So the US is gonna run out of money on March 4th if they don't pass...

2011-01-31 19:12:16

#1

Hurricane2k9: Pendulous Sweaty Balls; +1,538|5835|College Park, MD

...a bill. And then we'll hit the debt ceiling unless we also pass another bill:

On March 4th the federal government will run out of money unless Congress first passes a bill voting more; a few weeks after that, it will bump up against the federal debt ceiling, now set at an apparently insufficient $14.3 trillion, unless, again, Congress votes to increase it. Both measures must be passed by a House of Representatives now firmly in Republican hands, and also require the support of seven or more Republican senators. The Republicans have vowed to exact deep spending cuts in return for their assent. The president will not accept these. The stage is set for a savage spring.

http://www.economist.com/node/18010469

Anyone think we'll actually get something passed before then, or will it be a repeat of the Federal government shutdown in the 90s?

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2011-01-31 19:24:08

#2

unnamednewbie13: Moderator; +2,053|6905|PNW

We really have no choice. Government spending must be cut to mirror the budget constraints of the American people. Problem is, I don't trust the Republicans to be any more frugal than the Democrats.

2011-01-31 19:26:48

#3

13urnzz: Banned; +5,830|6630

unnamednewbie13 wrote:
We really have no choice. Government spending must be cut to mirror the budget constraints of the American people. Problem is, I don't trust the Republicans to be any more frugal than the Democrats.

why would you? ever since St. Reagan, they've proven they're as likely to live off debt . . .

2011-01-31 19:26:56

#4

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6286|what

Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.

It'll have to be raised though.

$14.3 trillion wasn't enough.. that's scary.

2011-01-31 19:29:50

#5

Hurricane2k9: Pendulous Sweaty Balls; +1,538|5835|College Park, MD

Our spending is so ridiculous. If I tried using my money the way our government does, I'd be on my ass in the streets faster than you can say bankruptcy.

2011-01-31 19:45:23

#6

Macbeth: Banned; +2,444|5719

AussieReaper wrote:
Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.

Uh the healthcare bill only reduced the defict because it raised taxes.

2011-01-31 19:48:10

#7

Doctor Strangelove: Real Battlefield Veterinarian.; +1,758|6601

Hurricane2k9 wrote:
Our spending is so ridiculous. If I tried using my money the way our government does, I'd be on my ass in the streets faster than you can say bankruptcy.

The government has a much better credit score than you. Why the debt isn't an immediate problem.

2011-01-31 19:52:23

#8

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6286|what

Macbeth wrote:
AussieReaper wrote:
Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.
Uh the healthcare bill only reduced the defict because it raised taxes.

But it's a job killing spend spree! lol It's headed to the supreme court anyway - so it's going to be interesting what happens when it gets there.

2011-01-31 20:16:17

#9

Macbeth: Banned; +2,444|5719

Doctor Strangelove wrote:
Hurricane2k9 wrote:
Our spending is so ridiculous. If I tried using my money the way our government does, I'd be on my ass in the streets faster than you can say bankruptcy.
The government has a much better credit score than you. Why the debt isn't an immediate problem.

And if they tun up their debt too high their credit rating goes down. So it is a problem.

AussieReaper wrote:
Macbeth wrote:
AussieReaper wrote:
Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.
Uh the healthcare bill only reduced the deficit because it raised taxes.
But it's a job killing spend spree! lol It's headed to the supreme court anyway - so it's going to be interesting what happens when it gets there.

It raises taxes on investments which would hurt job growth a bit.

2011-01-31 20:34:18

#10

Stubbee: Religions Hate Facts, Questions and Doubts; +223|6876|Reality

burnzz wrote:
unnamednewbie13 wrote:
We really have no choice. Government spending must be cut to mirror the budget constraints of the American people. Problem is, I don't trust the Republicans to be any more frugal than the Democrats.
why would you? ever since St. Reagan the Forgetful, they've proven they're as likely to live off debt . . .

Have to give the guy his full title.

The US economy is a giant Ponzi scheme. And 'to big to fail' is code speak for 'niahnahniahniahnah 99 percenters'

2011-01-31 20:39:15

#11

Dilbert_X: The X stands for; +1,812|6239|eXtreme to the maX

Stubbee wrote:
burnzz wrote:
unnamednewbie13 wrote:
We really have no choice. Government spending must be cut to mirror the budget constraints of the American people. Problem is, I don't trust the Republicans to be any more frugal than the Democrats.
why would you? ever since St. Reagan the Forgetful, they've proven they're as likely to live off debt . . .
Have to give the guy his full title.

St Reagan the Puppet, to be accurate.

Last edited by Dilbert_X (2011-01-31 20:43:23)

Русский военный корабль, иди на хуй!

2011-01-31 21:47:48

#12

Cybargs: Moderated; +2,285|6849

AussieReaper wrote:
Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.

It'll have to be raised though.

$14.3 trillion wasn't enough.. that's scary.

That's the US GDP for one year. US isn't that bad in debt as most people think, at least a lot better than Europe.

https://cache.www.gametracker.com/server_info/203.46.105.23:21300/b_350_20_692108_381007_FFFFFF_000000.png

2011-01-31 22:08:33

#13

Kmar: Truth is my Bitch; +5,695|6734|132 and Bush

unnamednewbie13 wrote:
Problem is, I don't trust the Republicans to be any more frugal than the Democrats.

Everybody wants to cut the spending so long as it's not cutting in the areas and interest they represent. I saw a chart once that had all of the "fiscal Conservatives", and the amount of money they took in locally for their states/districts with the first stimulus. Ridiculous.

