bloodyminded Posted July 14, 2011 Report Posted July 14, 2011 Yes. He wants so-called "certainty" and "stability." So if that means other people taking on more and more unsustainable debt for him, so be it. That's a pretty promiscuous bit of blame-gaming. Quote As scarce as truth is, the supply has always been in excess of the demand. --Josh Billings
bush_cheney2004 Posted July 14, 2011 Report Posted July 14, 2011 That's a pretty promiscuous bit of blame-gaming. Nevertheless, it is more of a "too big to fail" mentality that continues the status quo, even as it is roundly criticized. Quote Economics trumps Virtue.
bloodyminded Posted July 14, 2011 Report Posted July 14, 2011 Nevertheless, it is more of a "too big to fail" mentality that continues the status quo, even as it is roundly criticized. I can buy that much, sure. Quote As scarce as truth is, the supply has always been in excess of the demand. --Josh Billings
punked Posted July 14, 2011 Report Posted July 14, 2011 That's a pretty promiscuous bit of blame-gaming. Well his math failed too many times in this thread for him to even try to pretend what would happen if the debt ceiling isn't raised. Quote
Shady Posted July 14, 2011 Report Posted July 14, 2011 Well his math failed too many times in this thread for him to even try to pretend what would happen if the debt ceiling isn't raised. My math hasn't failed. $200 billion in monthly revenue more than pays the $25 billion in debt servicing per month. Quote
punked Posted July 14, 2011 Report Posted July 14, 2011 My math hasn't failed. $200 billion in monthly revenue more than pays the $25 billion in debt servicing per month. But not for everything else Shady. WHAT DO YOU CUT? SS MEDICARE VETS Military or do you open the prisons? You would probably have to cut more then one choice. PS when you fire every public worker and freeze the economy you get less revenue to try maybe 150 billion probably less after you kill the economy not even enough to pay for Medicare, SS and the debt on its own never mind the military, vets, or keeping behind bars. Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 Hey, it's all good. Obama thought great speeches from a teleprompter could solve America's problems...he was wrong. Show me the money. Could it be that you have a highly privledged elite that are not good at running a nation of over 330 odd million? It will take the whole nation to be involved in a belt tightening approach to the problem - Not just the common Joe - ALL have to sacrifice a bit so all can maintain. The never ending supply of money has run out - and waging wars with a low profit margin - have only helped a few..Time to face reality "you can not keep making money with money or something out of nothing forever - There are physical limits living in the material world...maybe best NOT to show you the money Extending the national line of credit will only feed those who live beyond their means including government and their friends. If a person has a couple of million - they can float through the mess on the backs of those who have nothing...BUT - remember that those who have nothing are the ones who go to war - who dudge along - Try not paying the army for a year or so and ventures into oil rich places will cease. All the law making in the world will not help unless you have enforcers - and good ones. When a military person sees a vet or pensioner lose their benefits ..It will not inspire them to fight for their masters who will not pay them - That is the longer term vision - The mafia have one solid rule "Everyone must get paid" - makes sense to me. Quote
bush_cheney2004 Posted July 14, 2011 Report Posted July 14, 2011 (edited) Could it be that you have a highly privledged elite that are not good at running a nation of over 330 odd million? It will take the whole nation to be involved in a belt tightening approach to the problem - Not just the common Joe - ALL have to sacrifice a bit so all can maintain. The US isn't "run" by anybody...it is now the third most populous nation on the planet with lots of competing interests. The "poor Joe" pays less but gets more in government benefits. AARP is already geared for a fight. The never ending supply of money has run out - and waging wars with a low profit margin - have only helped a few..Time to face reality "you can not keep making money with money or something out of nothing forever - There are physical limits living in the material world...maybe best NOT to show you the money No....there is still plenty of cheap money available....more than ever before. That is different from the ideology of raising the debt ceiling. .... Try not paying the army for a year or so and ventures into oil rich places will cease. All the law making in the world will not help unless you have enforcers - and good ones. ....there's always the draft...remember that! When a military person sees a vet or pensioner lose their benefits ..It will not inspire them to fight for their masters who will not pay them - That is the longer term vision - The mafia have one solid rule "Everyone must get paid" - makes sense to me. Not a big factor in the overall scheme of things...they don't serve to protect pension benefits. Edited July 14, 2011 by bush_cheney2004 Quote Economics trumps Virtue.
