Default fears abound as lawmakers seem at a loss on how to agree on raising US debt limit

Jul 27, 2011 Full story: Star Tribune 37

Neither the House nor the Senate has a clear path forward for must-pass legislation to allow the government to continue to borrow to pay its bills, putting lawmakers and financial markets alike on edge less than a week before the deadline for heading off the nation's first-ever default.

Full Story
First Prev
of 2
Next Last
Justin

United States

#23 Jul 27, 2011
DavidH64 wrote:
<quoted text>
600,000? Try 800,000. Obama has increased the government by +800,000 Federal employees. Correct me if I am wrong, but didn't Obama say (during campaign) the government was too big and should be reduced? Just more proof of his fiscal irresponsibility.
Whatever the OBama administration spent the $1,200 Billion on, I hope they kept the receipts, so they can perhaps get the money back when these debt ceiling negotiations don't work out.

I wonder if Pelosi still thinks we need another stimulus spending package?

(crickets chirping...)

Since: Dec 07

Clermont, Florida

#24 Jul 27, 2011
Seems to me a default is going to happen anyway -- it's just a matter of whether it's sooner or later. And the more we dig ourselves into debt, the harder the fall. It's time to stop spending our money on anything that doesn't benefit America and Americans.

And btw, quit threatening social security, medicare and medicaid recipients! We've paid into the system for most of our lives and continue to do so.
lets see

Lumberton, NC

#26 Jul 27, 2011
repubicans refuse to raise debt ceiling.

refuse to get rid of tax loopholes.

refuse to raise taxes.

refuse to cut military budget.

refuse to accept trillions in social benifits cuts as enough.

see a patern here?

its hostage taking i tell ya. and of course this will be blmed on dems
true

Moneta, VA

#28 Jul 27, 2011
Raise it for what, more government control
rider

Marquette, MI

#29 Jul 27, 2011

White Anglo-Saxon Protestant or WASP is an informal term, often derogatory or disparaging, for a closed group of high-status Americans usually of British descent with a Protestant background who supposedly wield disproportionate financial and social power.[1] When it appears in writing, it is usually used to indicate the author's disapproval of the group's perceived excessive power in society. People seldom call themselves WASPs, except humorously; the term is typically used by non-WASPs.[2] The term more generally refers to long established, high status Americans, which usually constituted a Protestant of Northwestern European and Northern European descent (not necessarily British), but it excludes Catholics, Jews, Slavs, Blacks, Hispanics, Mediterranean people, Native Americans, and Asians.[3] The term also is used in Australia and Canada for similar powerful groups.[4][5]

While WASP power in the United States was unchallenged throughout the 19th century and the early 20th century, most scholars agree that the caste's influence has waned since the end of World War II, with the growing importance of Catholics, Jews, African Americans, Hispanics, and Asians.

George Bush, Skull & Bones and the New World OrderThey select 15 members of the junior class to be the Bonesmen the following year. Historically, Skull & Bones kept blacks, Jews and all other non-WASPs from ...
www.ctrl.org/essay1/GBSBNW.html - Cached -
http://www.ctrl.org/essay1/GBSBNW.html

Since: Aug 10

Atlanta, GA

#30 Jul 28, 2011
New England wrote:
Our annual revenue is $2 trillion and the interest on our debt is $200 billion, so with proper prioritization there is no way we need to default on our debt…unless the president chooses that we will.
The Republicans have been compromising – proposing an increase to the debt ceiling in exchange for spending cuts and a balanced budget amendment – more than reasonable. Yet Obama is threatening to veto. He and Geithner paint a picture of doom and gloom before the American people, but then assure their bankster buddies behind the scenes that everything will be alright.
The goal, of course, is to push the American people deeper into debt to the banking mob. The continuous printing of money (i.e. the Fed buying Treasury bonds) requires us to pay more and more interest to the Fed – which is a private bank. Meanwhile the Fed will continue to bail out the other private members of their banking cabal – all the while sucking value out of our dollars.
This is what happens when a country’s currency is backed by nothing and is controlled by a private central bank. And Obama the puppet is 100% complicit (as was GWB before him).
Compromise? What about the tax issues for the wealthiest? You know, making hedge fund managers actually pay what they owe. Closing up loopholes that cause American to lose billions each year in tax revenue.

Wake up. The Republicans haven't budged an inch because they want the working middle class to do ALL the giving. Unless you're a multi-millionaire, nothing Republicans do is going to benefit you in ANY way.

