WorthyNewsBot Posted July 11, 2011 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.44 Content Count: 44,498 Content Per Day: 7.19 Reputation: 987 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted July 11, 2011 A significant faction of the tea party movement is prepared to revolt against any GOP deal to raise the debt ceiling -- even if it is "revenue neutral" and cuts trillions from federal spending, grass-roots sources tell Newsmax. http://www.worthynews.com/top/newsmax-com-InsideCover-TeaParty-DebtLimit-JohnBoehner-RepublicanParty-2011-07-09-id-403013/ Link to comment Share on other sites More sharing options...
Guest shiloh357 Posted July 11, 2011 Share Posted July 11, 2011 A significant faction of the tea party movement is prepared to revolt against any GOP deal to raise the debt ceiling -- even if it is "revenue neutral" and cuts trillions from federal spending, grass-roots sources tell Newsmax. http://www.worthynews.com/top/newsmax-com-InsideCover-TeaParty-DebtLimit-JohnBoehner-RepublicanParty-2011-07-09-id-403013/ Well the Tea Party needs to understand that in politics, no one gets everything they want. I llike the Tea Party and what it stands for, but there are some within it that needs to wake up to reality and how things really work in politics. Politics is a game of compromise, Everyone goes in to negotiations with the wide-eyed realization that they are not going to get everything they want. The Democrats have conceded to some spending cuts. The other side needs to show good faith and make a move to the center as well. I am getting sick of the GOP playing a game of "Chicken" with our economy. They act like when they won the house and some senate seats that they were given a green light to run over the Democrats. They were elected back into office to help us eventually get rid Obamacare and to help create an evironment that was conducive to job growth. I don't think running our economy into the ground is the right way to defeat Obama. If we default, we are much, much, much bigger trouble than if we raised the debt ceiling a couple triillion while we endeavor to fix our economic problems with some commensense solutions that will create more jobs and reform spending. We don't have any "good" options. We simply have a choice between economic collapse or more debt. One is unthinkable, the other is bad, but if we are smart, we can buy ourselves some time to get things back on track. Link to comment Share on other sites More sharing options...
other one Posted July 11, 2011 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,264 Content Per Day: 7.56 Reputation: 27,993 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted July 11, 2011 we don't have to default on our debts immediately, just cut out most of the un necessary spending. foreign aid, UN dues, non necessary government jobs and research. it will be up to the treasury department to pay off obligations first and let the rest of it go just as we do in our own homes. No tax raises are really not healthy right now and I don't think we should take that off the table either. If they do not raise the debt ceiling, then we should raise taxes to cover the things and programs that "we the people" want to keep. Then the decision will end up with what "we the people" are willing to pay for. Bring our military home from all over the world and put them on our borders, or have the other countries foot the bill for our military to be there if they want them. Link to comment Share on other sites More sharing options...
other one Posted July 11, 2011 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,264 Content Per Day: 7.56 Reputation: 27,993 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted July 11, 2011 Can you imagine what it would do for the economy of the border states if we housed our military there instead of Germany Japan and Korea...... and soon in Iraq, Afganistan and the other hundred or so countries. Let our own country befefit from the expenses of our military. We need to get back to the old theory of we are willing to destroy the whole world if people don't leave us alone..... and ban Islam from our system. They can worship whomever they want, but no laws here. Link to comment Share on other sites More sharing options...
SavedByGrace1981 Posted July 11, 2011 Group: Royal Member Followers: 6 Topic Count: 104 Topics Per Day: 0.02 Content Count: 2,924 Content Per Day: 0.61 Reputation: 462 Days Won: 2 Joined: 04/02/2011 Status: Offline Birthday: 03/22/1953 Share Posted July 11, 2011 I like to throw a hypothetical question into the mix here: Let's say I have a VISA credit card with a $15,000 limit. I've maxed out my VISA card - I owe them $15,000. In addition, I have other debts totaling $30,000, so I'm in hock to the tune of $45,000 My yearly income only covers a fraction of my debt, so my debt (plus interest) gets rolled over year after year. Now here's my question: Given the above circumstances, is raising my VISA credit limit going to solve any problems? If so, how? Blessings! -Ed Link to comment Share on other sites More sharing options...
