Debt ceiling again....

#2
#2
The Obama administration will formally ask Congress later this week to raise the nation’s debt ceiling by $1.2 trillion, a Treasury Department official tells CNN.


It just never ends.
 
#4
#4
myrobbins7 said:
The Obama administration will formally ask Congress later this week to raise the nation’s debt ceiling by $1.2 trillion, a Treasury Department official tells CNN.


It just never ends.
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And if the Congress caves, what does that say?

I swear, one day, you people will realize that both parties are going to bleed the middle class dry.
 
#5
#5
Both parties have been a joke concerning the debt.
Since1981 the debt ceiling has been raised 18 times under Ronald Reagan, 9 times under George H W Bush, 8 times under Bill Clinton and 7 times under George W. Bush.
Both parties spend, spend,spend and then spend some more. Raising the debt limit has been common practice in DC.
 
#6
#6
Rasputin_Vol said:
And if the Congress caves, what does that say?

I swear, one day, you people will realize that both parties are going to bleed the middle class dry.
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Thank you R V, I'm tired of saying it so I will let you take care of it for a while. Let me know when you get tired and I will pick up the slack.
 
#7
#7
Increase another 1.2 trillion this year and the idiots can't even cut 1.2 trillion off the next 10 years.

How can people be so incompetent?
 
#8
#8
Gramps said:
Both parties have been a joke concerning the debt.
Since1981 the debt ceiling has been raised 18 times under Ronald Reagan, 9 times under George H W Bush, 8 times under Bill Clinton and 7 times under George W. Bush.
Both parties spend, spend,spend and then spend some more. Raising the debt limit has been common practice in DC.
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Yes, that is true. However, we have never faced the kind of debt as a nation that we are facing right now.

One would think they would cut some spending along the way, all they know is spend, spend, spend, print, print, print.
If we lose world reserve currency status, you just think you are paying a lot at the market and the pump, you ain't seen nothing yet.

U.S. National Debt Clock : Real Time
 
#9
#9
Rasputin_Vol said:
And if the Congress caves, what does that say?

I swear, one day, you people will realize that both parties are going to bleed the middle class dry.
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Agree.
Thing is, its not if the congress will cave, its when.

They will put on a big show and fight like crazy on our TV. All the while, they know exactly what they are going to do. Bleed us dry.
The average American could really care less, as long as is does not come knocking on their door.

It's a recession when your neighbour loses his job, it's a depression when you lose yours.
 
#10
#10
TheDeeble said:
Increase another 1.2 trillion this year and the idiots can't even cut 1.2 trillion off the next 10 years.

How can people be so incompetent?
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They are not incompetent, they just really don't give a damn. Big difference.
 
#11
#11
DEFENDTHISHOUSE said:
Agree.
Thing is, its not if the congress will cave, its when.

They will put on a big show and fight like crazy on our TV. All the while, they know exactly what they are going to do. Bleed us dry.
The average American could really care less, as long as is does not come knocking on their door.

It's a recession when your neighbour loses his job, it's a depression when you lose yours.
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Very true. Nobody gives a damn about politics or economics (either nationally or globally) until the ramifications causes sh*t to go awry in their own personal lives. Then, once it does, they bare no responsibility for not educating themselves and being proactive beforehand.
 
#12
#12
The problem with the live in a bubble theory is eventually it will come knocking on your door. Most people don't really care until it does, by then it will be too late.

The government and this administration is spending at a rate it can't sustain. You would almost think it is a plan to totally crash the US dollar. Hope and change indeed.
 
#13
#13
Rasputin_Vol said:
And if the Congress caves, what does that say?

I swear, one day, you people will realize that both parties are going to bleed the middle class dry.
Click to expand...

I couldn't agree more Rasp. I have been saying that for awhile now. It isnt if it's when the congress caves, sadly. Like I said, it just never ends.
 
#14
#14
I wonder when people will realize that the biggest threat and problem in today's United States is its government? Both parties should be done away with. Put some people in there that don't wipe their butts with hundred dollar bills and get something done that makes sense up there.
 
#15
#15
I'm not sure Congress can cave - I have a feeling (need to verify) that some of this was already agreed to in the earlier fight but the increases occur in steps with each requiring a formal request. I could be making that up too. :)

EDIT: I was kinda right

The latest request is the third of three requests authorized by the contentious debt ceiling agreement reached last August and is expected to come on December 30 – the day the debt is projected to fall within $100 billion of the current $15.194 trillion ceiling. The new request asks the ceiling be raised to $16.39 trillion.

