The huge debt increase, approved 217-212, is only enough to keep the government afloat for about another year

Holy freakin' Jeebus.....

What would you do with 1.9 Trillion dollars?

I'd finance a small war in Central America. Both sides.

I guess everyone's ok with more spending...

So much for cutting back on spending. If Obama was Pinocchio, he could smell what Iran is cooking without leaving the Whitehouse.

Here comes the Weimar inflation.

I didn't vote because there is no 'all of the above'.

Deflation is more of a concern right now than inflation.

Go take an economics class and get back to me.

Righttards running around spouting about FIAT currency. They don't know what the hell they are talking about.

LEARN WHAT THE BUZZWORDS MEAN before you go scrolling GOP talking points!

We either need massive spending cuts, tax hikes, or both.

What, did Obama sneeze and spend another trillion dollars? Hate it when that happens. Is this what they call tightening one's belt? If that's the case, I think it's time for a new boat. Let's go shopping!

Of course, 84 percent of the current debt can be attributed to George W. Bush, 16 percent to Obama.

Monstman, you are the first person to mention FIAT currency. Are you ok?

Did someone hear a misquito buzzing around here?

#10, As usual, Dorky, your math is as fuzzy as your ability to develop a rational argument.

Total debt rise under Bush, Jan 01 to Jan 09 = 4,901,104,747,205.56

Total debt rise under Obama, Jan 09 to Feb 10 = 1,725,159,569,336.70

Total debt *rise* under Obama at same rate = 13,587,994,553,492.80

Obama came into office "with a $1.3 trillion deficit before I had passed any law. ... We came in with $8 trillion worth of debt over the next decade."

cut spending... Cut Spending...... CUT SPENDING!

"We either need massive spending cuts, tax hikes, or both."

We need economic recovery and tax hikes on rich people, we do not need massive spending cuts which would create more unemployment. We cannot cut our way out of debt, cuts do not pay off debt, only growing the economy can pay off debt. We need to change tax laws so that gambling in the stock market isn't so much more appealing than investing in small and medium businesses. We need to fix our balance of trade. Most importantly, voters need to start paying attention when Republicans and some Democrats continue to put their own partisan political games ahead of the nation. Most of those voting against this measure did so because they felt safe in the knowledge that more responsible people would vote for it.

a half truth

"We need economic recovery and tax hikes on rich people"

Why bother getting the government to do it? If you want other peoples stuff so bad why not just by a gun and take it from them?

"cut spending... Cut Spending...... CUT SPENDING!"

OK, so if I had huge debts and not enough income to pay them, if I gave up everything, including food, would that somehow make my income large enough to pay those debts?
YOu can repeat the mindless talking point but it is not the answer to our problems, I would have thought Bill Clinton taught you that. Remember "grow the economy", well look back to when he took office. We were already deep in debt with growing deficits but his answer was not to just cut spending. That is a simplistic talking point and no matter how much you cut it would not allow us to pay off the debt but would significantly destroy what is still left of the economy.

"Obama came into office "with a $1.3 trillion deficit before I had passed any law. ... We came in with $8 trillion worth of debt over the next decade."

Quoting Obama to prove Obama's point? The bible is true because the bible says it's true? This is merely proof that Dorky has his head so far up Obama's ass that he can channel Obama's brain.

Deflation is more of a concern right now than inflation.
* * *

The genius of the BushBama bailouts makes sure we're getting both. Inflation in food and energy, and deflation in real assets--businesses, real estate, stocks, retirement plans and pensions, labor. At just the time Americans need their dollars to go a lot further because there are a lot fewer of them, we have inflation in commodities.

Nice work guys!

"voters need to start paying attention when Republicans and some Democrats "

Wow, do you actually believe that one side holds a higher moral ground then the other?

"Why bother getting the government to do it? If you want other peoples stuff so bad why not just by a gun and take it from them?"

