Were In Trouble: January 1 2013 It All Comes Crashing Down
Posted in the Cookeville Forum
#1 Nov 9, 2012
Were In Trouble: January 1, 2013 It All Comes Crashing Down
Now that the election is over, there is one thing that hasnt changed at all and that is the unwillingness of the Democrats to compromise and then blaming Republicans for the same.
January 1, 2013 is being referred to as the Fiscal Cliff. If nothing is done, the tax breaks enjoyed by all of us will end and we will see a significant decrease in our take-home pay. Additionally, there will be forced massive spending cuts in the federal government, some of which will not be beneficial such as in the Defense Department.
Just like they have done over the past two years, the Democrats and President Obama have stated that the Republicans MUST accept their proposed legislation. If they dont, and America topples off the Fiscal Cliff, it will be the fault of the Republicans for not compromising with the Democrats.
But who are the ones that are truly unwilling to compromise? Its Obama and the Democrats. They have said its their way or no way. And like old times, the media is already taking the liberal side and laying the blame on Republicans for not compromising.
#2 Nov 9, 2012
What about the martial law before the election? The UN taking over America? Riots and bank crashes? Shut the hell up. You lost. Go immediately back to rock you crawled out from and let the grownups fix what the GOP broke. Bush tax expire. New tax cuts for the middle class. GOP can plead to Grover Norquist that they didn't raise taxes, but are giving middle class taxcuts. As for sequestration, Why did the congress make the deal in the first place? GOP! Get out of the way and let the Democrats fix the problems like they did when Clinton was president.
#3 Nov 9, 2012
I am very afraid. You are scaring me. Save it for the next election. If republicans aren't in fear, they ain't breathing. Bye Bye Williard.
Since: Nov 12
#4 Nov 9, 2012
You should look at the facts. You'll see Repubs broke their own record in using filibustering to obstruct business in DC. Repubs don't understand the concept of an election. They lost. Therefore they do not get to control things. Obama will simply use his executive order power to get things done this term if Repubs block business.
#5 Nov 9, 2012
Well sure thing Teddy Boy he could use that NDAA and round up all them Pubs and ship um off to Gitmo.
He can do that you know just say the word and they can even send in the Drones hope they watch out for civilians don't you Teddy.
#6 Nov 9, 2012
Teddy WTH MOMAR James same poster
Teddy bonkers Edge of a Nervous Breakdown
see teddy bonkers video
#7 Nov 9, 2012
God job teddy !! Keep posting and reposting under other names shows what a lame loser you are when you cant actually get anyone to agree with you lol
#9 Nov 9, 2012
US Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013.
On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted.
Although Treasury revealed in its statement on Wednesday that it was likely to hit the debt limit by the end of the year, Treasury Secretary Geithner failed to respond to a letter that Senate Finance Ranking Member Orrin Hatch and Senate Budget Ranking Member Jeff Sessions sent to him on Oct. 15 demanding that he notify them by Nov. 1 what he believes to be the exact date Treasury will hit the debt limit and the date he expects to begin using "extraordinary measures" to avoid it.
"Treasury continues to expect the debt limit to be reached near the end of 2012," says the tenth paragraph of the "Quarterly Refunding Statement" put out by Assistant Secretary of the Treasury for Financial Markets Matthew Rutherford.
"However, Treasury has the authority to take certain extraordinary measures to give Congress more time to act to ensure we are able to meet the legal obligations of the United States of America," said the statement. "We continue to expect that these extraordinary measures would provide sufficient 'headroom' under the debt limit to allow the government to continue to meet its obligations until early in 2013."
Prior to the release of this statement, Sen. Hatch and Sen. Sessions sent Treasury Secretary Tim Geithner a letter asking him specific questions about the approaching debt limit and the administration's plans for dealing with it. Hatch's and Sessions's questions included these two: 1) "What is Treasurys forecast of the date upon which Treasury will find it necessary to use extraordinary measures to manage to keep federal debt at or below the statutory debt limit?" 2) "What is Treasurys forecast of the date upon which the U.S. government will reach the statutory debt limit given use and exhaustion of these extraordinary measures?"
The senators gave Geithner a "hard deadline" of Nov. 1 for providing an initial response to these questions. Julia Lawless, spokesperson for the Republicans on the Senate Finance Committee, confirmed that as of Nov. 6 the committee had received no response from the Treasury secretary.
As of Oct. 31, according to the Daily Treasury Statement (DTS), the portion of the federal debt subject to the legal limit was $16,222,235,000,000--just $171.765 billion below the $16,394,000,000 debt limit.
In October alone, according to the DTS, the debt subject to the limit increased by $195.214 billion.
#10 Nov 9, 2012
I see teddy using my handle to post with. They should hire teddy as a moderator for topix since the idiot is on here around the clock seven days a week.
“The EYE ”
Since: Aug 09
#11 Nov 9, 2012
Whut in the sam hill is a fillerbusterin? Seems like them republickins a come off'n with sumthang all oh the time! I be in the way o nowin it ist all abouwsts to end. Afore for yeers i ben a siggin hidyholes at indisclothed lokashuns afore the govermunt an opra and strisand an cumpany. They a moved in seeds an medikashun an everathang a body can imagun they a gonna let that rachil ray cume to cook an ellen degenerite afore fun an a jz and beyonsay afore ennertanmunt in return afore my help with that an a gittin peeple registered to vote i git my own little hideyhole an it mine to stock up as i seed fit. I reckon with all of the wheapons i bowt afrom that atturnee general i kin take ova most o the state an they a promised i kin be a govurner or a general. I is a gunna arm all my hommie an we gunna rise up out the trailer park and yall aint gunna be able to by or sell withowt my scrip. A matter o fact yall be werkin the fields an a doin the washin an all hee hee hee. They didunt a tell me whut was a gunna happen but i suspekt it be unexpekted an soon
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