Ask Me Help Desk - Debt limit

Can't understand, the tea party group has passed two great bills offering to raise the debt limit, it is not them who keep saying no.

Had the Senate accepted one of the two plans given, there would be a increase in the debt limit.
Can't see how the House is not doing their job, Perhaps one should point the finger at those who keep saying no to plans.

Quote:

Originally Posted by Fr_Chuck

Can't understand, the tea party group has passed two great bills offering to raise the debt limit, it is not them who keep saying no.

The Democrats want "compromise," which is similar to "balanced approach" which both mean, "our way or the highway."

Quote:

Originally Posted by Fr_Chuck

Can't understand, the tea party group has passed two great bills offering to raise the debt limit, it is not them who keep saying no.

Can't see how the House is not doing their job, Perhaps one should point the finger at those who keep saying no to plans.

Hello Padre:

Well, it depends on what you think their job IS. If their job is to GOVERN, then these bills (as good as they are, or not) won't do the trick.. That's because they have NO chance of passing in the Senate, and the people who drew them up KNEW that. Therefore, the bills are nothing more than nod toward the Tea Party so they won't get primaried..

So if you think their job is to make POLITICAL statements and run for re-election, then they're doing their job.

excon

Great is in the eyes of the beholder. Some will like what the Tea Party is cooking, some won't. Just like some will like what the Senate cooks up, and the Tea Party won't.

The deal made by our leaders behind closed doors does a huge increase in debt increases immediately ,and if Congress approves the President's request even more.

In exchange there are modest cuts stretched out over a decade ,giving future governments plenty of time to renege .

All this will do nothing to change the fact that a downgrade in US bond ratings is coming any day now.Stephen Dales of Capital Economics says ;

Quote:

the reported size of the deficit reduction package is very unlikely to prevent America from losing its AAA credit rating. The only question is therefore whether S&P and the other rating agencies pull the trigger this week or wait a little longer. Either way, though, we stand by our long-held view that 10-year Treasury yields will fall to 2.5% by the end of the year and stay there for some time.

http://financialpostopinion.files.wo...ing-jul-11.pdf

Oh ;and that claim by Speaker Bonehead that tax increases have been averted... yeah right.
That new "bipartisan" super committee will propose all types of tax increase ideas.

Hello again, tom:

Of course, it COULD be said that we're going to be downgraded because CUTTING spending won out over stimulus spending...

And, I'm going to say that.

excon

Quote:

Originally Posted by excon

Hello again, tom:

Of course, it COULD be said that we're gonna be downgraded because CUTTING spending won out over stimulus spending...

And, I'm gonna say that.

excon

No Ex you are going to be downgraded because you didn't cut enough. The rating agencies aren't interested in aspirations and stimulus spending, like I said before it is about how big the debt is and what it costs to service it. In this case B/S doesn't baffle brains. Had they taken the 4 Trillion when it was on the table then you might still be AAA but with almost nothing cut you are BBB material, the slide has begun. As one banana republic to another, plant your bananas now you are going to need them and some pineapples too. You can thank George Bush for this he started the rot, Basically what has happened here is BO has covered what has happened on his watch and left Bush's legacy untouched

Quote:

Originally Posted by speechlesstx

The Democrats want "compromise," which is similar to "balanced approach" which both mean, "our way or the highway."

Hello again, Steve:

I guess "OUR way" meant we're going to bend over for you..

excon

Paul Krugman ain't happy so it can't be all bad.

This round of arguments come to an end, and we still need some jobs right.

Somebody explain how Clinton raised taxes, balanced the budget, and created 21 million jobs? And Bush came along and gave us wars, recession, and lower taxes, and no jobs.

And we argue on which way we should be going?? Follow the Clinton plan, are we crazy??

Tal ;that's easy .Clintoon raised taxes early ;and took a shot at universal health care (Hillarycare it was called then)... He almost got his political head handed to him in 2004 for his over reach . He triangulated and did budget cuts and welfare reform ,and got a temporary boost in the economy with the dot.com boom.
By the time he left overregulation had reared it's ugly head in the form of Sarbanes-Oxley and there was a recession in 2000 . Bush tax cuts ended that and except for the negative affects 9-11 had on the economy ;the Bush recovery would've lasted for 8 full years until the bubble the government created in housing burst in 2008 .

Lets not forget Bush's' keeping two wars, and no child left behind, and part D prescriptions for Medicare off the books.

Heck, if I didn't have to put all my checks in the check book, I would be rich too! At least on paper, but I doubt that would go far at the end of the month. It didn't work to well for George at the end of his term either.

Quote:

no child left behind, and part D prescriptions for Medicare off the books.

Yeah he made a mistake going along with Teddy Kennedy pet projects .

After all the left's posturing about the Tea Party taking hostages, after all the fear-mongering about default, abut soldiers and SS recipients not getting paid, Jonathan Capehart at WaPo wants to hold the country hostage.

Quote:

Time for Obama to be feared by the Tea Party
By Jonathan Capehart

Progressives and other peeved supporters of President Obama who aren’t happy with the all-cuts-no-revenue deal to raise the debt ceiling need to see it as the beginning of a very long (and necessary) process to get the nation’s fiscal house in order. But it also means that the president will have to be more aggressive in his use of presidential power. In short, I want him to use everything the bully pulpit has to offer to get what he wants, including shutting down the government if he must.

Suddenly, ruling by fear and intimidation, hostage taking and shutting down the government ain't no big thing to the left.

Quote:

Originally Posted by speechlesstx

Suddenly, ruling by fear and intimidation, hostage taking and shutting down the government ain't no big thing to the left.

Hello again, Steve:

Why not? It worked for you.

excon

Republicans didn't shut down the government, they just called his bluff. He warned them not to send him a bill with no tax increases or he would veto it. He signed it now didn't he?

Quote:

Originally Posted by speechlesstx

Republicans didn't shut down the government, they just called his bluff. He warned them not to send him a bill with no tax increases or he would veto it. He signed it now didn't he?

It's part of his strategy.

Quote:

Originally Posted by speechlesstx

Republicans didn't shut down the government, they just called his bluff.

Hello again, Steve:

True. Obama even said he was bluffing.. I believe he CHALLENGED the Republicans not to "call his bluff".. That ain't the way to play poker and it ain't the way to negotiate..

excon

Quote:

Originally Posted by Wondergirl

It's part of his strategy.

LOL, right. Works for me.