debt ceiling

[buckfever]

so what's the big deal about raising the debt ceiling anyway? It's like saying man I like that TV, but I don't have any money and all my credit cards are maxed out. GEE, I KNOW!!!!! I'll just get another credit card!!!!!!! How 'bout not buying the TV??

Politicians are dumb. What I find funny is that last Friday the Dems and the Reps had a deal that they both agreed on and were ready to send it to Bone-head to sign. He walks in there like he's John-frickin-Wayne and demands that $400 billion in cuts be added back to the deal. So Boehner walks out. Can't blame him really. About 5 minutes later Bone-head walks into a press conference and says that he's not pointing any fingers, but if the country defaults it's going to be the House's fault. Wait, didn't you just say you weren't pointing any fingers? I like what Boehner said though. He said that Congress is trying to put a package together that both sides can agree on, but the White House keeps moving the goal posts. ;D

Is it 2012 yet?

[passinthru]

Huge joke!!!! I cant wait till Mr. Ego is gone!

[buckwacker]

This problem should have been fixed when times were good. (Balance the Frickin Budget) Now times are not so good and no matter what they do, it is going to hurt. If they dont drastically cut federal spending, our debt will destroy our economy and our nation long term. If they cut drastically now the economy will suffer even more in the short term as tens of thousands of federal empolyees along with all those folks dependant on government handouts see their "income" vanish or shrink. Less money to spend = shrinking economy. We need leaders with foresight. My vote goes for fixing the spending problem now (entitlement reform!!!!) and deal with the temporary pain that goes with it as opposed to letting this problem fester and completely destroy us down the road. Get ready for a really rough ride folks.

[buckfever]

this is what gets me. a recession is a natural cycle in any economy and it is good, and necessary for an economy to remain healthy. essentially, when an economy is growing, or booming, a lot of new businesses are started. some of the businesses are good and bring about positive changes to certain industries, others are not. take our latest recessions. we were due for one in 2001 when the 9/11 attacks happened, the attacks didn't cause the recession, but it surely made it worse. we were due for one with the recession of 2008 too, the housing crash just made it worse. in both cases the government spent trillions of dollars on stimulus packages that were meant to prop up the economy and keep the recessions from being as bad. only problem is that they were short-term fixes and made our debt problems worse. also, in both cases the packages did little to lessen the impact of a natural economic occurence. the government is fat with lobbyists and special interest groups and as long as we let those people influence our lawmakers, we are in for rough times. if a company makes bad fiscal decisions and ends up in financial trouble, that's their problem. instead of lobbying the government for bailout money, they need to figure out why the mistake was made and get rid of the people that made them. there's something seriously wrong with a company when a person who is hired as a CEO runs the company into the ground and then gets millions upon millions of dollars as severence when they leave. want examples? try home depot and countrywide financial corporation. between the two failed CEO's at those two companies, you're talking somewhere in the neighborhood of $200 million. shoot, i can run a company into the ground faster than those two guys and i'll do it for A LOT less!!!!!

[buckwacker]

Im so glad they got that debt deal done, you know, so that we can keep our AAA credit rating and so that the market wont tank!!!