Obamacare MUST be on the table (in Fiscal Cliff talks)

[dogtowner]

gotta like how Boehner is staying ahead of the lefties on this

lets just be clear, there may be no increase in the debt ceiling. you start there.

As congressional leaders and President Barack Obama search for common ground to tame the national debt as the weeks dwindle down to end of the year, House Speaker John Boehner said the Affordable Care Act, often referred to as Obamacare, must be included in deficit negotiations.

"We can't afford it, and we can't afford to leave it intact," Boehner wrote of Obama's signature healthcare initiative in the Cincinnati Enquirer. "That's why I've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge."

 

[Openmind]

gotta like how Boehner is staying ahead of the lefties on this

lets just be clear, there may be no increase in the debt ceiling. you start there.

 

[Little-Acorn]

gotta like how Boehner is staying ahead of the lefties on this

lets just be clear, there may be no increase in the debt ceiling. you start there.

Keep in mind the math on that statement.

If we hit the debt ceiling and don't raise it, then all budgets from then on must be balanced. Spending can no longer exceed revenue, even by a penny. The deficit (which has been a trillion dollars each of the last four years) gets suddenly wound down to zero. Immediately.

Not that I think that's a bad idea. Balanced budgets (though we haven't had one since 1957) are a good thing.

It's just an impossible idea with the politicians - and the electorate - we presently have. See https://www.houseofpolitics.com/thr...e-with-their-ordinary-problems-in-life.16233/

 

[dogtowner]

Keep in mind the math on that statement.

If we hit the debt ceiling and don't raise it, then all budgets from then on must be balanced. Spending can no longer exceed revenue, even by a penny. The deficit (which has been a trillion dollars each of the last four years) gets suddenly wound down to zero. Immediately.

Not that I think that's a bad idea. Balanced budgets (though we haven't had one since 1957) are a good thing.

It's just an impossible idea with the politicians - and the electorate - we presently have. See https://www.houseofpolitics.com/thr...e-with-their-ordinary-problems-in-life.16233/

its totally possible with the bicameral legislature we have. just sayin'

 

[Little-Acorn]

its totally possible with the bicameral legislature we have. just sayin'

Good to hear.

How do you plan to get them to do it?

 

[dogtowner]

Good to hear.

How do you plan to get them to do it?

what is there to make them do otherwise ?

the alternative (which actually has the same effect) is to give tax cheat tim geitner his unlimited credit card and say ok to all bi tax increases and mindless spending and see if anyone will buy that debt. right now bernake is buying it all. evrryone else is just rolling old debt over.

we're screwed no matter what. why not go out with a bang instead of a wimper ?

 

[GenSeneca]

Let's also not forget that Turbo Tax Cheat Geitner is running QE-Infinity, using the Fed (printed money) to purchase $40 billion a month in assets... That's $480 billion a year. Leftists like to complain about "regressive" taxation, taxes that hit everyone equally and nobody can avoid, but they don't recognize inflation for what it is - the most regressive and destructive form of taxation.

Point being, even if we held firm on the debt ceiling, Timmy could just increase the amount of debt the Fed purchases to cover the overages and skirt around the debt ceiling. Sure that would massively drive up inflation but Obama's going about the business of "perfecting the union" and you can't make an omelet without authorizing the slaughter of millions of unborn chickens, FORWARD!

 

[Cruella]

Let's also not forget that Turbo Tax Cheat Geitner is running QE-Infinity, using the Fed (printed money) to purchase $40 billion a month in assets... That's $480 billion a year. Leftists like to complain about "regressive" taxation, taxes that hit everyone equally and nobody can avoid, but they don't recognize inflation for what it is - the most regressive and destructive form of taxation. ...snip.... FORWARD!

Yup! At my local market, they were selling porterhouse steaks for $29.88 a lb.
Needless to say, no one was buying them.

The next financial "bubble" to pop will be the cash bubble.

 

[pocketfullofshells]

Nope...

 

[Gipper]

Nope...

That is a safe response for you. Because had you provided some details to back your opinion, some of us could have easily refuted it with logic and reason.