The United States Debt Limit Explained

[kaykay]

Putting aside the "petty" differences for now in order to unite and re-enshrine the Constitution will ensure that we can pick up the disagreements later if desired.Failure to do so ensures that we will NOT because slaves enjoy no such luxury.

 

[2minis4us]

My apologies if I was found to be offensive as my intent was to be the opposite.

Not offensive at all. The Federal Reserve are the ones in control IMO, and no, they are not the good guys. There is some interesting reading on the internet about what they do and why the country is in such a mess ! It's sickening.

 

[Carriage]

Not offensive at all. The Federal Reserve are the ones in control IMO, and no, they are not the good guys. There is some interesting reading on the internet about what they do and why the country is in such a mess ! It's sickening.

Oh good.

Yes I fully concur with your statements. The internet must always be "sifted" or read with a critical, objective and an educated and critical thinking mind as there is MUCH that is false and or thrown out to confuse and confound the pursuit of "the" truth. That being said, said "truth" IS out there.

However If I may, I would like you to expand the playing field a bit. The "fed" is a "trigger puller" and takes its marching orders like all the worlds central banks from a single source. It is this entity that is of profound importance. To follow the mafia theme, the fed represents a mafioso "lieutenant". Now that lieutenant does give orders, however they are passed on orders and the order does not originate with the lieutenant. The lieutenant takes its orders from the godfather. As the godfather has NO shortage of lieutenants, taking out one lieutenant does little permanent good.

One must remove the godfather as well if they expect any kind quasi permanent fix.

I say "quasi" in that it has never remained permanent. Countries have risen up to throw of the yoke of this monster and enjoyed freedom from it, for a while, but human nature being what it is they become lax in their vigilance and allow the foothold to be realized again. Without removing the godfather, you will find yourself in a fight for survival against much of the world unless they too rise up to throw of the yoke at the same time. Because any country declining to play ball with the godfather, and he has a VERY long memory, will find itself destroyed. Said country then finds itself playing ball as the godfather dictates and in slavery.

I would prefer liberty thank you very much.

What a beautiful day,

Bb

 

[Jill]

Of course I love the idea of re-establishing our Nation's faith the Constitution. That's a hallmark value of the new common sense conservative movement. Dare I mention the Tea Party? That's at the heart of what it's about!

I really love what shining star, Marco Rubio, said about the debt ceiling and Obama's recent address to our Nation. I can't imagine how anyone can fault what Rubio says here -- perfect logic from a common sense conservative:

http://www.youtube.com/watch?v=WkFIXdby4Cs&feature=player_embedded

 

[barnbum]

This is always a tricky topic to talk about with 5th graders, especially during an election year. It's important to me students understand the differences in Dem vs Rep beliefs. Jill--the link to the article on liberal vs conservative is very helpful as we approach this topic in current events talks this year. It can't be shared in its entirety, but parts will be wonderful to discuss with them. Being a conservative republican myself (there are a few areas where I lean left-death penalty and energy), it's hard to keep my thoughts to myself in the classroom, but I'm proud to say my students never have a clear idea who I voted for any year. I won't share that with them until after the election. I tell them it's not my job to persuade them to my way of thinking, it's my job to make sure they understand who they are voting for and why.

Then I do share my choice because they all turn in an Election Journal where they've gathered facts for weeks, with a conclusion statement about who they would have voted for and why. So it's only fair.

The students and parents enjoy the project because they all become better informed voters.

I strongly feel financial responsibility starts at home. My students get animated lessons in credit card use/use of checks/debt too.

 

[Jill]

Karla, I'm happy you like the chart and will put it to good use! We need more of your unbiased approach in the classroom because I think there's a lot of left-liberal-progressive indoctrination that happens in schools these days. Makes me feel good to read how you handle this with your students

 

[ohmt]

I have never had a teacher push their political ideas on me or other students nor have any of my 5 younger siblings. I am pretty sure if any did there would be parents banging down doors to get them out.

 

[Ashley]

James, I think many Liberals are concerned about offending everyone, except conservatives of course...lol.

I am a liberal and nobody would say that my mouth is afraid of offending anybody.

James, I think you have good points. However this topic is just another reason they were once closed and I feel you will be fighting on your own as most do not even post on them anymore because they always turn into bashing of one side or the other.

 

[weebiscuit]

The solution on the other hand isn't quite rational. Replacing the guy in charge has made no difference. The same problem keeps happening no matter who is in charge sense 1917. We all need to take personal responsibility for insisting on adding the pool and getting the job for our friend, those are the actions that caused the problem, and we can't blame the person in charge for giving us what we asked for. The idea that replacing the person in charge is going to make everyone happy to give up their unnecessary Jobs and sell their pool table that they payed for with their home owners fee's isn't realistic. This shifting the blame to the person in charge is everyone's way of not feeling guilty for there own poor decisions.

I really feel that you are WAY off base in this assumption. Sorry, but it was NOT the Common Joe who got us into this problem. It was our government, which has been totally fiscally irresponsible for decades. And it's much worse now than ever.

We have multiple government agencies all being paid to do the same thing. We have massive welfare, disability, and medical fraud. Our government seems incapable of finding the source of it and stopping it.

