Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 1

[NYcarbineer]

As for any of you who are claiming that repealing Obamacare is what needs to be done regarding the deficit,

remember,

when you repeal Obamacare, you also repeal the taxes that are funding Obamacare,

so your net impact on the deficit is minimal, if at all.

obamacare needs to be repealed because it is bad law and the american people do not want it and can't afford it.

There would be tremendous savings and the debt situation would improve somewhat---obviously that is not the only thing that needs to be done.

That is not the topic. The topic is keeping under the current debt ceiling.

Less than 40% of Americans want Obamacare repealed. That is not 'the American people'.

 

[Stephanie]

they should hang a sign around his neck that say's, I'm a liar

 

[Redfish]

With a trillion dollar annual deficit,

that averages out to about 82 billion a month added to the debt. Once you have to stop adding debt

you have to come up with 82 billion a month in spending cuts.

Which Republican who's opposing a debt ceiling freeze has laid out those cuts,

in detail?

so whats your solution? just keep spending, go further in debt, destroy the economy? What do you think should be done?

 

[Lonestar_logic]

As for any of you who are claiming that repealing Obamacare is what needs to be done regarding the deficit,

remember,

when you repeal Obamacare, you also repeal the taxes that are funding Obamacare,

so your net impact on the deficit is minimal, if at all.

Another dishonest post.

 

[Redfish]

As for any of you who are claiming that repealing Obamacare is what needs to be done regarding the deficit,

remember,

when you repeal Obamacare, you also repeal the taxes that are funding Obamacare,

so your net impact on the deficit is minimal, if at all.

obamacare needs to be repealed because it is bad law and the american people do not want it and can't afford it.

There would be tremendous savings and the debt situation would improve somewhat---obviously that is not the only thing that needs to be done.

That is not the topic. The topic is keeping under the current debt ceiling.

Less than 40% of Americans want Obamacare repealed. That is not 'the American people'.

gallop had it at 67% wanting it repealed. clearly a majority-----------including the unions who were lied to about how it would affect them.

 

[Bern80]

As for any of you who are claiming that repealing Obamacare is what needs to be done regarding the deficit,

remember,

when you repeal Obamacare, you also repeal the taxes that are funding Obamacare,

so your net impact on the deficit is minimal, if at all.

I would agree. The defecit and debt certainly don't need to be excuses for repealing it. There are plenty of reasons well before that culminating in the fact that it's a just plain bad piece of legislation.

 

[NYcarbineer]

I did, a couple of days ago. Cut all govt programs by 1/3. all of them, every one. or they could be selective and do away with unnecessary spending, someone earlier gave 50 examples to spending that could be stopped.

its really simple, the country cannot continue to spend a trillion a year more than it takes in. it has to stop or we are fiscally ruined.

Who are the real-life real-world legislators proposing what you're proposing?

You know that not one Republican would vote for a 1/3rd cut in defense, and not one Democrat would vote for a 1/3rd cut in Medicare/Medicaid.

And your plan doesn't work right out of the gate because we can't default on the interest payment on our debt (unless we've truly gone insane)

so that 400 billion dollar a year program can't be cut by a third, so every other program would have to be cut by that much more.

This is all idle fantasy by a bunch of extremist real world deniers, like you.

you asked for a solution, I gave you one, just because no one in congress has the balls to do what is needed does not make it a bad solution.

you are right about the interest on the debt, it must be paid in full, so the cuts will have to come from everything else after the interest on the debt is paid.

we have gotten ourselves in a real mess, its going to hurt everyone to fix it. But since congress is there for life at very good salaries and benefits, they won't risk losing votes doing what is right. sad but true.

A plan that is not doable is not a solution. It's a fantasy. I told you that the last time you ran in this nonsense.

No one here has a workable plan to cope with freezing the debt ceiling where it currently is,

so reasonable people should stop talking about it as if there is a workable plan.

 

[NYcarbineer]

As for any of you who are claiming that repealing Obamacare is what needs to be done regarding the deficit,

remember,

when you repeal Obamacare, you also repeal the taxes that are funding Obamacare,

so your net impact on the deficit is minimal, if at all.

