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The fact that we are here today to debate raising America's debt limit is a sign of EPIC FAIL!
U.S. Senate | March 20, 2006 | B. Hussein Obama

Posted on 07/30/2011 1:11:05 PM PDT by Jim Robinson

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies...

Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

- Sen. Barack Obama (D-IL), March 20, 2006

HOLD THE LINE!! STOP THE SPENDING!!


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: debt; debtdeal; debtdealshowdown; obama; spending
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To: CitizenM

Definitely. UNFIT TO LEAD!


51 posted on 07/30/2011 3:07:39 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: Cobra64

Thanks. Someone else found and posted it as a reply. I just decided to repost it front and center as a thread of its own.


52 posted on 07/30/2011 3:11:01 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: Cobra64

That is an excellent graphic!


53 posted on 07/30/2011 3:16:16 PM PDT by glock rocks (Wait, what ?)
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To: glock rocks
There ya go, that says it all, doesn't it.

The beginning of the End: Jekyll Island, December 24, 1913.

54 posted on 07/30/2011 3:18:40 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: humblegunner

It depends in the end on how severe the political backlash to this debacle will be but it certainly isn’t a leadership failure to talk about the debt. Debating a possible default along with a credit downgrade are one of the most positive outcomes that could have happened to this country if it does indeed awake a sleeping dragon.


55 posted on 07/30/2011 3:27:48 PM PDT by erlayman
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To: Jim Robinson

“Get the government off our backs, out of our business and out of our faces!! Let the people get back to work and let the free economy (and the tax revenues) soar!!”

Absolutely!


56 posted on 07/30/2011 3:34:07 PM PDT by antisocial (Texas SCV - Deo Vindice)
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To: Winstons Julia

“The wicked are full of regrets,” Talmud, I forget citation.


57 posted on 07/30/2011 3:44:31 PM PDT by Eleutheria5 (End the occupation. Annex today)
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To: Winstons Julia

“The wicked are full of regrets,” Talmud, I forget citation.


58 posted on 07/30/2011 3:44:38 PM PDT by Eleutheria5 (End the occupation. Annex today)
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To: Jim Robinson

The debt and deficits need fixed and most importantly the trend to ever increasing debt must be reversed and not just a token reversal.

That said...I don’t see debt and deficits as the primary problem. The root cause of this is systemic and institutional. We’ve had 40 years or so of an incompetent Congress (both Parties) whose only mission should be simply improving the USA for Americans, but instead their primary mission has become about money so they get reelected.

A balanced budget Amendment would minimize wars because it would require a war tax be imposed to balance the budget...that’s good. No wars allowed off budget. Term limits and public financing of elections and allowing only constituents of politicians to donate might reduce outside influence which is a big problem.

The House members are supposed to represent their district and not those outside. The Senators are supposed to represent a state and not those outside. They shouldn’t be receiving money from outside interests and sometime outside the USA. I still oppose those outside my state or my district or my country influencing my elections.


59 posted on 07/30/2011 3:54:22 PM PDT by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
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To: Jim Robinson

bttt


60 posted on 07/30/2011 3:57:18 PM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: glock rocks; Jim Robinson
That is an excellent graphic!

Thanks. I just took Jim's quotation from Obama and made a graphic that depicts a factual representation of Obama's snarky, arrogant, hypocritical attitude.

.

.

.

61 posted on 07/30/2011 3:58:36 PM PDT by Cobra64 (Common sense isn't common anymore.)
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To: Gondring

Look, I’m on Medicare for dialysis, not by choice — I had perfectly good private insurance through COBRA and they reduced coverage to 20% after 30 months due to federal regulations. Medicine would be vastly better without government. That said, in the WaPo tool, you can pay Medicare and Medicaid and still be under the amount incoming in “revenue.”


62 posted on 07/30/2011 4:06:15 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: Gondring

There is no way, though, that you can keep borrowing at that level to pay your bills. Therefore, eventually you’ll not have the money to keep those people from dying.

