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    Posted: Jul 16 2011 at 11:24am
              When do we put on the brakes and stop
 spending? Why are we being led into another round
 of fear tactics by the big spenders?
         One of the most whacked-out excuses for raising
 the debt ceiling is that we, [ the U.S. ] will lose our good credit rating, and pay more interest on any money
 we happen to barrow. Why in hell are we barrowing money from anybody? We are supposed to be the most
 powerfull nation in the world, with the biggest and best
 economy, but we now must barrow money to pay our bills? One would think we have too many bills to pay,
 and we have spent too much.
          The only discussion that should be on the table
 to address this debt ceiling "crisis" is to cut all future
 spending untill we no longer owe anybody anything.
      The talk of default is pure fear tactics, and any
 fool would know this. We need only to cut waste, and
 end foolish spending on government expansion to get
 our debts paid off & our budget in the black.
        We are being extorted again, just like when
 Hank Paulson walked into Congress & said the world
 as we knew it would collapse if we didn't give the
 Wall Street bankers 8oo billion dollars. Geithner &
 Bernake are now foaming at the mouth with the same type lies.
             The jerks in place, from both parties, are now
 in the process of buying into these lies and will soon
 sell out the people to more extortion.
         I am venting about this criminal activity, but understand that the public will do nothing to stop it.
     I used to think people had brains they weren't using.
 Now I believe that most of them have no brains at all.
    If the debt ceiling is raised it will prove that the
 general public have no brains to put to use.
          We are now witnessing the early actions by
 our elected officials that will progress to the ultimate
 destruction of the United States from within.
         This is the beginning of economic terrorism.
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jeff Quote  Post ReplyReply Direct Link To This Post Posted: Jul 19 2011 at 11:25am
 
"When do we put on the brakes and stop
 spending?"
Only after it's too late.
 
 
 
"Why are we being led into another round
 of fear tactics by the big spenders?"
Because it's politically expedient. It's FAR less painful for politicians to
come at our debt like this than to do the hard thing - start pulling big
money out of the military and other entitlements. That'd be the correct
approach - but no politician wants to go home to his constituents and
say, "Well, the Army base is going to close and S.S. benefits are being cut...
sorry, but it's what's best for everybody!
 
 
 
"Why in hell are we barrowing money from anybody?"
Because we're not making those big, painful spending cuts
that would find the money we need to avoid having to borrow.
So we have to borrow. The money is owed. We gotta pay.
Since there's no political will to seriously rein in spending,
the borrowing will go on. Unfortunately.
 
 
 
"Now I believe that most of them have no brains at all."
Welcome to the club! They don't!
 
 
 
 
 
 
Jeff
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 22 2011 at 6:34am
          Lets all chip in a few bucks and buy Obama
 & Boehner another round of golf so they can come
 to an agreement on how to screw the American people
 again. It might take two rounds, but it might speed up
 the process.
         Wall street already knows that a deal has been
 crafted to benifit them. 300 point rize in two days....
    It don't look like armageddon on the street !
   Geithner and Bernake must be making vacation plans.
          Both parties claim their leaders betrayed them,
 while Boehner & Obama yuk it up at the 19th hole.
     Let's get this golf game going! We gotta save
  Grandma's SS check, kill somemore brown people, and print up somemore CDO's and credit default swaps !!!
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 23 2011 at 10:17am
          I am going to make a prediction on what may
 happen next in this debt ceiling extortion business.
       Paulson in 2007, and now Geithner claim that we
 will see Wall Street crash if we don't see the debt limit
 increased.
          I will bet that Wall Street will drop around 500+
 points in the coming days. This will be Wall street's
 way to force the issue. It will be a economic "false
 flag" attack. Watch the market on Monday and see
 if I am right. Powerful people are at work here, folks.
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jeff Quote  Post ReplyReply Direct Link To This Post Posted: Jul 24 2011 at 5:59am
If the ignorati in congress actually do fritter away the remaining time
and don't get this done, there will be dire consequences.
There shouldn't have to be any debate on that point.
 
The cost of borrowing money will go up. For everybody.
And there will be dozens of other toxic side effects
that will plague the Federal Government and
consumers alike.
 
Regardless of the fact that we've reached critical mass,
our elected officials still aren't interested in
getting a deal done.
 
Brinksmanship and bullshit.
That's the best we get anymore.
 
 
Jeff
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 24 2011 at 1:39pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote M I X E Y Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 1:01am
That's interesting Toad.

I've been staying away from commenting about this topic, because the debate as it's being broadcast, looks like theater to me... and there it is... someone else feels the same.

