Good speech

[Dunkopf]

Well if nothing else, Obama gives good speeches. He did a very good job of laying the blame for this debt ceiling mess on the doorstep of his opposition without sounding like he was whining. Boehner on the other hand was clearly backed into a corner on the issue and was in extreme defense mode. I feel a little sorry for the poor guy. He really wants to come to a compromise but his strings are controlled by the new guys on the block and they all made that ridiculous pledge that they can't possibly keep. Interesting times.

Sounds like we might actually get to see what happens if the debt ceiling doesn't get raised. Sure hope the TP guys are right. If all the other pubs and dems are right we might be in for that double dip with no way out. The great experiment that ha lasted for over 2 centuries may end in failure for the inability of one group to give any ground at all.

Dysfunctional is a very apt description of our Congress since 2010. Very sad state of affairs.

 

[redhen]

Yep... scary times...

 

[debilorrah]

Since 2010????

Bring back Reagan. Please?

 

[magicpigeon]

ermm... and while you're at it... take a look at Australia too and oust Gillard... please?

 

[Boyd]

Quote:
Teap Party guys? Don't forget Dunk, the majority of voters in the 2010 elections voted in MANY tea party repubs... And yes, I am all for letting august 2 come and go unless we have a balanced budget plan.

4 trillion saved over 10 years? when the budget puts us 1.1 trillion in the red every year??? Let me see 10x1.1 trillion minus 4 trillion.......... Still in worse shape than we are now plus compounding interest.

Until washington quits spending more than they bring in, let anarchy run its course. I'm sick of half my wages going to taxes anyhow.

 

[rufus]

It doesn't matter is they raise the debt ceiling or not if the Chinese stop buying our Treasury Notes. The only recourse would be to default or run the printing presses. There are no good options here. Either way, people holding US Bonds get taken down the road, by either default or massive inflation.

I do not see an easy way out of our current situation.

Rufus

 

[the-bird-man]

it is scary times for sure. i think they need to cut pork spending, government wast. and the rich need to pay fair taxes. i am sick of people wanting to stick it to the poor and elderly when there is so many other things we should cut. i also think too many people in washington make way too much money.

 

[hcppam]

Good speech SAY Whaaaaat? Keep blaming others, whats new.

 

[the-bird-man]

Quote:
its politics... its always the other guys fault, remember?

 

[kstaven]

It's not a recoverable situation when debt outstrips the GDP. Only hope would be for every american to pay 3/4 of their earnings directly to debt servicing and that would only slow the decline to a worthless dollar.

No matter what a person thinks of any party out there, the mess would be the same mess no matter who got in.