Originally posted by Denny
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Obama says he cannot guarantee Social Security checks will go out on August 3
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Originally posted by Grape View Postwait wait wait, government isn't smart enough to decide my insurance, but you think they are smart enough to plan my retirement......silly republicans, can't have it both ways.US Politics in three words - Divide and Conquer
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Just checking. I know this pisses me off because Barry is playing chicken. He said as a senator that raising the debt ceiling is a failure of the presidency and no one has brought up the fact that had he not used the 1.4 trillion in 'stimulus' funds, we wouldn't be at the ceiling yetI wear a Fez. Fez-es are cool
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Originally posted by Forever_frost View PostJust checking. I know this pisses me off because Barry is playing chicken. He said as a senator that raising the debt ceiling is a failure of the presidency and no one has brought up the fact that had he not used the 1.4 trillion in 'stimulus' funds, we wouldn't be at the ceiling yet
The government fucks up by doing things we don't want, yet we end up paying for them to continue AND progress their bullshit.
Just waiting on the revolution...
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Originally posted by Denny View PostHAHAHA! They have you scared too!
I know its not true, but it is starting to look like certain members of congress do not want to see the economy improve while obama is in office.
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Originally posted by Denny View PostRight. The entitlements that are "pre-paid" are not the ones that should be cut. If he cuts SS payments, he needs to be terminated. I say cut Congress' pay and benefits. They're the ones that got us into this mess.
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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 U.S. Government can’t 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.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.
Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006Last edited by futant; 07-12-2011, 03:08 PM.
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Originally posted by Cannonball996 View PostI am more afraid of the congress then I am of the president. so far this congress has been worthless, they bitch about jobs and the economy, but they have yet to pass a jobs bill, or any number of trade treaties, all things that will help boost our economy.
I know its not true, but it is starting to look like certain members of congress do not want to see the economy improve while obama is in office.I wear a Fez. Fez-es are cool
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