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Government shutdown averted, fiscal crisis assured! ( P.Schiff )
http://www.youtube.com/ ^ | April 09 2011 | Peter Schiff

Posted on 04/09/2011 10:15:58 AM PDT by Para-Ord.45

" There is no will to do anything about the deficit...What did our leaders agree...reduce 2011 deficit by 38 Billion dollars..represents 1% of what the Govt is spending in 2011. It represents less than 2.5% of the deficit for that year...If this is the best we can do...our fiscal house will crumble.

There will be more rhetoric about the debt ceiling,the debt limit...that`s the next big vote.I expect that Congress will once again irresponsbly and recklessly vote to increase the debt ceiling because again there is no resolve as this ridiculous charade demonstrates where they were arguing between 30 billion and 60 billion worth of cuts. They`re arguing over a rounding error in a budget deficit which is actually going to be alot worse than they`re projecting over the years...

http://www.youtube.com/watch?v=ISCaJMxVVGA


TOPICS: News/Current Events
KEYWORDS: budget; debt; debtceiling; debtlimit; peterschiff
http://www.youtube.com/watch?v=ISCaJMxVVGA
1 posted on 04/09/2011 10:16:01 AM PDT by Para-Ord.45
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To: Para-Ord.45
Obama increased govt spending 25% of GDP since taking office. This so-called deal that Speaker Boner struck with the Dems is a fraction of that increase.

Some may see this as a disappointment. Others see it as a failure of leadership by Boner&Co.

2 posted on 04/09/2011 10:22:43 AM PDT by Reagan Man ("In this present crisis, government is not the solution to our problem; government is the problem.")
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To: Para-Ord.45

Given the fact that dems hold the Seante and the presidency, I think republicans got the better part of this deal.

The pubs could have probably held out for a lot more but then there would have been a government shutdown and probably they would have been the ones held to blame for it.

Even though the dems have done virtually nothing at all about coming up with a budget of their own, balancing the budget, making any necessary government budget cuts and doing something about the national debt and the devaluation of the dollar, all of which they should be eminently held accountable and responsible for.

This is only the end of round one and more of this kind of uncompromising behavior is in the offing and let us hope and pray that the republicans hold out for more the next time. This was a good start but a lot more needs to be done. Now let’s see if the pubs have enough guts to follow it through to the end.

Hopefully the next time all these dems come home and hold town hall meetings, they will get a big earful from their constituencies.


3 posted on 04/09/2011 10:23:05 AM PDT by scorchedearther
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To: scorchedearther

and we the taxpayer got bent over.....


4 posted on 04/09/2011 10:25:41 AM PDT by sentient
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To: Para-Ord.45

I’m afraid that a financial meltdown will occur if they raise the debt ceiling or if they don’t.


5 posted on 04/09/2011 10:25:43 AM PDT by Terry Mross (Only a SECOND party will get my vote.)
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To: Para-Ord.45

Why have a ceiling when you simply raise it each time it looms? If politicians were honest they would simply do away with it...but they aren’t. The debt ceiling is a ficion visited upon the masses to calm them and prevent revolution.


6 posted on 04/09/2011 10:26:44 AM PDT by ez ("Abashed the devil stood and felt how awful goodness is." - Milton, Paradise Lost)
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To: Para-Ord.45

A vote of NO confidence on Boehner.


7 posted on 04/09/2011 10:26:48 AM PDT by Joe Boucher ((FUBO))
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To: Terry Mross

Americans against raising the debt limit by 62-26%. This could be a winning issue for the right.


8 posted on 04/09/2011 10:28:41 AM PDT by ez ("Abashed the devil stood and felt how awful goodness is." - Milton, Paradise Lost)
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To: scorchedearther

“Whew, that was a close one!” Captain Boehner, picking up chunk of iceberg & handing it to Leo, Kate and Harry.


9 posted on 04/09/2011 10:28:45 AM PDT by tumblindice
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To: scorchedearther
This is only the end of round one and more of this kind of uncompromising behavior is in the offing and let us hope and pray that the republicans hold out for more the next time.

Sorry, having a hard time with this whole mess. Hold out for more next time? Really? The President put Planned Parenthood, a social program bent on the destruction of the family, ahead of paying the troops who are currently engaged around the globe!

