• #24
    Our problem isn't taxation or the lack there of. Our problem is spending. We have already asked the military to do more with less so leave defense spending be and cut spending in other areas like welfare, social security and unemployment benefits.
  • #37
    @Republican5001 I absolutely agree. However, America has spoken! The democrats won! We need to spend more, borrow more and let 'the rich' pay for it all!

    It's the new American mantra: BORROW!
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  • #7
    Have I said I remember thinking that they were kicking too many cans down the road until after the election?
  • #66
    Let's kick out the bought and paid for, war mongering, thieves of Americans'; wealth!

    The GOP does not represent WE THE PEOPLE! ALL need to be thrown out of office!

    In the 2014 and 2016 House elections throw out ALL =

    - 277 Norquist pledge signers
    - get a double play on 214 Repubs who received NRA funding
    - get a triple play on the very same repubs who received AIPAC funding.

    IT's A TRIFECTA- WIN, WIN WIN and don't stop until all Repubs are EXTINCT!
  • #10
    30 years ago the debt was $908B, now $16.4T is not enough. How much do we need? How far down the dark hole of debt should we descend? Why can't the richest nation on earth function w/o debt?

    We put ourselves into this situation by electing those who spend national treasure to support our self-interests; we need to learn to live within our means as a nation, but I fear we have past the painless path already. To fix our spending habit will hurt all of us, mostly our neighbors who can least afford it. Dependency is hard to break, and the majority of us have become dependent on the government.
  • #16
    well said FFX_VA... I share your sentiments... those that are surviving this fiscal debacle are those that have minimal debt.

    "The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own." -John Adams
  • #40
    @FFX_VA No, Cheney did.

    Reagan said "I am not worried about the deficit. It is big enough to take care of itself."
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  • #20
    Three simple words: NO MORE SPENDING. Simple economics 101: If you are at your debt limit, you stop spending and any income goes towards paying down the debt. Now only if we can get the idiots in CONgress to grasp that concept...
  • #35
    I say let's go over the cliff and let the government default. I'm so sick of you liberals trying to spend way beyond what we have the means to spend. At some point, one way or the other, now or later, we will have to face reality: WE'RE BROKE!

    How many of you people continue to spend after you are out of money? When the banks won't loan you more, your credit cards are maxed out, the last dollar in your damn pocket is spent, and family members are sick and tired of loaning your irresponsible self more money, what do you do? Do you sell everything you have, including the shirt on your damn back? What then? What if even then you still feel the need to spend and spend and spend and spend and spend.

    The average person can't just steal someone else's money to make up for their own deficits, unless they're an obama supporter and believe in taxing the rich into extinction.

    I'm tired of the failed obama regime. He and his ruthless heartless administration has been failing Americans for four long hard desperate years. I'm sick of it. If the voters are too stupid to do anything then let's just go over the cliff. You thought modest cuts of 10% to Social Security, welfare, food stamps, etc. was too much to bear? Wait until those programs have to be cut by 50% or more, and in some cases eliminated. We tried to warn you. We tried to tell you to cut a little now so that these stupid worthless entitlements could live a little longer. You ignored us. THIS IS YOUR FAULT!

    Liberals, a whole lot of you will be cursed by your children when they are old enough to realize how you betrayed them. Disturbing. So sad...
  • #43
    Why won't liberals testify? They claim to be the poorest and most helpless amongst us. If that is true, don't they want those they are dependent on to succeed and prosper? How many children would demand that their parents buy them a toy or video game even at the expense of the whole family being able to eat? If mom passes out at the job and is rushed to the hospital, that stupid video game won't matter anymore.

    Liberals, I fall to my knees every Sunday and cry for how far our nation has fallen. I want everyone to have a happy life. Why would I want anything otherwise? But we all have to work for it, we all have to pitch in. The camel can't carry much more. Why won't any of you listen? Why won't you testify? Why do you want to see the entire nation collapse for a few little goodies that don't amount to much anyhow?

    So sad....
  • #54

    Your views of liberals doesnt match ith reality. Actually, very few of your outlooks on the world match with reality....
  • #56
    @woodtick57 - So from your extraordinary grasp of reality, tell me what liberals stand for? I see nothing but decay. Maybe you see different.
  • #27
    Why is it that we only have debates about deficits and debt when a democrat is in the white house, but when a republican is in the white house it's not only ok, it's ok to add to it 'off budget'?

