What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

The 112th Congress: Debt ceiling edition

  • Thread starter Thread starter Priceless
  • Start date Start date
Status
Not open for further replies.
Re: The 112th Congress: Debt ceiling edition

Wol4ine said:
I think it's funny that the graph starts at 2009. Of the five factors charted, Bush had to deal with 2 of those, The tax cuts and the Wars. Yet the deficit under Bush stayed below $0.5 Trillion. So this year we are looking at $1.5 Trillion deficit. Whats Changed??
Stimulous, TARP, Fannie Mae, Freddie Mac, Bailouts, and a bad economy. Letting the tax cuts lapse would have hurt the economy, even the POTUS admitted that.
Click to expand...

Really?
The Troubled Asset Relief Program (TARP) was signed into law by U.S. President George W. Bush on October 3, 2008
The federal takeover of Fannie Mae and Freddie Mac by the U.S. Treasury occurred on September 6, 2008 while George W. Bush was still president.

The only decision that was Obama's was the American Recovery and Reinvestment Act of 2009 (aka stimulus package). The rest of those things were all Bush's doing.

During 2008 (Jan 1 -Dec 31), the US debt increased from $9.23 trillion to 10.70 trillion, an increase of nearly $1.5 trillion.
 
Re: The 112th Congress: Debt ceiling edition

Wol4ine said:
So tell me again how thats NOT a Ponzi scheme? If the 18 yo's weren't there as the base of the pyramid to support the 64 yo's at the top, the system would crash.
Click to expand...

Not familiar with how the baby boomers set the rest of us up, are ya?
 
Re: The 112th Congress: Debt ceiling edition

Slap Shot said:
Not familiar with how the baby boomers set the rest of us up, are ya?
Click to expand...

Bwahaha. Suckers.

Notice we also got rid of the ice floes with climate change. We're ten steps and ten years ahead of the rest of you.

Don't fret. A few of your cutest we'll keep as furniture.

soylent-green-charlton-heston-and-stephen-young.jpg
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

ScoobyDoo said:
... The good news is that Job Creators are not going to get a tax increase. We can all breathe a heavy sigh of relief over that.
Click to expand...

Yes, many thanks to the house leadership for safeguarding the incomes of these job-creators and GOP-supporters:

http://blogs.forbes.com/dorothypomerantz/2011/06/09/the-best-paid-celebrities-under-30/

http://www.therichest.org/entertainment/vanityfairtop-40-highest-paid-stars-in-hollywood/

http://www.therichest.org/sports/forbes-highest-paid-athletes/
 
Re: The 112th Congress: Debt ceiling edition

Question: Why are House Republicans and their supporters screaming about the Senate not bothering to look at their cut/cap/balance thing?

A. Everyone knew it was political theater

B. They tossed in a constitutional amendment in and then failed to get 2/3 of the House to vote for the bill, thus killing it themselves.

C. Even if it flew through Washington, there is literally no way 38 states will ratify it in 10 days. There's a reason you get 7 years to vote on those.
 
Re: The 112th Congress: Debt ceiling edition

bronconick said:
Question: Why are House Republicans and their supporters screaming about the Senate not bothering to look at their cut/cap/balance thing?

A. Everyone knew it was political theater
Click to expand...

So you're saying the Dems would rather default than to pass CCB? Interesting. So when are Democrats going to produce their bill? Next thing you'll tell me is that the Dems would rather default than deal with this issue again next year.

Its a funny thing that occurs when you make one side into the "adults" and the other into the "reactionaries". Its also funny when you decide that one side has to bend or that one side has the mantle of normal. Spending ourselves into a deeper abyss to hope that at some point we will curtail our own spending is somehow "normal".... because its the "middle" position. We both know that's crap.

I find it incredibly annoying that we're dubbing this "political theater" because we know that the Dems are loaded with jerks who want to perpetuate the welfare state at our increasing expense. Its "political theater" 'cause the other guy can't control his addiction and needs $300 to get him through Friday? Isn't it political theater to propose that the "president is willing to do X" without cosigning any of it to paper? I mean, its a lie... sure, it may be a comforting one... but its just a fiction that'll be used to make him look reasonable when talking to you.... but no, clearly that bill was obviously wrong... and so wrong they won't discuss the merits in the Senate... so wrong they hear discussing it... and so wrong they'd rather not compromise towards that and alleviate the current crisis and eliminate the long term crisis... is that right?

Just because some old hack McConnell floats out a solution so that he can stay in the social circle doesn't mean its right or even good for our country. I shouldn't suffer because he's afraid of looking bad... guess what McConnell... you're a Republican... they'll hate you even if you give lollipops to 1st graders. They hate you for having the temerity of existing. "Oh, sure we failed, but at least we were reasonable in failing". Idiots. Own their hatred, they're dishing it anyways... own the hatred and do what's right by the people of this nation.
 
Last edited:
Re: The 112th Congress: Debt ceiling edition

ScoobyDoo said:
If a default happens we're all pretty much done. The good news is that Job Creators are not going to get a tax increase. We can all breathe a heavy sigh of relief over that.
Click to expand...

Why would we default? Please explain... we can pay for our debts as long as don't pay for other items... so default isn't a mandatory option.
 
