Dems: Don't 'play chicken' with debt ...

Dems: Don't 'play chicken' with debt ceiling

There are 95 comments on the Deseret News story from Jan 2, 2011, titled Dems: Don't 'play chicken' with debt ceiling. In it, Deseret News reports that:

Some Republican lawmakers said Sunday opposed raising the ceiling on the nation's debt without tackling government spending, and President Barack Obama's top economic adviser warned against "playing chicken" on the issue.

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Shady Lady

United States

#90 Jan 5, 2011
Oh, regulation, and oversight. All that regulation from the Obamatron is what held Unemployment at nearly 10%. Now watch the numbers come down, and hiring begin. If anyone really wants a job, there are jobs out there now.

“Leonardo Di Vinci died here”

Since: Nov 08

Perpignan

#91 Jan 6, 2011
Caribou Barbie wrote:
<quoted text>
Corporations and big oil in particular, moron, raise prices at will. ALL GOODS AND SERVICES GO UP REGARDLESS.
So what's the problem in taxing them, then?
Also, tool, why do you cheerlead for giant corporations? You an elitist owner of one of them?
LOL!!!!
Not likely, just another indoctrinated fool.
just admit you were wrong and move on.

“Angry Antlers ”

Since: Sep 08

Miami

#92 Jan 6, 2011
Le Jimbo wrote:
<quoted text>just admit you were wrong and move on.
Wrong about what?

Prices always go up, why not tax?

You're slipping Jumbotron.
Shady Lady

United States

#93 Jan 6, 2011
If there is a tax increase it is way in the future. We have to discuss raising the debt. To do that the Democrats will have to give Republicans something they want, like a Balanced Budget Amendment. That is also something the Democrats should want, so I am sure it will be bi partisan. To balance the budget there must be cuts in billions of dollars in Government spending, and weeding out of waste, fraud, and abuse. Democrats want to take it out of Defense in the middle of 2 wars. That won't fly. This will get very interesting.
cjrian

United States

#94 Jan 6, 2011
Caribou Barbie wrote:
Wrong about what?
Prices always go up, why not tax?
You're slipping Jumbotron.
Most taxes are based on percentages - of income, price, etc
When expenses/income rise, taxes track the rise
An increase in the tax percentage is "double dipping"
Joe

Orlando, FL

#95 Jan 8, 2011
Caribou Barbie wrote:
Whose advocating for getting rid of corporations?
Not me.
But a little regulation and ovesight, and how about redefining "small businesses" to mean business that gross less than 150k a year, not businesses who gross under 50 million.
That would be helpful, dontcha think?
If it weren't for businesses that EMPLOY people the out of control liberal government wouldn't be able to exist. And that same government is in the process of bankrupting all of us. You seem to forget that regulations cost money to enforce as well. Bureaucrats guarding their desks and mounds of paper cost money. How about not insisting that banks lend money to every broke person in America? How about not letting Fannie and Freddie run wild for starters?$150K to define a small business is ridiculous, that's a one person operation.
Shady Lady

United States

#96 Jan 8, 2011
If the Government regulations actually achieved something it would be different, but these regulations are for control, and they are job killing. People need to work. The Democrats need to understand that, and stop obstructing business from creating jobs.

“Angry Antlers ”

Since: Sep 08

Miami

#97 Jan 8, 2011
Joe wrote:
<quoted text>
If it weren't for businesses that EMPLOY people the out of control liberal government wouldn't be able to exist. And that same government is in the process of bankrupting all of us. You seem to forget that regulations cost money to enforce as well. Bureaucrats guarding their desks and mounds of paper cost money. How about not insisting that banks lend money to every broke person in America? How about not letting Fannie and Freddie run wild for starters?$150K to define a small business is ridiculous, that's a one person operation.
How about NOT getting your information from POX Propaganda?

How about banks not taking the TARP money and going under or be nationalized for their gambling habits with our mortgages?

Blame the victim is transparently a Reich Wing talking point, and, as usual, full of shit.

Fannie and Freddie were victims of the banks, hedge funds, and investment houses hell-bent on no regulation and lying about mortgages and their phony "AAA" ratings.

“Angry Antlers ”

Since: Sep 08

Miami

#98 Jan 8, 2011
Joe wrote:
<quoted text>
If it weren't for businesses that EMPLOY people the out of control liberal government wouldn't be able to exist. And that same government is in the process of bankrupting all of us. You seem to forget that regulations cost money to enforce as well. Bureaucrats guarding their desks and mounds of paper cost money. How about not insisting that banks lend money to every broke person in America? How about not letting Fannie and Freddie run wild for starters?$150K to define a small business is ridiculous, that's a one person operation.
George Tush encouraged people to form "S corps" during a state of the union speech.

Individuals with small businesses don't even register as "small businesses" on the SBA radar.

