Obama on Debt Crisis

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Lestov16
RyG0kFCx-qE

lord xyz
Lol, I love how he starts with "W spent all our money on wars and not paying the debt" and went on by saying "Dem Republicans are stopping me from saving the countryz".

I think he has his re-election on his mind, but I like his democratic approach of harassing congressman.

I actually quite like this speech, considering the context of the nation and the world, but he's still a puppet with no real solutions except to meet the needs of his money masters.

Darth Jello
Um, Franklin Roosevelt in Madison Square Garden was a speech. This is just Ronald Reagan and Herbert Hoover, the remix.
We're on the brink of economic, collapse. He should act like FDR, use the 14th amendment to raise the debt ceiling himself and name the GOP as the culpable enemies of human life that they are. Hell, FDR even egged on assassins and right-wing revolutionaries.

jaden101
Originally posted by Darth Jello
Um, Franklin Roosevelt in Madison Square Garden was a speech. This is just Ronald Reagan and Herbert Hoover, the remix.
We're on the brink of economic, collapse. He should act like FDR, use the 14th amendment to raise the debt ceiling himself and name the GOP as the culpable enemies of human life that they are. Hell, FDR even egged on assassins and right-wing revolutionaries.

He won't though. Just like every single person in US politics at the moment he'd rather play petty party politics in order to set up for the blame game at election time than actually fix issues.

I-Drop
He will. This time he's gonna say "**** it" &do what's right for America.

inimalist
lol, care to put money on that?

Robtard
Originally posted by Darth Jello
Um, Franklin Roosevelt in Madison Square Garden was a speech. This is just Ronald Reagan and Herbert Hoover, the remix.
We're on the brink of economic, collapse. He should act like FDR, use the 14th amendment to raise the debt ceiling himself and name the GOP as the culpable enemies of human life that they are. Hell, FDR even egged on assassins and right-wing revolutionaries.

Debt ceiling will be raised again, America is the land of living on credit, why should the government be any different. You max out all your credit cards, easy, get another and use that one to pay off minimum dues for the others. A happy circle.

IMO, they should raise the "if we go past this amount we're doomed" limit to a 'gazillion' USD and we won't have to do these scares anymore.

Darth Jello
I don't expect much. He's a proven do-nothing pussy. I feel it's likely the GOP will go ahead with their plan on making the US default while making massive personal fortunes off of shorting the dollar during a financial collapse and will then use the ensuing chaos to impeach the president and strong arm the states into passing some fascist constitutional amendment.

King Kandy
Originally posted by I-Drop
He will. This time he's gonna say "**** it" &do what's right for America.
What is this, the "three strikes" theory? He didn't do anything the last two times republicans rejected his plans. His current proposal is actually more conservative than a lot of the early republican plans.

lord xyz
There's some questions I want to ask.

Why isn't he raising the debt line, since it's already passed the peak or at the peak?

and, more importantly...Who is the government borrowing the money from? The Federal Reserve?

Lord Lucien
The American people, various banks, China?

lord xyz
Originally posted by Lord Lucien
The American people, various banks, China? Well, I don't remember the government paying the taxes back, so I don't think that's what they mean when they say debt.

If it's banks, which is probably it, and the whole world is in debt...then what the ****'s going on?

RE: Blaxican
Because they would get the shit kicked out of them, and therefore have no way of actually collecting the money?

alltoomany
kill all the 65 and older people

Lord Lucien
Banks are run by the mob, so when the Gov. defaults, they gonna gets their legs broken.

Darth Jello
What to do now that we have no doubt that Republicans and the Tea Party are a cult and really are that stupid? If the debt ceiling isn't raised, the US treasury can avoid default AND missing any payments buy issuing two trillion dollar platinum coins (market value) and depositing them, the writing checks based on their value. That may still cause a downgrade in the US credit rating. At that point, if I were president I would identify every single congressman identifying with the Tea Party or shorting US treasury bonds and charge them with sedition and high treason. Maybe label them enemy combatants and let them cool down for a few months at Gitmo.

Lord Lucien
Isn't having all the answers fun?

