The fact that we are here today to debate raising America's debt limit is a sign of EPIC FAIL!

U.S. Senate | March 20, 2006 | B. Hussein Obama

[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!!

[WOBBLY BOB]

On March 16th of 2006, Reid took the Senate floor and delivered a speech on how raising the debt ceiling was part of an “unprecedented and dangerous borrowing spree.”

http://www.youtube.com/watch?v=2GcON9yEiWk&feature=player_embedded

Senate Majority Leader Harry Reid (D-Nev.) quoted Thomas Jefferson saying, “I place economy among the first and most important government virtues and public debt as the greatest of the dangers to be feared,” when voting against raising the debt ceiling in 2006.

[Jim Robinson]

Obama is a fork tongued devil and Reid is a hissing serpent.

[LibertyRocks]

Thanks for finding and posting this, Jim. It will definitely come in handy... God bless you!

[anniegetyourgun]

http://youtu.be/8SGyVNippvA

[TheOldLady]

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[PGalt]

GRRRRRRRREAT post, JimRob! Thanks.

“Everything about socialism is sham and affectation.” 23.11 Ch23; Evil; Economic Harmonies; Frederic Bastiat 1801-1850

The lie is the weapon used most often by the criminal.

[PGalt]

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!

DEFUND socialist collectives, foreign and domestic (and WE are OUTTA THIS MESS).

GRRRRREAT thread...posts & graphics! Thanks to ALL posters.

[athelass]

The whole thing is a complete waste of time.They are arguing about what color to paint the kitchen while the house is burning down.

Behind the scenes Lisa Jackson and the EPA are throwing ropes over the country one by one like Lilliputians. We will soon be immobilized, paralyzed, with no idea how it happened and no way to get out of it.

This debt fight is just smoke and mirrors to distract us from the progressive agenda which is to bring America down to size, dilute our culture with immigration, and redistribute our wealth.

We should hope they keep fighting well past the deadline. Our only hope is if they can't get their hands on any more money. Obamacare tax increases are just around the corner. No matter who is in the WH in 2012, Boehner and McConnell will still be in leadership. We're so screwed.

[upchuck]

connie mack’s 1% reduction would be a step in the right direction.

I agree with you, but: the one percent solution stands no chance because it is logical and uses common sense.

[Gondring]

There is no way, though, that you can keep borrowing at that level to pay your bills. Therefore, eventually you’ll not have the money to keep those people from dying.

I agree 100%. But to dismiss it as "not hard" is silly and implies a lack of understanding of the magnitude of our financial mess, IMO.

Unless you want to withhold Social Security, or cut payments to defense contractors, Medicaid, or Medicare, or do things like outright confiscate tax returns, it's pretty difficult to just balance things out. As much as people like to think cutting the EPA or foreign aid will help, they're really quite miniscule when compared to Defense, Medicare, and Medicaid (and, of course, interest on the debt).

And remember that laws must be passed to overturn many programs required by law.

[Gondring]

Behind the scenes Lisa Jackson and the EPA are throwing ropes over the country one by one like Lilliputians.

So out of proportion.

If you are referring to the upgrades to power plants, they are estimated to cost less than $1 billion. We've already spent that in Libya. Even if it's 250% overrun, the $2 billion that would be passed on to consumers is dwarfed by the size of the problem in federal spending.

The Department of Education is ten times that. Defense vendors are fifteen times it. Etc.

One of the big problems is that half the population pays no federal income tax--or is handed money! There's a lot of wasteful defense spending (having our military handing out $$$ to Iraqis and Afghans is a fun thing to do and it boosts careers, but it's costly), poorly adminstered programs (with outrageous federal salaries going to people who are less qualified than others), etc.

Besides, if I break your window, you'd expect me to pay for it. Why should a polluter not be expected to maintain a clean environment? Conservation is a conservative value.

[xzins]

It truly is a financial mess, but let’s say you had to do with 200 or 250 billion in revenue. This chart only allows 175 billion...less than others I’ve seen.

Let’s instead say we pick 3 tiers of payments: Priorities 1, 2, 3.

Tier 1 gets paid at 100%, tier 2, at 75%, and tier 3 shares a percentage of the remainder with some being a tier 4 that simply gets dropped because it truly isn’t necessary at the federal level. Education certainly falls into that category as do a lot of other individual expenditures.

Then, let’s say you get to cut out duplication, waste, fraud, and abuse.

I don’t think we’d go over the 200-250 billion that many say is the amount of revenue brought in each month.

One problem is that there’s no willingness to TRY to isolate and identify these areas.

[American Constitutionalist]

" It's not a sign of leadership failure when OBAMA does it!! It's GRATE LEADERSHIP!! Obama's leading us to the promised land. "

And that is how the MSM is going to portray it and sing grand praises in how DEAR Leader Mao saved the day of the " REPUBLICANS " mess of debt, and saved us from the brink of the Republicans fault of the USA almost going into default.

[American Constitutionalist]

JIM ROB ? this is what the MSM will say “ Our Dear leader Obama Mao saved us from the evil Republican/Tea Party’s plan of taking us into default, but, Our Wise Obama Mao saved the day, the 2012 election campaign officially starts on that note “

[American Constitutionalist]

" Then in truth we have to borrow to provide the basic necessities. "

What makes you think the government is not already borrowing for basic necessities ?
Remember Al Gore during the Clinton administration saying that the Social Security funds are in a " LOCK BOX " safe and sound so that government can't touch it ? .... well that was all a lie.
Can we actually trust government saying that they haven't touched the Social Security funds to use for government general purpose ?
What makes us think that the government is not already borrowing for basic necessities ?
What makes us think that the government's fiscal troubles are not worse then what we already know ?

[American Constitutionalist]

Other than the Defense Department, NSA, CIA, highway budgets, Social Security ( even though, Social Security was suppose to be or is under it’s own FICA tax funding system ) it’s time to cut the funding on the rest of government, or totally defund or get rid of those government agencies.

[American Constitutionalist]

" 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. "

Jim ? do you ever get the feeling that what we are seeing today with this so called " Raise the Debt Ceiling " talk is just forestalling the inevitable ? that this country's fiscal and economic future is doomed ?
They may forestall it for another few months, but, unless they do something drastic, like cutting or getting rid of most of those government agencies, it's all going to come down like a house of cards and fast.
Do you get the feeling the horses have left the farm and it's to late to close the barn door ?

[American Constitutionalist]

" 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 thing is ? the longer they wait ? the worse it get's and the faster it will come crashing down.
Sort of like the snowball effect, and this snowball it big and out of control.
NOW !!! is the time to stop the spending and cut government agencies..... not next year, not next month, NOW ! ... but ? then again ? do any of you get the feeling that this is all engineered and in their grand design to bring us all down ? that they want this to happen for some nefarious purpose ?

[American Constitutionalist]

" OBAMA SLAMS HOUSE FOR WASTING ‘PRECIOUS DAYS’... "

That's rich, very rich, the irony, isn't it ? what about the all Democrat controlled Congress before the elections of 2010 and the lamb duck Congress that didn't even pass a budget for 2010 ? ...
The reason why the " DAYS " are fastly approaching is because Obama and the Democrats in Congress do not want to compromise.

[American Constitutionalist]

" Tea party is the only resonable :dog in this fight”! "

That's because the rest of the dogs are insane from rabies.