I agree with Obama...

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Since: Mar 11

Houston, TX

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#1
Jun 28, 2011
 
Five years ago, then-Sen. Obama (D-Ill.) voted against raising the debt ceiling and even spoke about it on the Senate floor before the Republican-controlled Senate voted 52-48 to increase it.

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure,” Obama said on March 16, 2006.

"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. I therefore intend to oppose the effort to increase America's debt limit.”

I agree, the leadership has failed.
Concered In La Porte

Pasadena, TX

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#2
Jun 28, 2011
 
Wow! Never thought I would, but I agree with the empty suite on this too.

Since: Jul 10

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#3
Jun 28, 2011
 
Who cares if people with PhD's in economics says the global economy will tank if America does not raise their debt ceiling! No one listens to them anyway right?
old

La Porte, TX

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#5
Jun 29, 2011
 

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Kate Sullen wrote:
Who cares if people with PhD's in economics says the global economy will tank if America does not raise their debt ceiling! No one listens to them anyway right?
I wish people would stop listening to the pointy headed PhD's.

They're the ones that dream up credit default swaps and the phoney

accounting that took down Enron. Let us not forget the clowns at

Long Term Capitol.

How about the current pin heads that are piling on trillions yes "TRILLIONS" of dollars of debt that can never be paid back.

The head of the "FED" said the other day he didn't know why the economy wasn't growing faster. lol That's rich coming mister " I drop money from helicopters " to get the economy moving.

The sytem can not continue as it is so stop it. No more money !!!

The stock market will tank everyone will freak out for a while.

Then maybe we can get down to business and fix things.

But we all know that won't happen. They will cave in and raise the debt ceiling raise taxes and the spending cuts will be phoney.

We will be saddled with more debt that will crush the country for for decades.

Most rational people understand but there are some who just say keep printing and borrowing and spending.

Hows that working out in Euro-land?

Just plain old common horse sense tells us it will eventually collapse.

We need more folks with common sense and less pointy headed PhD thinking!
Hank

Houston, TX

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#6
Jun 29, 2011
 

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Nice try Charles. We know it's you. Just another random, irrational spewing of phrases you copied from the interweb.
old wrote:
<quoted text>
I wish people would stop listening to the pointy headed PhD's.
They're the ones that dream up credit default swaps and the phoney
accounting that took down Enron. Let us not forget the clowns at
Long Term Capitol.
How about the current pin heads that are piling on trillions yes "TRILLIONS" of dollars of debt that can never be paid back.
The head of the "FED" said the other day he didn't know why the economy wasn't growing faster. lol That's rich coming mister " I drop money from helicopters " to get the economy moving.
The sytem can not continue as it is so stop it. No more money !!!
The stock market will tank everyone will freak out for a while.
Then maybe we can get down to business and fix things.
But we all know that won't happen. They will cave in and raise the debt ceiling raise taxes and the spending cuts will be phoney.
We will be saddled with more debt that will crush the country for for decades.
Most rational people understand but there are some who just say keep printing and borrowing and spending.
Hows that working out in Euro-land?
Just plain old common horse sense tells us it will eventually collapse.
We need more folks with common sense and less pointy headed PhD thinking!

Since: Jul 10

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#7
Jun 29, 2011
 

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Common sense will only get you so far in life...eventually you'll need an education to make good decisions.
TBL

Houston, TX

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#8
Jun 29, 2011
 
Kate Sullen wrote:
Common sense will only get you so far in life...eventually you'll need an education to make good decisions.
Good one Heavy.

Since: Jul 10

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#9
Jun 29, 2011
 

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Pftt. I'm not Heavy, lol. You and I both know that heavy doesn't believe in education. He's one of those common sense anti-intellectual people.
well

New Smyrna Beach, FL

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#10
Jun 29, 2011
 
The debt ceiling has been raised more than 100 times since around 1920. It has become routine. What is also routine is for the party that is out of the White House for the moment to object to raising it at THIS time, after having voted to do so the prior time, when THEY were IN office. There is a lot of hypocricy & posturing in all of this, and little responsible statesmanship. I think declaring bankruptcy is a pretty drastic step for a country to take. It has been done, for example in Argentina around 2002. What that meant was a severe loss of value of the currency, and a reduction in the standard of living for most everyone and a large increase in interest rates. I gradual solution does seem preferable at this late stage.

