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USA to hit debt limit in mid-October
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wildhorse
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PostPosted: Tue Aug 27, 2013 9:12 pm    Post subject: USA to hit debt limit in mid-October Reply with quote

The news

LOL USA
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Naib
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PostPosted: Tue Aug 27, 2013 9:15 pm    Post subject: Reply with quote

didn't you hit that like 50years ago?
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PostPosted: Tue Aug 27, 2013 9:25 pm    Post subject: Reply with quote

Quote:
Treasury Secretary Jack Lew on Monday urged lawmakers in Congress to move swiftly to raise the country’s $16.7 billion debt limit "well before any risk of default becomes imminent."

And let House Republicans pass up an opportunity to screw Obama? Silly goose.
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PostPosted: Tue Aug 27, 2013 9:32 pm    Post subject: Reply with quote

zomg not teh debt limitz!!!1!
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wildhorse
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PostPosted: Tue Aug 27, 2013 9:35 pm    Post subject: Reply with quote

Naib wrote:
didn't you hit that like 50years ago?
no
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Bones McCracker
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PostPosted: Wed Aug 28, 2013 2:01 am    Post subject: Reply with quote

Naib wrote:
didn't you hit that like 50years ago?

Debt limit? Spain? :lol:
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PostPosted: Wed Aug 28, 2013 2:07 am    Post subject: Reply with quote

aidanjt wrote:
Quote:
Treasury Secretary Jack Lew on Monday urged lawmakers in Congress to move swiftly to raise the country’s $16.7 billion debt limit "well before any risk of default becomes imminent."

And let House Republicans pass up an opportunity to screw Obama? Silly goose.

The one on the bottom screaming rape is usually not the one doing the screwing. This unrestrained, excessive, continuous use of massive amounts of public debt is a watered-down form of slavery, and it's very much like pimping out one's own children out to finance one's habits. It's a crime against the people. It's immoral and recklessly self-destructive, and the people must resist it.
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wildhorse
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PostPosted: Wed Aug 28, 2013 5:41 am    Post subject: Reply with quote

BoneKracker wrote:
Naib wrote:
didn't you hit that like 50years ago?

Debt limit? Spain? :lol:
You need Oblablacare for your Spanish flu. Oh, you can't afford it. Sorry.
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PostPosted: Wed Aug 28, 2013 12:54 pm    Post subject: Reply with quote

You're right, we can't afford Obamacare.
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PostPosted: Wed Aug 28, 2013 1:08 pm    Post subject: Reply with quote

BoneKracker wrote:
The one on the bottom screaming rape is usually not the one doing the screwing. This unrestrained, excessive, continuous use of massive amounts of public debt is a watered-down form of slavery, and it's very much like pimping out one's own children out to finance one's habits. It's a crime against the people. It's immoral and recklessly self-destructive, and the people must resist it.

Except the Republicans are passing the budget bills, with their pet tax cuts for themselves and their buddies stapled on top to ensure the debt rises, and the need for yet another year-on-year ceiling hike. They're entirely complicit in running the US finances into the ground. So let's not make out that they're a victim of any kind, it's the most pathetic kind of victimhood invocation there is.
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PostPosted: Wed Aug 28, 2013 1:16 pm    Post subject: Reply with quote

Yes, they are, but limiting debt is not the only thing that's important. Life's not that simple and even insects have more than one thing to worry about.You can't reduce debt without reducing spending or raising taxes. Limiting the scope, scale, and cost of our increasingly bloated, over-reaching, and authoritarian government is also important.

It's also not black and white in terms of outcome. It's an ongoing process of evolution that will never stop.
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Naib
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PostPosted: Wed Aug 28, 2013 2:16 pm    Post subject: Reply with quote

The United States has been broke since 1933. Look up the Banking Act of 1933. Its all about living off of negotiable debt instruments i.e. dollars at the moment provided by the Federal Reserve.

Its the same with (almost) everywhere else, paying the repayments which can be supported over a longer and longer period. just debt's paying debt's in some convoluted spaghetti of transfers to keep money moving to allow the system to work with no real gross flow of money anywhere only a general netflow towards money making countries

I say almost because there is then Spain, Greece and Zimbabwe
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Bones McCracker
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PostPosted: Wed Aug 28, 2013 2:25 pm    Post subject: Reply with quote

Broke and in debt are two different things. Most people actually have a negative net worth, but few of them would consider themselves broke. Debt can be used to facilitate increased earnings. Nevertheless, there's only a certain amount of debt that's healthy.
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Bigun
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PostPosted: Wed Aug 28, 2013 2:28 pm    Post subject: Reply with quote

BoneKracker wrote:
Broke and in debt are two different things. Most people actually have a negative net worth, but few of them would consider themselves broke. Debt can be used to facilitate increased earnings. Nevertheless, there's only a certain amount of debt that's healthy.


