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Replies: 13
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Paw Warrior [4620]
TigerPulse: 100%
37
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This whole "Fiscal Cliff" thing ....
Oct 13, 2013, 10:10 AM
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I just read ....
Every month the U.S. Gov is obligated to pay 30B in interest to its creditors...
Every month, like manna from heaven, the U.S. Gov RECEIVES 200B in revenue from various tax sources !
Thus, even if the "debt ceiling" IS NOT raised, the U.S. Gov CAN STILL meet its obligations to our various creditors, in fact ITS MANDATED that creditors get paid FIRST ie Our Chinese Lenders
THUS ... are WE (the People), getting hood-winked, spun a story, its all bull-chit? Discuss amongst yourselves ...
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110%er [9771]
TigerPulse: 100%
44
Posts: 13655
Joined: 1998
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take my advice
Oct 13, 2013, 10:38 AM
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don't fill out any credit card apps
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TigerNet Immortal [171740]
TigerPulse: 100%
69
Posts: 48026
Joined: 2007
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is it too late to cash in
Oct 13, 2013, 11:20 AM
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my US Savings Bonds?
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Ultimate Clemson Legend [109073]
TigerPulse: 100%
64
Posts: 70806
Joined: 2002
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Heavens forbid we have to cut $30 billion a month
Oct 13, 2013, 1:36 PM
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in spending. Nope. Not a word out of Washington about doing what every American knows is right.
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TigerNet Champion [121626]
TigerPulse: 100%
65
Posts: 77911
Joined: 2003
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Re: Heavens forbid we have to cut $30 billion a month
Oct 13, 2013, 2:53 PM
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can we lump that 30 on top of the $512 billion Obama has already cut on spending, or shall we continue lying about the facts and say spending has grown under Obama?
at some point the well off are just going to have to pay their fair share like they did in the 1950's when we ran a balanced budget and had money to fund our roads and built the top rated education system in the world.
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All-TigerNet [11208]
TigerPulse: 100%
46
Posts: 18394
Joined: 2003
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Let me fix this for you.
Oct 13, 2013, 7:40 PM
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At some point, the deadbeats are going to have to pay something.
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Ultimate Clemson Legend [109073]
TigerPulse: 100%
64
Posts: 70806
Joined: 2002
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First of all, Obama hasn't cut a penny of spending.
Oct 13, 2013, 11:29 PM
[ in reply to Re: Heavens forbid we have to cut $30 billion a month ] |
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That's Congress' job. Read up on your Constitution.
Second, the fact that less money has been spent has had nothing to do with Obama. His PR budget proposals, several of which have received ZERO votes from his own party, would have sent spending skyrocketing.
And Finally, when the #### did I even mention anything about Obama?
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Paw Master [16760]
TigerPulse: 100%
51
Posts: 18114
Joined: 1999
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What? I didn't realize Obama cut the budget.
Oct 15, 2013, 1:13 PM
[ in reply to Re: Heavens forbid we have to cut $30 billion a month ] |
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Is this wrong?:
http://en.wikipedia.org/wiki/United_States_federal_budget
2006: $2.66 Trillion
2007: $2.73 Trillion
2008: $2.9 Trillion
2009: $3.518 Trillion
2010: $3.456 Trillion
2011: $3.603 Trillion
2012: $3.538 Trillion
2013: $3.803 Trillion
This government is running a trillion dollar deficit every year (you know, give or take a hundred billion). Where are these cuts from Obama? Is he now taking credit for the Sequester?
What am I saying? Of course he is.
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All-Pro [673]
TigerPulse: 96%
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He thinks a cut in the rate of growth is a cut.
Oct 15, 2013, 1:23 PM
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Is hows just how hopeless the situation is. Balm knows we haven't cut any spending, just slowed the rate of growth.
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Ultimate Tiger [35200]
TigerPulse: 100%
56
Posts: 39316
Joined: 2003
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No...he just doesn't know what the heck he's talking about..
Oct 15, 2013, 3:25 PM
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I think he actually thinks federal spending went down by $500BB, which makes him....well, never-mind.
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Varsity [104]
TigerPulse: 92%
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Your pronouncing it wrong...it is Physical Cliff.***
Oct 15, 2013, 1:48 PM
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All-Time Great [88837]
TigerPulse: 100%
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Posts: 81701
Joined: 1999
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Not true:
Oct 15, 2013, 3:44 PM
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It doesn't matter if we bring in 200B or month or 400B.
The US treasury department has been using what are called "extraordinary measures" to pay the nation's bills since the nation reached its current debt limit in May.
Those extraordinary measures will be exhausted October 17. We won't be allowed to pay our bills after October 17 withouth raising the debt limit.
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All-Pro [673]
TigerPulse: 96%
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I think what he is trying to say is
Oct 15, 2013, 3:49 PM
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That by definition a "default" would mean not paying the interest on our national debt. And since it is law that we pay the banksters first and there is plenty of money to pay the interest we won't "default."
However you are right that if we don't raise the debt ceiling certain government expenses simply can not be met. Which programs we chose not to fund should be interesting.
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Ultimate Tiger [33434]
TigerPulse: 100%
56
Posts: 32213
Joined: 2004
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Hey krzy***
Oct 29, 2013, 9:15 AM
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Replies: 13
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