Burning_Ember Posted July 11, 2011 Group: Diamond Member Followers: 0 Topic Count: 21 Topics Per Day: 0.00 Content Count: 2,009 Content Per Day: 0.29 Reputation: 100 Days Won: 3 Joined: 09/20/2005 Status: Offline Share Posted July 11, 2011 I like to throw a hypothetical question into the mix here: Let's say I have a VISA credit card with a $15,000 limit. I've maxed out my VISA card - I owe them $15,000. In addition, I have other debts totaling $30,000, so I'm in hock to the tune of $45,000 My yearly income only covers a fraction of my debt, so my debt (plus interest) gets rolled over year after year. Now here's my question: Given the above circumstances, is raising my VISA credit limit going to solve any problems? If so, how? Blessings! -Ed At that point you would need to deal with a few potential outcomes. If not raising your debt limit would bankrupt you, bankruptcy is the far worse option. If raising revenue was not an option, there would need to be 1.8 Trillion in spending cuts to pay it off in 30 years. That is nearly half the US budget. You end all military spending whatsoever, and that could not close that gap. Seeing as the formula goes Revenue - Expenditures = Profit/(loss), revenue can't be ignored either. If there was $600 billion in new Revenues, a $600 Billion cut to defense, the wars were ended, that leaves $400 Billion in other cuts. Social Security and Medicare would need to be means tested, and a lot of difficult cuts would have to be made. A $500 Billion dollar surplus would then need to be maintained for about 30 years. That's about what it would take to balance the budget. At the current rate of spending, that goal gets about $50 billion a year in the gap that would need to be closed every year. You thought Greece had bad debt? The Debt Per Capita in The US is worse. Link to comment Share on other sites More sharing options...
other one Posted July 11, 2011 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,264 Content Per Day: 7.56 Reputation: 27,993 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted July 11, 2011 If we moved our present military home and put them on the borders, the money that goes to other countries that they spend would create millions of new jobs which would put a lot of the money going to Germany, Japap Korea and many others right back into our economy instead of theirs and it would beef up our own security at home. If you want to balance the budget, one needs to start with fraud...... why does everyone fight doing this Our military bidding system is so corrupt I doubt it fixable with the current people at the top three or four levels. Link to comment Share on other sites More sharing options...
Burning_Ember Posted July 11, 2011 Group: Diamond Member Followers: 0 Topic Count: 21 Topics Per Day: 0.00 Content Count: 2,009 Content Per Day: 0.29 Reputation: 100 Days Won: 3 Joined: 09/20/2005 Status: Offline Share Posted July 11, 2011 If we moved our present military home and put them on the borders, the money that goes to other countries that they spend would create millions of new jobs which would put a lot of the money going to Germany, Japap Korea and many others right back into our economy instead of theirs and it would beef up our own security at home. If you want to balance the budget, one needs to start with fraud...... why does everyone fight doing this Our military bidding system is so corrupt I doubt it fixable with the current people at the top three or four levels. It would make a difference of maybe $50 Billion or so in economic throughput, maybe $5 Billion in tax revenue. It would help, but not as much if a lot of projects like the F-22 or F-35 or Laser Planes or Electromagnetic Navy Rail guns get/keep getting de-funded, and a lot of stuff got mothballed. Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2011 Share Posted July 11, 2011 (edited) Let the chips fall as they may. You can't keep doing the same things over and over and expect a different outcome. It was the Dems who passed the stimulus bill, spending trillions on "shovel ready" projects that weren't so shovel ready, bailed out the unions at the expense of the share holders, failed to create or save millions of jobs, and those that they did cost the taxpayers hundreds of thousands of dollars per job. And let's not forget Fannie Mae and Fannie Mac. How many billions of dollars has the socialist government of Barack Obama thrown away with these thieves? I know that the previous administrations all had a hand in this, but it was the Dems who have totally destroyed our economy. I say let them feel the sting and reap what they have sown. We are in a hole so deep that there is now daylight to be seen! Edited July 11, 2011 by Parker1 Link to comment Share on other sites More sharing options...
other one Posted July 11, 2011 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,264 Content Per Day: 7.56 Reputation: 27,993 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted July 11, 2011 It was George Bush that got the first bail out signed into law..... 700 billion as I remember. And then didn't do much of anything at all to keep it from getting worse. Our problem isn't just Democrats and Republican's, it the government and what it has become itself that is the problem. We know what the problem is, it's that no one seems to be ready to do anythign about it. Link to comment Share on other sites More sharing options...
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