Posts Tagged ‘default’

The Hostage Taker in Chief Issues His Demands

Wednesday, October 9th, 2013

By Craig Andresen on October 9, 2013 at 5:05 am

Let’s get something straight right off the bat here.

There is no reason…NO reason whatsoever to raise the debt ceiling.

None.

We won’t “default” if we don’t raise it and, we SHOULDN’T raise it without some plan to deal, and I mean deal EFFECTIVELY with, the CURRENT, staggering, $17 TRILLION dollar debt.

In 5 years, Obama hasn’t submitted a budget that spends equal to or less than we take in and for most of those 5 years, his budget proposals have been SO absurd as to not garner a single vote in the senate.

NOT EVEN ONE…FROM HIS OWN PARTY!!!

So…Why raise the debt ceiling?

Essentially, raising the debt ceiling would be borrowing MORE money to SPEND without ANY attempt to pay back what has ALREADY been borrowed and providing absolutely NO assurance that SPENDING will be brought under control.

Try doing that with YOUR bank and see what happens.

Try DEMANDING that of your bank.

Walk into your bank and DEMAND that you be given a bigger line of credit with your bank manager KNOWING that you spend more than your income and DEMAND it without ANY strings attached.

RUN YOUR CREDIT CARD TO THE MAX AND THEN demand MORE CREDIT BUT BE SURE TO TELL THEM YOU WON’T BE PAYING IT BACK…Let me know how THAT works out for ya.

You’ll be lucky if they don’t have you committed for a MENTAL examination.

Besides…

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It’s Good for the Goose – SCREW the Gander

Wednesday, January 16th, 2013

By Craig Andresen

Yesterday…The Emperor granted to Pravda and Fox News, a Propaganda Conference.

How nice.

Throughout his telling of lies, The Emperor continually referred to raising the debt ceiling and the Republicans desire NOT to do so, as going to a restaurant and not paying the bill.

Excuse me but…If I didn’t have the money…If YOU didn’t have the money…WE wouldn’t GO to a restaurant for dinner.

At one point, the Emperor actually quoted John Boehner during LAST year’s debt ceiling debate in order to make his point on why there should be no argument about doing it AGAIN.

Ummm…Excuse me AGAIN but…

Back in 2006…The Emperor HIMSELF said…and I quote…

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

I mean if we’re going to bandy about quotes regarding the debt ceiling which is directly relatable to our debt…

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Comically Incorrect: And the Winner Is…

Wednesday, August 3rd, 2011

By A.F. BRANCO

Now, who’s holding whom hostage?

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The Proper Perspective: Whose Fault Is Default?

Wednesday, July 27th, 2011

By LARRY WILKE

Relative to all of the puling taking place from the verminous left and their “leader”, the proper perspective is in order.

Obama (now and forever to be called OWEbama.) came into office claiming that he needed to fix “the mess I inherited.” In placing liberals into higher office, the electorate conceded that the liberals are VASTLY more intelligent than the conservatives. Therefore by flooding Pelosi’s Swamp with the intellectual titans of the left, the “mess” should have been taken care of in no time flat or at least by this time into his sclerotic socialist administration, serious improvements should have been made to this “mess.” The results have proven to be otherwise.

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Anti-Anti Underground Toon: Over the Cliff

Thursday, July 21st, 2011

By ERIN BONSTEEL

President Obama is threatening to withhold Social Security checks if the debt ceiling is not raised.

But, Obama’s irresponsible position on the debt ceiling coupled with tax increases is a threat to every American.

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Ron Paul’s Texas Straight Talk: Debt Ceiling Drama

Monday, July 18th, 2011

The debt ceiling debate is providing plenty of opportunity for political theater in Washington. Proponents of raising the debt ceiling are throwing around the usual scare tactics and misinformation in order to intimidate opponents into accepting more debt and taxes. It is important to distinguish the truth from the propaganda.

First of all, politicians need to understand that without real change default is inevitable.  In fact, default happens every day through monetary policy tricks.  Every time the Federal Reserve engages in more quantitative easing and devalues the dollar, it is defaulting on the American people by eroding their purchasing power and inflating their savings away.  The dollar has lost nearly 50% of its value against gold since 2008.  The Fed claims inflation is 2% or less over the past few years; however economists who compile alternate data show a 9% inflation rate if calculated more traditionally.  Alarmingly, the administration is talking about changing the methodology of the CPI calculation yet again to hide the damage of the government’s policies. Changing the CPI will also enable the government to avoid giving seniors a COLA (cost of living adjustment) on their social security checks, and raise taxes via the hidden means of “bracket creep.”  This is a default.  Just because it is a default on the people and not the banks and foreign holders of our debt does not mean it doesn’t count.

Politicians also need to acknowledge that our debt is unsustainable.  For decades our government has been spending and promising far more than it collects in taxes.  But the problem is not that the people are not taxed enough.  The government has managed to run up $61.6 trillion in unfunded liabilities, which works out to $528,000 per household.  A tax policy that would aim to extract even half that amount of money from American families would be unimaginably draconian, and not unlike attempting to squeeze blood from a turnip.  This is, unequivocally, a spending problem brought about by a dramatically inflated view of the proper role of government in a free society.

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Whose Default Is It Anyway?

Tuesday, July 12th, 2011

By LARRY WILKE

At a time when a proverbial “lid” is placed over the so-called news that comes from “Pelosi’s Swamp,” the political hi-jinks and shenanigans continued over the weekend relative to the public sparring over the raising of the Obama Debt Limit. The weekends in Washington are usually reserved for our “Representatives” to “relax.” The weekends, from the Obama point of view, are for “relaxing” from the exhausting golf and vacation outings taken during the week.

All of the hilarious histrionics center on the “need” for the debt ceiling to be raised so that we do not default on our obligations. Let me clarify that statement so that we know who is at fault.

The debt ceiling MUST be raised because of the Obama nonsense that allegedly produced “jobs” at a cost to the American taxpayer of $267,000.00 a pop. The debt ceiling MUST be raised because Obama HAS done “something big,” which he and his moronic mouthpieces are now calling for. Obama’s “historic” spend and spend and spend-a-thon starting in 2009 has put this urgency in place. From the Scamulous to the Health Scare Scam and everything in between, Obama has come out of the gate doing “something big” and NONE of it has worked.

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