Darth Jello
Originally posted by Lord Lucien
Isn't having all the answers fun? And your idea is default, followed by chaos, followed by civil war? I don't want to live in late 70's era Latin America with Michelle Bachmann and Alan West assuming the parts of Agusto Pinochet and Jorge Videla. The banksters and the rich won't suffer even as the entire banking institution collapses. They'll make a hefty sum off shorting US treasury bonds. If you don't like the control banks have the solution would be to bring back Glass-Steagal and a combination of breaking up and nationalizing the biggest savings banks, not destroying the economy and the social safety net simultaneously.

inimalist
another Oliver North might be nice, though

Darth Jello
Originally posted by inimalist
another Oliver North might be nice, though REX 84? Is it really time to declare martial law, deputize the Tea Party and the Hammer Skins, and start rounding everyone to the left of Oswald Mosley into concentration camps?

inimalist
na, I just want more of that sweet cocaine

Lord Lucien
Originally posted by Darth Jello
And your idea is default, followed by chaos, followed by civil war? I didn't know I had an idea...



Thanks!

Mindship
Raise the debt ceiling.
Raise social security to 68.
Close all tax loopholes for the fat cats.
Catch a buzz.

inimalist
IzsEpxRApQ8

Symmetric Chaos
It is interesting that what's causing this is what people have always wanted from politicians, sticking to their guns.

King Kandy
Originally posted by Symmetric Chaos
It is interesting that what's causing this is what people have always wanted from politicians, sticking to their guns.
Well, one sided sticking to their guns.

Mr Parker
Originally posted by Lestov16
RyG0kFCx-qE

The thing thats unreal is everybody blames Obama for the current debt crisis and unemployment.Amazing what a short memory they have that Bush was the one that initially got us into the recession his last couple years in office.People were losing jobs left and right during that time and Obama has accelerated what Bush got started.I never thought we would ever get a president worse than Bush.

Should have known better though,You go back to the past 50 years or so,every president that gets into office is always worse than the previous one.As long as we have this corrupt two party system of demopublicans and reprocrats,thats the way it will always be from here on out.

Darth Jello
Originally posted by Mr Parker
The thing thats unreal is everybody blames Obama for the current debt crisis and unemployment.Amazing what a short memory they have that Bush was the one that initially got us into the recession his last couple years in office.People were losing jobs left and right during that time and Obama has accelerated what Bush got started.I never thought we would ever get a president worse than Bush.

Should have known better though,You go back to the past 50 years or so,every president that gets into office is always worse than the previous one.As long as we have this corrupt two party system of demopublicans and reprocrats,thats the way it will always be from here on out.

You can't blame him for the crisis but you can blame him for being a pussy and therefore being complicit in the hostage taking that the national socialists in the tea party are responsible for. I hope he get primaried by someone with a spine and hope against hope and probability that a Democratic Socialist wins the next presidential election and that at the very least, the tea party is swept out of government.

chomperx9
Originally posted by inimalist
lol, care to put money on that? laughing

Mindset
Obama will save us.

Batman-Prime
Originally posted by Mindset
Obama will save us.

http://uswgo.com/wp-content/uploads/HLIC/66cd793e94d4759365550837ace3a089.jpg

Quark_666
Originally posted by Darth Jello
You can't blame him for the crisis but you can blame him for being a pussy You'd be surprised how popular pussy is.

chomperx9
http://farm4.static.flickr.com/3192/2819434276_b85aca07d2.jpg

Symmetric Chaos
So I just heard that the agreement includes zero ways to increase government revenue.

Faith20
Well Well "we are spending so much on war and nothing on debt payment" why why ten years of war and still no development when this war will come to an end and life of innocent will be given value my take is let them handle their matters and we should solve our own enough of this war against terror it has done nothing except spreading hatred against America.

Darth Jello
Oh it's gonna get worse. No unemployment starting in January, no LEAP, no money for police departments or social services beyond the very basics. Things are gonna get very interesting when desperate people reject the tea party bullshit and start going against the grain while even more desperate people turn to the streets with pipes, bottles, chains, and guns.

King Kandy
Z-4JZ0gE8RE

inimalist
Originally posted by Symmetric Chaos
So I just heard that the agreement includes zero ways to increase government revenue.

pfft, who ever heard of increasing spending to improve economic conditions?

Darth Jello
I think we need a means test for the presidency. Not necessarily based on ideology but one based on some measurement of character and preferably one that weeds out personality disorders. Other than corruption, I feel like the main factors that cripple and corrupt the American Presidency in a post-'60's world are fear for personal and familial safety. If you sit in the office, you should have no fear regardless of what you do because country comes first, your life and family are expendable when it comes to the well being of 300 million people. FDR, Truman, Eisenhower, Kennedy, and even Johnson challenged the status quo but it seems like every liberal president and politician after watched the Zapruder film on a loop and decided to be friends with everyone. I guess this kind of ties in with my comment in the Norway thread that terrorism works as long as people act predictably and respond to their base, weaker instincts.