Since: Aug 10

Atlanta, GA

#31 Jul 28, 2011
Dismayed wrote:
Seems to me a default is going to happen anyway -- it's just a matter of whether it's sooner or later. And the more we dig ourselves into debt, the harder the fall. It's time to stop spending our money on anything that doesn't benefit America and Americans.
And btw, quit threatening social security, medicare and medicaid recipients! We've paid into the system for most of our lives and continue to do so.
You're right. Either we default or not, but this particular little game of cat and mouse they are playing has TWO deliberate and calculated plans to it. The first is to back Obama into a corner so that no matter which way he turns he will be made to look bad. The next is to get control of Social Security and Medicare so that it can be manipulated, if not completely wiped out.

We'd better wake up and start understanding exactly what's going on or we are going to doom a huge portion of the population of this country to very dire circumstances.

“Time to take back America”

Since: Apr 07

Location hidden

#32 Jul 28, 2011
tidy catz wrote:
<quoted text>
Compromise? What about the tax issues for the wealthiest? You know, making hedge fund managers actually pay what they owe. Closing up loopholes that cause American to lose billions each year in tax revenue.
Wake up. The Republicans haven't budged an inch because they want the working middle class to do ALL the giving. Unless you're a multi-millionaire, nothing Republicans do is going to benefit you in ANY way.
Where was the Democrats spirit of compromise when they shoved their universal health care crap down our throats. You liberals are really such hypocrites.

We can close tax loopholes, how about forcing Obama's crony Jeffery Immelt at GE to pay tax?

Democrats are making everything worse with their tax rich rhetoric. 9.2% unemployment is what is hurting the lower and middle classes, not letting others keep more of what they earn. The bottom half of wage earners pay no income tax and still receive rebates from the IRS and the wealthy still don't pay their fair share? Nothing will ever be enough for you statists.

Since: Feb 11

Location hidden

#33 Jul 28, 2011
lets see wrote:
repubicans refuse to raise debt ceiling.
refuse to get rid of tax loopholes.
refuse to raise taxes.
refuse to cut military budget.
refuse to accept trillions in social benifits cuts as enough.
see a patern here?
its hostage taking i tell ya. and of course this will be blmed on dems
I see illiteracy there Buford.

Of course it is the dumbOcraps fault.... you losers are what put us in this hole.

Since: Aug 10

Atlanta, GA

#34 Jul 28, 2011
sandman21 wrote:
<quoted text>
Where was the Democrats spirit of compromise when they shoved their universal health care crap down our throats. You liberals are really such hypocrites.
We can close tax loopholes, how about forcing Obama's crony Jeffery Immelt at GE to pay tax?
Democrats are making everything worse with their tax rich rhetoric. 9.2% unemployment is what is hurting the lower and middle classes, not letting others keep more of what they earn. The bottom half of wage earners pay no income tax and still receive rebates from the IRS and the wealthy still don't pay their fair share? Nothing will ever be enough for you statists.
The bottom half of wage earners pay not income tax? Really???? I am a VERY long way from the top half of wage earners and money seems to disappear from my paycheck every single week. It's called Federal Income Tax. Should I go to my employer and tell them their making a mistake?

Wanna know who doesn't pay income tax?

<<<< As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.

The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion. A TAX BENEFIT OF A BILLION DOLLARS!!!! Who made up for THAT loss in revenue? Me and YOU.

As a result, figures tax economist Martin Sullivan, companies are keeping some $28 billion a year out of the clutches of the U.S. Treasury by engaging in so-called transfer pricing arrangements, where, say, Microsoft's ( MSFT - news - people ) overseas subsidiaries license software to its U.S. parent company in return for handsome royalties (that get taxed at those lower overseas rates).

http://www.forbes.com/2010/04/01/ge-exxon-wal...

Read this and see how MUCH tax the United States is losing to corporations. Job creators, my ass. There are no jobs being created and there won't be. Stop protecting those that are bringing down America and offer nothing to the rest of us at all.

Since: Feb 11

Location hidden

#35 Jul 28, 2011
tidy catz wrote:
<quoted text>
The bottom half of wage earners pay not income tax? Really???? I am a VERY long way from the top half of wage earners and money seems to disappear from my paycheck every single week. It's called Federal Income Tax. Should I go to my employer and tell them their making a mistake?
Wanna know who doesn't pay income tax?
<<<< As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.
The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion. A TAX BENEFIT OF A BILLION DOLLARS!!!! Who made up for THAT loss in revenue? Me and YOU.
As a result, figures tax economist Martin Sullivan, companies are keeping some $28 billion a year out of the clutches of the U.S. Treasury by engaging in so-called transfer pricing arrangements, where, say, Microsoft's ( MSFT - news - people ) overseas subsidiaries license software to its U.S. parent company in return for handsome royalties (that get taxed at those lower overseas rates).
http://www.forbes.com/2010/04/01/ge-exxon-wal...
Read this and see how MUCH tax the United States is losing to corporations. Job creators, my ass. There are no jobs being created and there won't be. Stop protecting those that are bringing down America and offer nothing to the rest of us at all.
You seem to have forgotten about GE and your messiahs sweetheart deal with Imelt.... shocking how you libs always seem to "forget" about that.
CZars or US

