Obama's debt limit comments

Obama's debt limit comments

Posted in the Jackson-Heights Forum

Jose

Los Angeles, CA

#1 Jan 15, 2013
“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.... I therefore intend to oppose the effort to increase America’s debt limit.”

— Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006

Since: May 12

Location hidden

#2 Jan 15, 2013
All you can do witha 16trillion dollar debt is raise the ceiling. It cannot be payed back and it simply never will be. The western world is in serious, serious trouble. Accumulate Two trillion in debt in less than two years? That level of debt accumulation cant even be curbed, let alone stopped.
over the cliff

Yonkers, NY

#3 Jan 15, 2013
Renegade_22 wrote:
All you can do witha 16trillion dollar debt is raise the ceiling. It cannot be payed back and it simply never will be. The western world is in serious, serious trouble. Accumulate Two trillion in debt in less than two years? That level of debt accumulation cant even be curbed, let alone stopped.
Just consider how the politicians look at it.

The only thing about debt that they care about is the interest. Currently, with low interest rates, the 16 trillion debt costs about 160 billion in interest. But if inflation is higher than the interest rate, you can play the game forever - almost. And the politicians know it.

For decades, "balanced budget" has been ignored. Spend to the absolute limit and let the next generation worry about it.

Think of DC as your irresponsible son with a gambling problem. Think of yourself as an enabling parent who always pays the kid's debts.

Time for some tough love.

If that doesn't work, it's time to disown the damned brat.

“Go Ahead Liberal, Make My Day”

Since: Dec 07

Florida...home of Trump

#4 Jan 16, 2013
Jose wrote:
“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.... I therefore intend to oppose the effort to increase America’s debt limit.”
— Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006
"We will win and keep the House" -

- Then-Speaker Nancy Pelosi on Election Night, 2010

we can go on, but I think you get the point
words of wisdom

Denver, CO

#5 Jan 16, 2013
over the cliff wrote:
<quoted text>
Think of DC as your irresponsible son with a gambling problem. Think of yourself as an enabling parent who always pays the kid's debts.
Time for some tough love.
If that doesn't work, it's time to disown the damned brat.
too bad they keep coming back like a bad penny...you know what i mean, LOL
eco 101

Yonkers, NY

#6 Jan 16, 2013
words of wisdom wrote:
<quoted text>
too bad they keep coming back like a bad penny...you know what i mean, LOL
"Bad penny" is what you ten dollar bill will be worth in 2016.

Since: Oct 12

Location hidden

#7 Jan 16, 2013
Guinness Drinker wrote:
<quoted text>
"We will win and keep the House" -
- Then-Speaker Nancy Pelosi on Election Night, 2010
we can go on, but I think you get the point
House is much better when the republican tea party element can obstruct bills and stall our economic recovery....i especially loved it, during the last debt ceiling negotiations, where they held the economy hostage and earned the Treasury a lowered credit rating.....You show em...Screw Obama, Screw the American people.....

“Go Ahead Liberal, Make My Day”

Since: Dec 07

Florida...home of Trump

#8 Jan 17, 2013
Go Blue Forever wrote:
<quoted text>House is much better when the republican tea party element can obstruct bills and stall our economic recovery....i especially loved it, during the last debt ceiling negotiations, where they held the economy hostage and earned the Treasury a lowered credit rating.....You show em...Screw Obama, Screw the American people.....
I can see from this post, you don't handle the bills in your household

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