Jamie_B Posted August 8, 2011 Author Report Share Posted August 8, 2011 http://www.youtube.com/watch?v=9QDQ3R4oan8 Link to comment Share on other sites More sharing options...
oldschooler Posted August 8, 2011 Report Share Posted August 8, 2011 This is how bad it was on Wall St. today. My 401(k) balance now says "Ryan Leaf." Link to comment Share on other sites More sharing options...
Fela Kuti Posted August 9, 2011 Report Share Posted August 9, 2011 [quote name='oldschooler' timestamp='1312844207' post='1013029'] This is how bad it was on Wall St. today. My 401(k) balance now says "Ryan Leaf." [/quote] Link to comment Share on other sites More sharing options...
oldschooler Posted August 9, 2011 Report Share Posted August 9, 2011 [url="http://twitter.com/#!/TankJohnson99"][b][color="#333333"]TankJohnson99[/color][/b][/url][color="#999999"]Tank Johnson[/color] [url="http://twitter.com/#!/search?q=%23onmymomma"]#onmymomma[/url][color="#444444"] if I loose any more bread I'm walking down to the stock market and ringing the bell my damn self let's goooo America dang [/color][url="http://twitter.com/#!/TankJohnson99/status/100765459372183552"][size="2"][color="#999999"]3 minutes ago[/color][/size][/url] Link to comment Share on other sites More sharing options...
oldschooler Posted August 9, 2011 Report Share Posted August 9, 2011 [url="http://twitter.com/#!/rivers55"][b][color="#333333"]rivers55[/color][/b][/url][color="#999999"]Keith Rivers[/color][url="http://twitter.com/TankJohnson99"]@TankJohnson99[/url][color="#444444"] balance your portfolio fool [/color][url="http://twitter.com/#!/rivers55/status/100765756832227329"][size="2"][color="#999999"]4 minutes ago[/color][/size][/url] [url="http://twitter.com/#!/TankJohnson99"][b][color="#333333"]TankJohnson99[/color][/b][/url][color="#999999"]Tank Johnson[/color][url="http://twitter.com/rivers55"]@rivers55[/url][color="#444444"] balance? I am balanced that don't mean u can't lose 50 racks on some BS balanced don't mean u won't lose money [/color][url="http://twitter.com/#!/TankJohnson99/status/100766214644699137"][size="2"][color="#999999"]3 minutes ago[/color][/size][/url] Link to comment Share on other sites More sharing options...
|kennethmw| Posted August 9, 2011 Report Share Posted August 9, 2011 [quote name='Vol_Bengal' timestamp='1312826844' post='1012958'] Apparently, so does Obama. But my question is - why was it created to start with? Apparently, according to you and Obama at least, it was a sham / joke from the get go... why even spend the time and money on doing anything with it? I'm not attempting to be sarcastic at all. I just don't understand using the resources of the federal government on a project / commission / whatever that is viewed as a joke from the outset and nothing will be accomplished from it at the end. [/quote] Well they tried to do it congressionally, and were actually going to put some Teeth in it. It had 7 republican senators as co-sponsors. However, once Obama came out an said he thought it was a good idea, all seven Republican Co-sponsors voted against it. Who'da thunk it? Link to comment Share on other sites More sharing options...
Vol_Bengal Posted August 11, 2011 Report Share Posted August 11, 2011 [quote name='kennethmw' timestamp='1312915542' post='1013346'] Well they tried to do it congressionally, and were actually going to put some Teeth in it. It had 7 republican senators as co-sponsors. However, once Obama came out an said he thought it was a good idea, all seven Republican Co-sponsors voted against it. Who'da thunk it? [/quote] You're gonna have to provide me some sources to where there was any bill that involved Obama cutting $4 trillion dollars in debt... hell, I'd like to find any discussion of any of these gutless politicians that were bringing up those kinds of numbers... The biggest one I remember was Boehner's $2.4 trillion in cuts and like a couple trillion in debt ceiling increase. Link to comment Share on other sites More sharing options...
