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Old 10-24-2013, 01:43 PM
 
347 posts, read 440,913 times
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that the crisis was averted with the debt ceiling. My understanding is that the debt ceiling decision was merely POSTPONED until November, does postponing things make this country's economic outlook better or worse moving forward?
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Old 10-25-2013, 11:28 PM
 
Location: Here.
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Take a wild guess.
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Old 11-01-2013, 01:13 PM
 
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Well we didn't default on our debt obligations, so it's better than the alternative.
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Old 11-01-2013, 01:16 PM
 
Location: NJ
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Originally Posted by remoddahouse View Post
Well we didn't default on our debt obligations, so it's better than the alternative.
but that was never a real possibility
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Old 11-01-2013, 01:26 PM
 
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Yes and nobody would ever accept the pain caused by sequestration either.
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Old 11-02-2013, 02:41 AM
 
Location: Vallejo
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Quote:
Originally Posted by remoddahouse View Post
Yes and nobody would ever accept the pain caused by sequestration either.
Gosh, I hope we have more. The sequester was the first real substantial effort to address the biggest problem in this country, the deficit. Another sequester cut each year for the next ten or so years and we'd actually be in pretty good fiscal shape. It's a rather silly way of doing it, but whatever. I'll take budget cuts however I can get them.
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Old 11-02-2013, 08:43 AM
 
Location: NJ
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Originally Posted by Malloric View Post
Gosh, I hope we have more. The sequester was the first real substantial effort to address the biggest problem in this country, the deficit. Another sequester cut each year for the next ten or so years and we'd actually be in pretty good fiscal shape. It's a rather silly way of doing it, but whatever. I'll take budget cuts however I can get them.
agreed, sequester was the best thing the republicans successfully achieved during the Obama admin. they better not make any deals that changes it.

more sequester!
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Old 11-02-2013, 12:22 PM
 
Location: Vallejo
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Originally Posted by CaptainNJ View Post
agreed, sequester was the best thing the republicans successfully achieved during the Obama admin. they better not make any deals that changes it.

more sequester!
Arguably the best thing either party achieved. I was really impressed by the Republican party on that. They aren't exactly owning it as a victory, but they're pretty much okay with the sequester now that it's in effect. They got a big victory in a rather destructive and roundabout fashion. In a different world, those cuts could have been achieved in a much better fashion.

The Democrats really failed to understand that there does seem to be a shift in the Republican party back to the principals of fiscal conservatism and just how much the Republican party was willing to sacrifice to realize them. The other thing is the 1% cut just really didn't have much effect on people. In some cases it did, especially in very rural areas which rely heavily on federal transfer payments. But for most of us, not much changed. I can still buy red meat at the supermarket, planes are still flying. We can actually cut the budget without the world ending.
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Old 11-03-2013, 05:27 AM
 
Location: Copenhagen, Denmark
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Yes, this will simply become another area of more "continuing resolution" budget measures.
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Old 11-03-2013, 10:46 AM
 
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What would it be like if USA politics ALLOWED for the USA to bring in more MONEY than they do currently?

Would we need secastration? Would we need to cut back on food stamps?
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