Re: The 112th Congress: Debt ceiling edition

Patman said:
Why would we default? Please explain... we can pay for our debts as long as don't pay for other items... so default isn't a mandatory option.
Click to expand...

If the US fails to pay any of its current obligations when due it has defaulted on that obligation. Thus, we wouldn't have to actually default on our loans for our interest rates to jump and the market to crash. Even if I pay all my credit cards and student loans on time, if I fail to pay my rent and utilities that no Lender in their right mind would lend me money for a car at anything other than crazy interest rates.

The US may not have defaulted on it's loans, but it has defaulted on it's obligations, and if you default on one obligation what isn't to say that you won't default on obligations in the future. This results in increased risked to the lender which are compensated for by demanding higher interest rates from the borrower.
 
Re: The 112th Congress: Debt ceiling edition

The Democrats have plans, the one being offered a month ago was 83% spending cuts and 17% revenue enhancers (through closing loopholes - the precious Bush tax cuts were left alone). The GOP walked away. The GOP was offered a plan this week as outlined previously. The GOP walked away. Noticing a trend here?

I find it laughable that the GOP cries about the Democrats not having a plan, yet every time one is proposed they walk out.
 
Re: The 112th Congress: Debt ceiling edition

Patman said:
Rant
Click to expand...

It's political theater because a constitutional amendment isn't going to be enacted by August 2nd. And since they passed it as a single bill, the vote is meaningless. Part of the bill failed because 290 representatives didn't vote for it. There is literally no point to looking at it after that.
 
Re: The 112th Congress: Debt ceiling edition

Wol4ine said:
I think it's funny that the graph starts at 2009. Of the five factors charted, Bush had to deal with 2 of those, The tax cuts and the Wars. Yet the deficit under Bush stayed below $0.5 Trillion. So this year we are looking at $1.5 Trillion deficit. Whats Changed??
Stimulous, TARP, Fannie Mae, Freddie Mac, Bailouts, and a bad economy. Letting the tax cuts lapse would have hurt the economy, even the POTUS admitted that.
Click to expand...

Are you actually this dumb or do you just play a moron on tv? :p
 
Re: The 112th Congress: Debt ceiling edition

Patman said:
So you're saying the Dems would rather default than to pass CCB? Interesting. So when are Democrats going to produce their bill? Next thing you'll tell me is that the Dems would rather default than deal with this issue again next year.

Its a funny thing that occurs when you make one side into the "adults" and the other into the "reactionaries". Its also funny when you decide that one side has to bend or that one side has the mantle of normal. Spending ourselves into a deeper abyss to hope that at some point we will curtail our own spending is somehow "normal".... because its the "middle" position. We both know that's crap.

I find it incredibly annoying that we're dubbing this "political theater" because we know that the Dems are loaded with jerks who want to perpetuate the welfare state at our increasing expense. Its "political theater" 'cause the other guy can't control his addiction and needs $300 to get him through Friday? Isn't it political theater to propose that the "president is willing to do X" without cosigning any of it to paper? I mean, its a lie... sure, it may be a comforting one... but its just a fiction that'll be used to make him look reasonable when talking to you.... but no, clearly that bill was obviously wrong... and so wrong they won't discuss the merits in the Senate... so wrong they hear discussing it... and so wrong they'd rather not compromise towards that and alleviate the current crisis and eliminate the long term crisis... is that right?

Just because some old hack McConnell floats out a solution so that he can stay in the social circle doesn't mean its right or even good for our country. I shouldn't suffer because he's afraid of looking bad... guess what McConnell... you're a Republican... they'll hate you even if you give lollipops to 1st graders. They hate you for having the temerity of existing. "Oh, sure we failed, but at least we were reasonable in failing". Idiots. Own their hatred, they're dishing it anyways... own the hatred and do what's right by the people of this nation.
Click to expand...

Yeah the world hates Republicans...because they are so loving and accepting of others and their opinions. Seriously get off your cross already the blood is dripping in the slaves eyes!
 
Re: The 112th Congress: Debt ceiling edition

The White House meeting that was going to save the Republic lasted all of 58 minutes. And didn't save the Republic. So unless Obama avails himself of the 14th Amendment option (which he has said he wouldn't) then we are going to default.
 
Re: The 112th Congress: Debt ceiling edition

At least when you are dealing with 4 yr olds you can make them share their ball, take their TV away or send them to bed early. No such luck with our current 'leaders' or 'pseudo-leaders'
 
Re: The 112th Congress: Debt ceiling edition

leswp1 said:
At least when you are dealing with 4 yr olds you can make them share their ball, take their TV away or send them to bed early. No such luck with our current 'leaders' or 'pseudo-leaders'
Click to expand...

leadersdemotivationalposter.jpg
 
Re: The 112th Congress: Debt ceiling edition

In a conference call with his members, Boner called for a package to be ready to pass on his desk by 2PM tomorrow to avoid rattling the Asian markets. Hmmm. Maybe the money guys have finally figured out that they stand to lose a hell of a lot more if the government defaults than if their tax rate goes up 4%.
 
Re: The 112th Congress: Debt ceiling edition

Patman said:
So you're saying the Dems would rather default than to pass CCB? Interesting.
Click to expand...

If you're dying of thirst and I offer you ocean water, should you accept it simply because it's a plan?
 
Status
Not open for further replies.
Back
Top