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(Huffington Post)   I don't want to alarm any of you, but it turns out that this whole debt limit thing...it could seriously fark our economy up if it doesn't get raised. I sure hope we have someone on this   ( huffingtonpost.com) divider line
    More: Scary, Douglas Elmendorf, Michael McAuliffe, economic cost, Sen. John McCain, Mark Zandi  
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909 clicks; posted to Politics » on 19 Sep 2013 at 8:32 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-19 08:11:34 AM  
We passed the point of no return decades ago. It's not about if we have the Greatest Depression, it's about when, and the longer they postpone it with "stimulus," debt and accounting gimmicks, the worse it's going to be.
 
2013-09-19 08:13:14 AM  
I'm sure congress will get right on this.
 
2013-09-19 08:35:11 AM  
Seriously fark our economy up?  I mean, who cares?  As long as we can blame it on the other guy and score political points... let's not lose sight of what's important here.
 
2013-09-19 08:36:07 AM  
Boner could put a bill to a vote in the House that does nothing but increase the debt limit enough for the government for the next 3 years tomorrow and it would pass.  The only reason it isn't being put to a vote is because Boner.
 
2013-09-19 08:36:17 AM  
Response from the Right:

funnycatwallpapers.com
 
2013-09-19 08:36:23 AM  
The teaderpers don't care.
 
2013-09-19 08:38:11 AM  
Ho Hum. How many times has the gubmint done this in the past several decades? 5? 6? 10?
 
2013-09-19 08:38:19 AM  

Tyrone Slothrop: The teaderpers don't care.


Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?
 
2013-09-19 08:41:09 AM  

Muta: Tyrone Slothrop: The teaderpers don't care.

Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?


A very very vocal minority protected by right wing media.
 
2013-09-19 08:41:47 AM  
Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.
 
2013-09-19 08:43:50 AM  

Aristocles: Here's an idea... How 'bout we don't spend as much?


The House hasn't passed a budget yet either.
 
2013-09-19 08:44:45 AM  

Muta: Tyrone Slothrop: The teaderpers don't care.

Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?


they would flip on him and he either get driven out or never be able to get them to vote with him anything ever again
 
2013-09-19 08:46:04 AM  

Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.


Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.
 
2013-09-19 08:46:33 AM  

Aristocles: Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.


here's an idea, why don't you understand how budgets and the debt ceiling actually works before you open your mouth on economics
 
2013-09-19 08:47:27 AM  

Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.


And when they do, they're invariably deficit budgets. That's the place to start.
 
2013-09-19 08:47:32 AM  

Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.


When are the republicans in the House going to pass a budget?
 
2013-09-19 08:48:04 AM  

Aristocles: Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.


You misspelled BOB.
 
2013-09-19 08:49:44 AM  

NickelP: Muta: Tyrone Slothrop: The teaderpers don't care.

Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?

they would flip on him and he either get driven out or never be able to get them to vote with him anything ever again


Isn't it the mark of a great leader do the right thing in the face of adversity?
 
2013-09-19 08:50:04 AM  

Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.


What if the House Reps introduce a bill to cut military spending, by 10%, 20% etc... you know, the biggest overall expense the US has. Do you think Obama would veto that?
 
2013-09-19 08:50:46 AM  

Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.


Let's see, GOP knob polishing, twisting of facts, boamink Obama. Yep, it sounds like a teatard.
 
2013-09-19 08:51:12 AM  

Aristocles: Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.


Finally someone who gets it.  How about we stop buying lobsters and t-bones for every homeless person in the country.  I'm sure we'd save enough to balance the budget and give the REAL MEN in our armed forces the raise that they deserve, instead of the 1 percent BS that 0bama ordered.

It makes me sick.
 
2013-09-19 08:52:02 AM  

Savage Belief: Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.

Let's see, GOP knob polishing, twisting of facts, boamink Obama. Yep, it sounds like a teatard.


blaming Obama.

I have no idea what a boamink is.
 
