US national debt

[tonyexpress]

Already went there and read it. PEACE

 

[wkmac]

This country defaulted long ago

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises

 

[UpstateNYUPSer(Ret)]

This country defaulted long ago

Financially, morally or ethically?

 

[wkmac]

Investing Icon Jim Rogers on the US Debt situation

He's calling it all a charade short term and I'd agree but Rogers sez longterm, "it's a disaster" and I'd agree as well.

 

[wkmac]

From Reason:
The Facts About Spending Cuts, The Debt and GDP

 

[wkmac]

Moody's sez AAA credit rating in jeopardy regardless of any plan at present in Washington!

Still holding faith in the man behind the curtain?

 

[moreluck]

Been saying already that the downgrade is inevitable.
Obama, of course, used his strategy...."never let a good crisis go to waste. He played it.

 

[wkmac]

Been saying already that the downgrade is inevitable.

Did you arrive at your conclusion because you knew they couldn't make the spread?

 

[The Other Side]

Did you arrive at your conclusion because you knew they couldn't make the spread?

NO, she heard Shannon Bream say that this morning to Dennis Kucinish.

Peace.

 

[moreluck]

Even Charlie Harper say's , "It's all about the spread!"

Dennis K.....Mr. Jingle-a-ling's elf!!

 

[moreluck]

Even the Democrats hated Reid's bill. Weak freak!!

http://www.foxnews.com/politics/2011/07/31/late-attempt-at-debt-limit-deal-to-avert-default/

 

[bbsam]

Even the Democrats hated Reid's bill. Weak freak!!

http://www.foxnews.com/politics/2011/07/31/late-attempt-at-debt-limit-deal-to-avert-default/

Maybe if he had offered a no ceiling debt limit ammendment to the Constitution...hey, it worked for Boehner.

 

[moreluck]

First they say they do and then they don't.....

http://www.youtube.com/watch?v=BAIdvJ-EW-Y&feature=fvsr

 

[packageguy]

There will be an agreement in place before the markets open on Monday.

I agree, there is no way this country could be that stupid.

 

[moreluck]

http://www.foxnews.com/politics/201...uction-deal-approved-by-senate-house-leaders/

The part I didn't quite get was...... "According to the president, the deal means an immediate cut of $1 trillion in government spending over a 10-year period...."


To me, an "immediate cut" does not mean over a 10 year period. That's double talk!


It said no tax hikes and there is a "pledge for a balanced budget amendment vote".....which means absolutely nothing!!

 

[moreluck]

"a pledge for a Balanced Budget Amendment vote" .......is in the bill.

Is that like, I promise to take a vote later? No, really, I promise! LOL!

 

[moreluck]

I saw where Giffords was there to cast her vote. I don't want to come off cruel, but does she really comprehend what it is all about? Just asking.

 

[moreluck]

Debt deal betrays conservatives.......

http://www.foxnews.com/opinion/2011...rays-conservatives-and-short-changes-america/

 

[DS]

In some peoples eyes,it betrays a lot more than conservatives.

I hope Johnny learned something today.
btw more, nice Ella song and if fit nice.

 

[trplnkl]

I saw where Giffords was there to cast her vote. I don't want to come off cruel, but does she really comprehend what it is all about? Just asking.

She probably understands it as well as anyone else that voted on the issue.