The No. 1 Issue in 2014 Election: US Debts and Debt Ceiling....
Posted in the Banking Forum
#1 Dec 22, 2013
No matter how the politicians tried to avoid, the US Debt Ceiling will present itself to be the One and Only issue in the forthcoming 2014 election...
Let me advance my thoughts and a possible solution to this never going away head ache: The Congress should pass the law on January 7, 2014 when they come back from the much-needed Christmas Vacation..
This Law will require all current and retiring Politicians including President Obama, Nancy Pelosi, Harry Reid and all Democrats and Republicans to place 80% of their family assets in US Bonds and US Treasury Notes...And establish a Law of this Land from now on to eternity for all aspiring politicians to adhere to without fail!!!
The point: All those inner and innate feelings for the poor, the malnourished but not working to receive their nutritional needs from the extra liberals on the LEFT may go away in time...After all, it is Time for them to put up or shut up..
We don't need Bill Gates and even Warren Buffet to mouth their hefty aims to save the poor and making the claims to give away at least half or more of their personal wealth to charity...I believe for them to place 80% of their wealth into
US Bond and US Treasury Notes purchase is the best Statement and Deed to show their legacy in History!!!
And all those current and past Presidents like Barack Obama, Bill Clinton, George Bush and more should follow suits if not by this Law but the implied
urgencies and importance toward resolving a National Crisis!!! It is time to lead not to be LED!
Without the courage and determination, the US National Debts will never go way...Oh, before I end my posting, Ben Bernanke should not escape the limelight: He is one shrewd and cunning politician who schemed up so many purported Fed's initiatives in the past years to save US from financial melt-down...Now, it is time for him to lead the parade and place all his wealth into US Bonds and US Treasury Notes after he left office at end of January 2014! Be a good soldier but not to be left as USELESS for ONCE!!!
#2 Dec 26, 2013
The issue of 2014 Election is being outlined...But, its implementation needs certain Sound Minds from both parties to fine tune or to tweak, so to speak...
Initially, only the current President plus those aspiring to run in the 2016 election need to apply! And the Law if passed, can be phased in gradually in the next four years!!!
As a minimum, the Debt Ceiling and the National Debt should be discussed in the March 2014 Debt Crisis...It is approaching fast if not furious!!! No government shut-down please!
#3 Dec 29, 2013
It was reported on Dec. 19, 2013: WASHINGTON — Treasury Secretary Jack Lew restarted the debt limit countdown clock Thursday, warning Congress that it has seven weeks to raise the nation's debt ceiling and "put an end to governing by crisis."
This time, Lew said, he won't have as much room to maneuver to avoid hitting the limit.
The law that reopened the government in October after a 16-day shutdown suspended the debt limit until Feb. 7. Once that deadline comes, the Treasury secretary said, he won't have as much room to maneuver as in previous debt limit crises.
This year, Lew was able to use "extraordinary measures" to keep from borrowing money for six months after the debt limit took effect. Next year, those measures would work only until late February or early March.
The point: Any strategy of negotiations has to be planned ahead! No one shall go in w/o a clear idea or plan!!! The skill and art of negotiation starts now!
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