John Boehner Told Harry Reid 'Go (blank) Yourself' Outside the Oval Office

[gator996]

Originally Posted by G8trGr8t

I'm thinking it was his opening salvo on the debt ceiling negotiations...sounds just like 0's opening offfer. I hope they just shut down the gubmnt for a few months. That would save some coin.

Save some coin at the expense of another credit downgrade& global financial market turmoil???



.

[G8trGr8t]

well it seems that the dems do not want compromise on spending so maybe it is the only solution left. what other way do the pubs have to get the dems to face the reality that we cannot keep running TRILLION $$$ deficits? they are so detached from reality that it is the new normal for them, just keep printing. something has to convince the dems that they do not run the federal gubmnt

dems are willing to go nuclear to get their way, why shouldn't the fiscally responsible members of the pub party (few as theya re) be willing to do the same thing?

do you have a better idea to convince them that trillion $$$ deficits are not sustainable? do you believe in free lunches and the tooth fairy?

once the bond market says no more, it will be too late. do the math, what happens if/when the cost of borrowing goes to 4%? how much will taxes have to be raised just to cover the additional interest?

[gator996]

Exactly where is the bond market going to run to?

[g8orbill]

Reid's an asshat- i have no problem him saying that

[G8trGr8t]

Originally Posted by gator996

Exactly where is the bond market going to run to?

commodities..oil, copper, wheat, etc....things that people have to have, things that will increase in value as the $$ is devalued..that and currencies that are backed by commodities (Canada, Australia)

do you think that trillion $$ deficits are sustainable? Y or N

[jdrgator]

Originally Posted by G8trGr8t

well it seems that the dems do not want compromise on spending so maybe it is the only solution left. what other way do the pubs have to get the dems to face the reality that we cannot keep running TRILLION $$$ deficits? they are so detached from reality that it is the new normal for them, just keep printing. something has to convince the dems that they do not run the federal gubmnt

dems are willing to go nuclear to get their way, why shouldn't the fiscally responsible members of the pub party (few as theya re) be willing to do the same thing?

do you have a better idea to convince them that trillion $$$ deficits are not sustainable? do you believe in free lunches and the tooth fairy?

once the bond market says no more, it will be too late. do the math, what happens if/when the cost of borrowing goes to 4%? how much will taxes have to be raised just to cover the additional interest?

You really can't start talking tooth fairy nonsense having posted what you did just before. It's kind of a pot-kettle thing...

[brainstorm]

In this case, it's the pot calling the kettle "red".

[gator996]

Originally Posted by G8trGr8t

commodities..oil, copper, wheat, etc....things that people have to have, things that will increase in value as the $$ is devalued..that and currencies that are backed by commodities (Canada, Australia)

do you think that trillion $$ deficits are sustainable? Y or N

You do know that many of the buyers of US Treasuries cannot buy those commodities for their investment portfolios, right?

China, and other soverigns, can't simply swap US Treasuries for wheat...



Trillion dollar deficts aren't sustainable forever...
Who's arguing that point besides conservatives with imaginary opposition?

Longterm deficit reduction will occur from tax reform, entitlement reform, eliminating wasteful spending, and economic growth....not by simply eradicating federal government.

[PSGator66]

I would love to tell Harry the same thing!

[G8trGr8t]

do you believe that trillion $$ deficits are sustainable for 8 years running?

what do you think the long term results of those deficits will be for future generations? keep in mind that we are not investing, we are just spending.

are resources unlimited in your world?