|kennethmw| Posted August 12, 2011 Report Share Posted August 12, 2011 [quote name='Vol_Bengal' timestamp='1313071736' post='1013932'] You're gonna have to provide me some sources to where there was any bill that involved Obama cutting $4 trillion dollars in debt... hell, I'd like to find any discussion of any of these gutless politicians that were bringing up those kinds of numbers... The biggest one I remember was Boehner's $2.4 trillion in cuts and like a couple trillion in debt ceiling increase. [/quote] I wasn't talking about the debt ceiling debate, I was talking about the fiscal commission plan that was in the senate. The one that failed 53-46 after seven republican co-sponsors voted against the bill once Obama said it was a good idea. http://thehill.com/homenews/senate/79599-gregg-calls-for-re-vote-on-fiscal-commission Link to comment Share on other sites More sharing options...
Vol_Bengal Posted August 12, 2011 Report Share Posted August 12, 2011 [quote name='kennethmw' timestamp='1313163115' post='1014247'] I wasn't talking about the debt ceiling debate, I was talking about the fiscal commission plan that was in the senate. The one that failed 53-46 after seven republican co-sponsors voted against the bill once Obama said it was a good idea. http://thehill.com/homenews/senate/79599-gregg-calls-for-re-vote-on-fiscal-commission [/quote] You mean the one that had their first meeting April 27th, 2010? That commission exists. They've met every month since the initial April of last year meeting. [url="http://www.fiscalcommission.gov/"]Here[/url] is their website. That is my point. You're saying Obama thought it was a good idea - obviously because he created the commission. So... this same commission created a study to determine the best route for debt reduction, debt ceiling alleviation, etc. and that report was released in December, 2010. You can find it [url="http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth12_1_2010.pdf"]here[/url]. That is what I'm trying to say - why did Obama created said commission, have a report created to offer debt reduction ideas, and then not be in favor of implementing ANY of them? He finally caved to the spending cuts after we got to the 11th hour. Here is a quick paragraph from that 66 page report: [quote]Economic recovery will improve the deficit situation in the short run because revenues will rise as people go back to work, and money spent on the social safety net will decline as fewer people are forced to rely on it. But even after the economy recovers, federal spending is projected to increase faster than revenues, so the government will have to continue borrowing money to spend. The Congressional Budget Office (CBO) projects if we continue on our current course, deficits will remain high throughout the rest of this decade and beyond, and debt will spiral ever higher, reaching 90 percent of GDP in 2020.[/quote] So... according to this office / commission no matter how much better our economy gets, or no matter how well we would grow jobs, we were not going to realize a break even point and start paying down the debt without the proposed $4 trillion in cuts that the commission proposed. Hence, even with the plan that was put into play - we're still going further into debt, just at a slower pace. Essentially, this is where the S&P, back in July was saying that they needed to see approximately $4 trillion in cuts for the US to keep its AAA rating... it didn't happen, thus our rating dropped. Our politicians are spineless. But, aside from that - how the hell did our government get to the point where S&P, Moody's, and one or 2 others have soooo much power to force politicians hands and even force American's to have to pay more in interest payments? Something doesn't seem right about that. Link to comment Share on other sites More sharing options...
Jamie_B Posted August 12, 2011 Author Report Share Posted August 12, 2011 S&P didnt downgrade us because of not enough cuts, they also mentioned a lack of revenue, but ultimately it was because of the infighting and not coming to sensible solutions to our problems is why they did it. Of course S&P has their own credibility problems. Link to comment Share on other sites More sharing options...
sois Posted August 12, 2011 Report Share Posted August 12, 2011 [quote name='Jamie_B' timestamp='1313181252' post='1014382'] S&P didnt downgrade us because of not enough cuts, they also mentioned a lack of revenue, but ultimately it was because of the infighting and not coming to sensible solutions to our problems is why they did it. Of course S&P has their own credibility problems. [/quote] S&P is equal to Bobby Petrino in credibility. Link to comment Share on other sites More sharing options...
