Thank goodness there isn't a spelling test for you, hum? ;)

[quote=Riot;795020]

do not stop spending in a slow recovery or recession - unless you want a depression. QUOTE]

Who says anyone will stop spending. Your inability to understand is amazing. The point is simple, stop spending MORE.

You really, truly don't get it.

You write junk like building new railroads will help. Are you insane? Do you know how many agencies and hands that money will go through before anyone gets a good train ride? It will never happen.

You must have family money. No one spends money like a bona fide limousine liberal.

Yes, I most certainly do believe in the government creating jobs. Money is the cheapest it's been right now, the government should issue bonds and institute a massive infrastructure jobs bill. The infrastructure has to be repaired, better to do it with cheap dollars rather than expensive in the future. Oh, yeah, and that putting millions back to work would be cool, too ;)

And there is nothing wrong with temporary jobs during a recession. It keeps money in people's pockets, keeps businesses from going out of business, etc.

I never said "debt is no big deal" - that's your silly saying. We worry about the debt problems after our economy starts booming, we have people with jobs paying taxes again, etc.

No - the economy isn't "helping itself", is it? The Bush administration oversaw massive tax cuts to business and massive job layoffs as money was not reinvested in businesses, but taken as inexpensive capital gains.

Yes, "most people" woke up and discovered we were 1.4 trillion in debt due to George W. Bush and Republican reckless spending, while slashing our income by 1/4.

I suggest you read this article:
http://www.bloomberg.com/news/2011-0...-on-obama.html

[quote=paulo537;795023]Let's get rid of all your snarky personal insults, Paulo, and your idiotic ad hominem crap, and see what you've written about the economy:

Thanks for playing, Paulo. Why don't you join us later, when you have an idea or two and want to discuss the economy?

Oh, and regarding spending cuts? (not people spending, keep up here) I can only assume you have been paying zero attention to the last few weeks of debt ceiling discussion.

Says who?

What exactly is wrong with the infrastructure?

For that matter, what exactly is "the infrastructure?" This has always made me curious.

Can you explain this to us all?

Didn't we already spent a half a billion dollars on this stuff through the stimulus package? How did that work out for jobs?

Oh. My. God.

God help this country.

[quote=Riot;795025]Look, I am not stupid.

There is no debt ceiling discussion that does not pale in comparison to the partisan politics that accompany it.

You may very well enjoy going through life as a puppy who chases one leaf blowing in the wind until the next one grabs its attention but some of us choose not to do so.

That isn't my fault.

Two years ago, the stimulus package was "Vital for the security of America."

One year ago, getting any Healthcare bill passed was "vital for the security of America."

This year, it's the same thing.

Stop pulling out your hair and setting yourself on fire.

A deal will get done. that's for certain.

It's also certain it will be a shitty bill.

Originally Posted by wiphan
Remember riot being dumb or uneducated does not take away your right to vote. That is a constitutional right. If there was an IQ test or a knowledge test prior to being allowed to vote your right we would not be here right now and OBAMA would not be president.

Thank goodness there isn't a spelling test for you, hum



What was the spelling error in the above statement?

[quote=paulo537;795028]You just can't help yourself, huh? Okay, let's discuss our economy and political world like you do!

You may enjoy going through life as someone who is incredibly ignorant and superficial, but some of us choose not to be so. Your teen-aged, "I hate everyone, teh government all sux!" angst surely makes yourself feel better, and obviously self-rightously smug, but doesn't really move the country forward.

Your right if there was a an IQ test or a knowledge test prior to be allowed to vote your right Palin wouldn't have been allowed to vote.

We have a fundamental difference of opinion. You believe the government should create jobs. I believe in less government. I do not believe we need the government to create jobs. If the banking world wasn't so scared of the current government oversight and actually took on a slight bit of risk the economy would be just fine by itself, however that is not the case currently. People did not wake up because of the spending by Bush and the republicans people woke up when they realized that their home was no longer their piggy bank. People actually decided to save $ instead of spending more than they brought in. A lesson that washington needs to now learn. It can't change over night but we have to start somewhere...

Why do you think there was not massive economic growth over the Bush administration? Let's just look at the first six years or so.

There were massive tax cuts, massive business incentives, wars (face it, wars provide economic incentives). There is no denying that the government was extremely "business friendly".

What was keeping business contracting and losing hundreds of thousands of jobs in that environment?

Our income, before the Presidential election of 2008 even happened, dropped to only 15% or so of our GDP, when it always had been 18-20%.

In the late 1950's, government-sponsored education and the concept of the mortgage allowed thousands of former GI's to get education and buy a first house in the suburbs. In the late 1960's, in order to keep up, they sent the wife to work and get a second income. In the 1990's, they second-mortgaged and took money out of the house for disposable goods. You are right, a lot of the slow recession is because the middle class and lower classes are plumb out of cash to spend at this point in time. And there's hardly a middle class left. But that didn't cause our recession, although it's contributing to the slow recovery. The middle and lower class are not currently sitting on millions in savings, preventing recovery.

Still waiting for my spelling error that u called me out on.

You are.
You're.
Your.

N I only clld u out kze u brought it up firzt

Technically that is a gramatical error and not a spelling error

Most common misused words....maybe not here but other forums..

here
hear

to
too

your
you're

their
there

The housing bubble bursting played a big part in causing the recession. People borrowing $$ that they couldn't afford to pay back, and banks loaning $$ without checking credit history (or ignoring it). Now our benevolent Govt. who says it can't pay it's bills, wants to borrow more $$ to pay it's bills. Social Security was supposed to be solvent for years to come according to the Dems. Obama says he can't guarantee SS checks will be mailed out first week in Aug unless he's given the authority to borrow more $$. Somebody is lying. Obama is acting like a child in a toy store who is being told to put a toy back . News Flash .. our credit rating is going to be degraded even with a raise in the debt ceiling. We have to get spending under control. Would you loan $$ to someone who can't pay their bills?

