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-   -   Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined (https://gfy.com/showthread.php?t=1031531)

BFT3K 07-24-2011 07:42 PM

Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined
 
http://www.ironcladcycling.com/wp-co...everything.jpg

WASHINGTON—Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic meltdown of historically dire proportions. "It is a question that, I think, is worthy of serious consideration: Should we take steps to avoid a crippling, decades-long depression that would lead to disastrous consequences on a worldwide scale? Or should we not do that?" asked House Majority Leader Eric Cantor (R-VA), adding that arguments could be made for both sides, and that the debate over ensuring America’s financial solvency versus allowing the nation to default on its debt—which would torpedo stock markets, cause mortgage and interests rates to skyrocket, and decimate the value of the U.S. dollar—is “certainly a conversation worth having.” "Obviously, we don't want to rush to consensus on whether it is or isn't a good idea to save the American economy and all our respective livelihoods from certain peril until we've examined this thorny dilemma from every angle. And if we’re still discussing this matter on Aug. 2, well, then, so be it.” At press time, President Obama said he personally believed the country should not be economically ruined.

JFK 07-24-2011 07:43 PM

WHAT A BUCH OF FUCKING IDIOTS:thumbsup:thumbsup

iamtam 07-24-2011 07:45 PM

this will be one of the rare occasions where the republican party makes a complete and total fuckup that they cannot deny.

Serge Litehead 07-24-2011 08:10 PM

Quote:

Originally Posted by JFK (Post 18305197)
WHAT A BUCH OF FUCKING IDIOTS:thumbsup:thumbsup

+1
idiocracy at its best

BFT3K 07-25-2011 08:22 AM

http://rlv.zcache.com/politicians_ar...76trak_400.jpg

JamesGw 07-25-2011 08:26 AM

This is getting ridiculous.

sperbonzo 07-25-2011 08:30 AM

Quote:

Originally Posted by iamtam (Post 18305198)
this will be one of the rare occasions where the republican party makes a complete and total fuckup that they cannot deny.


So.... when the Democrats controlled both the house and the senate, they didn't pass a budget AT ALL.... Then when the Republicans put one forward last year, the Democrats totally attack it, but put forward no budget of their own, just talk about possiblities. The Republicans put forward Cut, Cap, and Balance, and the Democrats totally attack it, but still put forward nothing on paper. Now, 22 months after the 11th congress, when the Democrats controlled both houses, they are still trying to pass a budget that has a 33% increase in government spending.


I see what you mean. Totally the Republicans fault!


.:1orglaugh:1orglaugh:1orglaugh:1orglaugh



.What you guys don't get is that the government is totally out of control and it's only going to get worse. While you are arguing over which party is better, BOTH parties are stealing you blind and putting more and more power into the hands of the political ruling class, and their henchmen.




.suckers.



.

2MuchMark 07-25-2011 08:30 AM

Ridiculous and downright scary.

Wizzo 07-25-2011 08:38 AM

Got to love the Onion, though I think they are actually on target with this one...lol :pimp

_Richard_ 07-25-2011 08:42 AM

everyone thinks this article is real.. it's on all the conspiracy sites lol

marketsmart 07-25-2011 08:45 AM

Quote:

Originally Posted by sperbonzo (Post 18306048)


.What you guys don't get is that the government is totally out of control and it's only going to get worse. While you are arguing over which party is better, BOTH parties are stealing you blind and putting more and more power into the hands of the political ruling class, and their henchmen.




.suckers.



.



exactly... i have been preaching this for the last two years...

when the majority of the people in this country start to understand this, then change will happen...

not until...






.

dyna mo 07-25-2011 08:47 AM

that story is not fake whatsoever.

from ron paul-

Quote:

If the government defaults on its debt now, the consequences undoubtedly will be painful in the short term. The loss of its AAA rating will raise the cost of issuing new debt, but this is not altogether a bad thing. Higher borrowing costs will ensure that the government cannot continue the same old spending policies. Budgets will have to be brought into balance (as the cost of servicing debt will be so expensive as to preclude future debt financing of government operations), so hopefully, in the long term, the government will return to sound financial footing.
http://www.bloomberg.com/news/2011-0...html#more-9964

baddog 07-25-2011 08:53 AM

I wish I could just raise my debt ceiling. Would make life so much easier.

12clicks 07-25-2011 08:56 AM

Quote:

Originally Posted by iamtam (Post 18305198)
this will be one of the rare occasions where the republican party makes a complete and total fuckup that they cannot deny.

by putting forward 3 different solutions to the problem while obama and company put forward NOTHING?

we'll see who makes "a complete and total fuckup"

the CBO explaining obama's position on the budget:

"We don't estimate speeches," said Elmendorf. "We need much more specificity than was provided in that speech for us to do our analysis."
-----------
has there even been a budget since obama took office?

dyna mo 07-25-2011 08:58 AM

*the government* had no problems bailing out the world in 2008-2010 to the tune of $16 trillion but now they get all twisted over this.

seeandsee 07-25-2011 08:59 AM

what ever they do now, debt will stay...

marketsmart 07-25-2011 09:01 AM

Quote:

Originally Posted by dyna mo (Post 18306090)
that story is not fake whatsoever.

from ron paul-



http://www.bloomberg.com/news/2011-0...html#more-9964



i say we roll the dice...

and default... :thumbsup




.

Wizzo 07-25-2011 09:04 AM

Quote:

Originally Posted by _Richard_ (Post 18306076)
everyone thinks this article is real.. it's on all the conspiracy sites lol

Its from the Onion.... http://www.theonion.com/articles/con...ot-nati,20977/

dyna mo 07-25-2011 09:04 AM

Quote:

Originally Posted by marketsmart (Post 18306136)
i say we roll the dice...

and default... :thumbsup




.

me too, just wish we did it in 2008.

BFT3K 07-25-2011 10:17 AM

It's from the onion, but it is solidly based on reality.

IllTestYourGirls 07-25-2011 10:33 AM

lol. It would be better fit for reality if they said the Senate and Obama are debating. Congress already passed raising the debt ceiling Obama and the democrats are delaying it.

Edit: and we are already economically ruined. We are talking about borrowing more money to pay on money we borrowed. If that is not ruined, I dont know what is.


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