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So, uh... About that debt ceiling.

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  • #16
    I think its time america pays its debt and to pay it off sooner then later means raising taxes.

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    • #17
      and out of bond funds?

      Originally posted by Broncojohnny View Post
      My take:There won't be a QE3 program and the Fed will raise interest rates several times before the end of the year.
      don't bonds take a tubble when interest goes up?
      Don't worry about what you can't change.
      Do the best you can with what you have.
      Be honest, even if it hurts.

      "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; Its inherent virtue is the equal sharing of misery" ... Winston Churchill

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      • #18
        That still won't work unless they cut back on spending

        Originally posted by Cannonball996 View Post
        I think its time america pays its debt and to pay it off sooner then later means raising taxes.
        Good luck getting that to happen.
        Don't worry about what you can't change.
        Do the best you can with what you have.
        Be honest, even if it hurts.

        "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; Its inherent virtue is the equal sharing of misery" ... Winston Churchill

        Comment

        • #19
          Originally posted by jyro View Post
          don't bonds take a tubble when interest goes up?
          The price of existing bonds will go down. The time to buy bonds is when rates are high as hell. You don't just collect the interest, you wait for rates to go down and then unload them at a premium to their face value.
          Originally posted by racrguy
          What's your beef with NPR, because their listeners are typically more informed than others?
          Originally posted by racrguy
          Voting is a constitutional right, overthrowing the government isn't.

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          • #20
            Originally posted by Cannonball996 View Post
            I think its time america pays its debt and to pay it off sooner then later means raising taxes.
            Or stop paying old people. Those are basically your two choices. I'm not happy with anything unless their is a balanced budget amendment included. If there isn't, we will be in this same boat again 30 years from now because government bankrupts everything it touches.
            Originally posted by racrguy
            What's your beef with NPR, because their listeners are typically more informed than others?
            Originally posted by racrguy
            Voting is a constitutional right, overthrowing the government isn't.

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            • #21
              Originally posted by Cannonball996 View Post
              I think its time america pays its debt and to pay it off sooner then later means raising taxes.
              The problem I see with this is that, without very careful legislation, we will see the taxes raise and, with their new spending power, the taxes will never go back down.

              Comment

              • #22
                Originally posted by Broncojohnny View Post
                Or stop paying old people. Those are basically your two choices. I'm not happy with anything unless their is a balanced budget amendment included. If there isn't, we will be in this same boat again 30 years from now because government bankrupts everything it touches.
                Yep, the first mention of cutting SS and Medicare and the AARP will make the unions seem generous. Old people vote.
                Originally posted by davbrucas
                I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                You and slow99 should date. You both have passive aggressiveness down pat.

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                • #23
                  Originally posted by Denny View Post
                  If I knew for sure, I'd be busy moving something somewhere. I'll post up if my dumb ass figures it out, though.
                  Ha... I don't even know if I want to try and explain this one here!
                  Originally posted by davbrucas
                  I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                  Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                  You and slow99 should date. You both have passive aggressiveness down pat.

                  Comment

                  • #24
                    Originally posted by Yale View Post
                    WTF are we gonna do? Actually elect Ron Paul POTUS? Fuuuuuuuuuuuck!!!! Can we get some real spending cuts in this motherfucker? Can we end the Fed while we're at it?
                    All good ponzi schemes eventually come to an end. Madoff sits in jail, but Congress still draws a paycheck. You figure that one out, and you'll be king someday.

                    Comment

                    • #25
                      Originally posted by slow99 View Post
                      Ha... I don't even know if I want to try and explain this one here!
                      It would probably be beyond my comprehension anyway.

                      Comment

                      • #26
                        Originally posted by Denny View Post
                        It would probably be beyond my comprehension anyway.
                        No. pm coming.
                        Originally posted by davbrucas
                        I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                        Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                        You and slow99 should date. You both have passive aggressiveness down pat.

                        Comment

                        • #27
                          Originally posted by slow99 View Post
                          No. pm coming.
                          Can I get an opinion via pm? I promise not to post it.
                          ZOMBIE REAGAN FOR PRESIDENT 2016!!! heh

                          Comment

                          • #28
                            Originally posted by slow99 View Post
                            No. pm coming.
                            Shoot that explanation my way if you don't mind.

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                            • #29
                              Originally posted by slow99 View Post
                              Yep, the first mention of cutting SS and Medicare and the AARP will make the unions seem generous. Old people vote.
                              AARP and the baby boomer generation would gladly see the ship sink if it meant they get to draw one more SS check.

                              Biggest leviathan lobby in all of Washington.

                              Comment

                              • #30
                                Originally posted by 32vfromhell View Post
                                AARP and the baby boomer generation would gladly see the ship sink if it meant they get to draw one more SS check.

                                Biggest leviathan lobby in all of Washington.
                                It would appear y'all are correct.
                                http://www.msnbc.msn.com/id/42773405/ns/politics-capitol_hill/
                                ZOMBIE REAGAN FOR PRESIDENT 2016!!! heh

                                Comment

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