STill playing simplistic games instead of looking for answers. When someone suggests we look to our own past you just say they want other people's stuff. Oh, how clever you are. In truth people like you are the problem, we simply have too many who pretend talking points are the same thing as ideas.
We got into debt by lowing the taxes on the wealthy, we will get out of debt by putting them back the way they were. They can always choose to invest in businesses instead of paying more taxes, just like they did for decades while we built the largest middle class in history. The wealthy still accumulated wealth but they did so in a way that also created employment and rising wages.

This is merely proof that.... Jumbo didn't read the article.

We need economic recovery and tax hikes on rich people, we do not need massive spending cuts which would create more unemployment. We cannot cut our way out of debt, cuts do not pay off debt, only growing the economy can pay off debt.

#16 | Posted by danni at 2010-02-05 12:47 PM

"Wow, do you actually believe that one side holds a higher moral ground then the other?"

It is pretty obvious. Remember it was REpublicans who came up with "starve the beast" and "deficits don't matter." It was REpublicans like Dick Cheney who lied us into war. It was Republicans who cynically passed tax cuts favoring the rich during war time for the first time in our history. It was George Bush who campaigned on the idea of giving back the surplus to his "base." It is and has been for thirty years the Republicans who have knowingly and actively conducted class war on the working class of this country.

"Um, cuts keep the debt from growing faster, making it easier to pay off."

You don't know that, it's too simplistic. Cuts can also effect commerce and employment thereby lowering tax revenues. Cut immigration and allow more illegals to pour in, how will that effect debt long term??? Cut health care services and how will a thousands of critically ill patients effect debt when less expensive care could have been provided before they became critically ill. Hey, cut education and see how that effects debt when you don't have an educated work force paying taxes into the Treasury. There is always room for intelligent cuts but just massive cutting of the budget is a stupid talking point that would most likely get us to bankruptcy sooner.

There is always room for intelligent cuts

#27 | Posted by danni at 2010-02-05 01:02 PM

Drop all Aid to Israel and any funding for faith based organizations. Then we can see where we are.

Nice post Corky!

PolitiFact is GREAT for cutting thru the BS.

(I E spokanejim)

Cut Spending? Who the fuck do you think you're talking about? The Private Sector?

"It's like you agree with my main point, but don't want to admit it."

It isn't that I disagree with cutting things that should be cut but I disagree with the premise that those cuts will be significant in helping us get out of debt. I disagree with the TACTIC of the Republicans to use talking points about cutting spending as if that is a realistic approach to fixing what is wrong. They know cutting will not get us out of debt but they get millions of Americans to repeat that talking point and never stop to think about what really will help us get out of debt. The one thing they never want us to consider....raising income taxes on the rich. Making capital gains taxes just like other income taxes. In other words...they never want us to consider doing what has always worked in the past.

What would you do with 1.9 Trillion dollars?

Build a time machine and go back to 1945 to sterilize Babs Bush before the gruesome beast could shit Chimpy out.

We either need massive spending cuts, tax hikes, or both.

#8 | Posted by LIVE_OR_DIE

We need to cut the federal government in half this year and then do it again next year.

When you are up to your ears in debt, what would you do? Spend your way out?

hat would you do with 1.9 Trillion dollars?

Build a time machine and go back to 1945 to sterilize Babs Bush before the gruesome beast could shit Chimpy out.

#33 | Posted by reinheitsgebot

Going back to 1930's Germany in Reinheitgebot's time machine and telling Hitler to shoot Pele in France. Then Stallone can never have to stop the penalty shot.

#34 | Posted by Sniper at 2010-02-05 01:32 PM | Reply | Flag

But Uncle Joe said...

When one considers SS, Medicare and the GSE bailouts, total debt comes to over $100 trillion. All on $2 trillion income. Anybody who thinks the Federales can sustain this is dreaming. However when and how, this will have a tragic climax.

"However when and how, this will have a tragic climax."

I can hear the screams from the big "O" now....

Inflation in food and energy,
#21 | Posted by rightisright at 2010-02-05 12:51 PM | Reply | F

Riiiiggggghttt....

Weak Prices Hit Food Makers, Sellers
Profits at Agricultural Processors, Supermarkets Stay Squeezed as Deflation Undercuts

We need to cut the federal government in half this year and then do it again next year.

When you are up to your ears in debt, what would you do? Spend your way out?

#34 | Posted by Sniper at 2010-02-05 01:32 PM | Reply | Flag

And you will be the first one pissing your pants screaming about how the military was gutted when the next attack comes.

"When you are up to your ears in debt, what would you do? Spend your way out?"

I've been up to my ears in debt before, I got a second job, increased my income and paid off my debts. I couldn't stop buying the things I needed but I could increase my income to pay for them. I also BORROWED MONEY and went back to school and got my degree, that further increased my income without reducing my spending.

Anybody who thinks the Federales can sustain this, without increasing taxes, is dreaming.
Considering the potential disaster Ray, I would think people like you would be the loudest at demanding we raise the taxes necessary to avoit it.
This isn't the first time American faced huge debt, we did after WWII but we didn't focus on just cutting spending, we offered GI bill benefits to returning soldiers who went to college and bought homes. We grew the economy which is what we have to do now. Our unemployment numbers represent the lost potential wealth wwe could be earning had we invested in more education, more modern factories, better infrastructure, etc. (like we did in the fifties and sixties) instead of listeing to that actor who had given up on America.
His preference for tax cuts over continued investment into America got us where we are today.

And you will be the first one pissing your pants screaming about how the military was gutted when the next attack comes.

Is that your reason for not cutting it? Because Sniper will point fingers later if we get attacked.

okay then, let's just keep it the same.

And liberals wonder why they are called pussys.

Sounds like Obama could handle a 2nd job. This one is certainly part-time.

# 26
Don't take this the wrong way but i feel sorry for people who are to blinded to see beyond party. I cannot force myself to believe that any party has ideas that intentionally would harm this nation. There are people who would but that is not a party issue that is a problem with humanity. If you limit your option to only someone with the letter by there name that corresponds with your party then you have half the chance of getting a decent person. The thing is we could both go on and on with dems did this and repubs did that till we were both blue in the face. You are intelligent enough to know that both parties have done damage, i just wish that more people were honest enough to realize it is about issues not party.

#23
Mob mentality is not becoming for the people of this nation. There is plenty of hatred as it sits against anyone who has more. This is human nature, jealousy is instilled in us naturally but using the government as goons to act on that jealousy is wrong. People should be responsible for what they use not what they can afford to pay. Would you be of the same belief if taxes were levied in labor rather then money? Would you be fine with working for a time based on your free time? Should the government say "you work eight hours a day and need to sleep six so we will take the other eight from you? I know it may sound ridiculous but taking from someone based on what they have no no more fair. I am not a rich man, i struggle to get by sometimes, but in no way can i justify my struggle as reason to take from others. You talk of history but in no instance has the road to socialism led to positive results, it will not change this time.
I do not believe that you can say that a level tax field has resulted in problems, i don't think you can reasonably say that that is the only force in our economy. I also believe that lowering taxes on the supply side of things was a contributing factor to some of the greatest grows our economy has ever seen.

I've been up to my ears in debt before, I got a second job, increased my income and paid off my debts. I couldn't stop buying the things I needed but I could increase my income to pay for them. I also BORROWED MONEY and went back to school and got my degree, that further increased my income without reducing my spending.

Let's follow the advice of someone who hasn't exactly achieved financial success and has done things out of order.

LOL

"His preference for tax cuts over continued investment into America got us where we are today."

A tax cut is an investment, a hike is a withdrawal. His investment was a major part in freeing up finances to people and companies for there own investments as well as allowing investment in new technologies. Just because the government is not the one putting dollars into the economy does not mean that it will not grow.

Did I miss out on Saying it is Bush's fault?

This isn't the first time American faced huge debt, we did after WWII but we didn't focus on just cutting spending

We also had a 90% income tax bracket for the top earners.

