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How come nobody is talking about this???? :huh:
Maybe I should rename this thread "Robbing Peter to pay Paul"???? :thumbsup:

http://news.yahoo.com/s/ap/20110516/ap_on_re_us/us_debt_limit

The United States reached its $14.3 trillion limit on federal borrowing Monday, leaving Congress 11 weeks to raise the threshold or risk a financial panic or another recession.

Treasury Secretary Timothy Geithner formally notified Congress that the government would halt its investments in two federal pension plans so it won't exceed the borrowing limit.

Geithner said the government could get by with bookkeeping maneuvers like that through Aug. 2. After that, the government could default on its debt for the first time, threatening the national credit rating and the dollar.
 

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Because it's bullshit. We have the means and the funds to meet our obligations without raising the limit for the 71'st time.

FU... NO !
 

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How come nobody is talking about this???? :huh:
Maybe I should rename this thread "Robbing Peter to pay Paul"???? :thumbsup:

http://news.yahoo.com/s/ap/20110516/ap_on_re_us/us_debt_limit

The United States reached its $14.3 trillion limit on federal borrowing Monday, leaving Congress 11 weeks to raise the threshold or risk a financial panic or another recession.

Treasury Secretary Timothy Geithner formally notified Congress that the government would halt its investments in two federal pension plans so it won't exceed the borrowing limit.

Geithner said the government could get by with bookkeeping maneuvers like that through Aug. 2. After that, the government could default on its debt for the first time, threatening the national credit rating and the dollar.
:laughing: And it's all the republican's fault. :laughing:
I wonder how long it will take for the 'spenders' to realize we have a spending problem, NOT a debt problem...nope, won't happen.

Interesting that all he had to do was halt the investment in 2 govt pension plans...yup, government entitlements are not the problem...:laughing:
 

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wait till october when we get some tallys on costs for our disaster aid.

And GOP law makers are finally seeing that neither options will work. Cutting jobs, departments, stimulus, will trash the recovery, raising the limit will crush us a few years later.

Expect raised taxes for the middle class and wealthy, coming soon.


http://news.yahoo.com/s/ap/20110516...jY29yZGlvbl9idXNpbmVzcwRzbGsDZGVidGNvbmNlcm5z


"Commodities have been falling broadly over the last two weeks because of concerns that the global economy is showing signs of weakening. "
 

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They steal from the middle first and foremost, they will raid the pensions soon, then start crushing us with cuts to necessities, then bring heavy taxation..

But, as far as the debt ceiling goes, VFP is right..
 

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The sad thig is that those who work hard and pay taxes are the ones paying for the ****ing lazy ass idiots who watch TV all day and do nothing but complain when they're cut off their gravy train. All the while Obama was in Memphis giving hope to those very same ****ing lazy ass idiots who voted for him. Wake up America cause we're on the brink of collapsing from social programs and corrupt politians.
 

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But, as far as the debt ceiling goes, VFP is right..
Of course he's right.
even the tea party peep are right.

The problem is......It wont work and cannot be done.

were in a corner.

They will do both.................raise the limit.........and taxes.

There's alot of hard choices to be made and everybody has different ideas of what cuts are ok and what ones are not.
And nobody agrees on what cuts.
Just like cutting welfare or cutting military funding.


Bigger problem is....the math is the bottom line.
Long term math. Not fuzzy math that is obsolete after two years of inflation.
 

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Of course he's right.
even the tea party peep are right.

The problem is......It wont work and cannot be done.

were in a corner.

They will do both.................raise the limit.........and taxes.

There's alot of hard choices to be made and everybody has different ideas of what cuts are ok and what ones are not.
And nobody agrees on what cuts.
Just like cutting welfare or cutting military funding.


Bigger problem is....the math is the bottom line.
Long term math. Not fuzzy math that is obsolete after two years of inflation.
Why won't it work? Cause lazy ass people like you will have to get a job or sleep under a bridge and eat squirrels? What a concept...contributing to society in the form of gainful employment and paying a fair share of taxes.

No more class warfare please.

The above shows how the whole thing is 'out of balance'.

Reasonable people know what the answer is...but there are too many driven by the unreasonable expectation that the government will provide for them. What is happening now is the result of too much free money for too many freeloaders for too long. Either something has to be done to change it, or the system dies and all the political posturing in the world will not stop it. Enjoy the terpitude while you can.

But, I suppose you're right. After all, you're rich, right?
 

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They steal from the middle first and foremost, they will raid the pensions soon, then start crushing us with cuts to necessities, then bring heavy taxation..

But, as far as the debt ceiling goes, VFP is right..
:laughing:

Treasury to tap pensions to help fund government

The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

http://www.washingtonpost.com/busin...rnment/2011/05/15/AF2fqK4G_story.html?hpid=z1
 

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I always heard to fix a problem you have to admit you have a problem the dems dont even think there is a problem.
We have a 14ish trillion national debt today and we have 1.65ish trillion
yearly deficit and over 10 years that adds 16.5ish trillion to the national debt so about 30ish trillion total national debt in ten years and we dont have a problem according to the dems.
 

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:agree::cheers: That's the whole point of raising the debt ceiling, to sweep this problem under the rug for long as we can until there's to much under the rug and you're going to have to face the consequences of your actions, but by then you have no options left and change comes about, but at what cost? The cost is going to be a worthless dollar, and free-loaders in the streets rioting about having no money or support from a fallen, debt ridden government. They have one of two options, 1( cut off the social programs now and make lazy ass ****ers work, or 2( sweep it under the rug, and later have to cut the social programs when the money train dries up. A depression is coming it's now or later, but if it comes now the damage will be less than if it comes later.
 

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All of these numbnuts on capitol hill are complete morons. All of them. "Ok, fellow members of Congress, we're over budget. But, see, i have an idea. Why don't we just pretend like we're not and just vote to raise our credit limit, and then we can keep spending more $ and never be over budget again! We've found the answer!"

Aren't these the same goofballs that vote to give themselves raises every year?
 
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