If the US defaults, whose will the fault be?

[Guns Guns Guns]

Republicans in Congress are endangering the economic recovery and the nation’s fiscal health by fiercely clinging to their absurd objection to any budget solution that includes new revenues.

A cuts-only budget-balancing approach would devastate programs that benefit the poor and working classes

It would also be a knife in the economic back for millions of other people, from retirees to hospitals to federal contractors, and would smother the economic recovery.

Federal tax rates are historically low.

Restoring them merely to Reagan-era levels would go a long way toward facing the budget crisis.

As a percentage of the U.S. gross domestic product, federal government receipts haven’t been this low since the Korean War.

Arguments that taxes on the wealthy cannot be raised, or that those who run hedge funds, fly private jets or are charging nearly $4 for a gallon of gasoline cannot afford to lose $400 billion in tax benefits over the next decade are insulting the intelligence of the American people.

Republicans are boycotting necessary and urgent budget talks because they absolutely will not budge.








http://www.sltrib.com/sltrib/opinion/52099412-82/budget-republicans-economic-federal.html.csp

 

[Bonestorm]

Back in March, the Republicans argued that a successful deficit reduction plan would be composed of 85% spending cuts and 15% revenue increases. This is the chart they used:

The president has reportedly agreed to $2T in spending cuts and is pushing for $400 billion in revenue increases, a mix of roughly 83% spending cuts and 17% revenue increases. In response, the Republicans walked, demanding 100% spending cuts.

Under the circumstances, it shouldn't be too tough to apportion blame if a deal is not struck.



http://www.washingtonpost.com/blogs...eduction-report/2011/05/19/AGTcR2rH_blog.html

 

[SmarterthanYou]

everyone.

congress.

president.

senate.

state govs.

liberals.

conservatives.

idiots that don't vote.

idiots that don't care.

adults under 25.

adults over 65.

 

[Guns Guns Guns]

So you agree that defaulting on the national debt is a problem?

 

[Minister of Truth]

Everyone is not given, but it is the best answer.

 

[Guns Guns Guns]

Is defaulting on the national debt a problem?

 

[Minister of Truth]

Is defaulting on the national debt a problem?

Let's jack up the budget to $100 Trillion annual. As long as we find a way to keep playing the game, and don't default, then everything is alright. Right?

 

[Guns Guns Guns]

Let's jack up the budget to $100 Trillion annual. As long as we find a way to keep playing the game, and don't default, then everything is alright. Right?

Did I say that?






I asked you if defaulting on the national debt is a problem.






Is English your second language, or don't you want to answer the question?

 

[Cancel 2016.2]

Back in March, the Republicans argued that a successful deficit reduction plan would be composed of 85% spending cuts and 15% revenue increases. This is the chart they used:

The president has reportedly agreed to $2T in spending cuts and is pushing for $400 billion in revenue increases, a mix of roughly 83% spending cuts and 17% revenue increases. In response, the Republicans walked, demanding 100% spending cuts.

Under the circumstances, it shouldn't be too tough to apportion blame if a deal is not struck.



http://www.washingtonpost.com/blogs...eduction-report/2011/05/19/AGTcR2rH_blog.html

Yes, assigning blame would indeed be easy.

Obama wanted to keep spending as usual and proposed a budget that would do just that.
The Senate then rejected his absurdity 97-0
The Obama then commissioned Bowles and Simpson to produce a report on how to reduce the deficit
They came back with a well thought out report that cut the deficit by $4 Trillion...
The Obama then completely ignored that and decided to go back to the beginning....

As of today, there is NO budget proposal by the US Senate or Obama.

Yeah.... the blame will be quite easy to assign.

 

[Bonestorm]

Yes, assigning blame would indeed be easy.

Obama wanted to keep spending as usual and proposed a budget that would do just that.
The Senate then rejected his absurdity 97-0
The Obama then commissioned Bowles and Simpson to produce a report on how to reduce the deficit
They came back with a well thought out report that cut the deficit by $4 Trillion...
The Obama then completely ignored that and decided to go back to the beginning....

As of today, there is NO budget proposal by the US Senate or Obama.

Yeah.... the blame will be quite easy to assign.

Hilarious.

 

[Minister of Truth]

Did I say that?


I asked you if defaulting on the national debt is a problem.







Is English your second language, or don't you want to answer the question?

You are trying extort Americans into living with higher spending, taxes and/or deficits, by holding our credit rating over our heads.

In our government, Republicans have decided they will play into this by enabling Dems further, by refusing to authorize budgets which include modest revenue proposals. This doesn't make the Dems extortion tactics any less severe, but simply makes the Republicans equally retarded.

