Debt Ceiling ... Here it comes!
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I think having the government just shut down fixes a lot of things on its own merit. It's not like they are solving any problems anyway. :geek:CH156378 wrote:I would like if both sides could come together and solve this. Mabey a mixed bag of some revenue increases and some spending cuts.Be Excellent To Each OtherParty On, Dudes!0 -
unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487The entire world economy is one giant ponzi scheme.0 -
Jason P wrote:13 days until the government will have to shut down cause we don't have any more money to borrow.
Clearly you don't understand what "debt ceiling" means. Which is why you're so easy to fool.
Oh well.0 -
US to seize New York skyscraper secretly owned by Iran
The United States is set seize control of a midtown Manhattan skyscraper prosecutors claim is secretly owned by Iran, the justice department said, though the ruling is to be appealed.
The seizure and sale of the 36-story building, in the heart of New York City on Fifth Avenue, would be "the largest-ever terrorism-related forfeiture," the statement added.
A federal judge ruled in favor of the government's suit this week, saying the building's owners had violated Iran sanctions and money laundering laws.
....
http://news.yahoo.com/us-seize-york-skyscraper-secretly-owned-iran-015924951.html
I finally figured out how the US can wipe out our debt! We just need to name China as a terrorist state and presto!!!Be Excellent To Each OtherParty On, Dudes!0 -
A visual of our country's debt ceiling ....Prince Of Dorkness wrote:Jason P wrote:13 days until the government will have to shut down cause we don't have any more money to borrow.
Clearly you don't understand what "debt ceiling" means. Which is why you're so easy to fool.
Oh well.Be Excellent To Each OtherParty On, Dudes!0 -
point to mention ... a miss america thread has recieved twice as much attention as this topic which started last January.
I'm the one being fooled? :?Be Excellent To Each OtherParty On, Dudes!0 -
Jason P wrote:point to mention ... a miss america thread has recieved twice as much attention as this topic which started last January.
I'm the one being fooled? :?
Maybe because some of us are sick and tired of explaining to people who don't WANT to understand the issue what the issue... is?
The "debt ceiling" has nothing to do with borrowing more money.. it's about paying the bills we already have.
If you, for instance, charge your credit card to the limit and then decide you're not going to pay the bill... your interest rate will go up and compound, meaning that if you don't pay your bills, they don't just magically go away, the amount that you owe keeps going up and up and the amount you DO pay goes more and more to interest than it does to the amount you owe.
Understand?
By just saying "no, we're not going to pay our bills and fuck you, Mr. President," you're just fucking yourself and your kids' future over. But the banks are very happy... they make more money on the debt they've already lent you. which is why the supposed "physical conservatives" at the financial institutions are all cheering on the Republicans.
Now... I just dumbed it way down and yes, there are all sorts of other factors and blah blah blah.
If Republicans actually thought we spent too much money, they wouldn't be getting upset by the pennies spent on the arts. They'd be upset at the trillions we pour into useless and ineffective programs in Iraq and the tens of millions of dollars we've wasted on "repealing Obamacare" 42 times and endless Benghazi hearings (when we're already had more than enough to prove that that wasn't a conspiracy, just an unfortunate series of events).0 -
Prince Of Dorkness wrote:Jason P wrote:point to mention ... a miss america thread has recieved twice as much attention as this topic which started last January.
I'm the one being fooled? :?
If Republicans actually thought we spent too much money, they wouldn't be getting upset
right on, they are a bunch of blowhards. They don't want to spend less, they just want to spend it on different things. They had plenty of years at the beginning of this century to show us all how much they want fiscal conservatism, and they showed their true colors instead.that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan0 -
I don't think I have made the comparison of the debt ceiling to borrowing money. :think:
I don't claim to know everything about everything. The one thing I do know is that both Republicans and Democrats are full of shit and have dug themselves into a hole that sooner or later will implode.
And we keep re-electing them.
