Posted on 07/30/2011 1:11:05 PM PDT by Jim Robinson
"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."
- Sen. Barack Obama (D-IL), March 20, 2006
HOLD THE LINE!! STOP THE SPENDING!!
Barry the Buffoon had enough money to
(1) Give $8000 to first-time home buyers
(2) Give $7500 to buyers of the Obama Motors Volt
(3) Spend hundreds of billions to bail out various non-producing parasites
(4) Give money to the UN and the Palestinians (some of which doubtlessly finds its way to Fatah and Hamas)
I do not see why he needs to raise taxes; he has plenty of money to squander so he needs to stop squandering it before I will listen to a single word he has to say.
Sen Obama in 2006 Against Raising Debt Ceiling
http://www.youtube.com/watch?v=7SLgdhvoyik
Obama Concedes Senate Vote Against Raising Debt Limit Was ‘Political’
http://www.youtube.com/watch?v=PjnN_J6wPmk&feature=related
it’s not really about the debt ceiling
it’s a fight to keep the dems/progressives from delivering the killing blow to the financial well-being of the country.
they’ve already hosed us... they’re just trying to make it so it’s completely unrecoverable, forcing the country into collapse
raising the debt ceiling would signal the US will never stop spending what it doesn’t have. that it’s dollar will never be worth anything. that it would be best for other countries to avoid investing in dollars / America.
this would be victory of the left / progressives
FR rocks.
Rand Paul and Mike Lee just blew up Durbin’s hypocricy on compromise. Rand and Mike offered support of 10 Republicans for the bill already passed that includes the BBA. Durbin objected to Rand’s request to add the amendment.
The U.S. Government can’t pay its own bills because it’s buying too much. Stop the spending.
Seems this shouldn’t be too difficult to understand.
BTW-It’s laughable to hear talking head tell everyone we can’t pay social security payments or government workers. If that were the case, then in truth we have to borrow to provide the basic necessities.
That second one is rich isn’t it? On the left, they don’t think his prior actions matter because ... he knew it would pass anyway.
Yup. The REPUBLICAN led House should draw up the purse strings and release ONLY enough to pay the current obligations. Don’t default on the debt, but don’t fund the beast either. Not a penny to ObamaCare, the EPA, the TSA, the dept of homeland unsecurity, the dept of uneducation, the uncommerce dept, planned parenthood, acorn, the unions, etc, or any other political organization, including public broadcasting. Cut the fat, cut the pork, cut the waste, cut the fraud. Cut the federal salaries, pensions and benefits, cut their staffing, cut their offices, cut the subsidies. Cut the foreign aid, not a penny to the U.N. or any other world body. Stop the wars, declare victory and bring our troop home. Freeze and or cut all federal budgets. Send the illegal aliens packing and quit subsidizing the illegal alien invasion!
Get the government off our backs, out of our business and out of our faces!! Let the people get back to work and let the free economy (and the tax revenues) soar!!
Liars, perverts, child molesters, Thieves and murderers.
But their Liars (capital "L") first and foremost.
like any responsible adult facing debts, they should tally up what they are bringing in, subtract payments to debts... and then only spend what’s left (this is the government, saving some money for later is not an option)
this being said:
we bring in $2 trillion.
we owe $14.5 trillion.
interest payment would be about 5% annually... or $700 billion
that leaves $1.3 trillion for everything else... and we haven’t reduced the debt one dime!
assuming we put $300 billion to the debt each year, that would leave $1 trillion for spending. that’s it. now... pick the programs we can pay for from the $1 trillion.
of course, if they want more money... then they need to attract more foreign dollars. to do that, we will need a more diverse economy and the ability to offer attractive deals to foreigners.
i would go so far as to recommend radically lowering taxes on any business coming from outside the country. this would encourage such business while helping bring more money into the country.
And that doesn’t mention the unfunded mega-trillion liabilities of social security, medicare and ObamaCare that are about to befall our nation. If the congress does not reverse course immediately, America is going down! The USSR was not too big to fail, neither is the USA.
The power to ‘Copy&Paste’ him and make him eat his own words,, and his peas.. Priceless!!
TEA Party On!!
http://www.washingtonpost.com/wp-srv/special/politics/federal-debt-limit-you-choose-who-gets-paid/
See if you can make all the necessary payments for August without having to borrow. I didn’t find it hard at all.
It’s not rocket science.
I think I am getting acid in my stomach from all of this.
Obama is making me sick.
agreed
and cratering the US is their goal.
how the ‘republican’ leadership doesn’t see this is beyond me
of course, my tinfoil is a bit tight... i believe many in the GOP are actually progressives doing what they can to help further ‘the cause’
Drudge upper left links
http://www.drudgereport.com/
OBAMA SLAMS HOUSE FOR WASTING ‘PRECIOUS DAYS’...
NYT: HE ‘EDGES TO THE RIGHT’... DEVELOPING...
REID FILIBUSTERS — OWN BILL?
TENSE... AWFUL...
MOODY’S: NOBODY’S PLAN WILL WORK...
—
man, what a sh*t-tossling affair this has become..
got yur ‘shovel ready?’ ;-]
Remember, when you're feeling dragged out, ragged out, rung down, brung down... just say Damitol!
There is no Default. Obama/Reid/Pelosi wanted this and now they own it. Let this play out for months. Bills will get paid. Just not their free giveaways. I would rather have the Default then to put up with their nonsense. They actually believe people are going to blame the Tea Party. Tea party is the only resonable :dog in this fight”!
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