American Politics during the Obama Presidency

[QUOTE=Wild Walleye;418665]This "Boehner Bill" is pure bullsh*t. It cuts nothing, it has no teeth and while they may put lipstick on it, it's still a pig. The fix has been in all along. Boehner is a country club republican (albeit from modest beginnings) that wants to maintain the status quo. So he an McConnell and Reid have cooked up this pile of crap to give Boehner the appearance of being tough while in reality it just continues to perpetuate the Washington machine. The bill will be tabled in the Senate then they will gut it to be a 'tax and spend' liberal's wet dream and send it back to the House. They (media included) will say "it's the Boehner bill, it's a republican bill! How can you be against it?" If republicans bail and it doesn't get passed, they'll blame republicans. If they pass it, Obama, Reid and Pelosi continue to get what they want from compliant republicans who wouldn't know conservatism if it bit them on the ass.[/QUOTE]Article I, Section VII: All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with ammendments as on other bills.

I hope the thin (very thin) red line (not red as in Marxist. Potus. Red, but as in Conservative Red) in the House will hold the line and cut off the spending junky that we've become as a nation.

[url]http://www.youtube.com/watch?v=uEF0XkY4X7U[/url]

BF

We are in trouble.

Obama was explaining that the unemployment numbers were a little misleading. We are adding private sector jobs but because of lack of tax revenue states are being forced to cut public sector jobs. Doesn't Obama get it? Public sector jobs are make believe jobs. They are a drain on the economy paid for by people with real jobs. Cutting public sector jobs is good.

I have not read any of Obama's ghost writtren autobiographies but I doubt there is even one sentence about his childhood experiences selling lemonade or having a paper route. This guy is absolutely clueless about a free market economy. Receiving a check for work as 'community organizer' is about the extent of his knowledge of how economies function.

[QUOTE=Wild Walleye;418657]1. The US government is in no way headed toward a default on its debt. 'Failure' to raise the debt ceiling can't cause the US to default on its debts (in the current scenario).[/QUOTE]You are wrong and your brain is somewhere.

[QUOTE=Wild Walleye;418657]It would be better for all of us if they don't raise the debt limit. Let the "world end" in the terms of the Democrats.[/QUOTE]You are not understanding this issue at all.

No Matt you have it wrong. We have a spending problem and by not increasing the Debt Limit the government will have to live with what it brings in which means, gasp, a whole lot of government programs will have to be terminated. It will be interesting to see what Obama considers "necessary" programs which should be funded. You might note that none of the legislation passed in either the House or Senate address CURRENT spending programs! Get a grip, no one in Washington seems to have a clue execpt the newest member of the House and Senate.

Perry did it here in Texas and guess what, the state did not implode, we are still here and doing fine. Of course some demoncratic oxes got gored.

[QUOTE=El Alamo; 418668]We are in trouble.

Obama was explaining that the unemployment numbers were a little misleading. We are adding private sector jobs but because of lack of tax revenue states are being forced to cut public sector jobs. Doesn't Obama get it? Public sector jobs are make believe jobs. They are a drain on the economy paid for by people with real jobs. Cutting public sector jobs is good.

I have not read any of Obama's ghost writtren autobiographies but I doubt there is even one sentence about his childhood experiences selling lemonade or having a paper route. This guy is absolutely clueless about a free market economy. Receiving a check for work as 'community organizer' is about the extent of his knowledge of how economies function.[/QUOTE]The US has been on a gravy train for a least 3 decades now. As on the Titanic, previous administrations have just been rearragning the deck chairs. Obama has not been the Messiah, but he did not run and win on a platform based on a financial crisis and the recession that followed. Most of Obama's spending is due to the weak economy. Fiscal conservatism is crucial, but balancing the budget in the midst of a severe recession is just insane. Yes, we should start now but it is should be long term goal.

To reflect your ideology, I could say that if Bush had spent all the trillions on rebuilding the infrastructure in this country rather than on Iraq and oil, we would not be having this conversation right now.

Black Shirt, it's not the infrastructure or the war spending, run the numbers, it's the ENTITLEMENT spending and the entitlement mentality.

