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Tea Party Threats Ruining America's Economic Standing [W:113]

calamity

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It was only a matter of time. A few more weeks of this debt ceiling blackmail nonsense and we'll be the joke of the business community.

Photo Of John Kerry Far Off In The Background At APEC Meeting - Business Insider



I'm sure though that the usual suspects will just blame it all on the Black guy with the funny name.
 
davidtaylorjr said:
You bias is showing......
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Not my bias. Fact.

Translation: Congress passed a budget they knew we would fall short on without raising the debt ceiling. Thus, they either intentionally set up the budget to fail or they are really really stupid.
 
calamity said:
Not my bias. Fact.


Translation: Congress passed a budget they knew we would fall short on without raising the debt ceiling. Thus, they either intentionally set up the budget to fail or they are really really stupid.
Click to expand...

Damn congress and their not giving Obama a blank check. The bastards!
 
So the President couldn't attend due to the Government shutdown, then how did the Secretary of State manage to get there? I realize he's pretty wealthy, did he pay for the trip himself?
 
calamity said:
Not my bias. Fact.


Translation: Congress passed a budget they knew we would fall short on without raising the debt ceiling. Thus, they either intentionally set up the budget to fail or they are really really stupid.
Click to expand...

You assume they have even passed a budget.....
 
sawyerloggingon said:
Damn congress and their not giving Obama a blank check. The bastards!
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No. Damn Congress for passing a budget which had spending levels set at a Trillion dollars over Revenues.
 
calamity said:
No. Damn Congress for passing a budget which had spending levels set at a Trillion dollars over Revenues.
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This budget?

WASHINGTON — An exhausted Senate gave pre-dawn approval Saturday to a Democratic $3.7 trillion budget for next year that embraces nearly $1 trillion in tax increases over the coming decade but shelters domestic programs targeted for cuts by House Republicans.


Senate Passes Democratic Budget
 
davidtaylorjr said:
You assume they have even passed a budget.....
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It gets confusing. Congress passed the Budget for 2013, but it's now expired. The shutdown is over the battle for the new budget. The debt ceiling issue involves money due from last year's spending.

So, I agree with the fight which caused the shutdown (although shutting the gvt down is not what I consider wise). It's a budget fight--that is the fight we should be having.

I disagree with the fight over the debt ceiling because those debt need to be paid on time--that is a fight we should not be having.
 

No. This budget
2013 United States federal budget - Wikipedia, the free encyclopedia

That's the one for which the debts are now due to be paid.
 

A budget has not been passed. A Continuing resolution has been passed. The last real budget was, well, a LONG time ago.
 

I dont see how its the tea partys fault that the country has borrowed 16 trillion dollars and is unwilling to balance the budget. Or even how a few 'radical extremist terrorists' manage to control the entire economic policy of the govt.
 
davidtaylorjr said:
A budget has not been passed. A Continuing resolution has been passed. The last real budget was, well, a LONG time ago.
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They passed the appropriations bill knowing that the debt ceiling would need to be raised. The rest is semantics.
 
jonny5 said:
1. I dont see how its the tea partys fault that the country has borrowed 16 trillion dollars and is unwilling to balance the budget. 2. Or even how a few 'radical extremist terrorists' manage to control the entire economic policy of the govt.
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1. It seems the Tea Party has the rest of the GOP running scared. Boehner is scared to death of opposing them.

2. I have no idea. I never thought a minority could wield so much power--this is new to me.
 
sawyerloggingon said:
Same thing, dems run the senate.
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Yep...but, we've seen that the Senate effectively needs 60 votes to move anything through. You've been paying attention lately. Right?
 
calamity said:
They passed the appropriations bill knowing that the debt ceiling would need to be raised. The rest is semantics.
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One has nothing to do with the other. You do not have to borrow money to pay for spending. You dont have to spend all the money authorized. No spending has been authorized for FY2014, and the govt takes in more than enough to pay for what has been authorized, thus no need to borrow money or raise the debt limit. The purpose of the debt limit is to force the country to find another way to pay for things.

For example. yesterday the Treasury took in 11bn in revenue. And paid 7bn in 'bills'. No need to borrow money to pay for that. In fact, they PAiD OFF 40million in debt.
 
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calamity said:
1. It seems the Tea Party has the rest of the GOP running scared. Boehner is scared to death of opposing them.

2. I have no idea. I never thought a minority could wield so much power--this is new to me.
Click to expand...

1. How is that the tea partys fault? They have no power.
2. Then perhaps youre wrong?
 
calamity said:
Yep...but, we've seen that the Senate effectively needs 60 votes to move anything through. You've been paying attention lately. Right?
Click to expand...

And theres only one or two self proclaimed tea party Senators, so how are they stopping the entire Senate?
 

After all, the black guy with the funny name has only been in charge for 5 years. Why in the world would the business community make fun of him?
 
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