If I make 60 grand and spend 100 each year, after 10 years I have a 400 thousand dollar debt that will be costing me some 48 thousand a year in payments. That then leaves me 12 thousand and borrowing 88 thousand and the next year I have no money of my own and borrow a 100 grand, and that year I can pay NOTHING back.

Will the bank let me continue this way?

Will my children end up hungry?

A cut is when you spend less next year than you spent this year.


63 posted on 07/30/2011 4:31:03 PM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Jim Robinson

Take a look at this page, Jim:

http://usdebt.kleptocracy.us/


64 posted on 07/30/2011 4:47:31 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: Jim Robinson
Our government uses taxpayers as slave labor.

We can survive without big governments money, but big government can't survive without ours.
Starve that beast! Legally avoid anything with a tax (any tax) in any way you can. Make it a way of life.

65 posted on 07/30/2011 5:13:11 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: zzeeman
That might be the scale of it, $1 == 1 grain of rice.

"A measure of wheat for a penny! A measure of wheat for a penny! But touch not the oil and the wine!"

PS, the "poor" used oil and wine. In other words, "Touch not the government dependents free stuff."

I don't know if anyone else has noticed this, but the freeloaders aren't being asked to sacrifice one damn thing.

66 posted on 07/30/2011 5:19:54 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Jim Robinson
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies...

Hey dip wang, ummm you are the gubment and you have been spending more than anyone else EVER in the history of the WORLD, you cannot pass the buck anymore, bend over Mr Pres here comes reality! Own it B****!

67 posted on 07/30/2011 5:30:13 PM PDT by Karliner (The heavens declare the glory of G-D and the firmament shows HIS handiwork. Ps19:1)
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To: Jim Robinson

It’s not a “debt ceiling” it’s a debt hole and you can’t get out of a hole with more digging. Further digging will just get you to China, of you might meet China (who are digging their own hole) half-way, at someplace worse.


68 posted on 07/30/2011 5:31:28 PM PDT by Theophilus (Not merely prolife, but prolific)
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To: Jim Robinson

It’s not a “debt ceiling” it’s a debt hole and you can’t get out of a hole with more digging. Further digging will just get you to China, or you might meet China (who are digging their own hole) half-way, at someplace worse.


69 posted on 07/30/2011 5:32:31 PM PDT by Theophilus (Not merely prolife, but prolific)
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To: concerned about politics
I don't know if anyone else has noticed this, but the freeloaders aren't being asked to sacrifice one damn thing.

Exactly. All we hear about is the need for the “rich” to pay “their fair share” (straight line Marxist agitprop).

Well the simple facts of the matter are:
- If we were to raise the tax rate to 100% for all those earning over $250,000 per year, it would result (at least in the first year) in generating about $900 Billion in new tax payments. This is NOT even enough to cover this year's projected deficit (est. $1.5-1.65 Trillion). And how long does anyone think a confiscatory 100% tax rate would last?
- If fedgov seized ALL of the wealth of all those earning over $250,000 per year, which by its nature is a one-time proposition, it would yield roughly $1.5 Trillion--which would barely cover this year's projected deficit. Then what???

The simple fact of the matter is that the top 20% of tax payers in the US pay a larger portion of total taxes than in any other developed nation in the world (regardless of national size). And they pay it at a much higher rate as well. So who isn't paying “their fair share?”

Seems to me that it is time for the roughly 50% of the nation that is paying NO income tax to start to kick in their “fair share!”

70 posted on 07/30/2011 6:09:20 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: zzeeman

May I ask where you got those figures? I have a couple lib friends who I would like to share it with but they will want a source.


71 posted on 07/30/2011 6:14:47 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: Jim Robinson

Back then the national debt was much smaller and deficits were also much smaller. Now both are much higher which makes it even more critical to slam brakes on spending. I bet we were not borrowing 42 cents on every dollar spent back then.

Which all makes Obama, Kerry and other democrats a bunch of hypocritical politicians who care more about retaining power than care about future of country.


