Liberal free for all coming to an end

[TracyCoxx]

So last friday, Boner announced that he's done dealing with Obama because Obama 'moved the goal posts'. i.e. he previously agreed to something and then reneged. So he decided he'll just deal with the Senate.

And Harry Reid is actually negotiating with him. So the pres is cut out. Proposals from both the house and senate will not raise taxes. Interesting...

[parr]

Originally Posted by TracyCoxx

So last friday, Boner announced that he's done dealing with Obama because Obama 'moved the goal posts'. i.e. he previously agreed to something and then reneged. So he decided he'll just deal with the Senate.

And Harry Reid is actually negotiating with him. So the pres is cut out. Proposals from both the house and senate will not raise taxes. Interesting...

It would interesting to see what deal transpires between O'Bama, House
and Senate.

[TracyCoxx]

Originally Posted by parr

It would interesting to see what deal transpires between O'Bama, House
and Senate.

I wonder if that's even possible. Anything Boner proposes gets a warning of a veto before bipartisan votes in the House. Obama shows no inclination to work with the House and compromise.

Obama even promises to veto what Harry Reid proposes. Despite the strong differences in opinions and the unlikelyhood that a real solution is going to be found one way or another anytime soon, Obama doesn't even want a small debt ceiling increase that will get us pass the debt payment. Why? Because then we will be right back here with the effects of his over spending plain for all to see in the middle of his campaign. It seems to me that both the House and Senate are honestly wanting to do what's right for the country, while Obama is worried about how he's going to get re-elected.

The only way we're going to get past this is for the House & Senate to pass something with a 2/3 vote to override BO.

And did you see his speech last night? Even Chris Matthews who said he felt a chill up his leg when BO got elected and admitted he felt it was his responsibility to make Obama look good said "The President should not have gone on national television to give a political address".

After raising our debt by trillions which predictably did nothing for the economy, he had the nerve to lay the blame on others. BO ignored the efforts between the house and his only ally - the Senate to come up with a compromise to tout his own agenda. But the thing is is that Obama still has not offered his own plan! He has no specifics, just speeches. That's because he doesn't want the blame for cutting entitlements, raising taxes or defaulting on the debt. He wants others to do the hard work and make the difficult decisions so that he can point at them and say "See what they did?!" when he's campaigning for round two of his assault on America.

[TracyCoxx]

A poll conducted for CNN by ORC International showed support for a Balanced Budget Amendment at 74% among U.S. adults. Support for a proposal like the Republican “Cut, Cap, and Balance” plan was 66%.

Gallup Poll: Obama's Weekly Job Approval Ties Term Low of 43%

43% happens to also be the percentage of people who strongly disapprove of BO's performance according to Rasmussen.

And you know the expression: It's the Economy stupid!
Gallup says 73% of Americans say the economy is getting worse.

[GRH]

Are you smoking crack Tracy? Obama has shown a HIGH propensity for compromise which included $3 trillion in spending cuts-- including cuts to Social Security and Medicare (sacred cows for Democrats). It's the damn Republicans that refuse to budge on revenues, or as I like to call it, tax spending.

And part of the reason that the Boehner proposal for a temporary extension (that would last six months) is completely unacceptable is because it creates economic uncertainty for the entire economy. Further, this kick the can approach is almost certain to cause the US having their credit rating lowered. Ratings agencies have said there is a 50% chance of a credit downgrade in the next few months unless a credible plan to address the deficit is forwarded. A six month debt ceiling extension is HARDLY credible and would lead to a lower credit rating. This in turn would lead to a higher cost to service the debt as well as increased borrowing costs for Americans.

[GRH]

And regarding polls, I've seen earlier polls that indicated that a majority of Americans did not want the debt ceiling raised. In the same polls, a majority of Americans admitted to not having a basic understanding of interest rates too, or even what the debt ceiling was. Moral of the story...The voting public is stupid. You won't find many credible economists who would suggest that the most powerful nation on earth shouldn't be able to issue debt. Corporations issue debt to leverage their earnings potential. Families take on debt to invest in their future (mortgages, cars, etc.) Debt is not an evil thing. And the absurdity of "capping" spending at a percentage of GDP completely ignores demographic trends. We have a boom of retirees flooding the system; this marks a major demographic shift from our past history and in the coming decades will necessitate a higher amount of spending as a percentage of GDP to pay the benefits to these retirees. This demographic shift has spending implications. Those that support capping spending ignore the demographics-- what they are essentially saying is that we are going to renege on the promises we've made to seniors.

[tslust]

Originally Posted by GRH

The voting public is stupid

The 2008 election is proof of that.

Originally Posted by GRH

Families take on debt to invest in their future (mortgages, cars, etc.) Debt is not an evil thing.

http://youtu.be/_mfMG66LtVU

Most of these families try to live within their means. That includes paying their bills, paying off their loans and mortgages, trying to stay within a budget. The problem with our national debt is that our government shows no intention of paying off its loans and they will not live within their means (unless forced to by -ohh IDK, maybee a- Constitutional Ammendment, and maybee not even then).

[TracyCoxx]

Originally Posted by GRH

You won't find many credible economists who would suggest that the most powerful nation on earth shouldn't be able to issue debt. Corporations issue debt to leverage their earnings potential. Families take on debt to invest in their future (mortgages, cars, etc.) Debt is not an evil thing.

I couldn't respond to you about debt any better than this:
"The fact that we are here today to debate raising America?s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can?t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government?s reckless fiscal policies. ? Increasing America?s debt weakens us domestically and internationally. Leadership means that ?the buck stops here.? Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." Barack Obama - 2006

[TracyCoxx]

Originally Posted by GRH

Are you smoking crack Tracy?

