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To me, this shows that they have already caved and hopefully will drop this ridiculous stunt and actually do their job.
StallionDuck
With all the BS about the shutdown being the GOP's fault, plastered on every news channel but Fox, maybe they've figured that it's pointless to go after that tactic anymore. According to much of the main stream news and the papers, and the magazines, the shutdown is all the Republicans fault.
Other than here, I suppose no one else really get's it.
I guess they're trying to play a different hand, now.
Ah the tired debt ratio argument. The argument that we can have a debt as high as we want as long as GDP is high enough. This despite GDP calculations can take into account the same dollar multiple times (meaning it would be physically impossible to take the nation's entire yearly GDP and pay the debt with it). Ignoring the fact that a country should have a debt to GDP ratio of about 40% (ours is over two times that), this is a weak judge of a healthy economy. Not to mention we don't pay the debt with our GDP, we pay it with our taxes. So your analogy is kind of misinformed.
Also one last point. If you honestly believe that we have a healthy economy, than you are surely a lost soul who has been blinded by the Democratic party's rhetoric. Since we don't have a healthy economy, then one can come to the conclusion that the economy needs fixing. This should just be standard knowledge, not something "interesting".
GrantedBail
This fight was never over the ACA. That was all just red meat for their crazy religious right base. This is all about getting the cuts to entitlement programs that the hard right and the billionaires in the country have been drooling over for years.
This is the crazy base of these Tea Baggers:
edit on 10-10-2013 by GrantedBail because: (no reason given)
Lol if the Debt ceiling was not raised and the Government started to lay off workers and restrict access to memorials and national parks which require government workers, t
First off, I'm not a Republican and therefore not a Tea Partier. I am a Libertarian, so when talking to me, you may want to drop the TP label you are using.
GDP isn't (and more importantly can't be) used to repay any debt whatsoever.
how can we need to inject $85 billion a month into the economy to keep in afloat? You know because if we stop then the low interest payment we are paying on our debt would shoot back up to its traditional 5+% and we'd be unable to service the debt.
How is it that unemployment is so crappy right now? Notice in that link that u-6 is 13.7%, almost double the lie that is U-3 (the nationally reported number). And u-6 doesn't even take into account the real unemployment.
Why is the wealth gap higher than ever? You'd think with a healthy economy everyone in the country should be enjoying a good standard of living not just the super rich.
To answer your question about which countries I think have healthy economies, I'd say that the only one I can think of is Iceland.
Seriously, you need to stop hanging on the Democrats' every word. They have been lying to you for the last 5 years. Don't worry, the Republicans are no better, if they were in charge they'd be telling the same or similar lies. You need to wake up, everything is NOT fine. We cannot continue to do what we are doing indefinitely. We need to slow down our spending and pay off some of this debt.
AlienScience
They dropped "defunding Obamacare" before the shutdown even happened. It went from Republicans saying "Defund Obamacare, Remove Medical Device Tax, and Delay the individual mandate or we will shut down the government" to "Well ok, forget about the defunding...but still remove the tax and delay it a year"....to "How about just delay it?"...to now just completely changing the narrative and saying "This was all about fiscal responsibility".
Well, it would seem to me, based on your quote, the Republicans are the only ones negotiating! BTW, it is the House that holds the purse strings, not the Senate. Therefore, if the House did not want to fund Obamacare, then they should not have to.
Obamacare can be the "law", as you put it, but that doesn't mean that it is funded, or that it will be funded in the future. We have many "laws" that are not funded.
In following the debates over raising the US debt ceiling, I’m struck by the frequent claim that defaulting on public debt is unthinkable because of the “signal” that would send. If you can’t rely on the T-bill, what can you rely on? Debt instruments backed by the “full faith and credit” of the United States are supposed to be risk-free — almost magically so — somehow transcending the vagaries of ordinary debt markets. The Treasury bill, in other words, has become a myth and symbol, just like the US Constitution.
I find this line of reasoning unpersuasive. A T-bill is a bond just like any other bond. Corporations, municipalities, and other issuers default on bonds all the time, and the results are hardly catastrophic.
Financial markets have been restructuring debt for many centuries, and they’ve gotten pretty good at it. From the discussion regarding T-bills, you’d think no one had ever heard of default-risk premiums before. (Interestingly, this seems to be a case of American exceptionalism: people aren’t particularly happy about Greek, Irish, and Portuguese defaults, but no one thinks the world will end because of them.)
Between 1841 and 1843 eight states and one territory defaulted on their obligations, and by the end of the decade four states and one territory had repudiated all or part of their debts. These debts are properly seen as sovereign debts both because the United States Constitution precludes suits against states to enforce the payment of debts, and because most of the state debts were held by residents of other states and other countries (primarily Britain). ...
In spite of the inability of the foreign creditors to impose direct sanctions, most U.S. states repaid their debts. It appears that states repaid in order to maintain their access to international capital markets, much like in reputational models. The states that repaid were able to borrow more in the years leading up to the Civil War, while those that did not repay were, for the most part, unable to do so. States that defaulted temporarily were able to regain access to the credit market by settling their old debts. More surprisingly, two states that repudiated a part of their debt were able to regain access to capital markets after servicing the remainder of their debt for a time.
The reason the Republicans are dropping the Obamacare mantra is because they got a memo...
GrantedBail
Anyone else notice the GOP has dropped the ACA (Obamacare) Rhetoric and Demands?