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Palin dismisses Geithner warnings about debt ceiling

rocket88 said:
Nothing good happens when one party holds all the power.
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On this we agree.
rocket88 said:
Just look at this past decade -- for 8 out of 10 years, one party or the other held both houses of Congress and the White House The mess we're in today took a good deal more than two years to create.
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On this we agree.
rocket88 said:
Go on and blame Obama all you want, but deficit spending is something that was going on for years before him. Ronald Reagan was quite fond of them if the budgets he signed are any indication. So was W (who did it with Republican Congresses, too).
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Reagan was really something. But he trusted the Democrats on a deal, tax increases combined with spending cuts. We got the tax increases. Democrats increased spending. I wish he had vetoed the bills. But he didn't. It was a mistake.
Neither Bush was conservative. I understood that. The nation had no better choice.
 
Misterveritis said:
Government jobs consume wealth. They do not create wealth. If the problem is too much government then get rid of the "too much". It is really very simple. It may be too simple for you to understand it.
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Why stop with the jobs created by Obama? Bush created more government jobs on a per month basis than Obama has.

 

So you give Obama a pass for his out of control spending
 

The recession started after the dems took back the majority in congress
 

Because there was no surplus

The Myth of the Clinton Surplus
 

Fine, but why stop? Government was already huge before Obama. You said yourself that Bush was not Conservative, but you're not proposing to get rid of any growth in government that took place before Obama.

Contrary to the GOP rhetoric, government growth and deficit spending were not phenomena invented by Obama.
 

This is a ridiculous analogy. Not raising the debt limit will do nothing but exasperate the deficit by raising interest rates on future borrowings. There is no proposed on the table, by anyone including Ryan, that would not have deficit spending for years (hence increasing debt). Even if you passed the Ryan budget today (which won't happen), you have to raise the debt ceiling.

The correct analogy is that now that you have a credit card and mortgage, you just are going stop paying them. Raising the debt ceiling is not about incurring future debt, its about paying for the budget as it is: past, present and near future.

Sorry, but anyone that thinks that not raising the debt ceiling is realistic is just not very well educated. The debt ceiling must be raised. Even those that are threatening to vote 'no' are only doing so to gain leverage (at least those with an IQ north of 100). It's a game of chicken... though some of us resent them playing chicken with the US economy.
 
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rocket88 said:
Fine, but why stop? Government was already huge before Obama. You said yourself that Bush was not Conservative, but you're not proposing to get rid of any growth in government that took place before Obama.
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LOL. Pick a date you are comfortable with. Or. even better select whole departments for creative destruction. I prefer to do both. I would begin by eliminating the budget for all executive branch, federal jobs created after January 1, 2009. Let the departments decide whether or not to fire the people or reduce salaries. Then I would identify the department that has created the greatest number of new rules/regulations since January 1, 2009. I would repeal every rule by that department, abolish the department and sell the buildings. Repeat once per quarter as necessary until the economy once again flourishes. I would seek to recover the stimulus. Much of it went to the states to make sure public sector union jobs would not be cut. I would cut them. I would begin to defund the left. I would make it illegal for public sector unions to negotiate benefits. Then the whole nation would thrive.
 
ptif219 said:
The recession started after the dems took back the majority in congress
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Explain how that came to be...please. In Feb 2008, Bush asked Congress for 164 billion stimulus money. And also I recall, in (ooops, not Aug, but rather) Oct 2008, Bush asked Congress for over 700 billion for TARP (a month before the Nov election for president). I guess that wasn't an indicator of things to come in the near future.

It's impossible to draw a line in the political sand. It is a revolving door for cause and effect of which all political flavors share. They avoid admitting to that responsibility, but they can't ignore the facts. I hope that you don't either.
 
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Your use of January 2009 sounds like pure partisan BS. "I hate the current Executive, therefore get rid of everything he did." Government and deficits were both growing long before Obama made it to the Illinois state legislature. It's not as cut and dried as "Take things back to the levels under Bush." Are you telling me that government was a perfect size under Bush?

Why stop with the executive branch? Why not roll back the Congressional pay raises that Republicans voted in for themselves during the Bush years? Why not cut Congressional staff? We could cut out the last 4 Supreme Court Justices. What about their clerks?

And I think the biggest growth in department size in the last decade is probably Homeland Security, which didn't even exist in 1999.
 
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Dems took over majority with the 2006 elections
 

So what is the date of the article you posted Ptif?

That is right Dec 1, 2008. A 2 and half year old article stating the US is in a recession that started during the Bush admin

Perhaps looking for a new article would be something to do (one that states the US is not in a recession right now

Unemployment 9.1% for May 2011 - Only 54,000 Jobs! | The Economic Populist

Like this one
 

As I said it started after the democrats took back the majority in congress
 
ptif219 said:
The recession started after the dems took back the majority in congress
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If you are equating the two than you know nothing about economics.
 
ptif219 said:
I know all that is wrong is Bush's fault and the democrats had nothing to do with it
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The economic problems we are facing today started, in earnest (procurers existed before), in the mid 90s. Study some more economics please.
 
rocket88 said:
Your use of January 2009 sounds like pure partisan BS. "I hate the current Executive, therefore get rid of everything he did."
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It is appealing.
rocket88 said:
Government and deficits were both growing long before Obama made it to the Illinois state legislature. It's not as cut and dried as "Take things back to the levels under Bush." Are you telling me that government was a perfect size under Bush?
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Of course not. Going back to Jan 1, 2009 was for convenience. The one term president Obama increased the federal government's size by how much? 10%? 12%? So let's use that as the starting point. Then let's eliminate whole departments prioritized by the amount of historical harm they have done to the economy. EPA is probably a very good start. Education may be tied for first place depending on how harm is assessed.
rocket88 said:
Why stop with the executive branch?
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Why indeed?
rocket88 said:
Why not roll back the Congressional pay raises that Republicans voted in for themselves during the Bush years? Why not cut Congressional staff?
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Sounds perfect.

rocket88 said:
And I think the biggest growth in department size in the last decade is probably Homeland Security, which didn't even exist in 1999.
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I love your suggestions. Let's do them one at a time.
 
I am for it.
So we could return to the US Constitution with its enumerated powers. Anything not enumerated has to go. Let's do them one at a time. Each quarter let's eliminate the extra-constitutional departments, repeal their rules and regulations, fire their employees, and sell the buildings.
 
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