ceiling to not be raised.

It's obvious what would happen. Foreign capital would flee. We'd never be able to meet our obligations unless we hiked taxes sharply (which ain't gonna happen), or we started printing money like mad. Hyperinflation, and those on fixed incomes and those with big savings (i.e., the AARP crowd) would start recall petitions right and left.

I haven't heard anyone mixing the two fights, although I would be willing to bet that 90%+ of the US public doesn't understand the difference.

quote:

ORIGINAL: girl4man

You are just DETERMINED to score points. Okay, you get another point!

Hoorah!

In the meantime, $17 T isn't our debt. It's over $100 T. Congress puts so many things "off budget." If the private sector did it, they'd be in prison. I'd love to be a senator!

The equation has more than money velocity. It's an equation. But hey, you reached your goal, and scored 3 points today. Give the man a prize!

I, too, think the comfort of Americans, ought to be completely beside the point. I love them reproducing at less than their replacement level. Americans are VILE!!!!

quote:

ORIGINAL: JeffBC

quote:

ORIGINAL: papassion
This has nothing to do with a potential shutdown. This is all due to Liberal thinking to give everybody, everything, the hell with the cost!

And yet you ignore the actual reality posted not two posts above yours. After all the rhetoric is done, it is the Democratic party that wants to raise taxes and cut costs and the Republican party which wants to do the opposite.

It's just when I personally want to trim a budget I do not start out with the nickels and dimes. I look at the heavy hitters right up front. And in the US, "heavy hitter" means "military". Conversely, raising taxes on poor people is an idiot's play. If you need more revenue you need to go to the folks who actually have money... that'd be the rich folks.

Is there some part of that very sound fiscal strategy that eludes you? Don't get me wrong, I know and understand the economic war that is being wages against the US. Heck, it's nothing more than we've been doing to other countries for a long time, the only difference being we are on the losing end this time because the Republicans have gutted our economy..

quote:

ORIGINAL: girl4man

You are just DETERMINED to score points. Okay, you get another point!

Hoorah!

In the meantime, $17 T isn't our debt. It's over $100 T. Congress puts so many things "off budget." If the private sector did it, they'd be in prison. I'd love to be a senator!

The equation has more than money velocity. It's an equation. But hey, you reached your goal, and scored 3 points today. Give the man a prize!

I, too, think the comfort of Americans, ought to be completely beside the point. I love them reproducing at less than their replacement level. Americans are VILE!!!!

quote:

ORIGINAL: papassion

As long as the US Dollar is the world currency, we are golden.

quote:

Watch for more nations to dump dollars as the US's economic fissures grow deeper.

quote:

ORIGINAL: girl4man

You're just wrong.

100% wrong.

If we don't raise the debt limit, it just means we don't spend money on everything we wanted to spend it on.

Instead of paying for new construction or maintenance, we forego that, and pay the due debt payments instead.

Households do this all the time. They want a new suit but have no cash. The credit card company won't increase their limit. They also have a credit card bill due on the 1st and instead of buying a new suit, they pay the credit card payment.

The idea that not raising the debt ceiling equates to not paying debt, is an idea which benefits those who want the government to spend more. But it's not accurate.

If you think it's accurate, then simple concepts elude you.

quote:

ORIGINAL: girl4man

And calling a group of Americans "teabaggers." That is so insanely offensive - not to mention, rather inappropriately injects BDSM into a political discussion - that anyone that utters it, reveals how fundamentally they revile America - as she was conceived and carried on for 125 years.

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: JeffBC

quote:

ORIGINAL: papassion
This has nothing to do with a potential shutdown. This is all due to Liberal thinking to give everybody, everything, the hell with the cost!

And yet you ignore the actual reality posted not two posts above yours. After all the rhetoric is done, it is the Democratic party that wants to raise taxes and cut costs and the Republican party which wants to do the opposite.
It's just when I personally want to trim a budget I do not start out with the nickels and dimes. I look at the heavy hitters right up front. And in the US, "heavy hitter" means "military". Conversely, raising taxes on poor people is an idiot's play. If you need more revenue you need to go to the folks who actually have money... that'd be the rich folks.
Is there some part of that very sound fiscal strategy that eludes you? Don't get me wrong, I know and understand the economic war that is being wages against the US. Heck, it's nothing more than we've been doing to other countries for a long time, the only difference being we are on the losing end this time because the Republicans have gutted our economy..

Jeff, they don't want to cut costs. They just want to raise taxes. The R's want to cut costs and not raise taxes. Neither side is willing to truly admit and commit to doing both.

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ORIGINAL: graceadieu


Do you seriously think the federal government can operate on a cash basis? You couldn't run a car dealership on a cash basis, let alone a complex organization that employs 2 million people and has a huge variety of long-term projects, millions of bills, and an irregular cashflow. It would impossible.

quote:

ORIGINAL: graceadieu


The reason they're called that, the reason it's funny, is because they were going on TV talking about "teabagging" the government (by sending them bags of tea as an act of protest). They were going on TV saying that! It was hilarious. If you can't laugh at grown heterosexual men talking about how they want to "teabag" Congress, you need to lighten up a little.

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ORIGINAL: graceadieu

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ORIGINAL: papassion

As long as the US Dollar is the world currency, we are golden.

You got that right. The US dollar is the world standard because we always pay our debts. We never default, even if (like now) we have to borrow more money to pay back what we owe now.

But the moment we fail to raise the debt ceiling, and either 1) default on the debts that are about to come due or 2) shut down most essential functions of the federal government, the world is going to stop viewing us as the stablest country with the stablest currency.

