Ron Paul :gotme: lol
all the dems did was lose their supermajority, its rly not a huge deal.
We need to increase the debt limit by $1.9 trillion, that will help.
as opposed to…the federal government not making payroll? A huge tax increase? Do tell.
^Not making payroll sounds the best.
How about a hiring freeze? Guess Scott Brown can’t take the job after all 
I still cant get over how Bush’s deficite was in the billions, and the dems complained. Yet under Obama, we’re going into multiple trillions, and its like, oh well. Do explain the differance in why one is ok and not the other. Not trying to defend Bush, just calling out the double standard.
Because Bush started with a good economy and a big ass surplus, and spent it on tax cuts for the rich and a stupid war. Obama inherited Bush’s shitstorm, at home and overseas, and is spending money domestically to try and get us out of it.
I understand the concept of priming the pump. And I understand that You have to spend money to make money. But don’t you think this spending is getting out of hand? Even if He did inherit a shit storm, how is raising the debt another $1,900,000,000,000 going to help? I’m not trying to get into some stupid anti-Obama debate, I’m merely trying to understand how putting the nation further in astronomical debt is going to help in the long run. Also, didn’t the dems control congress the last 2 years of Bush’s presidency, and were responsible for the fanny may, freddy mac ordeal by making it mandatory to give out a certain percent of sub-prime mortgages? Which is what really sent the shit storm into a rapid down word spiral.
They don’t have to spend that whole amount. That’s the ceiling. But literally without that act it would be illegal for the government to make payroll, process tax refunds, etc. on a day to day basis. It really sucks, but in the long run it’s pretty much the only option, and we really don’t have a choice, we have to get the economy going at all costs. Picture it like having back surgery, and putting yourself in intense pain for awhile, to get rid of chronic pain in your back.
I know exactly what you mean. But going with that analogy, they could do some kind of therapy, and cut out unnecessary activity to worsen said injury, and make recovery faster/less painful.
We could, and that’s usually sufficient for most recessions. But in this case, the team of specialists in the area said that drastic action is needed right away or the condition will get worse, and Obama/Congress took their recommendations.
*short run. We’re spending a bunch of money so that we can make it through the short run. This kind of spending is not sustainable in the long run, but it’s kind of like taking a pay day loan because your back surgery ate your last paycheck and you have to make your car payment to be able to get to work or else you lose your job. Doing it once in a really bad jam is OK. Make a habit of it and you’re just digging a hole.
So lets not make a habit of it. If the 2012 deficite is larger than the 2011 deficite then we’ll be in trouble. I’d say I’d vote republican if the 2012 deficite is larger, but a republican hasn’t shrunk the deficite since I was like 8 even though they’ve been in office for all but 9 years of my life so fuck that.
Yes definitely. What I meant was a shit ton of stimulus, one-time spending is the best way to get back on track over the long run. The national debt is raised every so often to deal with various budget issues.
And there’s really no way around it with Medicare, Medicaid, and Social Security eating 40% of the budget (excluding interest payments) at present, and forecasted to be 60% of the budget by 2030 since it’s rising 1% a year as costs escalate faster than everything else…some form of Health Care Reform has to be part of the solution. Lobbyists got the can kicked down the road for now once again, but it’s coming…
Fixed 
Good fix. :tup: Not that my presidential vote matters in NYS, but if the 2012 deficite is larger than the 2011 deficite and he’s running I’ll vote for Ron Paul.
Unless something major goes down, the 2012 election will come down to the economy. However the economy is doing from Aug-Nov. 2012 will decide if Obama is re-elected or not. I would put money on that.
Ron Paul ftw.
Deficit will be revised larger when tax reciepts don’t live up to expectations.
wowzers:rubicant: