Thread: debt ceiling
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Old 07-29-2011, 12:02 PM   #193 (permalink)
aceventura3
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Quote:
Originally Posted by Baraka_Guru View Post
What are the Tea Party's concerns and issues? Let me guess: no debt ceiling raise, no revenue increase, further tax cuts, extensive spending cuts.
The simplest way to put it is:

Government spending.

Quote:
Obama has done little recently but work towards giving Republicans what they want without alienating his entire party. He's already aliented much of it as it is.
Obama has not had legislation or a budget presented in either the House or the Senate that appeals to moderate Republicans or Democrats. He may have talked about it in generalities behind the scenes, I simply suggest that his most simple and direct way of handling this problem would be to appeal directly to moderates and force moderates on both sides of the aisle to formally vote on moderate legislation. I am not a moderate and probably should not be advising moderates, but they actually still control Washington. I argue that Obama has created a divide that has actually forced moderates to the more extreme wings of either party. If Obama can't work with Boehner I doubt there is any Republican he could work with.

McConnell in the Senate offered a plan that shifted the authority and the whole issue away from the Tea Party and put it directly in Obama's control. Obama hasn't supported that either.

Quote:
Why don't you believe Obama is serious about cutting spending? He's been addressing the deficit issue since 2009. However, reducing deficits while creating jobs is a tough thing to do simultaneously during a deep recession.

You don't think Obama wants to reduce deficits? Why?
Because of, one, the history of spending in Washington before Obama. Two, the accelerated spending that has occurred since Obama. Three, Obama's obsession with increasing taxes. Four, his words having no value.

Example regarding point four. Today, Obama says a rating down grade will lead to higher interest rates (true), and that it will be like a tax (kinda true) affecting every American in a negative manner (paraphrasing his words but not true at all). True, some US debt is held by foreigners - but for every dollar one person, corporation or government pays in higher interest, another person, corporation government receives in interest income - theoretically the net is zero. Or, in simple terms borrowers (specifically new borrower or those with variable rates) pay more and lenders earn more. And guess what, most of that interest is taxable income.

Obama knows better or at least those Phd. economists on his team know better - he either lies, tells half truths, etc. to support his political messaging. I don't like it and I will never take his word on anything. If you and others trust him without question, that is up to you, but understand that I have closely listen to his words over the past several years and there are definite patterns in what he does that supports my distrust of his words.

---------- Post added at 08:02 PM ---------- Previous post was at 07:51 PM ----------

Quote:
Originally Posted by roachboy View Post
dogzilla...such things only "speak for themselves" in bullshitland.
Taxes collected by government or "revenues" went up under Bush. Those "revenues" have gone down under Obama. Today they announced Q2 GDP growth, 1.3% and adjusted Q1 GDP growth 0.4%.

Turning back the clock I remember people tripping over themselves trying to say the US was in a recession long before GDP growth rates went negative under Bush. Today, not a word - yet alone the persistent and under stated unemployment rates.
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Last edited by aceventura3; 07-29-2011 at 11:53 AM..
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