U.S. eats up most of debt limit in one day

[QUOTE="chessmaster1989"]

[QUOTE="QuistisTrepe_"]

No seriously, how do you account for that if it was supposedly all the Republicans' fault?

QuistisTrepe_

Oh look, and now you're putting words in my mouth. I never said nor do I think it's "all the Republicans' fault," merely that polls suggest that Americans think taxes should have been part of the deficit reduction.

More to the point, policy and politicians are different. You were attempting to compare a policy to a politician, as opposed to a policy to a policy.

Ok, and thanks for clarifying. But that poll suggesting a preference for tax increases screams of short-sightedness and panic from the half of America that doesn't pay federal income tax.

Canada isn't so funny now, is it Americans? *Evil Laugh* lonewolf604

Canadians have always been superior to the USA :o

[QUOTE="QuistisTrepe_"]

[QUOTE="chessmaster1989"]

Oh look, and now you're putting words in my mouth. I never said nor do I think it's "all the Republicans' fault," merely that polls suggest that Americans think taxes should have been part of the deficit reduction.

More to the point, policy and politicians are different. You were attempting to compare a policy to a politician, as opposed to a policy to a policy.

chessmaster1989

Ok, and thanks for clarifying. But that poll suggesting a preference for tax increases screams of short-sightedness and panic from the half of America that doesn't pay federal income tax.

Not to mention that half those AMericans are working on stagnating wages for years.. The mean wage for the average american has hardly changed through the decades in value.. YET prices have been.. In fact the sharpest increase in wages we have seen have been with the top elite.. I would argue those taxes are already being paid, because they have been screwed on their wages for decades now.

i think we all need a ncie ehalthy dose of alex jones at this point in time..

http://www.youtube.com/user/TheAlexJonesChannel#p/u/13/MG2piYf_w2U

Were doomed.............

How long before people will finally have it with our government, and march up in mass and recall just about every congress member we elected?

Or just resign from the states, and eventully cause a new civil war.....

But i still have some hope this will all get fix soon.....some Little tiny bit of hope.....LOL

I don't live in the US, so I have no idea what this is. Someone please explain.

[QUOTE="CaveJohnson1"]

We need to cut programs and raise taxes now.

taj7575

*High Five*

I couldn't have summarized it any better. But the dems aren't going to cut programs, and the GOP won't raise taxes.

[QUOTE="taj7575"]

[QUOTE="CaveJohnson1"]

We need to cut programs and raise taxes now.

Mozelleple112

*High Five*

I couldn't have summarized it any better. But the dems aren't going to cut programs, and the GOP won't raise taxes.

Sadly, no :P. I was refering to the "Gland Old Party", AKA the Republicans.

[QUOTE="mattbbpl"]Wasn't this expected? I thought we've been doing tricks like borrowing from pensions and other funds for several months to extend the deadline. Is this not predominantly the money needed to restock those funds?stanleycup98

Projected being the optimum word, easily translated to buggered if we know what the debt will be in 2022

EmpCom

I couldn't have put it better myself. Not single one of these projections has ever been accurate.

There will be no debt relief until the warfare-police-corporate welfare state is shutdown. Everything else is just politics.

This whole debt thing is ridiculous. There is no way in hell we can pay back 14 trillion+ dollars. So why even bother? katana_duo

[QUOTE="katana_duo"]This whole debt thing is ridiculous. There is no way in hell we can pay back 14 trillion+ dollars. So why even bother? comp_atkins

This is a good lesson for the GoP...

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

1. No spending = no new jobs.

2. No new jobs = no new revenue -ALSO- No new taxes = no new revenue.

3. No new revenue = no balance.

The GoP needs to cut the Tea Party Cancer out of their ranks or they, and the country, are screwed.

This is a good lesson for the GoP...

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

1. No spending = no new jobs.

2. No new jobs = no new revenue -ALSO- No new taxes = no new revenue.

3. No new revenue = no balance.

The GoP needs to cut the Tea Party Cancer out of their ranks or they, and the country, is screwed.

Netherscourge

[QUOTE="Netherscourge"]

This is a good lesson for the GoP...

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

1. No spending = no new jobs.

2. No new jobs = no new revenue -ALSO- No new taxes = no new revenue.

3. No new revenue = no balance.

The GoP needs to cut the Tea Party Cancer out of their ranks or they, and the country, is screwed.

EasyStreet

See I can't agree with this at hand, because the Democrats are no better in this regard either.. During the decades, military has only grown.. And the Democratic foreign policy seems to be no better then the Republican policies in most areas..

tea party = tear economy apart party. at least we finally know what they stand for...comp_atkins

I don't get it either.. Isn't the Tea party suppose to be the party of disenfranchised, frustrated Middle and working class people? Yet they directly support the kinds of policies that benefit the super rich and corproations while wanting to cut the programs that benefit them the most.. Its mind boggling..

