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Thread: Obama: Enough is Enough in Debt Talks,ĎThis May Bring My Presidency Down, But Iím Not

  1. #81
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    Quote Originally Posted by jackalope View Post
    I am not sure. I posted it here b/c it was a current news story. What does everyone think? Is this more "Party Line" forum, or "News Desk" forum?
    Obama playing tough-guy should probably be in the humor section...

  2. #82
    Mandate 4 me, Tax 4 thee jackalope's Avatar
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    Quote Originally Posted by Gypsy View Post
    Quote of the day on this matter:

    "The president and Congressional Republicans are locked in a staring contest over a pissing contest over who will blink first. My bet is whoever gets their eyes pissed in." -- Stephen Colbert

    Great quote! I agree, quote of the day on the matter!

  3. #83
    Best Garage Ever! Disappointed not surprised's Avatar
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    Was Obama screaming "Nancy, Nancy I need your help. Nobody will do what I say!" when he ran away?

  4. #84
    ใช้มันเหมือนโสเภณีที ่คุณก เพศสัมพันธ์ผู้'s Avatar
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    Quote Originally Posted by jackalope View Post
    quoted for truth
    In what context did Reagan raise the debt ceiling? I wasn't even a teenager until the late eighties and the last thing on my mind was politics, I was more concerned about strange, all that who, what, where, how much?, with what, "that hot tub over there is the same as a contraceptive," shenanigans, I do remember though it had to do with outspending the evil Russians, Star Wars, braking their backs and what not, that the concept at the time was considered genius by some others not so much, these days the concept seems to be election driven, an ends to a means for personal gain.

  5. #85
    Mandate 4 me, Tax 4 thee jackalope's Avatar
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    Quote Originally Posted by เพศสัมพันธ์ผู้ View Post
    In what context did Reagan raise the debt ceiling? I wasn't even a teenager until the late eighties and the last thing on my mind was politics, I was more concerned about strange, all that who, what, where, how much?, with what, "that hot tub over there is the same as a contraceptive," shenanigans, I do remember though it had to do with outspending the evil Russians, Star Wars, braking their backs and what not, that the concept at the time was considered genius by some others not so much, these days the concept seems to be election driven, an ends to a means for personal gain.

    I would have to look it up, but I don't have time right now. Am just signing off.

  6. #86
    Senior Member Devil505's Avatar
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    Quote Originally Posted by Disappointed not surprised View Post
    The Dems are only interested in wealth redistribution, paying off their constituencies like Labor, Trial Lawyers, and the poor urban populations with other people's money.
    They need to wake up.
    Did someone say wealth redistribution?

    You mean this:

    Rich got richer as their tax rates fell in Bush years, data showThrough the first six years of the Bush administration, the average rate paid by the 400 richest Americans dropped by a third to 17.2%, figures show.January 31, 2009|Bloomberg NewsThe average tax rate paid by the richest 400 Americans fell by a third to 17.2% through the first six years of the Bush administration, and their average income doubled to $263.3 million, new data show.The 17.2% in 2006 was the lowest since the Internal Revenue Service began tracking the 400 largest taxpayers.Rich Got Richer Under Bush | Rich got richer as their tax rates fell in Bush years, data show - Los Angeles Times



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    Quote Originally Posted by Devil505 View Post
    Did someone say wealth redistribution?

    You mean this:

    Rich got richer as their tax rates fell in Bush years, data showThrough the first six years of the Bush administration, the average rate paid by the 400 richest Americans dropped by a third to 17.2%, figures show.January 31, 2009|Bloomberg NewsThe average tax rate paid by the richest 400 Americans fell by a third to 17.2% through the first six years of the Bush administration, and their average income doubled to $263.3 million, new data show.The 17.2% in 2006 was the lowest since the Internal Revenue Service began tracking the 400 largest taxpayers.Rich Got Richer Under Bush | Rich got richer as their tax rates fell in Bush years, data show - Los Angeles Times
    And still no jobs.

  8. #88
    Senior Member Devil505's Avatar
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    Quote Originally Posted by เพศสัมพันธ์ผู้ View Post
    In what context did Reagan raise the debt ceiling? I wasn't even a teenager until the late eighties and the last thing on my mind was politics, I was more concerned about strange, all that who, what, where, how much?, with what, "that hot tub over there is the same as a contraceptive," shenanigans, I do remember though it had to do with outspending the evil Russians, Star Wars, braking their backs and what not, that the concept at the time was considered genius by some others not so much, these days the concept seems to be election driven, an ends to a means for personal gain.

    The regular debt ceiling limit dance seems to evoke a fairly standard set of behaviors in the two major US political parties: Whichever party is out of power (White House, or Congress or both) threatens not to support raising the debt ceiling. Which ever party is in power talks about how irresponsible and dangerous such a move would be.

    The historical statutory debt ceiling increases (sourced from Table 7.3 here; click graph for Spreadsheet) reveal this game has gone on for more than half three quarters of a century.

    UPDATED: Debt Ceiling Limits (1939- 2011) | The Big Picture

  9. #89
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    Quote Originally Posted by Devil505 View Post
    Did someone say wealth redistribution?

    You mean this:

    Rich got richer as their tax rates fell in Bush years, data showThrough the first six years of the Bush administration, the average rate paid by the 400 richest Americans dropped by a third to 17.2%, figures show.January 31, 2009|Bloomberg NewsThe average tax rate paid by the richest 400 Americans fell by a third to 17.2% through the first six years of the Bush administration, and their average income doubled to $263.3 million, new data show.The 17.2% in 2006 was the lowest since the Internal Revenue Service began tracking the 400 largest taxpayers.Rich Got Richer Under Bush | Rich got richer as their tax rates fell in Bush years, data show - Los Angeles Times
    Dude, you've got it all backwards. Letting upper tax brackets keep more of their income is the exact opposite of "redistribution". Words actually have meanings, ya know.

  10. #90
    Senior Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Quote Originally Posted by AmendmentX View Post
    I love how, when wanting to appear the tough-guy, Obama emulates Reagan. Classic.
    I think BHO is referring to the fact that Reagan, along with the conservative republicans, raised the debt limit 18 times and raised taxes atleast half dozen times during those same 8 years.

    Geithner and remember that Reagan increased the debt ceiling | Economics Newspaper

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