Immovable?
The GOP gave them the ceiling rise last time.
Why won’t they give it to them this time?
There is no debt limit, they will just do away with that once and for all
Here we go. The deficit needs to be dealt with in the face of an electorate that just voted for a Nanny State president. Also, the 617 billion dollars taken out of medicare was not a phony political line. That really does happen under Obamacare. I’m not sure how this plays out for the nanny state crowd, either.
Finally, on a less imimnet problem, we have got to do immigration reform. Hispanivs would naturally fit into a GOP coalition so, that issue has got to be dealt with soon. We need their votes. I’m not talking about amnesty. I’m talking about real immigration reform (enforcible border policy, guest worker program...you know real reform). This is popular with the public and needs to be resolved immediately.
US debt: take a penny, double it every year, how long before....?
What immovable wall? The Repubs will happily approve another extension.
Design $1 trillion bills with Obama`s face on the front and fire up the printing presses.
Most federal revenues come from individual taxpayers. Personal income taxes are the largest portion of total tax revenues. Social Security and Medicare payroll taxes are the second-largest source.
PERCENTAGE OF TOTAL FEDERAL REVENUE (2011)
Source: Congressional Budget Office.
Total Revenue: $2.3 Trillion (2011) $2.469 trillion (2012)
Social Security $819 Billion(2011) $841 billion (2012) (Running at a deficit)
Net = $1,481 Billion (2011) $1,628 Billion (2012)
$1,481 B Net Revenue / $16,200 B debt = 9.14%
$1,628 B Net Revenue / $16,600 B debt = 10%
It is not possible to cut spending and raise taxes combined to balance the budget. The head in the sand approach will not work. If they try to inflate away the debt, the interest alone will exceed our total revenue.
Faster than I hear anyone saying on FR this morning!!
The U.S. Credit Rating will be downgraded again before the end of this year! Soon after that, the U.S., for the first time ever, is going to NOT BE ABLE TO BORROW MONEY! Then, tens of millions of the little socialists/marxists Free Government Credit Cards start getting rejected in the check out line! Then, just like Greece, millions of them hit the streets and RIOT because they and their families are hungry and the BASIC economic laws have bit them in the ass and they are madder than hell and too stupid to look in the mirror. It’s somewhere around that point that all you freepers counseling against revoloution are going to find that you have to, as Nicholson said, “pick up a weapon and man the wall to protect yourself and your family”. The “Revoloution” will start from the left, not the right, of the U.S. political fulcrum and then it will COME TO YOU whether you like it or not. AND, it IS coming as sure as the sun comes up as very soon, when the FREE government plastic money starts being rejected in check out lines, the liberals will print money and distribute it a million times faster than they already are and Super, Uber, Mega Inflation now descends upon all of us. At that point, it will take a wheelbarrow of dollars to buy a dozen eggs kinda sorta like South American countries discovered years back! Then, Obama’s Free Cell Phone minions are gonna come to your neighborhood whether you like it or not and they will kill you if they have to to get what you have! Time to start picking out your spot on the wall.
The only question this morning is WHEN is it ALL going to “hit the fan”? Somebody once famously said “when the citizens of a democracy find out they can vote themselves money from the government trough, democracy is dead”. The so called “American People”, for the first time, unmistakably pronounced themselves Socialists last night. Hello Greece! Goodby USA as clearly The United States of America can no longer maintain to the the Universe at large that it is “United”. Half of us want a Free Government Cell phone and Half of us still want to earn it....it’s as simple as THAT.
On the tax increases: Let everyone's taxes go up.
On the defense cuts: Pull military back and let the world burn.
On the debt ceiling: No deal. Default.
If the Obama serfs want to run through their little socialist wheat field, let's set it on fire.
Good! Then the obama worshiping bastards can starve to death.
Buy Gold and Silver. Do not stay in any fiat currency.
“immovable wall? “
What wall? A wall suggests strength and the GOP has no strength. They’ll cave and give Zero whatever ‘limit’ he wants.