This isn't the first time American faced huge debt, we did after WWII

You are nowhere close. America came out of WWII as the world's creditor nation, the world's manufacturing powerhouse, and with a dollar backed by gold. From the time Nixon took the dollar off the gold standard, debt spending exploded and manufacturing went into decline.

The feds have been running a Pyramid Scheme for a hundred years. Because the money supply is based on debt, the debt has to expand to maintain the Pyramid. With a debt load in the high tens of trillions, this is no longer sustainable. Think Bernie Madoff only on a massive scale.

Government spending, taxes and regulations have had a cumulative disabling effect on the market economy to the point where it can no longer create the surplus that government derives its revenues from. Government budgets are based on cash flow, thus allowing them to push its debts and obligations into the future.

I've been warning you for years. Socialism and its derivatives destroys capital markets. It's all downhill until the debt is extinguished.

It appears to be a foregone conclusion that the Liberal/Progressives want to move the United States so far into debt we can't get out without defaulting!

This would make the United States JUST LIKE France, Italy, Venezuela, and Cuba (SANS Castro) able to speak out, but UNABLE to be heard! We would forfeit our position in the world order and become as SHEEP being led, by someone with EXPERIENCE,in these matters, to the slaughter.

We are currently better off than most European countries, because Bernanke led us and Trichette followed his example TIMIDLY! However we will raise our interest rates approximately 6 - 10 months to early and get caught short. falling back into, first recession, then Depression.

This will be due to having fired all the ammunition in the gun, with no reloads, and placing our country out on the economic limb!

The only market improving is Financial due to TOXIC JUNK still on the books gaining in value by default. This will NOT continue and the Government largess will evaporate by misguided act of congress! We all will this thing to be over, but won't see the forest for the trees!

The unemployment rate fell to 9.7%, meaning ONLY that 700 - 850,000 fell from the rolls exhausting their benefits! This is misread as an improvement by those who know better!

Watch Europe closely, this will be our future if we are NOT alert!

"Did I miss out on Saying it is Bush's fault?"

Apparently that is a given. Bush is reponsible for every ill in this country even prior to 2000. He is to blame for the decades of wasteful spending by Congress. It is his fault Congress ignored their oversight duties to weed out Government waste and fraudulent spending and programs going back 50 years. The dotcom bust Bushs' fault. The housing bust, Bushs' fault. The bad policies and laws Congress wrote and signed by other Presidents, Bushs' fault. We would all be rich and succesful had Gore or Kerry been elected. Afterall we never had financial woes or market crashes before, right?

Apparently that is a given. Bush is reponsible for every ill in this country even prior to 2000.
Posted by crispee_oc

Baloney. I had a Planters Wart back in 1990 something or fucking other, and that prick was responsible.

Apparently that is a given. Bush is reponsible for every ill in this country even prior to 2000.
Posted by crispee_oc

"Baloney. I had a Planters Wart back in 1990 something or fucking other, and that prick was responsible."

I stand corrected.lol

They better seriously cut spending now before the tidal wave of debt hits us with a real depression!

Federal Budget Insults All (prior) Budgets:

Is that your reason for not cutting it? Because Sniper will point fingers later if we get attacked

Did I say don't cut it?

Clinton cut the defense budget to reduce the deficit and was attacked mercilessly for "being soft on defense".

Your side likes to have it's cake and eat it too.

Look no further than the douche from Florida that is part of the chorus of screaming for deficit reduction and when NASA is getting cut he starts screaming about that.

Again another example of how you want it both ways.

Cut spending, just not in my state.

Just like the douche that is holding up 70 appointees until he gets his $$$$. Another deficit hawk.

Does the right stand for anything anymore?

You sure talk a good game when the cameras are rolling, but when the rubber meets the road you stand right in line with your collective hands out.

It is pretty obvious. Remember it was REpublicans who came up with "starve the beast" and "deficits don't matter."

So..... What have the dems done about that? What is the deficit now and what is the projection for the next 10 years? Take a close look at the budget he has proposed. How big is it? Take a close look at the cuts he proposed. See how much he has raised thoes budgets before his FREEZE kicks in.

