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Debt-pacolypse 2.0: Electric douchealo
nexuscrawler
Registered User regular
Registered User regular
http://www.bloomberg.com/news/2012-05-15/boehner-demands-spending-cuts-for-any-debt-limit-increase.html
Here we go again. Am I the only one missing the irony here that they're threatening this again while simultaneously trying to wrangle their way out of the automatic cuts tied to the last debt ceiling fight? Will Obama cave again and accept this nonsensical narrative?
House Speaker John Boehner revived Republicans’ insistence that any increase in the nation’s debt limit be matched by at least as much in spending cuts, positioning his party for a renewed standoff with Democrats over the federal budget.
“Allowing the debt ceiling to go up without addressing our fiscal challenge would be the most irresponsible thing that I could do,” Boehner said in a speech yesterday before a conference in Washington sponsored by the Peter G. Peterson Foundation.
Here we go again. Am I the only one missing the irony here that they're threatening this again while simultaneously trying to wrangle their way out of the automatic cuts tied to the last debt ceiling fight? Will Obama cave again and accept this nonsensical narrative?
nexuscrawler on
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Round these assholes up and put them in trains headed somewhere far away.
We got fucking DOWNGRADED* the last time they played this game, and they want to do it again?
Let's play Mario Kart or something...
Eventually, you're going to have to tell them to get fucked. Just do it now nd get it over with.
Oh well.
A clean debt ceiling rise needs to be done, and I don't think we'll see Obama play softball anymore.
If he wants to stop letting the GOP get the benefit of the doubt about the economy he'll hammer this issue over and over.
We were downgraded because of the Tea Party, not because of our debt. This is a fact. Our debt is at negative interest, it is not a problem.
I know. We were downgraded because of the game that they played. The shit that they pulled.
Shit they are pulling again.
Let's play Mario Kart or something...
Tea Party 2: Die Harder
I hate so much about the things they choose to be.
True.
Ehhh...no one is really paying all that much attention to our sovereign rating. Everyone knows the debt ceiling is going to be raised.
That is what the republicans want. If they can get us downgraded, then it will start damaging the US economy and damage Obama at the polls.
The bond market will probably respond. Not so much to any rating downgrade as to the actual crazy though
http://tpmdc.talkingpointsmemo.com/2012/05/john-boehner-tim-geithner-debt-limit.php
That's what I thought, the president had to give the teapers the super committee and sequestration to get the bill past the election so that specifically THIS wouldn't happen.
Partly why partisan ship is bad. They're not doing it because they want or don't want certain things. They're doing it to damage reputation of their opponent so they have a better chance to win.
The United States should stop negotiating with terrorists.
the "no true scotch man" fallacy.
But dude, free market! all we need to do is put our healthcare plans into the market!
Really? Do we really know of anything the Tea Party absolutely will not do in the name of trying to damage Obama?
LMAO, The Go-bots of rating agencies. That is fucking hilarious.
I don't know how non-hyperbolic a PA discussion will remain all the times, but I'd like to have this conversation in good faith with someone besides my laptop while I'm watching CSPAN.
There was also "no real prospect" of housing values ever going down, according to conventional wisdom before 2008.
Building a federal budget on the assumption that we'll always be able to get cheap money on the international market is a dangerous idea, imho. Healthcare costs are rising 10% a year, and Obamacare didn't really address the main factors creating that rise: more people are getting old and using healthcare, and our current fee-for-service model is proving incapable of regulating its own costs. Healthcare spending is one of the largest drains on the federal budget, as shown in the graph below:
Eventually, we're gonna have to deal with this (in a non-compromised wash of a bill).
It is literally systemic racism.
Would any of you be offended by that, or object to that? Does it seem too race-cardey? It is my read on the situation, though.
"If you don't stop helping all these black people, we will destroy the world economy."
If we raised taxes back to where they need to be and once the economy picked up started dealing with the overblown "structural" problems with out government, we'd have no problem.
Also, Defense Cut needs to mean "stop developing F-22s and UFOs", not "cut the service members and veterans benefits."
What a lot of people forget about Keynesian economics is that it calls for spending cuts during times of economic booms. This both helps combat any issues with an overheating economy (unsustainably low unemployment) and the surplus is used to pay down debt. With treasury yields as low as they are now, I am more than comfortable waiting until we are firmly in our next boom cycle to begin that discussion.
It's systemic racism, but it isn't actual racism. I don't see any evidence that most of the Republicans hate black people, they just want to keep their money to themselves.
As long as we can make the distinction, I'm fine with using the term. But be prepared for someone to whirlwind in here and start ranting about teh 'cisms
This.
Which is why a large amount of the recent focus on our "looming debt crisis", especially from those folks who are advocating radical austerity programs aimed at the poor as a way to solve this so-called crisis, is far less about actually dealing with the federal debt responsibly and more about ginning up a panic to roll back the Great Society and New Deal even further.
Right, fiscal policy (I don't remember what Keynes said about monetary policy) should countervail the direction of the market. So government spending should be up during times of recession (to combat the lack of private firm spending and investment) and down during boom periods (to prevent an economy from overheating).
Eh, I suspect the same thing that happened to the housing market will happen with health care, the bubble will eventually have to burst.
What bothers me more is that medicaid dwarfs even defense spending. I'm all for chasing after the debt, but I'm not going to take anyone serious about it until they address the huge elephants in the room like medicaid and defense spending. But no, we can't go after that, we've got bigger fish to fry first, like chasing after GOP pet annoyances like Planned Parenthood and NPR.
It's against humans.