Posted on 10/16/2013 6:37:34 AM PDT by Biggirl
WASHINGTON — With economic disaster looming at the stroke of midnight Thursday morning, America was left standing on the precipice after House Republicans suddenly abandoned a vote that would have averted default.
(Excerpt) Read more at nypost.com ...
“Will Obama Stop the Music This November?”
http://www.freerepublic.com/focus/f-bloggers/3076688/posts
After their caterwauling, the worst nightmare for the Socialists and the Fat Cats on Wall St. would be that the debt ceiling would not be raised, and nothing would happen. They have used this bogie man to threaten anyone who dares object to the fact that our Greedy Government has run up a $17 TRILLION debt and $90 TRILLION in unfunded liabilities, which is more than the wealth of the entire globe.
And Fitch is worried about the TEA Party!!! Insane.
I’m glad they averted it. Bring it on....
Where’s the “Oh noes!” meme?
“default” only happens if Obie chooses to default.
Democrats complain about presence of debt clock on Capitol Hill
http://dailycaller.com/2013/02/26/democrats-complain-about-presence-of-debt-clock-on-capitol-hill/#ixzz2M3fq0vz3
Quotes of El Presidente on the Budget, Deficit, Debt and Deficit Ceiling
http://www.freerepublic.com/focus/f-news/3076002/posts
“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. ... I therefore intend to oppose the effort to increase America’s debt limit.” — 3/16/2006 Floor speech in the Senate
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:
Nevermind. OB got it.
he might do it too
The 17th is an arbitrary date...a pick out of a hat....aka...another piece of Dem cr**
Yeah... No. Disaster for the Dems, maybe.
The rest of us will be just fine. In fact, this may just be the wake-up call we need.
My favorite animation! Thanks for posting it.
Pretty amazing the ratings agencies think by raising the debt ceiling and spending more money we do not have is good..but by cutting back expenses is bad...strange economics they use
This is series.
....Or even pushing towards “printing” more is considered good by the ratings agencies.
“Sky is falling alert....”
Exactly!
How many times are we gonna fall for this crap?
Let the sky fall! PLEASE!
Default, government shutdown, credit rating drop, third-world healthcare, the end of the GOP. ALL OF IT!
Then maybe we will rediscover our CONSTITUTION!
Yes - we need to BLOW UP THE SYSTEM - IT’S THE ONLY WAY.
Because our ‘leaders’ (Dems/RINOs) are selling us out to a socialist, wealth distributionalist, internationally weak, nanny-state, that will keep their sorry traitorous asses in power.
Time to blow it all up! It’s the only way now. Tea Partiers - stand firm - you are RIGHT!
The real RISK is if we DON’T let the sky fall!
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