But Walmart does.
Liberal Antidote

Charleroi, PA

#99 Jan 8, 2011
Caribou Barbie wrote:
<quoted text>
How about NOT getting your information from POX Propaganda?
How about banks not taking the TARP money and going under or be nationalized for their gambling habits with our mortgages?
Blame the victim is transparently a Reich Wing talking point, and, as usual, full of shit.
Fannie and Freddie were victims of the banks, hedge funds, and investment houses hell-bent on no regulation and lying about mortgages and their phony "AAA" ratings.
Fannie and Freddie were 'victims' of Barney Frank and Chris Dodd among other crooked liberals. You have MSNBC and Olbermann so far up your bloated azz it would take TNT to remove them.
Shady Lady

United States

#100 Jan 8, 2011
I am curious to know if these people who say blame the banks for foreclosure, not the morgagee, that they took advantage of the loan applicant. Maybe they never had a mortage, but we have had 3, and I guarantee I knew what was in every one. I cannot fathom signing a multi thousand dollar obligation without knowing what those obligations were, unless you never intended to honor the obligation, which is what I suspect.
Liberal Antidote

Charleroi, PA

#101 Jan 8, 2011
Shady Lady wrote:
I am curious to know if these people who say blame the banks for foreclosure, not the morgagee, that they took advantage of the loan applicant. Maybe they never had a mortage, but we have had 3, and I guarantee I knew what was in every one. I cannot fathom signing a multi thousand dollar obligation without knowing what those obligations were, unless you never intended to honor the obligation, which is what I suspect.
You may want to read up on the Banks involvement in this foreclosure mess. If you have ever had a mortgage then tell me if the bank gave YOU the check for the so called LOAN! No intent to offend you I would just like for you to read up on this entire fiasco before you decide to 'side' with the Banks! By the way the TARP funds paid off all of the outstanding loans or mortgages and by foreclosing these Banks are stealing the home and selling something they have been paid for!

“Angry Antlers ”

Since: Sep 08

Miami

#102 Jan 8, 2011
Liberal Antidote wrote:
<quoted text>
Fannie and Freddie were 'victims' of Barney Frank and Chris Dodd among other crooked liberals. You have MSNBC and Olbermann so far up your bloated azz it would take TNT to remove them.
Not possible with George Tush apointees heading up both agencies, and Rethuglicans controlling both houses of congress for 12 years, so sorry, Sparkles, but you lose again.
Joe

Orlando, FL

#104 Jan 8, 2011
Caribou Barbie wrote:
<quoted text>
How about NOT getting your information from POX Propaganda?
How about banks not taking the TARP money and going under or be nationalized for their gambling habits with our mortgages?
Blame the victim is transparently a Reich Wing talking point, and, as usual, full of shit.
Fannie and Freddie were victims of the banks, hedge funds, and investment houses hell-bent on no regulation and lying about mortgages and their phony "AAA" ratings.
I have a degree in economics and I can think for myself. I also know history, and I can recognize an inept Congress and Federal Reserve and Executive Branch when I see one. Why wasn't the borrowed money paid back when the banks paid back their TARP money? Did that happen? No way, the government took it and spent it elsewhere. You must be on drugs about Fannie and Freddie if you believe what you wrote. If you don't think Chris Dodd and Maggot Frank had nothing to do with it, and cheered them on you're crazy. The whole idea of sub prime loans was the governments in the first place. Those weren't even around in the 70's until Carter got in office, and then Clinton expanded them later. You never heard of the them in the 80's under Reagan. You listen to Obama and the Dems tell lies and then think it's the truth. You obviously don't think for yourself.

“Angry Antlers ”

Since: Sep 08

Miami

#105 Jan 9, 2011
Joe wrote:
<quoted text>
I have a degree in economics and I can think for myself. I also know history, and I can recognize an inept Congress and Federal Reserve and Executive Branch when I see one. Why wasn't the borrowed money paid back when the banks paid back their TARP money? Did that happen? No way, the government took it and spent it elsewhere. You must be on drugs about Fannie and Freddie if you believe what you wrote. If you don't think Chris Dodd and Maggot Frank had nothing to do with it, and cheered them on you're crazy. The whole idea of sub prime loans was the governments in the first place. Those weren't even around in the 70's until Carter got in office, and then Clinton expanded them later. You never heard of the them in the 80's under Reagan. You listen to Obama and the Dems tell lies and then think it's the truth. You obviously don't think for yourself.
Well apparently that "degree" didn't help you any in understanding the toxic "asset" market Wall Street was engaged in, shredding our mortgages (mine included) and selling them off as "A" paper CDO's to foreign banks and hedge funds.

My brother left Lehman in 2002 when he was asked to securitize loans that were bogus, coming from banks at a rapid fire pace. Luckily he got out and got his 401k moved in time before everyone lost their jobs.

My bank was asked to locate my original loan, and they admitted to finding 48% of it.

After the court allowed them three extensions to locate the rest of it, they failed.

Recently I was awarded my now worthless property in a class A full-service luxury highrise, loan forgiven.

Naturally the hedge fund that now owns 48% of my loan has appealed this decision, and the right wing run courts are allowing it, after they were granted two years of extensions- extensions I would not have been granted not being a republican run banking institution, were the shoe on the other foot.

Subprime loans were a creation of Republican run banks, operating in an unregulated environment created by Republican policy.

The Republican run Federal Reserve creates money out of thin air, and did so during this debacle to the tune of over 1 trillion bucks, handing out lifelines to banks, insurers, Walmart, Exxon, and dozens of other along the way.

Dodd and Frank were operating under the Bush Regime, and had little influence over F&F.

I would lay blame with Bush's financial team, most of which Republican Obama has retained, and especially Bush's SEC pick who was nothing more than an industry insider tasked with guarding the hen house, and handing out right wing largesse as they saw fit, including turning a blind eye to multiple requests into Bernie Madoff, which a 12 year old could have uncovered with the evidence presented.

And do a little research into the Savings and Loan scandal in the 80's, headed up by Rethuglicans like Charles "Cheating" Keating and John McShame, as well as the Bush Crime Family.

LOL!!!!!

Keep cheerleading for the corporate fascist right, it's woefully transparent to the rest of us.

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