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(CBS News)   Paul Ryan: "There is no debt crisis" Congrats on losing the conservative vote in 2016, schmuck   (cbsnews.com) divider line 165
    More: Followup, debt crisis, Amy Klobuchar, Erskine Bowles, Boehner, global currency  
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3876 clicks; posted to Politics » on 17 Mar 2013 at 5:52 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-17 03:16:39 PM
Good luck with that.

"If'n he's fer it, I'm ag'in it!" isn't a "vision document." It's rejection of reality at this point...
 
2013-03-17 03:22:19 PM
They're just cranking up the spin machine to allow them to justify letting the deficits get bigger. Just like they always do.
 
2013-03-17 03:27:18 PM

edmo: They're just cranking up the spin machine to allow them to justify letting the deficits get bigger. Just like they always do.


this
close the thread - we are DONE

WAIT A SECOND!!!
how do we have ANY deficit??
doesnt the house pass a balanced budget every year???
no?! really? they keep passing budgets with deficits?
I am SOOOOOOOOOOOOOOOOOOOOOO confused.
 
2013-03-17 03:30:16 PM
So... Leon's not getting larger?
 
2013-03-17 03:30:33 PM
"We are the healthiest-looking horse in the glue factory" is actually a  great phrase.
 
2013-03-17 03:33:29 PM

edmo: They're just cranking up the spin machine to allow them to justify letting the deficits get bigger. Just like they always do.


Except they are getting smaller...
 
2013-03-17 03:38:44 PM
i1214.photobucket.com
 
2013-03-17 03:41:32 PM
That's going to piss off the right when they say we're already in one.  And I suppose, we are in one.  A completely manufactured one, and manufactured primarily by Paul Ryan, but that's still a crisis.
 
2013-03-17 03:53:37 PM
My fear is that any of this Paul Ryan bill gets any traction.

There is NO sound economical thought behind it.
 
2013-03-17 03:56:11 PM
The cost of the Iraq war was  $3.2 to 4 trillion.
Did we sell war bonds to pay for this like in WW2? Did we ask Americans to sacrifice, to do without nylon or steel?

No, we gave the richest Americans a Tax Cut.

So when Ryan says stuff like:

"So we do not have a debt crisis right now, but, we see it coming. We know it's irrefutably happening"

It was caused by him. He knows it's real because he helped make it happen.
 
2013-03-17 04:00:47 PM

Because People in power are Stupid: The cost of the Iraq war was  $3.2 to 4 trillion.
Did we sell war bonds to pay for this like in WW2? Did we ask Americans to sacrifice, to do without nylon or steel?

No, we gave the richest Americans a Tax Cut.

So when Ryan says stuff like:

"So we do not have a debt crisis right now, but, we see it coming. We know it's irrefutably happening"

It was caused by him. He knows it's real because he helped make it happen.


Pretty much this. The Republicans are 100% responsible for the sh*t they now think is a crisis. None of it WAS a crisis until Obama was elected, after 8-10 years of running up the debt. Eff those guys and eff them forever. Eff you if you vote for one.
 
2013-03-17 04:21:59 PM

Darth_Lukecash: There is NO sound economical thought behind it.


But I've been assured that all we need to do is close loopholes, and then money will start flowing down the Potomac and make all the revenue losses from tax cuts disappear.
 
2013-03-17 04:31:59 PM
Now what.
 
2013-03-17 05:54:41 PM
But, Ryan added, a crisis is "irrefutably" on its way.

Yes, because you are so reliable about what is and is not refutable.
 
2013-03-17 05:57:07 PM
We don't have a debt crisis yet?
That must be why it's OK for his 'solution' to that problem to be balanced with revenues sourced with rosy unicorn farts and spending cuts supplied by reneging on every promise and deal made with seniors for the last fifty or sixty years.
 
2013-03-17 05:59:08 PM

DamnYankees: But, Ryan added, a crisis is "irrefutably" on its way.

Yes, because you are so reliable about what is and is not refutable.


Every two years, we see some new 'crisis' from republicans that proves that America is on it's last legs, and if they don't get elected, we'll dissolve into a thousand year darkness.  According to them, this country is so exceptional it can have one foot in the grave for decades and just keep on tickin'.
 
2013-03-17 06:00:45 PM

Karac: DamnYankees: But, Ryan added, a crisis is "irrefutably" on its way.

Yes, because you are so reliable about what is and is not refutable.

