Collarspace Discussion Forums


Home  Login  Search 

Ok cons...who are you going to screw?


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Ok cons...who are you going to screw? Page: [1]
Login
Message << Older Topic   Newer Topic >>
Ok cons...who are you going to screw? - 7/24/2011 7:55:18 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Many cons seem to think that NOT raising the debt ceiling by Aug 2 would be fine and we just need to prioritize our spending.

Ok,click the link and go down Bloomberg`s interactive list of invoices that are due Aug. 2 and decide which ones are alright to cut and which ones not to cut to try to make things "balance".

http://about.bgov.com/2011/07/12/august-invoices-show-u-s-treasury’s-limited-choices/

It`s not just for conservatives! Anyone can try and see the dilemmas.

"August Invoices Show U.S. Treasury’s Limited Choices"

"The U.S. government, whose legal authority to borrow money expires on or about Aug. 2, expects to take in $172.4 billion next month — enough to cover little more than half of its bills due then, according to a study for the Bipartisan Policy Center, a research organization.

The U.S. may not have to default on outstanding debts or withhold interest payments for that month; it may be able to cover $29 billion in anticipated interest due on Treasury securities with its cash receipts.

After that, the choices become more difficult. The accompanying chart shows the bills coming due and enables the user to pick which ones to pay with the funds available.

Jay Powell, undersecretary of the Treasury for Finance under President George H.W. Bush, calculated for the policy center that $306.7 billion in bills will come due after Aug. 2. They include Social Security benefits, defense vendor payments and military active duty pay, along with federal pay for every department and agency, in addition to the interest payments.

“The government would be faced with a series of unattractive options and have to prioritize what bills are and are not paid,” he said in a statement last week. Deciding which bills to pay — and which to ignore — may involve many scenarios, Powell said.

Powell’s research also shows that the daily cash-flow outlook would be just as difficult to manage. For example, if the cash shortage begins on Aug. 3, as projected by Treasury, the government may find itself unable to make a $23 billion Social Security payment due to go out that day




< Message edited by Owner59 -- 7/24/2011 7:56:22 PM >

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama
Profile   Post #: 1
RE: Ok cons...who are you going to screw? - 7/24/2011 8:13:28 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Republicans got seriously burned for playing shutdown games in the 90s.

If they're going to try it again, they've become even more absurd than I thought.

(in reply to Owner59)
Profile   Post #: 2
RE: Ok cons...who are you going to screw? - 7/24/2011 8:36:40 PM   
erieangel


Posts: 2237
Joined: 6/19/2011
Status: offline 		Is there even more than a handful of politicians these days who have their constituencies and the nation's best interests at heart?

(in reply to Musicmystery)
Profile   Post #: 3
RE: Ok cons...who are you going to screw? - 7/24/2011 11:38:23 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline
quote:

ORIGINAL: Musicmystery

Republicans got seriously burned for playing shutdown games in the 90s.

If they're going to try it again, they've become even more absurd than I thought.


Music, they did? In "93 or '95?


_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to Musicmystery)
Profile   Post #: 4
RE: Ok cons...who are you going to screw? - 7/25/2011 12:16:24 AM   
SexyBossyBBW


Posts: 1693
Joined: 2/25/2010
Status: offline 		I would be saddened for the poor/disabled, or any disadvantaged/vulnerable person if this happens... I'd feel sad for having to pay higher interests as well. If I were Obama, I'd go the Clinton advice route (raise it), or let the republicans have their day of reckoning, and see where the chips fall. M

_____________________________

"..touching was and still is and always will be the True Revolution" Nikki Giovanni
"Only when there are many people who are pools of peace, silence, understanding, will war disappear." -Osho

(in reply to Owner59)
Profile   Post #: 5
RE: Ok cons...who are you going to screw? - 7/25/2011 12:22:56 AM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: Owner59

Many cons seem to think that NOT raising the debt ceiling by Aug 2 would be fine and we just need to prioritize our spending.

Ok,click the link and go down Bloomberg`s interactive list of invoices that are due Aug. 2 and decide which ones are alright to cut and which ones not to cut to try to make things "balance".

http://about.bgov.com/2011/07/12/august-invoices-show-u-s-treasury’s-limited-choices/

It`s not just for conservatives! Anyone can try and see the dilemmas.

"August Invoices Show U.S. Treasury’s Limited Choices"

"The U.S. government, whose legal authority to borrow money expires on or about Aug. 2, expects to take in $172.4 billion next month — enough to cover little more than half of its bills due then, according to a study for the Bipartisan Policy Center, a research organization.

The U.S. may not have to default on outstanding debts or withhold interest payments for that month; it may be able to cover $29 billion in anticipated interest due on Treasury securities with its cash receipts.

After that, the choices become more difficult. The accompanying chart shows the bills coming due and enables the user to pick which ones to pay with the funds available.

Jay Powell, undersecretary of the Treasury for Finance under President George H.W. Bush, calculated for the policy center that $306.7 billion in bills will come due after Aug. 2. They include Social Security benefits, defense vendor payments and military active duty pay, along with federal pay for every department and agency, in addition to the interest payments.

