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Question by John Doe: How can we take Obama seriously on the debt ceiling debate when he said this in 2006? “America has a debt problem and a failure of leadership. Americans deserve better I therefore intend to oppose the effort to increase America’s debt limit.” So is he saying that he has failed to [...]
Schiff Report Video Blog July 30th 2011 Note: Just I a forecast in this video, on August 2nd Congress passed & Obama signed an increase in the debt ceiling with no real reductions in spending. The Dow dropped 265 points and gold surged per ounce to a new all-time record high! The markets have spoken [...]
Question by Hob: When did raising the debt ceiling become the responsible thing to do? It would seem to me that a debt ceiling was imposed to try to force some responsibility on politicians who want to put government’s expenses on the credit card. Now many, especially the Democrats, are spinning the issue like not [...]
Basic of the deficit, debt and debt ceiling Video Rating: 4 / 5 (link to lesson 3: www.youtube.com Lesson 2 – Revisiting Economics 101 – Debt: Imperial Power and Control discusses the power of debt-based money, emboded in the bond market, and its ability to exert total top-down power and control over the empire. You [...]
by LSE Library Question by cargo pilot III Flyin’ Mayan: Why Do Liberals So Desperately Want The Debt Ceiling Raised And Resist Any Attempt To Reduce Government Bloat? Do liberals have any limit to the power and debt they desire the Federal government to have? If so, how much debt and Federal bloat do liberals [...]
Question by Dr.T: Why do you suppose people are equating not increasing the debt ceiling with default? Obviously we have more than enough tax revenue to maintain our debt payments. So default is simply ridiculous. We’ll just have to curtail spending. That’s a GOOD thing! Best answer: Answer by brucec83Hmmmm. Choices. Cut my grandma’s medicare [...]
Question by Their Constitution rules them: How is each side in the debt ceiling debate demagoguing the issue? What are the halve truths and lies by omission that each side is spreading about the debt ceiling issue and the idea of “defaulting” on the debt? Best answer: Answer by MARK BObama has it right. He [...]
by LSE Library Question by Jennilynn: Why do liberals think raising the debt ceiling is a reliable fix? If you had a credit card that maxed out at $ 5,000 yet you currently over spend by $ 10,000, raising your credit limit isn’t going to make you more money. You cut your debt by not [...]
by LSE Library Question by What You Talkin’ About?: How many times did a Republican controlled Congress vote to increase the debt ceiling while Bush was president? Without so much as a complaint? Why didn’t they make a big deal out of it then? They were the ones who made the debt line vertical. Obama [...]
Question by Growth vs Oil: Why would Boehner and Cantor want to raise the debt ceiling when their portfolio will gain without it raised? That`s right if the debt ceiling is not raised Eric Cantor and John Boehner`s personal portfolio will gain. Or in short they will make money off the ceiling not being raised. [...]