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Reid destroying USA

June 18, 2014

The Senate Democrats allow their leader to ignore the law and stop any bipartisan laws to be acted upon or amended. Harry Reid has had no Senate Budget for three years required by law....

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(38)

bobbae2

Jun-19-14 7:31 PM

Neither of you really have a clue about money or the economy.

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bobbae2

Jun-19-14 7:30 PM

What is your 100# bag of Weimar Republic marks worth.

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Scott36

Jun-19-14 6:30 PM

I mean, how could Rand Paul be wrong?-MonkeyWrench

Thank you for the post. You are correct, these two hoaxes are so transparent that a four yr. old could see through it. I like your sense of humor, although to some, the highlighted phrase is a serious "end of conversation" statement/question. Have a Safe, Totally Relaxing Evening!!-Scott

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MonkeyWrench

Jun-19-14 4:34 PM

"And now that the World is discovering we are paying our bills with our bills with MONOPOLY MONEY what will happen?"

I'm hoping folks from all over the world including you, will send their worthless cache of monopoly money to me...I'm in the phone book. Just came back from shopping...at least up until today, others have not heard of your startling discovery.

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bobbae2

Jun-19-14 4:04 PM

" After all what do the vast majority of the world's economists and financiers know when they warn that we would have a world wide depression, skyrocket unemployment, the collapse of the dollar, soaring interest rates, tanking stock markets and 401k's, cessation of Social Security payments after a month and lending frozen? "

Like Krugman and Reich? And now that the World is discovering we are paying our bills with monopoly money what will happen?

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MonkeyWrench

Jun-19-14 12:59 PM

"But I remember hearing on the radio that the sky would not fall if we just default. So what if we default seemed to be the chant."

I'd go with what you "heard on the radio." After all what do the vast majority of the world's economists and financiers know when they warn that we would have a world wide depression, skyrocket unemployment, the collapse of the dollar, soaring interest rates, tanking stock markets and 401k's, cessation of Social Security payments after a month and lending frozen?

These experts know as little about the effects of a U. s. debt ceiling default as virtually all peer reviewed climatology researchers know about man-made climate change.

Two hoaxes...everything is gong to be alright. I mean, how could Rand Paul be wrong?

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Scott36

Jun-19-14 12:29 PM

"if you run up a balance on your credit card and then decide not to pay the bill, there’s a huge price to pay. Your interest rate goes up, your credit score goes down and that triggers all sorts of costly dominoes to start falling.-MonkeyWrench

But I remember hearing on the radio that the sky would not fall if we just default. So what if we default seemed to be the chant...-Scott

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Scott36

Jun-19-14 12:22 PM

All fines for this starts at $34,500 but a frack truck can dump thousands of gallons of waste water in the forest and get a $5000 fine. Crazy-Premier

I agree. Years ago, I took an OSHA "specialty" class to teach "lead Haz" with my OSHA 500 course. Lead needs to be dealt with carefully, for many reasons--as I am sure you are aware of. This being said, In my humble opinion--Their NUTS!!! Care needs to be taken, YET the job needs to get done also. Hope your Day Goes Stress free for you!!-Scott

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Scott36

Jun-19-14 12:15 PM

The list is endless with redundancies of wasteful and overstaffed departments.-Premier

I agree, My point was, I felt it was a very generic question, requiring a not so general Black/White answer. Had it not been from Mr. Underwood, I would have taken it as a childish attempt at a "gotcha" question. Thanks for the good reply-Be Safe, & Happy!!-Scott

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Scott36

Jun-19-14 12:09 PM

Doesn't know if he's a cow or a clown-ofutm2

LOL!!-I, repeat, I am the one who doesn't know who/what I am?? If there has ever been a case of "self-projection"....Have a Happy whatever it is you have!!-Scott

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MonkeyWrench

Jun-19-14 11:54 AM

Or as Suze Orman explains: "if you run up a balance on your credit card and then decide not to pay the bill, there’s a huge price to pay. Your interest rate goes up, your credit score goes down and that triggers all sorts of costly dominoes to start falling. To not raise the debt ceiling is akin to refusing to pay your credit card bill. The debt ceiling has nothing to do with future spending. It’s simply a mechanism that allows the U.S. government to keep paying off the bills it has already run up. This is a completely separate issue from what we decide is the right pace of future spending for our country. The deficit reduction debate is about that future path. That anyone insists on linking the two is absurd. We must make good on paying off our bills."

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MonkeyWrench

Jun-19-14 11:51 AM

And oddly, if we don't WE WILL INCUR COSTS THAT WILL INCREASE OUR DEBT. We either have to cut back on our spending or increase our revenues a combination of both. We need to reduce deficits. That is how we stop the ridiculous practice of having to continually excessively raise the debt limit to pay our bills.