72 posted on 07/30/2011 6:33:54 PM PDT by repub4ever1 (Capitalism is not perfect, but it beats all other systems hands down.)
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To: Jim Robinson

ping


73 posted on 07/30/2011 6:59:08 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: Theophilus
Further digging will just get you to China,

Always wondered if Chinese mothers yelled at their kids in the yard "What are you trying to dig to America?"

74 posted on 07/30/2011 7:02:55 PM PDT by P.O.E. (Pray for America)
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To: kalee
The first 2 (regarding the 100% tax rate and the seizure of all wealth) came from the Stuart Varney show on FBN this past week. The guest was Robert Frank (WSJ), here is a (about 5 minutes) video of the segment: Taxing the Rich Can’t Cover U.S. Debt

The last part (about the US top 20% paying the most of all developed nations) came from the Mark Levin show about 2 weeks ago. He was reading a study from a year or so ago. Again, he may have the study linked on his show's website. I know that isn't much help. I wish that I had written down the name of the study that Mark was reading from. If I happen across it, I'll try to remember to ping you.

75 posted on 07/30/2011 7:03:22 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: zzeeman

Thanks. I have one lib friend running around screaming the sky is falling, SS recipients aren’t going to get their checks because rich people and evil corporations don’t pay their fair share and another who is mad at Obama because he isn’t left enough. lol She thinks he’s a closet Republican. Liberalism really must be a mental illness, how else could they believe this stuff? Listening to them is about to put me over the edge.


76 posted on 07/30/2011 7:10:49 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: kalee
rich people and evil corporations don’t pay their fair share

What are the non taxpayers willing to contribute? What's their fair share? What are they willing to do to help the country?

77 posted on 07/30/2011 7:14:32 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: kalee
Found it! I searched through Mark's archive and found the study: No Country Leans on Upper-Income Households as Much as U.S. (and it was actually the top 10%, not top 20%). Also, Hodge's backup material is here: Testimony of Scott Hodge before the U.S. Senate Budget Committee, Hearing on Distribution and Efficiency of Spending in the Tax Code (if you or your friend want to grind through his detailed data and presentation!). Hope that it helps!
78 posted on 07/30/2011 7:23:13 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: zzeeman

Thank you very much!


79 posted on 07/30/2011 7:24:49 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: concerned about politics

One of my friends is an older Eastern Germany immigrant and the other is the wife of Methodist minister. She and her husband are big into social justice.


80 posted on 07/30/2011 7:28:30 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: Jim Robinson

On March 16th of 2006, Reid took the Senate floor and delivered a speech on how raising the debt ceiling was part of an “unprecedented and dangerous borrowing spree.”

http://www.youtube.com/watch?v=2GcON9yEiWk&feature=player_embedded

Senate Majority Leader Harry Reid (D-Nev.) quoted Thomas Jefferson saying, “I place economy among the first and most important government virtues and public debt as the greatest of the dangers to be feared,” when voting against raising the debt ceiling in 2006.


81 posted on 07/30/2011 7:58:01 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: WOBBLY BOB

Obama is a fork tongued devil and Reid is a hissing serpent.


82 posted on 07/30/2011 8:04:29 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: Jim Robinson

Thanks for finding and posting this, Jim. It will definitely come in handy... God bless you!


83 posted on 07/30/2011 8:13:33 PM PDT by LibertyRocks
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To: Jim Robinson

http://youtu.be/8SGyVNippvA


84 posted on 07/30/2011 8:16:22 PM PDT by anniegetyourgun
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85 posted on 07/30/2011 8:43:35 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: Jim Robinson

GRRRRRRRREAT post, JimRob! Thanks.

“Everything about socialism is sham and affectation.” 23.11 Ch23; Evil; Economic Harmonies; Frederic Bastiat 1801-1850

The lie is the weapon used most often by the criminal.


