Debt Ceiling

Are you serious? Minting a coin and declaring its value as $1,000,000,000,000. Only a democrat could come up with an idea like that.

 

The debt ceiling is just another byproduct of Congress not doing their job. They take their paycheck and do not do their job, ie govern. Some would call that theft.

 

Untrue.

Democrats want no spending cuts at all (except possibly for defense). Obama has said we don't have a spending problem.

Therein lies the real problem. He is ideologically blind and in total denial.

His sheep just fall in line.

 

It's been done before.

Check out our last liberal dictator, FDR, and the gold standard.

 

The administration has already rejected the trillion dollar coin idea, so that one is a moot point.
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There are two sides to the balanced budget equation; revenue and spending. IMO, both are in dire need of being addressed. Increase revenue and cut wasteful spending. Sadly, Congress is incapable of figuring this basic concept out, nor in implementing any significant change.

 

Just shows the limits of Obama's knowledge and intelligence. And all we here from the leftist media is how smart he is, too smart even for Mensa.

 

I thought we were in another depression.

 

It is just the Senate half of Congress led by clueless Harry Reid!

 

FDR? FDR? is that the one who stole all the gold and locked it up in Fort Knox somewhere close to S/N!

 

The trillion dollar coin idea was an idea floated out there as a lark most recently by NYT columnist Paul Krugman. Republicans seized on the idea and started lambasting the Obama administration as if they had proposed it. They even went so far as to start a petition and emailing supporters to get them to sign it opposing the idea of a trillion dollar coin.

Once again the Republicans were played for fools.

Their most recent example of brinksmanship is opposing releasing additional funds for disaster relief for Hurricane Sandy unless there are corresponding spending cuts elsewhere. What a fine humanitarian gesture that is!

Humiliated at every negotiating turn by Obama they don't have much leverage remaining and so now plan on holding the country's credit rating hostage in order to try to get their spending cuts achieved. Never mind that Republicans voted without a whisper about spending cuts in order to raise the debt ceiling 19 times when George W. Bush was president with a resultant doubling of our national debt.

Get ready for the DJIA to lose 1,000 to 1,200 points when the debt ceiling deadline comes and there is no agreement. Way to go Republicans, that'll show 'em! Set back people's retirement funds 3-4 years, that'll teach 'em!

If you would have simply done your job to begin with we wouldn't be facing this 'crisis'. A crisis of their own making. It's pathetic. And I say this as a person that has consistently voted Republican for decades.

 

Sounds like you are old beyond your years!

 

There is a real depression in our future.

 

That is very likely. It is very possible that this event coincides with when interest rates start to rise and inflation takes off with a vengence.

 

That is the crux of the problem trumping political differences, Congress not doing their job, ie governing our nation. Everyone of them should be in prison for theft. Cashing a paycheck provided by the American taxpayer without working is theft.

 

There's One Thing For Sure....

....we will surpass the current ceiling, for whatever reason, and we will continue to exceed any ceilings set by Congress, because we have a nation gone "Mad!"

Your children and their children, and their childrens children will pay for the sins of our leaders. It is so unfortunate, but just a fact. This country has long ago gone over the fiscal cliff. We are merely treading water, and waiting for the inevitable: The end of this nation as we knew it! :tear::tear:

You can take this to the bank, and don't forget; you heard it here a long time before it happened! Of course, I am not a prophet, because that gift ended a long time before the term fiscal cliff became a "Water cooloer" topic! Let's chalk this word of doom up to an old man's dream!

 

Clueless? No.

Smart as a fox. He's the fox in the hen house.

As of late, how many bills has he blocked to keep them from receiving a vote in the Senate? He, in effect, is holding the purse strings of this nation, and he well knows it.

 

Did anyone else catch Obama's news conference this morning? Did anyone buy his explanation of the debt ceiling?

 

Neither is the President (there is no spending problem) capable of implementing significant change.

Sorry, I did not, but I only quoted this to bring up something else anyway. Gas prices dropped recently. I can't possibly be the only one who noticed this and wondered if the economy was about to go in the tank again, right? Does anybody else remember O'bama saying, before the election, that gas prices were low in 2008 because the economy was about to tank?