Jump to content





Photo
- - - - -

Quietly reaching debt ceiling again......


This topic has been archived. This means that you cannot reply to this topic.
46 replies to this topic

#25 stirs

stirs

    I Reckon So

  • Joined: 01-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 13,002
  • Reputation: 2,371
HUDDLER

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

thefuzz

    coppin a feel

  • Joined: 12-December 08
  • posts: 9,343
  • Reputation: 1,517
SUPPORTER

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

Delhommey

    Moderator

  • Joined: 24-November 08
  • posts: 12,795
  • Reputation: 2,493
Moderators

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

Delhommey

    Moderator

  • Joined: 24-November 08
  • posts: 12,795
  • Reputation: 2,493
Moderators

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

FurdTurgason

    MEMBER

  • Joined: 16-May 12
  • PipPipPipPip
  • posts: 954
  • Reputation: 79
HUDDLER

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

Delhommey

    Moderator

  • Joined: 24-November 08
  • posts: 12,795
  • Reputation: 2,493
Moderators

Posted 08 November 2012 - 04:01 PM

HAHAHAHHA FACTS YOU ARE SO FUNNY

#31 FurdTurgason

FurdTurgason

    MEMBER

  • Joined: 16-May 12
  • PipPipPipPip
  • posts: 954
  • Reputation: 79
HUDDLER

Posted 08 November 2012 - 04:55 PM

You smoke a LOT of dope, don't you?

#32 Delhommey

Delhommey

    Moderator

  • Joined: 24-November 08
  • posts: 12,795
  • Reputation: 2,493
Moderators

Posted 08 November 2012 - 05:02 PM

No. I just understand economics.

#33 FurdTurgason

FurdTurgason

    MEMBER

  • Joined: 16-May 12
  • PipPipPipPip
  • posts: 954
  • Reputation: 79
HUDDLER

Posted 08 November 2012 - 05:04 PM

No. I just understand economics.


I can tell. But I'm talking about your inability to get along with others. You should get a dog.

#34 Delhommey

Delhommey

    Moderator

  • Joined: 24-November 08
  • posts: 12,795
  • Reputation: 2,493
Moderators

Posted 08 November 2012 - 05:11 PM

Thank you for your backhanded concession of victory.

#35 FurdTurgason

FurdTurgason

    MEMBER

  • Joined: 16-May 12
  • PipPipPipPip
  • posts: 954
  • Reputation: 79
HUDDLER

Posted 08 November 2012 - 05:20 PM

You're welcome. Now go get that dog.

#36 Kevin Greene

Kevin Greene

    Blazing Trails Thru the NFC South

  • Joined: 24-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 19,254
  • Reputation: 4,526
HUDDLER

Posted 08 November 2012 - 05:49 PM

Doesn't take long to ruin an economy. California is only 12 short years removed from Pete Wilson. Under Wilson's policies Ca flourished to the point they didn't know what to do with all the money and taxpayers were issued refunds.
Enter Davis, only the 2nd governor ever recalled in US history. His policies left CA billions in debt. The Schhwartz tried but could get nothing done under Dem controlled houses. Sound familiar? Now Moon Child actually got elected again, decades later.
Plenty more taxes added to CA taxpayers burden Tuesday just trying to keep schools going. Hang tight, it's coming to a state near you. We'll all get the Fed increase.