2013-09-19 08:52:06 AM  
Savage Belief: boamink Obama

PETA would like a word.
 
2013-09-19 08:54:13 AM  
I honestly have no idea what is going to happen and I don't think anyone else does either, which is the scary part. How something this bad can be self inflicted in a democracy is amazing.
 
2013-09-19 08:55:52 AM  

Muta: Boner could put a bill to a vote in the House that does nothing but increase the debt limit enough for the government for the next 3 years tomorrow and it would pass.  The only reason it isn't being put to a vote is because Boner.


But bringing a vote to the floor without the majority of the majority is SOCIALISM!!
 
2013-09-19 08:56:37 AM  

Ned Snark: Aristocles: Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.

Finally someone who gets it.  How about we stop buying lobsters and t-bones for every homeless person in the country.  I'm sure we'd save enough to balance the budget and give the REAL MEN in our armed forces the raise that they deserve, instead of the 1 percent BS that 0bama ordered.

It makes me sick.


There is a good use for these irritating trolls - feeding you straight lines!
 
2013-09-19 08:57:32 AM  

Aristocles: Savage Belief: boamink Obama

PETA would like a word.


It's the next SyFy epic movie.

--Deep in the Allegheny mountains. A secret government genetic research facility is experimenting to make Quakers more at ease with handling snakes...
 
2013-09-19 09:01:21 AM  
House Speaker John Boehner (R-Ohio) argued earlier on Wednesday that the debt limit is often used as a negotiating lever for politicians, and Rep. Sean Duffy (R-Wis.) made the same point during the hearing, asking why Democrats shouldn't be more willing to talk over Republican demands.

I can not believe these farkers are peddling this outrageous lie.
 
2013-09-19 09:07:08 AM  

Muta: NickelP: Muta: Tyrone Slothrop: The teaderpers don't care.

Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?

they would flip on him and he either get driven out or never be able to get them to vote with him anything ever again

Isn't it the mark of a great leader do the right thing in the face of adversity?


Yes.  Let us know when we have some great leaders.....
 
2013-09-19 09:09:41 AM  

Savage Belief: Aristocles: Savage Belief: boamink Obama

PETA would like a word.

It's the next SyFy epic movie.

--Deep in the Allegheny mountains. A secret government genetic research facility is experimenting to make Quakers more at ease with handling snakes...


Man, now I wish I photoshop at work.
 
2013-09-19 09:10:51 AM  
Wait, let me get this straight.  Obama said that increasing the debt limit was a sign of failed presidential leadership and we should live within our means.  Oh, that was SENATOR Obama when BUSH was president.  When Obama is president, increasing the debt limit is successful presidential leadership and a fiscal necessity.

While no one's watching, we'll substitute your president with John Kerry and see if anyone notices.
 
2013-09-19 09:13:17 AM  

hugram: Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.

What if the House Reps introduce a bill to cut military spending, by 10%, 20% etc... you know, the biggest overall expense the US has. Do you think Obama would veto that?


I work for the Army and, believe it or not, the Army is cleaning house. General Officers, COLs, LTCs, E8s, and soon E7s are facing boards and their contracts are not being renewed.
 
2013-09-19 09:15:18 AM  

NickelP: Muta: NickelP: Muta: Tyrone Slothrop: The teaderpers don't care.

Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?

they would flip on him and he either get driven out or never be able to get them to vote with him anything ever again

Isn't it the mark of a great leader do the right thing in the face of adversity?

Yes.  Let us know when we have some great leaders.....


In a majority-rule body, it's also necessary to gather sufficient support to pass your agenda.  Bohner's job is complicated by the existence of a strong party faction born from opposition to the current president's policies, and the fact that the entire House is deeply suspicious of the administration because the administration hasn't kept it's word on previous budget agreements.  Also, because the administration has blamed the Republicans for sequestration, which was an administration initiative.
 