Another dishonest post.

You can call me a liar all you want, but if you can't prove it, you're just one more jabbering monkey.

 

[Bern80]

With a trillion dollar annual deficit,

that averages out to about 82 billion a month added to the debt. Once you have to stop adding debt

you have to come up with 82 billion a month in spending cuts.

Which Republican who's opposing a debt ceiling freeze has laid out those cuts,

in detail?

When are you libs gonna learn this never works as a reasonable argument? It's generally always the same thing 'you say it's wrong, but a republican did it, so it actually okay'. WRONG. It's wrong no matter who does it. The fact that republicans haven't offered a real solution doesn't change the fact that it still needs to be addressed.

 

[Luddly Neddite]

With a trillion dollar annual deficit,

that averages out to about 82 billion a month added to the debt. Once you have to stop adding debt

you have to come up with 82 billion a month in spending cuts.

Which Republican who's opposing a debt ceiling freeze has laid out those cuts,

in detail?

When are you libs gonna learn this never works as a reasonable argument? It's generally always the same thing 'you say it's wrong, but a republican did it, so it actually okay'. WRONG. It's wrong no matter who does it. The fact that republicans haven't offered a real solution doesn't change the fact that it still needs to be addressed.

Considering that your sig is

It's time for another Ronny in the White House.

, you really shouldn't be talking about fiscal responsibility.

Or do you mean a different Ronnie that than the one who raised taxes 11 times while putting us deeper in debt than all the presidents before him combined?

 

[Rebelitarian]

The American Dream Film-Full Length

The Money Masters.

Youtube these two movies and come to realize that all money is created out of thin air and the debt is nothing more that CODE for banker slavery.

 

[Bern80]

With a trillion dollar annual deficit,

that averages out to about 82 billion a month added to the debt. Once you have to stop adding debt

you have to come up with 82 billion a month in spending cuts.

Which Republican who's opposing a debt ceiling freeze has laid out those cuts,

in detail?

When are you libs gonna learn this never works as a reasonable argument? It's generally always the same thing 'you say it's wrong, but a republican did it, so it actually okay'. WRONG. It's wrong no matter who does it. The fact that republicans haven't offered a real solution doesn't change the fact that it still needs to be addressed.

Considering that your sig is

It's time for another Ronny in the White House.

, you really shouldn't be talking about fiscal responsibility.

Or do you mean a different Ronnie that than the one who raised taxes 11 times while putting us deeper in debt than all the presidents before him combined?

Not that Ronnie.

 

[Bern80]

Who are the real-life real-world legislators proposing what you're proposing?

You know that not one Republican would vote for a 1/3rd cut in defense, and not one Democrat would vote for a 1/3rd cut in Medicare/Medicaid.

And your plan doesn't work right out of the gate because we can't default on the interest payment on our debt (unless we've truly gone insane)

so that 400 billion dollar a year program can't be cut by a third, so every other program would have to be cut by that much more.

This is all idle fantasy by a bunch of extremist real world deniers, like you.

you asked for a solution, I gave you one, just because no one in congress has the balls to do what is needed does not make it a bad solution.

you are right about the interest on the debt, it must be paid in full, so the cuts will have to come from everything else after the interest on the debt is paid.

we have gotten ourselves in a real mess, its going to hurt everyone to fix it. But since congress is there for life at very good salaries and benefits, they won't risk losing votes doing what is right. sad but true.

A plan that is not doable is not a solution. It's a fantasy. I told you that the last time you ran in this nonsense.

No one here has a workable plan to cope with freezing the debt ceiling where it currently is,

so reasonable people should stop talking about it as if there is a workable plan.

I actually think I have a fairly simple solution though again there is probably no politician will to do it. Basically it involves slashing government spending of course. Not getting too specific, but our military spending could be cut in half or more along with plenty of other things. Coupled with converting to a flat tax of somwhere between 15-20% on all income no matter how derived and elimination of all credits, deductions, loopholes, etc. I would bet the government would be taking in more money than it does now. increasing revenue that way and slashing spending we would be out of debt in no time. And keep in mind our debt doesn't have to be, nor should it be zero. Some debt is an okay and even good thing sometimes.

