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Old 08-04-2011, 06:26 PM  
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How Many Wrongs Make a Right?

How many have noticed the excuse that since Bush overspent it's OK for Obama to trump it? Or overspending on such and so is OK because we overspend on the war? As an independent voter and TEA Party advocate I say cut overspending wherever it occurs. We all should tighten our belts if we love America and want to save her, otherwise just keep on spending and wait for the crash.
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Old 08-04-2011, 06:40 PM  
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It's evident that much of the defense build up in the past was due to the 9-11 payback. I agree to start cutting from everywhere, but unfortunately some of the folks are going to cry foul and their politicians will back them due to the future votes they might receive. I just wish we had a one term limit for all!
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Old 08-05-2011, 09:08 AM  
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Originally Posted by Eddie_T View Post
How many have noticed the excuse that since Bush overspent it's OK for Obama to trump it? Or overspending on such and so is OK because we overspend on the war? As an independent voter and TEA Party advocate I say cut overspending wherever it occurs. We all should tighten our belts if we love America and want to save her, otherwise just keep on spending and wait for the crash.
what spending, no seriously? other then the one time expense of stimulus bills what spending? we have had budgeted spending well over what we take in and these were created under bush, the budget continues on from where bush left it, since bush raised spending and cut taxes we are at a huge shortfall. bush's medicare expansion alone that was simply a blank check to big pharma that was unfunded for example, this costs money and someone has to pay the bills. And don't start with obamacare crap that IS actually funded and will slightly reduce deficit spending.

the only people tightening belts under the tea party's plan are middle class and below, the upper class loses practically nothing
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Old 08-05-2011, 11:12 AM  
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we've already spent 60% of our 400Billion dollar agreement. Has it even been a week yet?
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Old 08-05-2011, 11:25 AM  
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we've already spent 60% of our 400Billion dollar agreement. Has it even been a week yet?
and you got this from where and how was it calculated?
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Old 08-05-2011, 11:27 AM  
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and you got this from where and how was it calculated?
BLAM!

U.S. eats up most of debt limit in one day - Washington Times

This country is done. http://www.foxbusiness.com/markets/2...e-jobs-report/
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Old 08-05-2011, 11:30 AM  
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Even RUSSIA is laughing at us.

Gold and Silver have both PLUMMETED.
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Old 08-05-2011, 11:34 AM  
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from the article:

Quote:
Debt numbers go up and down regularly, depending on what the Treasury Department is redeeming or issuing on any day, but have been on a steep upward trend for the past decade as spending has ballooned and revenues have fluctuated.

For the past 2? months, though, the number essentially was frozen as the government was poised to reach the borrowing limit set by law. The Treasury Department used extraordinary means to stall, but was about to run out of room on Tuesday.
so we used accounting tricks to say we had not defaulted yet knowing eventually those would have to be adjusted in the budget, so really a case that this "spending" had already been spent, just was not officially recorded in a manner that specifies that so the country would not default

not specifically disagreeing with you but you made it sound like the government decided "there is money here, lets go spend it" when in reality the money was already spent before hand
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Old 08-05-2011, 11:39 AM  
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Originally Posted by RedJeepXJ View Post
from the article:



so we used accounting tricks to say we had not defaulted yet knowing eventually those would have to be adjusted in the budget, so really a case that this "spending" had already been spent, just was not officially recorded in a manner that specifies that so the country would not default

not specifically disagreeing with you but you made it sound like the government decided "there is money here, lets go spend it" when in reality the money was already spent before hand
Which makes it EVEN WORSE! Do you write hot checks? NO! When our government is writing hot checks, we are in it deep.
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Old 08-05-2011, 11:47 AM  
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Which makes it EVEN WORSE! Do you write hot checks? NO! When our government is writing hot checks, we are in it deep.
which is exactly why we should not be ok with the republicans playing with fire by letting us go past the debt limit and be ok with rolling back the bush tax cuts to have revenue close to what we are spending and ONLY do tax cuts when directly accompanied by spending cuts with a provision the tax cuts are cancelled if the revenue falls too short, that way there is an incentive to do things right.

also don't forget the republicans and their programs have been the biggest contributors to the national debt because they like to create expenses but don't like to pay for them, but then cry "foul" when a democrat tries to get someone other then the working class to chip in for their spending sprees.
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