The Party of "NO" is Destroying America

Bingo. This is the root problem with people who spend their careers in "public service". There is no conception of budgeting, just an assumption that money must be spent if there is a need. The mentality is identical to a trust fund child who buys an 80 million dollar home at 22 years old.

no. its more like you cant keep your bills in line with the amount of money your taking in. Your making the tacit assumption that all the spending is like building the highway system. Not when the pentagon spends 100 billion on missile defense that doesnt work & a million other examples of pork.

The tax code has been skewed where the rich pay less % then the middle class. That is the governments fault given it is hopelessly corrupted by lobby money.

But that unfairness is unrelated to the far out of control spending by wealthy entitled congressmen with no conception of constraint.

the behavior of both parties are like drug addicts that wont hit bottom. Repubs are absolute that taxes cannot go up, & dems are just as absolute that $100 billion a month more then takin in must be spent.

I support the default. Its necessary that these congressmen wake the fuck up out of their dreamland & recognize both sides cant have it their way. It took a stock market crash to pass the bailout, & it will take another one to get congress to get its house in order.

The irony is that default will make the government budget even worse, with higher interest rates on the debt & more demands for unemployment compensation when business starts another round of layoffs.

Let it fucking crash. Fuck em...

Seriously?

http://www.businessweek.com/magazine...4045265660.htm

"For the 400 U.S. taxpayers with the highest adjusted gross income, the effective federal income tax rate?what they actually pay?fell from almost 30 percent in 1995 to just under 17 percent in 2007, according to the IRS. And for the approximately 1.4 million people who make up the top 1 percent of taxpayers, the effective federal income tax rate dropped from 29 percent to 23 percent in 2008. It may seem too fantastic to be true, but the top 400 end up paying a lower rate than the next 1,399,600 or so."

Tony, funding the internet is fine when you aren't in debt.

Eisenhower built the interstate system to be able to move large military vehicles across the country. And as I recall, Pres. Clinton raised the national tax on gasoline back in the 1990's to supposedly fund our highways.

My point is...that the President and Senate and House are STILL SPENDING MORE each year! They aren't even slowing down. Well wait... the GROWTH of spending is what they are fighting about slowing ever so slightly.

This isn't a Dem vs. Repub fight.

It's just this simple: As soon as they raise the debt ceiling they will spend that money.

IF they were to raise all of our taxes they will SPEND that money. They won't use it to actually pay off the debt. Oh no. They will find shit to SPEND it on.

Tony, my opinion is this: They need to STOP SPENDING. And then once it is law that they can NOT spend any more money...then they need to figure out how much extra revenue to bring in and focus all of it on nothing BUT paying the debt off once and for all.

Politicians are going to spend every dollar they get...and then as I just showed you about August coming up (174 in, 303 out) they will borrow twice as much and keep spending.

It's total insanity. And politicians trying to shame me because I need to GIVE them more of my money? Bullshit. They won't STOP SPENDING. It's just crazy.

If you or I tried that it would never work. We'd probably be in prison. Which is where ALL of those scoundrels in Washington D.C. deserve to be.

damn good point

I love when someone has the excuse, well tommy did it, why can't I? Make them sound like a bitchy llittle 4th grader. It's not about the past, it's about whats the right thing to do now!
Dimwits call excuses, thinkers deal with the present and how it reflects the future, guess where you are placed?

Obama has been blaming the GOP for his bad leadership for 2 1/2 years, how many people are getting tired of his whinning?

I haven't quoted this since the first page. So let's see what Senator Barrack Obama said when Bush was President and Obama voted "NO" on raising the debt ceiling:

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. 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."
- Barrck Obama 2006

I don't know about y'all....but that SENATOR Barrack Obama was a pretty smart guy. That's why I voted for him.

But this new guy? President Barrack Obama?

He's just another politician playing the power game while we all argue like idiots about who is "liberal" and who is "conservative" when none of that matters.

Money is the name of the game. Everything else is just distraction for the masses.

Why not, for the time being, raise the debt ceiling just enough to stay current on the debt and maintain all other spending at current levels.

And not one penny more.

Were the government to do so, they would effectively tie their own hands thereby preventing them from doing any spending increases.

Far from a perfect solution, but better than destroying what's left of the economy by defaulting.

Agreed. IF they would not spend the money. But they will blow every penny of it and keep on spending more than they are bringing in.

I THINK that is what the Republicans are trying to do here. Call the bluff and push it to the limit to try and get spending reduced right before they end up voting "yes".

Of course it's all just a ploy to get votes in the next election because they know that the majority of people in this country are horrified by all this "deficit spending" bullshit.

Republicans or Democrats. In the end, ALL they care about is THEIR money and THEIR power.

I'm hoping that this so-called "Party Of No" wins this battle. Just like I had hoped that when it was the Dems who were the "Party Of No" during the Bush years that they would win.

The best we can hope for is that some of them will do the right thing for the wrong reasons (scared to lose their senate or house seat in the next election).

Raising the debt ceiling will not give more money to spend to politicians ... That money is already commited ( owed ) and will need to be disbursed.
This process is archaic and only the USA has this type of system.

Expenditures happen in the budget , or like with Bush, in non-funded wars, stimulus or tax cuts.

That is very simplistic ...

Some variables have influence on the budget, for revenues as for expenses ...

For revenues, high unemployment, failed businesses, personnal bankruptcies lower the income.

For expenses, again high unemployment , un-forecasted wars ( though the USA should have a yearly war budget .. ) , natural disaters influebnce those.

Now, you seem to think that is is just like a credit card : thery raise my limit, so I can go and spend more money till I reach again the limit ... it isn`t.

It is more like a bank account with a credit line ... if you ever had that .. you draw on your credit line ... expecting an income to deposit ( like the end to the Bush tax cuts ) .. but it does not come .. so you have those checks in circulation ( already received the services/merchandised ) and they must be covered ... Once they clear, you have no more margin ; you caped it ...

This means you can only pay out the same amount that comes in , leaving alot of expenditures in default ( such as SS ) I understand the teapublicans want that , but you cannot stop a cruiseliner ship in the ocean on a dime ....

I don't think either party really cares about what's good for the country.

All any of them care about is getting re-elected and then spending money that doesn't belong to them.

Right now the Republicans are just doing what the majority of people want. Nobody with any common sense thinks it's right to spend that much money and be in this much debt.
So they are going with what will get them elected and whatever makes the President look bad.

Exactly what the Dems did when Bush was President. Whatever issue of the day there is that they can use to get votes they will seize upon it.