Debt Ceilinged

[Conan71]

I have to agree that most members of Congress, regardless of party, are hypocrites.

One of you guys needs to run next time.

I hate Congress so that would make me a huge hypocrite from the get go.

[Red Arrow]

I have to agree that most members of Congress, regardless of party, are hypocrites.

One of you guys needs to run next time.

Why?  Do you think we are hypocrites too?

[Teatownclown]

It's the Military, Stupid!: Don't Blame America's Debt Crisis on Social Security and Medicare (Especially on Memorial Day Weekend)

http://www.thiscantbehappening.net/node/639

"If the US would just cut its military spending down to size, instead of spending as much as the rest of the world combined on war or preparing for war--say by 75%--it would free up more than $450 billion a year that could go towards funding things like improved education, research into alternative energy, improving health care access, and paying down the deficit, too. Toss in cuts in the outsized $40+ billion annual secret intelligence budget, in the nation's obsolete and dangerous nuclear weapons program and other ancillary military-related expenditures, and we're talking about saving half a trillion dollars a year!"

Cut deficits ...cut Corporate Welfare! Leave the poor alone!

And B!tch McConnel is a traitor to the United States to hold our economy hostage over medicare. Just a reminder: John Boehner, House Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell, and Senate Minority Whip Jon Kyl all voted to increase the debt limit a combined total of 19 times during the Presidency of George W. Bush.

[Townsend]

So the Republicans defeated their own proposal?

House Republicans engineered Tuesday the defeat of their own proposed $2.4 trillion increase in the debt limit. The vote Tuesday was 97-318, far below the two-thirds majority needed for passage.

Tuesday's vote was the second show vote in as many weeks: Last week, Democrats in the Senate forced Republicans to vote on a House GOP proposal that would make controversial changes to Medicare.

When House GOP leaders scheduled Tuesday's vote simply to raise the debt ceiling by another $2.4 trillion, they knew that the entire House Republican caucus would be trooping to the White House on Wednesday to meet with President Obama.

http://www.npr.org/2011/05/31/136829602/house-to-vote-on-debt-ceiling-bill

[Conan71]

It's the Military, Stupid!: Don't Blame America's Debt Crisis on Social Security and Medicare (Especially on Memorial Day Weekend)

http://www.thiscantbehappening.net/node/639

"If the US would just cut its military spending down to size, instead of spending as much as the rest of the world combined on war or preparing for war--say by 75%--it would free up more than $450 billion a year that could go towards funding things like improved education, research into alternative energy, improving health care access, and paying down the deficit, too. Toss in cuts in the outsized $40+ billion annual secret intelligence budget, in the nation's obsolete and dangerous nuclear weapons program and other ancillary military-related expenditures, and we're talking about saving half a trillion dollars a year!"

Cut deficits ...cut Corporate Welfare! Leave the poor alone!

And B!tch McConnel is a traitor to the United States to hold our economy hostage over medicare. Just a reminder: John Boehner, House Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell, and Senate Minority Whip Jon Kyl all voted to increase the debt limit a combined total of 19 times during the Presidency of George W. Bush.

Unfortunate reality is a significant segment of the U.S. economy has become dependent on the military teat.  Eisenhower was right.

That said, the military has helped spur things which have become useful to civilians like GPS, advances in aircraft which have translated down to quicker and more fuel efficient air travel, alternative fuel development and use.  Cutting 75% out of their budget would have a devastating impact on the economy.  Figure out how to wean them over 10-20 years without causing an economic cataclysm and you might win the Nobel Peace Prize.

[guido911]

So the Republicans defeated their own proposal?

http://www.npr.org/2011/05/31/136829602/house-to-vote-on-debt-ceiling-bill

That's a matter of perspective. As I recall, Obama and the dems wanted a "clean bill" on raising the debt ceiling and Boehner gave them exactly that. Here is the dem letter:

http://welch.house.gov/images/stories/PDF/debtceiling04152011.pdf

[Townsend]

That's a matter of perspective. As I recall, Obama and the dems wanted a "clean bill" on raising the debt ceiling and Boehner gave them exactly that. Here is the dem letter:

http://welch.house.gov/images/stories/PDF/debtceiling04152011.pdf

A skewed perspective says no?

