***Cogress: If US defaults, we're impeaching Obama*** | |
Anonymous Coward (OP) User ID: 1286880 Australia 07/25/2011 06:13 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 1286880 Australia 07/25/2011 06:13 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 433702 United States 07/25/2011 06:14 PM Report Abusive Post Report Copyright Violation | 1. August 2 is a phony deadline. Treasury Secretary Timothy Geithner has pushed back the drop-dead date when the U.S. finally reaches its limit a bunch of times already: March 31, April 15, May 31 were all cited as deadlines before August 2 was inked in as Armageddon. But this time, he means it, man, really. 2. Reaching the debt ceiling is NOT the same as defaulting on our debt – which would indeed be catastrophic. Think about it: You can max out your credit cards but as long as you keep paying the minimum amount due each month, your creditors don’t go crazy. Interest on the debt is a small fraction of total outlays and the government has a series of tools – from using cash on hand to selling assets to scrimping on nonessential payments – to make sure interest payments are made and seniors aren’t put on an all cat-food diet. 3. Legislating-by-Panic is no way to run a country. The reason we’re in this mess is because government can’t stop spending. And the government can’t even pass a budget on a year’s notice. But we’re expecting them to come up with a good plan for the country’s borrowing in a couple of weeks? Trying to force through an expansion of the country’s credit line by promising cuts in spending down the road is exactly why we’re in this situation to begin with. It makes far more sense to do something like sell some TARP assets -- the government is sitting on $320 billion in outstanding direct loans and equities investments -- to cover interest payments through the end of the fiscal year than to force Congress and the president to come up with a budget that cuts spending -- and borrowing -- for real, next year, not is some distant future. |
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SouthrnPreper User ID: 1303938 United States 07/25/2011 06:14 PM Report Abusive Post Report Copyright Violation | Benjamin Franklin left the Constitutional Convention in 1787, He was approached by a Mrs. Powell, who asked him, "What have you given us, Dr. Franklin?" "A Republic," he replied, "If you can keep it. "If you want to make someone angry, tell him a lie; if you want to make him furious, tell him the truth. All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident". - A. Schopenhauer Philosopher" [link to www.youtube.com] |
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Anonymous Coward (OP) User ID: 1286880 Australia 07/25/2011 06:15 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 497757 United States 07/25/2011 06:16 PM Report Abusive Post Report Copyright Violation | So they are saying now that democrats should just accept any republican offer, and republicans don't have to accept anything. Ok, you people are screwed big time. Republicans will make all of you pay and loose all benefits while trying to keep the rich intact. It will actually be acontinuation of the bailout ideology. Save the rich, loose the middle and poor. Well it was nice having known you people. Quoting: Anonymous Coward 1424951I'm moving to Amsterdam, see ya there Dutchie! |
vesper User ID: 1482430 United States 07/25/2011 06:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1419177 United States 07/25/2011 06:30 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1423892 United States 07/25/2011 06:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1482564 United States 07/25/2011 06:41 PM Report Abusive Post Report Copyright Violation | So they are saying now that democrats should just accept any republican offer, and republicans don't have to accept anything. Ok, you people are screwed big time. Republicans will make all of you pay and loose all benefits while trying to keep the rich intact. It will actually be acontinuation of the bailout ideology. Save the rich, loose the middle and poor. Well it was nice having known you people. Quoting: Anonymous Coward 1424951I'm moving to Amsterdam, see ya there Dutchie! |
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Anonymous Coward (OP) User ID: 1286880 Australia 07/25/2011 06:49 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1482578 United States 07/25/2011 06:54 PM Report Abusive Post Report Copyright Violation | |
weegie User ID: 1478850 Switzerland 07/25/2011 09:53 PM Report Abusive Post Report Copyright Violation | And since the Republicans control Congress, NOTHING is stopping them from doing it. Quoting: Anonymous Coward 1286880The Republicans don't control Congress. Since January when the new Congress was sworn in they have controlled the House of Representatives. The Democrats still control the Senate. Until the 2010 November elections the Democrats controlled both the House and the Senate, and the White House. There was NOTHING to stop them from doing what they wanted. |
Anonymous Coward User ID: 1482794 Nigeria 07/25/2011 10:38 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 419649 United States 07/26/2011 03:52 AM Report Abusive Post Report Copyright Violation | impeached my ass.... pelosi 'n the dem controlled congress att could've impeached bush summer '08... did they? NO! so all this talk is just BS. obamas going to pull something outta his ass and become a hero.. and probaly fly in a fighter jet to an aircraft carrier.. like bush did HAHAHAHAHAHAHA |
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Anonymous Coward User ID: 419649 United States 07/26/2011 03:54 AM Report Abusive Post Report Copyright Violation | impeached my ass.... pelosi 'n the dem controlled congress att could've impeached bush summer '08... did they? NO! Quoting: Anonymous Coward 419649so all this talk is just BS. obamas going to pull something outta his ass and become a hero.. and probaly fly in a fighter jet to an aircraft carrier.. like bush did HAHAHAHAHAHAHA summer '07*** |
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