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 Perfect! You said it all - Don't tell me that those rich old guys that sit in congress don't run America..they have influence.. as for your attitude it is the same as mine regarding the scenario. The idea that a draft - would work in an emergency is not realistic - times have changed - There is always Canada....oppps - sorry - our neo-what ever...have an agreement not to grant refuge to your run away slaves...we have to ship em back...boy BC...when are you going to run out of that cowboy rhetoricals? Looks like everybody down there has switched from white hats to black ones... Quote
bush_cheney2004 Posted July 14, 2011 Report Posted July 14, 2011 ...boy BC...when are you going to run out of that cowboy rhetoricals? Looks like everybody down there has switched from white hats to black ones... I am old...like you....have seen it all before. These young pups who squirm at the thought of not having free internet access or health care just amuse me. They have no idea what it used to be like without debt, and I suspect they don't want to find out. But mostly, America is just bored...what's left to do in this post modern world? Wars, moon landings, microchips, internet porn, nano robots, 3D movies (again), GMO foods, oil spills, nuclear disasters, and OJ...gimme something big and untamed (Pink). Quote Economics trumps Virtue.
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 I am old...like you....have seen it all before. These young pups who squirm at the thought of not having free internet access or health care just amuse me. They have no idea what it used to be like without debt, and I suspect they don't want to find out. But mostly, America is just bored...what's left to do in this post modern world? Wars, moon landings, microchips, internet porn, nano robots, 3D movies (again), GMO foods, oil spills, nuclear disasters, and OJ...gimme something big and untamed (Pink). Well said - I remember as a kid when my dad died - We sold off some property and lived okay for a while - Then the money was gone - we had a fifty pound bag of potatoes and some beef fat - we ate...and when the winter came - My brother and eye would take the toboggan with an old TV cabinet nailed to it as a container to gather up some scrap wood that my mother had arranged to be dumped in a pile - we burned the fire place to keep warm...we were poor but did not know it...we were happy - Take away the high def TV - the net and the kids will tremble in terror and panic. Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 You have it write BC - dear old mum would say "he that has no arms and legs is poor" _ where as my Canadian wife expected a never ending flow of cash 24 7 - She was a classic western consumer, only happy while spending - Now she understands but the game is over....she sure pressured the hell out of me - As her mother did to her father - who died embarassed because he could not keep up to his wifes spending. You don't need a lot to live - food - a clean bed - a bit of privacy and basic security...Grow a nice flower garden...paint the place...fake being rich. Quote
bush_cheney2004 Posted July 14, 2011 Report Posted July 14, 2011 (edited) ...we were poor but did not know it...we were happy - Take away the high def TV - the net and the kids will tremble in terror and panic. Right...if not now...when? When does the very game that they criticize stop, even as they demand more things for more people? Bernanke and Geitner have already got a game plan for when Obama loses this game of chicken, just as they should. Let the cutting begin....let it bleed! Edited July 14, 2011 by bush_cheney2004 Quote Economics trumps Virtue.
