Comments on: Reminder: We’ll be hitting the debt ceiling before the end of 2012

By: TMOverbeck

TMOverbeck — Wed, 07 Nov 2012 13:18:33 +0000

I’ve always said things were going to get a lot worse before they get better. Congress obviously hasn’t learned its lesson yet. It’s probably going to take either hyperinflation via money printers on overdrive, or just plain bad inflation due to the Treasury being downgraded to junk bond status, for real spending reform to begin.

By: Sheerq

Sheerq — Wed, 07 Nov 2012 06:57:09 +0000

You know what – bring on the sequester.

By: astonerii

astonerii — Wed, 07 Nov 2012 00:48:18 +0000

Regardless of the winner, it’s important that politicians collaborate on finding solutions with an emphasis on pragmatism. It’s how both Clinton and Reagan operated. It’s how our democracy was designed to function, and constant bickering and finger pointing across party lines only sets this country back further.

bayam on November 6, 2012 at 5:27 PM

Reagan and the Democrats never compromised, the collaborated in raping America. As great as Reagan was, he worked with congress in the following way. Reagan got funded, Democrats got funded, devil may care how it got paid for.

Clinton was forced into his good actions by the Contract with America and Newt being a better negotiator. We would have gotten more done if the collaborating Republicans had stood down and pushed things more to the brink, instead they stabbed Newt in the back and let Clinton off the hook.

Collaborating against the citizens is not good.

By: astonerii

astonerii — Wed, 07 Nov 2012 00:44:45 +0000

Of course it is just Obama’s spending. It is not as if the Republicans did not authorize the spending. They do control the house of Representatives, right? No spending gets done without their authorization. It is all a circle jerk with the only people left out being the average American Citizen.

By: MoreLiberty

MoreLiberty — Tue, 06 Nov 2012 23:56:50 +0000

Regardless of the winner, it’s important that politicians collaborate on finding solutions with an emphasis on pragmatism. It’s how both Clinton and Reagan operated. It’s how our democracy was designed to function, and constant bickering and finger pointing across party lines only sets this country back further.

bayam on November 6, 2012 at 5:27 PM

Actually our system was design as a serious of checks and balances. One branch wasn’t supposed to cave to the others just to get along. You wanna see bi-partisan simpler go back and look at the votes to raise the debt ceiling, or invade Iraq, pass the NDAA or Patriot Act 1 and 2. Our history is ripe with politicians compromising in order t screw the individual.

By: cmsinaz

cmsinaz — Tue, 06 Nov 2012 23:08:52 +0000

obama played basketball at a foreclosed home

hello

By: going2mars

going2mars — Tue, 06 Nov 2012 22:48:30 +0000

when your on the topic of spending and debt…
shouldnt we also include the term ‘Criminal liability’
towards the MSM…they have lied and misled the sheep for years..

By: Who is John Galt

Who is John Galt — Tue, 06 Nov 2012 22:44:04 +0000

France's highway, coming soon to the New World

By: Longing4Lincoln

Longing4Lincoln — Tue, 06 Nov 2012 22:41:09 +0000

This just in: Exit Polls coming in on Drudge!

By: sharrukin

sharrukin — Tue, 06 Nov 2012 22:40:29 +0000

$84,000 billion in unfunded liabilities
15,100 billion total income of everyone (GDP)

Total government revenue $2,902 billion (requested)
Total government expenditures $3,803 billion (requested)
Deficit $901 billion

Lets spend more!!!

By: Dr. ZhivBlago

Dr. ZhivBlago — Tue, 06 Nov 2012 22:37:10 +0000

or a well-managed path to prosperity and reduced deficits and debt?

Oh I’m sure of it. /

By: ldbgcoleman

ldbgcoleman — Tue, 06 Nov 2012 22:35:24 +0000

My friend keeps telling me Obama has to cut a deal but I can easily see him letting the tax cuts expire and letting sequestration happen if he wins or loses. If he loses he might be petty and vindictive if he wins stripping America down to the core and rebuilding it as a socialist paradise may be his end game. Either way Im not counting on him being the grownup in the room. Its make America pay.