Obviously, defaulting is bad, but we will always be a step away from defaulting if Dems remain shopiholic assholes, and Reps remain uncompromising assholes.

 

[Cancel 2016.2]

Hilarious.

Actually, the complete lack of leadership from our President is quite scary. Never before has someone so afraid of 'leading' been in the White House.

 

[Guns Guns Guns]

You are trying extort Americans into living with higher spending, taxes and/or deficits, by holding our credit rating over our heads. In our government, Republicans have decided they will play into this by enabling Dems further, by refusing to authorize budgets which include modest revenue proposals. This doesn't make the Dems extortion tactics any less severe, but simply makes the Republicans equally retarded. Obviously, defaulting is bad, but we will always be a step away from defaulting if Dems remain shopiholic assholes, and Reps remain uncompromising assholes.

I'm trying extort Americans into living with higher spending? How's that, Mr Groan? Or should I address you as Legion Fag?

 

[Bonestorm]

Actually, the complete lack of leadership from our President is quite scary. Never before has someone so afraid of 'leading' been in the White House.

Hilariouser. I guess the real leadership is from Eric Cantor who walked out on the negotiations while he shorts the US government.

 

[Cancel 2016.2]

Hilariouser. I guess the real leadership is from Eric Cantor who walked out on the negotiations while he shorts the US government.

Just showing you that your 'I can blame Reps' is not the only argument out there. Both parties will take the heat if this goes belly up. I know you and the other lefties will try to paint it all as a Rep problem, but your beloved master is most certainly to blame as well. As is Senator Reid who refuses to produce a budget in the Senate.

 

[Cancel 2018. 3]

if it happened on obama's watch, it is his fault

yours truly,

deranged liberal

 

[Bonestorm]

Just showing you that your 'I can blame Reps' is not the only argument out there. Both parties will take the heat if this goes belly up. I know you and the other lefties will try to paint it all as a Rep problem, but your beloved master is most certainly to blame as well. As is Senator Reid who refuses to produce a budget in the Senate.

At this point, it is a Republican problem. They're taking the position that not raising the debt ceiling is preferable to raising taxes by a penny. Obama and the Democrats have brokered a deal that meets the Republican ideal from three months ago. And the Republicans walked out. That's insane.

Obama and Reid are to blame for not including an increase in the debt ceiling in the tax cut deal that they worked out in December. It was fucking stupid, as I said at the time

 

[Cancel 2016.2]

At this point, it is a Republican problem. They're taking the position that not raising the debt ceiling is preferable to raising taxes by a penny. Obama and the Democrats have brokered a deal that meets the Republican ideal from three months ago. And the Republicans walked out. That's insane.

Obama and Reid are to blame for not including an increase in the debt ceiling in the tax cut deal that they worked out in December. It was fucking stupid, as I said at the time

LMAO.... I am sure that is the position that you hope occurs. But then we all know what hope and change gets this country.

Reid and Obama are every bit as capable of ending this as is the Rep led House.

Tell us again why neither one will propose a budget????? you think the public doesn't see this.... but it does.

 

[Damocles]

Back in March, the Republicans argued that a successful deficit reduction plan would be composed of 85% spending cuts and 15% revenue increases. This is the chart they used:

The president has reportedly agreed to $2T in spending cuts and is pushing for $400 billion in revenue increases, a mix of roughly 83% spending cuts and 17% revenue increases. In response, the Republicans walked, demanding 100% spending cuts.

Under the circumstances, it shouldn't be too tough to apportion blame if a deal is not struck.



http://www.washingtonpost.com/blogs...eduction-report/2011/05/19/AGTcR2rH_blog.html

You are confusing revenue increases with tax rate increases and attempting to play on the ignorance of the "masses".

 

[Bonestorm]

LMAO.... I am sure that is the position that you hope occurs. But then we all know what hope and change gets this country.

Reid and Obama are every bit as capable of ending this as is the Rep led House.

That's pretty silly, SF. The Democrats have compromised and adopted 98% of the ideal Republican plan from three months ago. In response the Republicans walked. The Republicans have compromised on exactly nothing. Instead, they are taking the position that potentially causing a global economic recession and causing a debt explosion is preferable to any tax increases whatsoever. It is insane.

Tell us again why neither one will propose a budget????? you think the public doesn't see this.... but it does.

Formal budget proposals aren't going to resolve the conflict. The parties are negotiating a budget. What purpose would a formal budget proposal serve at this stage of the game?