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MonkeyWrench

Jun-19-14 11:49 AM

Why does it become necessary to raise the debt ceiling to pay our bills?"

Raising the debt ceiling does not increase our national debt nor does it give us any authority to increase it further. It just makes it possible to pay for the debts which we have occurred because the enactment of laws by our Congresses and Presidents. The term "raising the debt ceiling" is an unfortunate one. Additional debt is not incurred by raising the debt ceiling; it is done by passing legislation which increases deficits or by not curtailing mandated spending (like entitlements).

I think a better term might be "increasing our line of credit." We have "bought things" beyond our line of credit and cannot pay for what we have already purchased. so since we can't pay "cash," we seek to increase our line of credit---again not to allow additional purchases, but to make good on those we have already made.

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CMReeder

Jun-19-14 8:15 AM

There is no compromise from the republicans even if the Democrats offer a compromise. They do not accept a compromise even if given by the Democrats.

The right is their quest to lower the deficit has only increased it and worsen the economic recovery. That comes from business leaders as the austerity measure of the right destroy the middle class and capitalism.

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Nobody

Jun-19-14 7:52 AM

Phil; "How about a compromise where we lower the debt ceiling a little bit instead of raising it all of the time."

Great idea Phil, but let's also cut federal spending and equal amount.

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Premier

Jun-19-14 6:58 AM

And Scott regarding the EPA, they have a job to do but when they can put a small remodeling contractor firm out of business because of a the new lead abatement program for not being able to prove that window they replaced contained no lead paint is ridiculous. All fines for this starts at $34,500 but a frack truck can dump thousands of gallons of waste water in the forest and get a $5000 fine. Crazy

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Premier

Jun-19-14 6:44 AM

Scott, the government is laden with different department doing the exact same job. Eliminate the Dept. of Education, the States do this very well, eliminate the Dept. of Energy. What do they do? Nothing. Why is the Dept. of Agriculture into housing needs as is numerous departments that have nothing to do with housing. The list is endless with redundancies of wasteful and overstaffed departments.

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0futm2

Jun-19-14 12:53 AM

give us an explanation, oh great financial sage, about how raising the debt limit pays our bills.-"our gang"

"Bills need to be paid for, like oh let's say the Iraq Fiasco, & the interest that goes along with it. Not too hard a concept.-Have a nice evening" Doesn't know if he's a cow or a clown

Why take a chance that many consider you a moron.

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GoBB62

Jun-18-14 10:14 PM

"Bills need to be paid for, like oh let's say the Iraq Fiasco...."

Yea, that new one definitely has Obama befuddled.

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Scott36

Jun-18-14 9:43 PM

Scott, are we to compromise...underwood

Not everything is such an easy, black/white issue, & I'm sure that you know that. It is my belief that this needs to be looked at an issue at a time. Larger, or smaller Gov.? In regards to which issue? Let's say for the sake of discussion, the EPA. I personally would like to see it large enough to oversee what say, the gas/oil companies are doing--I am not of the belief that they "self-regulate" all that well. Defense spending? I am fairly confident, from what I read, that it's budget could be cut, & at the same time keep America safe. I know Premier will say I am deflecting, but what say you, Premier on this same exact question? Mr. Underwood? Oh, almost forgot--Compromise??LOL!! I remember seeing Boehner struggling his best NOT to even use the word, and stressing that point.--Hope your day was Great, & tomorrow even better!!-Scott

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Scott36

Jun-18-14 9:29 PM

give us an explanation, oh great financial sage, about how raising the debt limit pays our bills.-"our gang"

Bills need to be paid for, like oh let's say the Iraq Fiasco, & the interest that goes along with it. Not too hard a concept.-Have a nice evening-Scott

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Premier

Jun-18-14 8:46 PM

Good question Phil but I doubt you'll get a straight up answer.

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underwood

Jun-18-14 6:34 PM

Scott, are we to compromise and make government bigger and costlier a little slower than progressives would like, or are we to compromise and make government a little smaller and less costly like conservatives would like?

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bobbae2

Jun-18-14 5:42 PM

give us an explanation, oh great financial sage, about how raising the debt limit pays our bills.

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Scott36

Jun-18-14 5:25 PM

How about a compromise where we lower the debt ceiling a little bit instead of raising it all of the time.-underwood

How are we to pay our bills then? If we need to raise it to honor our debt, & we don't, are you suggesting we become a "deadbeat" country?(I know, cut, cut, cut, it has been beaten to death) Hope you enjoyed this beautiful day!!-Scott

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