86 posted on 07/30/2011 9:58:07 PM PDT by PGalt
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To: Jim Robinson; All
Not a penny to ObamaCare, the EPA, the TSA, the dept of homeland unsecurity, the dept of uneducation, the uncommerce dept, planned parenthood, acorn, the unions, etc, or any other political organization, including public broadcasting. Cut the fat, cut the pork, cut the waste, cut the fraud. Cut the federal salaries, pensions and benefits, cut their staffing, cut their offices, cut the subsidies. Cut the foreign aid, not a penny to the U.N. or any other world body. Stop the wars, declare victory and bring our troop home. Freeze and or cut all federal budgets. Send the illegal aliens packing and quit subsidizing the illegal alien invasion!

DEFUND socialist collectives, foreign and domestic (and WE are OUTTA THIS MESS).

GRRRRREAT thread...posts & graphics! Thanks to ALL posters.

87 posted on 07/30/2011 10:18:25 PM PDT by PGalt
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To: Jim Robinson
The whole thing is a complete waste of time.They are arguing about what color to paint the kitchen while the house is burning down.

Behind the scenes Lisa Jackson and the EPA are throwing ropes over the country one by one like Lilliputians. We will soon be immobilized, paralyzed, with no idea how it happened and no way to get out of it.

This debt fight is just smoke and mirrors to distract us from the progressive agenda which is to bring America down to size, dilute our culture with immigration, and redistribute our wealth.

We should hope they keep fighting well past the deadline. Our only hope is if they can't get their hands on any more money. Obamacare tax increases are just around the corner. No matter who is in the WH in 2012, Boehner and McConnell will still be in leadership. We're so screwed.

88 posted on 07/31/2011 1:53:14 AM PDT by athelass (Proud Mom of a Sailor & 2 Marines! Not raising the debt ceiling is an automatic spending cut.)
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To: ken21
connie mack’s 1% reduction would be a step in the right direction.

I agree with you, but: the one percent solution stands no chance because it is logical and uses common sense.

89 posted on 07/31/2011 8:09:08 AM PDT by upchuck (ANY plan that spreads cuts over 10 years is a canard. Cut NOW, not in ten years.)
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To: xzins; TenthAmendmentChampion; Jim Robinson
There is no way, though, that you can keep borrowing at that level to pay your bills. Therefore, eventually you’ll not have the money to keep those people from dying.

I agree 100%. But to dismiss it as "not hard" is silly and implies a lack of understanding of the magnitude of our financial mess, IMO.

Unless you want to withhold Social Security, or cut payments to defense contractors, Medicaid, or Medicare, or do things like outright confiscate tax returns, it's pretty difficult to just balance things out. As much as people like to think cutting the EPA or foreign aid will help, they're really quite miniscule when compared to Defense, Medicare, and Medicaid (and, of course, interest on the debt).

And remember that laws must be passed to overturn many programs required by law.

90 posted on 07/31/2011 9:13:06 AM PDT by Gondring (Going d'Anconia)
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To: athelass
Behind the scenes Lisa Jackson and the EPA are throwing ropes over the country one by one like Lilliputians.

So out of proportion.

If you are referring to the upgrades to power plants, they are estimated to cost less than $1 billion. We've already spent that in Libya. Even if it's 250% overrun, the $2 billion that would be passed on to consumers is dwarfed by the size of the problem in federal spending.

The Department of Education is ten times that. Defense vendors are fifteen times it. Etc.

One of the big problems is that half the population pays no federal income tax--or is handed money! There's a lot of wasteful defense spending (having our military handing out $$$ to Iraqis and Afghans is a fun thing to do and it boosts careers, but it's costly), poorly adminstered programs (with outrageous federal salaries going to people who are less qualified than others), etc.

Besides, if I break your window, you'd expect me to pay for it. Why should a polluter not be expected to maintain a clean environment? Conservation is a conservative value.

91 posted on 07/31/2011 9:33:06 AM PDT by Gondring (Going d'Anconia)
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To: Gondring

It truly is a financial mess, but let’s say you had to do with 200 or 250 billion in revenue. This chart only allows 175 billion...less than others I’ve seen.

Let’s instead say we pick 3 tiers of payments: Priorities 1, 2, 3.

Tier 1 gets paid at 100%, tier 2, at 75%, and tier 3 shares a percentage of the remainder with some being a tier 4 that simply gets dropped because it truly isn’t necessary at the federal level. Education certainly falls into that category as do a lot of other individual expenditures.

