Tea Party kicks Boehner in the teeth - again

[Riot]

Originally Posted by jms62

We drove out the manufacturing sector in the late 80's and everyone was told to get educated for high tech related and white collar jobs. Now those are being tossed and we are being told to invent the next big thing that will employ everyone. But the dynamics have changed the next big thing will also be done overseas. An economy where 3% of the people have 98% of the money is destained to fail..

BTW, IMO we are no longer educated enough, or motivated enough, to invent the next high tech stuff anyway.

[Riot]

Originally Posted by joeydb

The kick Boehner got from the tea party wasn't in his teeth - it was to his posterior.

The Tea Party are ignorant idiots that need to grow the eff up.

[Riot]

Originally Posted by Coach Pants

It's a horror show. My country is in peril and these guys are pointing fingers taking no real responsibility for this mess. They are acting like pedantic children.

We're the laughing stock of the world.

They are, and yes, we are. That, after weeks of this crap, both of them had to take to TV to 'esplain it to those that have not been paying attention .... I had a person yesterday that asked me, "So what is all this debt stuff about?" They shouldn't be allowed to vote.

Because if people paid a bit more attention over the past 50 years, we'd never have gotten here.

[Riot]

Originally Posted by joeydb

So... how are we going to pay back this debt with no jobs???

Which do you think is more important? Jobs or the debt?

As JMS said, "An economy where 3% of the people have 98% of the money is destained to fail."

[joeydb]

Originally Posted by Riot

The Tea Party are ignorant idiots that need to grow the eff up.

Ignorant as opposed to whom? You?
Which position is ignorant? That the debt needs to be paid back, and that you can't borrow ever increasing sums forever?

[joeydb]

Originally Posted by Riot

Which do you think is more important? Jobs or the debt?

As JMS said, "An economy where 3% of the people have 98% of the money is destained to fail."

Obviously we need both jobs and very low debt. And we used to have both, so don't tell me we can't do it again if we make policy to do so.

JMS might be right. It is also true however that an economy where 47% of the people pay no income taxes is also destined to fail. The other 53% won't keep carrying the dead weight. More and more of them will go to the side where they can have the freebies. That will mean less people paying the bills. This is the mechanism by which the economy fails.

[Riot]

Originally Posted by joeydb

Ignorant as opposed to whom? You?
Which position is ignorant? That the debt needs to be paid back, and that you can't borrow ever increasing sums forever?

Ignorant as opposed to pretty much the other 4/5 of the United States population. The Tea Party isn't living or dying on either of the above statements you made, Joey. I wish they were.

So far Tea time in Washington has been to act like a spoiled 2-year-old, whose only word is "NO!" The Tea Party has submarined every single debt ceiling proposal put before it, without compromise or consideration.

Many of them have come out publicly and accused the world of lying, saying that not raising the debt ceiling would have no consequence, that it's all a lie to say the US will default.

Ignorant, uneducated, dangerous to this country demagoguery.

[Riot]

Originally Posted by joeydb

Obviously we need both jobs and very low debt. And we used to have both, so don't tell me we can't do it again if we make policy to do so.

We are in a slow recession recovery. We need jobs. Carrying debt right now is of little consequence.

JMS might be right. It is also true however that an economy where 47% of the people pay no income taxes is also destined to fail. The other 53% won't keep carrying the dead weight.

People don't pay income taxes unless they have income. They need jobs to have income. The middle class is now virtually non-existent. What drove this country in the past 50 years? An upwardly-mobile, spending middle class. It's gone. Walmart's revenues are even dropping off. Not even the poor have money any more. They have been bled dry.

Look up who gave the 1.4 trillion dollars in unfunded tax cuts during the past 10 years, and look up how much income tax the top 10 biggest companies in this country paid last year. Our revenues have never been lower.

Then wonder why the Tea Party and the Republican Party are fighting 100% against any revenue increases? And decreasing spending during a slow recession recovery? (and the Dems have gone over to that dark side, too, the fools)

More and more of them will go to the side where they can have the freebies. That will mean less people paying the bills. This is the mechanism by which the economy fails.

Less people paying the bills is directly due to the Bush Tax Cuts. They need to expire. You agree, right? BTW, your "Tea Party" is fighting that. Completely against anybody paying more taxes. Why do you support that craziness?

[jms62]

Originally Posted by Riot

BTW, IMO we are no longer educated enough, or motivated enough, to invent the next high tech stuff anyway.

I think we are educated enough but big business says otherwise as a justification of selling us out for the enrichment of a few.

[jms62]

Originally Posted by joeydb

Obviously we need both jobs and very low debt. And we used to have both, so don't tell me we can't do it again if we make policy to do so.

JMS might be right. It is also true however that an economy where 47% of the people pay no income taxes is also destined to fail. The other 53% won't keep carrying the dead weight. More and more of them will go to the side where they can have the freebies. That will mean less people paying the bills. This is the mechanism by which the economy fails.

Joey there are plenty of uber rich folks in the 47%... Don't kid yourself.

