Will we default on our debt.
 

Seems both sides are sticking to their guns, but we're close to running out of time. Bond raters are threatening, the world is looking. Many economist predict it would throw us into another recession.

Seems the issue is taxes. Obama gave a lot regarding spending, the GOP is holding the no tax line. Obvious, it's all about politics and coming elections, who will blink first and who will be able to point the bigger finger of blame, seems that's all they care about.

I tried to think of an insightful response...


but it wont matter.


i dont care, i dont *** care. Burn the whole damn country down - i just dont care its all screwed anyhow.

burn it all down, you can even start right here with my house... just light a match and watch that puppy burn.

Im sick of this crap

Frankly i think today's GOP would sooner see the country burned into ash's before they'd give an inch. Last i've looked at politics (and its been a few months), the had this attitude of "We are at war", with a mindset of "all or nothing". If that's still true.. well... i guess we'll see.

Not the whole country, they'll do their best to protect corporations and the elite.

I find it sickening they want more tax breaks for corporations when all facts show they take the extra profit and invest it in creating jobs in other lands. The last tax holiday for them was a joke. They promised with a tax holiday they would create more jobs here, when in fact they invested in dividends and created more jobs overseas, even laid off thousands or more workers.

It blows my mind how those in the GOP really trust corporations...

I just don't understand how they expect to have the country move forward without raising taxes. Fact of the matter is we have a huge war debt, and deficet. I don't want to pay more taxes myself, but i just don't see how we could NOT. Even Saint Ronnie raised taxes - several times. So these jackwagons nowadays? I don't get them. Lost on ideological principles, without a shred of practicality perhaps.

It's a big circle jerk off. Corporations say with tax breaks and less regulation they would bring jobs back, but each time we do give corporations taxbreaks and less regualtion they use it to build more plants and hire more workers overseas. That leaves more job shortages here, resulting in people seeking more social services. The GOP complain about all the social services, but they cause the effect, except they would rather people do without. They then cry the answer is to lower taxes and regulations, but when we do corporations again will move more jobs overseas and invest profits there, thus the circle continues.

Before the Bush tax cuts we had a surplus, under Bush we went from 5 trillion in debt to 10 trillion, under Obama even more, but people forget when and who created the mess, although both parties are guilty. The only difference I see in dems is they want the now small rich elite to pay for social services, the GOP would rather people die out.

I'm just waiting for my bailout.

the only solution to the mess we are in is to default on our dept

thats what you and i do if we cant pay our bills, you certainly dont go to your boss and say he HAS TO pay you more because your in dept.


defaulting isnt the end of the world people and its a good alternative, not the most desired but at some point you must take your medicine


if you cant pay your bills will taking out another loan help you or add to your dept?

over the last few years under obama and with the democratic control of both houses they had cash for clunkers and two stimulus packages that didnt create any jobs so they raised the dept ceiling and the democrates spent it all then they raised the dept ceiling again and the democrates spent it all then they raised the dept ceiling again and the democrates spent it all again so what in gods name makes you think this time is any different?

the only way to stop the spending is to stop the free money train by defaulting, then and only then will the politicians be limited to only spending the money they have instead of spending $1.60 for every $1 they take in

Only going to say this: The democrats spent it all?

Uh, not so much, mate. Where do you think Mr. Reagan got his 600 ship navy? You know as well as I do that dems don't spend on the military.

was reagan in the next room spending obamas raised dept limit? if he was i missed that part

its always blame the republicans but the only repulican with serious spending issues was g w bush who spent money like a democrate and is partly to blame for the mess we are in now but that said he spent small change compared to what they spend now

why do democrates always say "look over there look at him" when they cant defend what they are doing? what is it with this "he's more guilty then me" syndrome when they are all a bunch of idiots republican and democrate alike who cant stop spending

I think the same about the Democrats, what a coincidence.

I differ with the GOP on taxes, I think they should raise all income tax brackets--low, middle, and top-- 15% across the board until the deficit is wiped clean.

Had the GOP power they would've done the same bailouts, in fact most voted for them, those did not did so because they needed a pass. Bush was first to bailout banks in 2008, not to mention he passed TARP. Face it, Obama stepped into the biggest economic crisis in modern history.

