Congress Raises Credit Limit Again For Bush

[Linkster]

http://www.reuters.com/article/newsOne/idUSN2742101920070928

Sixth time theyve raised the limit instead of making Bush lower his spending - what a shame - and a sham

[Moby]

That gives China more leverage over our economy since they'll be able to gobble up more of our debt.

BTW - Your link didn't seem to work http://www.reuters.com/article/newsOne/idUSN2742101920070928

[Jesse Hemingway]

Bush is quite the liberal when it comes to spending future generations’ money. Now we need to hear from the dimwitted right trying to pass this jerk off as a conservative.

[Moby]

Bush is quite the liberal when it comes to spending future generations’ money.
Shhh.....

Most republicans don't know that Dubya believes in a liberal economy and government. They think he's cutting spending, making government smaller and not signing gobs or regulations.

[Tommy]

when it comes to borrowing/spending money
they seem to all be on the same page

the only difference I see is what they spend it on

[Bill]

"Deficits don't matter"

[LadyMod at scam.com]

Raises the credit limits for him one day only to get chastised for not passing spending bills two days later.

It never ends. LOL

Bush Criticizes Congress for Failing to Pass Spending Bills
29 September 2007


President Bush says he will sign emergency legislation to keep the government running past the start of the new fiscal year on Monday, and has criticized Congress for failing to pass spending bills.

http://www.voanews.com/english/2007-09-29-voa26.cfm

[radioguy]

What does this have to with killing all the Jews in Israel lady mod? Since you praise racist, and ban those who object to Jew hating, how does this issue impact your support for a man that advocated the genocide of all the Jews in Israel?

How does this issue help in your effort to ban conservatives and "Rabble rouser's" that object to your praise for a racist white supremest named dchristie?

[Jesse Hemingway]

The best thing that could happen to the United States of America is that we are broke and all the politicians just stay home it could not be any worse then the last 6 years of the dimwitted administration.

[Linkster]

radioguy - drop it or take it elsewhere

Sir Moby - seems to still work here?? although its real slow


Tommy - long time no see buddy - good to see ya checking in :thumbsup:

[Moby]

when it comes to borrowing/spending money
they seem to all be on the same page

the only difference I see is what they spend it on
Actually there are some very big differences.

1. Republican Presidents tend to increase spending far more then Democratic Presidents. For example Dubya has increased spending more then Clinton (even when you take out the war dollars). The general rule since WW II is that Republican presidents will increase spending 2 to 3 times more then democratic presidents.

2. Reagan and Dubya have focused on borrowing money instead of generating revenue. Clinton and now Pelosi are focusing on "Pay as you go". When they increase spending they find a way to pay for it. The previous 6 years has just been increase spending. borrow money and let someone else worry about it.

What gets me is that most war supporters complain every time you talk about paying for the war. They only want to borrow money for the war and refuse to discuss increasing taxes to actually pay for it.

[LadyMod at scam.com]

What gets me is that most war supporters complain every time you talk about paying for the war. They only want to borrow money for the war and refuse to discuss increasing taxes to actually pay for it.

That kind of shows how little regard or care they have for their children and grandchildren who will get stuck with the bill.

That might also be the results of the mentality of the "free credit" generation. Max out the cards, pay the minimum or go bankrupt. The only problem with that kind of thinking is that it doesn't quite work out as easily between countries as it does between individuals. A countries debt is like a "secured" debt, the collateral can be collected. Our people and land are good security and that's what is up for grabs. When you default on a secured debt loan, the collateral transfers over to the new owner. China for instance would then run the country.

When people go bankrupt it's mostly unsecured debt. They suffer a little bit but keep all or most of what they have. In 7 years than can repeat the process.

In the end, we lose no matter if we win the war or lose it. We still lose.


Lady Mod