Since: Mar 11

Houston, TX

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#11
Jun 29, 2011
 

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It is official. This week, Obama has a greater deficit than all other presidents combined from Washington through George W. Bush. Yet he wants to borrow more money, steal from our children, to pay for deadbeats, criminals and layabouts to have free food, shelter, Spanish education and free medicine. After all, what is a trillion dollars to someone who has never held a job in the private sector?
east texas

Lufkin, TX

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#12
Jun 29, 2011
 
Talk about the deadbeats on the government dole. Now think about the equally bad deadbeats who have a free ride on undeserved tax subsidies and tax breaks. These people are just as bad, they are bleeding the rest of us. Some of these same people are badmouthing the government for helping the poor. Some of these people are the smug republicans. We need a balanced approach to solving our problems. We need to go through the tax code and revamp it at the same time we go through the expense side of the budget. It won't hurt nearly as bad to the people getting an unfair tax break as those who are having entitlements ripped from them.
El Yokel de Local

Pasadena, TX

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#13
Jun 29, 2011
 

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old wrote:
<quoted text>
I wish people would stop listening to the pointy headed PhD's.
We need more folks with common sense and less pointy headed PhD thinking!
Wall Street MBAs have destroyed our country.

“Activist, Comedian, Con Man!”

Since: Jan 09

www.HeavyFed.com

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#14
Jun 29, 2011
 
Kate Sullen wrote:
Pftt. I'm not Heavy, lol. You and I both know that heavy doesn't believe in education. He's one of those common sense anti-intellectual people.
I don't like FEDERALLY run education... you can bet that.

States should be in charge of their own education.

“Activist, Comedian, Con Man!”

Since: Jan 09

www.HeavyFed.com

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#15
Jun 29, 2011
 
Hank wrote:
Nice try Charles. We know it's you. Just another random, irrational spewing of phrases you copied from the interweb.
<quoted text>
TBL wrote:
<quoted text>Good one Heavy.
Sorry, you are BOTH wrong... as usual.

I just woke up... I was awake until 5am this morning.
old

La Porte, TX

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#16
Jun 29, 2011
 

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east texas wrote:
Talk about the deadbeats on the government dole. Now think about the equally bad deadbeats who have a free ride on undeserved tax subsidies and tax breaks. These people are just as bad, they are bleeding the rest of us. Some of these same people are badmouthing the government for helping the poor. Some of these people are the smug republicans. We need a balanced approach to solving our problems. We need to go through the tax code and revamp it at the same time we go through the expense side of the budget. It won't hurt nearly as bad to the people getting an unfair tax break as those who are having entitlements ripped from them.
I agree to a balanced approach.

Cut taxes to zero!!!

You keep all of your money and I keep all of mine.

Here is the balance. You help who you want and I'll help who I want.

You or anyone else has no right to my money.

You or the government has no right to take my money or yours and give it to anyone else period!
TBL

Houston, TX

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#17
Jun 29, 2011
 

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well wrote:
The debt ceiling has been raised more than 100 times since around 1920. It has become routine. What is also routine is for the party that is out of the White House for the moment to object to raising it at THIS time, after having voted to do so the prior time, when THEY were IN office. There is a lot of hypocricy & posturing in all of this, and little responsible statesmanship. I think declaring bankruptcy is a pretty drastic step for a country to take. It has been done, for example in Argentina around 2002. What that meant was a severe loss of value of the currency, and a reduction in the standard of living for most everyone and a large increase in interest rates. I gradual solution does seem preferable at this late stage.
Financial Fear has replaced Terrorism Fear as the new weapon of choice of the government against us. They figured out a long time ago that in order to control us, they need to keep us afraid of calamity around every corner.

That being said, Argentina is a perfect example of what happens when a nation bucks the IMF. Kirchner told the US and the IMF to go away and after a year or so their economy turned around.

Greece is going to default. The pundits and the Fed will talk the markets in correction and at the end of the day the world will keep spinning.

They can keep their fear.
Hank

Houston, TX

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#18
Jun 29, 2011
 
Heavy Fed wrote:
<quoted text>
<quoted text>

I just woke up... I was awake until 5am this morning.
Concience bothering you?

“Activist, Comedian, Con Man!”

Since: Jan 09

www.HeavyFed.com

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#19
Jun 29, 2011
 
Hank wrote:
<quoted text>
Concience bothering you?
CONSCIENCE.

No... my CONSCIENCE is clear... which is more than you can say for yourself.

Since: Jul 10

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#20
Jun 29, 2011
 
The whole debt ceiling argument is just a ploy by the republicans to get the democrats to agree to make drastic cuts to the budget. Of course the republicans don't want the US to default on it's loans. That would cause the economy to double dip into a depression and hurt the global economy much like it did with Argentina, but the republicans are threatening to let default happen just to so they could pass their fringe agenda and court the tea baggers. Hopefully 14th amendment could still protect ourselves from defaulting even if they can't raise the debt ceiling, like I mentioned earlier.
why

New Smyrna Beach, FL

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#21
Jun 29, 2011
 
Yes, I hate politicians who play chicken with peoples lives. So, only the Party that cares to govern will 'give in" and succumb to the childish demands of the Republicans, who insist that No TAX breaks be withdrawn for corporate jets (widely used for personal luxury travel) or oil company tax breaks for multi nationals that no longer feel any loyalty to the country that they helped manipulate into invading Iraq to insure their profits.

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