You are talking about irrelevant things. My issue is the seemingly wrong notion that there will be no default w / o raising debt ceiling. Secondly, bunch of disconnected and contradictory sentences you wrote do not make sense to any English speakers. Please retake Econ 101 and Eng101.

[QUOTE=Doppelganger; 418673]No Matt you have it wrong. We have a spending problem and by not increasing the Debt Limit the government will have to live with what it brings in which means, gasp, a whole lot of government programs will have to be terminated. It will be interesting to see what Obama considers "necessary" programs which should be funded. You might note that none of the legislation passed in either the House or Senate address CURRENT spending programs! Get a grip, no one in Washington seems to have a clue execpt the newest member of the House and Senate.

Perry did it here in Texas and guess what, the state did not implode, we are still here and doing fine. Of course some demoncratic oxes got gored.[/QUOTE]

[QUOTE=Matt Psyche;418679]You are talking about irrelevant things. My issue is the seemingly wrong notion that there will be no default w / o raising debt ceiling. Secondly, bunch of disconnected and contradictory sentences you wrote do not make sense to any English speakers. Please retake Econ 101 and Eng101.[/QUOTE]Econ 101:

The US Government's failure to raise our own borrowing limit will [u]NOT[/u] result in a "default".

A "default" is defined as a situation wherein a borrower fails to pay the payments on their debt.

The US Government enjoys revenues of approximately $200 billion per month.

The payments on the US Government debt is approximately $40 billion per month.

Thus the US Government has and will continue to have plenty of money to service our debts, and you fear mongers should be ashamed of yourselves for so disingenuously describing any failure to raise the US Government's credit limit as a "default".

I hope this makes "[i]sense to any English speakers[/i]".

Thanks,

Jax

You are indicating that the Fed Gov can avoid default simply because the debt interest payment and partial repayment account for 20% of govtl revenue. I would like to remind you that the two things-default and the size of debt payment, are unrelated. The 2011 fiscal budget was enacted, that is, determined, at the end of September 2010. The great portion of the "monthly revenues" you mentioned had been already spent or assigned for various appropiated/authorized items. Regardless of the revenue / debt payment ratio, the govt will have no sufficient amount of money by Aug. 2 (Aug 10 accrding to Bipartisan Policy research Committee) to meet its obligations to pay for the debt. Thanks.

[QUOTE=Jackson; 418682]Econ 101:

The US Government's failure to raise our own borrowing limit will [u]NOT[/u] Result in a "default".

A "default" is defined as a situation wherein a borrower fails to pay the payments on their debt.

The US Government enjoys revenues of approximately $200 billion per month.

The payments on the US Government debt is approximately $40 billion per month.

Thus the US Government has and will continue to have plenty of money to service our debts, and you fear mongers should be ashamed of yourselves for so disingenuously describing any failure to raise the US Government's credit limit as a "default".

I hope this makes "[i]sense to any English speakers[/i]".

Thanks,

Jax[/QUOTE]

Matt, check your translation program, it must be malfunctioning if you were unable to understand my post you highlighted.


Let me see if I can reduce it to its essence.

1. The debt ceiling is not increased resulting in the Federal Government not being able to borrow funds to pay for projects currently authorized.

2. The Federal Government will then have to prioritize which payments will be made; therefore Obama will have to select those programs he believes should be funded and those which will not be funded.

3. Since there will no longer be adequate funds available for all Federal Programs, some programs will be terminated for lack of funding.

4. The State of Texas faced a severe gap between expenditures and income. Despite liberal warnings of a catastrophic collapse of the state if the reductions in spending were enacted none of these dire warnings come to pass. Texas is doing fine, is experiencing greater growth in both business and employment than any other state in the nation.


Obama's experiment in Keynesian economic theory has been a complete failure.


I think I still have my old econ book, will be happy to send it to you. Send me a PM with your address. I'm pretty sure NASA is going to Mars pretty soon.

Sounds like a good plan. The nation will keep AAA credit, many people will buy the USA bonds, and Wall street will soar. Ciao.

[QUOTE=Doppelganger; 418685]Matt, check your translation program, it must be malfunctioning if you were unable to understand my post you highlighted.

