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And remind us who said NO to tax increases. Who said NO to closing tax loopholes? Who said NO to President Obama's proposal that called for 4 trillion dollars in spending cuts? Remind us who WALKED away from the negotiating table 3 times?
Yeah SURE, walking AWAY from the negotiating table and devising a House GOP bill for cut, cap, and balance is called "compromise."
0bama's ideas of "spending cuts" is cutting federal spending in the federal tax code, i.e. standard tax deductions. It's the Marxist mentality that tells him that all our hard earned money belongs to the federal government. 0bama thinks allowing us to keep any of our earned income is considered federal spending, and eliminating tax deductions is a spending cut.
It was all just talk from 0bama anyway, he never offered any plan in writing. Every few days he had a "new proposal" but no plan in writing, nothing the CBO could score, just words and political rhetoric.
They ARE digging the hole deeper, though. When your credit is downgraded, your interest rates go up, then your payments on that interest go up. We are trillions of dollars in debt; for every interest point that goes up, it means we owe trillions more. That is the reality that seems to escape some people. Protecting our credit rating is vital to paying off our debt.
That fact seems to escape the Obamacrats and Harry Reid as it was they who voted to table the only plan that cuts the required $4Trillion in spending while simultaneously raising the debt ceiling. Without at least $4Trillion in real cuts the credit rating will be downgraded, period.
However, since neither the Reid or the Boehner 2.0 plan meet the criteria to avoid the downgrade we may as well default on the FED only. This gives us over $2Trillion with which to deal and keeps us from bleeding out.
Our current debt is fixed rate. Any new debt (hopefully never) will be at a higher rate.
So to pay off my 5 credit cards that I have maxed out, I need to get a 6th so I can keep "living large"? Our credit rating will be lower no matter which way we go. I choose the temporary lowering of our credit rating with a balanced budget and no more debt. As the .gov starts to live within their means, they can start paying the debt down and get the credit rating back up. Try keeping your credit rating perfect as you go deeper into debt.
A-when you default, there is no such thing as a fixed rate.
B-It's not consumer credit. The entire American economy is affected, not just one consumer's pocketbook.
That fact seems to escape the Obamacrats and Harry Reid as it was they who voted to table the only plan that cuts the required $4Trillion in spending while simultaneously raising the debt ceiling. Without at least $4Trillion in real cuts the credit rating will be downgraded, period.
However, since neither the Reid or the Boehner 2.0 plan meet the criteria to avoid the downgrade we may as well default on the FED only. This gives us over $2Trillion with which to deal and keeps us from bleeding out.
Who says that without $4 trillion in REAL cuts the credit rating will be downgraded? Who determines what are REAL cuts versus the, I presume, IMAGINARY cuts?
Unfortunately for you it is the POLITICIANS who makes these decisions and they have ALREADY voted FOR it... meaning debt ceiling RAISED... so you missed the truth completely...
Do tell what are you talking about Cap, Slap and Trap. That is not a bill. You might as well say if the moon falls from the sky tomorrow I will vote for raising debt ceiling. Nobody is stupid enough to believe that was a real attempt at compromise. The Republicans in the house don't believe it.
The fact is that they are sticking by what they have always said.
“I am committed to not raising the debt ceiling,†Michelle Bachmann, Poster child for the lunatic fringe.
She said this after the Cap, Slap and Trap BS was already signed. She knew she was not voting to raise the debt ceiling.
Quick synopsis. We are at the same place that we were two weeks ago. Tea Party Terrorists will not move. They are against raising the debt ceiling at all - of course they have been saying that all the time - our mistake. We should never have believed they were rational.
Only alternatives at this point. The Reid plan or an unprecedented move by the President to invoke the 14th amendment.
Terrorists... really? The song and dance and name-calling has been heard before - sort of like chicken-little. This is what happens when someone takes a stand to stop the insane spending.
At what point does the budget get balanced? Later?
'I will gladly pay you Tuesday for a debt ceiling increase today'
Terrorists... really? The song and dance and name-calling has been heard before - sort of like chicken-little. This is what happens when someone takes a stand to stop the insane spending.
At what point does the budget get balanced? Later?
'I will gladly pay you Tuesday for a debt ceiling increase today'
Well according to members of the lunatic fringe there will be a dramatic change in 2012 when they take over the WH and Senate. So there you go. You guys seem to think you are always right...so whats the rush. Send a clean bill through and then do your thing in 2012.
The increase in debt ceiling is a tax increase - not a rate increase but an increase in actual dollars that collectively needs to be paid into government.
Well according to members of the lunatic fringe there will be a dramatic change in 2012 when they take over the WH and Senate. So there you go. You guys seem to think you are always right...so whats the rush. Send a clean bill through and then do your thing in 2012.
What's your problem with starting to change direction on spending and budgets? And if not now - then when? When would be the right time?
The increase in debt ceiling is a tax increase - not a rate increase but an increase in actual dollars that collectively needs to be paid into government.
So based on your logic and that of the Tea Party - Your platform of no tax increase would necessarily dictate that you could not vote to raise the debt ceiling...Then why are we talking about negotiating when you have already made up your mind that the debt ceiling can not be raised.
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