By: DanMan

DanMan — Tue, 06 Nov 2012 22:31:15 +0000

and constant bickering and finger pointing across party lines

wrong as usual bayam, Harry Reid has bottled up almost all legislative efforts for two years and budget discussions for going on four. Totally a democrat caused disaster.

By: going2mars

going2mars — Tue, 06 Nov 2012 22:30:30 +0000

actually Kool….i turned around my brothers vote from 08…+1R
my mother can no longer care for herself so i moved her here
from florida so shes another +1R for michigan and last election
i was in california and now im home so another +1R….
that +3R at my house alone….in michigan..go RR…!!!

By: ClintACK

ClintACK — Tue, 06 Nov 2012 22:30:28 +0000

If Romney wins, this is a non-issue. Boehner will agree to raise the ceiling with a short-term raise that pushes things off to the spring. President Obama might try to demand something in return, but as a lame duck, he wouldn’t have much bargaining power.

If Obama wins, it doesn’t really matter that the debt ceiling comes up this year — the whole fiscal cliff issue will have to be dealt with *sometime* in the next four years.

By: DanMan

DanMan — Tue, 06 Nov 2012 22:27:22 +0000

hey its not just DC doing this. If you live in a big city chances are you owe way more than you know.

Our city budget appears to balance until you add in the pension obligations that not only have not been fully funded for almost 10 years, that unfunded amount is expected to achieve 8.5% returns to pay for those pensions. The City of Houston is currently about $6 billion on the lite side with annual budgets of about $2.5 billion.

This explains why Houston is growing at 1% while the suburbs are exploding. People are running from the problem.

By: bayam

bayam — Tue, 06 Nov 2012 22:27:14 +0000

Don’t be a downer today, Erika.

We’ve been waiting four long, hard years for this day.

INC on November 6, 2012 at 5:17 PM

By: RedCrow

RedCrow — Tue, 06 Nov 2012 22:25:32 +0000

OT: Just went to CNN.com.
I couldn’t find any mention of the “shenanigans” going on at the polls today.
Huh?

By: tim c

tim c — Tue, 06 Nov 2012 22:22:15 +0000

Oh Thank you, Thank you very much,Erika!

By: KOOLAID2

KOOLAID2 — Tue, 06 Nov 2012 22:22:05 +0000

count three RR vote here in michigan…
the poll workers told me here it’s
more like a 2000 turnout for what thats worth…
please lord…lift this nation from the darkness tonight….

going2mars on November 6, 2012 at 5:13 PM

…thank you!…we may not do it in Michigan…but I think the rest of you will come through!

By: Sebastian

Sebastian — Tue, 06 Nov 2012 22:20:43 +0000

I expect that if Obama wins that he’ll decide that he doesn’t need congressional approval to raise the debt ceiling. The Dems will be fine with that because they can’t wait.

By: KOOLAID2

KOOLAID2 — Tue, 06 Nov 2012 22:20:31 +0000

Not to worry. Boehner will see that it is raised.

they lie on November 6, 2012 at 5:07 PM

…but won’t Boner cry first?

By: JennM111

JennM111 — Tue, 06 Nov 2012 22:19:37 +0000

count three RR vote here in michigan…
the poll workers told me here it’s
more like a 2000 turnout for what thats worth…
please lord…lift this nation from the darkness tonight….

going2mars on November 6, 2012 at 5:13 PM

AMEN!

By: molding_perception

molding_perception — Tue, 06 Nov 2012 22:19:07 +0000

Don’t be a downer today, Erika.
She is not being a downer, she is being realistic. Reality is setting in.

By: JennM111

JennM111 — Tue, 06 Nov 2012 22:17:59 +0000

My brother called my mom this morning to brag that his vote cancelled out hers. (She voted R/R and he voted Obama) His reason—-Look how high Bush drove up the debt & Republicans are big spenders. ….banging head against wall….. Still the “It’s all Bush’s fault” argument. Typical Obama voter.