House GOP revolts against Boehner plan

[Usui Takumi 1,562]

Falling pebbles and million-ton avalanches follow the same law of gravity. Issues of scale may change the coefficients, but they can't turn a negative term into a positive one.

Using your analogy, I'd say you would be facing different rules....perhaps different planets with different gravity?

[mawilson 2,133]

You're telling me that a normal person with a credit card balance equivalent to a year's salary would still keep a AAA credit rating as long as they kept making minimum payments? That's ridiculous!

No, not one year's salary. Five or six yearly salaries.

The government only collects about 17-20 percent of GDP in tax revenue.

For someone who makes $50,000 a year, it's the equivalent of having a credit card balance of $250,000.

[SMOKE 1,426]

Allowing a ratings downgrade by engaging in a course of action that the ratings agencies are telling us will result in a ratings downgrade is real political suicide.

which is why i'm shocked obama is doing this.

[Mr. Big Dog 10,747]

which is why i'm shocked obama is doing this.

He's not doing that. He would have to be the party responsible and in a position to avoid it and he just isn't.

[SMOKE 1,426]

He's not doing that. He would have to be the party responsible and in a position to avoid it and he just isn't.

he is responsible. he is the one saying he won't sign anything he doesn't want regardless if the house & senate pass it. yet he offers no plan himself.

Edited July 26, 2011 by SMOKE

[Usui Takumi 1,562]

he is responsible. he is the one saying he won't sign anything he doesn't want regardless if the house & senate pass it. yet he offers no plan himself.

The only GOP plan currently on the table can't even pass GOP muster.

[luckytxn 2,265]

Next what?

Or are you looking for clothes at Next?

I think you would look nice in this:

http://www.nextdirec...sp%3bT%2dShirts

What else you fantasize me wearing?

[dalegg 143]

When was the last time there has ever actually been a year where we've cut spending (actual $$) relative to the previous year in total? I know we've had periods where the spending relative to the GDP has dropped, but that could be explained by higher revenues. I'm talking about real dollar bottom line spending. When was the last time that has dropped from one year to the next?

[Usui Takumi 1,562]

What else you fantasize me wearing?

lol I'm not fantasizing.

wait...that sounds even more wrong doesn't it.

[Mr. Big Dog 10,747]

he is responsible. he is the one saying he won't sign anything he doesn't want regardless if the house & senate pass it. yet he offers no plan himself.

Wrong again. He's offered several approaches. A clean increase as it has been passed time and again by the Congress regardless of the party in the majority and regardless of the party holding the White House. It was routine as it should be since not a penny is added to the deficit as a result of that debt ceiling increase. He offered an approach where the deficit would be cut some 4 trillion dollars or thereabout in exchange for a debt ceiling increase that ensures stability and certainty to the credit markets and hence the economy. The GOP has rejected both of these approaches and the ball is in their court. It's not at all reasonable to believe that a deal that couldn't be agreed to at the beginning of the legislative session can be accomplished closer to election time. Anyone claiming that that is possible is lying or utterly ignorant of the political realities. This hostage taking of the debt ceiling, the credit rating and the economy both here and globally has to stop if the economy is ever to recover in any meaningful way. The GOP is standing in the way of that - purposely. They will own whatever consequences their inability to govern brings to this country. You may think otherwise but that just puts you into this small nutty minority out in the country.

When was the last time there has ever actually been a year where we've cut spending (actual $$) relative to the previous year in total?

2010

[mawilson 2,133]

When was the last time there has ever actually been a year where we've cut spending (actual $$) relative to the previous year in total?

2010

Adjusted for inflation:

[dalegg 143]

2010

How about in the pre-trillion dollar deficit era?

[dalegg 143]

Adjusted for inflation:

I think that's it. 1993. Jeez Louise we are spending a lot more these days. Why were we able to live with so much less spending back then?

[mawilson 2,133]

I think that's it. 1993. Jeez Louise we are spending a lot more these days. Why were we able to live with so much less spending back then?

Old people. Social Security and health care costs.

[dalegg 143]

Old people. Social Security and health care costs.

Oh yeah- entitlement spending is nearly twice!! Wow.

Interesting that even in this crappy #### economy we are bringing in more revenue than most of the 90s, so there is certainly a point to be made that revenue isn't the problem.