All I want to know is... do I leave my money in the bank, or stuff it in my mattress?

Mixey
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jeff Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 5:10am
 
The mattress could possibly be the smarter choice, seeing as how
you're barely earning any interest in your bank account these days.
 
Jeff
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dream207 Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 6:14am
I heard on the news the U.S. is the only major country that has a debt celling, and I think they said Norway is the only other country that has one.  If it's true, I wonder why.
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 6:43am
        Let's get real for a minute.....
    I don't think there is a person in our little village here
 that can explain the "Ryan Plan",The "Cut,cap & Balance" plan,or the "Gang of six" plan.
        How can the public take a role to approve or disapprove of these "plans" if we don't know whats in them? Where are the Democrat's plans?
        I have heard the Dems will not pass the cut, cap,
 and balance plan, but they won't say why. I have also
 heard that the "gang of six" plan will stop COLA increases to Social security. Seniors won't go for that
 if they find out.... I view all these "plans" as agenda
 programs from special interest groups and lobbyists.
  None address the concerns of the general public.
  The general public are ignorant to what is contained
 in these plans.
           
There is one thing you can take to the bank,
 Mixey & Jeff. The FED, who controls your bank, want
 the debt ceiling raised. They are depending on the
 raise so they will get their national debt interest
 payments on the "funny money" they printed out of
 thin air.
              The FED is the conglob of BIG Wall Street Banks that have destroyed our economy over time.
   The FED chairman,Ben Bernake won't tell the American
 public where and how they spend our money. He is however telling the public that the ceiling must be raised, or the economy will fall apart.
      The U.S. Treasury secretary,Tim Geithner repeats
 Bernake's threats, and says terrible things will happen
 if the debt ceiling isn't raised.
        The TRUTH about all of this is quite differant than
 what you are hearing from all these people.
     IT'S ALL ABOUT THE FED GETTING THEIR MONEY.
   Our money. REAL money. Money that was EARNED
 through labor,blood and sweat. They print money,backed with nothing,toss it into our economy and
 foreign economies and then sit back and wait for it
 to come back to them in interest payments from people
 who were forced to earn it through their work.
      The more they print, the less the currency is worth.
 It's a inflation machine that is now out of control.
         The FED WILL GET PAID by hook or crook.
    If the ceiling isn't raised the FED will raise interest
 rates on ALL outstanding debt. In other words.....
   EXTORTION. LOAN SHARK EXTORTION.
        All the phoney explinations,all the phoney fear
 talk about the credit agencie's downgrades, all the
 fear about Wall street crashing,& fear of riots in the
 streets like Greece is bullshit. The Dow is already 4 or 5
 thousand points higher than it should be during this
 on going recession, so if it goes down 4 or 5 thousand points it will be the correction that everybody knows
 will happen in time.
         It's all about the FED. The too "big to fail" Wall
 Street Banks. They nearly wiped out the economy in
 2007, and now they are at it again in 2011.
    It is time to shut these jerks down for good. They
 are the single biggest threat to our Nation.
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 6:53am
       Someone please tell me.. How are we ever going
 to pay off our debt, if the FED continues to print "Funny
 Money?"
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jeff Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 10:37am
 
We won't pay off our debt, Toad. Not as long as there are enough
politicians who do not view this as an important issue.
 
The fact of the matter is, there are more than just a couple of senior
politicians who do not believe that paying down the debt matters at all.
 
Dick Cheney is on record as having poo-poo'd the whole notion
that this needs to be a priority. I'd love to hear his explanation again.
Jeff
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Post Options Post Options   Thanks (0) Thanks(0)   Quote M I X E Y Quote  Post ReplyReply Direct Link To This Post Posted: Jul 25 2011 at 9:02pm
Not only is it funny real money Toad, it's funny counterfeit money... estimated that in NY, every 1 in 200 $100 bills is a counterfeit $100.

With counterfeiting activities on the rise, big box stores are more reluctant to want to catch them. Explain that logic! Shouldn't it be the other way around?

I think I mentioned this before; but it applies here again. When I was training police in the stolen car divisions here in CA and NV a few years ago, I began noticing that certain car rental companies were annoyed if I'd locate their stolen vehicles. Turns out these companies also owned insurance agencies. Somehow they were making money off of their vehicles going missing. It's possible that the same thing is going on with funny money. I was a private contractor, by the way... I've never worked as or was trained as a police officer... good grief. I have a knack for finding stuff, without leaving my house... something I don't do anymore, because I don't enjoy being in contact with scary people... usually on the "right" side of the law, by the way.

