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Old 02-03-2010, 10:36 AM
 
29,984 posts, read 40,678,243 times
Reputation: 12803

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This is exactly why remaining unspent TARP funds and those repaid need to be immediately applied to our debt rather than allowing the Obama administration to use it for their "slush fund".

How about cancelling the superbowl party in the WH basement or telling anyone attending they need to chip in for their own refreshments? How about putting a hiring freeze on the Federal Government for employees non-essential to national security? How about no raises for Congress? How about not funding foriegn aid when we don't have the cash on hand to back it?

Obama is an elitist piece of work living like a low-class welfare recipient who just hit the jackpot and is now living high on the hog paid for by other people's money. Any Congressional member who is not voting for serious cuts in his joke of a budget that is propped up by "faux funds" of taxes from non-existant legislation is no better.

When are people going to stop believing the rhetoric and start paying attention to the actions of this administration?
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Old 02-03-2010, 10:38 AM
 
Location: Oxygen Ln. AZ
9,320 posts, read 17,759,273 times
Reputation: 5744
Quote:
Originally Posted by LibertyandJusticeforAll View Post
Planned destruction
Maybe its just me but it's like they are doing it on purpose and want it to break.
You wouldnt act this way knowing what you know.
Any sane person that is.
I agree. I am very suspicious of this administrations call to create jobs. If Obama were so smart why would he continue down this road and destroy the economy even more? Or is he that smart after all and this is his goal? I have a friend here who knows Obama and has sat down with him and he says that he is a very, very smart man. So when the crash happens, we can only conclude that it was his intent.
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Old 02-03-2010, 10:58 AM
 
29,984 posts, read 40,678,243 times
Reputation: 12803
Quote:
Originally Posted by MotleyCrew View Post
I agree. I am very suspicious of this administrations call to create jobs. If Obama were so smart why would he continue down this road and destroy the economy even more? Or is he that smart after all and this is his goal? I have a friend here who knows Obama and has sat down with him and he says that he is a very, very smart man. So when the crash happens, we can only conclude that it was his intent.
Manchurian Candidate
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Old 02-03-2010, 11:07 AM
 
69,364 posts, read 60,477,082 times
Reputation: 9376
Quote:
Originally Posted by twowolves View Post
Treasury Dept: Expect to hit recently increased debt ceiling by the end of FEBRUARY! Yes, that would be 25 days from now.

Good going Obama and Congress! The epitome of RECORD SPENDING UNDER THE DEMOCRATS. And maybe a 'record' in and of itself....?

I worry for our financial future, inflation and my children's future. How much will a gallon of milk cost in 10 months?

Hopefully the Obama-backers on here have lots of $$$ for what's to come.
Cuz it's comin......
I'm sorry.. I'm going to have to play stupid here and respond like a liberal..

That cant possibly be true.. Do you have a source?
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Old 02-03-2010, 11:13 AM
 
Location: Sinking in the Great Salt Lake
13,145 posts, read 21,230,533 times
Reputation: 14072
No really, it's all doable. I just did the math. The sun is about 1/2 way through it's lifecycle, so we only need to pay about 267.00 a month toward our national debt to pay off 12 trillion before the sun burns out. And interest rates are LOW LOW LOW!
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Old 02-03-2010, 11:41 AM
 
10,536 posts, read 12,883,144 times
Reputation: 2812
Quote:
Originally Posted by pghquest View Post
I'm sorry.. I'm going to have to play stupid here and respond like a liberal..

That cant possibly be true.. Do you have a source?
I think they're referring to the debt ceiling prior to the increase. Either way, it's bad.

"The Treasury Department said Wednesday that it expects to reach the government's limit on borrowing, known as the debt ceiling, by the end of this month. The debt ceiling is currently $12.4 trillion. The Senate has approved an increase to $14.3 trillion but the House has yet to act."

Treasury Expects to Hit Debt Ceiling in February - ABC News
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Old 02-03-2010, 11:49 AM
 
Location: Wisconsin
30,580 posts, read 17,442,955 times
Reputation: 9920
Quote:
Originally Posted by twowolves View Post
Treasury Dept: Expect to hit recently increased debt ceiling by the end of FEBRUARY! Yes, that would be 25 days from now.

Good going Obama and Congress! The epitome of RECORD SPENDING UNDER THE DEMOCRATS. And maybe a 'record' in and of itself....?

I worry for our financial future, inflation and my children's future. How much will a gallon of milk cost in 10 months?

Hopefully the Obama-backers on here have lots of $$$ for what's to come.
Cuz it's comin......
Does this count the new bailout for Fannie and Freddy? F&F should stop all new business and simply fade away.
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Old 02-03-2010, 12:47 PM
 
1,472 posts, read 2,480,194 times
Reputation: 561
Quote:
Originally Posted by Rggr View Post
I think they're referring to the debt ceiling prior to the increase. Either way, it's bad.

"The Treasury Department said Wednesday that it expects to reach the government's limit on borrowing, known as the debt ceiling, by the end of this month. The debt ceiling is currently $12.4 trillion. The Senate has approved an increase to $14.3 trillion but the House has yet to act."

Treasury Expects to Hit Debt Ceiling in February - ABC News
thanks for posting this source for me, I actually heard it this morning on FNC and posted immediately.
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Old 02-03-2010, 01:22 PM
 
29,984 posts, read 40,678,243 times
Reputation: 12803
Cut the budget and employees of the IRS and go to a flat tax instead. Imagine how much money funding the IRS gobbles up each year!
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Old 02-03-2010, 01:26 PM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,894 posts, read 17,390,977 times
Reputation: 6460
Quote:
Originally Posted by whatyousay View Post
It's truly frightening considering by the end of this year we will be paying $200 billion in interest payments alone. That's money that could have gone to help pay for HCR.
Oh no. whatyousay don't you know, Obama says we need it, then i guess golly gee, we need it. He doesn't have a clue.
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