We have been engaged in overseas wars which are draining our coffers. We have military bases all over the world where we no longer need them.

We have a Congress that votes themselves pay raises while other americans are losing their jobs. Our government officials are all on the best insurance plan in the nation. They receive daily expense accounts which are more than a lot of people earn while working a full time job. They can retire after ten years or so and receive government-paid health insurance AND a retirement income for the rest of their lives.

They have let unions control our nation's economy to the point that all our manufacturing has gone overseas, because companies can no longer afford to pay ridiculously high wages, health insurance, and still fill out all the government paperwork necessary to operate here.

We give billions in aid to nations which are hostile towards us and harbor terrorists.

Our government has become a parasite on the ***** of the American people, and the current administration seems utterly clueless as to how to rectify it.

To blame the average american for this mess shows a complete lack of understanding as to how our current financial situation has gotten so out of hand. 

This video is a wonderful example of the sneaky way politics are played. I don't think that it is a coincidence that we have a very non threatening cartoon video, that is very well thought out and informative that explains a lot of information, relatively in-depth. But then in the last few moments throws in, vote out the president and magically the sun will start shining and all of our problems will disappear. I am thinking Tom made this video, and don't see it as a good sign that he will be any different than Steve if he is already spending his time and money makeing manipulative videos to trick voters into getting him in a position of power. LOL

I didn't vote for Obama because I thought he had a complete lack of experience. I also firmly believe that he didn't even have the slightest intentions of running for president, but the liberal party "found" him and felt they'd promote him, and he accepted. I'm sure they thought, "Hey... look at this Obama guy! Great looking, so he'll appeal to the women. Half white so he'll appeal to an even bigger cross-section of voters, and half black so we'll get the black vote. Smart, too, and a good public speaker. Let's get him to run, and he'll be a shoo-in."

Personally, I was NOT unhappy that we'd elected our first president of color, and he talked a good talk, so I went into his presidency with a bit of hope. Unfortunately, at this point I feel that Jimmy Carter is completely thrilled with Obama, because now there's another president who's worse than he was.

Obama is more concerned with being a "celebrity" than with tackling the problems facing our nation. Any idiot can figure out that you don't raise taxes in order to decrease the national debt. I don't care if we're talking millionaires or billionaires. You don't raise taxes to pay the debt. YOU CUT SPENDING! Raise taxes, and you'll keep raising them. It's time for this administration to get it's collective head out of it's collective butt and get serious about cutting spending, instead of providing free abortions to unwed mothers who think of them as a form of birth control. It's time to stop spending money on all these welfare cases and make them get off their butts and EARN that welfare check.

Out of work? Want the government to support you? Well, how about actually expecting them to work to receive that welfare check. They can pick trash up off of roadsides. They can mow lawn at our national parks, or hand out maps there. They can do any number of things instead of simply receiving a free hand out, which seems to be what this government is all about.

 

[Jill]

Sandy

:yeah

 

[andi]

My quotes above are referring only to the video that was the topic of the OP. They have nothing to do with my opinion of the current admin. I have always avoided "debating" politics and will continue to do so. I can understand and appreciate that we are all going to see different ways to the same solution. We all just need to respect eachother enough to admit that we are all working for the same thing. We all want a balanced government that we can all reap the benefits of. I have become more vocal to try and get people to see the difference between logical debates and sharing of ideas, and simply attacking the other side and assuming the very worst out of everything they do.

 

[Jill]

James, to truly think that we are all working toward the same thing is so extremely naive. Optimistic maybe, but drastically uninformed as to reality.

 

[andi]

I believe the general goal is to develop a country that is stable and in relation to others, balanced economically, while not taking away from peoples personal liberties. It is not an easy task and everyone will have a different idea were to draw that line.

 

[Jill]

James, look into the invasive Progressive political agenda for some insight.

 

[Carriage]

I don't care if we're talking millionaires or billionaires. You don't raise taxes to pay the debt. YOU CUT SPENDING! Raise taxes, and you'll keep raising them. I

Well said all the way around Miss Sandy, however I will take issue with a misplaced term. Both sides are not calling it taxes any more because of the overwhelming knee jerk reaction by a majority of the American people. It is now call "revenue". Please make a note of it....

I stopped calling it "taxes" a long time ago in favor of what should be it's proper name, THEFT. When you take, by threat of force, something that doesn't belong to you and that you have not earned, this is called THEFT.

It is so absolutely important that we use the right words and names for things. Even Fox "news" tells you right up front that they are not a "news" organization with their slogan "Fair and balanced". Tell ya what skippy, hows about you give me ALL the news and I will take care of fair and balanced. Unless there was an ulterior motive, "news" organizations would do just that. That they don't is clear indication that they are propaganda outlets and tools for purposes other than the "news".

