Breaking News: House votes to 'disapprove' President Obama's request to raise the deb

Cutting waste would not increase unemployment or degrade tax revenues. You (*)(*)(*)(*)(*) about partisan hacks but do nothing but (*)(*)(*)(*)(*) about republicans. Obama is ADDING LONG TERM DEBT. Does that make him a republican in your eyes?
Euro is having issues because countries were SPENDING to much.

 

What choice is there? The problems of outsourcing and manufacturing have been compounded by two wars and 72 raises in the debt ceiling since 1962.

We have been living above our means and making poor budget decisions for decades and now its time to pay the piper.

I agree its unpleasant as h*ll..

It can be turned around, but it would require non partisan choices.. and we are too freaked out to make those choices.

Its all devolved into name calling and idiocy.... Look at the field of GOP candidates.. They are still yapping about abortion and gay marriage.

 

Cutting waste? I asked you to give us 100billion in waste you failed to even provide us with 1 billion.

Obama's POLICIES have decreased the long term deficit. I'm sorry if you don't know the difference between policies and years, maybe you should pull out a dictionary.

Spain, Italy, Ireland, Portugal, France, and pretty much every Euro country except Greece when compared with America had lower deficits (some had surplus) before the crisis, they also had lower debt levels before the crisis and today have lower levels of debt and deficits.
Meaning like always you are lying or you've been tricked by propaganda.
It's rather hard to have a intellectual debate with right wingers because all they do is lie and the furthest they take there thinking is one line bumber stickers

 

Where are the cuts that were promised the last time they raised the debt ceiling?

 

Do you actually think there would have been no Medicare Part D if Gore had been in office?

And that after 9/11 Gore would not have attacked Afghanistan?

Financial deregulation...huh? There was no financial deregulation under Bush. In fact, there was further financial regulation under Sarbanes-Oxley.

As far as the rest of your dream scenario goes, it really is just a dream.

 

Obamas already instituting military cuts

 

Actually you asked another poster this

Try to keep up.

 

Its not hard to keep up when non of you can even post 1billion in wasteful spending. Its rather pathetic how republicans rant about wasteful government spending yet can't even post a single example of it

 

Like i said in the other thread.

Foreign aid.

Thanks. Now continue your ranting.

Btw. Im an Independent. So you can save your rightwing/Republican rants for another poster.

 

Anything else?

 

The super committee failed to make any cuts last time we raised the debt ceiling.

Doesn't congress have to make those cuts, not Ubama?

Where is the congressional budget?

 

And like i mentioned before buying food to eat isn't a waste, why/how you think it is is a poor reflection on oyu

 

Also like i mentioned there is only 20 billion in foreign aid funding so you are 30 billion short even if we include your stupid argument that using money to eat is a waste

 

It does not matter if they vote to disappove it. It is already set up where all the President has to do is override it with a veto and the cieling automatically goes up another 1.5 Trillion.

 

Good let him do that then...it will all be on his head.

 

After the complete and utter Failure that was the Raw Deal......after the complete and utter Failure that was Obama's PORKULUS.......

.......you still have hope in a complete fraud and utter lie. Willfull ignorance on parade......

Which economics course details "Balancing Budgets".......because its apparent no Democrat in history ever took such a lesson.
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Feeding other countries when you are having issues feeding your own is stupid. And a portion of Foreign aid goes to the militaries. So your arguement is complete crap.

 

Yeah I have noticed......Europe has subscribed to your hair brain economics for decades......

........and now they teter on the verge of collapse....with moutains of (D)ebt and (D)eficits. Yeah MORE SPENDING.......that works 0.0% of the time......



How is that working out in Europe Stevie Wonder?
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Odd how you consider the larges GDP and employment growth in the history of American history as a failure.

Also odd how you consider 4million long term jobs and saving trillions of dollars down the line as a failure

Its called economics 101.

In the past 70 years the only governments to increase the long term deficits were republicans ones.
So like usual you're a liar

NOtice how your sources is inaccurate. Ironic that a liar like you would use a source were the real numbers were changed.
http://www.economicshelp.org/blog/774/economics/list-of-national-debt-by-country/
^European debt is lower then American
http://www.guardian.co.uk/news/datablog/2010/may/27/debt-deficit-oecd-countries-data
^America also has higher deficits

However lets check in with the countries then cut spending and follower the austerity polices you advocate
Portugal went back into recession after it cut spending
http://www.ft.com/intl/cms/s/0/7bd019ba-1d81-11e0-a163-00144feab49a.html

UK saw its unemployment rate steadily increase after it cut spending
http://www.bbc.co.uk/news/business-16175309

After austerity Greece plunges into the worst recession in modern history
http://online.wsj.com/article/SB10001424053111903285704576558112140424614.htm

Italy falls back into recession after it cuts spending
http://www.roubini.com/analysis/163000

 

Here we go again...

U.S. to hit debt limit before election day

The United States Department of Treasury will reach the the statutory limit it is allowed to borrow money before election day, according to a new study by Sen. Rob Portman, R-Ohio., former director of the U.S. Office of Management and Budget.

“Following the contentious debt ceiling last August, President Obama promised that he would take action to address the country’s fiscal crisis. He has failed to do that," Portman said. "In fact, his new budget increases spending and projects that Washington will be hitting the debt ceiling again in mid-October – burning through a $2.1 trillion debt limit increase in just over 14 months."

Portman's office notes that according to Obama's budget, total debt subject to the statutory debt will reach limit will reach $16.334 trillion by September 30, 2012. This is just $60 billion below the 16,394,000,000,000 debt limit. Since the federal government is adding to the national debt at a rate of $132 billion a month, the debt ceiling is on schedule to be reached by October 15, 2012.

" This is an unfortunate but clear signal to the American people that Washington is spending too much, borrowing too much, and putting our nation’s fiscal stability at risk," Portman said.

Earlier today, Treasury Secretary Tim Geithner admitted that the debt limit would be reached this year. But he sounded confident it would be later than October 15th. "We do not expect to hit the debt limit until quite late in the year, significantly after the end of the fiscal year [Sept. 30] but before the end of the calendar year," Geithner told the Senate Budget Committee.

I guess we'll get another debt ceiling fight this year.

 

Here we go again...

U.S. to hit debt limit before election day

The United States Department of Treasury will reach the the statutory limit it is allowed to borrow money before election day, according to a new study by Sen. Rob Portman, R-Ohio., former director of the U.S. Office of Management and Budget.

“Following the contentious debt ceiling last August, President Obama promised that he would take action to address the country’s fiscal crisis. He has failed to do that," Portman said. "In fact, his new budget increases spending and projects that Washington will be hitting the debt ceiling again in mid-October – burning through a $2.1 trillion debt limit increase in just over 14 months."

Portman's office notes that according to Obama's budget, total debt subject to the statutory debt will reach limit will reach $16.334 trillion by September 30, 2012. This is just $60 billion below the 16,394,000,000,000 debt limit. Since the federal government is adding to the national debt at a rate of $132 billion a month, the debt ceiling is on schedule to be reached by October 15, 2012.

" This is an unfortunate but clear signal to the American people that Washington is spending too much, borrowing too much, and putting our nation’s fiscal stability at risk," Portman said.

Earlier today, Treasury Secretary Tim Geithner admitted that the debt limit would be reached this year. But he sounded confident it would be later than October 15th. "We do not expect to hit the debt limit until quite late in the year, significantly after the end of the fiscal year [Sept. 30] but before the end of the calendar year," Geithner told the Senate Budget Committee.

I guess we'll get another debt ceiling fight this year.