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  #16  
Old 07-31-2011, 06:03 PM
Jimmeh Jimmeh is offline
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Default Re: The Sen. Reid bill fails...

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Originally Posted by dvrich View Post
So where did you study macro economics? There is way more to this problem than a possible default.
Once again, the government will not default. Do you know what a government default is? It's the inability to pay the interest owed. The US treasury owes about 30 billion a month in interest, yet brings in roughly 200 billion a month. Yes, the US treasury will begin to prioritize it's payments on the debt, but payments will continue to be made. People will still get their SS and Disability benefits and the military will still be paid. I agree that there are more problems then the myth of a default.

I think ultimately the debt ceiling will be raised, but there will be a lot of cuts in spending (which there absolutely HAS to be). Hell, the libs like to bring up how good the economy was back in the Clinton years, why not use the same spending plan that the US was using then with the exact same figures?
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  #17  
Old 07-31-2011, 07:49 PM
webster426 webster426 is offline
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Default Re: The Sen. Reid bill fails...

Clintons ecoomics was based on a Ponzi scheme taking money from SS and Medicare.

Americans need to study their history and read the damn Constitution. America was founded with the power in the PEOPLE.....this means the power was dictated locally within the states. The federal government took power in the early 1900's after the Great Depression and thats when the enstilled income tax, welfare, and all the other BS programs!
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  #18  
Old 07-31-2011, 09:39 PM
Jimmeh Jimmeh is offline
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Default Re: The Sen. Reid bill fails...

Quote:
Originally Posted by webster426 View Post
Clintons ecoomics was based on a Ponzi scheme taking money from SS and Medicare.

Americans need to study their history and read the damn Constitution. America was founded with the power in the PEOPLE.....this means the power was dictated locally within the states. The federal government took power in the early 1900's after the Great Depression and thats when the enstilled income tax, welfare, and all the other BS programs!
....the constitution was written on the principles of Federalism and the Federal government has been in power ever since (though most of their power exploded during the Civil War and then on in the 1900's). Apparently YOU need to read more about history.
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  #19  
Old 07-31-2011, 10:40 PM
webster426 webster426 is offline
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Default Re: The Sen. Reid bill fails...

Amazing.....have you read the Federalist Papers? I would bet you havent read a single one! Federalism, and the ideals of the founding fathers is nothing like present day America.

You are probably ignorant enough to believe that the president was good enough to prevent a government default right? We might as well reinstate a monarch in America and go back to the way it was before the Revolutionary Way!

Read the Declaration of Independence AND the Constitution.
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  #20  
Old 08-01-2011, 02:30 PM
Jimmeh Jimmeh is offline
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Default Re: The Sen. Reid bill fails...

Quote:
Originally Posted by webster426 View Post
Amazing.....have you read the Federalist Papers? I would bet you havent read a single one! Federalism, and the ideals of the founding fathers is nothing like present day America.

You are probably ignorant enough to believe that the president was good enough to prevent a government default right? We might as well reinstate a monarch in America and go back to the way it was before the Revolutionary Way!

Read the Declaration of Independence AND the Constitution.
Have you read the Declaration of Independence or the Constitution? Do you even know what federalism is?

And as far as your second paragraph goes, I'll go ahead and ignore it. You obviously ignored my other posts in this exact thread.
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  #21  
Old 08-01-2011, 02:33 PM
Fightinirish157 Fightinirish157 is offline
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Default Re: The Sen. Reid bill fails...

Quote:
Originally Posted by webster426 View Post
Amazing.....have you read the Federalist Papers? I would bet you havent read a single one! Federalism, and the ideals of the founding fathers is nothing like present day America.

You are probably ignorant enough to believe that the president was good enough to prevent a government default right? We might as well reinstate a monarch in America and go back to the way it was before the Revolutionary Way!

Read the Declaration of Independence AND the Constitution.
I would ignore anything this ass hat says cause you prove him wrong and make him look like an ass he will say its all for a paper he is doing he is a real piece of work...
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  #22  
Old 08-02-2011, 10:14 AM
knightmare1015 knightmare1015 is offline
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Default Re: The Sen. Reid bill fails...

Quote:
Originally Posted by schultzkenneth View Post
Just gonna through this out there. STEVE JOBS FOR PRESIDENT!

It's time we get some of these corrupt and ass backwards politicians OUT of office and starting voting in people who have some knowledge of business and care about this country. Not just attorneys and the rich who are so self centered they will try to get NASA to get Earth to actually revolve around them.
Thanks pal. I would be a great leader who would put the people of this country ahead of my own personal gain which Obama and several other politicians have not done.


Quote:
Originally Posted by webster426 View Post
Clintons ecoomics was based on a Ponzi scheme taking money from SS and Medicare.

Americans need to study their history and read the damn Constitution. America was founded with the power in the PEOPLE.....this means the power was dictated locally within the states. The federal government took power in the early 1900's after the Great Depression and thats when the enstilled income tax, welfare, and all the other BS programs!
Pal alot of people tried to prove that and it bit them in the backside pretty badly. Bill Clinton was willing to work with BOTH SIDES in a true bipartisan manner. Yes we had the largest tax hike in this nation's history and alot of us didn't like it at all. But by the time his second term was at its end, we had jobs on every corner, we paid only $.085 cents for gas and it only rose to about a $1.25 per gallon and we had a surplus of everything known man. George W. Bush screwed the pooch royally went we went to war with Iraq. Afganistan attacked us is the only reason we went to war with them since Bin Laden's 9/11 attacks. Also under Bill Clinton's presidency we had virtually no debt compared to todays numbers either. FDR and Bill Clinton were 2 of our best modern day leaders that this country had seen in many years.
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  #23  
Old 08-02-2011, 09:06 PM
Jimmeh Jimmeh is offline
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Default Re: The Sen. Reid bill fails...

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Originally Posted by knightmare1015 View Post
FDR and Bill Clinton were 2 of our best modern day leaders that this country had seen in many years.
I would argue that personally, but this thread is basically useless now since the original topic isn't even worthy of talking about anymore.
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