We've vomited on that limit decades ago.
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PostPosted: Wed Aug 28, 2013 2:29 pm    Post subject: Reply with quote

BoneKracker wrote:
Yes, they are, but limiting debt is not the only thing that's important. Life's not that simple and even insects have more than one thing to worry about.You can't reduce debt without reducing spending or raising taxes. Limiting the scope, scale, and cost of our increasingly bloated, over-reaching, and authoritarian government is also important.


Actually raising taxes doesn't work for more than a year or two. And reducing (government) spending is pretty much the same thing as limiting scope, scale and cost of government.
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PostPosted: Wed Aug 28, 2013 2:32 pm    Post subject: Reply with quote

BoneKracker wrote:
Broke and in debt are two different things. Most people actually have a negative net worth, but few of them would consider themselves broke. Debt can be used to facilitate increased earnings. Nevertheless, there's only a certain amount of debt that's healthy.


Nah. It depends on why you get in debt. If you get in debt to consume it's (almost?) always a bad idea. And modern states do nothing but consume.
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Butts McCokey
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PostPosted: Wed Aug 28, 2013 3:47 pm    Post subject: Reply with quote

all what'll happen is they'll raise the limit in mid-October
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wildhorse
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PostPosted: Wed Aug 28, 2013 3:52 pm    Post subject: Reply with quote

We will see a great show, too. Like 'budget cuts' and 'trust our tripple Arse economy'.
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marens
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PostPosted: Wed Aug 28, 2013 5:03 pm    Post subject: Reply with quote

so .. maybe start another war?
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PostPosted: Wed Aug 28, 2013 5:14 pm    Post subject: Reply with quote

marens wrote:
so .. maybe start another war?
There's always more poor, black people to kill
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wildhorse
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PostPosted: Wed Aug 28, 2013 5:16 pm    Post subject: Reply with quote

marens wrote:
so .. maybe start another war?
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35. Peace is good for business.

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PostPosted: Wed Aug 28, 2013 5:40 pm    Post subject: Reply with quote

BoneKracker wrote:
Yes, they are, but limiting debt is not the only thing that's important. Life's not that simple and even insects have more than one thing to worry about.You can't reduce debt without reducing spending or raising taxes. Limiting the scope, scale, and cost of our increasingly bloated, over-reaching, and authoritarian government is also important.

It's also not black and white in terms of outcome. It's an ongoing process of evolution that will never stop.


excactly. You need to raise the taxes.

Which makes republicunt tax-cuts-for-the-rich especially disgusting and dishonest.
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Ahenobarbi
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PostPosted: Wed Aug 28, 2013 6:09 pm    Post subject: Reply with quote

energyman76b wrote:
BoneKracker wrote:
Yes, they are, but limiting debt is not the only thing that's important. Life's not that simple and even insects have more than one thing to worry about.You can't reduce debt without reducing spending or raising taxes. Limiting the scope, scale, and cost of our increasingly bloated, over-reaching, and authoritarian government is also important.

It's also not black and white in terms of outcome. It's an ongoing process of evolution that will never stop.


excactly. You need to raise the taxes.


Raising taxes doesn't really work. Because really soon someone will notice "hey, we could spend more without increasing taxes" and you're back to heavily unbalanced budget.
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PostPosted: Wed Aug 28, 2013 6:41 pm    Post subject: Reply with quote

marens wrote:
so .. maybe start another war?
Perfect! Then divert funding to discretionary spending. Crisis averted!
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PostPosted: Wed Aug 28, 2013 7:01 pm    Post subject: Reply with quote

haha, I just opened the thread to see the "LOL USA" and I got what I wanted :lol:

So, if you want to blame somebody, don't blame Ophooobaah but women. If something goes wrong and you blame women you always have a good change to be correct!

Ophooobah is probably remote controlled by the Ophooobaah wife, don't forget this! Women have this skill to control men remotely. You shall fear this skill! You shall fear the Ophooobaah wife! just sayin...
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