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Ultimately, I'm forced to agree completely. Joel Send a noteboard - 09/08/2011 05:09:19 PM
If both houses would've compromised on a smallish tax increase and a smallish spending cut, we would be bringing in more revenue AND spending less money without extending the debt ceiling. But instead, old time politics continued on both sides with an extension of the debt ceiling and big time spending cuts over such a long period that any type of 9/11 type of event will throw the cuts out the window for a war time scenario. Since both decided to entrench themselves on opposite sides, nothing productive was achieved and Obama folded on his promise to not cut entitlements.

Nothing was fixed. The problem with overspending is still there. Both Republicans AND Democrats are to blame and S&P did the right thing to downgrade us. They can see that nothing was fixed by extending out debt ceiling.

I do share Rolands quibble that by this summer it was no longer possible to do that in time to avoid a choice between raising the debt ceiling or shutting down the federal government for a year, but in the final analysis that goes back to Isaacs point that Obama could've submitted and passed a budget last year that cut spending, raised taxes and avoided the need to raise the debt ceiling. Imagine how his poll numbers would look now if he'd balanced the budget a year ago. Hint: When Gingrich forced Clinton to do it in 1995 it was the high point of both their careers, helped extend the economic boom another ten years and left a trillion dollar surplus in the Social Security trust fund when Bush was inaugurated. Yeah, Bush screwed the economy up royally with his insane idea that massive tax cuts were a good way for a nation already heavily in debt to start wars in two countries, but the fact is Bush has been out of office for over two years now; it's past time Obama did something to correct Bushs known and glaring errors (like he promised) instead of perpetuating them.
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I did not say that. - 06/08/2011 06:51:35 AM 1086 Views
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Re: Fun fact - I dated in HS Kenny G's niece..... - 06/08/2011 04:50:35 PM 1072 Views
Sadly, not that niece!!! *NM* - 06/08/2011 06:40:39 PM 535 Views
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Of course one could just read the actual S&P report - 06/08/2011 04:01:07 PM 1130 Views
Sure. - 06/08/2011 04:53:47 PM 1189 Views
not really - 06/08/2011 10:15:32 PM 1000 Views
"the mix of spending and revenue measures" - 06/08/2011 10:23:06 PM 1103 Views
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I read a "mix" to be a mix. - 09/08/2011 12:14:35 AM 1010 Views
So in other words you just ignore the actaull words and read it say what you want it to say *NM* - 09/08/2011 02:07:57 PM 595 Views
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40% is not a small tax increase and a small spending cut - 09/08/2011 04:20:28 AM 947 Views
Why are people making a deal about the debt ceiling increase? - 09/08/2011 03:42:13 PM 976 Views
We do have a debt ceiling for a reason - 09/08/2011 04:05:59 PM 1007 Views
Ultimately, I'm forced to agree completely. - 09/08/2011 05:09:19 PM 1024 Views

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