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Old 03-17-2011, 05:09 PM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720

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The debt is getting away from us.
Congress says let's cut $6 billion while the debt increased $72 billion in 24 HOURS !!!

U.S. Debt Jumped $72 Billion Same Day U.S. House Voted to Cut Spending $6 Billion | CNSnews.com
"If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would manage to save between now and late November as much money as the Treasury added to the nation’s net debt during just the business hours of Tuesday, March 15."
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Old 03-17-2011, 05:18 PM
 
29,981 posts, read 42,953,749 times
Reputation: 12828
They are nto even cutting fast enough to keep up with the interest payments on our debt and yet the Democrats whine over every cut proposal.

We need to cut the government spending by 50% ASAP. Way past time to get serious about cutting spending. Just do it rather than death by 1000 papercuts.
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Old 03-17-2011, 05:28 PM
 
Location: Redondo Beach, CA
7,835 posts, read 8,444,205 times
Reputation: 8564
Gee, too bad REPUBLICANS threw a tantrum to not let the Bush tax cuts expire like they were supposed to.

Too bad they issued them in the first place, considering they had to skirt pay-go rules in order to do so (which is why the sunset date existed in the first place).

Yeah, Republicans are fiscally conservative my @s$.
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Old 03-17-2011, 05:40 PM
 
Location: The middle of nowhere Arkansas
3,325 posts, read 3,172,001 times
Reputation: 1015
Quote:
Originally Posted by HappyTexan View Post
The debt is getting away from us.
Congress says let's cut $6 billion while the debt increased $72 billion in 24 HOURS !!!

U.S. Debt Jumped $72 Billion Same Day U.S. House Voted to Cut Spending $6 Billion | CNSnews.com
"If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would manage to save between now and late November as much money as the Treasury added to the nation’s net debt during just the business hours of Tuesday, March 15."
Looks like it's time for a plan b.
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Old 03-17-2011, 06:04 PM
 
1,472 posts, read 2,631,807 times
Reputation: 564
Default A must-read article

Obama OMB | Nominee admits president's budget adds to deficit | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

I love how the Obamabots are crumbling under questioning....it's awesome.
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Old 03-17-2011, 06:15 PM
 
2,023 posts, read 5,314,914 times
Reputation: 2004
Time to stop with the democrat vs republican divisive nonsense and realize that its the Federal Reserve that's completely out of control and the central bankers. We don't have to have a national debt or austerity measures at all.
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Old 03-17-2011, 06:16 PM
 
Location: Pleasant Ridge, Cincinnati, OH
1,040 posts, read 1,335,170 times
Reputation: 304
It's interesting to me. The US debt has been increasing pretty much without fail since the US completely abandoned the gold standard in 1971. You see, there's nothing preventing the Fed from printing more money for the government to borrow now. Not to mention, you make a truckload of profit when you collect interest on money created from thin air - even if you don't charge very much interest. So, the Fed will always be there to lend more money to the government.

It's kind of like giving an addict an unlimited supply of cocaine. It's only a matter of time until they self-destruct. I hope not, though. One of these days someone has to realize that you can't continue to borrow money for eternity without selling your soul into slavery.
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Old 03-17-2011, 06:18 PM
 
Location: The Republic of Texas
78,863 posts, read 46,663,022 times
Reputation: 18521
This is what happens when Harry Reid is still sitting over there on his thrown.

He would never do what is right. He would let the big cuts die and never bring a vote.


I'm all for Rand Paul's bill to cut 500 million, but it needs to be 500 billion.
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Old 03-17-2011, 10:34 PM
 
570 posts, read 882,895 times
Reputation: 539
Quote:
Originally Posted by BentBow View Post

I'm all for Rand Paul's bill to cut 500 million, but it needs to be 500 billion.
? lol.. it is for 500 billion..
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Old 03-17-2011, 10:37 PM
 
5,719 posts, read 6,451,117 times
Reputation: 3647
Borrowing is so cheap right now, massive cuts make no sense.

The government can inject capital into the economy by buying debt with cheap interest rates. Why are we rushing to cut? It could cause a double dip.
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