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Comments on Look! Presidential Economic Terrorism!
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User Info Look! Presidential Economic Terrorism! in forum [Market-Ticker]
Genesis
Posts: 130740
Incept: 2007-06-26
Admin A True American Patriot!
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It is not a trust fund. You've been here since '07 and are just figuring this out now? smiley

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Eaglewwit
Posts: 6054
Incept: 2007-11-30
Green
SoCal
Banned
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Note my use of the word alleged Gen.
Widgeon
Posts: 13481
Incept: 2007-08-30
Green
Region formerly known as the United States
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Is it Wrong of Me to want to see Stuttering Hank in Moments Like These?

Mortgageguymn
Posts: 1565
Incept: 2009-03-09
Green
North Coast
Online
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Hope house republicans don't fall for McConnell's treasonous suggestion.
Gantww
Posts: 542
Incept: 2011-04-22
Green
Nashville, TN
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Quote:

C'mon, that's all the other side of the aisle has? Obama just ratcheted things up in a huge way. Surely the R's must have a bazooka of their own...


Birth certificate, gunwalker, Holder ignoring voter intimidation, defacto amnesty etc. When those come to light, old Bammy will say that the Republicans are focusing on unimportant things while the country goes broke. His presidency has a better chance of avoiding impeachment if this thing goes to the wall, as he still has a chance to pretend to be the hero if it does.
Widgeon
Posts: 13481
Incept: 2007-08-30
Green
Region formerly known as the United States
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BBBBB' But ... I Killed Bin Laden.

Remember?



Superdude
Posts: 278
Incept: 2009-06-16

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Oh Noes! Please Raid my 401k to fund Social Security!
Marketswork
Posts: 2320
Incept: 2009-02-27
Green
Southern Oregon
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Republicans best move is not to make one. Sit on your hands and let this man, er, hang himself with the words from the teleprompter.

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William Wallace enters history when he assassinated William de Heselrig, the English High Sheriff of Lanark, in May 1297.
Over 300 million guns and over 1 trillion rounds of ammo, 535 pricks are pushing the buttons of 300 million or more free gun owning people. --I don't like the odds for those pricks.

Jinxx0r
Posts: 4230
Incept: 2007-08-10
Silver
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Blairkiel
Posts: 1344
Incept: 2009-08-25
Green
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Mitch is bailing

http://www.redstate.com/erick/2011/07/12....
image

Consider the Associated Press’s headline right now: “GOP Leader McConnell proposes giving Obama new power for automatic debt limit increase”

————————————

Mitch McConnell is right now talking about making a historic capitulation. So fearful of being blamed for a default, McConnell is proposing a compromise that lets Barack Obama raise the debt ceiling without making any spending cuts at all.

Consider sending McConnell a weasel as testament to his treachery. His address is 601 W. Broadway, Room 630, Louisville, KY 40202 and the phone number is (502) 582-6304.

McConnell’s idea is to make the debt ceiling automatic unless Congress, by a 2/3 vote blocks the increase. Oh yes, he put a salve on it by dressing it up in tough talk that, to quote the Wall Street Journal, “[a] ‘eal solution’ to U.S. fiscal problems isn’t possible as long as President Barack Obama remains in office.” So since no “real solution” is possible, McConnell proposes to go Pontius Pilate and wash his hands of spending, blaming Obama while doing nothing himself.

Here is how the plan would work.

In a nutshell, the President would get to raise the debt ceiling three times in the next year at several billion bucks a pop without making any spending cuts unless two-thirds of both houses of Congress disagree. In his press conference, McConnell says he would not give the President “unilateral authority to make spending cuts on his own,” but this plan would allow the President to raise the debt ceiling pretty much automatically.As the Politico notes,

Senate Republicans are actively pursuing a new plan under which the debt ceiling would grow in three increments over the remainder of this Congress unless lawmakers approve a veto-proof resolution of disapproval.

In effect lawmakers would be surrendering the very power of approval that the GOP has used to force the debt crisis now. But by taking the disapproval route, Republicans can shift the onus more onto the White House and Democrats since a two-thirds majority will be needed to stop any increase that President Barack Obama requests.

Yes, instead of putting the burden on the White House, McConnell would make it damn near impossible to block a debt ceiling increase. We’ve seen this before. The House once had the Gephardt rule that required the debt ceiling vote be attached to a more popular measure so members of Congress could escape a tough vote.

Consequently, the debt ceiling has gone up to $14 trillion without Congress ever having to make a tough choice about debt.

And now Mitch McConnell wants to make it even easier by allowing Congress to go through a dog and pony show of feigned cuts that never get cut while allowing escalation of our national debt. So much for accusing Barack Obama of smoke and mirrors.