Orlando, FL

#36 Jul 28, 2011
Never Trust Politrickians wrote:
<quoted text>
You seem to have forgotten about GE and your messiahs sweetheart deal with Imelt.... shocking how you libs always seem to "forget" about that.
Don't forget the Union pension payout to Gobmint Motors folks too.
If you are up to your azz in water, its time to stop digging.
If you are up to your neck in debt, its time to stop spending.
and If you are up to your ears in BS, its time to stop talking.

Since: Aug 10

Atlanta, GA

#37 Jul 28, 2011
Never Trust Politrickians wrote:
<quoted text>
You seem to have forgotten about GE and your messiahs sweetheart deal with Imelt.... shocking how you libs always seem to "forget" about that.
Why do you think I'm a lib? Did I say I was or did you just ASS-ume such because I want to protect what is rightfully mine while big business sucks the life blood from us all.

I don't give a damn who gave who a sweetheart deal. It needs to stop and they need to pay their taxes just like the rest of us do. Now go kiss some corporate ass quick before they want you to pick up some more of the taxes THEY don't pay.
Davy

El Dorado Springs, MO

#38 Jul 28, 2011
tidy catz wrote:
<quoted text>
Why do you think I'm a lib?
because you are a dumbass.

Since: Feb 11

Location hidden

#39 Jul 29, 2011
tidy catz wrote:
<quoted text>
Why do you think I'm a lib? Did I say I was or did you just ASS-ume such because I want to protect what is rightfully mine while big business sucks the life blood from us all.
I don't give a damn who gave who a sweetheart deal. It needs to stop and they need to pay their taxes just like the rest of us do. Now go kiss some corporate ass quick before they want you to pick up some more of the taxes THEY don't pay.
WEll lib kitty, you are an idiot... and a lib.

LIBS do not employ... corporations do.

Never once has a poor welfare mooching lib given a job to anyone..
Nation of Imbeciles

San Antonio, TX

#40 Jul 29, 2011
Justin wrote:
<quoted text>Whatever the OBama administration spent the $1,200 Billion on, I hope they kept the receipts, so they can perhaps get the money back when these debt ceiling negotiations don't work out.

I wonder if Pelosi still thinks we need another stimulus spending package?

(crickets chirping...)
America is done. The federal government has outlived its usefulness.
Nation of Imbeciles

San Antonio, TX

#41 Jul 29, 2011
sandman21 wrote:
<quoted text>Where was the Democrats spirit of compromise when they shoved their universal health care crap down our throats. You liberals are really such hypocrites.

We can close tax loopholes, how about forcing Obama's crony Jeffery Immelt at GE to pay tax?

Democrats are making everything worse with their tax rich rhetoric. 9.2% unemployment is what is hurting the lower and middle classes, not letting others keep more of what they earn. The bottom half of wage earners pay no income tax and still receive rebates from the IRS and the wealthy still don't pay their fair share? Nothing will ever be enough for you statists.
INCORRECT: The bottom half pay 3% of all income taxes. Bush's tax cuts eliminated even more taxpayers from the tax rolls than Clinton. You can't have it both ways.

SOURCE--IRS STATISTICS OF INCOME 2008:
http://www.irs.gov/pub/irs-soi/08inrateshares...

Read all of the IRS statistics here: http://www.irs.gov/pub/irs-soi

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

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.

Representative Bill Huizenga Discussions

Title Updated Last By Comments
Rep. Huizenga townhall meeting hits on Healthca... (Nov '13) Nov '13 wild child 1
Boehner absolves GOP defectors, seeks to reasse... (Jan '13) Jan '13 Tim 2
West Michigan watches Obama, Romney debate: Add... (Oct '12) Oct '12 Mark 195
Muskegon city commissioner running as write-in ... (Jul '12) Jul '12 BMD 1
Muskegon Township Democrat knows the math in ru... (Apr '12) Apr '12 Kurt Troutman 1
Video: A final goodbye for Whitney Houston (Feb '12) Feb '12 Sheik Yerbouti 27
Video: John Glenn: I didn't see myself as a hero (Feb '12) Feb '12 Your Ex 2
More from around the web