Quote:
Originally Posted by buckman
There is a reason they do things the way the do. Take the tax breaks in the bill for various industries.. 1 tear extensions. You think maybe that's so they can shake down these same industries in another year? Scott , they didn't have to vote for a bad bill... Many didn't !!!
And they can stand up for this countries future in a couple months . Some of them will
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there aren't enough of them and those that will "stand up or this country's future" and stand firm on fiscal sanity are the ones that are mischaracterized and assaulted by Spence and the media as "absolutists" dragging the party to the far right lunatic fringe...
the principle that taxes should not go up until permanent and meaningful spending cuts were in place makes perfect sense but to Spence and the left, that is an unreasonable and absolute position...we have a 73,608 page (in 1939 it was 504 pages) tax code which continues to grow...there's a great place to start if you want to look for more revenue, rather than meaningful reform we have the old reliable method of negotiating employed by teachers unions and school departments where we wait until the eve of the new school year to bargain, threatening to disrupt the lives of the people paying the bills if they don't pony up more money or threatening to start cutting sports and arts from the lives of the youth if the bureaucracy is not fully funded, preferring to bargain on the eve of a perceived or fabricated crisis(
Senators received the bill at approximately 1:36 AM on Jan. 1, 2013 – a mere three minutes before they voted to approve it at 1:39 AM.)
...it's dispicable, it's destructive and it does nothing in the long run but add more layers to the bureaucracy, increase out indebtedness and hasten our collapse....Spence for some reason applauds this, mocks the only people in the room who object and acts as though this is some kind of game( I don't know if you caught the CSPAN Democrat press conference on Monday but it was nauseating, smug and frankly frightening that we have people like this determining the future of our country) where we're simply keeping score to see who can come out on top in a negotiating tournament......you can't win negotiating with liars or crazies, and we're dealing with both aided by a complicit mainstream media propoganda machine.....I guess I'm saying...don't get your hopes up...expect more "humiliation"....mockery and humiliation are an important component of the Progressive playbook, expect the people that you are "counting on" to be further villified and marginalized and "humiliated" for the next two months....you can blame republicans for not jumping in front of the bullet...I'll reserve my ire for the lunatics that are driving the train and giving you the finger ......great to met Buckman Jr. by the way....
as of the 1st...we are out of money...
NEW YORK (CNNMoney)
It's official: U.S. debt reached its legal borrowing limit Monday, giving Congress about two months before it must raise the debt ceiling or risk causing the government to default on its bills and financial obligations.
"I can confirm we will reach the statutory debt limit today, Dec. 31," a Treasury Department official said Monday.
A bipartisan fiscal cliff deal passed by the Senate early Tuesday and awaiting a vote in the House did not address the debt ceiling issue.
As expected, Treasury Secretary Tim Geithner had submitted a letter to Congress on Monday saying he had begun a "debt issuance suspension period" that would last through Feb. 28. That means Treasury will employ a series of "extraordinary measures" so it does not exceed the debt limit, currently set at $16.394 trillion.
Such measures include suspending the reinvestment of federal workers' retirement account contributions in short-term government bonds.
By taking those steps, Treasury can buy about $200 billion of headroom. That normally can cover about two months' worth of borrowing, although continuing uncertainty about tax rates and spending make it hard to determine precisely how long the extraordinary measures will last.
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