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And with merit! The U.S. needed not to continue on with crowding out private investment when employment was near full capacity! Jeez, you righties will say just about anything. It stems from having a child like view of political economy.
Compromises and demands regarding budgetary matters should be brought to the table when the appropriation committees are actually tasked with doing so, not ramrodded through in an opportunistic fashion.So, essentially Obama is speaking like an arrogant child and refusing to compromise on the budget.
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.
Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.
But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.
No one has appeared to notice that in the same press conference he indicated he could and would restrict Second Amendment rights through executive order. The budget talk coming from him is scary, but this is by far scarier still.
And with merit! The U.S. needed not to continue on with crowding out private investment when employment was near full capacity! Jeez, you righties will say just about anything. It stems from having a child like view of political economy.
Maybe because he didn't say anything like that (except in the minds of 2nd amend bed-wetters)
If you are going to try and make a point, at least let it reflect a bit of accuracy! As of recently, the largest purchasers of U.S. Treasury debt are the EU and Japan. China has began shifting its U.S. investment into real estate, private equity, and private debt. The procedes of which get soaked up into U.S. banks and money markets.
None the less: foreign purchases of U.S. debt is a function of the current account!
Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.
But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.
No, no...you see, "some" Democrats are actually seriously considering a bill to actually sell our Country to the Chinese to deal with our debt. It's absolutely true I tell you, though I can't tell you a single actual named source but that's of course understandable and doesn't make it any less believable because who would ever want to put their name to such an idea.
Shutting down the Federal Government != defaulting on our loans or not paying our bills
You know nothing about economics
That much is obvious
But will Congress adopt proposals like renewing the assault weapons ban? “I don’t know,” Obama acknowledged. Lawmakers opposed to such steps must "examine their own conscience." In some cases, Congress won't act but he will, the president said.
“I’m confident that there are some steps that we can take that don’t require legislation and are within my authority as president," he said. "How we are gathering data, for example, on guns that fall into the hands of criminals and how we track that more effectively.”.....snip~
Obama to gun-control foes: Examine your conscience | The Ticket - Yahoo! News
I was right. Only in the minds of 2nd amend bed-wetters
Listen it's simple. Obama spent nearly 6 trillion within his first 4 years in office. He signed his failed stimulus 2.17.2009 and promised it would have an immediate effect on job creation. Summer 2010 was supposed to be the "Summer of Recovery". His appointed Economic Team projected we'd be around 5% Unemployment right now. Even with laughable attempts at inflating the numbers with a massive infusion of Federal Government Workers, he still can't get anywhere close to that. More people are unemployed long term under his "leadership" than since WW2.
There is no productivity associated with handing out welfare to 128 million americans every month. Most of the money is spent on commodities, which are purchases that would have been made anyways (food/gasect) so it's a wash.
Money is being taken out of the Private Economy, which is where the wealth is created, to "employ" Government Workers and hand out to people on welfare. There is no new wealth being created. There is no net gain.
The quote was contained in the very post you quoted, in which a Republican House Chairwoman stated that a shutdown of the federal government is on the table as a viable strategy.Yes....I read it. Unless I'm missing something, it doesn't name a single GOP individual (actually points out some that specifically are saying they don't want a default) and just claims that there are some with nothing to support it. If I missed them giving a specific name, I'll be happy to see it.
Shutting down the Federal Government != defaulting on our loans or not paying our bills
Since when is lowering our bills something nobody wants to do?
You are correct but Obama wasn't arguing that. He isn't a Keynesian.
I was right. Only in the minds of 2nd amend bed-wetters
He shouldn't have to negotiate on the debt ceiling. That should be a non-issue.
"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." --- Senator Barrack Obama
No you were actually wrong.....as that is what Obama stated. Notice that part about there are some steps that we can take that don't require legislation, and are within my authority as president.
Kinda hard to get round that point he made.
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