Chrissy1979 Posted July 14, 2011 Report Posted July 14, 2011 But not for everything else Shady. WHAT DO YOU CUT? He won't answer for the very reason I don't date Conservative guys. No balls. Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 Right...if not now...when? When does the very game that they criticize stop, even as they demand more things for more people? Benanke and Geitner have already got a game plan for when Obama loses this game of chicken, just as they should. Let the cutting begin....let it bleed! All will survive. A bit of blood and some bruising are recoverable injuries. I see where you are coming from. Same thing up here...I look at my youngest son - He works hard and makes good money - and buys every toy and trinket as if the money will flow forever. I was always taught by my parents to stick a dollar in your shoe if you are going into town. Today people think that money is strickly for spending and they do not keep a reserve. YOU need money to go and get money - when the well is dry you are dead in the water. This spend till it's gone is typical on all levels. When I was making money - always kept a little stack of hundreds hidden away...When I first started supporting the family - the spouse would ask how much money I made that week...If I made a thousand she would spend a thousand...so I started lying to her...If I made two thousand - I would say 700 - If I did not do that we would have eventually been homeless...You never spend more than you have unless you never plan to pay it back - The USA are like people with a credit card - who spend to the limit - and who have always had in mind the declaration of bankruptcy. Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 Sweet. Another drive-by post full of nothing by our resident laughing stock I never laugh at Bush Cheney - he grants great insight into the American spirit...If he was going to do a drive by posting - you would know it - this was a drive by toss the garbage out the window on your lawn. Quote
bush_cheney2004 Posted July 14, 2011 Report Posted July 14, 2011 I never laugh at Bush Cheney - he grants great insight into the American spirit...If he was going to do a drive by posting - you would know it - this was a drive by toss the garbage out the window on your lawn. No...it's OK, we know why some gawk at America like a train wreck.....it is all they have ever known. Such drama...will they raise the debt ceiling...or not? What they should be asking is how their fortunes became so entangled in foreign things they don't even control. ...looking good, Billy Ray! ....feeling good, Louis! Quote Economics trumps Virtue.
pinko Posted July 14, 2011 Report Posted July 14, 2011 (edited) After meeting for more than an hour with Senate Democrats, Treasury Secretary Timothy F. Geithner told reporters Thursday afternoon that “it’s time we move” because an Aug. 2 deadline for raising the debt ceiling cannot be postponed. He spoke of a new, more limited goal of the debt talks as making “some progress in dealing with our long-term fiscal problems”. “We’ve looked at all available options, and we have no way to give Congress more time to solve this problem, and we’re running out of time,” Geithner told a news conference just off the Senate floor. “The eyes of the country are on us, and the eyes of the world are on us, and we need to make sure that we stand together and send a definitive signal that we are going to take the steps necessary to avoid default.” http://www.washingtonpost.com/business/economy/democrats-bash-cantor-over-debt-talks/2011/07/14/gIQAMDrPEI_story.html?wpisrc=nl_pmpolitics Americans would “even pay more for their electric bills, groceries and gas” as a result of a default, Reid said, estimating the cost to the average family at more than $1,500. ------------------------------------------------------------------------------------------------------ Democratic Sens. Charles E. Schumer (N.Y.) and Mark Begich (Alaska) continued the bashing of Cantor at a subsequent news conference, describing him as the main obstacle to a debt-limit agreement. “Leader Cantor has yet to make a constructive contribution to these discussions,” Schumer said. “More than anything else, he is holding up an agreement at this point.” Reid agreed, saying Cantor “has not been constructive.” “And in the long run, it would wind up costing the government trillions — a fact Republicans shouting about the debt fail to mention,” he said. “Every 1 percent increase in interest rates will cost the nation $1.3 trillion.” Edited July 14, 2011 by pinko Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 No...it's OK, we know why some gawk at America like a train wreck.....it is all they have ever known. Such drama...will they raise the debt ceiling...or not? What they should be asking is how their fortunes became so entangled in foreign things they don't even control. ...looking good, Billy Ray! ....feeling good, Louis! Greed and disloyalty towards their own - Once a corporation makes ten billion bucks - they want twenty billion bucks - if it means off shoring jobs...and the continued levering of finacial resourses - they simply could not help them selves..poor babies - I fell so sorry for them...pass that bottle of fine Napoleon brandy before the lawyers show up. Quote