Let me see if I can reduce it to its essence.

1. The debt ceiling is not increased resulting in the Federal Government not being able to borrow funds to pay for projects currently authorized.

2. The Federal Government will then have to prioritize which payments will be made; therefore Obama will have to select those programs he believes should be funded and those which will not be funded.

3. Since there will no longer be adequate funds available for all Federal Programs, some programs will be terminated for lack of funding.

4. The State of Texas faced a severe gap between expenditures and income. Despite liberal warnings of a catastrophic collapse of the state if the reductions in spending were enacted none of these dire warnings come to pass. Texas is doing fine, is experiencing greater growth in both business and employment than any other state in the nation.

Obama's experiment in Keynesian economic theory has been a complete failure.

I think I still have my old econ book, will be happy to send it to you. Send me a PM with your address. I'm pretty sure NASA is going to Mars pretty soon.[/QUOTE]

[QUOTE=Matt Psyche;418688]Sounds like a good plan. The nation will keep AAA credit, many people will buy the USA bonds, and Wall street will soar. Ciao.[/QUOTE]Matt. Let me chime in here. There was no Federal budget enacted in 2010. In fact, there has been no Federal budget passed over the past 842 days.

Keynes was a socialist douchebag. His theory on fiscal policy is fundamentally flawed. I really hate saying this about a fellow Scottsman. At least we have Adam Smith.

Cheers,

BF

[QUOTE=Doppelganger;418678]Black Shirt, it's not the infrastructure or the war spending, run the numbers, it's the ENTITLEMENT spending and the entitlement mentality.[/QUOTE]Are you referring to programs where I can just walk in with my palms out, and I qualify, or something that has to meet some requirements?

Ok, the entitlements are a hugh block of the budget. Personally, I think SS and Medicare / Medicaid is COMPULSORY in a civilized society, and I don't mind paying into the system during my working lifetime. Even at higher rates, if it has to be. And so far, they are solvent. The ongoing problem is because Congress and Obama (and past administrations) have failed to deliver on reforms to make it sustainable.

So we have a dysfunctional government, but then if case you didn't know, we have a dysfunctional society as well. Single parents, a drug culture, poor but expensive educational systems, poor / expensive medicated health (despite people living longer). Nobody wants to talk about these things, only ideology.

Sorry, once again, I repeat, you just can't get on your horse and go shoot a buffalo when you decide to have a Bar-B-Q. But then, maybe, you could!

Black Shirt, I have to agree with you on the dysfunctional government and society. Social Security, Medicare. Should be covered since folks have PAID for them during their working lives in the form of taxes for those programs and their payments have been matched by their employers. Medicare on the other hand is a pure unfunded giveaway program which increased more than 16% last year. Let me give an example of what is wrong with Medicaid.

A Chinese woman who obviously has money secures a visa to come to the US because she is pregnant with her second child; China has a one child policy. She arrives in the US, goes to an Ob / Gyn physician and pays cash up front for her prenatal care and delivery in full. She informs the physician if the child is a girl she will return to China and the government will abort her. If the child is a boy she will stay and have it. Three weeks later she returns for her next appointment and presents a Medicaid card and demands her money back. Now how in the world does a woman who speaks no English, is in the US on a visa, and has funds get on Medicaid? Beats the hell out of me to but it happens all the time with my clients. People with obvious means of support turn up with Medicaid or worse yet they have Private Insurance and get Medicaid as their Secondary insurance.

So instead of cleaning up the fraud in the system by some sort of meaningful testing / investigation, Congress wants to solve the problem by cutting payments to physicians and hospitals. Go figure.

Now don't get me started on government agencies, payrolls, health benefits and retirement systems which we mere taxpayer serfs and not allowed to participate in.

[QUOTE=Matt Psyche;418688]Sounds like a good plan. The nation will keep AAA credit, many people will buy the USA bonds, and Wall street will soar. Ciao.[/QUOTE]Yes, that is [u]EXACTLY[/u] what will happen if we can rein in the Obama's administration's insane spending.

Unfortunately, Obama wants the country's credit card limit raised because he needs the money to buy votes.

Thanks,

Jackson