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Actually, no, that’s a right-wing fantasy about what liberals believe. We don’t want to punish the rich nor do we believe they are evil. We just want them to pay more taxes. You can favor redistribution without indulging in class hatred; it’s only the defenders of privilege who try to claim otherwise.
Fantasy? This was just a small step away.
The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.
Treasury Secretary Timothy F. Geithner has warned for months that the government would soon hit the $14.3 trillion debt ceiling — a legal limit on how much it can borrow. With that limit reached Monday, Geithner is undertaking special measures in an effort to postpone the day when he will no longer have enough funds to pay all of the government’s bills.
What am disproving is your fallacious assertion that Obama has caused growth in spending.
I mean you can believe whatever fantasy and myth you want. That's your right, but don't pawn it off for a minute that it's actually reality. The facts show conclusively that Obama has flattened spending increases.
And where did I assert that ? I think you ASSumed here.
Politics and parties in Europe are not the same as politics and parties in the US.
No country wants to default and being in the EU would drag them all down.
Geeze..Greece has been on the edge of the abyss for over 4 years now and gets their loans each and every time.
Iceland let the banks default on liabilities to overseas creditors, including deposits in offshore accounts. Iceland also has it's own currency.
I don't see why Cyprus can't do the same thing -- have the banks default on foreign loans and move off the Euro. That's seems better than imposing cruel harm to its citizens.
I realize conservatives have a knee-jerk reaction to blame Cyprus but as the IMF points out:
Quote:
Before the 2008 crisis, Cyprus enjoyed a long period of high growth, low unemployment, and sound public finances.
And where did I assert that ? I think you ASSumed here.
Nowhere did I put the onus on Obama.
Post #113:
Quote:
Originally Posted by MTAtech
Actually, no, that’s a right-wing fantasy about what liberals believe. We don’t want to punish the rich nor do we believe they are evil. We just want them to pay more taxes. You can favor redistribution without indulging in class hatred; it’s only the defenders of privilege who try to claim otherwise.
Quote:
Originally Posted by HappyTexan
And all to support growing spending programs that are full of fraud, corruption, cronyism right ?
No end in sight..spend and tax.
Who else could you have been talking about, John Boehner?
Iceland let the banks default on liabilities to overseas creditors, including deposits in offshore accounts. Iceland also has it's own currency.
I don't see why Cyprus can't do the same thing -- have the banks default on foreign loans and move off the Euro. That's seems better than imposing cruel harm to its citizens.
I realize conservatives have a knee-jerk reaction to blame Cyprus but as the IMF points out:
Well I guess losing the money of Russian oligarchs is an option. I have a feeling though its not an option conducive to living a long life though.
The Russian mobsters and their billions will be hit the hardest as far as the amounts seized. That's the bread and butter of all this. The little old ladies have to put in too of course. We can't only punish the criminals. Otherwise they would tax only the uninsured accounts, but this scheme is equal opportunity.
Just heard the numbers: Russians have about $18 bln, Europeans $80 bln. It is interesting how much American origin money are there.
Some retired people live off their savings. They are not rich, they just have savings instead of income. This was their lifetime of savings from working, it has already been taxed. WTF on punishing people who sacrifice and save their money all their life.
The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.
Treasury Secretary Timothy F. Geithner has warned for months that the government would soon hit the $14.3 trillion debt ceiling — a legal limit on how much it can borrow. With that limit reached Monday, Geithner is undertaking special measures in an effort to postpone the day when he will no longer have enough funds to pay all of the government’s bills.
Keep punishing responsible savers trying to avoid poverty in old age. Just lie and call them rich because they have a 401K or IRA, even though they are told to keep saving, then when they do so, the gubmint can just steal it. How can anyone defend this?
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