Mitch McConnell is a f***ing Tool
- Thread starter Max E.
- Start date
This is the cold hard fact, many fail to grasp. In a rare moment when he wasn't lying, Geithner said so in so many words, if you read between the lines. It has been fully three years since Paulson the nazi and Bernanke helped ignite this calamity,and no prospects yet, in fact it looks to be getting worse.
This is not a principled stance by the GOP.
"Giving him enough rope to hang himself" is NOT A GOOD F'KIN PLAN when the reality is:
"Give him enough rope to hang himself AND THE REST OF THE COUNTRY WITH HIM."
This is what they are standing up for - retribution against one guy AT THE COST OF THE ENTIRE COUNTRY?
That is the kind of "Leadership" to vote for in the next election???
"Giving him enough rope to hang himself" is NOT A GOOD F'KIN PLAN when the reality is:
"Give him enough rope to hang himself AND THE REST OF THE COUNTRY WITH HIM."
This is what they are standing up for - retribution against one guy AT THE COST OF THE ENTIRE COUNTRY?
That is the kind of "Leadership" to vote for in the next election???
Ummm... Democrats had complete control of all three branches of government for 2-1/2 years. They could have done anything they wanted in terms of individual and corporate tax rates, loopholes, credits, and spending. Anything.
Dems never submitted a budget during that timeframe.
We still have not been favored with any plans from the President.
Quote from bone:
Ummm... Democrats had complete control of all three branches of government for 2-1/2 years. They could have done anything they wanted in terms of individual and corporate tax rates, loopholes, credits, and spending. Anything.
Dems never submitted a budget during that timeframe.
We still have not been favored with any plans from the President.
The obvious answer is he HAS NO PLAN.
So the idea is - give him authority to do what he wants.....
Oh yeah....great plan......
How much clearer can Ben Bernanke be?
The Federal Reserve Chairman has issued a stern warning to Congress repeatedly this year: if it fails to raise the U.S. debt ceiling by Aug. 2, the economic fallout could be "catastrophic," "self defeating" and "dire."
And yet, here we are in mid-July, with the country only three weeks away from a possible default, and Bernanke is repeating his warning again -- this time in his semi-annual monetary policy report to Congress.
"Clearly, if we went so far as to default on the debt, it would be a major crisis because the Treasury security is viewed as the safest and most liquid security in the world," Bernanke said, indicating such an event would raise interest rates and send shockwaves rippling through the entire global system.
And contrary to what some Republicans have proposed, just paying interest on the debt to bondholders may not preserve the nation's pristine credit rating, Bernanke said.
"It's possible that simply defaulting on our obligations to our citizens might be enough to create a downgrade in credit ratings and higher interest rates for us, which would be counterproductive, of course, since it makes the deficit worse," he said.
If Congress does not pass the debt ceiling by Aug. 2, the Treasury Department will not be able to pay at least 40% of its bills -- possibly including payments to Social Security recipients and military pay.
http://finance.yahoo.com/news/Berna...tml?x=0&sec=topStories&pos=main&asset=&ccode=
As noted before, this is routine when it's a Republican President, but when it's a Dem, we get this extortion routine, along with stupid shit like what gets posted on this board.
Idiots.
The Federal Reserve Chairman has issued a stern warning to Congress repeatedly this year: if it fails to raise the U.S. debt ceiling by Aug. 2, the economic fallout could be "catastrophic," "self defeating" and "dire."
And yet, here we are in mid-July, with the country only three weeks away from a possible default, and Bernanke is repeating his warning again -- this time in his semi-annual monetary policy report to Congress.
"Clearly, if we went so far as to default on the debt, it would be a major crisis because the Treasury security is viewed as the safest and most liquid security in the world," Bernanke said, indicating such an event would raise interest rates and send shockwaves rippling through the entire global system.
And contrary to what some Republicans have proposed, just paying interest on the debt to bondholders may not preserve the nation's pristine credit rating, Bernanke said.
"It's possible that simply defaulting on our obligations to our citizens might be enough to create a downgrade in credit ratings and higher interest rates for us, which would be counterproductive, of course, since it makes the deficit worse," he said.
If Congress does not pass the debt ceiling by Aug. 2, the Treasury Department will not be able to pay at least 40% of its bills -- possibly including payments to Social Security recipients and military pay.
http://finance.yahoo.com/news/Berna...tml?x=0&sec=topStories&pos=main&asset=&ccode=
As noted before, this is routine when it's a Republican President, but when it's a Dem, we get this extortion routine, along with stupid shit like what gets posted on this board.
Idiots.
LOL, yeah we should put our trust in that fuckwad Bernanke, how well did QE1, and QE2 work? Since all of this government spending is clearly the path to prosperity maybe we should up our budget deficit to 3 trillion. All of this stimulus has clearly worked wonders.
Next you will get on board with all the other far left people who thought the reason the economy isnt fixing itself is because we simply didnt spend enough. Afterall, when these programs fail repeatedly, it just means we should keep doing it over and over and over.
The road to riches will be paved with freshly printed dollars...
Next you will get on board with all the other far left people who thought the reason the economy isnt fixing itself is because we simply didnt spend enough. Afterall, when these programs fail repeatedly, it just means we should keep doing it over and over and over.
The road to riches will be paved with freshly printed dollars...