What? Raise the debt ceiling again?

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Forum topic by crank49 posted 09-17-2013 08:38 PM 1411 views 0 times favorited 12 replies Add to Favorites Watch
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4032 posts in 3207 days

09-17-2013 08:38 PM

Topic tags/keywords: famous quote

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.” Senator Barack Obama, in 2006

Yes, I agree. We do deserve better.

12 replies so far

View whitebeast88's profile


4128 posts in 2426 days

#1 posted 09-17-2013 10:36 PM


-- Marty.Athens,AL

View TravisH's profile


641 posts in 2171 days

#2 posted 09-17-2013 11:01 PM

I agree except….... I blame Americans. Collectively we voted them in, we take on all the debt we can, we take as much financial aid as we can get, we will take no blame, we could care less about our children or grandchildren, .......

America, we have gotten exactly what we deserve.

View teejk's profile


1215 posts in 2920 days

#3 posted 09-17-2013 11:36 PM

I don’t think we voted him in collectively…I think it was more a matter of the choices we were given and so many people didn’t particularly care for the alternatives and simply stayed home. Say out of a 100 people evenly split, it should have been a tie. Obama’s people all vote (perhaps more than once but it’s not important for this exercise and probably didn’t impact the results). 10 people on the other side stay home. Now we have 50 for, 40 against. That’s what happened.

View waho6o9's profile


8539 posts in 2813 days

#4 posted 09-18-2013 12:23 AM

Let the Obama voters pay the higher taxes.

View Eddie_T's profile


208 posts in 2307 days

#5 posted 10-31-2013 12:13 AM

Sadly about 50 percent of US households have one or more persons getting some government support.

According to Pew Research, ” In fiscal 2013, which ended Sept. 30, net interest payments on the debt totaled $222.75 billion, or 6.23% of all federal outlays.”

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Rick S...

10927 posts in 3269 days

#6 posted 11-04-2013 08:01 AM

I live in Canada which doesn’t mean I’m Not Concerned!! I AM!!

YES! You Do Deserve Better!!

If it fits below I just did a Screen Snip of the NOW Status of the “US DEBT CLOCK” in Real Time.

Debt Per US Citizen= $189,582. Debt Per US Family= $752,124. TOTAL US DEBT= $60,097,587,153,918. The last 6/7 figures are turning over so fast you hardly get a chance to Read Them.

This Is THE LINK if you want to have a Look See. You Can “Mouse Over” any area and it will explain it where it now says “US Debt”

The Image below will probably be to small to read. You can Hold Down The “Ctrl” Key and at the same time use your Mouse Wheel to Increase the Size.

-- Made In Ontario, CANADA

View Eddie_T's profile


208 posts in 2307 days

#7 posted 12-26-2013 10:52 PM

A letter to the editor that will probably not be published.

What a Mess!

It’s plain to see how our freedom has been eroded by Obama and his minions as we view the insurance commercials warning that substantial government penalties loom if we aren’t insured. Just read the Declaration of Independence using Obama where King George appears and see how well it fits our current dilemma.

Now Obamacare was a train wreck before it left the station as there is no way its drafters (or those that supported it) were bright enough to understand that the information burden to author or manage such a broad healthcare plan is just too vast. It seems that the key to the individual mandate is to trap all those invincible yuppies that don’t need insurance into paying either premiums or penalties to carry the burden. Take a guess who will end up paying for those for whom Obamacare does prove to be an Affordable Healthcare Act.

Meanwhile, realize that any war on poverty, or re-distribution of wealth, ends up in more poverty for a couple of reasons. First, government is the worst manager of money and proves it daily, just a minor example is how much the government paid a crony to develop a website for Obamacare that didn’t even work. Second, The politician is the one empowered to manipulate the definitions and preferences and push the cost to future generations. Consider the media hype over the bi-partisan budget just approved. Somehow it is being foisted on the public as a good compromise. However, the truth is that spending will increase as will the national debt. For FY 2013 net interest payments on the debt totaled $222.75 billion, or 6.23% of all federal outlays, actually the government payed out more but some Social Security trust fund interest manipulation and other smoke and mirrors are applied to make it look smaller.

Common sense tells us that sooner or later the system will crash, it seems that politicians have only one concern, that it won’t crash during their tenure. Has any politician (of either stripe) ever offered a hint as to how a debt of over $17 trillion might be resolved (even if they had a mind to do so)? Obama uses clever words like “reducing the deficit in a balanced way”, that’s just a way of saying the debt rolls on during his tenure.

So, as we vote in 2014 check to see if any candidate has ever supported Obamacare (in word or deed) and ask some serious and educated questions about the national debt and what their plans are beyond getting our vote (and granting them an income well above ours).

View waho6o9's profile


8539 posts in 2813 days

#8 posted 12-26-2013 11:47 PM

From Bill Bonner:

The secret is that the Fed can’t really control the economy. It can influence it. But the influence it has is all negative. That’s the joke.

Fixing interest rates at any level other than that chosen by willing borrowers and lenders, the Fed distorts the price of credit… and the price of just about every other financial asset that is priced off interest rates.

And distorting prices always leads to problems – either shortages or surpluses.

Also, by fixing rates at ultra-low levels, the Fed is stealing from one group and giving to another. The middle class, savers and working people lose wealth. Hedge fund managers, bankers, zombies… and, of course, those lovable feds… gain.

That’s why the rich are getting richer as everyone else loses ground. They call it a “stimulus” program. And they’re right: It’s very stimulating for those who get the money.

As for the rest – well, the joke’s on us!

View RockyTopScott's profile


1186 posts in 3714 days

#9 posted 12-28-2013 03:22 AM

We are all screwed.

-- “When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.” ― Thomas Sowell

View waho6o9's profile


8539 posts in 2813 days

#10 posted 12-28-2013 01:19 PM

So during the 3-1/2 years of World War 2 that started with the Japanese
bombing of Pearl Harbor in December 1941 and ended with the Surrender of
Germany and Japan in 1945, the U.S. produced 22 aircraft carriers, 8
battleships, 48 cruisers, 349 destroyers, 420 destroyer escorts, 203
submarines, 34 million tons of merchant ships, 100,000 fighter aircraft,
98,000 bombers, 24,000 transport aircraft, 58,000 training aircraft, 93,000
tanks, 257,000 artillery pieces, 105,000 mortars, 3,000,000 machine guns,
and 2,500,000 military trucks.

We put 16.1 million men in uniform in the various armed services, invaded
Africa, invaded Sicily and Italy, won the battle for the Atlantic, planned
and executed D-Day, marched across the Pacific and Europe, developed the
atomic bomb and ultimately conquered Japan and Germany.

It’s worth noting, that during the almost exact amount of time, the Obama
administration couldn’t build a functioning web site.

View Texcaster's profile


1286 posts in 1910 days

#11 posted 12-28-2013 06:58 PM

Ain’t it Awful.

-- Mama calls me Texcaster but my real name is Mr. Earl.

View Jim Jakosh's profile

Jim Jakosh

21953 posts in 3341 days

#12 posted 12-29-2013 01:52 AM

Raising the debt ceiling is just plain stupid! If you have a teenager who cannot spend wisely and runs up a big bill on a credit card, would you raise their credit limit???? Same thing for these congressmen and campaigner in chief. They are not good stewards of OUR money- not THEIR money. Why would we want to give them more credit limit!!

We should vote for all independents from now on. The two main parties are too corrupt to trust with our money any longer…...............Jim

-- Jim Jakosh.....Practical Wood Products...........Learn something new every day!! Variety is the Spice of Life!!

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