Don't fall for it. It's a Beer TARP!
Posted on 07/15/2011 10:44:38 PM PDT by neverdem
I think you're right, but remember -- the Republicans have to be made to take the blame. Obozo has to give his MSM cadres something to work with, a peg they can use to hang the blame on the conservatives -- better, the Tea Party, which you'll notice that this scribblerette is setting up in her contemptuous piece to be her fall guys.
Don't fall for it. It's a Beer TARP!
It isn't a matter of getting more solvent by going deeper in debt, it is a question of where the tunel will end. More money without spending constraints is foolish, too.
Let's see some significant cuts in the Federal budget, not just the scare tactics of going after the elderly and essential services.
What happened to all those "nonessential Federal employees" who don't have to show up when there is a snowstorm. If they are "nonessential", why are we paying them?
That'd be a good place to start.
Every few years it seems the oil patch goes through a 'bust', it has made for lean corporate heirarchies, merit based advancement, and a trimming of the nonproductive from payrols.
It's government's turn. They've been growing since the Civil War.
I see no compelling reason to raise the debt ceiling, and I’m OK if SS checks don’t get mailed and/or bonds don’t get paid.
Frankly, the apocolypse card has been over-played. Now I’m immune to it.
The whole idea of the debt ceiling was to warn the various Congress Critters and, more importantly, their staffs that they were spending too much. But, the moment that the debt ceiling was first raised, as a “temporary” fix so the government could continue to govern the whole idea went into the crapper.
Now, “We, the People” have said enough! If we have to balance our books so do you Congress!
Remember the big stink a few years back about Congress exempting itself from a lot of regulations, laws, and taxes that the rest of us had to follow? The debt ceiling issue is exactly the same thing only written much larger.
It is long past time to throw every long serving, “professional”, politician out. And when they complain out the “need” to stay in power remember what their staying in power has brought us!
Re post 9. Correct, there will not be a default on Aug 2 or Aug 3 or any other day in August. They have the money to pay the interest.
Tea Party freshmen and their supporters hold this establishment in contempt. Implicitly invoking TARP, as Pelosi did when she mentioned a stock-market crash, won’t scare them; it will only embolden them.
Contempt, Hmmmm, Yes possibly I hold this establishment in contempt. Mostly though I fear them, I fear that they will continue to make decisions that apparently are aimed at destroying the America I love and turning it into a third world pest-pot.
As a youngster my father was in the Military and my mom and the rest of the kids were lucky enough to be able to accompany him on some of his tours to foreign countries. What I saw and learned from living there has given me a love and an appreciation for America that many of our ‘elites’ obviously don’t have.
That is why I fear this establishment. They are trying to destroy what I love. In turn that makes me support the TEA-Party freshmen in their attempts to stop the destruction. It’s long past time to rein in an unchecked federal Government all three branches have increased their power to the point where they are the De-facto masters and the rest of us... Well they must think we are their servants, serfs and property. At least they treat us that way.
Paulsen was wrong. Raising the debt ceiling is also wrong. Just live with the consequences.
Nazi Pelosi - a voice worth ignoring.
Troubled Asset Relief Program. Stocks plunged 778 points.
Democrats are talking about another stimulus deal,yeah thats clear thinking.Dems are stuck on stupid socialism never pays off.
Yes, but as you know, Washington is controlled by Democraps and RINOcraps. Which means that the first department they'd close is the DoD.
“If companies are going to fail, let them fail and let their competitors fill the vacuum.”
Damn straight. That is part of free market, which we don’t have. Instead, these large companies know they will be backed by Washington, and they behave as such.
Their managers are more concerned about stock holders than they are about maintaining a company with longevity, and that is what has helped kill America. Many of these companies stifle competition by promoting regulations that only they can afford to navigate, they buy up the competition and close the doors on them, and they behave like robber barons, all with the approval of Washington.
GM should have went under. A reset button if you will. Sorry, but yes there would have been job losses, but some small company would have risen up, and created a better product, at a better price, and would have learned from the mistakes of GM.
Instead, we reward bad behavior, and bad business practices, just as we reward bad lifestyle with the welfare state.
I am all for business, but I am for free markets, I am for the ingenuity of Americans that made this country great, not for cronyism and protectionism.
Let the market tumble 5,000 points, I don’t care. Better to swallow that pill now. Instead we keep inflating the market falsely, which only serves to put off the inevitable.
I personally don’t give a damn about insuring the success of the markets. If you buy into a bad product expecting good returns on your investment, then you should suffer those consequences.
The same with the housing market. These artificially created bubbles are going to be the end of this nation.
Is it “the blame” or “the credit”. Republicans should be willing to take the credit for stopping the runaway train.
They subvert the nation economically, morally and militarily.
They Lie, Steal and Subject. All Commies do that, because they can only gain and keep power by that.
Need anything else be said as to why we don't trust the GOP-E?
Best to take our medicine now and start the real recovery than to kick the can down the road and make the final comeuppance even worse.
We are witnessing the implosion of the welfare state. The Dems want to keep it going for a little while longer by increasing taxes and doubling down on their spending. It is like trying to hold back the tide. The entitlement programs will consume our entire budget if we don’t reform or eliminate them. And unless we unshackle the private sector, we will continue our spiral downwards marked by paroxysms of civil unrest and eventual Balkanization along class, race, and ethnic lines. We are in a battle for national survival to maintain the vision and values of our Founders.
WE don’t have 10 years. Maybe 12 mos.
Not going further into debt, despite the offer of more and more credit, should make the U.S. economy stronger and the likelihood of a default less.
Unless I woke up in Bizarro World, where everything is opposite.
If someone owed you 10,000$ - and a look at their finances showed that they continued to spend themselves further and further into debt - would a move on their part to live within their means and no longer go further into debt make you feel MORE or LESS likely to eventually get paid back?
???????
And whatever happens, do not cut spending. We must not even talk about it.
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