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The Heritage Foundation wrote the original plan. But, you, of course, probably do not know that.
Many of them would also be turning over in their graves at the thought of a black man in the white house and women working... so maybe we shouldn't put too much stock into what they thought.
Ah, just freeze spending, all spending at the 3.7 trillion level and raise the debt ceiling a trillion, with a provision that as long as not a single penny is spent above that 3.7 trillion, if the debt ceiling need raising in the future it will automatically rise another trillion as long as spending never exceeds 3.7 trillion. I don't care how long it takes, keep the freeze, spending 3.7 trillion until the budget is balanced, until all expenditures, spending is less than all revenue/income/money coming in. Keep the freeze in place until there is a 200 billion surplus which must be maintained every year hence and start paying down the debt.
Interest rate can't stay this low. As it is we are paying 420 billion in interest alone and that is at roughly 2%. what happens if interest rates rise to there normal level, you know how much the interest payment would be on 17 trillion at the historical average rate of 6%. ONE TRILLION dollars a year.
We are living in a fools paradise if we or anyone, anybody thinks interest rates will remain between 1 and 2 percent.
This is just another inane remark from a series of ignorant statements by this president.Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times' | CNS News
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 US Government cannot 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.
~ Senator Barack H. Obama, March 2006
This President has made some many ignorant statements that are either ignored or excuses made for them. I know if a Republican had made those statements they wouldn't be ignored. Wonder what it is about liberalism that creates this kind of loyalty? Must be that Obama is indeed transforming this country into the big govt. European socialist model that supporters want?
Many of them would also be turning over in their graves at the thought of a black man in the white house and women working... so maybe we shouldn't put too much stock into what they thought.
I wonder.This is just another inane remark from a series of ignorant statements by this president.Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times' | CNS News
This President has made some many ignorant statements that are either ignored or excuses made for them. I know if a Republican had made those statements they wouldn't be ignored. Wonder what it is about liberalism that creates this kind of loyalty? Must be that Obama is indeed transforming this country into the big govt. European socialist model that supporters want?
The Quote of the Decade:
Good to see you, Travis. Missed seeing you. Glad to have you back.
That is such complete BS. The debt ceiling has always been used as a tool by the minority to embarrass the majority. Obama *COULD* have filibustered the debt ceiling increase. The GOP certainly didn't have enough to raise it. Look at every vote for the debt ceiling in the past, the majority always comes from the MAJORITY party, REGARDLESS of who the party is.
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But now we have proudly ignorant tea partiers in the majority. They proudly admit their ignorance of global economics. But it doesn't matter; they learned enough raising a family. Of course!!! All you need to know about being a CFO you can learn by paying an electric bill.
So now the minority party, for the first time in US history is willing to carry 95% of the debt ceiling vote. And even this would be enough if the bill was allowed to go to the floor.
The current Republican party may be as big of a threat to the US as Russia was during the cold war.
That is such complete BS. The debt ceiling has always been used as a tool by the minority to embarrass the majority. Obama *COULD* have filibustered the debt ceiling increase. The GOP certainly didn't have enough to raise it. Look at every vote for the debt ceiling in the past, the majority always comes from the MAJORITY party, REGARDLESS of who the party is.
View attachment 67154857
But now we have proudly ignorant tea partiers in the majority. They proudly admit their ignorance of global economics. But it doesn't matter; they learned enough raising a family. Of course!!! All you need to know about being a CFO you can learn by paying an electric bill.
So now the minority party, for the first time in US history is willing to carry 95% of the debt ceiling vote. And even this would be enough if the bill was allowed to go to the floor.
The current Republican party may be as big of a threat to the US as Russia was during the cold war.
I cry at the failure of our education system. "Your" Democratic party of today is doing its best to create that massive central govt, where one party controls the entire govt. and thus all the power and has done so by creating little robots like you who they can tell whatever they want and you ignore the results and buy the rhetoric. Rather sadThe current Republican party may be as big of a threat to the US as Russia was during the cold war
Never in the history of this country has the debt exceeded the yearly GDP and your constant claims against the TEA party are nothing more than liberal talking points coming from the ignorant. Keep buying the rhetoric of the Democrat Party of today diverting you from the disastrous economic results they have generated blaming it on the "Peoples' House" and not their own economic policies. Name for me one time in history where the debt ceiling has been raised when the debt in this country exceeds our yearly GDP? You cannot do it yet you support it today, why?
I couldn't have said it better myself.When I see comments like this, I cry at the failure of our education system. "Your" Democratic party of today is doing its best to create that massive central govt, where one party controls the entire govt. and thus all the power and has done so by creating little robots like you who they can tell whatever they want and you ignore the results and buy the rhetoric. Rather sad
I couldn't have said it better myself.
I couldn't have said it better myself.
Please tell me what investment you have in the Obama Administration that you would continue to have such passion for the failures he has generated? Why is it that economic results don't matter to you when Obama is in the WH and that is all we heard from Obama supporters during the last year of the Bush term?
Do you understand that Intergovt. holdings are SS and Medicare shortfalls? Do you understand that LBJ put SS on budget thus making it as part of showing a lower public debt than total debt so that people like you touted charts like this one you just posted? Do you realize that when you take money from a long term liability and put it on budget that you lower the public debt but increase the long term debt? Although you make the public debt look better you have done nothing to lower the total debt and in fact have made it worse to the tune of 17 trillion dollars today?
Do you apologize for making any mistakes at all? I do accept apologizes but seldom get them from liberals who refuse to admit they are wrong
I couldn't have said it better myself.
Please tell me what investment you have in the Obama Administration that you would continue to have such passion for the failures he has generated? Why is it that economic results don't matter to you when Obama is in the WH and that is all we heard from Obama supporters during the last year of the Bush term?
Do you understand that Intergovt. holdings are SS and Medicare shortfalls? Do you understand that LBJ put SS on budget thus making it as part of showing a lower public debt than total debt so that people like you touted charts like this one you just posted? Do you realize that when you take money from a long term liability and put it on budget that you lower the public debt but increase the long term debt? Although you make the public debt look better you have done nothing to lower the total debt and in fact have made it worse to the tune of 17 trillion dollars today?
Do you apologize for making any mistakes at all? I do accept apologizes but seldom get them from liberals who refuse to admit they are wrong
False: 1945:Never in the history of this country has the debt exceeded the yearly GDP
False 1944:Name for me one time in history where the debt ceiling has been raised when the debt in this country exceeds our yearly GDP?
Thats why you cant say it better... nor do you have the ability to read a chart... Obama must be so proud of his minions of the lost
You're right. I can't read charts using the conservative version of rose colored glasses. But I'm pretty sure it goes like this.
Does this data involve Republican leadership? If so it must be good.
Does this data involve Democratic leadership? If so it must be bad.
Thats why you cant say it better... nor do you have the ability to read a chart... Obama must be so proud of his minions of the lost
yea thats it.. tell yourself that... smart people understand reality and facts..
let me guess... Obama is doing a great job and has cut the debt in half ... cue Obamabot Pelosi lie #29274
good God... we need tougher laws and testing on who should be able to vote..
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