2013-09-19 09:17:16 AM  

theknuckler_33: House Speaker John Boehner (R-Ohio) argued earlier on Wednesday that the debt limit is often used as a negotiating lever for politicians, and Rep. Sean Duffy (R-Wis.) made the same point during the hearing, asking why Democrats shouldn't be more willing to talk over Republican demands.

I can not believe these farkers are peddling this outrageous lie.


Why not? I mean, they lie about everything else, and historical revisionism is second nature.
 
2013-09-19 09:20:08 AM  

qorkfiend: theknuckler_33: House Speaker John Boehner (R-Ohio) argued earlier on Wednesday that the debt limit is often used as a negotiating lever for politicians, and Rep. Sean Duffy (R-Wis.) made the same point during the hearing, asking why Democrats shouldn't be more willing to talk over Republican demands.

I can not believe these farkers are peddling this outrageous lie.

Why not? I mean, they lie about everything else, and historical revisionism is second nature.


I guess partly because it almost seems like they actually believe it themselves and because they are using it to justify economic terrorism rather than your run-of-the-mill political hackery.
 
2013-09-19 09:20:41 AM  

Aristocles: hugram: Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.

What if the House Reps introduce a bill to cut military spending, by 10%, 20% etc... you know, the biggest overall expense the US has. Do you think Obama would veto that?

I work for the Army and, believe it or not, the Army is cleaning house. General Officers, COLs, LTCs, E8s, and soon E7s are facing boards and their contracts are not being renewed.


I found a picture of you in uniform.

2.bp.blogspot.com
In your heart, you know you're funny.
 
2013-09-19 09:28:40 AM  

Aristocles: hugram: Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.

What if the House Reps introduce a bill to cut military spending, by 10%, 20% etc... you know, the biggest overall expense the US has. Do you think Obama would veto that?

I work for the Army and, believe it or not, the Army is cleaning house. General Officers, COLs, LTCs, E8s, and soon E7s are facing boards and their contracts are not being renewed.


If it is true that the army is actually cutting their spending, it is not due to a cutting spending bill the House Reps passed. If it is due to a bill they passed, can you provide the bill number?

Anyway, my question to you was if House Reps introduce a bill that cuts military spending, would Obama veto it?
 
2013-09-19 09:47:28 AM  

hugram: Aristocles: hugram: Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.

What if the House Reps introduce a bill to cut military spending, by 10%, 20% etc... you know, the biggest overall expense the US has. Do you think Obama would veto that?

I work for the Army and, believe it or not, the Army is cleaning house. General Officers, COLs, LTCs, E8s, and soon E7s are facing boards and their contracts are not being renewed.

If it is true that the army is actually cutting their spending, it is not due to a cutting spending bill the House Reps passed. If it is due to a bill they passed, can you provide the bill number?

Anyway, my question to you was if House Reps introduce a bill that cuts military spending, would Obama veto it?


I'm pretty sure the Army and other branches of U.S. Armed Forces are taking the initiative. Also, GS civilians are being offered severance packages for early retirement.

Since these actions are being taken without (as far as I know) a mandate from Congress, why would the bill be necessary? The GOP isn't going to waste time on a superfluous bill, they know that we're watching and we want to see them working for real change.
 
2013-09-19 09:49:02 AM  

hugram: Anyway, my question to you was if House Reps introduce a bill that cuts military spending, would Obama veto it?


Probably depends what sort of cuts they made and what poison pills they slip inside. He'd probably veto a 10% across the board cut accompanied by abortion restrictions, expanded gun rights, defunding Obamacare, and funds for the Ronald Reagan Memorial Celebratory Plaque for the Defunding Of Obamacare. He might sign something that eliminated certain weapons programs or reduced manning levels over x years via attrition, without any nonsense attached.
 
2013-09-19 10:08:57 AM  

Galloping Galoshes: NickelP: Muta: NickelP: Muta: Tyrone Slothrop: The teaderpers don't care.

Teabaggers are the minority in the House.  Why can't Boner just allow the House to vote on a bill that increases the debt ceiling?

they would flip on him and he either get driven out or never be able to get them to vote with him anything ever again

Isn't it the mark of a great leader do the right thing in the face of adversity?

