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Leftists (in both parties) have been moving the nation to the left for decades. Spending has exploded, goinjg up and up; deficits have soared, regulations and restrictions have been choking the nation for all that time and have been exploding as fast as the debt.
With the passage of Obamacare in the middle of the night, the American people finally said, "Enough". WIth the full House up for election at the next election in 2010, they elected a large number of Republicans whose slogan was "Taxed Enough Already" ("TEA Party"), for the purpose of stopping the insane spending by Republicans and Democrats alike. To everyone's surprise (and the horror of the leftists), those new Republicans are sticking to their promises, and moving to halt the constant spending increases and out-of-control borrowing.
It's clearly the only possible response. Continuing the headlong charge into debts impossible to repay, is long, slow (or maybe not so slow) suicide. Continuing the constant barrage of more regulation, more restriction, more government intrusion into everyone's lives, is as unconscionable as it is destructive.
The same leftists are screaming, Yes, yes! More of the same! More of the same! Don't change course! ...and have refused to even talk to the Republicans, much less negotiate or, God help them, compromise. (Yesterday Obama came out with a great one-liner, esentially saying, Sure, I'm willing to negotiate and compromise... AFTER you Republicans completely cave to everything I want!)
Whose fault is the present impasse?
Last edited by Little-Acorn; 10-09-2013 at 09:18 AM..
Who is in charge of the Senate and Presidency, both of whom want to continue the frantic charge to the left, and who refuse to even talk to the Republicans that the American people elected to stop it?
Continuing the headlong charge into debts impossible to repay, is long, slow (or maybe not so slow) suicide.
No, it isn't. It is the normal state of affairs in a fiat-money economy. The amount of currency should expand to meet the size of a growing economy, otherwise you have persistent deflation.
If we had no debt, we'd have no currency.
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Continuing the constant barrage of more regulation, more restriction, more government intrusion into everyone's lives, is as unconscionable as it is destructive.
The same leftists are screaming, Yes, yes! More of the same! More of the same! Don't change course! ...and have refused to even talk to the Republicans, much less negotiate or, God help them, compromise. (Yesterday Obama came out with a great one-liner, esentially saying, Sure, I'm willing to negotiate and compromise... AFTER you Republicans completely cave to everything I want!)
Whose fault is the present impasse?
The practice of letting banks create most of the money in the United States is killing our middle class.
The people who want to balance the budget, whether they know it or not, want the banks to create ALL of the money in the United States economy, which would make the American middle class debt slaves, basically indistinguishable with the poor.
The ONLY way a balanced federal budget is fair to the middle class, is if the Federal Reserve stopped lending to banks. Tea Partiers don't grasp this part of the equation, which is probably why they think spending cuts are some kind of panacea.
and who is unwilling to even discuss what they are willing to cut? All we are hearing is: raise the ceiling and we will talk. That is like saying That is like our kids saying: mom, dad, raise my allowance and then I will talk about ways I can save some of it or make it go further...What is so hard to understand about all this? How many times have we heard our President say: I will not negotiate but I will talk if you do what I want first?
With the passage of Obamacare in the middle of the night, the American people finally said, "Enough".
Except the American People™ said no such thing having voted for Bush and Obama twice respectively.
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To everyone's surprise (and the horror of the leftists), those new Republicans are sticking to their promises, and moving to halt the constant spending increases and out-of-control borrowing.
Ah, sorry but the impasse isn't about raising the debt limit, since the claim is that they will vote FOR it if only the ACA is defunded. Sorry but that dog won't hunt.
Most nations with fiat-money currency are locked into the same headlong charge toward disaster.
So, in your view, which countries are not headed towards disaster ?
What country would you choose as the "Model" of monetary economics?
Seriously, name ONE country that does not use a fiat currency, that's doing well. One.
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True. But it shouldn't outstrip it and go charging off into Never-never land far ahead of any growth, as we are doing.
Yeah, but that excessive debt is caused by private sector credit, due to lax rules on banking institutions. That is how home prices rose in the bubble: by private banks utilizing the Fed's (infinite) line of credit.
This is why private credit outstanding is about $60 trillion, while public debt outstanding is only about $16 trillion. The banks created the majority of our $76 trillion worth of debt.
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Ridiculous. Did you read that in a fortune cookie or something?
It's the basics of fiat currency. If you don't understand that, then you will forever be lost when it comes to this topic. Currency is debt. That's not an opinion, that's a fact.
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Only if we had no economic activity at all, would we have no currency.
That's incorrect, but I'll play along : How do you figure?
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How many times have we heard our President say: I will not negotiate but I will talk if you do what I want first?
