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BS: The Republican Default Crises
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Subject: RE: BS: The Republican Default Crises From: Donuel Date: 27 Jul 11 - 11:42 PM HEy I GOT IT Maybe some repubs bought some credit default swaps from AIG, BETTING AGAINST AMERICA!!!!!!!!!!!!!!!!! They will make trillions. |
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Subject: RE: BS: The Republican Default Crises From: Donuel Date: 27 Jul 11 - 11:40 PM gnu suggested that their could be a less than obvious conspiracy to make someone some big money. The Gold market could make 25 cents on the dollar , if you sold in time once it settled down. I noticed that the Senate Hearings on the BOnd and Security Rating Agenices weren't asked much about Credit raters collusion to give junk bundled mortgages and derivitives and credit default swaps AAA ratings. Instead talk turned to thier actually threatening to lower America's rating even if we do pass a debt ceiling. WHo the fuck are they? You can bet with threats like that they hope to have more people currying thier favor with bribes, slush funds, junkets...Whadda bunch of lieing greedy mother fuckers. If Obama saves the world with an emergency action I can already see FOX types hyperventilating as they cry for impeachment and treason and dictator ad infinitum. Go ahead Impeach him. The Senate will throw it out. The right wing court is gonna reverse the decision to throw the world economy in the toilet??? I don't think so. Meanwhile every contractor, every administrator and beaureaucrat does not have the slightest idea who or how anyone is going to be paid. I bet the heart attack rates go up in DC this weekend. |
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Subject: RE: BS: The Republican Default Crises From: Janie Date: 27 Jul 11 - 07:44 PM I am absolutely disgusted with the whole lot, though somewhat less disgusted with Obama than the rest. Wasn't really disgusted with him at all until he spent the 1st half of his address Monday night being a political hack, only switching over to statesmanship in the 2nd half of the address. Not skillful. |
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Subject: RE: BS: The Republican Default Crises From: Sawzaw Date: 27 Jul 11 - 07:20 PM Who or what destroyed Greece's credit? We can learn from examples. "he has proposed $4T deficit reductions" Like closing Guantanamo. Like putting debates on Cspan. Like putting all bills on the internet for 5 days for public scrutiny. Like lowering health care costs. Like keeping unemployment below 9%. He has proposed a lot of things that did not happen. |
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Subject: RE: BS: The Republican Default Crises From: Bobert Date: 27 Jul 11 - 07:16 PM The Republicans have no choice but kiss Tea Party ass and that means, "Kill the fucking government"... Period... End of discussion... B~ |
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Subject: RE: BS: The Republican Default Crises From: Greg F. Date: 27 Jul 11 - 06:26 PM The Republicans in the House of Representatives have passed two bills, and both of them raised the debt limit. Yes, Douggie-Boy, but what ELSE did the bills do in addition? Guess you don't want to keep receiving your Social Security or Medicare. So how in the world could anyone believe the Republicans are to blame for the current mess? Because the majority of Republicans don't have the guts to tell the minority TeaBagger ignorant lunatics driving the bills ptresented to take a freakin' hike and present a reasonable bill? Why won't the Democrats compromise? 1. They have. On several issues. Yopur question is better directed at Boner and the TeaBaggers. 2. Because they are aware that the Reagan-Bush-Bush tax cuts CAUSED the situation we are now in & that revenues need to be restored as part of the package to the levels they were before Voodoo Economics screwed tthings up. Glad to see, Douggie, that you still swallow & regurgitate FOX bullshit as a matter of course. |
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Subject: RE: BS: The Republican Default Crises From: dick greenhaus Date: 27 Jul 11 - 05:33 PM THe Hose Republicans are threatening to renege on paying for the things----the Bush Tax Cuts, Two Wars and the Big Pharm Swindle---that they voted for in the first place. THe debt ceiling has NOTHING to do with future spending or reduction of same. |
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Subject: RE: BS: The Republican Default Crises From: Bobert Date: 27 Jul 11 - 05:28 PM What is Obama's Plan??? Unless you a FOXhead then you know that he has proposed $4T deficit reductions over 10 years with $3T in spending cuts and $1T in increased taxes... I mean, this has been reported in no less that 4000 newspapers accroos the country and one every credible television news station... If anyone out there says they don't know the plan then they are either... ...a pathological LIAR or... ...got their heads so far up FOX unNews butt that you could light a quarter stick 4 feet away and not hear it... B~ |
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Subject: RE: BS: The Republican Default Crises From: olddude Date: 27 Jul 11 - 05:25 PM It will be a world wide shit storm if they default ... Not just for this country. All oil exports to all countries is US dollar based. It is the world standard of currency much like the Spanish piece of eight was. I suspect we will lose a heck of a lot more than just political fights and parties. |
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Subject: RE: BS: The Republican Default Crises From: Jack the Sailor Date: 27 Jul 11 - 05:20 PM PDQ's claim that "wars" alone caused the budget problem is not supported by fact. |
