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Old 01-13-2011, 03:37 PM
 
Location: Chicagoland
41,325 posts, read 44,937,590 times
Reputation: 7118

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Quote:
Originally Posted by JazzyTallGuy View Post
The only thing the survey proves is how ignorant the average American is about how disasterous not raising the debt ceiling would be to America's standinng in the world, the value of the dollar, and how it would affect the world financial markets.
Raising the debt ceiling will come with drastic cuts in ALL levels of government, hopefully and elimination of non-essential programs and departments.
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Old 01-13-2011, 03:39 PM
 
10,875 posts, read 13,809,014 times
Reputation: 4896
Quote:
Originally Posted by ovcatto View Post
That's fine for next years budget, but it hardly does anything about THIS YEAR'S BUDGET!
The ball is in the republican's court, they have the power to cut off spending but that's not going to happen. They fought tooth and nail, threatening to shut down the entire government unless they got their tax cuts for the rich, no way they are going to repeal that. They won't cut defense spending as weapons manufactures would lose money, which has republicans on the pay roll. They won't repeal corporate welfare as big banks own them, and they won't repeal farm subsidies as they'll upset and/or lose their core voters.
By just repealing the tax cuts and pulling out of the middle east, we would save trillions.
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Old 01-13-2011, 03:42 PM
 
Location: Texas
38,859 posts, read 25,531,346 times
Reputation: 24780
Quote:
Originally Posted by TempesT68 View Post
By just repealing the tax cuts and pulling out of the middle east, we would save trillions.
^^^
This!
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Old 01-13-2011, 03:49 PM
 
3,204 posts, read 2,867,543 times
Reputation: 1547
Quote:
Originally Posted by blackandproud View Post
Wow...You learn something new every day. It took the OP to open my eyes to the fact that the Dems are responsible for the $14 trillion dollar debt all by themselves. Wow..$14 trillion in 4 years, that is a darn shame
..who need Facts when you have the OP rewritting history

Maybe you should try reading what the OP said. You look pretty silly right now. I'm sure your apology will be accepted.
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Old 01-13-2011, 03:52 PM
 
Location: Dallas, TX
31,767 posts, read 28,813,019 times
Reputation: 12341
Quote:
Originally Posted by oz in SC View Post
And???
The ceiling will be raised after the political posturing and drama expected.
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Old 01-13-2011, 03:54 PM
 
6,902 posts, read 7,536,673 times
Reputation: 2018
Quote:
Originally Posted by Isitmeorarethingsnuts? View Post
Maybe you should try reading what the OP said. You look pretty silly right now. I'm sure your apology will be accepted.

I know exactly what the OP is saying. WE as a whole were heading down hill fast before the Democrats took over. To blame this party for the state of the country, is ascenine. Answer this, What would the outlook have been IF none of the stimulas were passed? If the Banking and Auto industry had collapsed, what would unemployment be right now? So again I say...Wow in 4 years, its ALL the Democrats fault. It took me reading the OP to learn that....Who knew...
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Old 01-13-2011, 04:00 PM
 
31,387 posts, read 37,040,586 times
Reputation: 15038
Quote:
Originally Posted by TempesT68 View Post
They fought tooth and nail, threatening to shut down the entire government unless they got their tax cuts, no way they are going to repeal that.
That's what I find so immensely amusing.
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Old 01-13-2011, 04:04 PM
 
Location: Chicagoland
41,325 posts, read 44,937,590 times
Reputation: 7118
Quote:
Originally Posted by blackandproud View Post
I know exactly what the OP is saying. WE as a whole were heading down hill fast before the Democrats took over. To blame this party for the state of the country, is ascenine. Answer this, What would the outlook have been IF none of the stimulas were passed? If the Banking and Auto industry had collapsed, what would unemployment be right now? So again I say...Wow in 4 years, its ALL the Democrats fault. It took me reading the OP to learn that....Who knew...
If we didn't have $1+ trillion more in debt from the stimulus - that would be a good thing.

Neither the banking or the auto industry would have collapsed. the failed banks would have been purchased by other entities, GM and Chrysler would have gone through a normal bankruptcy/restructuring and come out the other side better for it, instead, they still have the massive burden of union benefits and pensions on their backs. And of course, the original investors would not have gotten he shaft.

Yes, from 2007, when the debt was $8.5 T to now, at almost $14 T, the democrats have been in control of the purse.
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Old 01-13-2011, 04:05 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,866,888 times
Reputation: 2519
Quote:
Originally Posted by EinsteinsGhost View Post
Which a lot of people think was a mistake... are you one of those?
Both major party candidates were useless.
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Old 01-13-2011, 06:34 PM
 
Location: Long Island
57,264 posts, read 26,192,233 times
Reputation: 15636
Quote:
If we didn't have $1+ trillion more in debt from the stimulus - that would be a good thing.
So the government should have just let things take their course and no one would have an issue.


Quote:
Neither the banking or the auto industry would have collapsed. the failed banks would have been purchased by other entities, GM and Chrysler would have gone through a normal bankruptcy/restructuring and come out the other side better for it, instead, they still have the massive burden of union benefits and pensions on their backs
.

Do you have any idea just how bad it was in the mid-west 2 years ago, yes they could have let them fail and chances are they would never be back. The investment in the auto industry was minimal to the investment in the financial companies. The failed banks with the junk mortgages would have been purchased buy whom?

Quote:
Yes, from 2007, when the debt was $8.5 T to now, at almost $14 T, the democrats have been in control of the purse.
I though GW was president in 2007& 2008 when he paid out the first stimulus or do you just congress. Did he veto the stimulus bill in 2008 and let bankruptcy takes its course?
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