Now as to the original thread, ol Farce Larceny was explaining the debt yesterday. He said in para, that the non foreign debt was "really just borrowing from ourselves". REALLY! Well then it should be ok to repudiate that portion of the debt and just have a do-over. UNLESS...... it really is a "debt" owed to a private corporation who has been financially raping us for many years. I just smiled because he is such an obvious baiter for the purpose of what he considers "good radio". He knows better because MANY folk have been telling him the truth for years! He also stated that we need to sell off "federal lands and forests". Having been told repeatedly that these lands have been stolen from the states unConstitutionally and must first be returned to them prior to sale to a private party he continues to ignore the Constitution and throw it under the bus any chance he gets. When asked if he makes a habit of selling stuff that doesn't belong to him, he answers not. There is NO enumeration that allows the fed gov to own a forest. If there is no mechanism to allow same then the lands have been stolen from their rightful owner, the States and the sovereign citizens of that State. If this is where your "schooling" is coming from, and for the most part it is, then it becomes easy to see how we got here and where it is going to end and why you would reject truth when presented.

And STILL without jobs "free trade" is pursued. Further the ones what caused it are complaining of unemployment (a private insurance contract) and that the guy with a PHD should be taking a job flipping burgers. Really? Nobody see's the irony of this position?

The fed puts us in hock for TRILLIONS of dollars for foreign banks and insurance conglomerates, yet the farce of a charade called the debt ceiling "crisis" and Obama's mafioso tactic of scaring granny by saying "I don't know if I will be able to mail your SS check in August seems to go by un-noticed by most.

As I have stated before if any of these tools and change agents gave you the truth, their careers would be finished very shortly.

I guess unity is too tall an order and too hard for most folk. It is much easier, and more fun, to follow the script of bashing the other guy. So far almost everyone is playing their part perfectly including remaining willfully ignorant of the monster that is sinking its fangs into them right now.

I have wondered how many folk in history tried to warn their fellow countrymen of the calamity coming to destroy their nation, only to be ignored or worse. They too were in the position of seeing the problem coming and having to just watch because their fellow country men either could not or would not see it as well and move to fix it. Betcha its always been a sucky position to be in.

I need to go focus on work as it does give me joy,

Bb

 

[tagalong]

\The fed puts us in hock for TRILLIONS of dollars for foreign banks and insurance conglomerates, yet the farce of a charade called the debt ceiling "crisis" and Obama's mafioso tactic of scaring granny by saying "I don't know if I will be able to mail your SS check in August seems to go by un-noticed by most.

Oh pleeeease. All politicians do that at some point - look at all the "mafioso" tactics during the healthcare ruckus or even the 2008 campaign. Saying that SS checks might be delayed was mild compared to "grannies" being told that they would have no SS, that they woud be judged by *threatening drumroll* new Death Panels, that if Obama was elected or healthcare was passed, their lives would be changed forever and the country would immediately turn into some kind of frightening socialist state. Those "socialist" threats were played up to the hilt (many not even knowing exactly what it meant) - and many were worried that we would turn into a Stalin era Russia. And if THAT did not work, then the inevitable comparisons to Hitler and the Nazis were/are made.

But this kind of stuff (below) does not even come close to that - the debt ceiling "crisis" ...

The full consequences of a default — or even the serious prospect of default — by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.

Oh wait... Reagan said that in 1983. Nothing ever really changes. The debt ceiling was raised 18 times during his administration. 7 times during Bush's (W) terms. The only President that never raised the debt ceiling was Truman.

Obama has already raised it 3 times - on Feb. 17, 2009, Dec. 28, 2009 and Feb. 12, 2010. And yet some are outraged about this as if it has never happened before - that is a headscratcher.

I believe the general goal is to develop a country that is stable and in relation to others, balanced economically, while not taking away from peoples personal liberties. It is not an easy task and everyone will have a different idea were to draw that line.

IMO you are exactly right, James. It is just the way to achieve that GENERAL goal that becomes the issue...

Meh, I should know better than to post in these threads.

 

[miniwhinny]

Meh, I should know better than to post in these threads.

Tag - how dare you chime in - you're not even American how could you possibly have anything to contribute

Go back to your room and stay there

:rofl

 

[Jill]

Tag - how dare you chime in - you're not even American how could you possibly have anything to contribute

Go back to your room and stay there

:rofl

Stir it, why don't you, miniwhinny.

 

[miniwhinny]

Stir it, why don't you, miniwhinny.

Oh, I'm sad you interpreted my actions that way

I was just trying to help you enforce your board rules Jill. Knowing how much it upsets you when a non citizen tries to talk politics I was trying to be helpful and save you some stress by stopping it before it went any further...and obviously my stepping in on your behalf worked.

 

[Jill]

Oh, I'm sad you interpreted my actions that way

I was just trying to help you enforce your board rules Jill. Knowing how much it upsets you when a non citizen tries to talk politics I was trying to be helpful and save you some stress by stopping it before it went any further...and obviously my stepping in on your behalf worked.

Miniwhinny, you're a shoe in if there's ever a resident, anonymous / never named troll contest on LB. You're always much more likely to try to fan flames, be nasty and stir up anger than to contribute something of worth or on message. Nothing was going wrong with the discussion and you were not trying to keep it from going in a negative direction. You were very transparently aiming to be spiteful, once again, Ms. Kitty. Maybe tomorrow will be a better and more uplifting day for you