:fp:Be Excellent To Each OtherParty On, Dudes!0 -
Jason P wrote:I don't think I have made the comparison of the debt ceiling to borrowing money. :think:
I don't claim to know everything about everything. The one thing I do know is that both Republicans and Democrats are full of shit and have dug themselves into a hole that sooner or later will implode.
And we keep re-electing them.
:fp:
And your solution to this is what, exactly?0 -
unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487Actually it has everything to do with borrowing money.
That's the only way the bills get paid, and by bills I mean other loans. Since the credit card example was used I'll do the same thing. We have a credit card with a $5000 limit that is maxed, so we get another credit card to pay off the first and get a little more revenue and now we owe $6000. Well, that $6000 is maxed so we get another credit card with a $7000 limit and max that out to get a few bucks and pay off the $6000 card. It goes on and on.
They also have so many hidden inflations that are really hidden taxes. That's why the middle class is hurting, not because there isn't a $15 min wage to a burger flipper. The Fed prints fiat currency out of thin air and devalues the dollar even more.
Americans used to thrive when the "Dad" worked.
Then the "mom" had to work so they could afford some nice things and vacations.
Then people stopped saving.
Now people are forced to borrow just to live. It creates wage slaves and people complaining that minimum wage isn't enough.
Meanwhile the real solution is to stop the quantitative easing and get something to actually back the dollar. Fiat currency has failed every time over the history of the world, and it will fail again because it isn't backed by gold or silver, it's backed by debt and spending and out of control inflation.
This isn't Democrats vs Republicans. This is the banking elite against everyone else. ONLY the banking elite stand to profit from the way the banking system is built. The rest of us suffer; and have our wages destroyed by inflation and out of control printing of the federal reserve note.
I hedge my bets and invest in real money, gold and silver. Fiat currency will die off.0 -
unsung wrote:This isn't Democrats vs Republicans. This is the banking elite against everyone else. ONLY the banking elite stand to profit from the way the banking system is built.
Oh this you are correct.
Banks have made sure that they can legally steal from you, con you, swindle you, cheat you and lie to you.
They will continue to do this.
But that's not really related to the debt ceiling.0 -
A new political partyPrince Of Dorkness wrote:Jason P wrote:I don't think I have made the comparison of the debt ceiling to borrowing money. :think:
I don't claim to know everything about everything. The one thing I do know is that both Republicans and Democrats are full of shit and have dug themselves into a hole that sooner or later will implode.
And we keep re-electing them.
:fp:
And your solution to this is what, exactly?Be Excellent To Each OtherParty On, Dudes!0 -
economic terrorism is what is at play here. Boner siding with a minority in the party AFTER his re-election is bullshit. Lets have ANOTHER vote 41 or 42 times now to repeal the ACA.
If you are so fucking concerned with spending and/or the debt ceiling , how about you lazy fucks actually pass a budget and go to conference to resolve the gaps between the house and senate , instead of posing at your press conferences.
Its beyond tiresome.
One area of cost savings is the paycheck they receive for part time work. How about until you actually do the job you were elected to do, you forego pay. AND pay for your own fucking insurance._____________________________________SIGNATURE________________________________________________
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
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another man ..... moved by sleight of hand...................................... joe louis arena detroit '140 -
And this, for the love of fucking Pete! Forget party affiliation - this goes for all in these roles of public service.mickeyrat wrote:One area of cost savings is the paycheck they receive for part time work. How about until you actually do the job you were elected to do, you forego pay. AND pay for your own fucking insurance.
http://money.msn.com/now/congressman-la ... 000-salary0 -
I hope that if there is a shutdown, ALL government entities are impacted because the PUBLIC needs to see the ignorance that has become the norm for this CONGRESS.
