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This Whole Debt Limit Thing

Who has been the most unreasonable on this whole debt limit thing?

  • Congressional Democrats

    Votes: 11 6.2%

  • Congressional Republicans

    Votes: 139 78.1%

  • Obama

    Votes: 10 5.6%

  • They have all been equally unreasonable.

    Votes: 18 10.1%
  • Total voters
    178
  • Poll closed .

Cain

Straussian
Cain
Joined
May 31, 2002
Messages
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Location
Los Angeles
My understanding is that a lot of people have no idea what exactly would happen if the debt ceiling is not raised. Read an article a week ago saying that computers make something like 3 million (or billion) payments each day, and you couldn't stop them if you tried. The elite consensus seems to be that the result would be disaster.

I know the media TOTALLY has a left-wing communist bias, which makes leaves me wondering how the Republicans are getting away with their antics? Today Obama attempted to move the issue along by warning seniors and military that their checks might not arrive. (Threaten the most influential and respected groups in the country, I can't really blame him).

It's just ridiculous that Republicans are playing chicken with our country. This is just opportunism, not principle. They've been negotiating like the worst soon-to-be-ex on the planet. Cantor has said that even discussing raising the debt-ceiling is compromise enough. They will not match four trillion in spending cuts with one trillion in taxes. No taxes. Taxes are sacred. Especially on the rich, who have really been hurting for the last few years, unlike all those lucky-duckies on unemployment.

Here's McConnell's latest face-saving strategy:

Senate Republican Mitch McConnell is getting tricky in his debt ceiling strategy. Tuesday afternoon, McConnell proposed a three-stage plan to raise the debt ceiling in the event that President Obama and Congress don't reach an agreement on spending cuts by the August 2 deadline, according to Bloomberg. Referred to as a "last choice option," the plan would permit respective increases of $700 billion, $900 billion and another $900 billion with the approval of one third of Congress, or in other words let Democrats vote for additional borrowing.
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http://news.yahoo.com/mcconnells-escape-hatch-let-democrats-raise-debt-limit-192723762.html
 
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At this point, however, a clean raise of the limit may not be enough. The markets want to see real, long term solutions, not just the "let's get the ***" game that McConnell seems to be playing.
 
Agent Orange and that punk Ryan figure that they have just found a way to circumvent the will of the people and are not going to listen to anybody until they transfigure American politics after their own image.

Their wine supplies should be cut off until there is a deal on the debt cieling. If there is pain to be shared, they need to share a lot of it themselves.
 
McConnell is showing some signs of brai activity. He has conceded that it is not likely that they are gowing to be able to ram their aggenda down Obama's throat, so they might as well work out some permanent cure to the debt cieling problem.

Somebody on Wall Street must have showed him what a default would do to his portfolio.
 
Yet more Obama dishonesty …

http://www.cnsnews.com/news/article/official-treasury-reports-coffers-full-e

July 12, 2011

(CNSNews.com) - President Barack Obama told CBS News today that there may not be enough money in the U.S. Treasury to cover Social Security checks after Aug. 3 if Congress does not agree to lift the legal limit on the federal debt and allow his administration to borrow more money.

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Obama told CBS News anchor Scott Pelley in an interview.

However, according to the Daily Treasury Statements published by the U.S. Treasury Department, the ongoing flow of federal tax revenue since the Treasury declared that it had hit the debt limit on May 16 has been more than sufficient to cover the combined costs of federal spending on interest payments, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits (including wages and insurance benefits for military personnel).
Click to expand...

Stand tough, republicans.
 
geni said:
Either you don't understand the word "may"
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So you don't think Obama was being deliberately deceptive? Because the facts suggest he surely should know that all the government's expenses are currently being exceeded by revenues. So what's that leave? Obama's incredibly stupid? Haven't I been suggesting that for some time? :D
 
BeAChooser said:
So you don't think Obama was being deliberately deceptive? Because the facts suggest he surely should know that all the government's expenses are currently being exceeded by revenues.
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Yes the key word is currently. Perhaps you are unaware that it is not currently august.
 
geni said:
Yes the key word is currently. Perhaps you are unaware that it is not currently august.
Click to expand...

Of course there is a possibility the money would not be there. But you don't think he was being very misleading and trying to cause fear for the seniors
 
eeyore1954 said:
Of course there is a possibility the money would not be there. But you don't think he was being very misleading and trying to cause fear for the seniors
Click to expand...
Ryan and Agent Orange would be quite comfortable with that. They would like SS gone.
 
D'oh--I misvoted in the poll. I was aiming for Congressional Repubs and clicked on Obama by mistake.
 
The full consequences of a default -- or even the serious prospect of default -- by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation...
 
Nixon let the dollar float in what year? (1970 IIRC?)

Obama apparently wants to let the dollar sink in the year 2011.

Not sure which would have the more pernicious long term effect.
 
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