Congress has lost its mind...

[skysidhe]

On Topic.

Just looking at the table, I see borrowing from the federal reserve has gone down by 5% from 2007-2008 and foreign borrowing has increased 3% in the same time frame.

I could be wrong, but I am thinking this is the case because there wasn't any money in the federal reserve outside of making money and raising the taxes on SS and raising the retirement age. Doesn't the government borrow (spend ) 40% of whatever is generated already. I understand the need not to default on debts but I think the government needs to also make some cuts in spending as well.

[skysidhe]

If I could, buy gold, I would.

I think I can swing contributions. I do need to get my state exemptions up from zero. That was an oversight. I can put half of what I would save by increasing my exemptions, pay into profit sharing and come out with the same net check.

That said..

If they let it default then they are insane. If they are playing scare tactics to get the constituents riled up, to see who can push their own agenda further, then they are morally flawed. Why do they talk out of both sides of their faces.

They make a media circus out of something so crucially important.

[Spexxvet]

Originally Posted by skysidhe

If I could, buy gold, I would.

I wouldn't. I saw yesterday that gold is selling for $1600 per ounce, an all time high. Should have bought it a couple of years ago.

[piercehawkeye45]

Originally Posted by skysidhe

If they let it default then they are insane. If they are playing scare tactics to get the constituents riled up, to see who can push their own agenda further, then they are morally flawed. Why do they talk out of both sides of their faces.

They make a media circus out of something so crucially important.

As annoying as it is, I'm beginning to believe this how the game has to be played for politicians. Or at least that strategy has been the most successful for politicians for past 50 or so years.

[TheMercenary]

Originally Posted by piercehawkeye45

As annoying as it is, I'm beginning to believe this how the game has to be played for politicians. Or at least that strategy has been the most successful for politicians for past 50 or so years.

Neither side cares about the country, they only care about the next election and holding on to power.

[BigV]

Originally Posted by TheMercenary

Neither side cares about the country, they only care about the next election and holding on to power.

mercy, I frequently disagree with your politics, but your analysis here is tragically correct.

Fucking fuck.

[Griff]

Originally Posted by TheMercenary

Neither side cares about the country, they only care about the next election and holding on to power.

This is always fun to say but not true at all. The Democrats are bending on budget cuts as Republicans are bending on tax increases. Your people, the Tea Partiers are the ones forcing brinkmanship games. You are getting what you are demanding and bitching about it.

[Spexxvet]

Originally Posted by Griff

This is always fun to say but not true at all. The Democrats are bending on budget cuts as Republicans are bending on tax increases. Your people, the Tea Partiers are the ones forcing brinkmanship games. You are getting what you are demanding and bitching about it.

It's the same mindset that blames Obama for high unemployment, at the same time that they endorse cost-cutting measures that cause federal, state, and local layoffs.

[TheMercenary]

Originally Posted by Griff

This is always fun to say but not true at all. The Democrats are bending on budget cuts as Republicans are bending on tax increases. Your people, the Tea Partiers are the ones forcing brinkmanship games. You are getting what you are demanding and bitching about it.

FYI, They are not "my people"....

[skysidhe]

Originally Posted by piercehawkeye45

As annoying as it is, I'm beginning to believe this how the game has to be played for politicians. Or at least that strategy has been the most successful for politicians for past 50 or so years.

It is annoying but I am more annoyed with myself for expecting direct answers to questions.

This is why I do not watch the news. (except during elections)

[Clodfobble]

Originally Posted by Spexxvet

I wouldn't. I saw yesterday that gold is selling for $1600 per ounce, an all time high. Should have bought it a couple of years ago.

True dat. I have a relative who deals in gold professionally, and he is a very happy man right now.

[TheMercenary]

What Sheila Jackson Lee and Eric Cartman Have in Common

http://biggovernment.com/chartsock/2...ave-in-common/

[TheMercenary]

I did find it interesting what Obama said and how he voted on the last attempt to raise the debt ceiling.....

http://www.politifact.com/truth-o-me...t-limit-when-/

While President Obama’s economic advisor Austin Goolsbee argued Sunday that a refusal by the Senate to increase the government’s debt ceiling (currently $14.3 trillion) would be “catastrophic” and a sign of “insanity,” that’s not the position the president has held in the past.

Here are Obama’s thoughts on the debt limit in 2006, when he voted against increasing the ceiling:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)

Yea, God Damm right we have a failure of leadership. And it is Obama's failure.

[classicman]

In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)

I thought we discussed this part already ... Wasn't TARP successful?

[TheMercenary]

Well....