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.
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.
Honorbound and honored to be Bonded to Mahtaliel Sedai
Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
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
Really?
06/08/2011 05:05:48 AM
- 912 Views
Leaders have to lead.....
06/08/2011 05:18:21 AM
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Cuts aren't up to him, though.
06/08/2011 05:37:50 AM
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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
S&P didn't demand cuts, they demanded fiscal responsibility.
06/08/2011 03:18:10 PM
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and haters gotta hate..... *NM*
06/08/2011 05:49:25 AM
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I admit it, I hate what Obama is doing to our country..... *NM*
06/08/2011 06:12:39 AM
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you, it was the tea party republicans that caused this
06/08/2011 05:57:16 AM
- 863 Views
As ever your disinterest in facts seems to be central to your posting.
06/08/2011 11:34:20 AM
- 826 Views
Which would be less annoying if so much of Congress didn't suffer from the same delusions.
06/08/2011 03:48:04 PM
- 750 Views
Does Timmy G play sax like his brother Kenny? *NM*
06/08/2011 01:11:17 PM
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Fun fact - I dated in HS Kenny G's niece.....
06/08/2011 03:13:52 PM
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S&P specifically cited GOP refusal to raise taxes among their reasons.
06/08/2011 03:10:22 PM
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Of course one could just read the actual S&P report
06/08/2011 04:01:07 PM
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Sure.
06/08/2011 04:53:47 PM
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Right, ABC new's summary of the report is not the report
06/08/2011 07:02:46 PM
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Link works, but I'm not sure why you think it refutes snoops assessment or mine.
06/08/2011 08:35:10 PM
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It doesn't refute it, it just isn't this simple distillation you're offering
06/08/2011 09:23:33 PM
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It's more than half a sentence; I quoted several paragraphs.
06/08/2011 09:56:31 PM
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Well yes, after I gave you the report, I think I'm pretty obviously refering to before that
06/08/2011 11:02:17 PM
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Before that I was referring to the paragraphs quoted in the ABC report.
07/08/2011 01:21:18 AM
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not really
06/08/2011 10:15:32 PM
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"the mix of spending and revenue measures"
06/08/2011 10:23:06 PM
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So you read the statement that they take no posistion as they take the dem position?
07/08/2011 04:51:58 AM
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I read a "mix" to be a mix.
09/08/2011 12:14:35 AM
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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
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A mix of something and nothing is impossible; one thing is one thing, not a mix.
09/08/2011 04:56:00 PM
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US politicians are too busy fighting over who gets to play the fiddle. *NM*
06/08/2011 05:53:32 PM
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would him resigning really help?
07/08/2011 10:24:00 AM
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not as long as he has the high functioning moron Joe Biden as VP.
08/08/2011 12:34:32 AM
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In reality, its Congress (BOTH parties) AND the President who are to blame.
08/08/2011 01:59:13 AM
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40% is not a small tax increase and a small spending cut
09/08/2011 04:20:28 AM
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Why are people making a deal about the debt ceiling increase?
09/08/2011 03:42:13 PM
- 745 Views
Because, when you get down to it, the debt ceilings very existence was always a political threat.
09/08/2011 05:02:12 PM
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Ultimately, I'm forced to agree completely.
09/08/2011 05:09:19 PM
- 798 Views