[QUOTE="EasyStreet"][QUOTE="Netherscourge"]

This is a good lesson for the GoP...

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

1. No spending = no new jobs.

2. No new jobs = no new revenue -ALSO- No new taxes = no new revenue.

3. No new revenue = no balance.

The GoP needs to cut the Tea Party Cancer out of their ranks or they, and the country, is screwed.

sSubZerOo

See I can't agree with this at hand, because the Democrats are no better in this regard either.. During the decades, military has only grown.. And the Democratic foreign policy seems to be no better then the Republican policies in most areas..

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

Netherscourge

That's why you cut spending and leave taxes as is.

[QUOTE="Netherscourge"]

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

QuistisTrepe_

That's why you cut spending and leave taxes as is.

Which is what they did - and why the economy is now worse than it was two weeks ago.

Economy 101. What happen to it?

[QUOTE="QuistisTrepe_"]

[QUOTE="Netherscourge"]

You don't just blindly cut spending unless there is a TAX cushion to slow the fall.

Netherscourge

That's why you cut spending and leave taxes as is.

Which is what they did - and why the economy is now worse than it was two weeks ago.

One clearly had nothing to do with the other. We didn't have any real cuts, we made no credible cuts as recommended by S&P and that's why we were downgraded. Our entitlements are unsustainable, tax increases would never cover them all.

I can tell you guys one thing...I am so sick of the word economy now..I'm actually starting to fear the damn word lol. I remember when I never gave a piss about the economy.katana_duo

You got older and it became your issue.

How does the debt limit affect US citizens?

MacBoomStick

[QUOTE="MacBoomStick"]

How does the debt limit affect US citizens?

67gt500

How does the debt limit affect US citizens?

I know medicine taste bad and all, but why not takea spoonful or two of "raise the taxes" as well as cutting down on the spending? What's the fear?

Why did they raise the debt ceiling in the first place? It's over 14 trillion and has only been going up. They're not doing anything to solve it, so they'll just hit it again. They should declare bankrupt before China attacks.

PS: 14 Trillion is so unbelievably much, never to be paid off.

I know medicine taste bad and all, but why not takea spoonful or two of "raise the taxes" as well as cutting down on the spending? What's the fear?

_R34LiTY_

I know medicine taste bad and all, but why not takea spoonful or two of "raise the taxes" as well as cutting down on the spending? What's the fear?

_R34LiTY_

Raising taxes and lowering spending is = to slowing the economy overall.

Ina pseudo-recessionary period, you don't really want to do that.

Cut Medicare.

Cut Medicaid.

Cut Welfare.

Cut Social Security.

Poor die, old die, poor starve, old starve, disabled people who can't get coverage die.

All that is left is people who can afford their way in life.

The 14.5 trillion deficit in 10 years disapears and the US becomes a creditor nation never borrowing again.

--- From a disabled person who will have no health insurance in 2 years and is using government SSI.

Cut Medicare.

Cut Medicaid.

Cut Welfare.

Cut Social Security.

Poor die, old die, poor starve, old starve, disabled people who can't get coverage die.

All that is left is people who can afford their way in life.

The 14.5 trillion deficit in 10 years disapears and the US becomes a creditor nation never borrowing again.

--- From a disabled person who will have no health insurance in 2 years and is using government SSI.

Buttons1990

[QUOTE="Buttons1990"]

Cut Medicare.

Cut Medicaid.

Cut Welfare.

Cut Social Security.

Poor die, old die, poor starve, old starve, disabled people who can't get coverage die.

All that is left is people who can afford their way in life.

The 14.5 trillion deficit in 10 years disapears and the US becomes a creditor nation never borrowing again.

--- From a disabled person who will have no health insurance in 2 years and is using government SSI.

fastesttruck

http://www.youtube.com/watch?v=F-QA2rkpBSY

Cut Medicare.

Cut Medicaid.

Cut Welfare.

Cut Social Security.

Poor die, old die, poor starve, old starve, disabled people who can't get coverage die.

All that is left is people who can afford their way in life.

The 14.5 trillion deficit in 10 years disapears and the US becomes a creditor nation never borrowing again.

--- From a disabled person who will have no health insurance in 2 years and is using government SSI.

Buttons1990

Let's be fair. Cut the military budget in half and pull all of our forces out of foreign bases. Cut all forgien aid as well.

[QUOTE="fastesttruck"][QUOTE="Buttons1990"]

Cut Medicare.

Cut Medicaid.

Cut Welfare.

Cut Social Security.

Poor die, old die, poor starve, old starve, disabled people who can't get coverage die.

All that is left is people who can afford their way in life.

The 14.5 trillion deficit in 10 years disapears and the US becomes a creditor nation never borrowing again.

--- From a disabled person who will have no health insurance in 2 years and is using government SSI.

Vuurk