Every two years, we see some new 'crisis' from republicans that proves that America is on it's last legs, and if they don't get elected, we'll dissolve into a thousand year darkness.  According to them, this country is so exceptional it can have one foot in the grave for decades and just keep on tickin'.


The people who have been pushing for austerity and cutting the debt were saying - in 2009 - that if we didn't act immediately our interest rates would explode within 2 years. Bowles Simpsons said this. They said explicitely - 2 years.

There's no reason on Earth to take these people seriously.
 
2013-03-17 06:07:07 PM
Paul Ryan: "It's not as if we woke up the day after the election and said let's change our principles turn them in and throw in with government run healthcare"

More's the pity.

"Not a retread"? A "responsible balanced budget"?  A "Vision document"?

Repealing Obamacare, cutting taxes, cutting spending in the middle of a weak recovery?

[ohwaityou'reserious]

No debt crisis... yet?

When Ryan says that it sounds like a threat.
 
2013-03-17 06:11:54 PM
Debt, what debt?
This is just a clever ruse to elect another Bush. JEBBY!
 
2013-03-17 06:14:36 PM
You sure that's not Paul Krugman?

*clicks link*

Huh.
 
2013-03-17 06:29:14 PM
Homer: If Homer Simpson wants his ten year old son to work in a burlesque house, then Homer Simpson's ten year old son is going to work in a burlesque house. That...

(Marge appears)

Homer: Ha-ha...hi! Now Marge, you're going to hear a lot of crazy talk about Bart working in a burlesque house.
 
2013-03-17 06:33:13 PM

namatad: they keep passing budgets with deficits?


I wish more people understood this. I heard Glenn Beck say on his radio show one night "No more of this 'spending more than the budget' business!" We're not spending more than the budget. We have deficit budgets year after year after year...
 
2013-03-17 06:51:27 PM
Correct me if I'm wrong, but the 'bankrupt future' perspective is based on extrapolating the costs for Medicare and Medicaid and Social Security into the future at the current rate of expanding medical costs, with the current rate of expanding GDP, pointing thirty years in the future to the point where Insurance companies are saying a bandaid costs a hundred dollars, and then saying, 'SEE? THEY'RE GOING TO GO BANKRUPT!'
 
2013-03-17 06:51:59 PM

TalenLee: Correct me if I'm wrong, but the 'bankrupt future' perspective is based on extrapolating the costs for Medicare and Medicaid and Social Security into the future at the current rate of expanding medical costs, with the current rate of expanding GDP, pointing thirty years in the future to the point where Insurance companies are saying a bandaid costs a hundred dollars, and then saying, 'SEE? THEY'RE GOING TO GO BANKRUPT!'


Basically, yes.
 
2013-03-17 06:53:00 PM

edmo: They're just cranking up the spin machine to allow them to justify letting the deficits get bigger. Just like they always do.


They must have forgotten to tell him he's not Vice-President, so he doesn't need to trot out "deficits don't matter" just yet.
 
2013-03-17 06:58:55 PM
I don't see a budget happening.  The House and Senate budgets are too disparate.  We'll get another continuing resolution and kick the can down the road.

I can't figure out what is behind the recent "there is no budget crisis" messaging with the Republicans.  TheTea Party nutters must be going crazy when they hear it.
 
2013-03-17 07:00:48 PM
Well, I'm glad we had a congressional biatch fight over addressing our debt crisis, that took two farking years and got our country's credit downgraded.
 
2013-03-17 07:03:33 PM

Soup4Bonnie: I don't see a budget happening.  The House and Senate budgets are too disparate.  We'll get another continuing resolution and kick the can down the road.

I can't figure out what is behind the recent "there is no budget crisis" messaging with the Republicans.  TheTea Party nutters must be going crazy when they hear it.


Could it be that this is a ham-fisted and clumsy attempt to actually moderate the DERP, as some in the party have been suggesting?

You're laughing because the answer is "no", aren't you?

/If they were to try to steer away from DERP, I don't see any smooth way to do it.
 
2013-03-17 07:05:39 PM
If we DO have an eventual debt crisis, let's remember the billions of additional interest we're now paying on that debt due to the GOP bricking our AAA credit rating.
 
2013-03-17 07:10:38 PM

Darth_Lukecash: My fear is that any of this Paul Ryan bill gets any traction.

