[Wondergirl]

spending spree?

Interesting misinterpretation of what I said.

I'm saying just because they need it and you give it doesn't mean they will use what you give them the way they are supposed to.

[talaniman]

Originally Posted by speechlesstx
He spent hundreds of billions of dollars on "shovel ready" jobs

That stimulus you refer to as a spending spree was TAX CUTS, infrastructure, and relief for those that were affected,

Recovery.gov - Tracking the Money

Stimulus Spending, Breakdown by States - The Wall Street Journal Online

Texas is still spending theirs, so ask Rick where the money is at. You are probably working now because of that stimulus package to Texas.

[talaniman]

American Recovery and Reinvestment Act: Texas Stimulus Impact

Texas remains vague on ARRA spending data - The Texas Observer

Susan Combs - Texas Comptroller of Public Accounts

[excon]

I thought this was a crisis for crying out loud.

Hello again, Steve:

It IS a crisis that is completely MAN made by the Republican party, for crying out loud.

excon

[talaniman]

And the repubs have walked away again. That's real crisis management!

[excon]

Hello again,

I'm back to my original premise. BOTH sides are willing to risk financial meltdown because they think the OTHER party will be blamed, and they can GAIN power.

They really DON'T care about you and me. Can anyone offer evidence to the contrary?

excon

PS> Let me ask you this. If you've sworn an Oath of Office, and you've signed a pledge, which one do you adhere to?

[paraclete]

Hello again,

I'm back to my original premise. BOTH sides are willing to risk financial meltdown because they think the OTHER party will be blamed, and they can GAIN power.

They really DON'T care about you and me. Can anyone offer evidence to the contrary?

No Ex you are definitely right it is all about grandstanding and partisan politics

[speechlesstx]

I'm back to my original premise. BOTH sides are willing to risk financial meltdown because they think the OTHER party will be blamed, and they can GAIN power.

They really DON'T care about you and me. Can anyone offer evidence to the contrary?

Republicans have passed the legislation. Democrats have offered nothing, intentionally.

PS> Let me ask you this. If you've sworn an Oath of Office, and you've signed a pledge, which one do you adhere to?

What part of required by law to pass a budget resolution (Senate) and required by the constitution (House) to pass a budget don't you get? Democrats have done neither.

[speechlesstx]

And the repubs have walked away again. Thats real crisis management!

What plan have the Dems offered?

[speechlesstx]

That stimulus you refer to as a spending spree was TAX CUTS, infrastructure, and relief for those that were affected,

Recovery.gov - Tracking the Money

Stimulus Spending, Breakdown by States - The Wall Street Journal Online

Texas is still spending theirs, so ask Rick where the money is at. You are probably working now because of that stimulus package to Texas.

[tomder55]

Clever strategery the Dems have. They offer nothing and watch while the Repubics negotiate with the conservative and TP members of their causus .

All we know for sure is that all the negotiations have been conducted in secret ,and when they break down there is finger pointing nonsense.

What happened to transparent governance ? Why is every legislation negotiated outside of the open committee process ? Why does every legislation need 2000+ pages of pablum designed to produce 100,000 pages of regulation ? How did this country become the Levithian ?

[speechlesstx]

Put the negotiations on Cspan, I'm all for it.

[excon]

Republicans have passed the legislation. Democrats have offered nothing

Hello again, Steve:

Their legislation was designed to provide cover for their base - NOT to solve the problem... Offering a piece of CRAP, even if it's WRITTEN crap, is the same as offering NOTHING. I repeat - BOTH sides are running us off the cliff.

excon

[tomder55]

Their legislation was designed to provide cover for their base - NOT to solve the problem... Offering a piece of CRAP, even if it's WRITTEN crap, is the same as offering NOTHING.

I think Reid shelved the bill because if it came to a vote in the Senate it may well pass after revisions .Then it would go to conference. The negotiable point is the Balanced Budget Amendment , which I don't think will ever happen.

This is what the President doesn't want to happen. That would force him to take action beyond lip service and bully pulpit posturing... either sign or veto .
Cut ,Cap ,and Balance and the sort of proposal by the Gag of 6 is the only thing on the table as of today. Cut,Cap,and Balance is the only legislation that has moved .

[talaniman]

The way all the polls see it (and me), the majority of the people want a plan that shares the pain with every one. Show me one that says differently. That makes any plan that's not fair and balanced, BS! That what the American people want, so why can't we get it??

TEA anyone? It's a fact they are a minority, and since when do the minority dictate to the majority??

Raise the debt ceiling and fight all you want to about the rest. Then vote in 2012, and we move on.

[tomder55]

The rating agency Egan-Jones became the 1st of many to downgrade the US rating from it's highest rating.

Their reason is not the impass over the debt ceiling . Instead they did this because the US has a debt load exceeding 100% of GDP . By comparison our friends in Canada sport a modest by comaprison 35% debt ratio.
Egan Jones cuts US rating, cites high debt load | Reuters

[excon]

Hello again,

There's a group of people who think that the Democrats are LYING about the disaster that awaits us. In fact, they see many of their goals being MET, IF the debt ceiling ISN'T raised.

I'm afraid that when the economy comes crashing down around us, they'll call it a success..

excon

[talaniman]

Canada has some strict regulations concerning the financial markets, and were less affected by the sub prime fiasco that nearly destroyed us. They didn't have to bail out banks, and then have those banks abandon them.

Miracle economy: How Canada avoided the Great Recession | Alaska Dispatch

We have not, therefore, suffered a sub-prime crisis, nor have we had to spend a fortune bailing out banks – all have remained solvent. We suffered no crash in real estate; currently, we have a housing boom. Former US Fed Chairman Paul Volcker, speaking in Toronto in 2009, about the financial crisis, said, “It’s interesting that what I’m arguing for looks more like the Canadian system than the American system.”

Makes you wonder who benefits from a default of American debt?? The BANKS do.

[paraclete]

Why is every legislation negotiated outside of the open committee process ? Why does every legislation need 2000+ pages of pablum designed to produce 100,000 pages of regulation ? How did this country become the Levithian ?

Don't ask rhetorical questions Tom you might get answers you don't like:D

[tomder55]

They didn't have to bail out banks, and then have those banks abandon them

.
Yeah and they didn't have the Community Reinvestment Act ,politicians like Andrew Cuomo strong arming banks and lending institutions to lower their lending standards ;a politician's piggy bank called Fannie Mae ,'friends of Angelo ' Senators(who later went on to write the new FinRegs ) getting sweet heart mortgages and other favorable loans from the leading bankers in the country .

BTW... I was 100% opposed to TARP . I was right and the Special Inspector General of TARP agrees with what I said at the time... that bailouts just encourage more risky behavior by banks by encouraging moral hazard .
http://online.wsj.com/public/resourc...ts/CitiOIG.pdf

Unless and until institutions like Citigroup can be left to suffer the full consequences of their own folly, the prospect of more bailouts will potentially fuel more bad behavior with potentially disastrous results,

You find moral hazard in bailing out banks . You find moral hazard when the Fed won't let the stock market decline .You find moral hazard when the EU won't let Greece fail. You find moral hazard when your solution to overspending is increasing the debt to over 100% of GDP .