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2011-07-23 Home Front: Politix

White House sees 'momentum' for debt deal

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Posted by Fred 2011-07-23 00:00|| || Front Page|| [5 views ] Top

#1 How about no new negotiations unless televised and online live. Now why would anyone object to that? /rhetorical question.

Posted by Procopius2k 2011-07-23 07:41|| 2011-07-23 07:41|| Front Page Top

#2 There's the deal"Republican Senate Minority Leader Mitch McConnell that would let the president raise the debt ceiling by dollar 2.5 trillion in three increments through 2012 with just Democratic votes".
They go home first part of August for vacation. Some may already have left. Gold and silver can only go up. So after the 2012 election this will all come back much worse than it is now. Tax revenues will drop, unemployment up, yep the "momentum" is there to pass the buck. What I like is the media will take the biggest hit. No advertising revenue. $5000 dollar incentive to hire new people is gone in first month due to Tax/social programs. So small business will sit it out and hope for better times. Socialism at its best. Things will not improve as long as this group is in power. The long winter is here.

Posted by Dale 2011-07-23 07:45|| 2011-07-23 07:45|| Front Page Top

#3 I'd suggest having some cash on hand August 1st

Posted by Frank G 2011-07-23 10:49|| 2011-07-23 10:49|| Front Page Top

#4 AUG 15th is when the interest is due and there will not be enough to go around. Bring it on. Starve this POS government.

If you raise debt ceiling, you lose credit rating.
If you take long term cuts and keep the debt ceiling, you lose credit rating.
If you cut spending and cut now and balance budge now, you may keep your credit rating.

That's all there is to it.

Ohh, and Mr President, you SUCK.

Posted by newc 2011-07-23 12:49|| 2011-07-23 12:49|| Front Page Top

#5 That's all there is to it.
You left out the Worst Case Scenario: US keeps spending like a maniac, borrowing ever vaster sums at low interest rates, until lenders wise up, and/or interest rates spike (same thing ultimately), at which point US Treasury paper gets very difficult to sell or impossible to service (same thing ultimately), followed by a slashed credit rating, not the biggest deal compared to the associated full-bore crash of the US and world economy. At that point US troops in Afghanistan will have to replicate the Anabasis and march to an ocean shore close to home, where what is left of the US Navy can sail them home. I sure hope the Navy has stocked up on wooden oars and hardtack.

Posted by Anguper Hupomosing9418 2011-07-23 14:34|| 2011-07-23 14:34|| Front Page Top

#6 Anguper Hupomosing, Yup yup.
That also has crossed my mind.
For were that to come to be, they would keep their weapons, but know with whom to use them on after being forsaken. I would trade my cloak as well.

Posted by newc 2011-07-23 14:49|| 2011-07-23 14:49|| Front Page Top

#7 Anguper Hupomosing9418, have you read this book?

Posted by g(r)omgoru 2011-07-23 15:48|| 2011-07-23 15:48|| Front Page Top

#8 I never heard of it. Must have picked up my strange ideas from the Zeitgeist. I will check it out.

Posted by Anguper Hupomosing9418 2011-07-23 17:21|| 2011-07-23 17:21|| Front Page Top

#9 Obama is trying to act presidential, like he is the only adult in the room, and like he is not playing politics. However, is trying buy time by kicking the can down the road until after the 2012 elections. He is the worst, most ineffectual, least qualified President we have ever had. I can't believe the Democrats don't bail on him like they did with Jimmy Carter.

Posted by JohnQC 2011-07-23 19:08|| 2011-07-23 19:08|| Front Page Top

#10 "You can always count on the Americans to do the right thing after they have done everything else"

I think I got that word for word.

Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.

Winston Churchill
I just love throwing some Churchill at O.

Posted by Dale 2011-07-23 20:42|| 2011-07-23 20:42|| Front Page Top

23:59 Penguin
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23:23 Frank G
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22:27 de Medici
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19:58 Charles