I agree the bailouts were bad, but more because they just gave the money and let banks due with them as they pleased, but most have paid it back. It seems the economy is going to crumble, just congress electing to prolong it.

Course when they can't pay the bills, let's see who doesn't get paid, people on SS and Medicare or due defense contracts, etc...

The fact seems that neither side has an answer, because both love to pander to the special interest that keep them in power, rather than compromise which the GOP ain't gonna do, they would rather cut medicare than even tax corporate luxary jets.

well the tea party god rid of many of those republicans who voted for bailouts and spending more but sadly too many are still there. those tea party people are still watching and paying attention to whats going on and you will see many more republicans get defeated or not in the next election based on what they say and how they vote between now and then.

for the life of me i cant see why people like barney frank and harry reid can still get elected after 100% flat out proof they do nothing to help or represent the people who elected them. now im not saying replace them with a republican but at least replace them with a democrat that "might" look out for the intrests of the people of that state.

im a life long democrat but voted republican the last 5 years mainly because of the out of control spending on both sides and i know less goverment is what i want and lower taxes will create more jobs.

the republican and democrat progressives believe in socialism and want to create a socialist contry while regular democrats believe spending money and bigger goverment solves all the problems and the regular republicans believe cutting taxes and smaller goverment solves all the problems and they are all wrong but cutting taxes will help get more jobs because when companies have more money they hire new workers and lay off less workers and thats the most important thing for now.

there is not a politician in washington that gives a rats azz about us or the country but they only care about what lobbyist give them and how to stay in office

No. This is all political kabuki theater. No one wants to be part of the Congress that let America default.

No. Companies do not hire new employees because they paid less in taxes. They hire employees to meet the demand coming in the front door. Businesses are in business to meet a demand. Businesses will only create enough jobs to fulfill that demand.

I don't get myself in that position to begin with. I owe to creditors, a big fat ZERO dollars. I also earn more money then i spend.


I'm not a card carrying member of either party. I am however, more disgusted with GOP emotionally charged rhetoric. Im sure democrates are doing the same BS, it's just the GOP that i seem to hear more of.

Ultimately, i think its this two party system we have right now that will bring about our downfall. I say this because im under the impression statesmanship is (or should be) an art of compromise. If neither side wants to compromise, they fight while the cabin crumbles down around them. In the end, we ALL lose.

KABUKI theater, I love it! :DL:har:

http://politicalkabuki.com/images/kabuki_header8.gif

I do agree with this;
http://www.cnn.com/2011/OPINION/07/1...html?hpt=po_t2

Lets just default on all the foreign debt, file bankruptcy, reset the books and start over. In the new set of rules, simply state you can't spend what you don't have.

Fire Congress, the Senate, and the entire Executive Branch. Face it, if you were in a private company and things got this screwed up, the shareholders would have the entire upper echelon fired. Time we do the same.

Starting to think someone like Larry the Cable Guy would make a better President anyway.

Webster, look at the last tax holiday, corporations promised more jobs, they actually laid off more workers after it and invested the money in stocks for themselves and used more profit to create jobs overseas.

Tax breaks creating jobs in a global economy works only where they can create jobs for less. Do you really think corporations will create more jobs here or in China of India. The issue isn't taxes, it's regulation, but here in the US we can't or won't give enough, they can still build and pay less elsewhere, maybe why Bachman said we need to get rid of the min wage here, so corps can pay $2 an hour.

Stange, most in the teaparty are fundy christians that want to impose their beliefs on others through government. They want God in government, but forget it was God that said take care of the sick, the poor, the elderly, they must follow a different God than the one in the bible, another reason to keep church and state totally seperate.

Fine, let the poor, the sick and elderly die, just don't claim christian values when you do it, course if they could kill all the fags, then it would be worth it to them.

http://img842.imageshack.us/img842/3526/40249842.jpg
Short before the Big Bang...

http://img717.imageshack.us/img717/5268/23087191.jpg
"Is that your budget deficit?" - "No, I think it's yours."


Both from "Der Tagesspiegel"

I've always wondered what they were thinking when they cut down the last tree on Easter Island. Sadly I was listening to a program telling how Europes fishing stocks were so depleted that the only way their children might be able too see a fish would be in a text book. I say let us default, cut all the damn trees down, fish all the fish out of the sea and be done with it. Too the Victors go the spoils.