The letter, what is your perspective on it?

[guido911]

A skewed perspective says no?

The letter, what is your perspective on it?

Don't know since I do not have a list of all the signatories and how they ultimately voted yesterday. I thought the letter had 114 people signing it, yet that was not the number who ultimately voted on the clean bill.

[Townsend]

Don't know since I do not have a list of all the signatories and how they ultimately voted yesterday. I thought the letter had 114 people signing it, yet that was not the number who ultimately voted on the clean bill.

I started looking them up but started to lose the will to live after the first one.

The US congress is starting to remind me of the Tulsa City Council.

[Teatownclown]

Anybody lose a little "value" today in their savings/retirement accounts? Is this the first stroke in this hypocritical politician fighting that will continue to erode your nest egg?

Confidence is everything. Call Mitch the B!tch or that crybaby Boner or even you own Rip Sully and/or Senaturds
and tell them to avoid costing you your pensions and savings before it's too late....

[guido911]

Anybody lose a little "value" today in their savings/retirement accounts? Is this the first stroke in this hypocritical politician fighting that will continue to erode your nest egg?

Confidence is everything. Call Mitch the B!tch or that crybaby Boner or even you own Rip Sully and/or Senaturds
and tell them to avoid costing you your pensions and savings before it's too late....

Please, shut the hell up.

[Teatownclown]

Please, shut the hell up.

Cause and Effect? Dow Drops 280 Points 24 Hours after House GOP Votes Against Raising Debt Ceiling
http://www.pensitoreview.com/2011/06/02/cause-and-effect-dow-drops-280-points-24-hours-after-house-vote-against-raising-debt-ceiling/

"Imagine the firestorm that would raging on Republican propaganda outlets right now if the stock market had dropped 2.2 percent within 24 hours after Democrats had voted unanimously not to raise the nation's debt ceiling.

The entire right-wing noise machine — from Fox & Friends to Limbaugh, from Hannity to O'Reilly — would be singing the same refrain: The stock market has sent a clear message of disapproval over the Democrats' irresponsible vote. Whether that assertion was true would not matter. They would make it true simply by unanimously agreeing that it was.

But because it was Republicans who voted irresponsibly, right-wing media sees no relationship between the vote and market drop.

And, of course, neither does the "liberal" lamestream corporate inside-the-Beltway media."

[TulsaMoon]

Wish this site had an ignore button...

[Gaspar]

Sitting in my hotel room in Indianapolis LMFAO!!!

I don't think I could get through the day without some of the stuff posted on this forum.

Thank you all for the joy you give me.

[we vs us]

Moody's will review US credit rating if there's no move in the debt ceiling by July.

http://www.moodys.com/research/Moodys-Updates-on-Rating-Implications-of-US-Debt-Limit-Long?lang=en&cy=global&docid=PR_220066

New York, June 02, 2011 -- Moody's Investors Service said today that if there is no progress on increasing the statutory debt limit in coming weeks, it expects to place the US government's rating under review for possible downgrade, due to the very small but rising risk of a short-lived default. If the debt limit is raised and default avoided, the Aaa rating will be maintained. However, the rating outlook will depend on the outcome of negotiations on deficit reduction. A credible agreement on substantial deficit reduction would support a continued stable outlook; lack of such an agreement could prompt Moody's to change its outlook to negative on the Aaa rating.

Although Moody's fully expected political wrangling prior to an increase in the statutory debt limit, the degree of entrenchment into conflicting positions has exceeded expectations. The heightened polarization over the debt limit has increased the odds of a short-lived default. If this situation remains unchanged in coming weeks, Moody's will place the rating under review.