Boehner walks, guarantees rating downgrade for the USA

Transparency, Bro.




Unless involving specific State secrets which could compromise lives, this shit should all be televised.


Then, the worthless Partisan fucks here would see how similar the 2 Parties really are...and could become part of the solution instead of prolonging the problem.


So, it'll never happen. This Admin is every bit as secretive as the ones that preceded it.
 
My point is that the banking lobby has proven itself wrong once. Why should we believe them now, especially with the financial interest they have? They obviously don't get that the bailouts are the reason we're bumping up against the ceiling now - I mean shouldn't the banks acknowledge this and offer the government a bailout or something?


Agree. So excise tax on salaries from companies in the industry. Want to tax the rich? OK- 90% excise tax on all compensation for people in the banking industry making over XYZ/yr. Fixed to their current occupation, in other worRAB if they switch industries, the tax stays there. That's how to play the game. Not bend over backwarRAB to raise the debt "ceiling" when we're hitting it because of mismanagement by the same assholes who say a default will cripple the economy.


That's why an excise tax. It hits all of them. Put it on the salaries of people in the banking/finance industry so it doesn't hurt the business itself. And fix it so you can't dump the tax by switching employers. People who ENTER the banking industry fresh don't pay the tax. It should be focused on executives and upper management of banks that received bailout money, and it should be extremely punitive. Some countries have a 'wealth' tax that is based on assets. I say this is also a good idea - hefty tax on personal wealth.

And you know what - none of these are actually taxes in my book. They're a refund of the bailouts, paid by the people responsible for the mess.


Just an example.
 
We spend 120+ BILLION dollars a month more than we take in. If No one is going to address this then the whole lot of them deserve to be hung on the steps of the Lincoln monument.
 
nowhere in this discussion has it been brought up about creating better jobs, improving the economy as a means to help end the budget woes...
 
Obama wants to raise it $2.4T so this is the last time he will have to raise it before he loses his reelection bid, it has nothing to do with rating agencies
 
There are many reasons to not punt this to 6 months out from the elections.
The main one is indeed the ratings agencies, not sure what is so funny about that.
The second reason is it will only be HARDER to get any compromise so close to an election as both sides will be further dug in.

I don't see any upside to pushing this into next year.
 
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