No, but I did have some blue bell ice cream last night.

Originally Posted by GRH

Obama has shown a HIGH propensity for compromise which included $3 trillion in spending cuts-- including cuts to Social Security and Medicare (sacred cows for Democrats). It's the damn Republicans that refuse to budge on revenues, or as I like to call it, tax spending.

The entire time BO has been president I have been griping about his overspending and saying that it was going to put us deep in debt, risk our credit rating and that the programs he wanted weren't going to help anything. 3 years later that is exactly where we are. It's time to recognize that the trillions BO added to the debt were for nothing other than to pay off his supporters. The liberal free for all is at an end.

He has added over $4 trillion in debt in his term. His $3 trillion in cuts that he wants is over 10 years. That's $300 billion/year. That's pocket change. So basically he wants us to live with this debt he added, oh and by the way let's get more tax too for his mismanagement of our economy. That's really going to help in a big-ass recession.

Originally Posted by GRH

And part of the reason that the Boehner proposal for a temporary extension (that would last six months) is completely unacceptable is because it creates economic uncertainty for the entire economy.

The debt situation BO has put us in creates uncertainty for the economy. As far back as 1940 Congress had to pass 37 short-term debt extensions. They have all provided funding for less than six months. He is focused on his campaign, pure and simple. Like what Rahm Emanuel says "You never want a serious crisis go to waste".

Originally Posted by GRH

Debt is not an evil thing.

That's a blanket statement. Certainly you must realize that at some point the interest payments become too big of a burden on our economy.

Originally Posted by GRH

And the absurdity of "capping" spending at a percentage of GDP completely ignores demographic trends. We have a boom of retirees flooding the system; this marks a major demographic shift from our past history and in the coming decades will necessitate a higher amount of spending as a percentage of GDP to pay the benefits to these retirees. This demographic shift has spending implications. Those that support capping spending ignore the demographics-- what they are essentially saying is that we are going to renege on the promises we've made to seniors.

Wouldn't it be nice if the $157 billion we're paying for interest on our debt could go to the boom of retirees flooding the system instead? We have to live within our means. If there's a boom of retirees flooding the system, then we'll have to cut something else. You want to add more money to the budget? Create more tax payers.

[smc]

I am no supporter of Barack Obama. I am, though, a supporter of truth.

No matter how many times Tracy Coxx writes it, it is clear to everyone who is honest about it that what he calls the "debt situation BO has put us in" is really a debt situation that George W. Bush and his enablers in Congress put us in. Every reputable economist in the world agrees that government spending (i.e., the stimulus) is a key way to get out of a recession. That Obama's didn't go far enough is the main point to make about it. Every reputable economist in the world also agrees that the Bush tax cuts, two unfunded wars fought on credit, and a boondoggle prescription drug benefit for seniors that enriched the pharmaceutical companies is the primary reason the United States went from surplus to deficit.

So, readers, take the continuing drumbeat by Tracy Coxx with a gigantic block of salt.

[randolph]

Originally Posted by TracyCoxx

A poll conducted for CNN by ORC International showed support for a Balanced Budget Amendment at 74% among U.S. adults. Support for a proposal like the Republican ?Cut, Cap, and Balance? plan was 66%.

Gallup Poll: Obama's Weekly Job Approval Ties Term Low of 43%

43% happens to also be the percentage of people who strongly disapprove of BO's performance according to Rasmussen.

And you know the expression: It's the Economy stupid!
Gallup says 73% of Americans say the economy is getting worse.

So they have pulled the "balanced budget amendment" out of the closet. Dear old Ronny yammered about this years ago. When he got elected, he appointed a committee of people OPPOSED to it to "study" it. It died a quiet death.

[parr]

Originally Posted by TracyCoxx

I wonder if that's even possible. Anything Boner proposes gets a warning of a veto before bipartisan votes in the House. Obama shows no inclination to work with the House and compromise.

Obama even promises to veto what Harry Reid proposes. Despite the strong differences in opinions and the unlikelyhood that a real solution is going to be found one way or another anytime soon, Obama doesn't even want a small debt ceiling increase that will get us pass the debt payment. Why? Because then we will be right back here with the effects of his over spending plain for all to see in the middle of his campaign. It seems to me that both the House and Senate are honestly wanting to do what's right for the country, while Obama is worried about how he's going to get re-elected.

The only way we're going to get past this is for the House & Senate to pass something with a 2/3 vote to override BO.

And did you see his speech last night? Even Chris Matthews who said he felt a chill up his leg when BO got elected and admitted he felt it was his responsibility to make Obama look good said "The President should not have gone on national television to give a political address".

After raising our debt by trillions which predictably did nothing for the economy, he had the nerve to lay the blame on others. BO ignored the efforts between the house and his only ally - the Senate to come up with a compromise to tout his own agenda. But the thing is is that Obama still has not offered his own plan! He has no specifics, just speeches. That's because he doesn't want the blame for cutting entitlements, raising taxes or defaulting on the debt. He wants others to do the hard work and make the difficult decisions so that he can point at them and say "See what they did?!" when he's campaigning for round two of his assault on America.

Tracy, all this arrogance he has shown, is going to cost him in 2012 elections.

[randolph]

The whole damn bunch needs to be locked up in the Whitehouse with no food or water until they agree on a solution that gets the Federal governments house in order.
We have elected a bunch of F--king assholes!