Debt Ceiling Predictions?

anyone who thinks today's problems are the result of the last two years policies.....or the last 10 years policies, or the last two decades policies, has their head stuck firmly in the sand. You don't dig a hole this deep in a couple years....the stage was set decades ago and each and every president and congress has followed the same course....yes, even your precious Reagan. We were living high.....and the world economy supported our efforts to spend and borrow like there was no tomorrow. Well tomorrow is here....and we all share in the blame.

I am sick and tired of one side pointing the finger at the other.....for as long as I can remember politicians have been running on a balanced budget as part of their platform, yet not one of them has ever delivered. Saying now that this is Obama's or the Democrat's fault, because they didn't balance anything either, is so incredibly naive I wonder if any school in this nation teaches math and history.

What no one seems to comprehend is that we have two parties, and an equal enough division in this country of liberals and conservatives, that without cooperation and compromise we will NEVER solve our economic problems.......you may think your party will win it all, and sometimes they do win big as the pendulum swings back and forth, but it always corrects itself, and the other party always makes gains again, and nothing ever gets done because the party has become more important than the country.

archer wrote: I am sick and tired of one side pointing the finger at the other.....for as long as I can remember politicians have been running on a balanced budget as part of their platform, yet not one of them has ever delivered. Saying now that this is Obama's or the Democrat's fault, because they didn't balance anything either, is so incredibly naive I wonder if any school in this nation teaches math and history.

So how many other Presidents have asked to raise the Debt ceiling by TRILLIONS every year? You are trying to compare TRILLIONS with hundreds of Billions and call them equal? And I love how you are now stepping back and taking thsi back to blame ALL administrations for what has happened the last few years. No one is buying it other than the 4 or 5 of you on here who are totally blinded to reality!

The Viking wrote:

archer wrote: I am sick and tired of one side pointing the finger at the other.....for as long as I can remember politicians have been running on a balanced budget as part of their platform, yet not one of them has ever delivered. Saying now that this is Obama's or the Democrat's fault, because they didn't balance anything either, is so incredibly naive I wonder if any school in this nation teaches math and history.

So how many other Presidents have asked to raise the Debt ceiling by TRILLIONS every year? You are trying to compare TRILLIONS with hundreds of Billions and call them equal? And I love how you are now stepping back and taking thsi back to blame ALL administrations for what has happened the last few years. No one is buying it other than the 4 or 5 of you on here who are totally blinded to reality!

Nice try viking, but the reality is that we have all......left and right, contributed to this situation and the enormous debt. What you are trying to do is blame the loss of a football game entirely on the poor place kicker who missed the winning field goal, pretending that the rest of the team didn't have any part in the previous 59 minutes of the game.

Viking, I am sorry, really sorry, that you do not appear to understand what is happening in this country.

Yes, we all understand that the deficit is burgeoning out of control at this point. Your mistake, your FATAL mistake, is in worrying more about assigning the blame to that to this party or that than it is to facing reality.

If "your" party gets its way we will very likely default on this debt. And they will triumphantly feel they "won" over "the other guys". Guys like you will be clapping each other on the back at how you've "taken away the credit card" from those "tax and spend liberals".

But you seem to have no concept, no IOTA of an INKLING, of what this game is going to cost. If the United States defaults on the debt, our credit rating as a nation is going to plummet. Have you ever heard of what happens to people who have a ton of credit card debt who suddenly have their credit rating lowered? All of a sudden, the $200 a month payment they were barely making becomes $500 a month or $750 a month. Multiply that by their seven credit cards, and suddenly the "minimum payments" on that debt are more than they earn.

That is a very simplified version of what will happen if "your guys" stomp around in all their testosterone laden righteousness and unleash economic hell on the rest of us in the process.

If we default on the debt, even for a couple of DAYS, the cost to American taxpayers is going to be, at MINIMUM in the billions, and very likely in the trillions. The cascade effect from federal to state to county to city governments all having their credit ratings slashed and their debt repayment burden increased exponentially would be ruinous beyond imagination.

The situation is ruinous no matter how you look at it, to be honest. But standing around pointing fingers at each other makes no more sense than would insisting on continuing a fistfight in a burning house.

People must, simply MUST start thinking outside the partisan box, if we are to have even a glimmer of a hope of coming through this disaster.

