Kamdar
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Yay!! Obama asks for another 1.2 trillion..
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http://www.washingtonpost.com/blogs/44/post/after-delay-obama-asks-congress-for-debt-limit-hike/2012/01/12/gIQAA3ADuP_blog.html
President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action.
I mean..its only paper right?
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Obama 05 "Congress having to raise the debt ceiling shows the utter failure that is Pres Bush"
Obama '11 " Congress NOT raising the debt ceiling shows the utter failure that is the
R
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Moe_Nox
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And the reason the repubs are to blame in 5...4...3..
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Skinnyrumcakes
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It is now.
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Tipztoe
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IMHO
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I am liking the Republicans stance on this "raising the debt ceiling". I too, am going to stop paying my obligations.
Now THAT'S fiscal responsibilities. 
I think the Republicans have hit a time where they have lost complete site of reality.
The Truth is heavy, therefore few care to carry it.
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Groucho48
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Yay!! Obama asks for another 1.2 trillion..
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IMHO posted:
I am liking the Republicans stance on this "raising the debt ceiling". I too, am going to stop paying my obligations.
Now THAT'S fiscal responsibilities.
I think the Republicans have hit a time where they have lost complete site of reality.
The Truth is heavy, therefore few care to carry it.
Exactly. This isn't new spending. It is to make room for spending already approved by Congress. Republicans shrilly cry all the time that it is uncertainty that is keeping businesses from expanding. Well, what can breed more uncertainty than one political party using the threat of closing down the entire government by making a big issue over a completely pro forma bill?
It's like when they voted for, in the House, a bill that proclaimed no tax decrease would increase the deficit. (And, then, of course, whined that continuing a tax break for the middle class HAD to be paid for somehow, because, you know, we can't increase the deficit.)
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theredkay1
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Next thing you know the dollar will fall and American companies might sell more things overseas and domestically. Totally awful.
Inflation might double which will make it easier for anyone with debt in dollars to pay off their debt. This will leave more money to be invested or to purchase new products. Again, sounds totally awful.
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paulg_68
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Groucho48 posted:
This isn't new spending. It is to make room for spending already approved by Congress.
Maybe Congress should stop approving spending of money they don't have.
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__Bonk__
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Nothing has changed
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Aerlinthian
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__Bonk__ posted:
Nothing has changed.
And nothing will change until people realize how easily they are being herded to a conclusion.
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IMHO
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Yay!! Obama asks for another 1.2 trillion..
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paulg_68 posted:
Groucho48 posted:
This isn't new spending. It is to make room for spending already approved by Congress.
Maybe Congress should stop approving spending of money they don't have.
I totally agree. That's why after I max out these next three credit cards I'm NOT going to pay them. I think I may be a Republican after all. I can totally do their logic 
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__Bonk__
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Its going to take a real crisis to get the attention of both political parties in America. I dont blame Democrats. Republicans are the same
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Taliesihne
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If it's such a frigging crisis, maybe Congress should be working.
Just a thought.
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__Bonk__
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Its a political issue not a real crisis. The Tea Party made it an issue but both parties are just pandering and dont consider it to be a real crisis at all
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Aerlinthian
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The crisis is both very real and very political. It also may be a constructed crisis considering just how predictable it is. We know where we are going, the question is why we are seemingly unable to stop it.
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Bonzoboy1
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I like the republican plan to require spending cuts in exchange for raising the debt ceiling.
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__Bonk__
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Neither party really believes there is a real crisis
This is a fact
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Tych2
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__Bonk__ posted:
Neither party really believes there is a real crisis
This is a fact
Neither party cares either as long as they have power and can blame someone else for the problems.
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Taliesihne
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Aerlinthian posted:
The crisis is both very real and very political. It also may be a constructed crisis considering just how predictable it is. We know where we are going, the question is why we are seemingly unable to stop it.
And Ron Paul is doing what right now?
Campaigning 
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__Bonk__
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To them its just an election year political issue. The Tea Party brought it to the forefront and both parties will pander by doing various things but nothing serious.
It will take a real crisis like the Great Depression to wake them up
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Heladric
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Moe_Nox posted:
And the reason the repubs are to blame in 5...4...3..
They won't raise taxes. Raise taxes and he won't have to ask for as much if he asks at all. Duh.
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Taliesihne
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Every time there is a Democratic president in the office, the debt is all of a sudden a crisis....which disappears the day before a Republican is sworn in.
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__Bonk__
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So true..
Just a political issue.
The Tea Party isnt serious. Its just an attack on Obama and Democrats. Where were they in the Bush years?
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Aerlinthian
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Yay!! Obama asks for another 1.2 trillion..
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Taliesihne posted:
Every time there is a Democratic president in the office, the debt is all of a sudden a crisis....which disappears the day before a Republican is sworn in.
Your memory is faulty, there were conservative pundits who were furious with the Bush administration spending.
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Taliesihne
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Yeah, right before the election when it was pretty apparent the republicans were going to get thrashed. 
When it mattered they were nowhere to be found
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__Bonk__
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The fact is Reagan talked about reducing the size of government and it grew massively under him.
Bush Jr also grew the government massively and spent like a madman and he vetoed zero republican big spending pork bills.
Sad.
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Z-Elder
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Neocons lie. It is what they do best. We got nothing out of Rayguns "win" agaist Russia except even more spending and dangers. Now there is another election and they worry about debt! If we were dumb enough to put a Repugnant in now we would quickly hear IRAN!! We need to modernize the military!!!!!
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