Ryan's Budget and the debt limit

[d-ray657]

Originally Posted by whell

Default? Doubtful. Will we be forced into a position of having to prioritize our spending? Probably. Will the government crash and entitlement recipients go begging? Doubtful. I'm dubious of the predictions of doom that those who favor raising the debt ceiling seem to be peddling.

On what do you base you doubt>


This seems contrary to what is being said by a lot of people who know what they are talking about.

http://www.bloomberg.com/news/2011-0...strophic-.html

http://www.huffingtonpost.com/2011/0..._n_805781.html

Regards,

D-Ray

[noonereal]

Originally Posted by whell

What taxes do you want to raise? The rich? You and Trump are of like minds. Maybe you should get on the Donald's bandwagon.

very simple

I want Bush's tax cuts retroactively repealed (and of course the taxes repaid), btw I was a recipient of these tax breaks before I became ill. I want Bush's wars ended and his prescription give away to big pharma ended.

Then I want every penny that was robbed from SS to be replaced. Make every pol who voted to rob SS responsible. Take their personal cash and or jail them

Do this and we are fine and the pols will stop screwing around for at least a generation.

And I am damned serious.

[whell]

Originally Posted by d-ray657

On what do you base you doubt>


This seems contrary to what is being said by a lot of people who know what they are talking about.

http://www.bloomberg.com/news/2011-0...strophic-.html

http://www.huffingtonpost.com/2011/0..._n_805781.html

Regards,

D-Ray

And I thought only Republicans like to scare people.

This is the same crisis - mongering diatribe that accompanied the "too big to fail" and TARP talk tracks. There is a diversity of opinion on the outcome of failing to raise the debt limit.

http://www.washingtonpost.com/wp-dyn...012103415.html

http://www.forbes.com/2011/01/19/deb...lex-brill.html

http://www.washingtontimes.com/news/...-debt-ceiling/

Given the evidence, particularly the times when the gov't delayed raising the debt ceiling and calamity failed to strike, I think we'll find a way to maintain government operations.

[whell]

Originally Posted by noonereal

very simple

I want Bush's tax cuts retroactively repealed (and of course the taxes repaid), btw I was a recipient of these tax breaks before I became ill. I want Bush's wars ended and his prescription give away to big pharma ended.

Then I want every penny that was robbed from SS to be replaced. Make every pol who voted to rob SS responsible. Take their personal cash and or jail them

Do this and we are fine and the pols will stop screwing around for at least a generation.

And I am damned serious.

An interesting, if not terribly realistic, way forward.

Why is it that we should expect ourselves to do without, but we shouldn't expect the same of our Federal or State governments?

[noonereal]

Originally Posted by whell

An interesting, if not terribly realistic, way forward.

Why is it that we should expect ourselves to do without, but we shouldn't expect the same of our Federal or State governments?

I don't know what you mean. Did I not say repeal the drug benefit and the wars?

BTW the elderly need a drug benefit program but itr needs to be paid for and for them, not for the drug companies.

[merrylander]

Originally Posted by whell

Default? Doubtful. Will we be forced into a position of having to prioritize our spending? Probably. Will the government crash and entitlement recipients go begging? Doubtful. I'm dubious of the predictions of doom that those who favor raising the debt ceiling seem to be peddling.

When Warren Buffet says don't invest in the US and is looking to buy industries in South Korea and India I get concerned. PIMCO sold all its treasury bonds.

[whell]

Originally Posted by noonereal

I don't know what you mean. Did I not say repeal the drug benefit and the wars?

BTW the elderly need a drug benefit program but itr needs to be paid for and for them, not for the drug companies.

Yes. You also talked about tax retro-activity, and hauling elected representatives to jail, and looting them of their personal assets. And you thought Ryan's budget plans were extreme?

You also mentioned ending Bush's War. Its now Obama's war since he's expanded the Afghan mission. He's also doubled - down and is supporting military action against Libya. So, I'm assuming you want out of both those campaigns, regardless of the foreign policy impact, correct?

[whell]

Originally Posted by merrylander

When Warren Buffet says don't invest in the US and is looking to buy industries in South Korea and India I get concerned. PIMCO sold all its treasury bonds.

No doubt both are prudent strategies at this point, whether or not we raise the debt limit.

[noonereal]

Originally Posted by whell

Yes. You also talked about tax retro-activity, and hauling elected representatives to jail, and looting them of their personal assets. And you thought Ryan's budget plans were extreme?

Yes I did because he wants the poor to pay for all this crap AND starve grandma. I simple wants things fixed by those that benefited and were responsible. How can you say what I suggest is not reasonable?
How can you be so concerned about fixing things on the back of the poor rather than those who benefited and caused the problems.
Your approach is immoral and a recipte for social unrest.

You also mentioned ending Bush's War. Its now Obama's war since he's expanded the Afghan mission. He's also doubled - down and is supporting military action against Libya. So, I'm assuming you want out of both those campaigns, regardless of the foreign policy impact, correct?

YES. Obie's war and Bush boy's 2 wars I want out of.

[whell]

Originally Posted by noonereal

Yes I did because he wants the poor to pay for all this crap AND starve grandma. I simple wants things fixed by those that benefited and were responsible. How can you say what I suggest is not reasonable?
How can you be so concerned about fixing things on the back of the poor rather than those who benefited and caused the problems.
Your approach is immoral and a recipte for social unrest.

I suggest its not reasonable because it will only happen when the next ice age reaches hell.

Hmmm...we've got a Prez willing to choke off oil exploration and leave us at the mercy of other countries for our oil supplies. All the while he's pursuing a dubious energy strategy that has caused gas prices to creep upward (that's right, Bush and his Halliburton buddies are no longer in office to blame the run up in oil prices on), essentially funding his pursuit of alternative energy "on the backs of the poor."

Increasing oil prices eventually filter through the economy, and increase the price of finished goods as well as food prices. Looks like the poor are gonna get hit again.

Oh yeah, and the poor are still asked to pony up for Senators and their boondoggles: that latest finding Harry Reid and company on a joy ride paid for by the poor so Reid can go rub elbows with his casino buddies.

http://www.washingtonpost.com/politi...y.html?hpid=z2