Fox News Tells It Like It Is

[buckman]

Taxes and revenue continue to come in at record levels .
This is all BS and Constitutionally it's impossible to default.
I hope the few people in congress that are truly looking out for our future hold fast !
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[spence]

Originally Posted by buckman

Taxes and revenue continue to come in at record levels .
This is all BS and Constitutionally it's impossible to default.
I hope the few people in congress that are truly looking out for our future hold fast !
Posted from my iPhone/Mobile device

Wow, you've drank A LOT of Kool-Aid.

Buck, the Tea Party is holding the entire country hostage. Bohner has lost control and the PACs are openly threatenening any Republicans who plays ball.

The proposed House Bill that imploded yesterday was more about gaining talking points on the HCB than striking a deal.

Bohner and Cantor need to rally and quick.

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[buckman]

Originally Posted by spence

Wow, you've drank A LOT of Kool-Aid.
Posted from my iPhone/Mobile device

Explain how I'm wrong. Something like 200 billion coming in each month and like 20 billion in interest per month needs to be paid to prevent a default. That 20 billion has to be paid unless the President illegally orders the treasuries not to pay it . I believe that's how it works but your clearly the expert so learn me
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[spence]

Originally Posted by buckman

Explain how I'm wrong. Something like 200 billion coming in each month and like 20 billion in interest per month needs to be paid to prevent a default. That 20 billion has to be paid unless the President illegally orders the treasuries not to pay it . I believe that's how it works but your clearly the expert so learn me
Posted from my iPhone/Mobile device

First off, our total interest outlays are a lot more than 20 B a month, it's like 400 B for the entire year.

Second, you still have the fund the other 80% still running or the economy implodes. We don't keep all that much cash under the mattress.
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[buckman]

Originally Posted by spence

First off, our total interest outlays are a lot more than 20 B a month, it's like 400 B for the entire year.

Second, you still have the fund the other 80% still running or the economy implodes. We don't keep all that much cash under the mattress.
Posted from my iPhone/Mobile device

So your saying we can pay the dept but the rest is unsustainable on the income we generate , which at its current level is higher then ever before .
Sounds like your coming around.
Might even make you wonder how this can work if the dept hits 20 trillion by 2016 ,as projected ,
Posted from my iPhone/Mobile device

[spence]

Originally Posted by buckman

So your saying we can pay the dept but the rest is unsustainable on the income we generate , which at its current level is higher then ever before .
Sounds like your coming around.
Might even make you wonder how this can work if the dept hits 20 trillion by 2016 ,as projected ,
Posted from my iPhone/Mobile device

Oh yea, I'm coming around

How does that equation look with a recession and less cashflow?
Posted from my iPhone/Mobile device

[Jackbass]

Originally Posted by spence

Oh yea, I'm coming around

How does that equation look with a recession and less cashflow?
Posted from my iPhone/Mobile device

Looks like my kid should start mandarin classes soon
Posted from my iPhone/Mobile device

[buckman]

Originally Posted by spence

How does that equation look with a recession and less cashflow?
Posted from my iPhone/Mobile device

The future if we keep kicking the can down the road as you prefer to do .
Posted from my iPhone/Mobile device

[RIROCKHOUND]

Originally Posted by spence

The proposed House Bill that imploded yesterday was more about gaining talking points on the HCB than striking a deal.

Bohner and Cantor need to rally and quick.

Posted from my iPhone/Mobile device

http://www.washingtonpost.com/blogs/...ty-rift-video/