|kennethmw| Posted August 13, 2011 Report Share Posted August 13, 2011 [quote name='Vol_Bengal' timestamp='1313180838' post='1014376'] You mean the one that had their first meeting April 27th, 2010? That commission exists. They've met every month since the initial April of last year meeting. [url="http://www.fiscalcommission.gov/"]Here[/url] is their website. That is my point. You're saying Obama thought it was a good idea - obviously because he created the commission. So... this same commission created a study to determine the best route for debt reduction, debt ceiling alleviation, etc. and that report was released in December, 2010. You can find it [url="http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth12_1_2010.pdf"]here[/url]. That is what I'm trying to say - why did Obama created said commission, have a report created to offer debt reduction ideas, and then not be in favor of implementing ANY of them? He finally caved to the spending cuts after we got to the 11th hour. Here is a quick paragraph from that 66 page report: So... according to this office / commission no matter how much better our economy gets, or no matter how well we would grow jobs, we were not going to realize a break even point and start paying down the debt without the proposed $4 trillion in cuts that the commission proposed. Hence, even with the plan that was put into play - we're still going further into debt, just at a slower pace. Essentially, this is where the S&P, back in July was saying that they needed to see approximately $4 trillion in cuts for the US to keep its AAA rating... it didn't happen, thus our rating dropped. Our politicians are spineless. But, aside from that - how the hell did our government get to the point where S&P, Moody's, and one or 2 others have soooo much power to force politicians hands and even force American's to have to pay more in interest payments? Something doesn't seem right about that. [/quote] Did you not even read the link I was talking about? CONGRESS was going to put in PLACE A FISCAL DEBT COMMISSION THAT WAS GOING TO REQUIRE THAT EVERY ISSUE HAD TO BE VOTED ON BY CONGRESS. SEVEN, COUNT THEM, SEVEN REPUBLICANS THAT CO-SPONSORED THE IDEA, EITHER VOTED AGAINST IT, OR DIDN'T VOTE AT ALL, AFTER PRESIDENT OBAMA CAME OUT AD SAID IT WAS A GOOD IDEA. ONLY AFTER THAT, DID THE FISCAL COMMISSION WITH NO TEETH GET CREATED BY PRESIDENT OBAMA. Link to comment Share on other sites More sharing options...
Vol_Bengal Posted August 15, 2011 Report Share Posted August 15, 2011 [quote name='kennethmw' timestamp='1313195485' post='1014652'] Did you not even read the link I was talking about? CONGRESS was going to put in PLACE A FISCAL DEBT COMMISSION THAT WAS GOING TO REQUIRE THAT EVERY ISSUE HAD TO BE VOTED ON BY CONGRESS. SEVEN, COUNT THEM, SEVEN REPUBLICANS THAT CO-SPONSORED THE IDEA, EITHER VOTED AGAINST IT, OR DIDN'T VOTE AT ALL, AFTER PRESIDENT OBAMA CAME OUT AD SAID IT WAS A GOOD IDEA. ONLY AFTER THAT, DID THE FISCAL COMMISSION WITH NO TEETH GET CREATED BY PRESIDENT OBAMA. [/quote] So, you're acknowledging in this point that Obama did, in fact, create a fiscal commission... that said, why didn't he add ANY of said fiscal commission's recommendations from their December 2010 report? Nothing. You say no teeth but the very person that created the commission didn't include any of their recommendations in his initial debt ceiling proposal / "want list". It definitely won't have any teeth if the very person that created the commission doesn't infuse their recommendations into his thinking. So I get back to why even create the commission if you're not going to take any of their recommendations and put them to use? But, again, we're arguing party politics... you think Obama and Dems are wonderful so they've done little wrong in this debt issue, repubs are the devil and suck so it is all their fault. I think by and large they all suck. Link to comment Share on other sites More sharing options...
Jamie_B Posted August 15, 2011 Author Report Share Posted August 15, 2011 boo i just gave both of you +1 because I thought the arrow was the take me back to the top of the page arrow. stupid skin Link to comment Share on other sites More sharing options...
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