The Party of "NO" is Destroying America

Is that a first ? Did Reagan raise the debt ceiling 19 times !!! Bush jr 8 times ( once a year ) ... why the outrage now ... what is the sudden motivation ...

it doesn't appear that way

Because the levels of debt are now hitting critical mass.
If you borrowed a hundred dollars to get you through the end of the month you wouldn't be too worried about it.

But if you borrowed $10,000 every month to get you through and never, ever paid any of it back and just paid the interest each month and continued to spend like a drunken sailor...eventually you would get your debt so high that you would have to say "enough is enough"

And you would have to STOP spending and start paying off the debt.

I think that's where we are at with this country right now. The feds had so much revenue coming in for the last few decades because we have had a relatively long period of pretty good prosperity.

Relatively low unemployment (more taxpayers), and higher salaries (more taxes), and it led to always having a lot of revenue coming in and the politicians got complacent and just kept kicking it down the line.

Now the world economy is in the shitter. Our economy is in bad shape. Unemployment is high.

So the Feds immediately think: "Lets raise taxes and get more revenue and that way we don't have to face this debt. We can just keep paying the interest and do deficit spending"

But a LOT of people are saying: "Oh hell no!"

We are getting the shaft while they are still living it up in Washington.

Personally? I'm pissed that I would have to pay one more penny in tax for this bullshit. BUT...if they STOPPED SPENDING right now (and I would say that a LAW is required to stop them) and actually got serious about this...then yes, I would feel it was my civic duty to pay a little more in.

But that won't happen.

What is going to happen is that they will all make a big deal out of how they are "fighting" with each other. Then the Republicans will ok the debt ceiling being raised and the Dems will "give" a 4 trillion budget reduction over TEN YEARS (which is only 400 billion a year...they spend almost that much in a month).

Then both sides will proclaim victory and make all their constituents happy so they can get re-elected.

The news media will talk about how much the U.S. citizens just want our govt. to "compromise" with each other and "get things done" and then move on to the next big story that is designed to keep us distracted.

Then the Republicans and Dems will have beers together and laugh at how they fooled us once again. And we will still be in debt to our eyeballs and the can will get kicked down the road again.

.. or get a second job .. to increase your revenues while cutting unnecessary spending ( still spending for the basic needs .,.. ) .

We had hard times in business .. I myself adjusted my model ( getting OUT of adult hosting which generated very low level of profit with a very risky exposure .. ) , then increased my revenues by adding services , diversifying in other fields AND being carefull with expenditures, always asking myself : do I really need it .. !

I am doing fine, managed to put aside roughly 350K ( 135K banked at 4.5% average with the Quebec Gov till 2018, another 110K with the National Bank ( 4.2% but expiring next year , and a balance of 100K invested in real estate ( a duplex rental ) ....


But If I had said, I cut my credit, I do not pay my bills, I stop paying for basics, well you would not see this post

Without a balance budget amendment, how can you guarantee that congress will follow Obama's plan or anyone's plan 5, 7, 10 years from now? They are not legally bound to follow his or anyone elses plan. They have a vote on the budget every year, unless you are Pelosi. You can't guarantee it. And the fact is that the government will spend more money then they project.

plenty of info out there showing that this debt ceiling song & dance is political posturing for the upcoming elections 18 months from now. that's why it's all the sudden a big issue.

edit fuck it wrong link

Yep. But they refuse to cut unnecessary spending of any sort.

When any spending cuts are brought up they say: "Well that's only 1% of the budget, blah-blah-blah"

What they don't say is...And yes, if we cut that 1% and this other spending bill that is 0.3%, and this other one that is 2% and so on...we would actually STOP SPENDING on stupid shit. lol

They just won't. All you have to do is turn the news on and see them lobbing missiles in Libya. Or trying to prosecute Roger Clemmons for "lying" to Congress about steroid use (another great example of wasting money), or the thousands of bullshit pork spending bills and ludicrous "research" grants.

The list goes on and on.

Yeah, it would be nice to build a library in Bumfuck. Or do a study on monkeys fucking each other in the ass...IF we weren't in debt.

And that's the rub.
They just refuse to stop spending even on the stupid shit. It's always an excuse so they can keep the federal gravy train flowing in their home states so they can get re-elected.

I laugh .. but it is so true ...

In the NASA shutdown thread, most Americans were saying it is stupid to cut that, it is less then 1% ... ( just like you said ) ...

A penny saved ....

it's not even near as easy as you suggest. i can cite plenty of research showing the value nasa provided back to the country and individual states over its history. moreover, one can add up every single line item on the budget and they all add up to ~10% of the budget


cut every *stupid* program you and robbie agree is stupid and you still have >90% of the bills left.

I am color blind ...

well played.

Read the two santa clauses and all will be clear. Do a search

It's much better when it's reserved for the hot tub.

After ww2 the debt was 120 percent of gdp
Here is a good read.http://populareconomicsweekly.blogsp...et-debate.html