Holy *&%^.

[Caralho]

The idea that the Treasury has to default on Thursday morning is pure nonsense.

 

There's plenty of money to make the interest payments on the debt. The problem is, one party wants to continue to grow our debt until kingdom come. It has to stop at some point very soon, or this nation is finished.

 

Japan has over twice the debt of GDP that America does and none of this bullshit is happening there so no you are wrong.

[Caralho]

So now some reporters on Twitter are saying that conservatives want to replace repeal of the medical device tax with an individual mandate delay. Back to square one.

[Jay]

Obama in 2006:

 

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.

[Caralho]

Oh that quote again. Debt ceiling increases were always used as political punching bags but no policy was ever changed because of it. In 2006, debt limit was passed 52-48, if Democrats actually wanted to block it they would have filibustered. So no that quote from Obama doesn't mean anything.

[Spirit]

Obama in 2006:

 

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.

 

Oh come on.  He didn't really mean it!  

 

You can tell he didn't mean it because he was talking.

[Jay]

Oh that quote again. Debt ceiling increases were always used as political punching bags but no policy was ever changed because of it. In 2006, debt limit was passed 52-48, if Democrats actually wanted to block it they would have filibustered. So no that quote from Obama doesn't mean anything.

 

Said the Obama fanboy

[Caralho]

Said the guy with zero clue.

[Tank]

If anyone needs me, I'll be at Smart and Final loading up on white polos for my sexy buddy Tank.

 

thanks, i think.

 

 

 

 

call me.

[Amazing Larry]

[Jay]

In any case, nobody is believing the administration's Armageddon predictions, they've played that card too many times already.

[mtangelsfan]

There is a really, really big gap between armageddon and nothing bad happening. 

[Jay]

You're right they might have to shut down the Congressional Gymnasium.

[acro2008]

I'm not smart enough to write a descriptive, detailed reason as to why I feel like the Rs and Ds are conspiring on this whole deal, but the older I get, the bigger celebrities these douchebags become, the more cynical I find myself. 

 

ACRO! Come out, come out wherever you are!

 

Still here Adam.  I guess I stopped giving a Sh@t.  Screw it, now I just use Tarot cards and astrology for answers.

[Caralho]

http://www.businessinsider.com/why-congress-cant-deal-on-the-debt-ceiling-and-shutdown-2013-10

[fan_since79]

Some more reflections from Obama on the budget and the debt:

 

 

First, we learned that the federal budget deficit could reach nearly half a trillion dollars next year. Eight years after we had a record surplus, we’re now faced with record deficits. This mortgaging of our children’s future is a direct result of the Bush Administration’s dangerously failed fiscal policies. — 8/9/08 Democratic Radio Address

 

And, you know, frankly, the last eight years what we’ve seen is moving in reverse. We’ve been moving in reverse. When Bill Clinton was president, the average family income went up $7,500; $7,500. Since George Bush has been president, you know what it’s done? It’s gone down $2,000. Think about that. That’s a $9,500 swing; $9,500. That’s money out of your pocket. That’s money going out of this country because we’re borrowing it from China to send to Saudi Arabia to buy oil. That’s what’s added $4 trillion to our deficit. I mean, think about that. You know, so we’ve created a mountain of debt for the next generation that they’re going to have to pay off. This little guy, he’s not too worried about it right now, but, you know, we’ve created $30,000 worth of debt for every man, woman and child in America. That’s going to have to be paid back. — 9/3/08 New Philadelphia, Ohio

 

We can’t mortgage our children’s future on a mountain of debt. I look at all these young people here today, and I say to myself, the notion that we are loading up more and more debt on a war in Iraq that I believe should have never been authorized and should never been waged — (cheers, applause) — on tax cuts for multi-billion dollar corporations and some of the wealthiest Americans, that is not a good investment in the future. We can’t run up a credit card, have a party and leave our children to pay the bill. It is time — it is time to put an end to the runaway spending and the record deficits. It’s not how you would run your family budget, and it must not be how Washington handles your tax dollars. It’s time to return to fiscal responsibility and pay-as-you-go budgeting, the kind of budgeting we had in the 1990s. You’ll remember Bill Clinton left a surplus — (cheers, applause) — to George W. Bush. — 10/1/08 La Crosse, Wisconsin

 

We can’t afford another four years of the kind of deficits we’ve been seeing over the last eight. Young people, you are going to have to pay for this debt we’re piling up. We can’t afford to mortgage our children’s future on another mountain of debt. — 10/2/08 East Lansing, Michigan

 

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic. — Independence Day, 2008, Fargo, North Dakota

 

 

#44 has added $7 trillion all by his lonesome. Where's the outrage?

 

 

 

[mtangelsfan]

You're right they might have to shut down the Congressional Gymnasium.

 

How about the market drops about 4 or 5 thousand points and people can't retire?  How about it shakes a bunch of markets around the world?

 

I guess it's cool to be so cavalier, but I wouldn't be so eager to believe the guys telling you it's not going to be a big deal. 

[fan_since79]

By the way, Harry Reid hasn't submitted a budget in over five years. Just a little detail nobody ever talks about.

[Caralho]

False again, the Senate passed a budget in April and House Republicans have refused over 20 times to go to conference.

[Schildog]

fan since 79 is playing a brilliant match here.

[Caralho]

I guess the House is planning a vote tonight which Heritage Foundation has already said they will score, so another failure.

[Amazing Larry]

It's all kabuki theater. We might as well take our medicine now before it gets any worse.

[fan_since79]

False again, the Senate passed a budget in April and House Republicans have refused over 20 times to go to conference.

 

A faux budget which included a massive tax hike, that was designed to go nowhere.

Edited October 15, 2013 by fan_since79

[fan_since79]

It's all kabuki theater. We might as well take our medicine now before it gets any worse.

 

I'm taking some cash out of the bank and stocking up on water and non-perishables. This could really get ugly in a hurry.

[Spirit]

According to Politifact it's only been 3 years, not 5.

 

http://www.politifact.com/tennessee/statements/2012/sep/28/bob-corker/bob-corker-says-senate-has-not-passed-budget-more-/

[Angel Oracle]

It's all kabuki theater. We might as well take our medicine now before it gets any worse.

Send in pro wrestling's Great Kabuki to level Congress!