Where were you when America defaulted on its debt.
- Thread starter Mathias
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Can't be. Rush and Roger Ailes won't allow it. ONWARD WITH THE CRAZY!!
I am a bit scared for my parents, as they both draw SSI.
I got a great IDEA! lets play Russian Roulette with the economy... That always ends well. Just ask Johnny Ace.
I got a great IDEA! lets play Russian Roulette with the economy... That always ends well. Just ask Johnny Ace.
I'm guessing there is a pretty good chance the two sides will come to an agreement before the August 2nd deadline. Although I am by no means in a position to talk about US domestic or fiscal politics with any degree of authority, though much has made of the apparent current deadlock in the talks, I'd wager it is mostly domestic political wrangling and brinkmanship about the relationship between the debt ceiling raise, spending cuts, and a tax hike, and the two sides will eventually cut a deal and the debt ceiling will be raised. Because, frankly, allowing the US to default could, in my view, have consequences that make the decision of not raising the ceiling be beyond stupid.
And I'm sure the US lawmakers still remember what happened immediately after the 2008 vote where they initially defeated the W bank bailout package: Dow Jones lost some 1.2 trillion in value in the biggest single-day point drop in history. Which I don't think would amount to anything near the total damage done should the US default.
And I'm sure the US lawmakers still remember what happened immediately after the 2008 vote where they initially defeated the W bank bailout package: Dow Jones lost some 1.2 trillion in value in the biggest single-day point drop in history. Which I don't think would amount to anything near the total damage done should the US default.
Dave
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The response from the left? They've formed their own version of the Tea Party. Yeah. That's what we need. Another group of people unwilling to compromise and continue to stick to hard-line ideologies regardless of what's best for the country.
American Dream Movement kinda sucks as a name. It's nowhere near as catchy as Tea Party.
The left is always bad with names. Always. I don't know why.
The American Dream Party would have sounded fine. I think it's the Movement bit that kills it.
The American Dream Movement: announced their new corporate sponsors, Metamucil and Exlax.
Now that would be a smooth move.
I was reading some comments today on a related article. One had me rolling.
"We should have these slimball politicians have the American public vote on whether the cap should be increased"
What a moron. You DO vote for it every 2, 4, and 6 years! But I guess that's what it takes, huh? If it's not American Idol style telephone voting, it's not worth getting up is it?
Fucking idiots are killing this country.
"We should have these slimball politicians have the American public vote on whether the cap should be increased"
What a moron. You DO vote for it every 2, 4, and 6 years! But I guess that's what it takes, huh? If it's not American Idol style telephone voting, it's not worth getting up is it?
Fucking idiots are killing this country.
A friend of mine related a story earlier this week. He was listening to some show on the radio, and a caller suggested that there should be two presidents. One would handle all foreign affairs, and the other one would handle domestic affairs. The caller said that this was needed because the job was too big for one person to do alone. The radio host responded by asking what would happen to the cabinet.
Can you guess what the caller's response was?
"What do you mean? What's the cabinet?"
Relevant: http://www.bbc.co.uk/news/world-13906274
Way to go Fareed Zakaria: http://globalpublicsquare.blogs.cnn.com/2011/08/01/zakaria-tea-party-held-america-hostage/
Tell me about it
Raising the debt ceiling was the right thing to do you know, as the potential consequences of a US default might have been catastrophic. And you might not want to cut public spending too much at an economic situation such as this, as the fall of aggregate demand could make things worse for the recovery.
But yeah, sooner or later you guys are going to have to do something about that budget deficit of yours, probable through both spending cuts and tax increases.
But yeah, sooner or later you guys are going to have to do something about that budget deficit of yours, probable through both spending cuts and tax increases.
This I'd be ok with. Hell, I'm for spending cuts, as long as there is increased revenue. As it stands, this is a failure for the economy.
At this point, I'm wishing Hillary had won the Democratic nomination. My disappointment at the continued failure of this administration can not be measured in mere words.
*sigh*
But don't forget, half the fun of politics is feeling the way you do and knowing you don't have any choice but to keep voting for the same person who has let you down! Because, I mean, who else are we going to vote for? It's not like anyone in the party is going to have the balls to actually challenge the sitting pres or that anyone on the other side will suddenly turn into an ideal candidate. See? Politics are fun, especially if you like loathing yourself.
The important thing to remember Krisken, is that no matter how dark the day may get, GE will never pay taxes and their CEO will continue to jerk off the pres under the table.
I dunno man, I wish I didn't feel so defeated and hopeless when it comes to politics, I don't like it, really. I just see nothing to change my mind about it so far from either side.
I dunno man, I wish I didn't feel so defeated and hopeless when it comes to politics, I don't like it, really. I just see nothing to change my mind about it so far from either side.
Now, okay, Gabrielle Giffords got shot in the brain and voted for this bill, but what is everyone else's excuse?
Well lets see, Dems wanted to raise the debt ceiling enough to get past the election to avoid being accountable, Republicans wanted to raise the debt ceiling enough to where it would come back around the election so they could use it to play politics.
I repeat again, FUCK BOTH PARTIES. Screw it, FUCK ALL OF WASHINGTON. They're all a bunch of shitheads.
I repeat again, FUCK BOTH PARTIES. Screw it, FUCK ALL OF WASHINGTON. They're all a bunch of shitheads.
What did you want him to do? Let the economy default? Because the way the Tea Party was going, they were going to let it all burn just so they could say they didn't raise taxes even a tiny amount.
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