There is NO sound economical thought behind it.


there has been little or no risk of this. the senate refuses to even vote on his insanity.
of course, the house refuses to vote on the insanity from the senate, so I guess they are even there.

cracks me up when the house biatches about the senate not voting on the house bill, while at the same time not voting on a senate bill.
of course, the GOP senate also filibusters any bill which is rational at this point.
bit scary
 
2013-03-17 07:16:47 PM
Every small business is a deficit investment, no?

You pay into something that will lose in the short term to build something that will pay much larger dividends over time.

Hence, austerity when borrowings cots are near zero is foolish because we can actually rebuild our crumbling country at a discount and enjoy larger gains in the future.

It's too bad Paul Ryan never worked in the private sector or maybe he would understand this.
 
2013-03-17 07:19:32 PM
would love the oportunity to stab him
 
2013-03-17 07:24:05 PM
Step 1: Create a massive amount of "strategic debt" to try and scare people into defunding things you don't like that most people like.
Step 2: Blame the other guys for the "strategic debt".
Step 3: Freak out about the "strategic debt"
Step 4: Fail to defund the things you don't like that most people like.
Step 5: Pretend the "strategic debt" doesn't exist and hasn't caused a financial crisis.
Step 6: Continue to lose elections until your party is no more than an uncomfortable memory of how NOT to do things.
 
2013-03-17 07:27:51 PM
He has very strong oral communication skills. That's it.

Every time one of his fellow conservatives open their mouth, stupid comes out. Simply owing to the fact that he can string words together in a coherent manner, he's their standard bearer.

His math doesn't add up, and he's easily stumped when asked specific questions... He's an empty suit. Lots of money to made in that racket, apparently.

He hands out a copy of Atlas Shrugged to every intern. Then, when the media starts asking about it... "No way! What? I don't even know who she is!"

Sad, pathetic little man with no morals.
 
2013-03-17 07:43:50 PM

Darth_Lukecash: My fear is that any of this Paul Ryan bill gets any traction.

There is NO sound economical thought behind it.


What disturbs me, as many have noted, is that Ryan is touted as the "numbers guy." His supporters consider him the Nate Silver of budgets. Well, I suppose it's easy to fool your constituents when no one bothers to do the simple math in their heads before deciding for or against it.

The only thing I despise more than Paul Ryan is Illinois Nazis. Seriously, fark that guy.
 
2013-03-17 07:49:39 PM

dickfreckle: Darth_Lukecash: My fear is that any of this Paul Ryan bill gets any traction.

There is NO sound economical thought behind it.

What disturbs me, as many have noted, is that Ryan is touted as the "numbers guy." His supporters consider him the Nate Silver of budgets. Well, I suppose it's easy to fool your constituents when no one can do the simple math in their heads before deciding for or against it.

The only thing I despise more than Paul Ryan is Illinois Nazis. Seriously, fark that guy.


FTFY
 
2013-03-17 07:50:45 PM
I would recommend a tax on legitimate rape. Logically, if you don't like something (like women getting raped), you tax it to reduce it. It would have to be a flat tax, because that's more fair and we can't have moochers in the system. I would also recommend that if the girl can provide a receipt proving she is now armed because of the rape, that she can deduct the cost of the new weapon from the tax, dollar for dollar.

There, I just balanced the budget AND appeased all three windowlicking parts of the Republican party. Let's have the House vote on it.
 
2013-03-17 08:00:40 PM

DamnYankees: But, Ryan added, a crisis is "irrefutably" on its way.

Yes, because you are so reliable about what is and is not refutable.


i176.photobucket.com
 
2013-03-17 08:03:48 PM
Anyone who claims we can continue to go deeper into debt with no consequences has obviously not been paying attention to history or current world events.  Multiple countries in Europe believed they could spend forever and are now discovering how untrue that is.  Greece, Spain, Italy, Cyprus, etc.  They're all farked.

At the moment Germany is paying to keep the EU from completely falling apart, but they're starting to get annoyed at having to pay for everyone else's mistakes.  Trust me, you don't want to annoy the Germans.  That never ends well.

We're heading down the same road as the EU.
 
m00
2013-03-17 08:05:08 PM

Soup4Bonnie: I can't figure out what is behind the recent "there is no budget crisis" messaging with the Republicans. TheTea Party nutters must be going crazy when they hear it.


Your disdain is noted. But the Republican leadership really doesn't like the tea party, because the tea party has actual principles (agree or disagree with them) and they can't be convinced by the media to change their deeply held beliefs whenever it suits the party.
 
2013-03-17 08:10:06 PM
fta Klobuchar conceded there are potential sticking points, including Ryan's proposed $4.5 trillion in tax cuts

$4.5 Trillion in tax cuts and no way to pay for them? Paul Ryan has a way to solve that whole "no debt crisis" thing.
 