    We have one choice in this one. Raise the debt ceiling or default. If you choose default, you're an idiot.
  • #52
    It's not okay for anyone to spend more than they have. Why won't anyone listen? We have to deal with who is in the White House right now. We can complain about Reagan and Nixon and even go back to Hoover, but the fact is they are not running the country at the moment. Right now, at this very moment every American should look their children in the eyes and promise them to do the right thing and cut the DAMN spending. Soon there will be no nation left because obama will have spent it all. Why won't you testify? So sad...
  • #64
    @Neo_NtheMatrix The point is that this is only an 'issue' when a democrat is in the white house. It was never an issue for the right when they had full control of all branches of govt. In fact, they took a balanced budget and unbalanced it all by themselves, yet there was nothing from people like you. It wasn't until Obama was elected that it became a big deal, just like it wasn't until Clinton was elected that it became a big deal in the 90's. Borrow for a decade and then when the other party gains control point to how much borrowing has occurred (even though most of the borrowing was done by them, not even their party, but them, just look at Paul Ryan for a prime example).
  • #86
    "[The] debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts."
    Quote from David Stockman
    Former Republican Congressman and Director of OMB under Reagan
  • #9
    "A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering... And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." -Thomas Jefferson

    "Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt." -Alexander Hamilton
  • #72
    The lack of knowledge and unwillingness to accept the the implications of the debt and the cliff by the Tea Party is just another episode of "how to shoot thyself in the foot" Aiken and Mourdock were just small little insignificant dolts
    Don't you comprehend the stakes of this game?? We'll be bidding bye bye to more of your principled party members next election. They are not elected to go to Washington with their head's up their a..s. They are sent their to govern for we the people not we the lunatic fringe. Keep marching with that infamous Tea Party Sign "Keep the Government out of my Medicare"
  • #81
    @martydotcom - Why are you addressing that meme to me? I don't play partisan games. I see our government as a single unit. I couldn't care less what faction people are loyal to, as long as they are first loyal to the US Constitution!
  • #92
    @DogLady_1 Just addressing your antiquated quotations that don't apply to next week. I I wonder what Hamilton and Adams would say when the following occurs due to debt celling and cliff failed negotiations:: Social Security payments stop going out, defense worked are laid off by the thousands, Va and Ca economies plummet resulting is massive layoffs MD's refuse to see Medicare, Medicaid patients. Treasury says it would start missing scheduled coupon payments on some US Treasury bonds. Wall Street's view and the world view of investors round the would go into shock as the United States, is the brink of default. The world's safest investment has just became the world's most uncertain, tipping the markets into chaos and selling painic. Everyone's pension, IRA, Home Value, asset value will plummet. triggering a world depression. US currency will not be accepted as payment for imports. Are you still loving the effect of the principles, and quotes of historically far less complex times? Obama made it very clear day after day what his position was on taxation and the majority voted in support. You may disagree but we are a majority rules country. You're principled quotes no compromise, sound inspiring, but have nothing to do with reality facing us in a few days..
  • #96
    @martydotcom - Oh I see, you're one of those people who thinks that a founding father is out of touch with the modern world, right? Yeah, so let's scrap the Constitution and just make it up as we go along... Burn the federalist papers, they are useless. No civilization has ever had to deal with greed and despotism like we do now. The earth was pure as the driven snow when the founders said those things... they lived in a vaccum and knew nothing of what causes the collapse of a nation. They never saw what debt does to enslave a country's people. They never dealt with perpetual warring, empire-building, statism and oligarchies. Yeah, the founders are out of touch with today's society... Yep, let's scratch the Constitution because none of those principles are good any more. We have to just make it up as we go because nothing like this has ever happened in the history of the world, so there are no history lessons to learn from... yeah sure...
  • #103
    @DogLady_1 Cutting taxes on millionaires over the last 20 yrs because they have bought the votes of congress is not what the founding fathers had in mind is it?

    Do you deny that big money tried and failed BUY the election. Did the founding fathers perceive Corporations as people? Did the founding father anticipate unlimited PAC spending? Did they anticipate the elimination of the middle class by enticing and providing tax advantages to companies moving jobs off shore. I don't think the founding fathers would appreciate GE avoiding all taxation, and oil company write offs to decrease the governments revenue flow. Are there spending issues you bet! Are there funding issues via taxation you bet - What's called for are not platitudes, but congress going to work and doing their constitutionally defined job.
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  • #140
    Every dollar that debt clock increases by is a cent stolen from the younger generation. I don't know how our leaders can morally justify it.

    What we need is to gradually implement a balanced budget amendment into the Constitution. Why is the federal government the only entity in the country that's allowed to spend more then it takes in? Our current situation is as though the average American making $45,000 a year was $130,000's crazy.
  • #138
    No More Taxes! Cut Worthless Programs! Able bodied individuals of ALL RACES need to get a job and be productive in society; YES, DO NOT BE A WELFARE FREAK!
  • #127
    "The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that,'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
    ~ Senator Barack H. Obama, March 2006
  • #125
    “Fiscal Cliff” put in a much better perspective.

    * U.S. Tax revenue:$2,170,000,000,000
    * Fed budget:$3,820,000,000,000
    * New debt:$ 1,650,000,000,000
    * National debt:$16,271,000,000,000
    * Recent budget cuts:$ 38,500,000,000

    Let’s now remove 8 zeros and pretend it’s a household budget:
    * Annual family income:$21,700
    * Money the family spent:$38,200
    * New debt on the credit card:$16,500
    * Outstanding balance on the credit card:$162,710
    * Total budget cuts so far:$38.50

    If we go over the cliff do we eventually get to a balanced budget?
    If we go over the cliff do we lower the national debt to reasonable levels?
    If the answer is yes to either question I'm all in.
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