Obama can't guarantee the SS checks will go out. Curious if the welfare checks will also NOT go out.:rolleyes:

Riot is 100% right. The economy is great. The country is moving in the right direction and if you don't agree with him you are either a racist or just dumb.

Isn't this liberal crap getting old. Open your eyes.

Sorry Deb- no more free stuff:(

No. Nobody is lying. Somebody doesn't understand Social Security, the Social Security Trust Fund, cash flow, and the Treasury.

We have something like $300 million in bills due Aug 2, and $200 mil in cash (exact amts have been in the press, but that's the rough ratio) That amount varies, of course, depending upon who pays their taxes daily, etc.

So yeah - there's no cash to pay something on that date (although there's probably a week of additional wiggling). You pick who. The Government paychecks, Social Security, tax refunds, military pay, businesses who contract with the government, etc.

We hit the debt ceiling some months back. The Treasury has been "wiggling" ever since. It is beyond absurd that a routine, one-sentence raise isn't being done, and that this country is being held hostage for future spending by refusing to pay past bills already owed.

I've not been saying that, have I.

Geeshus, the passive-aggressive snarky victim crap is old.

Grammatical, but who's counting .... ;)

and an fyi, alot is incorrect...it is two words, a lot. after all, it isn't alittle...right?

Well, I'm not one of them, and I'm not for that. This is one reason why I think a flat tax is a good idea. One rate - NO DEDUCTIONS for ANYBODY. No huge tax code to exploit or write in loopholes. No bracket creep where people do things to hide income to keep from getting into higher percentage withholding.

It is fair by definition - everyone pays the same proportional amount. You could exempt the first $40,000 or whatever makes sense, but anything over that is computed by a simple equation. The enforcement gets that much easier too.

Riot did not say that. I think she meant to say that anything that IS wrong with the economy is the fault of George W. Bush in the past, and any Republicans in the present.

Certainly not the fault of the Annointed One - forgive me - no sacrelege intended :rolleyes:

Ewww, you actually watch Hannity?

Anybody paying attention to the complete disaster the Republican Party & Tea Party marriage has become today in Washington? Boehner's "deal" scored below a trillion by CBO, while Harry Reids deal scored easily over a trillion, so Boehner used that excuse to pull his planned vote today from the floor - but the Tea Party already told him they wouldn't vote for it. And it was leaked today that Republicans are lobbying each other against Boehner.

The current Republican Party in the House is a complete disaster that literally cannot govern.

Because Boehner is an orange idiot.

I'm actually starting to feel a little sorry for the guy. He is a typical career politician, wholly owned by lobbyists. But at least he knows how to make a deal, and made a couple good ones with Obama for spending cuts and revenue increases, until the crazy Tea Party squashed it.

Eric Cantor has the guy by the balls. I don't know who wrote that speech they made him read the other night to rebut Obama, but even he was embarrassed by having to say those ridiculous words in public.

The trouble is, he and his little merry band of loons are mucking up the entire government of the United States with their temper tantrums and ignorant desire to harm this nation.

Can't blame this mess on the Tea Party. They didn't create the debt and they were elected to stop these globalist puppets from putting more on the credit card.

Adding debt will only make it a bigger problem long term. I'm fairly young. Old people need to sacrifice now.

To be fair the only reason Reid's plan saves $1+ trillion is that he makes reference to the winding down of wars where Boehner's plan does not.

Not to mention that unemployment will increase when the troops come home. It's estimated that unemployment would be 12% without the wars...minimum.

True. All the plans from both sides have alot of smoke and mirrors.

The point is zero plans should be considered right now. Raise the damn debt ceiling, it's a routine accounting procedure having nothing to do with future spending.

Then, if you are serious about cutting spending, and raising revenue, sit down and do it, and come up with all the plans you want, which you can implement whenever you want.

Choices:

Obama invokes the 14th because Boehner is literally prevented from doing anything by the Tea Party 5-1

House Dems save Boehner's ass by voting for the Senate Reid plan, with Boehner adding in 3/4 of the "normal" Republicans while allowing the 47 crazy Tea Party to be cut lose 10-1, I don't think he can pull it off. There is disastrous turmoil in that caucus, even with Wall Street calling the shots.

We have bills for services we've already bought we have to pay. The Tea Party is saying we can't pay them. I do blame the Tea Party for this impasse on raising the debt ceiling. The budget and future spending is a different matter.

It's like telling your utility companies that although you've used enough electricity, gas and water last month that you now owe them $200, you've decided your debt ceiling is $100 so you won't pay for what you've already used.

I blame the RINOs and most of the Libs for being corporate whores. They need to "eat their peas"

This is a private blog, so you have to vet it yourself. I think the author overstates the impact on bonds.

my concern is with all the investors who must invest in 'safe and secure' investments...most notably insurance companies. the us loses triple a, a lot of selling will have to occur. not good...i cant believe that there has been no deal made.

I never got any "free stuff" but I'm getting tired of paying for others to get it.

I can't believe Wall Street would allow that, either. They've already ordered the GOP to raise the darn debt ceiling. I think that's why the market isn't that freaked. Just some people trying to benefit big from little movements (like Coach's billion dollar baby).

:{>: