Raising The Debt Ceiling

The premise of this thread is still current and valid.

Inflexible GOP should listen to Reagan on debt

http://www.cnn.com/2011/OPINION/07/28/avlon.debt.reagan/index.html?hpt=hp_t2

Should democrats listen to President Obama on debt?

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
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This thread is full of fail. I exposed the false-flag trick. Victory is mine.

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\(\(\/)/)/ said:
This thread is full of fail. I exposed the false-flag trick. Victory is mine.

victory.jpg
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Please stop trolling this thread. I'm guessing that if I posted this thread about how Republicans should listen to Reagan, you would not have trolled this thread and instead agreed with me. Please stop posting in this thread unless you have something to say about the topic. Thank you.
 
Damn Yankee said:
It's a troll. He's only taken one position that I know of, and that was earlier today. When I nailed hm on his false premise all he could muster in reply was that I only quoted a part of his sentence. I rarely put folks on ignore but he'll probably be an exception soon.
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Well, you and the others are right. His posts in this thread show he is just a troll. He won't address the topic, calls it a "trick". But I'm guessing he doesn't call it a trick when liberals tell the GOP to listen to Reagan.
 
Stallion said:
Well, you and the others are right. His posts in this thread show he is just a troll. He won't address the topic, calls it a "trick". But I'm guessing he doesn't call it a trick when liberals tell the GOP to listen to Reagan.
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You're guessing, but you don't know. I win again.
 
Stallion said:
The premise of this thread is still current and valid.

Inflexible GOP should listen to Reagan on debt

http://www.cnn.com/2011/OPINION/07/28/avlon.debt.reagan/index.html?hpt=hp_t2

Should democrats listen to President Obama on debt?

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
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I would like to get back to the topic.
 
dude...just ignore him, he is annoying little troll who has no job, no life and lives with his mom

watch..no libs will address this thread
 
It's somewhat disingenuous to act like borrowing to finance our way of life is a new thing for the U.S. It's been our m.o. for decades.

But I agree that it has truly come to a head at this point. It's the inherent problem w/ our electoral system; officials pass policy for the next election, when a more common sense approach would mean measures that had more of a long-term benefit.

We also need to go back to being a country that actually makes things. A consumer/service based economy is a fragile foundation.
 
Stallion said:
Does anyone on the left side of the political spectrum care to comment on this?
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How about from the 'fair and balanced' center of the political spectrum....Obama is a hypocrite of the first order....and that undeniable fact is not for debate.....
 
But what I also find interesting is NONE of the Conservatives that are all for NOT raising the debt ceiling have NOTHING to say about the Reagan article. Everything Reagan said in 1987 is true today, only now, Reagan is not conservative enough. The "Gipper" could not get his own party in this climate to raise the debt ceiling. If our country defaults, interests rates will skyrocket, US treasuries will no longer be accepted as collateral, inflation will be the rule of the day. This is moronic gamesmenship that even Reagan criticized.
 
Onceler said:
It's somewhat disingenuous to act like borrowing to finance our way of life is a new thing for the U.S. It's been our m.o. for decades.

But I agree that it has truly come to a head at this point. It's the inherent problem w/ our electoral system; officials pass policy for the next election, when a more common sense approach would mean measures that had more of a long-term benefit.

We also need to go back to being a country that actually makes things. A consumer/service based economy is a fragile foundation.
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Who said or acted like borrowing is a new thing? Your last sentence is correct. What do you think of President Obama's flip flop. I appreciate your response, but why did you avoid discussing his comment?
 
Socrtease said:
But what I also find interesting is NONE of the Conservatives that are all for NOT raising the debt ceiling have NOTHING to say about the Reagan article. Everything Reagan said in 1987 is true today, only now, Reagan is not conservative enough. The "Gipper" could not get his own party in this climate to raise the debt ceiling. If our country defaults, interests rates will skyrocket, US treasuries will no longer be accepted as collateral, inflation will be the rule of the day. This is moronic gamesmenship that even Reagan criticized.
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Ok. This thread is about President Obama's comment and judging from your post you are probably on the left side and you did not comment on his comment. I believe Reagan was right in his time, I don't know if Reagan would still say the same thing today. President Obama said it was a sign of failed leadership to be in this situation and that we are harming our future by raising the debt ceiling. Do you agree with his comment?
 
Socrtease said:
But what I also find interesting is NONE of the Conservatives that are all for NOT raising the debt ceiling have NOTHING to say about the Reagan article. Everything Reagan said in 1987 is true today, only now, Reagan is not conservative enough. The "Gipper" could not get his own party in this climate to raise the debt ceiling. If our country defaults, interests rates will skyrocket, US treasuries will no longer be accepted as collateral, inflation will be the rule of the day. This is moronic gamesmenship that even Reagan criticized.
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They have nothing to say because its irrelevant....it was 30 years ago....times change, issues change, priorities change, and economic conditions change.....1.5 trillion is not 14+ trillion....
 
