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Ultimately, I'm forced to agree completely. Joel Send a noteboard - 09/08/2011 05:09:19 PM
If both houses would've compromised on a smallish tax increase and a smallish spending cut, we would be bringing in more revenue AND spending less money without extending the debt ceiling. But instead, old time politics continued on both sides with an extension of the debt ceiling and big time spending cuts over such a long period that any type of 9/11 type of event will throw the cuts out the window for a war time scenario. Since both decided to entrench themselves on opposite sides, nothing productive was achieved and Obama folded on his promise to not cut entitlements.

Nothing was fixed. The problem with overspending is still there. Both Republicans AND Democrats are to blame and S&P did the right thing to downgrade us. They can see that nothing was fixed by extending out debt ceiling.

I do share Rolands quibble that by this summer it was no longer possible to do that in time to avoid a choice between raising the debt ceiling or shutting down the federal government for a year, but in the final analysis that goes back to Isaacs point that Obama could've submitted and passed a budget last year that cut spending, raised taxes and avoided the need to raise the debt ceiling. Imagine how his poll numbers would look now if he'd balanced the budget a year ago. Hint: When Gingrich forced Clinton to do it in 1995 it was the high point of both their careers, helped extend the economic boom another ten years and left a trillion dollar surplus in the Social Security trust fund when Bush was inaugurated. Yeah, Bush screwed the economy up royally with his insane idea that massive tax cuts were a good way for a nation already heavily in debt to start wars in two countries, but the fact is Bush has been out of office for over two years now; it's past time Obama did something to correct Bushs known and glaring errors (like he promised) instead of perpetuating them.
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US Credit Rate Downgraded - Obama should resign..... - 06/08/2011 04:12:48 AM 1331 Views
Que tonterías. - 06/08/2011 04:23:49 AM 858 Views
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Leaders have to lead..... - 06/08/2011 05:18:21 AM 735 Views
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Yeah, sure, the President has no say or control.....good grief..... *NM* - 06/08/2011 06:13:49 AM 445 Views
I did not say that. - 06/08/2011 06:51:35 AM 849 Views
S&P didn't demand cuts, they demanded fiscal responsibility. - 06/08/2011 03:18:10 PM 1014 Views
Obama caved spectacularly to avoid a default. - 06/08/2011 04:37:21 PM 825 Views
Obama caved spectacularly to ease re-election. - 06/08/2011 05:34:04 PM 1004 Views
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The biggest? why that is pretty damn big!!! - 09/08/2011 06:29:24 PM 791 Views
you, it was the tea party republicans that caused this - 06/08/2011 05:57:16 AM 863 Views
Your momma is more to blame than the Tea Party..... - 06/08/2011 06:12:05 AM 745 Views
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Does Timmy G play sax like his brother Kenny? *NM* - 06/08/2011 01:11:17 PM 425 Views
Fun fact - I dated in HS Kenny G's niece..... - 06/08/2011 03:13:52 PM 728 Views
Re: Fun fact - I dated in HS Kenny G's niece..... - 06/08/2011 04:50:35 PM 835 Views
Sadly, not that niece!!! *NM* - 06/08/2011 06:40:39 PM 429 Views
S&P specifically cited GOP refusal to raise taxes among their reasons. - 06/08/2011 03:10:22 PM 897 Views
Of course one could just read the actual S&P report - 06/08/2011 04:01:07 PM 898 Views
Sure. - 06/08/2011 04:53:47 PM 906 Views
not really - 06/08/2011 10:15:32 PM 788 Views
"the mix of spending and revenue measures" - 06/08/2011 10:23:06 PM 854 Views
So you read the statement that they take no posistion as they take the dem position? - 07/08/2011 04:51:58 AM 858 Views
I read a "mix" to be a mix. - 09/08/2011 12:14:35 AM 766 Views
So in other words you just ignore the actaull words and read it say what you want it to say *NM* - 09/08/2011 02:07:57 PM 487 Views
A mix of something and nothing is impossible; one thing is one thing, not a mix. - 09/08/2011 04:56:00 PM 946 Views
Would 99.99% to 0.01% be a mix? - 09/08/2011 06:25:08 PM 1033 Views
Yup, but 100% to 0% is not. - 09/08/2011 06:35:13 PM 855 Views
They should all resign - 06/08/2011 05:47:56 PM 883 Views
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Wait Wait Wait.... - 07/08/2011 05:31:20 AM 863 Views
In Jersey - 07/08/2011 06:13:23 PM 959 Views
would him resigning really help? - 07/08/2011 10:24:00 AM 823 Views
not as long as he has the high functioning moron Joe Biden as VP. - 08/08/2011 12:34:32 AM 810 Views
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40% is not a small tax increase and a small spending cut - 09/08/2011 04:20:28 AM 708 Views
Why are people making a deal about the debt ceiling increase? - 09/08/2011 03:42:13 PM 745 Views
We do have a debt ceiling for a reason - 09/08/2011 04:05:59 PM 770 Views
Ultimately, I'm forced to agree completely. - 09/08/2011 05:09:19 PM 798 Views

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