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Pelosi: Obama should unilaterally eliminate the debt ceiling

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posted on Jun, 23 2012 @ 09:38 AM
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reply to post by beezzer
 



People in the housing market, ignored their own debt ceiling! People ignored the fact that their budget couldn't, wouldn't allow for such reckless spending.


That's not fully true. A lot of the people were victims of predatory lending. Even if they paid their house payments on time and never missed any the bank still raised it due to being a non-fixed rate.

It was a huge scam to make the banks get years worth of payments, the property, and a bailout.




posted on Jun, 23 2012 @ 09:54 AM
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From the co-founder of Reaganomics, Paul Craig Roberts.

The Debt Ceiling Raise Is a Hoax




Debt ceiling doesn't fix the economy




edit on 23-6-2012 by RealSpoke because: (no reason given)



posted on Jun, 23 2012 @ 10:47 AM
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Instead of insulting a politician just because it's trendy, why not give, well, you know, actual reasons why this is not such a good idea and have a real discussion instead of an insult fest?



posted on Jun, 23 2012 @ 03:12 PM
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Originally posted by EvilSadamClone
Instead of insulting a politician just because it's trendy, why not give, well, you know, actual reasons why this is not such a good idea and have a real discussion instead of an insult fest?



If you haven't read up on Nurse Ratchets err Nancy's shenanagans all by yourself, why should we bother "enlightening you?"

She has a core base of followers in the Bay Area, and had a roll in public office basically uncontested, and had the Teachers Union back her for re-election more then once.

That's all I'm going to tell ya. You search the rest.



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