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This Whole Debt Limit Thing

Who has been the most unreasonable on this whole debt limit thing?

  • Congressional Democrats

    Votes: 11 6.2%

  • Congressional Republicans

    Votes: 139 78.1%

  • Obama

    Votes: 10 5.6%

  • They have all been equally unreasonable.

    Votes: 18 10.1%
  • Total voters
    178
  • Poll closed .
lomiller said:
Funny how you conveniently “forget” to mention that this was based on faulty numbers provided by the Bush administration and that unemployment was *already* over 8% and in fact had almost reached 9% when the Stimulus passed and was over 9% before stimulus money started to flow.

In fact as soon as Stimulus money did begin to flow GDP stopped declining and unemployment stopped increasing. This occurred almost immediacy, even though the recession had been going on for 19 months during which “doing nothing” had failed to have any positive effect.

(BTW, It’s actually quite understandable that the Bush numbers would be off given the nosedive the US economy took after credit markets froze when Leahman’s went under. It’s almost impossible for economic models to keep up with a crisis this bad.)
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Waiting for BAC's clear, concise and honest concession that he was totally wrong.
 
BeAChooser said:
The socialists/communists now infesting all levels of our government, media and society are clearly a "wicked problem".
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I actually would prefer communists over the fascist drongos who are trying to make the ecconomy fail for the benefit of their oligarchist masters.
 
BeAChooser said:
You are claiming that Obama and his administration can't even look into the future THREE WEEKS and know that revenues will exceed spending on the key items that were mentioned above? And yet they could promise that the Stimulus, nearly a trillion dollars in added debt that they forced through Congress over the objections of republicans, would prevent unemployment from exceeding 8%?
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Given the correct data, it would be reasonable to expect him to be able to make some promises.

But he entered office to find that his predecessor had made such a horrible mess of things that it would take a lot of time to sort it all out and find out what the real numbers were.

Unemployment turned out to be worse than the Shrub had allowed anyone to know.

So we are at 9.5% now. And...?

It beats the hell out of the 15% some Republicon fool left to a previous president.
 
Lefty, when if ever do Obama and the Democrats become responsible and accountable to you?
 
Here is the thing that gets to me. Having discussions about what is best for the country and how to accomplish this is the literal job of our Congressmen and Senators, yet the Republicans call doing their job a compromise!?! Then they say they would 'consider' closing some tax loopholes, part of a plan to reduce the deficit remember, but only if that's offset with tax breaks. This is an epic math fail if they believe they can use the same money twice, which it seems is the logic. More importantly, tax loopholes should be closed because they are loopholes, artifacts of poorly written legislation and unintended implementation. Again, this isn't something to be bargained, it's the damn job.

They don't have the dept or deficit in mind at all. Remember, the Dems have already agreed to many massive cuts, although not to old people, which is a weakness for some reason.
 
JudeBrando said:
Are they responsible for this?
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No. They didn't create the recession. They didn't create the tax cuts. They didn't create the combination of factors that made those deficits necessary to prevent the situation from becoming even worse.
 
Molinaro said:
No. They didn't create the recession. They didn't create the tax cuts. They didn't create the combination of factors that made those deficits necessary to prevent the situation from becoming even worse.
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I would also add to that the Bush using majik math made sure that the 2 unnecessary wrs he started were not included in those numbers so until one can post an apples to apples comparison this chart is pretty much meaningless.
 
JudeBrando said:
Are they responsible for this?
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Yes the Republcians are responsible for that. See that first big red line? If your graph was correctly labelled that would be one of the “Bush Years”. The 2009 Budget was proposed by Bush at the beginning of 2008 and was passed before Obama was elected let alone inaugurated.

Second, its blue lines are also misleading because they don’t account for all the off budget spending that occurred under Bush. The US deficit was increasing by $1 trillion a year even when Bush’s budgets were showing a deficit of half that.

Finally, the event that caused most of the current economic and budget problems was the near collapse of the US financial system at the end of 2008. This was the result of years of mismanagement followed by the ideologically driven blunder of allowing Lehman brothers to go under.
 
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I get the notion there are very few skeptical thinkers when it comes to politics. I am not cliaming I am exempt from that malady.
 
Tea party to GOP: We could make 'examples' of you over debt ceiling

http://www.cnn.com/2011/POLITICS/07/15/tea.party.warning/index.html?eref=mrss_igoogle_cnn

<SNIP>

What they're saying around the country is, "Do not raise the debt ceiling. It's that simple. It's time for Congress to get its fiscal house in order," Tea Party Patriots co-founder Jenny Beth Martin told CNN. The group is the nation's largest tea party organization.

<SNIP>

For those who vote to raise the debt limit, "The American people are going to watch what they did, watch what happens to the economy and next November, I think there will be consequences," Martin said.

<SNIP>
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