The only way to make this stop...is for the producers to go on strike.

We have often remarked that those that get a paycheck should not have their taxes removed and paid by the employer. Well, fire all your paycheck workers and hire them as subcontractors sole proprietors. Pay them their full worth and let them sort out what goes to the government.

All these social programs have done little to help society, in fact they create the situation in which the community is broken up. Instead of people learning to help each other they are pitted against each other. While we have lamented the societal break-up of the family...we've missed the bigger picture. The break-up of our culture.

Next time? More next time? The only answer is to free the paycheck slaves and put the power of money back into their hands.

10 posted on 04/09/2011 10:41:01 AM PDT by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: ez

Agreed.


11 posted on 04/09/2011 10:45:32 AM PDT by scorchedearther
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To: scorchedearther

how is it better part of the deal when a government shutdown would’ve achieved a better result


12 posted on 04/09/2011 10:46:07 AM PDT by 4rcane
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To: Joe Boucher

Boehner’s house leadership was on the line.

I wonder if he will keep it now.


13 posted on 04/09/2011 10:46:52 AM PDT by scorchedearther
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To: Terry Mross

“I’m afraid that a financial meltdown will occur if they raise the debt ceiling or if they don’t.”

That will be the real day of reckoning which may trigger a much needed political meltdown.


14 posted on 04/09/2011 10:47:03 AM PDT by Starboard
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To: EBH

It will be different next time, you’ll see. Republicans will insist on big cuts and stand their ground. /sarc


15 posted on 04/09/2011 10:51:45 AM PDT by Starboard
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To: Reagan Man

I see it as complete capitulation. This was one of 2 points to get something undone. Total flop. The next is the debt ceiling. they will squabble and flail for the TV a while then roll over and play dead upon command. Disgusting. The Republicans are a waste of time.


16 posted on 04/09/2011 10:52:27 AM PDT by screaminsunshine (Obama Sucks)
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To: scorchedearther

I think he will until 2012 when another 70 or so tea party folks are voted in and they dump his sorry dem lite crying
ass.
Maybe then a real conservative will be able to take over for harry reid and another for the marxist turd in chief
and a few conservative issues will be pushed instead of can’t we all just get along b.s.


17 posted on 04/09/2011 10:52:31 AM PDT by Joe Boucher
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To: Para-Ord.45

Another very sad day for America. The Pubs caved!


18 posted on 04/09/2011 10:55:35 AM PDT by Paperdoll ( On the cutting edge)
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To: ez

Well, you know the Commicrats. The sky is the limit!


19 posted on 04/09/2011 10:57:23 AM PDT by Paperdoll ( On the cutting edge)
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To: Terry Mross

“I’m afraid that a financial meltdown will occur if they raise the debt ceiling or if they do”

We are not afraid, we are certain of it. Preparing now will save you a great deal of pain later.

Know this. They will raise the debt ceiling.


20 posted on 04/09/2011 11:14:30 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Terry Mross
"I’m afraid that a financial meltdown will occur if they raise the debt ceiling or if they don’t. "

Yup.

It does not matter what they do...we are beyond the point of no return.

Prepare now.

21 posted on 04/09/2011 11:28:24 AM PDT by blam
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To: Starboard
That will be the real day of reckoning which may trigger a much needed political meltdown.

Do you think that would also lead to a societal meltdown as well? That could get REALLY ugly.

22 posted on 04/09/2011 11:30:55 AM PDT by Mark17 (California, where English is a foreign language)
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To: Starboard
That will be the real day of reckoning which may trigger a much needed political meltdown.

political meltdowns lead to socialism or communism or despotism....never freedom.

23 posted on 04/09/2011 12:16:23 PM PDT by GreyMountainReagan ("Pray for America")
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To: Para-Ord.45
Clickable: http://www.youtube.com/watch?v=ISCaJMxVVGA


24 posted on 04/09/2011 12:51:59 PM PDT by Zakeet (If Obama had half a brain, his butt would be lopsided)
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To: Para-Ord.45

36 Billion?

That’s all?

That’s a savings of -160 Billion for the month of Feb. :)


25 posted on 04/09/2011 8:06:04 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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