2014 cannot come soon enough to destroy the political future of this weasel.

Consider sending McConnell a weasel as testament to his treachery. His address is 601 W. Broadway, Room 630, Louisville, KY 40202 and the phone number is (502) 582-6304.

———————————–

Updated again: Changed to title to something less incendiary. I still encourage weasels be mailed.

UPDATE: Some of the most willfully ignorant and willfully naive McConnell supporters are coming out of the woodwork to say this is not *the* plan, but a contingency plan if *the* plan can’t be agreed to. So let’s get this straight: if Democrats won’t agree to make spending cuts, we’ll fall back to the contingency where they get to raise the debt ceiling without making spending cuts.

That’s not a contingency, that’s handing the Democrats a silver platter.
Lordhumongous
Posts: 4279
Incept: 2008-09-29
Green
USA
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The Republican contingency plan is to double down on their primary plan to sell out the country.
Docj
Posts: 998
Incept: 2009-09-10
Silver
Duck & Cover
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Lame - this is just the logical next evolution of the Democrats time-tested "Those Wascally Wepubwicans want to starve the old and push granny off a cliff in a wheelchair so their rich fat-cat buddies can light their cigars with $100 bills" tripe that has worked electorally for them, basically but for a very few hitches along the way, forever.

Oh, and if this report on McConnell is correct it's all the validation I will ever need as to why I left the GOP for good last year. There is only so much serial stupid one can take.

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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
Swordsman
Posts: 95
Incept: 2009-01-10

Las Cruces, New Mexico
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The August 3rd threat of no Social Security checks is bogus. The checks go out via electronic deposit on the 1st of the month. So August 1st the money goes out and they still have 31 days to kick the can.
Happytrails
Posts: 159
Incept: 2008-10-24
Gold
Northern California
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Email this snake right now:

http://mcconnell.senate.gov/public/index....

Here's my email:

Don't you dare cave in just because Obama played the Social Security scare game. As a lifelong Republican, I have observed the GOP leadership sell out again and again. This R vs D dog and pony show is designed to keep the voters ignorant while Congress bleeds us dry. CUT SPENDING NOW or this country is doomed.

His form makes sure you can't rant for long.
Bertdilbert
Posts: 2661
Incept: 2008-12-22
Gold
CA
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And this is the jackass that insisted on the SS employee payroll tax holiday and wants and employer holiday. Not that they would not have stolen the money anyway...

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Aaron
Posts: 1087
Incept: 2007-11-27

Los Angeles
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There is no reason social security can't get paid. The government has more than enough revenue to cover all important expenses.

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Now with 32-percent more trash-talk.
Kennethdhall
Posts: 27
Incept: 2010-06-09

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The truth about Social Security has been out there for a while. I remember Jhenjhis Kherry in '04 nattering about income tax cuts and Social Security. The only way present income tax rates matter with respect to an entitlement presumably funded by the payroll tax (changes in which NOBODY was discussing at the time) is if there's nothing in the kitty, and the checks are being kited. Who hath ears, let him use a Q-Tip.
Johnny
Posts: 1586
Incept: 2008-10-01
Silver
Kentucky
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McConnel is in on it.

Contacting him will do little good.

He's a rino in the Trent Lott tradition...
Blairkiel
Posts: 1344
Incept: 2009-08-25
Green
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it may do nothing, but I am going down swinging.
Smacktle
Posts: 1362
Incept: 2009-01-20
Green
Texas
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Screw the GOP like they screw us! No money, no support.

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Aztrader
Posts: 6649
Incept: 2007-09-10
Green
Scottsdale, AZ
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Bringiton
Posts: 1185
Incept: 2007-09-17
Green
Central California
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The comments from that yahoo link are pretty entertaining! Them some*****ed off old people!!!
Grf
Posts: 1337
Incept: 2008-12-08

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"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it,"

smiley

Please let the checks stop. Please let the checks stop. Please let the checks stop.

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"Every time we on TF talk about God and gays, God frees a banker and gives him a bonus." --me
"Your farts are interstate commerce and if they want to stick a muffler up your ass they will do it." --Boughtthefarm
Oldno7
Posts: 2138
Incept: 2008-11-14
Gold
RECALL STATE USA
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Well I get my SS payment on the 10th of August. Can I get by without it? Yes. The wife will just have to work a little longer. smiley

Frankly Obummer I don't give a damn. Lets hit the wall full throttle and we shall see who has more fear in their heart. The time is now. Let's do it!

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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.
When people lose everything and have nothing left to lose they lose it -Gerald Celente
Mortgageguymn
Posts: 1565
Incept: 2009-03-09
Green
North Coast
Online
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Oldno7,

I like the cut of your jib.

(Whatever a jib is.) Did I just come out?

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