I agree with you Toad... and no... I couldn't begin to explain those programs. I'm sick of all of the labels without better explanations.

I too feel that the Fed will be getting paid back with higher interest rates on loans. Unfortunately, people on fixed incomes, who depend on their money earning interest, will be looking at their interest rates going down, if that's even possible to go lower than it is already.

The greed is seriously out of hand; and more people will lose their homes if the interest rates on loans go up. How is that going to help anyone?

Dream that's interesting about Norway and this country being the only countries with the debt ceiling. Where did you find that information? I've been looking.

Money in the mattress sounds good to me Jeff.

I listened to the President's speech... and then the Speaker of the House. As I said before, this looks like play acting to me. I feel fairly certain that the outcome has already been agreed upon. Why else would these 2 be giving their sides? A US President... stepping aside, and then someone else gets up there in disagreement? It's unheard of and nuts and I don't believe it's genuine. It's a show, IMO.

Mixey
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dream207 Quote  Post ReplyReply Direct Link To This Post Posted: Jul 26 2011 at 6:20am
Hi Mixey, 
 
I don't remember which network I was on when I heard it, or thought I heard it.  I was passing through the room and was quite surprised when I heard the reporter say it.
 
dream
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jeff Quote  Post ReplyReply Direct Link To This Post Posted: Jul 26 2011 at 6:21am
 
 
Like some of you I feel certain that an end strategy has been devised,
and is in place, ready to be implemented the moment we bang into the deadline.
It's abundantly clear that neither side wants to appear as though
they are backing down. They will not work together. 
 
The pointless bit of theater we were force-fed on the TV last night by
the two lead Bozos was just more brinksmanship and bullshit.
Unhelpful and meaningless.
 
I can't wait for people's lightbulbs to begin snapping on after this
stupid bit of theater has gone on long enough... people may actually
begin to see that the king really isn't wearing any clothes. Just maybe.
 
 
 
 
 
 
 
Jeff
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dream207 Quote  Post ReplyReply Direct Link To This Post Posted: Jul 26 2011 at 6:51am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 26 2011 at 7:38am
            We have a debt ceiling because we have the
 ability in our country to print money out of thin air.
 [ FED funny money ] I'm not sure that Norway can do this.
          This "crsis" is nothing more than the FED
 [Wall street bankers] once again holding the nation
 hostage..in order to print more funny money from
 nothing. The only componate that the Congress and
 the President adds to this story is to determine who
 gets cut up & who don't.
       They won't cut the obvious: Interest payments to the FED [1.6 trillion]...or The Military, another 1.3 trillion.  They would rather throw Grandma under the train. They want to eliminate COLA increases to Social
 Security, but won't stop bombing brown people in over
 six foreign nations.
        Another tid-bit to think about: J.P.Morgan/Chase
 bank [FED member] makes money from Food stamps
 that are issued all over the country. They issue the cards. Do ya think there might be a incentive there to
 make sure Grandma don't get a SS increase? DUH...
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 26 2011 at 9:47am
          Did you ever hear of this bill being debated
 or passed? Look at the date it was introduced by
 Congressman Ron Paul.
 
 
 toad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dream207 Quote  Post ReplyReply Direct Link To This Post Posted: Jul 27 2011 at 8:59am
I thought the speeches by Obama and Boehner the other night were disgusting.  Neither speech was a speech of compromise.  Both were partisan in tone, each blaming the other party.  BOTH are equally to blame for the stalemate.  I was pleased to hear Congressional offices and the White House were flooded with calls and e-mails to the extent their systems crashed.
 
Obama wants a big deal now to avoid revisiting the issue in 6 months because he'll be in the middle of his re-election campaign.  Boehner is cow towing to the tea party members of the House.  I am not pleased with either side.  They are so late on this, our credit rating is apt to be affected even if they reach a deal.  This will lead to more problems for ordinary Americans who are struggling as it is.  I'm sick of listening to partisan hacks like Schumer from NY and his Republican opponents debate all this on TV.  Both parties turn me off completely.
 
GET THE JOB DONE!!!  Make sure veterans, those in the military and Social Security recipients get their checks.  To hell with any of you getting yours!
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toad Quote  Post ReplyReply Direct Link To This Post Posted: Jul 27 2011 at 2:52pm
        Here is some reading as to what Boehner
 is trying to push for and what it will do.
 
 
    From what I hear, Reid's plan sucks too.
 
     America wants the spending stopped, with no more
 bullshit. I say fire them all !!!
 
 toad
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