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Subject: RE: BS: The Republican Default Crises From: pdq Date: 27 Jul 11 - 05:14 PM The claim that "wars" caused the budget problem is not supported by fact. After the Sept. 11 atrocities, we engaged the enemy in Afghanistan and later in Iraq. We also beefed up security at foreign military bases and embassys. Total cost of those three items, sometimes called the War on Terrorism, has been slightly under 1.2 trillion, but that is for a period of ten years. Total Federal spending for that 10 year period was about $32 trillion. The War on Terrorism therefore represents about 3.8% of Federal spending from late July 2001 to late July 2011. |
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Subject: RE: BS: The Republican Default Crises From: DougR Date: 27 Jul 11 - 05:04 PM The Republicans in the House of Representatives have passed two bills, and both of them raised the debt limit. The Democrats in the Senate voted on one and shot it down, the other one Harry Reid would not allow to come to a vote. So how in the world could anyone believe the Republicans are to blame for the current mess? Why won't the Democrats compromise? If they would, there would be no crisis. DougR |
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Subject: RE: BS: The Republican Default Crises From: gnu Date: 27 Jul 11 - 02:51 PM Is this a ploy to boost exports and get a little cash going? AND raise interest rates to gouge more coin out of the populace who are in debt or who live on a fixed income? Not that any of that would have any effect on the rich except to put more coin in their pockets. Or are we looking at another Great Delusion like we had before WW2? And where is that money that Bernie made off with? They STILL can't find it? And why is SOMEONE throwing cruise missiles around like Nerf balls if they can't pay for them? Is this all just smoke and assholes? |
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Subject: RE: BS: The Republican Default Crises From: MarkS Date: 27 Jul 11 - 01:10 PM According to a press release just documented on "The Hill", Earl Blumenauer (D) Ore, has stated that nobody on the hill has seen the Reid plan. Must be another of those "vote for it in order to see what is in it" packages. Am I the only one who has started to dispare about the state of our legislative process? |
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Subject: RE: BS: The Republican Default Crises From: Donuel Date: 27 Jul 11 - 11:50 AM Obama has had three plans, first Cantor walked out on, 2 trillion cuts and close loopholes for billionaires. Second 4 trillion cuts and 800 billion revenue that Boehber walked out on. and three the Reed plan that is revenue neutral. |
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Subject: RE: BS: The Republican Default Crises From: Don(Wyziwyg)T Date: 27 Jul 11 - 11:43 AM ""So, Donuel, you support Obama's plan for solving the U.S.'s financial problems? If so, what are his plans? DougR"" Well there it is! Bang on time and proving Greg F right. Dougie actually believes that sitting with your head up your arse is a plan. Seems to me that anything anybody actually does will work better than that Doug. The Repubs should maybe consider the ostrich. Sticking their heads in the sand would be marginally less stupid, and a whole lot less stinky. Don T. |
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Subject: RE: BS: The Republican Default Crises From: MarkS Date: 27 Jul 11 - 09:32 AM I would be more confident if the Dems finally presented a budget which could be discussed. Obama presented a budget in Jaunuary which was rejected by the Senate 97-0, and Harry Reid has not presented a budget in some 2 1/2 years. All we are discussing today are "frameworks," and arbitrary numbers which appear to still kick the can down the road. There is just a limit how far down the road we can go with debt ceiling increases and continuing resolutions. |
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Subject: RE: BS: The Republican Default Crises From: Rumncoke Date: 27 Jul 11 - 05:22 AM My little corner of the globe has been watching the US commit financial suicide since the sub prime mortgage disaster came to light. I can't imagine what it would be like for Americans living with a broken economy and a global financial system which blames the US for the present economic downturn but it seems that there are people who want to find out for themselves no matter what the sensible people advise. To many people the US appears to be acting like someone ordering a mink coat to keep themselves warm rather than mending the broken windows in their house. It would't be so bad but the heating is still full on. We see a system where the power is with those with money and they want to keep it that way, and to Hell with the rest of society and the rest of the world. No wonder the President is going grey at such a rate. He looks like a man who got his dream job on the board only to discover that the safe door is open and the other directors are not answering their phones. |
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Subject: RE: BS: The Republican Default Crises From: Richard Bridge Date: 27 Jul 11 - 03:54 AM What is the current timescale? Am I right that even if a deal can be done it is still too late for it to pass the legislative process in time? If so what is plan B? |
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Subject: RE: BS: The Republican Default Crises From: GUEST Date: 27 Jul 11 - 01:38 AM So, Donuel, you support Obama's plan for solving the U.S.'s financial problems? If so, what are his plans? DougR |
