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Senate Democrats spent Thursday night hammering away at Sen. Jim Bunning (R-Ky.) for single-handedly holding up action in the upper chamber – but he blurted out a message to one of them on the Senate floor: “Tough s—t.”
And at one point during the debate, which dragged on till nearly midnight, Bunning complained of missing a basketball game.
"I have missed the Kentucky-South Carolina game that started at 9:00," he said, "and it's the only redeeming chance we had to beat South Carolina since they're the only team that has beat Kentucky this year.
The unemployment rate in Kentucky is 10.7 percent.
Republicans continue to be the party of no. They continue to not get it. 1.2 million people won't get unemployment benefits they need to survive, and he's complaining about missing a basketball game on TV.
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Republicans continue to be the party of no.
it seems to me that pbo has already been saying no alot lately, after all he is potus and he continuely keeps saying that the countries problems is not his.
I'm sorry that you don't appreciate its brilliance. Maybe you are confused by thinking that governments are really just the same as households or corporations.
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Originally Posted by whatyousay
Just because we haven't defaulted yet, doesn't mean it isn't in our future. There comes a point when we can no longer afford even the interest payments on the debt we have.
Total interest paid on the public debt in FY2009 was $381 billion. That was down from $454 billion the year before. When do you think the time will come that a $14,000 billion economy cannot afford tabs like that?
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Originally Posted by whatyousay
Why is there so much talk about downgrading the US government's credit rating?
For the same reason that in a parrot shop, you so often hear "Polly want a cracker." US debt is backed by the full faith and credit of the US government which in practical terms means the productive capacity of the US economy. The US economy represents a little over one-fifth of the world economy. How do you expect to downgrade that?
...and these pay-as-you-go rules are necessary – because we spent the last decade spending money we didn’t have. We spent trillions... Those days are over. We simply can no longer afford it.
“The idea behind pay-as-you-go is simple. The rule we’re proposing for the government is the same one Americans use every day in their own lives, the same one we teach our children: In order to spend a dollar, we have to have that dollar in our wallet. This law will enforce that common-sense concept.
Bunning commenting on the furlow, If the Senate is going to pride itself on passing "pay-as-you-go" legislation one day and then approve unfunded spending the next, the hypocrisy needs to be exposed.
I'm sorry that you don't appreciate its brilliance. Maybe you are confused by thinking that governments are really just the same as households or corporations.
Silly me for not realizing the absolute brilliance in spending beyond our means!
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Originally Posted by saganista
Total interest paid on the public debt in FY2009 was $381 billion. That was down from $454 billion the year before. When do you think the time will come that a $14,000 billion economy cannot afford tabs like that?
Oh, don't take my word for it. Economists the world over have been sending up warning signals, but then again... a brilliant economist such as yourself would know that.
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Originally Posted by saganista
For the same reason that in a parrot shop, you so often hear "Polly want a cracker." US debt is backed by the full faith and credit of the US government which in practical terms means the productive capacity of the US economy. The US economy represents a little over one-fifth of the world economy. How do you expect to downgrade that?
Like I said before, it's not me issuing warnings about the downgrading of the US govt's credit rating...
According to the AP:
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Moody’s Investors Service recently issued a warning that the United States government’s credit rating could eventually be in jeopardy if nation’s finances don’t improve.
But why listen to anyone you don't agree with. I mean, it's inconceivable that our credit rating could be downgraded despite huge budget deficits and a newly increased debt limit that now tops $14 trillion, isn't it?!
You just keep on listening to Mr. Geithner blab on and on trying to convince himself and other half-wits.
I'm sorry that you don't appreciate its brilliance. Maybe you are confused by thinking that governments are really just the same as households or corporations.
Why don't you tell that to some of these countries?
Total interest paid on the public debt in FY2009 was $381 billion. That was down from $454 billion the year before. When do you think the time will come that a $14,000 billion economy cannot afford tabs like that?
Now this is just plain dillusional. We can't have rates at .5% forever. Otherwise we are going to face inflation that will make the 70s inflation look like nothing. When the rates are finally forced up to save the dollar, the interest will be entirely too large to pay and we will have to monetize ultimately causing more inflation.
The title is VERY misleading, you proclaiming others disagree with you are dense or uneducated doesnt change reality.. Its a LIE, no matter how you try to spin it into figurative language..
I see where you got the title from, that other rag of a "news source", which ALWAYS lies about facts...
Do you have the Neilson data from the network that aired his statement?
How many people were listening when he said it?
No, NOT Americans. White wing obstructionist. It's always "ALL Americans" to them they they try to throw the admin under the bus.
Only 2 pages before that card was played???
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