White House and Congress Reach Tenative Debt Raise Deal

Less than 20? Have you lost your goddamn mind?



They aren't involved, but IMO they caved on revenue increases because they knew these tax cuts will be expiring relatively soon.


We taking bets on whether Moodys, et al have a sack? They wanted a $4T deal. If they are worth a fuck, downgrade should be coming asap.
 
Stupid John Karry was talking to a reporter the other day about the nuraber of times the debt ceiling had been increased from Clinton through Bush and how each time the congress appropriately dealt with the debt issue, or some such nonsense. Hey, Johnny boy, if you and Congress had done their job properly the damn debt ceiling would not need raising in the first place. Having to constantly raise the debt ceiling is proof of your failure.

Go back to that ugly wife of yours and GTFO of office.

This crap will continue.
 
Do you have any particular reason for believing as you do, other than redneck math? You know, detailed future budget projections or anything? Something we could all peruse as a tribute to your knowledge. So that we can be suitably impressed, of course.
 
Bipartisan debt ceiling bill would cut deficits by at least $2.1 trillion over 10 years, Congressional Budget Office says.



Are you fucking shittin me?
 
I wonder if that $2.1 trillion over 10 years "savings" takes into account the $2.4 trillion that we will incur during the first TWO years of spending being ADDED to the national debt or not?
 
i dont expect to see any growth.

aside from the asset inflation of housing and fiscal stimulus of war, the economy has basically sucked since 2002.

and the fundamentals really haven't changed since then. we still dont produce anything in this country, and the wealth is unevenly concentrated that its hard for the economy to keep going without someone off on the side pushing the merry go round...

thats not how an economy should behave.


yet we all see the problem there, the skills mismatch of 20 million workers out of work, yet the country does nothing to either find something for them to do, or retrain them into useful workers....


I don't see where the growth is going to come from.
 
That would be the part where when this future commission can't agree on terms to keep the ship going the right direction, Obama can unilaterally raise the debt ceiling, so they don't have to agree... then it's more of the same.

This should help ensure economy isn't a factor in Obama not getting re-elected. All he'll have to do is watch this committee pretend to battle to stalemate, then come in and save the day on the 11th hour. All the while harkening back to how there was "almost disaster" on Aug 2st 2011.

It's a masterpiece conspiracy, really.
 
Pushing for including the reduction in costs from Afghanistan and Iraq, are not real cuts.
Cuts where you factor in reduced prices due to inflation, are not real cuts.

I mean direct $xxxx cuts in funding to programs and departments that are currently scheduled to be spent.
 
So if all goes well, we can knock down the $14.4 trillion dollar deficit down by $2.1 trillion by 2021. Oh boy! That means that if EVERYTHING goes well, we might actually get rid of the deficit by the year .... 2080!




(And we all know that given the governments LONG HISTORY of actually not spending more than they take in, and the fact that this deal STILL doesn't have what 49 of 50 states have, a balanced budget amendment, we will actually achieve that goal by then.)
 
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