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Subject: RE: BS: The Republican Default Crises From: Jack the Sailor Date: 26 Jul 11 - 11:55 PM I guess it it more like threatening your domestic partner that if they don't cut down on nail polish, you will stop paying the mortgage. |
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Subject: RE: BS: The Republican Default Crises From: dick greenhaus Date: 26 Jul 11 - 10:34 PM Refusing to raise the debs ceiling is like saving money by not paying your bills....not the swiftest approach |
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Subject: RE: BS: The Republican Default Crises From: Bobert Date: 26 Jul 11 - 10:32 PM It's very rare that I disagree with you, Greg, but I think the Repubs, inspite of their unlimited $$$ at election time, won't be able to erase what they have done to our country... People aren't quite that stupid... Or should I say, "I hope that people aren't that stupid"... What I do know is that if the Dems could match the Repubs in $$$ then the Repubs would be swept out of Congress in 2012 but, sadly, the Repubs now, thanks to a Repub packed Supreme Court, will throw everything and the kitchen sink in the 2012 el3ection and will try to Willie Horton the Dems.... If the Repubs win in 2012 then the US will be right about where Germany was in 1936... Yes, history does repeat itself... B~ |
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Subject: RE: BS: The Republican Default Crises From: Greg F. Date: 26 Jul 11 - 10:08 PM (especially US voters) will remember just who it was suggesting solutions, and who it was sitting tight with their heads up their arses. The average A.D.D.-afflicted U.S. voter will have forgotten long before the 2012 election. Just wait & see. |
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Subject: RE: BS: The Republican Default Crises From: dick greenhaus Date: 26 Jul 11 - 08:06 PM Default is unconstitutional. (14th Amendment) |
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Subject: RE: BS: The Republican Default Crises From: Don(Wyziwyg)T Date: 26 Jul 11 - 12:49 PM The point is though, that everybody in the Western World (especially US voters) will remember just who it was suggesting solutions, and who it was sitting tight with their heads up their arses. Those dumb bastards may just ensure Obama's second term, and I'm certain that isn't their intention. God help America if it loses its economic clout to China and India. Payback for the destruction of the Nipponese Co-prosperity Sphere, and won't emerging Asia love that? What price brain transplants for Republican Congressmen and Senators Mr Obama? Then they might qualify as imbeciles. Don T. |
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Subject: RE: BS: The Republican Default Crises From: Donuel Date: 26 Jul 11 - 12:01 PM Taking the American President Barak Obama hostage requires that the entire country and the life of the world economy that use the dollar as a standard are threatened with death, unless we pay the ransom of eliminating Federal Goverment regulatory agencies and its social programs. Political scientists will look at this moment in time when 87 tea party congressmen and women were able to not merely threaten but destroy such a large country with a heroic history. |
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Subject: RE: BS: The Republican Default Crises From: Stringsinger Date: 26 Jul 11 - 11:50 AM Remember that the Tea-o-crats are "hell-bent" on destroying the country and replacing it with their godliness. |
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Subject: RE: BS: The Republican Default Crises From: Donuel Date: 25 Jul 11 - 11:36 PM The problem is no knows how much the US credit rating will drop if a default occurs. No one knows how far a world economy would sink as the world standard dollar sinks. No one knows how high credit card fees and rates will go. Republicans say there will be no default, Tea Party says a default doesn't matter and there will be no compromise, even after Obama agreed to cut SS MEdicare and mediaid. Republicans say Obama had no plan, but he had 3. Republicans say he is liar. Republicans say he is formenting class warfare and scaring old people. It really seems that this is the Limbaugh strategy of creating an American failure that will make Obama a failure. There is one thing I know for sure. If a default happens, even by a small delay, it will be a monumental first. |
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Subject: BS: The Republican Default Crises From: Donuel Date: 25 Jul 11 - 11:17 PM There are about 300 Congressmen who are so impressed that they have actually flustered the usually implacable Obama, that they think they smell blood in the water. Boehner could have cracked some skulls but he is afraid he will be replaced if he doesn't play Cantors game of having an adult conversation and wathen walk out. There are no polls that favor the Republican position in this battle. It seems many the Tea Party is OK with blowing up the economy to harm Obama. What they don;t know is that the repurcussion will last 12 to 20 years. The Republicans are defending the oil loopholes and tax loopholes for the wealthiest 400 men in the country to the point that even the rich are bemoaning the monster thier think tanks invented to advance a Republican Party that was in tattters after the economic crash. The Republican plans go beyond defending loopholes for billionaires, it would cap spending so the USA could not respond to disasters. There would not even be money for low interest loans to victims. We could not extend Unemployment insurance and most important... The cuts would cost jobs without revenue offsets. Econ 101 - More money in the system = more spending and a better economy. Less money in the system = less spending and a worse economy. |
