A Republican Speaks To The Debt Limit

[unregistered]

 

[unregistered]

 

[rosco rathbone]

I'm sure this is what Alexander Hamilton had in mind.

 

[contrifan32]

I thought for sure this would definitely increase the volume in the Lit socialist hive.

I tried too... a different tact but still to no avail.

 

[richard_daily]

I'm just posting to show that I care.

 

[rosco rathbone]

Why America Had A 90% Income Tax

 

[unregistered]

 

[rosco rathbone]

As an American I find that kind of taxation repugnant to the founding principles of the country, including equal protection under the law.

No surprises there, but Hudson has some good points.

 

[richard_daily]

No surprises there, but Hudson has some good points.

I wonder how he watched a 13 minute video and formed an opinion on it, in 5 minutes.

 

[Luk]

I wonder how he watched a 13 minute video and formed an opinion on it, in 5 minutes.

He once told me he was a speed reader. In reality, he's just a fucking liar.

 

[rosco rathbone]

I wonder how he watched a 13 minute video and formed an opinion on it, in 5 minutes.

.....

 

[unregistered]

 

[unregistered]

 

[Luk]

In reality, you are an irrelevant turd.

At least I'm not a cowardly liar. You are the thing you despise the most. Must suck to live with yourself.

 

[richard_daily]

At least I'm not a cowardly liar. You are the thing you despise the most. Must suck to live with yourself.

There's no one else that will live with him.

He has to rely on the glory hole for company at night.

 

[jeninflorida]

I'm just posting to show that I care.

and to show your support for obama? that we must create more, debt! right?

 

[unregistered]

 

[coastal-boy]

Here is the quote that stupid people will latch on:

"If we do not raise it, the government's tax revenue will enable us to fund roughly two-thirds of projected expenditures, including interest payments. "

The option offered will do this: "Without the ability to borrow the other third, spending cuts would be sudden and severe: Projects would be postponed, some vendor payments would be delayed, certain programs would be suspended, and many government employees might be furloughed. Default would easily be avoided, but these cuts would certainly be disruptive."

And exactly HOW MUCH WILL THIS PROPOSAL REDUCE THE PRINCIPAL OF THE LOANS? So this "plan", pays the interest off, doesn't reduce the principal, and 1/3 of all Govt spending must stop immediately. What a fucking brilliant plan Einstein

 

[rosco rathbone]

Here is the quote that stupid people will latch on:

"If we do not raise it, the government's tax revenue will enable us to fund roughly two-thirds of projected expenditures, including interest payments. "

The option offered will do this: "Without the ability to borrow the other third, spending cuts would be sudden and severe: Projects would be postponed, some vendor payments would be delayed, certain programs would be suspended, and many government employees might be furloughed. Default would easily be avoided, but these cuts would certainly be disruptive."

And exactly HOW MUCH WILL THIS PROPOSAL REDUCE THE PRINCIPAL OF THE LOANS? So this "plan", pays the interest off, doesn't reduce the principal, and 1/3 of all Govt spending must stop immediately. What a fucking brilliant plan Einstein

Feature, not a bug. The bondholding class is making a killing sucking the taxpayer dry.

 

[unregistered]

 

[coastal-boy]

Once drastic cuts are made, and they do need to be made, there is no solution without them, more revenue can be directed at the principle.

yep...at the cost of cutting 1/3 of the federal govt. Wonder what "jobs' those people will have available to them when they all get their pinks. Wonder what companies will sell to the govt given the chance their payment will be "delayed". What " more revenue" will there be? Where will this miraculous new money come from given the liklihood of flooding the unemployment ranks? (By the way...that is an expenditure...are you saying it is OK to default on that?)

You don't want to raise taxes, you support fighing two wars that will never be won, and your solution is to only cut the Govt, which will only increase the unemployment and slow the economy. Try again please.

 

[JAMESBJOHNSON]

Dear Reader,

These naive people assume the economy can be redeemed; it cant.

We're in the lower the lifeboats phase. Obama/Bush saved the elites (filled the banks with cash for them to withdraw to buy gold...inflated the stock market so the elites could sell shares to the government); then Obama went to work to save bureaucrats and public employee unions. Your part is to help build the lifeboats with your pension money and social security dollars, but you dont get to leave the ship.

 

[koalabear]

I see no problem, the stock market is doing great.

 

[rosco rathbone]

I see no problem, the stock market is doing great.

I know, I'm making money hand over fist and wondering how long it can last.

 

[koalabear]

I know, I'm making money hand over fist and wondering how long it can last.

Hopefully till you pay your taxes.