Obama on Debt Crisis

Started by Lestov163 pages

Obama on Debt Crisis

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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.

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.

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.

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

lol, care to put money on that?

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.

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.

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.

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?

The American people, various banks, China?

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?

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

kill all the 65 and older people

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

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.

Isn't having all the answers fun?

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.

another Oliver North might be nice, though

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?