My credit card should have infinity credit limit!

Sometimes you have to spend more to get a return. Most people don't understand the complexities of economics, which is why they compare the budget of a first world country to their bank accounts and cc statements.

reply to post by burdman30ott6


There definitely should be "spoils of war"... other than clandestine agreements on oil production and stuff like that. When we went to Iraq (which I didn't agree with), after Saddam was killed, we should have gained control of Iraq. We conquered them, they were ours.

That would definitely prevent any of the uprisings that are occuring now. They don't want to lose their country and wealth, and they know we can beat them. It would solve a lot of problems.

.... I'm grumpy, I probably won't agree with myself tomorrow....

reply to post by tothetenthpower


So its symbolic one way, but binding in another? You can't have it both ways tenth. By seeking to continually "raising" the debt ceiling, we are ignoring the problem and it isn't a revenue problem, its a spending problem.

reply to post by neo96


Plus there's that Cloward/Piven strategy designed to break the system so they can ride in with new socialist bureacratic Statist control. After having watched DSouza's movie "2016", I'm even more convinced that that is what this current POTUS is trying to do.

Boehner better not cave in his little effort to appear bi-partisan. It's just stupidity not to stop spending all across the board in everything but the most necessary stuff.

reply to post by neo96


oopsie double post.

reply to post by ThirdEyeofHorus


And you believe everything you heard in this movie? Of course, someone that made a movie like that must be telling the truth in the proper context.

Let me know when the Right starts to actually put it's money behind their rhetoric. Otherwise they are just playing politics and will spend just as they always have.

Originally posted by beezzer

Originally posted by Iwinder
Wonderful idea I am off to shop till I drop and then when we get the bill with 26 % interest tacked on I am sure to drop big time.

Thanks for bringing this information to the table and it is very worrisome to say the least.

Regards, Iwinder

It's the first step to what will be a progressive nation.

An Obamanation.

I thought I was the only one who actually uses the "P" word on ATS. Bravo for saying it like it is. The progressives have infiltrated both parties and are going to run us into a brick wall in the next 5 years.




We are truly screwed.

reply to post by SubTruth


Oh crap! You mean the progressives have infiltrated the dark reaches of the Republican party as well.......trying to force social justice on us all and shove granola bars down our throats while we dance around rainbows and unicorns?

Get real!

The progressives have done no such thing and they are a threat to no one!

This is just more uninformed scare-tactics at work.

Originally posted by sheepslayer247
reply to post by SubTruth

 

Oh crap! You mean the progressives have infiltrated the dark reaches of the Republican party as well.......trying to force social justice on us all and shove granola bars down our throats while we dance around rainbows and unicorns?

Get real!

The progressives have done no such thing and they are a threat to no one!

This is just more uninformed scare-tactics at work.

Not at all. Progressives have infiltrated every aspect of government.

I firmly believe that it is the progressives that are to blame for the change from leadership to nanny state thinking in DC.

Wanna know how much BS the whole "fiscal cliff theatre" is?

For years the people who control 2/3rds of government cried about spending, and when they controlled all 3 branches they could have easliy raised tax rates, and passed all the legislation they wanted.

But they chose not to.

Think bout that.

reply to post by neo96


NO ONE can say that one Party hasn't controlled its fair share of Congress.
Its what the "majority" does, or lack of that gets me upset. Nothing has been done to avoid the mess we are in, except create more mess.

Originally posted by tothetenthpower
reply to post by beezzer

 

Why do people think that raising the debt ceiling = spending?

I don't really understand. The Debt Ceiling is symbolic, it does not mean automatic spending. It just means that the government has now the option of spending said money in the budget as approved by Congress.

NOT raising the debt ceiling is effectively holding your economy hostage and is NONSENSE to anybody who understands economic policy and who is of moral and sound mind.

Yes cut spending, yes raise revenue. Don't allow the US to default on debt because it's politicians are TOO STUPID to do anything else.

~Tenth

Might you be so kind as to tell me what spending Obama is cutting while asking for an unlimited debt ceiling?

Originally posted by sheepslayer247
reply to post by SubTruth

 

Oh crap! You mean the progressives have infiltrated the dark reaches of the Republican party as well.......trying to force social justice on us all and shove granola bars down our throats while we dance around rainbows and unicorns?

Get real!

The progressives have done no such thing and they are a threat to no one!

This is just more uninformed scare-tactics at work.

I have a very easy way to prove what I am saying. Remember Ron Paul and what both parties did to him if you cant find some simple truths in that I feel for ya.



Another good way to see the progressive movement is control. Are both parties for more control? That is why both sides attacked Mr. Paul.




