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-   -   Have you seen this? RE: Debt & Debt Ceiling. (http://www.discussworldissues.com/forums/showthread.php?t=98820)

ivandiadser 07-28-2011 05:11 AM

Have you seen this? RE: Debt & Debt Ceiling.
 
This is from an article in the WSJ titled "The Antidote for Socialism" by Pete DuPont.

It can be found here:

http://online.wsj.com/article/SB1000...DDLETopOpinion

It's a good article, basically lays out the November 2012 decision in about a page.. But there's one part of it that REALLY SHOULD be shouted from the rooftops.. and somehow it's not. It is just lost in all the noise surrounding the "debt ceiling" debate.

The federal debt held by the public as a share of GDP was 40.3% in 2008, 53.5% in 2009, and 62.2% in 2010, and it is estimated at 72% this fiscal year. That's too much.. It's a legitimate threat ot national security and our place on the world stage.

AFAIAC, the debate is over. There should be no increase in this artificial "ceiling"

In fact, Boehner is pushing a plan now to essentially write a trillion dollar check that is expected to last until next January.. At which point we will have to do this ALL OVER AGAIN.

I think that pretty much punctuates the entire argument. There's just no room for this, It's time for leadership. We can't afford it.

Election cycle politics be damned.

glasscollector 07-28-2011 05:13 AM

Please also bear in mind that there is no proof that we can reliably extract more than about 18-20ish percent of GDP in taxes..

merloermfgj 07-28-2011 06:01 PM

IT'S TIME TO HIT THE WALL.

WE'RE BETTER OFF WITH NO CREDIT THAN WITH WHAT WE HAVE.

NO MORE BAILOUTS FOR THE CONGRESS!

LET'S TAKE THIS BITCH INTO THE WALL NOW!!!

http://i919.photobucket.com/albums/a...etchofGoat.jpghttp://l.yimg.com/a/i/us/tr/buildings/india.jpghttp://i919.photobucket.com/albums/a...etchofGoat.jpg


IGNORE ISRAEL.

FIRE THE U.S. CONGRESS.

HIT THE WALL!!!!!!!!!!!!!!!!!!!!

FUCK THIS GOD DAMNED NIGGERSHIT!!!!!!

PZXjoe 07-28-2011 06:10 PM

Quote:

This is from an article in the WSJ titled "The Antidote for Socialism" by Pete DuPont.

It can be found here:

http://online.wsj.com/article/SB1000...DDLETopOpinion

It's a good article, basically lays out the November 2012 decision in about a page.. But there's one part of it that REALLY SHOULD be shouted from the rooftops.. and somehow it's not. It is just lost in all the noise surrounding the "debt ceiling" debate.



That's too much.. It's a legitimate threat ot national security and our place on the world stage.

AFAIAC, the debate is over. There should be no increase in this artificial "ceiling"

In fact, Boehner is pushing a plan now to essentially write a trillion dollar check that is expected to last until next January.. At which point we will have to do this ALL OVER AGAIN.

I think that pretty much punctuates the entire argument. There's just no room for this, It's time for leadership. We can't afford it.

Election cycle politics be damned.
I have not seen it. i don NOT understand WHY any politician would do this to our country. why lead us to ruin?
under the guise of politics, they will purposefully see us weak and vulnerable?

wtf are they thinking? planning?

WE ARE GODDAM MISSING SOMETHING BIG HERE.
full of secrets. what i would give to be a fly on the wall.
THIS IS CORRUPTION!

artkolkovk 07-28-2011 06:16 PM

THEY THINK YOU WILL PAY AN 85% TAX RATE.

Qynvtlur 07-28-2011 06:19 PM

BOEHNER IS USELESS.

IF HE "MAKES A DEAL" THE DEMOCRAPS WILL

KEEP THE SENATE AND THE RECESSION WILL ROLL ON

FOR YEARS.


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