Godlike Productions - Conspiracy Forum
Users Online Now: 1,596 (Who's On?)Visitors Today: 783,429
Pageviews Today: 985,284Threads Today: 183Posts Today: 3,651
08:55 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!

 
Bucephelus
Offer Upgrade

User ID: 47696941
United States
10/16/2013 08:54 PM
Report Abusive Post
Report Copyright Violation
READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
[link to www.politico.com]

The Senate plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

..
Bucephelus
Bucephelus (OP)

User ID: 47696941
United States
10/16/2013 08:57 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
.


So by default, the debt limited is UNLIMITED unless the
Democrat-controlled Senate votes 2/3 to stop it!


Traitors!

.
Bucephelus
Anonymous Coward
User ID: 29875596
United States
10/16/2013 09:02 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
There should be no debt ceiling. Why not wring that last tiny bit of value out of the dollar on its way to the dustbin of history. Let's print the shit out of it until nobody is willing to accept it.
endtimes101

User ID: 47233844
United States
10/16/2013 09:29 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
Yep
Anonymous Coward
User ID: 1291552
United States
10/16/2013 09:32 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
There should be no debt ceiling. Why not wring that last tiny bit of value out of the dollar on its way to the dustbin of history. Let's print the shit out of it until nobody is willing to accept it.
 Quoting: Anonymous Coward 29875596

Yeah, the american people should just borrow to their hearts content and just let their children and grandchildren pay the tab long after we are dead. who cares then....the hell with the generations to come. Let them be slaves. We live large now and screw the next generation.

.
Anonymous Coward
User ID: 17520273
Canada
10/16/2013 09:34 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
then the default wouldn't be a problem , but inflation would !
endtimes101

User ID: 47233844
United States
10/16/2013 09:34 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
Pin it.

Biggest news of tbe day
Emlapal

User ID: 30657134
United States
10/16/2013 09:36 PM

Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
Awesome..I hope he spends

$7,000,000,000,000,000,000,000,000,000,000,000,000 cause who gives a fuck anyway?

They'd an just print more and more and more money.

They can just put the country further and further and further into,debt.

And the stock market will still go up triple digits.
Anonymous Coward
User ID: 45879938
United States
10/16/2013 09:36 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
they gave him a black card?
i thought he already had a black card.
Anonymous Coward
User ID: 29971665
United States
10/16/2013 09:44 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
bump
Anonymous Coward
User ID: 48344953
United States
10/16/2013 09:48 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
Awesome..I hope he spends

$7,000,000,000,000,000,000,000,000,000,000,000,000 cause who gives a fuck anyway?

They'd an just print more and more and more money.

They can just put the country further and further and further into,debt.

And the stock market will still go up triple digits.
 Quoting: Emlapal


Let's just keep printing money until there isn't a tree left standing on Planet Earth!

Woot!

5a
Anonymous Coward
User ID: 48475848
Malaysia
10/16/2013 10:09 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
[link to www.politico.com]

The Senate plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

..
 Quoting: Bucephelus



This has got no sense. You cannot print paper money if you don't have gold equivalent to the quantity of your paper money. How can you raise the debt ceiling if you don't have enough money to even pay the current debt? And your government is just gonna print more paper money to pay for the debt? Backed by what? It doesn't make sense. The more the debt ceiling is raised, the more the debt is piling up. It's gonna be a never-ending debt. It's a loop. Where and when is it gonna end? So the next generation will have to pay for their parents' debt? And the next-next generation will have to pay for their grandparents' debt and so on... Such a vicious cycle.
endtimes101

User ID: 8915967
United States
10/16/2013 10:14 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
granny Obama
Anonymous Coward
User ID: 48184497
United States
10/16/2013 10:17 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
[link to www.politico.com]

The Senate plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

..
 Quoting: Bucephelus



This has got no sense. You cannot print paper money if you don't have gold equivalent to the quantity of your paper money. How can you raise the debt ceiling if you don't have enough money to even pay the current debt? And your government is just gonna print more paper money to pay for the debt? Backed by what? It doesn't make sense. The more the debt ceiling is raised, the more the debt is piling up. It's gonna be a never-ending debt. It's a loop. Where and when is it gonna end? So the next generation will have to pay for their parents' debt? And the next-next generation will have to pay for their grandparents' debt and so on... Such a vicious cycle.
 Quoting: Anonymous Coward 48475848


NO one is going to pay this back.
They have to be going to hyperinflate, it's the only way people can catch up with the debt.

It's the ONLY way this will be paid.
Anonymous Coward
User ID: 43846990
Malaysia
10/16/2013 11:27 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
[link to www.politico.com]

The Senate plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

..
 Quoting: Bucephelus



This has got no sense. You cannot print paper money if you don't have gold equivalent to the quantity of your paper money. How can you raise the debt ceiling if you don't have enough money to even pay the current debt? And your government is just gonna print more paper money to pay for the debt? Backed by what? It doesn't make sense. The more the debt ceiling is raised, the more the debt is piling up. It's gonna be a never-ending debt. It's a loop. Where and when is it gonna end? So the next generation will have to pay for their parents' debt? And the next-next generation will have to pay for their grandparents' debt and so on... Such a vicious cycle.
 Quoting: Anonymous Coward 48475848


NO one is going to pay this back.
They have to be going to hyperinflate, it's the only way people can catch up with the debt.

It's the ONLY way this will be paid.
 Quoting: Anonymous Coward 48184497



For hyperinflation to happen, they would need to print a LOT of paper money. Sure, they can pay ALL their debts with that paper money, but the small bills will devalue, and the prices of goods and services will increase to more than 50%. A lot of people will not be able to buy foods. If they're going to stop the EBT/food stamps permanently, how are the poor people going to survive? I heard they even going to stop the Social Security altogether to decrease government payouts. Sure, cut everything and they can pay back the debts quickly, but the end scenario is very much as bad as if the country goes on a default. There's not really much difference is there? At least by going default, the debt is not piling up and you don't have to print more paper money, and backed by nothing, at that.

The way I see it, it doesn't matter whether the country defaults or going into hyperinflation, the outcome has already been determined. The country is just buying some time before the SHTF. How long can you go on printing money while at the same time, the bills are valueless? If you continue this scenario for so long, your country is going to turn into another Zimbabwe.
bellazeus

User ID: 46267375
United States
10/17/2013 09:52 PM
Report Abusive Post
Report Copyright Violation
Re: READ THIS: the Senate just voted to give Obama an UNLIMITED Debt Ceiling limit!!!
[link to www.activistpost.com]

This video is put by gold and silver companies, but it's very informative.
Thanks!
bellazeus

News