Also I will say it again Hitler loved the early American progressive movement. He was a man of the people and so are the progressives. Progressives are for group rights not individual.

Yes... the debt ceiling is "symbolic", in the sense it doesn't mean jack diddly squat because the moment they get close to the debt ceiling they'll just raise it again. And that is the real point I think, there is no limit to how far they can take it. It's an infinite credit limit. If they need some more money they can just call up the Federal Reserve and trade some bonds (debt). The Federal Reserve will always comply with such requests because they just have to print some pretty looking paper and in return the Government goes into debt to them, it's the perfect trade from their perspective.

The Government can borrow as much as they want, through this process of debt monetization (trading debt for new Fed notes). But it's far from free money. Not only is there an interest fee attached to those loans from the Federal Reserve, which builds up and up with every dollar they borrow, but the simple process of borrowing new money created out of thin air and then injecting it into the money supply has vast inflationary effects which are the prime cause of rising prices. It's nothing less than a spiral of insanity carefully implemented by the bankers over 100 years ago.

Originally posted by nixie_nox
Sometimes you have to spend more to get a return. Most people don't understand the complexities of economics, which is why they compare the budget of a first world country to their bank accounts and cc statements.

lol... seriously? That's how you're going to justify it? So when will all this outrageous spending pay off? What exactly is the super awesome business plan designed to make all this spending worth while? Where is this mysterious return you speak of? Haha... you and me both know there is no such plan and there will be no such return. They are borrowing because they are spending way more than they have, it's as simple as that... not because they have some genius plan for the money they borrow.

If they had a genius plan they wouldn't be in a spot where they continuously need to borrow more and more money just to keep their heads above water. How laughable your perspective is. It is perfectly valid to compare a private credit limit with a Government limit, because ultimately both entities must live within their means. There is a breaking point for everything. The Government no longer understands how to live within their budget range, and as a result they are leading us all towards the edge of a financial cliff.

reply to post by beezzer


Hey bud, Pelosi must have read your thread!!

House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that Congress should hand over to President Barack Obama the power to unilateral increase the limit on the U.S. government's debt.

In effect, under the plan Pelosi is endorsing, the only limit on the national debt would be President Obama's willingness to borrow money in the name of American taxpayers.

At a Friday press conference, a reporter asked Pelosi if she agreed with a proposal made by Treasury Secretary Timothy Geithner that Congress give Obama the power to unilaterally increase the debt limit.

"Yes," she said.

That pesky constitution keeps getting in the way. Oh.... they'll just ignore it

The Constitution expressly gives the power to borrow money to Congress--not the president. Article 1, Section 8, Clause 2 says: "Congress shall have power ... To borrow money on the credit of the United States."

cnsnews.com...

Where has all the money gone from the last increase of $2.4 trillion... wow!! They only have $110 billion left to spend... Run a company like that and you're out on your arse! and your career is over..

Originally posted by beezzer
I called the bank today after reading a story from Reuters.

Seems that if Obama is trying to pass legislation to give his administration an unlimited credit limit (by abolishing the debt ceiling) then we should all have one also!

The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

So spend your heart out America! It's a new day! A new dawn! Spend then don't worry about paying it back! We'll get some rich SOB to pay the bill!

(mods, if you feel that this belongs in Rants, then I will be angry and yell at lawn furniture)

edit on 30-11-2012 by beezzer because: (no reason given)

There's only one problem with your ideology! There is noone that can force the US government to pay the debt they accumulate but unfortunately if we can't pay we will end up in bankruptcy court! I think we would be better off not borrowing, as this would cause the system to collapse that much faster! May I also remind all of you that the debt game is what caused us all to get into the mess we are all in now! Also to spend as little monies as possible! If we all did this we would all end up in the same boat and the end game would come about that much faster!

reply to post by sonnny1


A lot has been done to create a "crisis" so they can offer the "solution".

Rinse and repeat.

Never letting a good crisis go to waste?

eliminate the debt ceiling something they would have never allowed that last fearless leader to have that much power,.

Originally posted by nixie_nox
Sometimes you have to spend more to get a return. Most people don't understand the complexities of economics, which is why they compare the budget of a first world country to their bank accounts and cc statements.

I do believe you missed the OP's point entirely.

Originally posted by beezzer
Seems that if Obama is trying to pass legislation to give his administration an unlimited credit limit (by abolishing the debt ceiling) then we should all have one also!

You mean you don't have unlimited credit. I do its awesome!

I just spend what I think I need for the family regardless of what I make. I borrow money to give to the neighbors and the poor and causes I like - they see me as a very generous man. The thing is the jokes on them because it's their money anyway...classic.

Barrack Obama will drive the US into the toilet and the "people" will love him for it. Sad state of affairs.