But if what I see here is any indication of people's ability to do that, the odds of that happening in time to save this country from utter disaster are, frankly, slim to none.

archer wrote:

The Viking wrote:

archer wrote: I am sick and tired of one side pointing the finger at the other.....for as long as I can remember politicians have been running on a balanced budget as part of their platform, yet not one of them has ever delivered. Saying now that this is Obama's or the Democrat's fault, because they didn't balance anything either, is so incredibly naive I wonder if any school in this nation teaches math and history.

So how many other Presidents have asked to raise the Debt ceiling by TRILLIONS every year? You are trying to compare TRILLIONS with hundreds of Billions and call them equal? And I love how you are now stepping back and taking thsi back to blame ALL administrations for what has happened the last few years. No one is buying it other than the 4 or 5 of you on here who are totally blinded to reality!

Nice try viking, but the reality is that we have all......left and right, contributed to this situation and the enormous debt. What you are trying to do is blame the loss of a football game entirely on the poor place kicker who missed the winning field goal, pretending that the rest of the team didn't have any part in the previous 59 minutes of the game.

Love Liberals rational. All 43 presidents combined up through Bush for over 230 years created $10 trillion in debt. Obama already is close to $4 trillion in 2 1/2 years and you consider it the same. Love Liberal economics!

AspenValley wrote: Viking, I am sorry, really sorry, that you do not appear to understand what is happening in this country.

Yes, we all understand that the deficit is burgeoning out of control at this point. Your mistake, your FATAL mistake, is in worrying more about assigning the blame to that to this party or that than it is to facing reality.

If "your" party gets its way we will very likely default on this debt. And they will triumphantly feel they "won" over "the other guys". Guys like you will be clapping each other on the back at how you've "taken away the credit card" from those "tax and spend liberals".

But you seem to have no concept, no IOTA of an INKLING, of what this game is going to cost. If the United States defaults on the debt, our credit rating as a nation is going to plummet. Have you ever heard of what happens to people who have a ton of credit card debt who suddenly have their credit rating lowered? All of a sudden, the $200 a month payment they were barely making becomes $500 a month or $750 a month. Multiply that by their seven credit cards, and suddenly the "minimum payments" on that debt are more than they earn.

That is a very simplified version of what will happen if "your guys" stomp around in all their testosterone laden righteousness and unleash economic hell on the rest of us in the process.

If we default on the debt, even for a couple of DAYS, the cost to American taxpayers is going to be, at MINIMUM in the billions, and very likely in the trillions. The cascade effect from federal to state to county to city governments all having their credit ratings slashed and their debt repayment burden increased exponentially would be ruinous beyond imagination.

The situation is ruinous no matter how you look at it, to be honest. But standing around pointing fingers at each other makes no more sense than would insisting on continuing a fistfight in a burning house.

People must, simply MUST start thinking outside the partisan box, if we are to have even a glimmer of a hope of coming through this disaster.

But if what I see here is any indication of people's ability to do that, the odds of that happening in time to save this country from utter disaster are, frankly, slim to none.

Then don't default on the debt! It is ALL up to Obama now. So if it happens it is on him! Rumor has it that they are going to send through a bill from the House that works. All that is missing is Obama's precious $3 billion dollars over 10 years that he wants to raise taxes for purely political reasons. Lets see if the Dems in the Senate shoot it down or if Obama veto's it. What part of STOP SPENDING AND NO MORE DEBT CEILING AND CUT, CUT, CUT don't you people understand? You believe like your co-leader Biden says, in order to get out of debt we have to spend more! :bash :bash :bash

The Viking wrote: Love Liberals rational. All 43 presidents combined up through Bush for over 230 years created $10 trillion in debt. Obama already is close to $4 trillion in 2 1/2 years and you consider it the same. Love Liberal economics!

Yeah....probably as much as I love conservative logic....oh wait.....they have none. Those who live by the idea that their side can do no wrong will eventually find out that they have been supporting a ghost. There is no blameless side in this viking. Though, if I had to assign the most blame it would be to Reagan and Bush II......they did enough damage with their reckless economics (trickle down?.....not bloody likely, unfunded wars and ill-timed tax cuts? those were that catalysts for the trouble we are in). But keep on keepin on viking, by the time you and others like you wake up and see what is happening to this country it will probably be too late.

archer wrote:

The Viking wrote: Love Liberals rational. All 43 presidents combined up through Bush for over 230 years created $10 trillion in debt. Obama already is close to $4 trillion in 2 1/2 years and you consider it the same. Love Liberal economics!

