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Old 09-19-2013, 08:59 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383

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Quote:
Originally Posted by Winter_Sucks View Post
The sequester was a bad way of cutting spending. It punished agencies that spent more wisely than other agencies that didn't do a good job cutting costs prior to the sequester. There are better ways of cutting spending than doing the sequester. We also should do tax reform that broadens the base and lowers rates, but one that also increases revenue to bring down the deficit.
Wait, you're starting to sound like a Republican with all of that common sense talk about taxing those who arent paying while lowering the rates to increase revenues.

Someone notify Winter that someone hijacked his account because he's now starting to say the same crap I've been saying for years, while he's been telling me I'm wrong

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Old 09-19-2013, 09:00 AM
 
22,768 posts, read 30,719,635 times
Reputation: 14745
Quote:
Originally Posted by Little-Acorn View Post
Obama announced today that raising the National Debt Ceiling does not increase our debt.

That's like saying that opening the fence gate does not let the horses out.
You Tea Party people should stay away from monetary policy, and stick to topics y'all know about, like barnyard animals.
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Old 09-19-2013, 09:01 AM
 
13,900 posts, read 9,766,243 times
Reputation: 6856
Quote:
Originally Posted by fordlover View Post
That's like saying flipping the light switch on doesn't make the light bulb come on, electricity does.
If Congress approved an increase to the debt ceiling to allow the Treasury to borrow up to $100 trillion in debt, that doesn't mean the nation's debt load is $100 trillion.
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Old 09-19-2013, 09:01 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by Winter_Sucks View Post
When did I say Obama isn't responsible for bills he signs into law. Obama clearly has increased our national debt. I also understand the context in which he has increased the national debt, so there is some nuance to my reasoning.
Then why do you spend so much time blaming Congress for laws Obama signed into law? Its very hypocritical of you to waaa waaa waaa, Bush all the time, and then switch to Congress when we're discussing Obama..
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Old 09-19-2013, 09:03 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by Winter_Sucks View Post
If Congress approved an increase to the debt ceiling to allow the Treasury to borrow up to $100 trillion in debt, that doesn't mean the nation's debt load is $100 trillion.
If the debt ceiling goes to $100 trillion, you can bet there would be an adjustment in the credit rating, even if the debt load doesnt go to $100 trillion.

Its no different than having credit card limits of $100K, on a $10K a year salary. Credit agencies view your credit limit as an excess and adjusts your rates accordingly..

To proclaim simply raising the debt ceiling doesnt raise the debt is stupidity because creditors look at the line of credit as well.
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Old 09-19-2013, 09:03 AM
 
13,900 posts, read 9,766,243 times
Reputation: 6856
Quote:
Originally Posted by pghquest View Post
Then why do you spend so much time blaming Congress for laws Obama signed into law? Its very hypocritical of you to waaa waaa waaa, Bush all the time, and then switch to Congress when we're discussing Obama..
When did I talk about Bush? Obama clearly has responsibility for the laws he signs as does Congress who writes the laws.
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Old 09-19-2013, 09:05 AM
 
13,900 posts, read 9,766,243 times
Reputation: 6856
Quote:
Originally Posted by pghquest View Post
If the debt ceiling goes to $100 trillion, you can bet there would be an adjustment in the credit rating, even if the debt load doesnt go to $100 trillion.

Its no different than having credit card limits of $100K, on a $10K a year salary. Credit agencies view your credit limit as an excess and adjusts your rates accordingly..

To proclaim simply raising the debt ceiling doesnt raise the debt is stupidity because creditors look at the line of credit as well.
I have a credit card with a $6,000 limit, that doesn't mean I have $6,000 worth of debt.
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Old 09-19-2013, 09:07 AM
 
Location: Annandale, VA
5,094 posts, read 5,171,657 times
Reputation: 4232
Quote:
Originally Posted by pghquest View Post
Then maybe they should stop racking up so many dam bills that they cant pay them.

Everyone should go to McDonald's and order the "Obamameal". You get to eat it and the person behind you has to pay for it.

It is slightly better than the "Hillarymeal" from KFC which is "two large thighs and two left wings".
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Old 09-19-2013, 09:07 AM
 
Location: Great Falls, Montana
4,002 posts, read 3,903,605 times
Reputation: 1398
“Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.” ~ Barack Obama
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Old 09-19-2013, 09:08 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by Winter_Sucks View Post
When did I talk about Bush? Obama clearly has responsibility for the laws he signs as does Congress who writes the laws.
Oh please.. you dont stop whining about Republican Presidents adding to the debt

//www.city-data.com/forum/28091586-post6.html

Well then switching to Congress everytime someone discusses Obama.. Almost like he's immune..

If you want to stop being a hypocrite, stop flip flpping and embarassing yourself

Btw.. what happened to the obama debt commission? And where did the Obama go who said raising the debt ceiling is iresponsible?
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