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What do you expect?
Wall Street makes up a large part of this Administration.
This is true - The Obama Administration is standing with the Banks, the President & CEO of the American Bankers Association is the person who wrote the article.
Quote:
In a Washington Post op-ed, President & CEO of the American Bankers Association Frank Keating expressed how grave a decision it would be for Congress to default on its nearly $17 trillion in debt.
About this "gun" on the Debt ceiling - all this happens in October and past performance tells us that it will once again go right down to the wire with the Obama demanding a "clean" Debt Ceiling of some amount he hasn't informed us of and the Republicans wanting some sort of limits on Obama's out of control spending.
The public overwhelmingly supports controls on spending according to the latest Bloomberg polling.
Instead, 61 percent say that it’s “right to require spending cuts when the debt ceiling is raised even if it risks default,” because Congress lacks spending discipline, according to a Bloomberg National Poll conducted Sept. 20-23.
That sentiment is shared by almost three-quarters of Republicans, two-thirds of independents, and a plurality of Democrats. Just 28 percent of respondents backed Obama’s call for a clean bill that has no add-on provisions.
Only 28% agree with Obama's blank check demand and the CEO & President of the Bankers Assoc.
This is true - The Obama Administration is standing with the Banks, the President & CEO of the American Bankers Association is the person who wrote the article.
Which makes the Huffington POS posting the story, pretty humorous...
Wall St is extremely unhappy with the Republican threats to default on the national debt and crash the US economy. They want the adults in the Republican Party to take the remote control away from the tea party crazies. They're threatening to start taking away their lobbyist cash unless the Republicans stop allowing the nutjobs to damage the economy yet again.
Shutting the government down, and limiting spending and deficits is something our children needs, and thus our country.
To pretend trillion dollar deficits is good, is pretty dumb..
I note how many lefties cant think for themself though, using those keywords given to them by the administration, hostage... etc..
grow up and stop repeating talking points, thats childish..
Which talking mouth did you get that from?
Critical thinking is your friend. Again, someone not showing the slightest understanding of the long term ramifications of what you're parroting to happen.
Let me rephrase your commentary to be more accurate:
Wall Street: "We want the gravy train of fast flowing cash to not end, we love how printing money raises the stock market."
Democrat apologist: "I'll argue anything, no matter how stupid, so the public doesn't realize I'm in bed with my political campaign funding cronies".
The debt ceiling increase is supposed to happen by default, to match the spending that Congress already appropriated. Republicans are threatening to stall it because they know their low-information voters are stupid enough to think that they're making a stand against government spending and will somehow eliminate the deficit.
Critical thinking is your friend. Again, someone not showing the slightest understanding of the long term ramifications of what you're parroting to happen.
The long term ramifications of NOT ceasing the borrowing.... Are much worse.
The results of the US government defaulting? Democrats never get elected again. That's why you panic-driven hysteria.
It doesn't take a genius to know that you can't borrow forever... and that YOU and your cronies are the ones who insisted that borrowing vast sums of money were the key to saving the economy.
Did the 18 times under Reagan, even come close to any ONE time under Obama?
Quote:
Originally Posted by LordSquidworth
Which talking mouth did you get that from?
The one based upon reality..
Quote:
Originally Posted by LordSquidworth
Critical thinking is your friend. Again, someone not showing the slightest understanding of the long term ramifications of what you're parroting to happen.
Ramifications of what? Shutting down the government? What long term ramifications do we currently see from the nearly TWO DOZEN times government has shut down.. Lets start with the recent one under Clinton..
What devistating effects do we currently have due to that shut down
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