“The government would be faced with a series of unattractive options and have to prioritize what bills are and are not paid,” he said in a statement last week. Deciding which bills to pay — and which to ignore — may involve many scenarios, Powell said.

Powell’s research also shows that the daily cash-flow outlook would be just as difficult to manage. For example, if the cash shortage begins on Aug. 3, as projected by Treasury, the government may find itself unable to make a $23 billion Social Security payment due to go out that day




O'scumbag had a plan and he refused it.  Why?  Because it didn't include a massive tax increase.  His leftist ideological bent is inflexible.  You can almost hear the music coming from the White House:

"The roof, the roof, the roof is on fire!  We don't need no water, let the motherfucker burn!  Burn motherfucker, BURN!"

Anybody got any marshmallows????


(in reply to Owner59)
Profile   Post #: 6
RE: Ok cons...who are you going to screw? - 7/25/2011 1:07:11 AM   
SexyBossyBBW


Posts: 1693
Joined: 2/25/2010
Status: offline
quote:

lockedaway
I'm just happy your name is the caviat emptor. I like honest people like you. M

_____________________________

"..touching was and still is and always will be the True Revolution" Nikki Giovanni
"Only when there are many people who are pools of peace, silence, understanding, will war disappear." -Osho

(in reply to lockedaway)
Profile   Post #: 7
RE: Ok cons...who are you going to screw? - 7/25/2011 7:55:44 AM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		And the "rightist ideological stance" is what,in your opinion?
If you claim flexibility to the stance being taken on the right than you are an out and out liar.The Norquist pledge leaves little wiggle room...though I have heard reports that he views taking no action and allowing the Bush gift to the rich to expire as not breaking the pledge....semantics at it's finest.
Where is the courage on the right to admit that revenue must be raised.....President Obama has shown his courage in declaring that reforms on the holy trinity of Democratic principals are on the table.....time for the right to "flex"

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to SexyBossyBBW)
Profile   Post #: 8
RE: Ok cons...who are you going to screw? - 7/25/2011 9:23:33 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: lockedaway
O'scumbag had a plan and he refused it.  Why?  Because it didn't include a massive tax increase.  His leftist ideological bent is inflexible.  You can almost hear the music coming from the White House:

"The roof, the roof, the roof is on fire!  We don't need no water, let the motherfucker burn!  Burn motherfucker, BURN!"

Anybody got any marshmallows????

Why you're not on moderation already is anyone's guess but I'm tired of your bullshit.

The President met the GOP more than halfway on spending cuts and expected the GOP to meet him in the middle on new revenue. That is what a compromise is, both sides give something up to get something in return. The GOP flatly refusing to increase revenue by one cent marks them as the intransigent scumbags.

(in reply to lockedaway)
Profile   Post #: 9
RE: Ok cons...who are you going to screw? - 7/25/2011 9:29:12 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: popeye1250

quote:

ORIGINAL: Musicmystery

Republicans got seriously burned for playing shutdown games in the 90s.

If they're going to try it again, they've become even more absurd than I thought.


Music, they did? In "93 or '95?


95/96 --

Clinton's approval rating fell significantly during the shutdown. According to media commentators, this indicated that the general public blamed the president for the government shutdown.[7] However, once it had ended his approval ratings rose to their highest since his election.

During the crisis, Gingrich made a complaint at a press breakfast that, during a flight to and from Yitzhak Rabin's funeral in Israel, Clinton had not taken the opportunity to talk about the budget and Gingrich had been directed to leave the plane via the rear door. The perception arose that the Republican stance on the budget was partly due to this "snub" by Clinton[8] and media coverage reflected this perception, including an editorial cartoon which showed Gingrich having a temper tantrum.[9] Opposing politicians used this opportunity to attack Gingrich's motives for the budget standoff.[10][11] Later, the polls suggested that the event damaged Gingrich politically[12] and he referred to his comments as the "single most avoidable mistake" as Speaker.[13]

The shutdown also influenced the 1996 presidential election. Bob Dole, the Senate Majority Leader, was running for president in 1996. Because of his need to campaign, Dole wanted to solve the budget crisis in January 1996 despite the willingness of other Republicans to continue the shutdown unless their demands were met. In particular, as Gingrich and Dole had been seen as potential rivals for the 1996 presidential nomination, they had a tense working relationship.[14][15] The shutdown has also been cited as having a role in Clinton's successful re-election in 1996.[15]

http://en.wikipedia.org/wiki/United_States_federal_government_shutdown_of_1995_and_1996

(in reply to popeye1250)
Profile   Post #: 10
RE: Ok cons...who are you going to screw? - 7/25/2011 9:30:18 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: erieangel

Is there even more than a handful of politicians these days who have their constituencies and the nation's best interests at heart?

I'm happy with mine. I even communicate with them regularly.