According to the terms of the debt ceiling agreement, Congress has 15 days to pass a joint resolution disapproving of an increase which President Obama is authorized to veto.
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#16
#16
Obama pledges to halve budget deficit by 2013 | Reuters

Mon Feb 23, 2009 6:42pm EST

(Reuters) - President Barack Obama pledged on Monday to cut the ballooning U.S. budget deficit by half in the next four years and said the country would face another economic crisis if it did not address its debt problems soon.

Obama, whose month-old administration has pushed through a $787 billion economic stimulus package to try to jolt the country out of recession, said the need for massive spending now did not mean U.S. budget problems could wait until later.

"If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road," Obama told participants at the opening of a White House summit on "fiscal responsibility."
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"We cannot and will not sustain deficits like these without end," he said. "Today I'm pledging to cut the deficit we inherited by half by the end of my first term in office."
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Is this Obama's "Read My Lips"?
 
#19
#19
Archived-Articles: The Dialectic of Obama

For our bewildered friends on the left, an explanation is necessary, one couched in terms from the progressive framework -- dialectical analysis, the means that Hegel created and Karl Marx adopted for understanding history. Dialectics constitutes the Marxian foundation on which modern progressive strategy is built.


Barack Obama himself is almost certainly familiar with the Marxist analytical framework for understanding what moves history. He was mentored by Frank Marshall Davis, a Communist Party member. The typical white grandparents who raised him moved in communist circles after leaving Kansas for Mercer Island, WA and Honolulu. I doubt very much if Davis ever got very specific with young Barry on the complexities of dialectical materialism, the formal basis for communist theory. And because the president's college transcripts are a closely guarded secret, we cannot know if he took any courses on Marxist theory while at Occidental College and Columbia University. But he surely understands its basics.

The Marxist theory of history teaches that it moves forward through a dialectical process, powered by conflict. Thesis -- an action or idea -- generates a reaction, its antithesis, which results in contradictions and conflict. The wise dialectical thinker understands that by heightening contradictions (or not letting a crisis go to waste, in the immortal words of Rahm Emanuel), the final outcome -- the synthesis -- can be shaped in radical directions. Among those who took this lesson was Saul Alinsky, for example, who wanted to "rub raw the resentments of the people" in order to hasten revolution through peaceful means, inspiring young Barack Obama to become a community organizer.


The dialectical game plan of the Obama presidency was obvious: use the ongoing financial crisis sparked by subprime mortgage lending to generate momentum for fundamental restructuring of the economy. Blame Bush and big business for the problems, and use resentment arising from real economic suffering to push for game-changers like ObamaCare and Cap and Trade, putting government in charge of the commanding heights of the economy. Once private enterprise was so constrained and limited, further systemic changes would be child's play. With everyone dependent on government approval for health care, carbon emissions, college loans, and jobs, no countervailing forces would be strong enough to limit the power of the statists. No longer would the power of capitalism dictate the terms under which Americans live.


But problems with this model of change arose quickly. It turned out that Americans' modal impulse in times of trouble is not to seek a government solution, because they are skeptical of the effectiveness of such bureaucracies. A segment of the public, of course, is happy to have government provide for their needs, but it is neither large enough nor motivated enough to become a revolutionary vanguard. Although purple-shirted SEIU thugs managed to bite a finger off here and demonstrate at an executive's house there, and New Black Panthers wielded nightsticks at polling places, the efforts failed to ignite a popular uprising and even generated a backlash, despite the efforts of progressive media allies to suppress information about them.
--------------------------------

But the coup de grâce, the one thing nobody on the left had counted on, was that flawed document, the United States Constitution. Tea Partiers began reading the Tenth Amendment and asking awkward questions about the power the central state was arrogating. No matter how many times you call people "fringe," "wingnuts," or "dangerous radicals," it is difficult to make the nasty labels stick when all that is being asked for is adherence to the Constitution.
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#22
#22
1) I was implying that those in Congress truly do not want to fix our current problems for various reasons.

2) You work in government on a state level...wouldn't you be calling yourself incompetent? :crazy:
 
#23
#23
PKT_VOL said:
1) I was implying that those in Congress truly do not want to fix our current problems for various reasons.

2) You work in government on a state level...wouldn't you be calling yourself incompetent? :crazy:
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1. govt equals failure check

2. of course the dept is

really gonna have to step up your game on personal attacks
 
#24
#24
OrangeEmpire said:
1. govt equals failure check

2. of course the dept is

really gonna have to step up your game on personal attacks
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Ha. That wasn't even close to a personal attack. Just pointed out that you insulted your profession. Nothing personal at all.
 
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