The Goat Pen

puterbac wrote:ACA = Designed to Fail.

bluetick wrote:Five Reasons Not to Hold Obamacare Hostage in The Government Shutdown - Forbes

http://www.forbes.com/sites/carolynmccl ... -shutdown/

yes...Forbes

From Sen. Obama’s Floor Speech, March 20, 2006:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

At the time, Senator Obama was urging Congress not to tolerate an increase that would bring the debt ceiling to $9 trillion. Under President Obama, the debt ceiling has been raised to $14.3 trillion. Even without counting most unfunded liabilities, the national debt is now calculated to be nearing $14.1 trillion. It increases about $4.22 billion per day (each citizen’s share stands at roughly $45K). Thus, Democrats will soon demand that the debt ceiling be raised, lest the sky fall. When they do, they will be asking for a significant boost in a ceiling that is already 60 percent higher than the one Barack Obama said was “a sign of leadership failure” five years ago.

Dr. Strangelove wrote:The Tea Party is full of stupid fuckers

“We feel like we have whacked this mole so many times,” said Mark Patterson, a senior fellow at the Center for American Progress who until recently served as chief of staff at Treasury. “One way to think of it is if you are a home owner and you keep paying your mortgage but you stop paying all your other bills. The next time you try to buy a house you won’t be able to. Your credit will be wrecked and your borrowing costs will skyrocket.”

Wall Street has been hammering this view as well, with CEOs meeting with Republican members of Congress to argue that there is no difference between defaulting on an actual bond payment and defaulting on other payments the government must make. Markets will view it the same way.


http://www.politico.com/story/2013/10/d ... ml?hp=t1_3

Dr. Strangelove wrote:So are 10ac and toe basically saying that the stance Obama took in 2006 is correct and they are proud to stand with Obama?

Dr. Strangelove wrote:The Tea Party is full of stupid fuckers

“We feel like we have whacked this mole so many times,” said Mark Patterson, a senior fellow at the Center for American Progress who until recently served as chief of staff at Treasury. “One way to think of it is if you are a home owner and you keep paying your mortgage but you stop paying all your other bills. The next time you try to buy a house you won’t be able to. Your credit will be wrecked and your borrowing costs will skyrocket.”

Wall Street has been hammering this view as well, with CEOs meeting with Republican members of Congress to argue that there is no difference between defaulting on an actual bond payment and defaulting on other payments the government must make. Markets will view it the same way.


http://www.politico.com/story/2013/10/d ... ml?hp=t1_3

sardis wrote:

Dr. Strangelove wrote:The Tea Party is full of stupid fuckers

“We feel like we have whacked this mole so many times,” said Mark Patterson, a senior fellow at the Center for American Progress who until recently served as chief of staff at Treasury. “One way to think of it is if you are a home owner and you keep paying your mortgage but you stop paying all your other bills. The next time you try to buy a house you won’t be able to. Your credit will be wrecked and your borrowing costs will skyrocket.”

Wall Street has been hammering this view as well, with CEOs meeting with Republican members of Congress to argue that there is no difference between defaulting on an actual bond payment and defaulting on other payments the government must make. Markets will view it the same way.


http://www.politico.com/story/2013/10/d ... ml?hp=t1_3

Anything written by the Center for American Progress is as reliable as reading Briebart on the conservative side. They are unabashedly liberal.

And if you honestly believe that no one will ever loan to the United States again because we go past this debt ceiling deadline, you need to reaccess who you think are the stupid fuckers. What an idiotic analogy with the mortgage. Wall Street doesn't like the drama because it spooks markets and they lose money. I am sure they will ask for another bailout over this and Warren fuckin' Buffett will swoop in and have his friend Oprama set him up with another sweetheart deal as long as the shyster of Omaha keeps peddling the Oprama tax the rich line.

10ac wrote:

Dr. Strangelove wrote:So are 10ac and toe basically saying that the stance Obama took in 2006 is correct and they are proud to stand with Obama?

That was his stance when you voted for him. Are you saying he was full of shit or just a liar?