(in reply to erieangel)
Profile   Post #: 11
RE: Ok cons...who are you going to screw? - 7/25/2011 9:33:28 AM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: DomKen


quote:

ORIGINAL: lockedaway
O'scumbag had a plan and he refused it.  Why?  Because it didn't include a massive tax increase.  His leftist ideological bent is inflexible.  You can almost hear the music coming from the White House:

"The roof, the roof, the roof is on fire!  We don't need no water, let the motherfucker burn!  Burn motherfucker, BURN!"

Anybody got any marshmallows????

Why you're not on moderation already is anyone's guess but I'm tired of your bullshit.

The President met the GOP more than halfway on spending cuts and expected the GOP to meet him in the middle on new revenue. That is what a compromise is, both sides give something up to get something in return. The GOP flatly refusing to increase revenue by one cent marks them as the intransigent scumbags.


LOLOL wrong!!!  Wow...you libs are so ridiculous.  Look, Ken, you don't single out one portion of the population (and the fucking smallest portion at that!!!) to draw on to cover for your fuck ups.  OK?  You want to have a meaningful compromise?  Great.  Let's talk about a VAT tax or a federal sales tax and let's couple it with a 10% flat income tax and see how it goes for the next tax season.  We may then have to come back and do a 12.5% flat income tax for a certain bracket and maybe even a 15% flat income tax for those earning over 10mm per year.  Let's also do a balanced budget amendment and do some corporate tax reform as well.  THAT is called compromise!  See?  If O'piece-of-shit ACTUALLY WANTED to help his country, those would be the discussions going on today.  TODAY!  We could do a temporary raising of the debt limit for the immediate situation, handle the rest of what has been outlined and this would be a very different country in only a couple of years.

Ain't gonna happen.  None of it.

(in reply to DomKen)
Profile   Post #: 12
RE: Ok cons...who are you going to screw? - 7/25/2011 9:35:21 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

THAT is called compromise!


Actually, that would be called the Republican agenda, Steve Forbes' version.



(in reply to lockedaway)
Profile   Post #: 13
RE: Ok cons...who are you going to screw? - 7/25/2011 10:00:13 AM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: Musicmystery

quote:

THAT is called compromise!


Actually, that would be called the Republican agenda, Steve Forbes' version.





LOLOLOLOL well...Steve Forbes is a pretty bright guy and his plan is more relevant now than ever.  Could it be that both parties' plans kinda suck and we need to really consider the Forbes plan?

(in reply to Musicmystery)
Profile   Post #: 14
RE: Ok cons...who are you going to screw? - 7/25/2011 11:03:43 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: DomKen


quote:

ORIGINAL: lockedaway
O'scumbag had a plan and he refused it.  Why?  Because it didn't include a massive tax increase.  His leftist ideological bent is inflexible.  You can almost hear the music coming from the White House:

"The roof, the roof, the roof is on fire!  We don't need no water, let the motherfucker burn!  Burn motherfucker, BURN!"

Anybody got any marshmallows????

Why you're not on moderation already is anyone's guess but I'm tired of your bullshit.

The President met the GOP more than halfway on spending cuts and expected the GOP to meet him in the middle on new revenue. That is what a compromise is, both sides give something up to get something in return. The GOP flatly refusing to increase revenue by one cent marks them as the intransigent scumbags.


LOLOL wrong!!!  Wow...you libs are so ridiculous.  Look, Ken, you don't single out one portion of the population (and the fucking smallest portion at that!!!) to draw on to cover for your fuck ups.  OK?  You want to have a meaningful compromise?  Great.  Let's talk about a VAT tax or a federal sales tax and let's couple it with a 10% flat income tax and see how it goes for the next tax season.  We may then have to come back and do a 12.5% flat income tax for a certain bracket and maybe even a 15% flat income tax for those earning over 10mm per year.  Let's also do a balanced budget amendment and do some corporate tax reform as well.  THAT is called compromise!  See?  If O'piece-of-shit ACTUALLY WANTED to help his country, those would be the discussions going on today.  TODAY!  We could do a temporary raising of the debt limit for the immediate situation, handle the rest of what has been outlined and this would be a very different country in only a couple of years.

Ain't gonna happen.  None of it.


That's not compromise that's the GOP wishlist.

Understand this, the progressive income tax is better for more of the people than a so called flat tax or VAT will ever be.

A balanced budget amendment is a stupendously bad idea. How precisely could we have financed WWII if we were required to balance the budget?

(in reply to lockedaway)
Profile   Post #: 15
RE: Ok cons...who are you going to screw? - 7/25/2011 11:06:20 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: Musicmystery

quote:

THAT is called compromise!


Actually, that would be called the Republican agenda, Steve Forbes' version.





LOLOLOLOL well...Steve Forbes is a pretty bright guy and his plan is more relevant now than ever.  Could it be that both parties' plans kinda suck and we need to really consider the Forbes plan?


Be that as it may....

It's the Forbes' plan, not a compromise, you were selling.


(in reply to lockedaway)
Profile   Post #: 16
Page:   [1]
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Ok cons...who are you going to screw? Page: [1]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.095