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Quietly reaching debt ceiling again......


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#16 Delhommey

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Posted 08 November 2012 - 12:44 PM

Unless we live in bizarro world where the old rules of paying your bills do not apply any longer, there has to be a reckoning. For most of society have do not worry about paying bills, the reckoning will come in the depletion of funds.

All this will cause a big problem. If not, then I would like to know so that I could go out and buy a bunch of crap on credit and never pay for it, you know, before it all goes down.


The Government should always run at a deficit. Granted the debt ratio is too high right now, but the Government should always run at a deficit.

#17 beach

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Posted 08 November 2012 - 12:44 PM

Republicans should just sit back and sign everything the liberals want and let the country go down the path they want it.

Let Darwin work.


ha

The whole situation right now is both sides are unwilling to compromise and in response is they just claim they can't do anything because the others won't do anything. Its a 5th grade stalemate full of actors for corporate interest with only few good ones remaining and on top of it all annoying ass hell when filtered to the masses.

We're at a opportune point for guys on both sides like Hickenlooper, Jeb, Mitch Daniels, Huntsman, Kaine, etc. to get some political momentum, get some balls, and take charge.

Right now we have a parliament instead of a congress afraid of doing anything important that doesn't get them money. The guys in the middle (which has shrunken) need to take control in congress. f*cking Harry Reid, f*cking Cantor...those types are and have been the problem. I mean Dick Lugar getting axed for that Mourdock only to lose is a perfect example of what's going on.

And anytime someone dares to attempt compromise on either side, he/she is pushed aside as a fake and the party he represents laughs them away. Its literrally like elementary level cliques. The media projects the loud ones and the loud that have risen are bunch of ill-guided arrogant as$holes and opportune big idea entertainers that use movements to legitimize themselves or are propped up from the inside.

The moderates have been shoved aside as the one's not on the right page and they need to take the f*cking ball or both parties will be in jeopardy imo

A big problem is local politics across this country and the populations that can't elect the right types. All the emphasis is on one position and their party. Party party party

#18 Proudiddy

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Posted 08 November 2012 - 12:45 PM

Yep. Still Infowars.

So you think there's nothing to it?

Keiser has his own show on RT and has said basically the same thing. RT seems to be very objective in their reporting, or at least take their journalism seriously. Infowars is crap for the most part, but I thought that segment was relevant.

#19 thefuzz

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Posted 08 November 2012 - 01:03 PM

The Government should always run at a deficit. Granted the debt ratio is too high right now, but the Government should always run at a deficit.



Yea....it would really suck to have all of your debts paid, and be able to pay cash for projects instead of borrowing that money.

I can't imagine how bad it would be to not have to pay interest.

Uh, terrible days ahead if we could lower the tax rate on folks across the board, so there is more take home pay and the American public can get ahead.

#20 thatlookseasy

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Posted 08 November 2012 - 03:06 PM

ha

The whole situation right now is both sides are unwilling to compromise and in response is they just claim they can't do anything because the others won't do anything. Its a 5th grade stalemate full of actors for corporate interest with only few good ones remaining and on top of it all annoying ass hell when filtered to the masses.

We're at a opportune point for guys on both sides like Hickenlooper, Jeb, Mitch Daniels, Huntsman, Kaine, etc. to get some political momentum, get some balls, and take charge.

Right now we have a parliament instead of a congress afraid of doing anything important that doesn't get them money. The guys in the middle (which has shrunken) need to take control in congress. f*cking Harry Reid, f*cking Cantor...those types are and have been the problem. I mean Dick Lugar getting axed for that Mourdock only to lose is a perfect example of what's going on.

And anytime someone dares to attempt compromise on either side, he/she is pushed aside as a fake and the party he represents laughs them away. Its literrally like elementary level cliques. The media projects the loud ones and the loud that have risen are bunch of ill-guided arrogant as$holes and opportune big idea entertainers that use movements to legitimize themselves or are propped up from the inside.

The moderates have been shoved aside as the one's not on the right page and they need to take the f*cking ball or both parties will be in jeopardy imo

A big problem is local politics across this country and the populations that can't elect the right types. All the emphasis is on one position and their party. Party party party


Completely agree. Totally new leadership on both sides of the aisle would be the best thing to happen to congress in a long time

#21 thatlookseasy

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Posted 08 November 2012 - 03:09 PM

The Government should always run at a deficit. Granted the debt ratio is too high right now, but the Government should always run at a deficit.


What? I'm not following- big picture I would say the government should run a deficit during recession but that only works if you pay it back during the better years

#22 pstall

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Posted 08 November 2012 - 03:16 PM

He who prints money never has to pay it back.

Book of Pstall. Ch 3 v 10

#23 Delhommey

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Posted 08 November 2012 - 03:23 PM

What? I'm not following- big picture I would say the government should run a deficit during recession but that only works if you pay it back during the better years


If the government is running at a surplus that means they are actually taking capital out of circulation, which is not really a good thing.

You could run a surplus to pay down our debt, but as about 80% of our debt is held by Americans, paying down the debt is basically redistributing wealth from taxpayers to bond holders anyway.

#24 thefuzz

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Posted 08 November 2012 - 03:37 PM

If the government is running at a surplus that means they are actually taking capital out of circulation, which is not really a good thing.

You could run a surplus to pay down our debt, but as about 80% of our debt is held by Americans, paying down the debt is basically redistributing wealth from taxpayers to bond holders anyway.



Bond holders....you mean people who loan the government money expecting it to be paid back?


Running any type of debt is foolish if you can avoid it, family, business, government.

It's not taking money out of the economy if it's not taken. Lower the tax rates.

#25 stirs

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Posted 08 November 2012 - 03:42 PM

Bond holders....you mean people who loan the government money expecting it to be paid back?


Running any type of debt is foolish if you can avoid it, family, business, government.

It's not taking money out of the economy if it's not taken. Lower the tax rates.


You are the devil for that last statement. To a liberal, it is like cutting off your fingers

#26 thefuzz

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Posted 08 November 2012 - 03:43 PM

How would this affect the average citizen? How would debt be affected (credit, student loans, etc.)... This may be a question best for Jase or pstall...



As we continue to borrow money our credit rating will continue to be dropped as we are more and more likely to not be able to pay it back.

As the rating is dropped, money becomes more expensive to borrow, meaning we are paying more interest on our loans.

When we pay more interest on our loans we either have to cut programs, or raise taxes to cover the difference, all the while not tackling the original principle.

Honestly, I am nervous about it.

#27 Delhommey

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Posted 08 November 2012 - 03:45 PM

You are the devil for that last statement. To a liberal, it is like cutting off your fingers


http://www.angrybear...ional-debt.html

Those darn facts...

#28 Delhommey

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Posted 08 November 2012 - 03:52 PM

Here's a nice little article about how Clinton's budget surplus helped cause the recession:

http://www.businessi...-economy-2012-9

Yep. That'll blow some minds.

#29 FurdTurgason

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Posted 08 November 2012 - 04:00 PM

Clinton's surplus. LOLOL. How was Clinton doing before the elections of 1994? His own party was talking about replacing him.

#30 Delhommey

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Posted 08 November 2012 - 04:01 PM

HAHAHAHHA FACTS YOU ARE SO FUNNY


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