If the GOP drives us off this cliff, we're going to see the world flee the dollar. The value of our currency is going to go through the floor, and people will stop lending to us or greatly raise our interest rates. We'll be forced to dramatically raise taxes and cut whole government programs and go into severe, economy-hobbling austerity measures.

quote:

Watch for more nations to dump dollars as the US's economic fissures grow deeper.

If Boehner doesn't change is tune, this is absolutely what's going to happen.

quote:

ORIGINAL: RacerJim

quote:

ORIGINAL: Owner59

quote:

ORIGINAL: Kirata

quote:

ORIGINAL: Owner59

"House Speaker John Boehner (R-Ohio) said on Sunday that the country was on a path toward default if President Barack Obama continues to refuse to negotiate over raising the debt limit."

Do you read the news?

Do you believe politicians?

K.

I believe your party has the ability and willingness to harm America, to get what THEY want.

"I will not negotiate." -- Barack Hussein Obama
"NO" -- Harry Reid

You are entitled to believe what you want but you are not entitled to your own facts.

quote:

ORIGINAL: papassion

Does anyone think we can just raise the debt limit and everyone will live happily ever after? That just raising the debt limit will somehow skirt the laws of finance, and countries will continue to lend us money, knowing they will never get it back? And if they don't lend us money, we can just print money out of thin air indefinitely with no problems?

As long as the US Dollar is the world currency, we are golden. Countries realize Obama does not live in the real world and are dropping their their US holdings. US Treasury figures show Russia's holdings of American debt fell from 176.3 billion in October 2010 to 125.4 billion in April 2011. China is following the same pattern, NO LONGER BUYING dollars, but favoring the euros instead. Premier Wen Jiaboa visited Germany for the first ever German-Chinese joint cabinet meeting on June 27, where he said he will continue to back purchases of European debt. Beijing knows holding euros is risky, but clearly sees that that holding dollars is FAR RISKIER. Watch for more nations to dump dollars as the US's economic fissures grow deeper. (looks like foreign countries don't look thru our Liberal's rose colored glasses)

In January, Jin Liqun, chairman of the china Investment Corp warned america that America's money printing machine will have to slow down for people to have full confidence in the dollar. If America isn't careful, China could strip the dollar of that coveted status. China isn't alone preparing for the post dollar world. In March, China joined with Brazil. Russia, India and South Africa to create a BRICS bank to make each nation less reliant on the US dollar.

Most Americans have no idea an economic war is being waged, but they soon will. America risks awaking to the sounds of riots, images of frantic bankers and empty store shelves. and to newspaper headlines calling today, "the day the dollar died."

This has nothing to do with a potential shutdown. This is all due to Liberal thinking to give everybody, everything, the hell with the cost!

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ORIGINAL: papassion

quote:

ORIGINAL: mnottertail

Yet the republicans are the purse strings, so.............the cant sort of doesnt make sense.

If you check the figures anyhow, 10 Trillion of our debt is held by the citizenry and institutional holdings. So 2/3rds of it is on our back.

China is scared of teabaggers and their cretinism.

http://www.fas.org/sgp/crs/row/RL34314.pdf

and your other figures are asswipe.

http://www.bloomberg.com/news/2011-08-18/putin-slams-u-s-parasite-after-1-600-jump-in-russia-holdings.html

The husband, (congress) has to pay the bills. The spendthrift wife (Obama administration) runs up the bills.

Yeah, other countries are afraid teabaggers will force the government to live within their means. That makes sense!

quote:

ORIGINAL: girl4man

You're just wrong.

100% wrong.

If we don't raise the debt limit, it just means we don't spend money on everything we wanted to spend it on.

Instead of paying for new construction or maintenance, we forego that, and pay the due debt payments instead.

Households do this all the time. They want a new suit but have no cash. The credit card company won't increase their limit. They also have a credit card bill due on the 1st and instead of buying a new suit, they pay the credit card payment.

The idea that not raising the debt ceiling equates to not paying debt, is an idea which benefits those who want the government to spend more. But it's not accurate.

If you think it's accurate, then simple concepts elude you.

quote:

ORIGINAL: girl4man

Also, it is laughable, that anyone in the United States of America, thinks democrats want to cut expenses.

Sure, they'll gut the military any day of the week, but on the whole, without question, they favor one give-away after another.

Seriously, the amount of delusions the spenders indulge in.... breathtaking!

quote:

ORIGINAL: girl4man

Well, every entity, whether it be an individual, a company, or a government, has to prioritize.

The federal government spends so lavishly, on so many things that the average person isn't familiar with, cutting it would actually cause little that can be described as hardship.

I forget the website with the federal budget on it. But do a net search and find it, and start reading it....

Just some examples that come to mind:

Grants to study habits of prostitutes in China;
$460,000 outhouses in some park out west (with no ppower, but a slate roof)
Obama phones (in this day and age, where cell phone charges have dropped like a rock)
SS disability, wherein certain law firms have a lock on obtaining it (think West Virginia) where the have 100% success in obtaining disability ($300k per claimant for life
20,000 fake refund checks ($46 million) to one home in Atlanta, georgia

I mean, seriously, wake up.

If anyone wanted to save money, there's billions of chances to do so.

Oh-Also, SS checks are prioritized in our society. They wouldn't need to be cut.

How would you do it in your household?

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ORIGINAL: mnottertail

Reagan phones are now Obama phones?


Seriously, wake up.

The WR Grace commission under Reagan and the bipartisan whatever commission under Obama were summarily dismissed and ignored.