When you SPEND money like water...

When you SPEND money like water...

Posted in the Minneapolis Forum

LIbEralS

Minneapolis, MN

#1 Aug 26, 2013
U.S. Treasury to Reach Debt Limit Sooner Than Anticipated

Treasury Secretary Jack Lew pressed Congress on Monday to allow the government to borrow more money, saying that it could default on its obligations if lawmakers do not act by mid-October.

"Congress should act as soon as possible to protect America's good credit by extending normal borrowing authority well before any risk of default becomes imminent," Lew said in a letter to congressional leaders.

http://www.cnbc.com/id/100968088

Judged:

12

12

12

Reply »
Report Abuse Judge it!

Since: Sep 11

Rogers, MN

#2 Aug 26, 2013
It can't be said enough times; We don't have a revenue problem, we have a multitude of spending problems. Is there such a thing as a thrifty politician? I don't think so.
background noise

Saint Paul, MN

#3 Aug 26, 2013
oooooooo the tension is unbearable. Here's how it will go. Obama will continue on with his endless campaigning with a new topic: the debt ceiling. Obama will threaten, congress will threaten, Obama will continue to stump telling the world the GOP wants old people and children to starve, the pussy, republican congress will cave.

This stuff is getting really, really old.
really

Saint Paul, MN

#5 Aug 28, 2013
Bushwhacker wrote:
Spending is down under Obama, you must have been "resting" during Iraq ?
Thank God it's the Australian Obama that increased our national debt by 5 trillion!

Judged:

10

10

10

Reply »
Report Abuse Judge it!
LIbEralS

Minneapolis, MN

#6 Aug 29, 2013
Bushwhacker wrote:
Spending is down under Obama, you must have been "resting" during Iraq ?
Do you have anything to back this statement up?

Judged:

12

12

12

Reply »
Report Abuse Judge it!
background noise

Sacramento, CA

#8 Aug 29, 2013
LIbEralS wrote:
<quoted text>
Do you have anything to back this statement up?
It is slowing now, but you have to look at it in context. Spending exploded under Bush during his last 2 years of his presidency. Spending exploded again the first 2 years of the Obama presidency and only recently started to slow down. So for Obama, or anyone to say Obama decreased spending more than any recent president is pretty disingenuous. Compared to who, what, where and when?

You also have to realize that Obama has a republican house, who hold the purse strings. You can't have it both ways. If you credit the current house, you have to credit Obama as well, I guess.

Now, if you want to talk about the exploding debt and deficit under Obama, that's a different matter entirely.

Since: Sep 11

Rogers, MN

#9 Aug 29, 2013
background noise wrote:
<quoted text>
It is slowing now, but you have to look at it in context. Spending exploded under Bush during his last 2 years of his presidency. Spending exploded again the first 2 years of the Obama presidency and only recently started to slow down. So for Obama, or anyone to say Obama decreased spending more than any recent president is pretty disingenuous. Compared to who, what, where and when?
You also have to realize that Obama has a republican house, who hold the purse strings. You can't have it both ways. If you credit the current house, you have to credit Obama as well, I guess.
Now, if you want to talk about the exploding debt and deficit under Obama, that's a different matter entirely.
A good portion of those spending cuts are due to sequestration. And the places the white house chose to make cuts were at best, ridiculous. Another attempt by Obama to try and grand stand to make the republicans look bad. Like they need any help with that.
background noise

Sacramento, CA

#10 Aug 29, 2013
cantmakeitup wrote:
<quoted text>
A good portion of those spending cuts are due to sequestration. And the places the white house chose to make cuts were at best, ridiculous. Another attempt by Obama to try and grand stand to make the republicans look bad. Like they need any help with that.
Good point about sequestration. But that's what I mean. If the lefties want to give Obama the credit, they need to give congress credit as well, and vise versa.

I look at it like this. When the democratic congress started under Bush, Bush allowed congress everything they wanted, and spending exploded. Today, congress is somewhat holding the reins in on Obama, not allowing him everything HE wants. If it were a democrat congress, nothing would be holding Obama back and then he would be spending money like water. In this case, the checks and balances might sort of be working.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
News Global warming 'undeniable,' scientists say (Jul '10) 1 hr chazmo 36,099
Tucker carlson 2 hr Space ace 9
CNN = Fake News 15 hr FOVR 42
CIA coup against trump! Fri Space ace 14
Hennepin County Judge Bruce Peterson: Feb 17 cowboy chris 5
Awesome first 3 weeks Feb 16 Waikiki brown water 27
God showed me Feb 16 Space ace 14

Minneapolis Jobs

More from around the web

Personal Finance

Minneapolis Mortgages