Then, let’s say you get to cut out duplication, waste, fraud, and abuse.

I don’t think we’d go over the 200-250 billion that many say is the amount of revenue brought in each month.

One problem is that there’s no willingness to TRY to isolate and identify these areas.


92 posted on 07/31/2011 10:23:23 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Jim Robinson
" It's not a sign of leadership failure when OBAMA does it!! It's GRATE LEADERSHIP!! Obama's leading us to the promised land. "

And that is how the MSM is going to portray it and sing grand praises in how DEAR Leader Mao saved the day of the " REPUBLICANS " mess of debt, and saved us from the brink of the Republicans fault of the USA almost going into default.

93 posted on 07/31/2011 11:13:20 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: Jim Robinson

JIM ROB ? this is what the MSM will say “ Our Dear leader Obama Mao saved us from the evil Republican/Tea Party’s plan of taking us into default, but, Our Wise Obama Mao saved the day, the 2012 election campaign officially starts on that note “


94 posted on 07/31/2011 11:17:01 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: HarleyD
" Then in truth we have to borrow to provide the basic necessities. "

What makes you think the government is not already borrowing for basic necessities ?
Remember Al Gore during the Clinton administration saying that the Social Security funds are in a " LOCK BOX " safe and sound so that government can't touch it ? .... well that was all a lie.
Can we actually trust government saying that they haven't touched the Social Security funds to use for government general purpose ?
What makes us think that the government is not already borrowing for basic necessities ?
What makes us think that the government's fiscal troubles are not worse then what we already know ?
95 posted on 07/31/2011 11:32:31 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: Jim Robinson

Other than the Defense Department, NSA, CIA, highway budgets, Social Security ( even though, Social Security was suppose to be or is under it’s own FICA tax funding system ) it’s time to cut the funding on the rest of government, or totally defund or get rid of those government agencies.


96 posted on 07/31/2011 11:39:51 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: Jim Robinson
" And that doesn’t mention the unfunded mega-trillion liabilities of social security, medicare and ObamaCare that are about to befall our nation. If the congress does not reverse course immediately, America is going down! The USSR was not too big to fail, neither is the USA. "

Jim ? do you ever get the feeling that what we are seeing today with this so called " Raise the Debt Ceiling " talk is just forestalling the inevitable ? that this country's fiscal and economic future is doomed ?
They may forestall it for another few months, but, unless they do something drastic, like cutting or getting rid of most of those government agencies, it's all going to come down like a house of cards and fast.
Do you get the feeling the horses have left the farm and it's to late to close the barn door ?
97 posted on 07/31/2011 11:47:26 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: Jim Robinson
" And that doesn’t mention the unfunded mega-trillion liabilities of social security, medicare and ObamaCare that are about to befall our nation. If the congress does not reverse course immediately, America is going down! The USSR was not too big to fail, neither is the USA. "

The thing is ? the longer they wait ? the worse it get's and the faster it will come crashing down.
Sort of like the snowball effect, and this snowball it big and out of control.
NOW !!! is the time to stop the spending and cut government agencies..... not next year, not next month, NOW ! ... but ? then again ? do any of you get the feeling that this is all engineered and in their grand design to bring us all down ? that they want this to happen for some nefarious purpose ?
98 posted on 07/31/2011 11:52:49 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: NormsRevenge
" OBAMA SLAMS HOUSE FOR WASTING ‘PRECIOUS DAYS’... "

That's rich, very rich, the irony, isn't it ? what about the all Democrat controlled Congress before the elections of 2010 and the lamb duck Congress that didn't even pass a budget for 2010 ? ...
The reason why the " DAYS " are fastly approaching is because Obama and the Democrats in Congress do not want to compromise.
99 posted on 07/31/2011 12:00:24 PM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: DrDude
" Tea party is the only resonable :dog in this fight”! "

That's because the rest of the dogs are insane from rabies.
100 posted on 07/31/2011 12:02:34 PM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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