Yeah....probably as much as I love conservative logic....oh wait.....they have none. Those who live by the idea that their side can do no wrong will eventually find out that they have been supporting a ghost. There is no blameless side in this viking. Though, if I had to assign the most blame it would be to Reagan and Bush II......they did enough damage with their reckless economics (trickle down?.....not bloody likely, unfunded wars and ill-timed tax cuts? those were that catalysts for the trouble we are in). But keep on keepin on viking, by the time you and others like you wake up and see what is happening to this country it will probably be too late.

Look at my chart and read what most economist say. Bush's tax cuts made Clinton's recession one of the shallowest in history and created 52 months of job growth, the longest in history. And Bush WAS to blame the last year he was in office by signing the Democrats stupid spending bills which started this but Obama intensified it 10 fold at least!

The Viking wrote:

AspenValley wrote: Viking, I am sorry, really sorry, that you do not appear to understand what is happening in this country.

Yes, we all understand that the deficit is burgeoning out of control at this point. Your mistake, your FATAL mistake, is in worrying more about assigning the blame to that to this party or that than it is to facing reality.

If "your" party gets its way we will very likely default on this debt. And they will triumphantly feel they "won" over "the other guys". Guys like you will be clapping each other on the back at how you've "taken away the credit card" from those "tax and spend liberals".

But you seem to have no concept, no IOTA of an INKLING, of what this game is going to cost. If the United States defaults on the debt, our credit rating as a nation is going to plummet. Have you ever heard of what happens to people who have a ton of credit card debt who suddenly have their credit rating lowered? All of a sudden, the $200 a month payment they were barely making becomes $500 a month or $750 a month. Multiply that by their seven credit cards, and suddenly the "minimum payments" on that debt are more than they earn.

That is a very simplified version of what will happen if "your guys" stomp around in all their testosterone laden righteousness and unleash economic hell on the rest of us in the process.

If we default on the debt, even for a couple of DAYS, the cost to American taxpayers is going to be, at MINIMUM in the billions, and very likely in the trillions. The cascade effect from federal to state to county to city governments all having their credit ratings slashed and their debt repayment burden increased exponentially would be ruinous beyond imagination.

The situation is ruinous no matter how you look at it, to be honest. But standing around pointing fingers at each other makes no more sense than would insisting on continuing a fistfight in a burning house.

People must, simply MUST start thinking outside the partisan box, if we are to have even a glimmer of a hope of coming through this disaster.

But if what I see here is any indication of people's ability to do that, the odds of that happening in time to save this country from utter disaster are, frankly, slim to none.

Then don't default on the debt! It is ALL up to Obama now. So if it happens it is on him! Rumor has it that they are going to send through a bill from the House that works. All that is missing is Obama's precious $3 billion dollars over 10 years that he wants to raise taxes for purely political reasons. Lets see if the Dems in the Senate shoot it down or if Obama veto's it. What part of STOP SPENDING AND NO MORE DEBT CEILING AND CUT, CUT, CUT don't you people understand? You believe like your co-leader Biden says, in order to get out of debt we have to spend more! :bash :bash :bash

Again, sorry you don't have any inkling of what is happening in this country.

It's either find a way to PAY the debt or default.

You can't even pay the INTEREST on the debt without tax revenue.

If we totally stopped spending ANYTHING we're stil up to our eyeballs in debt, don't you understand that? The only reason we haven't collapsed utterly is that we're skating by with zero percent interest due to our ability to print money at will.

Said ability which would evaporate OVERNIGHT if our credit rating collapses.

But at least when the sh*t hits the fan you can take "comfort" in your insane belief that if is "all on Obama now!" and will be "his fault" when the economy collapses completely and you're scrambling around in a dumpster for food.

God help us! We're screwed if even 20% of voters are as ignorantly invested in hurling political stinkbombs as you are. And I'm thinking the number is much higher....