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Old 10-02-2013, 06:04 PM  
petegz28 petegz28 is offline
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Obama\Dems won't negotiate on CR or Debt Ceiling

That's the report after the leaders all met this afternoon. The President and the Dems stated not only will they not negotiate on the current CR they will not negotiate on the Debt Ceiling either.
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Old 10-02-2013, 07:43 PM   #31
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Originally Posted by BigRedChief View Post
Did you have this same position under the Regan and Bush eras?
I was too young under Reagan. Suffice it to say I have always been staunch that you don't spend more than you have. Probably because, oh, I don't know, that's how I had to grow up as well as everyone else I know. If we spent more than we had we went into debt. If we went into too much debt we would lose our house or car or what have you.

The Fed Gov needs to come to grips with this concept.
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Old 10-02-2013, 07:43 PM   #32
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Back when you were a secret covert assassin for the CIA Clandestine division? you mean back in that era?
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Old 10-02-2013, 07:44 PM   #33
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Back when you were a secret covert assassin for the CIA Clandestine division? you mean back in that era?
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Old 10-02-2013, 07:44 PM   #34
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The legal authority argument is NOT AT ALL cut and dried. The mechanism argument is a solid one, I'll grant you that.

And yes, I see what you are saying about revenue vs outlay fluctuations being day to day... but seriously that is beyond silly as a point in what we are debating.
How about that US credit was downgraded for the first time ever just due to the Rs taking their threats of default as far as they did? Isn't that enough not to screw around with the US's credit? Pay the ****ing bills--that YOU approved, no less. It's amazing to me that anyone can argue this.
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Old 10-02-2013, 07:46 PM   #35
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Originally Posted by cosmo20002 View Post
How about that US credit was downgraded for the first time ever just due to the Rs taking their threats of default as far as they did? Isn't that enough not to screw around with the US's credit? Pay the ****ing bills--that YOU approved, no less. It's amazing to me that anyone can argue this.
Yeah, all the R's fault. The amount of accumulated debt has nothing to do with it at all.

Just already.
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Old 10-02-2013, 07:47 PM   #36
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Originally Posted by petegz28 View Post
Wrong! That's what we hear every time. Common sense says we raise it, the congress spends more then comes back for more. It like a kid who promises he will buy new jeans with the money his parents gives him, he goes and buys beer then comes back for more and swears he will by jeans this time and around we go.

so save your bullshit "we have to pay or get downgraded". Obama wasn't worried about it in 2006, was he?
Common sense says that future spending is not the same as paying the bills for stuff you already bought. The spending was approved, now pay the bill. In the future, don't approve the spending. Surely you can follow that.
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Old 10-02-2013, 07:48 PM   #37
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Originally Posted by cosmo20002 View Post
Common sense says that future spending is not the same as paying the bills for stuff you already bought. The spending was approved, now pay the bill. In the future, don't approve the spending. Surely you can follow that.
Yeah, that's the excuse you spew every time this comes around. We also heard if we went through with the sequester that planes would start falling out of the sky and the 4 horseman would ride.

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Save your scare tactics for the American Idol crowd your party so depends on
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Old 10-02-2013, 07:49 PM   #38
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Quote:
Originally Posted by cosmo20002 View Post
How about that US credit was downgraded for the first time ever just due to the Rs taking their threats of default as far as they did? Isn't that enough not to screw around with the US's credit? Pay the ****ing bills--that YOU approved, no less. It's amazing to me that anyone can argue this.
So you were dead wrong and now you switch gears. Fine. Ok that is a totally different argument but YES... the THREAT of a DEFAULT can cause a credit downgrade. The only people who have been harping on that and threatening DEFAULT are the Dems... not the GOP. In FACT, if we DEFAULT it will fall on the President and his failure to make hard budgetary choices OR accept House funding.

You understand what a DEFAULT is right? It isn't just when we stop paying for shit YOU want, it's when we fail to make bond payments.
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Old 10-02-2013, 07:50 PM   #39
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Old 10-02-2013, 07:53 PM   #40
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Originally Posted by petegz28 View Post
Yeah, all the R's fault. The amount of accumulated debt has nothing to do with it at all.

Just already.
It was the R's fault. Completely. They blocked raising the ceiling, and that led to a credit downgrade. Look at what the credit agencies said--never before was there a question of the US paying its bills. With the Rs actions, there was now a question.
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Old 10-02-2013, 07:55 PM   #41
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Originally Posted by petegz28 View Post
Yeah, that's the excuse you spew every time this comes around. We also heard if we went through with the sequester that planes would start falling out of the sky and the 4 horseman would ride.

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Save your scare tactics for the American Idol crowd your party so depends on
Yeah, except that no one actually said those things. They did say screwing around with the debt ceiling would hurt the US's credit, and that did happen.
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Old 10-02-2013, 07:56 PM   #42
petegz28 petegz28 is offline
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Originally Posted by cosmo20002 View Post
It was the R's fault. Completely. They blocked raising the ceiling, and that led to a credit downgrade. Look at what the credit agencies said--never before was there a question of the US paying its bills. With the Rs actions, there was now a question.
Yet people kept buying our bonds. You're a financial idiot. Just stop. You don't have a clue of wtf you are talking about. Everything in your eyes is the fault of R's regardless so we get it, you blame the Repubs, we know, you always do for everything.

And the fact that you blindly support a man who voted for the very thing you are slamming the Repubs for coming close to doing is just a phenomenal display of hypocrisy.
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Old 10-02-2013, 07:56 PM   #43
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So you were dead wrong and now you switch gears. Fine. Ok that is a totally different argument but YES... the THREAT of a DEFAULT can cause a credit downgrade. The only people who have been harping on that and threatening DEFAULT are the Dems... not the GOP. In FACT, if we DEFAULT it will fall on the President and his failure to make hard budgetary choices OR accept House funding.

You understand what a DEFAULT is right? It isn't just when we stop paying for shit YOU want, it's when we fail to make bond payments.
Threat of default can cause a credit downgrade, but not an actual default? Did pete hijack your account or something?
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Old 10-02-2013, 07:57 PM   #44
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Yeah, except that no one actually said those things. They did say screwing around with the debt ceiling would hurt the US's credit, and that did happen.
Now we are revising history??? You're a ****ing liar.
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Old 10-02-2013, 08:13 PM   #45
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Originally Posted by cosmo20002 View Post
Threat of default can cause a credit downgrade, but not an actual default? Did pete hijack your account or something?
What? Try again, yes of course an ACTUAL default will cause a downgrade but last time it was the threat of default and if we downgrade again it will likely be BEFORE we get to the point of an actual default. The point is that the people threatening DEFAULT are the Dems, not the GOP. Even without raising the debt ceiling we could scrape by without a true default if the Dems chose to. It's not at all politically viable for either side but I'm simply correcting your wrongheaded lie that it is the HOUSE threatening default.
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