Mindship
As I understand this, this deal is supposed to reduce the deficit by $2T in 10 years. Since we're, what--$14T in debt, this plan brings us out of debt in...70 years? 2081??

What's the interest rate on this, and how do I get in?

Darth Jello
Originally posted by Mindship
As I understand this, this deal is supposed to reduce the deficit by $2T in 10 years. Since we're, what--$14T in debt, this plan brings us out of debt in...70 years? 2081??

What's the interest rate on this, and how do I get in? Actually, since the bill (for the moment) doesn't renew federal unemployment for 2012, does nothing for jobs, raises no additional revenue and will cost close to 2 million jobs in the next year, expect either the debt to grow or worse. The combination of no jobs, no social mobility, stagnant wages, broke cities, and only one person at homeland security assigned to domestic terrorism is going to make things interesting, and not in a good way.

Mr Parker
Originally posted by Darth Jello
Oh it's gonna get worse. No unemployment starting in January, no LEAP, no money for police departments or social services beyond the very basics. Things are gonna get very interesting when desperate people reject the tea party bullshit and start going against the grain while even more desperate people turn to the streets with pipes, bottles, chains, and guns.

so very true.

Mr Parker
Originally posted by Darth Jello
You can't blame him for the crisis but you can blame him for being a pussy and therefore being complicit in the hostage taking that the national socialists in the tea party are responsible for. I hope he get primaried by someone with a spine and hope against hope and probability that a Democratic Socialist wins the next presidential election and that at the very least, the tea party is swept out of government.

this is a video EVERYBODY at this site should watch.it documents how Obama has not only continued and expanded Bush's policys,he has accelerated them.http://www.youtube.com/watch?v=eAaQNACwaLw

I did not think it was possible to have a president worse than Bush,but Obama is.Should have known better though,go back to 1980 and every president that has gotten in has been worse and more corrupt than the previous one.From here on out,thats the way it will be as long as the american people lay on their behinds and let the politicians keep stripping away our freedoms and liberties.

Obama has lied about everything he said he would do once he got into office.His campaine motto is such a joke.we are change.Yeah thats why he brought in many of Clintons cronies to serve in his administration,the same ones the american people voted out of office.And making HELLARY Clinton secretary of state and keeping on Bush's appointee,the corrupt Robert Gates as defense secretary?Yeah thats real change alright.

Obama is so nauseating.Bush was so transparent you knew what you were getting.Obama has people fooled though he is such a slick talker and peopole warm up to him because of his personality.Biggest fraud of a president ever.

RE: Blaxican
He's also black. Any other criticisms you can make of the man are redundant.

Mindset
Obama save us!

Darth Jello
Yes Obama. Nice work on that pussified "deal" with the GOP. I love nothing more than a market crash on a thursday. The government should mint 20 trillion in precious metal coins, deposit them in the treasury, use it to pay off all debts and extend unemployment, infrastructure, and hiring programs and just tell congress to go **** themselves.

Bernie Sanders for President.

WhiteWitchKing
Obama: Hope to change from a Democrat to Republican. Great civilaztions rise and fall throughout history. I wouldn't be surprise if this nation fell because of economic problems and political discord rather than an invasion of any kind.

dadudemon
I had a conversation about this debt committee and why I think calling it a "super congress" is just plain wrong.

Quark_666
Originally posted by Mindship
What's the interest rate on this, and how do I get in? Buy a savings bond from the government. That's honestly the interest rate. The interest rate sounds serious calculated from the trillions of debt, but it's not usually even keeping up with inflation or economic growth. Crunch the numbers sometime - what would you make overtime investing in a well-diversified mutual fund vs. investing in the government? My strategy would be to make sure the government (a) draws its fair share from the economy (ie. don't let the upper class suck it all up AHEM) and (b) makes sure the economy doesn't go down the drain, which is exactly what people have been labeling as irresponsible lately.

Mr Parker
Originally posted by WhiteWitchKing
Obama: Hope to change from a Democrat to Republican. Great civilaztions rise and fall throughout history. I wouldn't be surprise if this nation fell because of economic problems and political discord rather than an invasion of any kind.
Because of the combined efforts of Bush AND Obama,expect that to happen that we fall to economic problems and political discord.we deserve it though,the american people let it happen.

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