 

[deltex1]

Wouldn't it be great if the MSM would scrutinize obabbles answers to questions as closely as they are Assad's?

 

[Foxfyre]

Let me guess. Obama went into law because he couldn't pass math? Or history? And the curriculum didn't require any coursework on economics?

 

[Rambunctious]

With Marxist-Leninist economics, the greatest damage is always done to the middle class. With his traditional bloodthirsty truculence, Lenin said, “The way to crush the bourgeoisie [middle class] is to grind them between the millstones of taxation and inflation.”

You may suppose that Obama isn’t implementing that aspect of Marxist-Leninist economics, but you would be mistaken. Obama’s unprecedented deficit spending has been subsidized by the Federal Reserve, whose balance sheet has swelled as they have bought more and more federal debt (more than 60 percent of the total last year). Whenever the Fed’s zero interest rate policy ends, some combination of massive tax hikes and/or raging inflation will ensue, devastating the middle class.

 

[RandallFlagg]

The guy is totally ignorant on how the govt works.

If only ignorance was a basis for impeachment.

maybe he can get a corpseman from one of the 57 states to explain it to him

Actually, you and I disagree on this point. Barry is NOT ignorant on how this government works. Far from it. I personally believe that from day one, Barry has striven to bankrupt our system in order to "build it back up" in his "quasi-socialism/communism" model that his Father (Frank Marshall Davis) beat into his little head.

57 million on social programs. No jobs. No infrastructure. No economy. The Fed propping up the economy by buying 85 BILLION in bonds each MONTH. Government takeover of healthcare. No hope. Just more government spending as fast as it can spend - so it can spend more.

Anyone out there that doesn't believe that this is by design is suffering sorely from childish naïveté.

 

[Lonestar_logic]

As for any of you who are claiming that repealing Obamacare is what needs to be done regarding the deficit,

remember,

when you repeal Obamacare, you also repeal the taxes that are funding Obamacare,

so your net impact on the deficit is minimal, if at all.

Another dishonest post.

You can call me a liar all you want, but if you can't prove it, you're just one more jabbering monkey.

The onus is on you to prove your claims.

 

[NYcarbineer]

Another dishonest post.

You can call me a liar all you want, but if you can't prove it, you're just one more jabbering monkey.

The onus is on you to prove your claims.

Do I need to prove to you that there were taxes in the Affordable Care Act?

Why?

 

[NYcarbineer]

you asked for a solution, I gave you one, just because no one in congress has the balls to do what is needed does not make it a bad solution.

you are right about the interest on the debt, it must be paid in full, so the cuts will have to come from everything else after the interest on the debt is paid.

we have gotten ourselves in a real mess, its going to hurt everyone to fix it. But since congress is there for life at very good salaries and benefits, they won't risk losing votes doing what is right. sad but true.

A plan that is not doable is not a solution. It's a fantasy. I told you that the last time you ran in this nonsense.

No one here has a workable plan to cope with freezing the debt ceiling where it currently is,

so reasonable people should stop talking about it as if there is a workable plan.

I actually think I have a fairly simple solution though again there is probably no politician will to do it. Basically it involves slashing government spending of course. Not getting too specific, but our military spending could be cut in half or more along with plenty of other things. Coupled with converting to a flat tax of somwhere between 15-20% on all income no matter how derived and elimination of all credits, deductions, loopholes, etc. I would bet the government would be taking in more money than it does now. increasing revenue that way and slashing spending we would be out of debt in no time. And keep in mind our debt doesn't have to be, nor should it be zero. Some debt is an okay and even good thing sometimes.

The only 'doable' thing at this point is do nothing, because Congress and the presidency are in a mutual death grip of paralysis.

btw, Paul Ryan never proposed a budget that could have avoided debt ceiling increases,

why are these radical Republicans now insisting that the Democrats sign onto something that even the GOP effectively acknowledged was impossible?