Another day - another possible deal - where do you think the Debt Limit negotiations will wind up?

[Anonymous]

Discuss.

[Anonymous]

On August 1st.

Work will expand to fill the time available for it.

[Anonymous]

I don't know, but if democrats cave on revenue increases on high income earners while simultaneously caving on cuts to vital programs i'm going to throw up and switch parties. i completely disagree with republicans but at least they can stay on message.

[Anonymous]

Anonymous wrote:I don't know, but if democrats cave on revenue increases on high income earners while simultaneously caving on cuts to vital programs i'm going to throw up and switch parties. i completely disagree with republicans but at least they can stay on message.

I feel the same way. Where does it leave us? We can't stay home from the polls but our elected leaders are not representing us.

[Anonymous]

Democrats need their own Tea Party like movement.

[Anonymous]

Democrats will cave give GOP everything they want. I will never vote Republican but the Dems will pi$$ me off if they give in.

[Anonymous]

Democrats have to cave because their position is not feasible. Medicare is growing at a rate several times that of GDP. So we can cut it, raise taxes 88% or go bankrupt.

Republicans will certainly agree to closing some loopholes in taxes if Obama is serious about a big deal. All Obama wants is a token non-binding deal to get him re-elected as a centrist in 2012. Republicans hopefully will not fall for that again.

[Anonymous]

Some sort of deal will be signed, but late enough to cause spikes in the interest rates and billions of dollars of extra interest payments from the US Treasury. But nobody will care and politicians will never feel repercussions b/c it all just seems like play money.

[Anonymous]

I'm glad the issues are finally being talked about, but unfortunately I just think the country's spending will continue. If we can't cut spending (Democrats) and can't raise more revenue (Republicans) now, the pain will be worse down the road.

There is too much greed, short-sightedness, and unwillingness to sacrifice for the good of the country and so that future generations can have the same advantages that past generations have had.

It is downright ridiculous for healthy, able-bodied people to feel entitled to "retire" at 55 or 62, when they are fortunate enough to look forward to several healthy decades in front of them. Some will be "retired" for longer than they worked.

It kills me to hear baby boomers and other older-generation Americans whine about immigrants supposedly taking public benefits, when THEY are part of the problem, a retirement public benefit system based on very outdated lifespan expectations.

I'm not quite 30 and I'm pretty much resigned to the fact that my generation, and my children, will have a lower standard of living than what our parents and grandparents had, due to entitlements out of control and weak-willed voters/politicians willing to kick the can down the road.

[Anonymous]

But it would be good for the governemnt to default so that interest rates will rise. The reason all those companies and banks are sitting on all that cash right now is because there is no decent investment, so higher interest rates will result in them investing. That is better than them hiring more people overseas, because you know we don't make anything here anymore anyways.

Also, no one should pay more taxes. It's just wrong. Even though my taxes won't go up, I don't want anyone's taxes to go up. Cuts are the answer.

The medicare cuts threatened are so bs. After all, medicare and social security are actually runnign a surplus; it's not projected to run out of money for 20 more years and the reason there is a problem now is because other parts of the government borrowed all that surplus. Plus, if they cut social security and medicare, who cares? Those people should have saved.

You know, I used to respect the person from whose mouth the above drivel came. Perhaps if we could get all FoxNews watchers to read the Wall Street Journal so they had a clue how the world worked, we wouldn't be in this mess.

[Anonymous]

Anonymous[b wrote:]But it would be good for the governemnt to default so that interest rates will rise. The reason all those companies and banks are sitting on all that cash right now is because there is no decent investment, so higher interest rates will result in them investing. That is better than them hiring more people overseas, because you know we don't make anything here anymore anyways.
[/b]
Also, no one should pay more taxes. It's just wrong. Even though my taxes won't go up, I don't want anyone's taxes to go up. Cuts are the answer.

The medicare cuts threatened are so bs. After all, medicare and social security are actually runnign a surplus; it's not projected to run out of money for 20 more years and the reason there is a problem now is because other parts of the government borrowed all that surplus. Plus, if they cut social security and medicare, who cares? Those people should have saved.

You know, I used to respect the person from whose mouth the above drivel came. Perhaps if we could get all FoxNews watchers to read the Wall Street Journal so they had a clue how the world worked, we wouldn't be in this mess.

I am afraid you are an idiot. Higher interest rates will result in them investing? Do you know anything about economics?

[Anonymous]

Anonymous wrote:

Anonymous[b wrote:]But it would be good for the governemnt to default so that interest rates will rise. The reason all those companies and banks are sitting on all that cash right now is because there is no decent investment, so higher interest rates will result in them investing. That is better than them hiring more people overseas, because you know we don't make anything here anymore anyways.
[/b]
Also, no one should pay more taxes. It's just wrong. Even though my taxes won't go up, I don't want anyone's taxes to go up. Cuts are the answer.

The medicare cuts threatened are so bs. After all, medicare and social security are actually runnign a surplus; it's not projected to run out of money for 20 more years and the reason there is a problem now is because other parts of the government borrowed all that surplus. Plus, if they cut social security and medicare, who cares? Those people should have saved.

You know, I used to respect the person from whose mouth the above drivel came. Perhaps if we could get all FoxNews watchers to read the Wall Street Journal so they had a clue how the world worked, we wouldn't be in this mess.

I am afraid you are an idiot. Higher interest rates will result in them investing? Do you know anything about economics?

In case the first PP is not around at the moment, I'll point out that the last sentence shows that the rest is a parody of the Fox News party line.

[Anonymous]

Anonymous wrote:But it would be good for the governemnt to default so that interest rates will rise. The reason all those companies and banks are sitting on all that cash right now is because there is no decent investment, so higher interest rates will result in them investing. That is better than them hiring more people overseas, because you know we don't make anything here anymore anyways.

Also, no one should pay more taxes. It's just wrong. Even though my taxes won't go up, I don't want anyone's taxes to go up. Cuts are the answer.

The medicare cuts threatened are so bs. After all, medicare and social security are actually runnign a surplus; it's not projected to run out of money for 20 more years and the reason there is a problem now is because other parts of the government borrowed all that surplus. Plus, if they cut social security and medicare, who cares? Those people should have saved.

You know, I used to respect the person from whose mouth the above drivel came. Perhaps if we could get all FoxNews watchers to read the Wall Street Journal so they had a clue how the world worked, we wouldn't be in this mess.

Companies aren't lenders. They don't put their money to work by investing it in other companies' debt. The only useful thing they can use their cash for is to invest in business. But of course that is spending, and higher interest rates make them more conservative about cash, because it is harder for them to borrow when they need it. And it is harder to attract capital from the outside if government debt is more attractive to those investors.

You should have taken intro Macroeconomics in high school or college. High interest rates crowding out investment is pretty much the most basic concept they will teach you. It is the primary reason that government debt affects business.

[Anonymous]

Anonymous wrote:I don't know, but if democrats cave on revenue increases on high income earners while simultaneously caving on cuts to vital programs i'm going to throw up and switch parties. i completely disagree with republicans but at least they can stay on message.

"Staying on message" isn't necessarily a positive thing. http://fcit.usf.edu/HOLOCAUST/people/DocPropa.htm
Of course, I'm not equating the GOP with Hitler's ilk but some of their tactics seem eerily similar. The Democrats approach is not effective for just the opposite reason.

[Anonymous]

Anonymous wrote:
In case the first PP is not around at the moment, I'll point out that the last sentence shows that the rest is a parody of the Fox News party line.

Original PP here. My defender is partially correct. The person who spoke everything except for the last sentence is my Fox News watching father. I don't know how he turned into this person.