Congress has the public believing that only blacks, Latinos and illegals will be impacted by a shutdown because only welfare payments and food stamps will be impacted. What a bunch of bullshit. What the PUBLIC doesn’t understand is that CONGRESS and its employees only, unlike any other federal offices, would not be fully impacted by a government shutdown. Their paychecks, their benefits, their insurance and yes, even their student loans which, YOU, the TAXPAYER pay, are protected. So Cantor and his little gang members can talk this talk and walk this walk because THEY, nor THEIR families, nor the families of those sponsored interns are at risk – unlike the PUBLIC they were ELECTED TO SERVE.
Let’s talk realistic. In a true government shutdown
No military personnel would be paid – Our forces, because they are designated emergency personnel would still have to report to duty. [They could be killed in the service of their country – during a tea party shutdown of the government.]
Take a survey – your military families are eligible for and receive both food stamps and welfare assistance if a child is being cared for while they are gone. Here’s where grandma and grandpa is truly impacted with their social security and Medicaid and Medicare needs, unlike the scare tactic of death panels.
Let’s talk securing America – All federal (Pentagon, intelligence, State, local, even township law enforcement that receive Federal funding would be impacted by a shutdown.
All public educational institutions and those private institutions that have programs supported through federal funding would cease.
College students could be required to pay out-of-pocket on the portion of their loan that was not covered under the shutdown.
All government subsidies programs for corporations, farmers, medical research would stop.
The one and only reason that this Congress keeps wanting to get rid of ObamaCare is that the big insurance companies will face the same fate as Ma Bell – wherein - the public won because they ended up being able to pick and chose what telecommunication was best for their needs. Doctors would no longer be obligated to HMOs or sponsored corporate hospital insurance plans, they could incorporate with more medical facilities opening up in community areas. Sure the big names will survived, but, new blood will be injected into the system, and look where we are now Wi Fi and global.SIN EATERS--We take the moral excrement we find in this equation and we bury it down deep inside of us so that the rest of our case can stay pure. That is the job. We are morally indefensible and absolutely necessary.0 -
unsung wrote:Actually it has everything to do with borrowing money.
That's the only way the bills get paid, and by bills I mean other loans. Since the credit card example was used I'll do the same thing. We have a credit card with a $5000 limit that is maxed, so we get another credit card to pay off the first and get a little more revenue and now we owe $6000. Well, that $6000 is maxed so we get another credit card with a $7000 limit and max that out to get a few bucks and pay off the $6000 card. It goes on and on.
They also have so many hidden inflations that are really hidden taxes. That's why the middle class is hurting, not because there isn't a $15 min wage to a burger flipper. The Fed prints fiat currency out of thin air and devalues the dollar even more.
Americans used to thrive when the "Dad" worked.
Then the "mom" had to work so they could afford some nice things and vacations.
Then people stopped saving.
Now people are forced to borrow just to live. It creates wage slaves and people complaining that minimum wage isn't enough.
Meanwhile the real solution is to stop the quantitative easing and get something to actually back the dollar. Fiat currency has failed every time over the history of the world, and it will fail again because it isn't backed by gold or silver, it's backed by debt and spending and out of control inflation.
This isn't Democrats vs Republicans. This is the banking elite against everyone else. ONLY the banking elite stand to profit from the way the banking system is built. The rest of us suffer; and have our wages destroyed by inflation and out of control printing of the federal reserve note.
I hedge my bets and invest in real money, gold and silver. Fiat currency will die off.
I tend to agree with this, although people aren't "forced to borrow just to live". They choose to borrow to buy items unnecessary for living.The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.0 -
unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487Tell that to anyone with a student loan.0
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anyone noticed that the federal debt has been "stuck" for months?
its a fucking joke.
an absolute joke.
Unheard of: Debt stuck at $16.7 trillion for 109 days! -- and that was back on Sept 4th.
I'm pretty sure it is still "stuck".
i mean ...
:fp: :fp: :fp:If I was to smile and I held out my hand
If I opened it now would you not understand?0 -
If I was to smile and I held out my hand
If I opened it now would you not understand?0
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