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On Wed, 27 Jul 2011 10:09:19 -0600, Canuck57
wrote: On 27/07/2011 7:51 AM, Jay wrote: On 7/27/2011 6:31 AM, X-Man wrote: Debt crisis: Republicans scramble to rewrite plan following figures bungle Embarrassment for Congress speaker John Boehner after budget office finds $350bn hole in his original proposal Graeme Wearden guardian.co.uk, Wednesday 27 July 2011 10.07 BST Article history The US debt crisis has escalated after Republicans were forced to rewrite their proposal to lift the debt ceiling, because they miscalculated how much the original plan would cut spending. In an embarrassing development for John Boehner, the Republican Congress speaker, the Congressional Budget Office (CBO) ruled on Tuesday night that his bill would have only cut spending by $850bn (£517bn)over the next decade, not the $1.2tn he had aimed for. Republicans are now racing to rewrite the legislation, and have pushed back a congressional vote on the plan from Wednesday to Thursday at the earliest. Although Boehner was already struggling to find support for his package, the delay increases the risk that Washington will fail to agree a deal to raise the debt ceiling before 2 August, when the federal government is expected to run out of money. - - - Another one of those well-thought-out blank pages Republican proposals... Why is Obama still insisting he be written a blank check. He is standing in the way of Congress working to come together to try to solve this problem. ONE MAN is standing in the way of making progress. He has successfully Polarized Congress and increased the chances that he will have his way. Do you really want to give into the lies and false hope and dubious change. Surely, by now, you see the path this man is leading us down is ruinous. Yep. And I get a kick out of Obama's use of "compromise", yep, compromise America's future with debt-bankruptcy. No real American would want to see his country hit hard with debt-bankruptcy. CNN didn't report like the UK, Russian and Chinese media on Hilary being called in by the Chinese for a meeting. Your liberal media is brainwashing America. Moody's downgrade should have happened years ago. Any time a debtor has to print money to pay its debts, that isn't borrowing, and isn't solvent, it is bankrupt. Bernanke US Fed fraud, call it something sexy like Quantitative Easing but most know it for what it is, currency fraud. Fact is US is unable and unwilling to pay its bills with real money. Thus, a AAA rating is 100% bogus. Tells me Moody's as a rating agency isn't worth a dead rats cold ass. Obama is ruing the US. No country ever that has tried this economic policy has succeeded. None. Plenty have tried and have had major economic fallouts from it. Some even got wiped out as nations and not just the ensuing poverty. How many know that in just 5 years the USD has lost over 30% of its value against the Yuan? Pretty bad when the Mexican peso outperforms the USD for 2 years now. You've been struggling to find support for years. |
#12
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#13
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#15
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#16
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On 27/07/2011 11:14 AM, I_am_Tosk wrote:
In , says... On 27/07/2011 7:55 AM, basskisser wrote: Jay wrote: Why is Obama still insisting he be written a blank check. He is standing in the way of Congress working to come together to try to solve this problem. ONE MAN is standing in the way of making progress. He has successfully Polarized Congress and increased the chances that he will have his way. Do you really want to give into the lies and false hope and dubious change. Surely, by now, you see the path this man is leading us down is ruinous. We'll know the answer to that in about 5 1/2 years! Just about when I get my smoker finished! Did you see Obama approval ratings? All time low. At this rate Obama doesn't stand a chance in 2012. He is turning into a thug... now that he can't get his own way, well mostly because he doesn't have a plan.. Either way, using his Jobs Czar to bully Wisconsin, GE is moving a bunch of jobs from there to China.. Assholes, I bet he got his ass kicked a lot as a punk kid.. Pretty clear Obama is clueless. His rant may appeal to street lowlife and union bucket heads but as an investor, makes me want to write off the USA. Pretty clear all he wants is a blank check and his political career is more important than doing the right thing for 313 million Americans. What he doesn't seem to get is that is why he got elected, to do the right and necessary things a president should do. That is, do what is right for America. I hear GE in Waukeshaw WI is doing a $2B Chinese investment that looks to be of the scale need to shut down US operations. The fleabaggers better wake up, that is a lot of quality jobs to loose. And Obama should wake up, that is the first of many shots across the bow. I am surprised no one is talking US Fed Reserve fraud in all of this. Even GOP ignores it. Bernanke needs to be fired or nationalize them. I am not much for nationalization, but what Burnanke-Obama-Democrats have done is kill their revenue and raise the spending. Take zero interest rates in a 4% inflation environment. Fraud really because it means money is a devaluing asset not worth holding or investing in. No investment means fewer tax paying jobs. Retired with $2M in the bank, at 0% rates is zero taxes. But at 5% rates for savers, it means $100 in taxable earnings. Companies can lower earnings bars in low rate environments, reducing business taxes. And USA has the highest business taxes in the G8. Taxing them more, will lead to them leaving the USA like Seagate did. Hey, why should Seagate pay US income taxes on drives made in Taiwan or China sold in China? Might be easier to take those highly taxable incomes offshore. And they did. This stupid DC government of fools needs to get some economic sense. Until they do, USA will sink a little bit every month. -- Obama, enslaving Americans with debt-tax slavery for a spending binge. Doesn't even borrow real money, Bernanke just creates it like a counterfeiter. . |
#17
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#18
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#19
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On 7/27/2011 12:34 PM, jps wrote:
Blank check, blank check, blank check, blank check, blank check. This was the Republicans phrase for the day. Guess who picked it up? You? |
#20
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On Wed, 27 Jul 2011 14:05:13 -0400, Jimmy wrote:
On 7/27/2011 12:34 PM, jps wrote: Blank check, blank check, blank check, blank check, blank check. This was the Republicans phrase for the day. Guess who picked it up? You? I heard it and laughed every time. Where was Boner when Bush was spending trillions off the books on an adventure in Iraq that cost us 5000 American lives and tens of thousands wounded? The House is responsible for the budget, not the White House. Blank check is a bold faced lie meant to appeal to low info voters. |
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