Hype

[Phatscotty]

This whole debt ceiling and default debate, this is still in the negotiation stage. Don't get too caught up in what people are saying, as there is a lot of hardball and pussyfooting and wooing and theatricals. Everybody is doing it and everyone is taking a hard stance and that is because they are negotiating. You don't tell someone what your cave point is or where you will compromise until the deal is ready to be looked at, so don't get too twisted out of shape about what people are saying because they are just playing the media and the voters as well. So far there are only 2 plans. The Boehner plan and the Reid plan. Nobody can say for sure what they are though because they haven't been officially proposed or voted on (except cut, cap n balance, which the Senate voted down on a party line vote 51-46 with no debate).

Judge the process by the results when a deal is struck or not struck. It seems like the debate/process is going to get OJ'd with far too many people deciding who is guilty before we even see how someone voted on any specific plan.

There are some serious scare tactics and finger pointing going on and threats are being leveled and people are getting all riled up and combative. Don't believe all the hype and just know where you stand.

Are you for more debt? Or against more debt?
Are you for more spending? or against more spending?
For tax increases? or against tax increases?

[codeblue1018]

This whole debt ceiling and default debate, this is still in the negotiation stage. Don't get too caught up in what people are saying, as there is a lot of hardball and pussyfooting and wooing and theatricals. Everybody is doing it and everyone is taking a hard stance and that is because they are negotiating. You don't tell someone what your cave point is or where you will compromise until the deal is ready to be looked at, so don't get too twisted out of shape about what people are saying because they are just playing the media and the voters as well. So far there are only 2 plans. The Boehner plan and the Reid plan. Nobody can say for sure what they are though because they haven't been officially proposed or voted on (except cut, cap n balance, which the Senate voted down on a party line vote 51-46 with no debate).

Judge the process by the results when a deal is struck or not struck. It seems like the debate/process is going to get OJ'd with far too many people deciding who is guilty before we even see how someone voted on any specific plan.

There are some serious scare tactics and finger pointing going on and threats are being leveled and people are getting all riled up and combative. Don't believe all the hype and just know where you stand.

Are you for more debt? Or against more debt?
Are you for more spending? or against more spending?
For tax increases? or against tax increases?

I, prolly like most are in favor of balancing the budget and tackling the debt issue. This would encompass halting new spending and cutting the already absurd federal budget. As far as the raising the debt ceiling, no! Bottom line, the fed will not go into default; don't believe all the hype; it won't happen - it would be catatrosphic world wide. The government has plenty of cash on hand to pay the interest on the debt, no problem. With a revenue of 2.5 billion a month; do the math.

[Phatscotty]

I know but the Senate wont even allow debate on that bill and Obama calls it "silly" and says he won't sign it. That does not however dictate to The House what kind of bill they are going to send him.

The House has to pass a bill based on what can pass in The House, not what the president says he will or won't sign.

[mikeMakhno]

It's all a dog-and-pony show to implement "Shock Capitalism."

Any fool can see the budget could be balanced easily by;
(a) taxing the rich
(b) slashing military spending (ending the Imperial Wars)

But this ain't gonna happen.

[chang50]

It's all a dog-and-pony show to implement "Shock Capitalism."

Any fool can see the budget could be balanced easily by;
(a) taxing the rich
(b) slashing military spending (ending the Imperial Wars)

But this ain't gonna happen.

You are right of course,bet your reference to imperial wars is popular..

[Night Strike]

It's all a dog-and-pony show to implement "Shock Capitalism."

Any fool can see the budget could be balanced easily by;
(a) taxing the rich
(b) slashing military spending (ending the Imperial Wars)

But this ain't gonna happen.

No, you can't balance the budget on the rich. I believe the numbers are such that if you taxed every dollar over $1 million at a 100% rate, the government would only gain enough money to fund the government for less than 2 months. The problem is too much spending, not the rich paying enough.

[General_Tao]

It's a bit of both of course. The super-high tax brackets should be closer to 40% rather than the Bush-mandated 25%.

[Night Strike]

It's a bit of both of course. The super-high tax brackets should be closer to 40% rather than the Bush-mandated 25%.

They are...........they're at 35%.

[jimboston]

It's all a dog-and-pony show to implement "Shock Capitalism."

Any fool can see the budget could be balanced easily by;
(a) taxing the rich
(b) slashing military spending (ending the Imperial Wars)

But this ain't gonna happen.

Please define what you mean here?

[jimboston]

Are you for more debt? Or against more debt?
Are you for more spending? or against more spending?
For tax increases? or against tax increases?

I am...

-> Against more debt in the long term, but recognized we need to keep current with existing obligations.

-> Against more spending... we need to slow spending and cut cut cut.

-> Against higher taxes... I think we should cut rates. I would also be cool with reducing or eliminating deductions.

All that said... the Debt Limit problem is real. The deadline might not be 8/2... but it is real and we will have a serious problem if we don't do something.

[Phatscotty]

Dealing with the debt limit sooner rather than later is essential.

Now you know why I was so against socialized healthcare. I was in tune with the balance sheet of America, and most of our leaders were clueless.