All Things on the Debt Ceiling (merged) (ammunition, dictators, compare)

[TXboomerang]

Originally Posted by subsound

It was raised the the debt limit every year between 2002 and 2007 with the enthusiastic support of the very people decrying it now. All of a sudden a democrat is in office, and oh no...can't do it.

Repubs would rather send the economic back into a recession then a single increase to give the country enough time to bring revenue back up. Plus enact all their favored social reforms for the most needy, and cuts to the wealthiest citizens. Just goes to show people who they really work for.

Obama's reason for voting NO on the debt ceiling in 2006:

Senator Barack Obama, 2006The 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.

Now you tell me who has changed positions.....

[Pretzelogik]

It's all GWs fault.

[HappyTexan]

Ain't gonna happen. We're in debt past our eyeballs and still rated top dog.
A few well placed phone calls and this will all blow over.

[Pretzelogik]

Originally Posted by subsound

It was raised the the debt limit every year between 2002 and 2007 with the enthusiastic support of the very people decrying it now. All of a sudden a democrat is in office, and oh no...can't do it.

Repubs would rather send the economic back into a recession then a single increase to give the country enough time to bring revenue back up. Plus enact all their favored social reforms for the most needy, and cuts to the wealthiest citizens. Just goes to show people who they really work for.

Well........Moody's rating service is considering downgrading US debt. Ah...Hah...it is a global financial market...not very touchy-feely...no minority preferences there.

[Chango]

I've heard this story before:


YouTube - ‪Titanic in 5 seconds‬‏

[Currency Pair Crocodile]

Why is this a surprise? They're just doing their job. They got an easier one this time.

If only the politicians do theirs, Moody's will have to find something else to downgrade

Besides, who can forget Credit Suisse and Mdy's AAA on ABS CDO from former years

[florida.bob]

It is not beginning, it is just a statement to impress upon Congress that it will begin, if they do not raise the debt ceiling.

[texdav]

That is old news beyond even this defcit debate based on our debit level.

[ovcatto]

Originally Posted by pghquest

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We warned, and warned, that it was coming!!

Ah, I thought you folks thought it was just scare tactics.

[ovcatto]

Originally Posted by KUchief25

Good. Maybe now countries will stop loaning us money and end this madness.

They just don't get it.