Socrtease said:
But what I also find interesting is NONE of the Conservatives that are all for NOT raising the debt ceiling have NOTHING to say about the Reagan article. Everything Reagan said in 1987 is true today, only now, Reagan is not conservative enough. The "Gipper" could not get his own party in this climate to raise the debt ceiling. If our country defaults, interests rates will skyrocket, US treasuries will no longer be accepted as collateral, inflation will be the rule of the day. This is moronic gamesmenship that even Reagan criticized.
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1) I agree that Reagan would have a hard time with today's 'right'.... the Norquist bullshit has to end
2) We are NOT going to default on debt unless Obama CHOOSES to do so. We have more than enough money coming in for SS, Medicare, Military and debt service. The first thing cut should automatically be the salaries of Congressional members, their staffs, the White House and their staffs. Put the politicians around people hit immediately and watch how fast they either get their act together or 'mysteriously' get their ass kicked.

3) Interest rates will NOT skyrocket. Interest rates are relative to the strength of the economy. Where do you suppose people will put money should they take it out of Treasuries? Chinese debt? Spanish? French? No, they will continue to buy ours for now. The idiotic pundits on CNBC today should be shot. I heard two of them today tell us that a 'mere' quarter point rise in interest rates would be disastrous because 'that is a lot of money on $14 trillion in debt' Idiots. A rise in rates is on FUTURE debt taken out. We do not have variable rate Treasuries. They are all fixed rate.

4) Bottom line, the 'default' and the 'skyrocketing interest rates' are simply comments by people who either (1) don't understand how our system works or (2) wish to scare the crap out of people

5) But yes, this is indeed moronic gamesmenship.
 
Stallion said:
Who said or acted like borrowing is a new thing? Your last sentence is correct. What do you think of President Obama's flip flop. I appreciate your response, but why did you avoid discussing his comment?
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Thats another thing you're gonna find...Onecell will pussy foot, tip toe and tapdance around every point you make....seldom will he debate or commit to a definite position...
 
Superfreak said:
1) I agree that Reagan would have a hard time with today's 'right'.... the Norquist bullshit has to end
2) We are NOT going to default on debt unless Obama CHOOSES to do so. We have more than enough money coming in for SS, Medicare, Military and debt service. The first thing cut should automatically be the salaries of Congressional members, their staffs, the White House and their staffs. Put the politicians around people hit immediately and watch how fast they either get their act together or 'mysteriously' get their ass kicked.

3) Interest rates will NOT skyrocket. Interest rates are relative to the strength of the economy. Where do you suppose people will put money should they take it out of Treasuries? Chinese debt? Spanish? French? No, they will continue to buy ours for now. The idiotic pundits on CNBC today should be shot. I heard two of them today tell us that a 'mere' quarter point rise in interest rates would be disastrous because 'that is a lot of money on $14 trillion in debt' Idiots. A rise in rates is on FUTURE debt taken out. We do not have variable rate Treasuries. They are all fixed rate.

4) Bottom line, the 'default' and the 'skyrocketing interest rates' are simply comments by people who either (1) don't understand how our system works or (2) wish to scare the crap out of people

5) But yes, this is indeed moronic gamesmenship.
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What games are the republicans playing? Do you not agree with their plans? Or are you talking about the Tea Party folks who won't agree to anything? If so, I agree with you. Great post, thank you.
 
bravo said:
Thats another thing you're gonna find...Onecell will pussy foot, tip toe and tapdance around every point you make....seldom will he debate or commit to a definite position...
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Thanks for the heads up. Appears many on the left are like that here.
 
Stallion said:
Ok. This thread is about President Obama's comment and judging from your post you are probably on the left side and you did not comment on his comment. I believe Reagan was right in his time, I don't know if Reagan would still say the same thing today. President Obama said it was a sign of failed leadership to be in this situation and that we are harming our future by raising the debt ceiling. Do you agree with his comment?
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1) Soc is pretty much a centrist overall, fiscally conservative but more moderate socially. He is a lawyer, so that is an automatic 2.9 strikes against him, but otherwise he is one of the more reasonable posters on this board.

2) If Reagan were alive today, he would say the same thing. The rules haven't changed. That said, he would likely be appalled at the polarization, lack of respect for opponents views and the insane levels of deficit spending that we are currently doing... especially since they have completely failed to provide results.
 
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