2013-03-17 08:11:15 PM

OgreMagi: Anyone who claims we can continue to go deeper into debt with no consequences has obviously not been paying attention to history or current world events.  Multiple countries in Europe believed they could spend forever and are now discovering how untrue that is.  Greece, Spain, Italy, Cyprus, etc.  They're all farked.

At the moment Germany is paying to keep the EU from completely falling apart, but they're starting to get annoyed at having to pay for everyone else's mistakes.  Trust me, you don't want to annoy the Germans.  That never ends well.

We're heading down the same road as the EU.


It's very rare for someone to display such a confidence misunderstand of monetary economics. I'm EXTREMELY impressed.
 
2013-03-17 08:14:04 PM

Notabunny: fta Klobuchar conceded there are potential sticking points, including Ryan's proposed $4.5 trillion in tax cuts

$4.5 Trillion in tax cuts and no way to pay for them? Paul Ryan has a way to solve that whole "no debt crisis" thing.


Tax cuts pay for themselves, duh.
 
2013-03-17 08:17:32 PM

Fuggin Bizzy: Notabunny: fta Klobuchar conceded there are potential sticking points, including Ryan's proposed $4.5 trillion in tax cuts

$4.5 Trillion in tax cuts and no way to pay for them? Paul Ryan has a way to solve that whole "no debt crisis" thing.

Tax cuts pay for themselves, duh.


If Paul Ryan would pass $148 Quadzillian in tax cuts, we'd eliminate all our debt and be the most prosperous country in the history of forever!
 
2013-03-17 08:18:01 PM

OgreMagi: Anyone who claims we can continue to go deeper into debt with no consequences has obviously not been paying attention to history or current world events.  Multiple countries in Europe believed they could spend forever and are now discovering how untrue that is.  Greece, Spain, Italy, Cyprus, etc.  They're all farked.

At the moment Germany is paying to keep the EU from completely falling apart, but they're starting to get annoyed at having to pay for everyone else's mistakes.  Trust me, you don't want to annoy the Germans.  That never ends well.

We're heading down the same road as the EU.


Do any of those countries possess the Reserve Currency? No.
Do any of those countries have the economic might of the US? No.
Do any of thos...

Jesus. Stop regurgitating sh*t you hear on talk radio. It's just sad.
 
2013-03-17 08:20:01 PM

NewportBarGuy: Do any of those countries possess the Reserve Currency? No.
Do any of those countries have the economic might of the US? No.
Do any of thos...

Jesus. Stop regurgitating sh*t you hear on talk radio. It's just sad.


It's not even an issue of reserve currency. It's an issue of having your OWN currency. If you have your own currency, you're basically completely find. If you don't, you're farked. It's really simple.

graphics8.nytimes.com
 
2013-03-17 08:21:43 PM

Notabunny: Fuggin Bizzy: Notabunny: fta Klobuchar conceded there are potential sticking points, including Ryan's proposed $4.5 trillion in tax cuts

$4.5 Trillion in tax cuts and no way to pay for them? Paul Ryan has a way to solve that whole "no debt crisis" thing.

Tax cuts pay for themselves, duh.

If Paul Ryan would pass $148 Quadzillian in tax cuts, we'd eliminate all our debt and be the most prosperous country in the history of forever!


Well he can't because of the Democrats. Also, our attractive and successful commander in chief. Those farkers.
 
2013-03-17 08:24:51 PM

SploogeTime: Obama said virtually the same thing a week ago. Yet, no comment. Typical.



Typical of what or who?
 
2013-03-17 08:27:00 PM

DamnYankees: It's not even an issue of reserve currency. It's an issue of having your OWN currency. If you have your own currency, you're basically completely find. If you don't, you're farked. It's really simple.


Well, to a certain extent, sure. I just don't think people get how unique our position is. All of out debt is owed in our own currency. It affords us a metric f*ckton of leeway over all others. When I hear these people say we'll wind up like Greece, I want to jump out the window.
 
2013-03-17 08:28:16 PM
"Fixing" the "Debt Crises" is easy, just increase all tax rates in all tax brackets by 50%. That will just about generate enough revenue to cover the current budget, then you cut government services until a "surplus" is achieved and the debt is paid.

The sad truth is this whole "Debt Crises" is nothing more then the Republicans trying to avoid paying the bills they ran up by raising taxes.
 
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