punked Posted July 14, 2011 Report Posted July 14, 2011 (edited) From the Washington Post "On Aug. 3, the Treasury is set to receive about $12 billion in tax revenue — mainly from people paying their taxes late — and is slated to spend $32 billion, including sending out more than 25 million Social Security and disability checks at a cost of $23 billion, according to Powell’s analysis. Obama could decide to pay half of the Social Security checks and ignore other bills coming due that day, which include $500 million in federal salaries and $1.4 billion in payments to defense contractors. Or he could decide not to make any Social Security payments and instead hoard tax revenues to pay investors in U.S. bonds. A failure to pay those investors would severely destabilize the financial system, analysts say." Please Shady come tell me some more about how Obama is a big meanie and wants to scare people. You can't do math and you don't understand what is going on in the States so please just stop. You want me to go into how you don't understand the situation some more Shady? It isn't as simple as the government gets 200 billion in Aug (which it wont anyway) the government runs in a complex way which you know NOTHING about. That much is clear. Edited July 14, 2011 by punked Quote
jacee Posted July 14, 2011 Report Posted July 14, 2011 From the Washington Post "On Aug. 3, the Treasury is set to receive about $12 billion in tax revenue ? mainly from people paying their taxes late ? and is slated to spend $32 billion, including sending out more than 25 million Social Security and disability checks at a cost of $23 billion, according to Powell?s analysis. Obama could decide to pay half of the Social Security checks and ignore other bills coming due that day, which include $500 million in federal salaries and $1.4 billion in payments to defense contractors. Or he could decide not to make any Social Security payments and instead hoard tax revenues to pay investors in U.S. bonds. A failure to pay those investors would severely destabilize the financial system, analysts say." Kind of a no brainer ... The defense contractors can wait. :-] Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 Much like either pay the landlord or buy food. Will the landlord survive for a month or two without the extra cash? Will the tenant surive without the food? Investors and the other money lenders should take the situation in hand and ask themselves - can we take a hit for the nation? It is unlikely that the whole finacial sector world wide would collapse. It is more likely that there would be great chaos and mayhem if you starve the most vulnerable - who knows - maybe Obama does want to destroy America - or maybe he doesn't...I don't have a clue what they are up too. Quote
punked Posted July 14, 2011 Report Posted July 14, 2011 Kind of a no brainer ... The defense contractors can wait. :-] Defense contractors make the bullets that defend the troops over seas, they would also supply the oil which if you chose to stop the wars because of this would get the troops home. They really can't wait. BTW that is the decision you make the FIRST day, not the first month, THE FIRST DAY if nothing is passed like Shady acts like is no big deal. Quote
punked Posted July 14, 2011 Report Posted July 14, 2011 Much like either pay the landlord or buy food. Will the landlord survive for a month or two without the extra cash? Will the tenant surive without the food? Investors and the other money lenders should take the situation in hand and ask themselves - can we take a hit for the nation? It is unlikely that the whole finacial sector world wide would collapse. It is more likely that there would be great chaos and mayhem if you starve the most vulnerable - who knows - maybe Obama does want to destroy America - or maybe he doesn't...I don't have a clue what they are up too. the troops wont survive with out bullets. This isn't Obama it is Eric Cantor who wont accept any agreement. Obama has put a number of solutions forward. The republicans act they can't even get 40 votes, that is what they need because Pelosi can get her people because she a leader. It would still require a revenue increase though. All they need is 40 Republicans to make sure Seniors get paid, the troops are ok, and criminals stay in prison and the Republicans say they can't do it. Make no mistake you my friend are willfully ignorant. Quote
Oleg Bach Posted July 14, 2011 Report Posted July 14, 2011 the troops wont survive with out bullets. This isn't Obama it is Eric Cantor who wont accept any agreement. Obama has put a number of solutions forward. The republicans act they can't even get 40 votes, that is what they need because Pelosi can get her people because she a leader. It would still require a revenue increase though. All they need is 40 Republicans to make sure Seniors get paid, the troops are ok, and criminals stay in prison and the Republicans say they can't do it. Make no mistake you my friend are willfully ignorant. Not willful in the least - just not informed nor have I taken the time and effort to do so..You seem to know the details - carry on. Quote
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