It was REpublicans like Dick Cheney who lied us into war.

And the little o has gotten us out?

It was Republicans who cynically passed tax cuts favoring the rich during war time for the first time in our history. It was George Bush who campaigned on the idea of giving back the surplus to his "base."

What did he give back to his base? You mean his RICH base? What is the little o giving away to pass his healthcare?

It is and has been for thirty years the Republicans who have knowingly and actively conducted class war on the working class of this country.

Class war my ass!!! What party is always dividing us into little groups and then none of us get along? What party is always bringing up the race card?

dan, you need to take a closer look at thoes you admire and see what they realy are.

America came out of WWII as the world's creditor nation

Baloney.

It was Republicans who cynically passed tax cuts favoring the rich during war time for the first time in our history. It was George Bush who campaigned on the idea of giving back the surplus to his "base."

What did he give back to his base?

The social security surplus.

Clinton cut the defense budget to reduce the deficit and was attacked mercilessly for "being soft on defense".

so what? any 2 term POTUS gets carved for everything. stop being a pussy for Clinton.

Just like the douche that is holding up 70 appointees until he gets his $$$$. Another deficit hawk.

he needs to remember the well is dry.

I mean after the likes of Landreiu, Nelson etc. and the $$$$$ they demanded. When it comes to "holding things up until getting paid" the dems make the repubs look like paupers.

but do carry on with your moronic partisan rantings.

Whats so great about America is, the more productive you are the more you make! honest, ask any conservative.

WAHOO! ITS SO FUN TO SPEND MONEY WE DON'T HAVE!

WAHOO! ITS SO FUN TO SPEND MONEY WE DON'T HAVE!

- Bush WH and GOP rubber stamp Congress who accumulated most of our debt in 8 short years.

OK Boys, that raspy sound is the Fat Lady clearing her throat and getting ready to sing.

Our once great county has been slipping further into the leftist way of governance for the past few decades and we are rapidly becoming a third world debt ridden, politically corrupt nation run by the Marxist radicals of the 60's.

The Berkley crowd used to protest against "The Man" and they just woke up and dag-nabbit, they are "The Man!"

Our current POTUS is makings Saul Alinsky very proud!

2001-2009 never happened. The GOP did not add $7 Trillion to the then $5 Trillion payable national debt (with all that fiscal responsibility). Neither did the GOP pass one unfunded trillion dollar boondoggle after another and make us China's bitches.

- DOCSMOOTH

"Let's follow the advice of someone who hasn't exactly achieved financial success and has done things out of order.

LOL"

Oooooh. In other words, you can't refute my arguments and thus make stupid, meaningless comments about my life which you know virtually nothing about. Par for the course for Eberly. What a putz.

"Class war my ass!!! What party is always dividing us into little groups and then none of us get along? What party is always bringing up the race card?"

That would be the REpublican Party and the race card is what Michael Steele attempts to play but usually fails miserably. That's just how he rolls.

anyone else see this vote talley on cspan

dems CHEERED at the vote...

assholes....

danni

please...we simply dont buy your charge about the race card. I dont remember any gop accusing another gop of this during campaign,..,HOWEVER...blowjob was out doing plenty of it ..
"this guy would be getting us coffee....."

you know better than to make a blanket statement like that.....tsk tsk tsk

and of course then there was CARTER talking about tea parties...and ANY pundit on liberal media...

and who wants to put rich people on the level of france or even greece now that the euro union has
"DEMANDED" that greece do something about thier debt.

At this point our great grandchildren are to be born into debt, OR maybe our great great grandchildren. Smart, real smart -- NOT!

If everyone including me thinks O'Loudmouths policies are wrong and idocicy, then just think of what Corkey's POST #10: would attrubite to our national debt...

# 10 POSTED BY CORKEY: "Of course 84% of the current debt can be atributed to Geroge W Bush, 16% TO Obama...

Where did such trash mouth gutter scum get his statistics from?????

Prove it bitch...