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Obama seen signing debt deal after Senate approval

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Markets dropped after deal was signed. On track to close below 12000. Worst downswing since oct 2008. Obama makes speech demanding that the rich must pay more.

Why does Obama hate the economy?
 
PeshakJang said:
Markets dropped after deal was signed. On track to close below 12000. Worst downswing since oct 2008. Obama makes speech demanding that the rich must pay more.

Why does Obama hate the economy?
Click to expand...

Economy is tanking because we need more stimulus, not the cuts that GOP has rammed through.
 
PeshakJang said:
Markets dropped after deal was signed. On track to close below 12000. Worst downswing since oct 2008. Obama makes speech demanding that the rich must pay more.

Why does Obama hate the economy?
Click to expand...
Just profit taking before the bad jobs numbers on Friday.
 
Spending in 2008 $2.9 trillion
Spending in 2012 $3.7 trillion


And you are still crying like a baby???
Spending in 2012 will still be more than in 2011.

You are bitching about 'cuts' that don't even exist. With this new plan we are still adding $8 trillion to the deficit over 10 years.
 
senseamp said:
Economy is tanking because we need more stimulus, not the cuts that GOP has rammed through.
Click to expand...

What cuts? The token cuts that come after 2013? The democrats won this battle. they get to spend and spend and spend some more. There are no serious cuts in this bill. If they were serious they would be upfront.
 
quest55720 said:
What cuts? The token cuts that come after 2013? The democrats won this battle. they get to spend and spend and spend some more. There are no serious cuts in this bill. If they were serious they would be upfront.
Click to expand...

Upfront cuts would tank the economy for sure.
 
ProfJohn said:
Spending in 2008 $2.9 trillion
Spending in 2012 $3.7 trillion


And you are still crying like a baby???
Spending in 2012 will still be more than in 2011.

You are bitching about 'cuts' that don't even exist. With this new plan we are still adding $8 trillion to the deficit over 10 years.
Click to expand...

Troll much? I didn't see you care when bush raised the ceiling many times...


OK, now that ... THAT is out of the way.

The REAL picture is this, unless you are all just stupid ...

No matter who is in repugs, dems, 3rd party... No money to play with then no fun to spend it on ... the economy and any of the president's plans are down the crappy with out cash...

So, you know what's gonna happen when a repuke gets to be the next president (not like I am sure a R is gonna win) but you know he will also want to move the ceiling up and up so that he/she can accomplish the agenda weather going for another war or pumping it into the church, school, or medical... Sadly the USA is hanging by fumes so... not much more you can do then raise the limit IMO.

If anything than we should be cutting military and the pentagon back to the bone to save $$ ... It's a frigen no brainer since 70% of all taxes goes towards defense ... do we really need 20 aircraft carries ???? Do we need all this waste? I think NOT!
 
PeshakJang said:
If you are trying to make it to the gas station before you run out, with the needle on E, you don't crank up the AC and floor it.
Click to expand...

Then there's the Tea Party who wants to drive over the children walking on the side of the road and into a ditch then set the car on fire and cheer about how they saved the money they now won't have to spend on refilling the tank.
 
Ironically, that's more preferable than gassing up the tank and letting terrorists (same Politicians) take the car after it's filled up again (raised debt ceiling), throwing a bomb into the trunk (the final few Trillion nails in the coffin), and then driving it into DisneyLand (the dream that was America before we had such unimaginable debt).

Good going!
 
This is a win for the democrats / Obama, even though they may feign that they lost and bitch that the tea party is so "extreme"

What's so extreme about balancing the budget over 7-8 years?

If the economy got back on track that will probably require about ~100-150 billion per year cut. Thats like 2-3% per year. Even less if we can end these god damn wars.

Oh the horror! Extremist! Terrorists!
 
Wait-wait-wait-waaaaaiiit a minute......So let me get this straight...Bush made his friends rich beyond their wildest dreams and broke the bank and tanked the economy doing it, but that was OK as far as the folks who now identify themselves with the Tea Party are concerned. They were more than willing to put another guy just like Bush in office to continue the trend.

Ostensibly the self-described decider and leader of the free world started two wars and ran it all on loaned money because he simultaneously cut taxes, and then went looking for even more money to run his wars and make the rich even richer by attempting to squeeze it out of the middle class and the poor and THAT was just fine too with the folks who now identify themselves with the Tea Party.

So we now have a Dem president following closely in Bush's footsteps...well, except for the tattered and battered window dressing he put up and called it...what was it again?....uhhh health care reform? as a way to throw some hay at the donkeys who put him in office and now the same folks who thought what Bush was doing was A-OK is vilifying Obushma in order to put somebody back in office that will do exactly what Bush and his seemingly recalcitrant successor Obushma have been doing all along?

I couldn't make this stuff up if I had loaded up on the most primo weed in the world.

Surreal. Absolutely hilarious in a horrifying kind of way.

God Bless America.😛
 
matt0611 said:
This is a win for the democrats / Obama, even though they may feign that they lost and bitch that the tea party is so "extreme"

What's so extreme about balancing the budget over 7-8 years?

If the economy got back on track that will probably require about ~100-150 billion per year cut. Thats like 2-3% per year. Even less if we can end these god damn wars.

Oh the horror! Extremist! Terrorists!
Click to expand...

It's a win for Republicans. They got what they wanted and now own the economy.
 
senseamp said:
It's a win for Republicans. They got what they wanted and now own the economy.
Click to expand...

Its a win for both republicans and democrats. They're both doing what they do best, spending other peoples money and doing whats best for them politically instead of whats best for the country.

The democrats didn't get their extra 70 billion dollars (maybe) in revenue. Boo hoo!

We're only gonna go into debt by 7 billion (maybe) instead of 9 billion. Wahhhh!
 
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