Originally Posted by Riot

They are, and yes, we are. That, after weeks of this crap, both of them had to take to TV to 'esplain it to those that have not been paying attention .... I had a person yesterday that asked me, "So what is all this debt stuff about?" They shouldn't be allowed to vote.

Because if people paid a bit more attention over the past 50 years, we'd never have gotten here.

A 50 question multiple choice test would knock at least 70% of voters out. It's needed.

Check this out...

http://etfdailynews.com/2011/07/25/i...united-states/

[Riot]

Originally Posted by Coach Pants

Check this out...

http://etfdailynews.com/2011/07/25/i...united-states/

Saudi? Bob? JMS? C'mon guys, fess up if it was you ....

Here comes Wall Street today to pressure the GOP - yikes, brutal!

Republican Leaders Voted for Debt They Blame on Obama
http://www.bloomberg.com/news/2011-0...-on-obama.html

And then Alter crucifies Boehner for all his lies in his speech last night
http://www.bloomberg.com/news/2011-0...han-alter.html

[jms62]

If you believe in that the trader has an edge then

http://finance.yahoo.com/q?s=tmv&ql=1

[paulo537]

Originally Posted by Riot

We are in a slow recession recovery. We need jobs. Carrying debt right now is of little consequence.

You really cannot truly believe this, can you?

For every expert who said the recession would last 2 years when it started, there was another who said it would last 5 years.

For every expert who said unemployment would ease after 6 months, there was another who predicted it would top out at 12%.

Same thing with the housing experts.

No one knows. If you had your way with policy AND IF the recession lasts another 3 years, debt service would go from 30% of total fed revenue now to 50% in 5 years.

At that point, the debt level would indeed become be inconsequential as you write because it it would be impossible to manage it and the dollar would be worth 50% of its' current diminished level.

At that time, the next fiscal debate would be how much of the debt should be monetized.

You are incredibly ignorant to think you can just keep spending more and more without there being consequence.

[wiphan]

Originally Posted by Riot

They are, and yes, we are. That, after weeks of this crap, both of them had to take to TV to 'esplain it to those that have not been paying attention .... I had a person yesterday that asked me, "So what is all this debt stuff about?" They shouldn't be allowed to vote.

Because if people paid a bit more attention over the past 50 years, we'd never have gotten here.

Remember riot being dumb or uneducated does not take away your right to vote. That is a constitutional right. If there was an IQ test or a knowledge test prior to being allowed to vote your right we would not be here right now and OBAMA would not be president.

[Danzig]

while we're on the topic of money and the feds....i read a bit today in the paper about obamacare and the states filing suit....i didnt realize til today just how much that plan was going to cost the states to implement. and the costs only get worse by 2020.

[wiphan]

Originally Posted by paulo537

You really cannot truly believe this, can you?

For every expert who said the recession would last 2 years when it started, there was another who said it would last 5 years.

For every expert who said unemployment would ease after 6 months, there was another who predicted it would top out at 12%.

Same thing with the housing experts.

No one knows. If you had your way with policy AND IF the recession lasts another 3 years, debt service would go from 30% of total fed revenue now to 50% in 5 years.

At that point, the debt level would indeed become be inconsequential as you write because it it would be impossible to manage it and the dollar would be worth 50% of its' current diminished level.

At that time, the next fiscal debate would be how much of the debt should be monetized.

You are incredibly ignorant to think you can just keep spending more and more without there being consequence.

Riot believes in the government creating jobs with more government spending. Debt is no big deal. We need rail projects, more government spending to keep the economy going. The economy will never fix itself. We need to the government to fix it. We will let someone else worry about the debt problems we create today. It is the american way or at least was up until most people woke up a few years ago. Take money from the wealthy and create more government albeit temporary jobs.

[paulo537]

Originally Posted by wiphan

Riot believes in the government creating jobs with more government spending. Debt is no big deal. We need rail projects, more government spending to keep the economy going. The economy will never fix itself. We need to the government to fix it. We will let someone else worry about the debt problems we create today. It is the american way or at least was up until most people woke up a few years ago. Take money from the wealthy and create more government albeit temporary jobs.

I have no problem raising wage income, dividend income and estate taxes on the wealthy to temper the deficit. None. Do it, get it done, then at some point, the other guys win both branches and the prez and it gets undone. To me, the most useless money out there is that 3rd/4th generation wealth that does nothing for anyone other than people who did nothing or little to earn it in the first place.

The biggest problem is that Obama is just gutless. He had 18 months to pass legislation that would have sunset the bush tax cuts and cut corporate tax loopholes but he didn't have the stones to do it. He did the same thing on health care when he signed off on a piece of crap bill when he could have done so much more.

Either party is the same to me. They are all rats.

[Riot]

Originally Posted by paulo537

You really cannot truly believe this, can you?
...
You are incredibly ignorant to think you can just keep spending more and more without there being consequence.

I didn't say that. So you can save the "ignorant" comment for your own self's inability to read, thanks.

I said that being in a slow recovery, carrying debt right now is of little consequence. You do not stop spending in a slow recovery or recession - unless you want a depression. Yes, we have to address long-term debt, but the long-term debt is not of immediate concern, until we are in a better recession recovery and have a stronger economy.