[G8trGr8t]

Longterm deficit reduction will occur from tax reform, entitlement reform, eliminating wasteful spending, and economic growth

Read more: http://www.gatorcountry.com/swampgas...#ixzz2GqWdFiaw

and who on the democratic side of the aisle is willing to embrace a single one of these? gubmnt growth funded by resources stolen from future generations does not produce economic growth

dems got the taxes they wanted and have shown no desire or willingness to address spending

[wargunfan]

We ARE going to continue to run trillion dollar deficits. We ARE going to print worthless fiat currency. We ARE going to see more and more Americans slip into federal dependency. We ARE going to go broke. The only question is when. Harry Reid knows that. Nancy Pelosi knows that. They all know it. The only fools who don't know it are the American people. They still believe that there is a chance for fiscal sanity. Well, there isn't. The majority of voters have decided to run the great liberal gravy train until the engine explodes. I say we should all get on the train and pour on the coal. The sooner this train blows up the sooner we can start over. Every thinking person knows where the nation is headed. If you have the means prepare for the explosion then you will come out the other side whole. Let the lemmings die in the explosion. Stop worrying about future generations. That ship has sailed. It will be up to our posterity to see what they can build on the ruins of our blind selfishness.

[gator996]

Are they sustainable for 8 years?
Yes.

We can fund the $20T forecasted by 2016...
Don't see the US Treasury market drying up anytime soon.


And then guess what... unless you believe the global economy will never recover, then we'll pay down the debt through economic growth and that will be fostered through tax reform, entitlement reform, reduction in wasteful spending...



What do you mean we're not investing just spending?

Federal money directed into R&D, education, infrastructure, energy isn't investment?

[Gatoragman]

Uh, why do we need to wait until 2016 to have tax reform,entiltlement reform, reduction in wastfull spending......?

[gator996]

Who said anything about waiting to 2016?

[Gatoragman]

Uh you did.

Are they sustainable for 8 years?
Yes.

We can fund the $20T forecasted by 2016...Don't see the US Treasury market drying up anytime soon.


And then guess what... unless you believe the global economy will never recover, then we'll pay down the debt through economic growth and that will be fostered through tax reform, entitlement reform, reduction in wasteful spending...



Read more: http://www.gatorcountry.com/swampgas...#ixzz2Gqd75P4a

[gator996]

That isn't saying we have to wait to 2016....
The question was "Can we run trillion dollar deficits for the next 8 years?"

I take that to mean for Obama's 2 terms ending in 2016.

The answer to that question is yes...
The debt is forecasted to $20T at the end of Obama's 2nd term (I believe) and we certainly can fund it.

Obama has already stated we have to look at tax reform & entitlement reform....

The problem is his solutions aren't yours...

[wargunfan]

Originally Posted by gator996

Are they sustainable for 8 years?
Yes.

We can fund the $20T forecasted by 2016...
Don't see the US Treasury market drying up anytime soon.


And then guess what... unless you believe the global economy will never recover, then we'll pay down the debt through economic growth and that will be fostered through tax reform, entitlement reform, reduction in wasteful spending...



What do you mean we're not investing just spending?

Federal money directed into R&D, education, infrastructure, energy isn't investment?

That sounds wonderful. Tell us, Pollyanna, when is all this government reform and dynamic growth going to begin, 2013, 2014, 2015 or 2016? I am so excited! I just cant wait!

[gator996]

Originally Posted by wargunfan

That sounds wonderful. Tell us, Pollyanna, when is all this government reform and dynamic growth going to begin, 2013, 2014, 2015 or 2016? I am so excited! I just cant wait!

Pollyanna?

Pollyanna is thinking you can turn medicare into a voucher system...
Pollyanna is thinking Ryan's budget plan has any real support...
http://articles.latimes.com/2012/dec...udget-20121205


What's happening in the real world is...

Obamacare in 2014
Exiting Afghanistan in 2014
Increasing tax revenue in 2013
Tax reform before Obama is out of office
Entitlement reform before Obama is out of office

[g8orbill]

[quote=gator996;6277379]Pollyanna?

Pollyanna is thinking you can turn medicare into a voucher system...
Pollyanna is thinking Ryan's budget plan has any real support...
http://articles.latimes.com/2012/dec...udget-20121205


What's happening in the real world is...

Obamacare in 2014
Exiting Afghanistan in 2014
Increasing tax revenue in 2013
Tax reform before Obama is out of office
Entitlement reform before Obama is out of office[/QUOTE]


won't happen under obama