-------------- Actually my wife is especially happy when my google check arrives each month. Thanks to douchbags like you, I get paid just for getting you worked up. -Liberal
So on one side you have the mouthpiece of the Democrats and Liberals (MSNBC) saying that the Prez is winning this battle and on the other hand you have the mouthpiece of the Republicans saying that they are going to keep on keeping on.
The funny thing about this entire mess is that both party's are playing political games with this debt ceiling battle. The Democratic majority failed to pass a budget prior to the elections in November and now this country has basically been playing with the checkbook but not keeping it up to date.
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“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure,” he said on March 16, 2006. “Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership . Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit.”
Care to guess who is quoted above?
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-------------- I've upped my standards so....UP YOURS !!!
My deepest feeling about politicians is that they are dangerous lunatics to be avoided when possible and carefully humored; people, above all, to whom one must never tell the truth. (W. H. Auden)
-------------- Actually my wife is especially happy when my google check arrives each month. Thanks to douchbags like you, I get paid just for getting you worked up. -Liberal
(May 31,2011) Republican Ways and Means Committee Chairman Dave Camp urged members of his party to vote "no" on the bill, and they all did. "Today we are making clear that Republicans will not accept an increase in our nation's debt limit without substantial spending cuts and real budgetary reforms," he said.
Sounds like Republicans were holding the future of the United States hostage..
So if the Dems HAD passed a budget BEFORE the beginning of the fiscal year (you know by the end of LAST September) do you think this would even be going on?
Yes the Republicans are also playing their political game but in the end the Dems had a MAJORITY in both the House and Senate and could have gotten a budget done that would have been to their advantage but they failed to do so. To busy rather then doing what they should have been doing.
Oh and Mad Mutt you are indeed correct it was the golfer in chief.
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-------------- I've upped my standards so....UP YOURS !!!
My deepest feeling about politicians is that they are dangerous lunatics to be avoided when possible and carefully humored; people, above all, to whom one must never tell the truth. (W. H. Auden)
This has nothing and I mean NOTHING to do with budget negotiations.. This is about raising the debt limit, ONLY.. Raise the debt limit or go into a Depression..
The World Currency is the US Dollar.. Think about it..
The debt limit absolutely has everything to do with budgets. It is past budgets the requires the limit to be raised when TOO much money is being spent vs incoming revenue.
Democrats dragged their feet in the quagmire and never passed a budget, and now they are whining.
While it is true Congress has never before refused to raise the debt ceiling, it has frequently taken its sweet time to do so. In 1985, Congress waited nearly three months after the debt limit was reached before authorizing a permanent increase. In 1995, 4 1/2 months passed between hitting the ceiling and congressional action. And in 2002, Congress delayed raising the debt ceiling for three months. In each case, the U.S. and the economy survived.
If Congress refuses to raise the debt ceiling, the federal government will still have more than enough money to fully service our debt. Next year, about 7 percent of all projected federal government expenditures will go to interest on our debt. Tax revenue is projected to cover at least 70 percent of all government expenditures. So, under any circumstances, there will be plenty of money to pay our creditors.
Moreover, as the Congressional Research Service has noted, the Treasury secretary himself has the discretion to decide which bills to pay first in the event that a cash flow shortage occurs. Thus, it is he who would have to consciously, and needlessly, choose to default on our debt if the debt ceiling is not promptly raised upon reaching it. It takes a lot of chutzpah to preemptively blame congressional Republicans for a default only he could cause.
Federal revenues will reach $2.17 trillion this fiscal year. Interest payments on the nation’s debt are estimated to be $205 billion this year, or about 10 percent of revenues. Taking that payment off the top, as Mr. Toomey’s plan would, leaves $1.9 trillion for Congress to spend.
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Sen. Toomey (along with Senator David Vitter) proposed the Full Faith and Credit Act, which would require Treasury to prioritize the payment of interest to America’s creditors — a demonstration of seriousness that we will not default.
That’s enough to pay for Social Security ($741 billion), Medicare ($488 billion), and Medicaid ($276 billion), with $395 billion left for other programs.
There is not enough money to pay for the Leviathan the obama Left insists we must have (and to which we have been led by the years of out-of-control spending by both parties that President Obama has wildly intensified). This impasse will saddle us with another $1.7 trillion deficit for this year … adding to the already accumulated trillions of debt
-------------- *SIC SEMPER TYRANNIS / MOLON LABE / Se Defendendo memoria of cado frater ,Semper fidelis *The object of war is NOT to DIE for YOUR Country, but to make the OTHER BASTARD DIE for HIS...Patton My Constitutional Rights trump your dead.