Yes.  Let us know when we have some great leaders.....

In a majority-rule body, it's also necessary to gather sufficient support to pass your agenda.  Bohner's job is complicated by the existence of a strong party faction born from opposition to the current president's policies, and the fact that the entire House is deeply suspicious of the administration because the administration hasn't kept it's word on previous budget agreements.  Also, because the administration has blamed the Republicans for sequestration, which was an administration initiative.


And Boehner's ilk change their terms on budget "negotiations" every time they tried to agree on them.  Sequestration was supposed to kick the ball down the field, its the fault of Congress that they didn't catch it and were completely unreasonable on negotiations to stop it.  They know defunding the ACA is a losing card but they hold it hostage anyway.
 
2013-09-19 10:10:50 AM  
if the debt limit is not raised, the US treasury would have to cut spending by at least 40% immediately in order to avoid a default on debt.

$1.5 trillion in austerity in a single year, or roughly 10% of GDP. that figure would have to keep rising, as tax revenue would surely drop like a rock.

http://www.theatlantic.com/business/archive/2013/01/heres-what-happe ne d-the-last-time-the-us-defaulted-on-its-debt/267205/
 
2013-09-19 10:13:13 AM  
Aristocles:

Since these actions are being taken without (as far as I know) a mandate from Congress, why would the bill be necessary? The GOP isn't going to waste time on a superfluous bill, they know that we're watching and we want to see them working for real change.

farm5.staticflickr.com
 
2013-09-19 10:27:12 AM  
This is the guy heading the committee, so I'm sure we'll be fine.

static.giantbomb.com
 
2013-09-19 10:30:57 AM  

Aristocles: Muta: Aristocles: Here's an idea... How 'bout we don't spend as much?

The House hasn't passed a budget yet either.

Yet, they House has been working day and night to cut spending, but Obama has said publicly that he'll veto any spending cut that comes across his desk.

Thanks, Obama.


Jesus Christ buddy, you're like a caricature of a right wing moron from Freep. Tone down the stupidity, please.
 
2013-09-19 10:34:44 AM  

trotsky: Jesus Christ buddy, you're like a caricature of a right wing moron from Freep. Tone down the stupidity, please.


Actually I think this guy just copies and pastes from right-wing blogs. Really good trolls write their own sh*t, and it's funny.
 
2013-09-19 10:36:46 AM  

Wooly Bully: trotsky: Jesus Christ buddy, you're like a caricature of a right wing moron from Freep. Tone down the stupidity, please.

Actually I think this guy just copies and pastes from right-wing blogs. Really good trolls write their own sh*t, and it's funny.


I have him highlighted in troll yellow for precisely that reason.
 
2013-09-19 10:41:44 AM  

Aristocles: Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.


The debt limit addresses money that we've already spent, genius.  They're debating whether to pay their VISA card bill.
 
2013-09-19 10:42:38 AM  
I love how Obama is being blamed for the sequester because he brought it up.

"OK, you can delay passing a budget for three months, but if in three months you don't pass a budget, I'm gonna shoot you in the foot."

"Wha...?! Yeah sure, OK."

Three months pass... "Why did you shoot me in the foot, asshole?!"
 
2013-09-19 10:46:04 AM  

Aristocles: Here's an idea... How 'bout we don't spend as much?

I know, I know, Obama and the Farklibs don't know how this works, but it's quite simple really. There'd be no need raise the limit if we weren't spending beyond our means.


Okay, there is around 400 billion we could cut right now. It's called the military. Of course that would mean layoffs of hundreds of thousands of people in 48 states, but hey we don't really need a big military we have nukes.
 
2013-09-19 10:50:30 AM  
The debt limit thing is a bluff. I can't believe no one recognizes this.

Who loses if America defaults and all our money becomes worthless? I'm guessing it's people who have the most of it. Maybe it's just me.
 
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