Xbone Stormsurgezz

2011-01-31 22:17:04

#14

-Sh1fty-: plundering yee booty; +510|5607|Ventura, California

fucking liberals, republicans wouldn't let this happen.

On a serious note, I might sit back and try to learn something on this one.

And above your tomb, the stars will belong to us.

2011-01-31 22:20:15

#15

RDMC: Enemy Wheelbarrow Spotted..!!; +736|6698|Area 51

Cybargs wrote:
AussieReaper wrote:
Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.

It'll have to be raised though.

$14.3 trillion wasn't enough.. that's scary.
That's the US GDP for one year. US isn't that bad in debt as most people think, at least a lot better than Europe.

*Better than some Euro countries.

2011-01-31 22:44:32

#16

Cybargs: Moderated; +2,285|6849

RDMC wrote:
Cybargs wrote:
AussieReaper wrote:
Funny thing is that the spending cuts the Republicans want are the the exact things Obama set as campaign promises.

eg: Health Care.

It'll have to be raised though.

$14.3 trillion wasn't enough.. that's scary.
That's the US GDP for one year. US isn't that bad in debt as most people think, at least a lot better than Europe.
*Better than some Euro countries.

Better than most of Europe

2011-02-01 03:02:28

#17

11 Bravo: Banned; +965|5370|Cleveland, Ohio

Hurricane2k9 wrote:
Our spending is so ridiculous. If I tried using my money the way our government does, I'd be on my ass in the streets faster than you can say bankruptcy.

you dont have money..its your parents money

2011-02-01 03:04:58

#18

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6286|what

Cybargs wrote:
RDMC wrote:
Cybargs wrote:
That's the US GDP for one year. US isn't that bad in debt as most people think, at least a lot better than Europe.
*Better than some Euro countries.
http://upload.wikimedia.org/wikipedia/c … ld_map.PNG

Better than most of Europe

Most of Africa is doing better than the US?

2011-02-01 03:07:17

#19

Spark: liquid fluoride thorium reactor; +874|6808|Canberra, AUS

Pretty hard to borrow money if no one has any in the first place eh

The paradox is only a conflict between reality and your feeling what reality ought to be.
^{~ Richard Feynman}

2011-02-01 03:42:49

#20

Dilbert_X: The X stands for; +1,812|6239|eXtreme to the maX

-Sh1fty- wrote:
fucking liberals, republicans wouldn't let this happen.

On a serious note, I might sit back and try to learn something on this one.

Good thinking.

Русский военный корабль, иди на хуй!

2011-02-01 03:51:20

#21

Kmar: Truth is my Bitch; +5,695|6734|132 and Bush

^ its more important to look at who was in congress during those times. Congress after all writes the check. Its also important to note that the us economy is so large that by the time policy takes effect another president is in office. Our economy is slow to respond to changes in policy. That image is a rather simplistic way to judge history.

Xbone Stormsurgezz

2011-02-01 03:56:09

#22

unnamednewbie13: Moderator; +2,053|6905|PNW

burnzz wrote:
unnamednewbie13 wrote:
We really have no choice. Government spending must be cut to mirror the budget constraints of the American people. Problem is, I don't trust the Republicans to be any more frugal than the Democrats.
why would you? ever since St. Reagan, they've proven they're as likely to live off debt . . .

http://www.theskanner.com/article/Washi … uts-Coming

No real choice in the matter. Even my heavily Democratic state is having to concede on a number of points.

2011-02-01 04:04:40

#23

Kmar: Truth is my Bitch; +5,695|6734|132 and Bush

It's all an elaborate numbers game. Clinton didn't actually run a surplus. .. and to be fair Obama included the iraq war into the budget .. wheras Bush kept it on a seperate set of books.

Government sponsored ponzi schemes.

Xbone Stormsurgezz

2011-02-01 06:37:32

#24

Hurricane2k9: Pendulous Sweaty Balls; +1,538|5835|College Park, MD

11 Bravo wrote:
Hurricane2k9 wrote:
Our spending is so ridiculous. If I tried using my money the way our government does, I'd be on my ass in the streets faster than you can say bankruptcy.
you dont have money..its your parents money

Legally it's mine and at least it's not the taxpayers' :p

2011-02-01 12:10:45

#25

loubot: O' HAL naw!; +470|6711|Columbus, OH

Hurricane2k9 wrote:
11 Bravo wrote:
Hurricane2k9 wrote:
Our spending is so ridiculous. If I tried using my money the way our government does, I'd be on my ass in the streets faster than you can say bankruptcy.
you dont have money..its your parents money
Legally it's mine and at least it's not the taxpayers' :p

So is the condo that I will be staying at, is it your fathers or taxpayers?

BF2S Forums So the US is gonna run out of money on March 4th if they don't pass...

unnamednewbie13 wrote:

AussieReaper wrote:

Hurricane2k9 wrote:

Macbeth wrote:

AussieReaper wrote:

Doctor Strangelove wrote:

Hurricane2k9 wrote:

AussieReaper wrote:

Macbeth wrote:

AussieReaper wrote:

burnzz wrote:

unnamednewbie13 wrote:

Stubbee wrote:

burnzz wrote:

unnamednewbie13 wrote:

AussieReaper wrote:

unnamednewbie13 wrote:

Cybargs wrote:

AussieReaper wrote:

RDMC wrote:

Cybargs wrote:

AussieReaper wrote:

Hurricane2k9 wrote:

Cybargs wrote:

RDMC wrote:

Cybargs wrote:

-Sh1fty- wrote:

burnzz wrote:

unnamednewbie13 wrote:

11 Bravo wrote:

Hurricane2k9 wrote:

Hurricane2k9 wrote:

11 Bravo wrote:

Hurricane2k9 wrote:

Board footer