Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

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  • DwightShrute
    SBR Aristocracy
    • 01-17-09
    • 103755

    #1
    Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’
    No OOL last few days, so in his honor.

    Can you believe how stupid these people are?

    ‘We Have to Go Spend Money to Keep From Going Bankrupt’ ???????????? is like saying"we need to eat more fast food in order to beat the obesity problem in America".

    You lefties all complain about Palin and her possibly being VP last year, well you got your wish with this goof VP.




    Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’
    Thursday, July 16, 2009
    By Penny Starr, Senior Staff Writer

    Vice President Joe Biden (Photo by Penny Starr/CNSNews.com)
    (CNSNews.com) – Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

    “And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.”

    “We’re going to go bankrupt as a nation,” Biden said.

    “Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.” (Listen to Audio)

    The event, sponsored by the AARP – which supports the Obama administration’s plan – was attended by mostly AARP members who were bussed in for the meeting.

    Biden took time from answering questions to chat with a member of the audience, who were mostly members of the AARP. (Photo by Penny Starr/CNSNews.com.)
    Biden told the group that the Obama health plan will not eliminate people’s ability to choose their health care insurance and that people who cannot afford insurance will be covered by the plan.

    They’ll be a deal in there so there’s competition, so what you’ll have in there is you’ll have the ability to go in there and say, ‘Now look, this is the policy I want. This is the one,” Biden said.

    “And those people who can’t afford to get in there, up to a certain income, we’re going to subsidize them, you get in there and we’ll help you pay for it,” Biden said.

    After opening remarks by Biden and AARP CEO A. Barry Rand, the audience asked questions, which were fielded by Biden, Health and Human Services Secretary Kathleen Sebelius and Nancy Ann DeParle, director of the White House Office of Health Reform.
  • TheIntegrityKid
    SBR MVP
    • 06-08-09
    • 3063

    #2
    I KNEW you were OOL's ghost!


    Comment
    • DwightShrute
      SBR Aristocracy
      • 01-17-09
      • 103755

      #3

      but in all seriousness, can u believe the comment?

      Biden would get his ass kicked on "Are you smarter than a 5th grader?"

      these people need to be stopped.
      Comment
      • FreeFall
        SBR MVP
        • 02-20-08
        • 3365

        #4
        hes actually correct, it just doesnt work well when the government keeps adding money to the system saturating all your spending.

        I miss the days when money was backed by gold and not politics.
        Comment
        • pavyracer
          SBR Aristocracy
          • 04-12-07
          • 82907

          #5
          This beat the hell out of the Dick Cheney slogan. "We need to kill 4,000 american soldiers to not go bankrupt". (Halliburton)
          Comment
          • TheIntegrityKid
            SBR MVP
            • 06-08-09
            • 3063

            #6
            Originally posted by DwightShrute

            but in all seriousness, can u believe the comment?

            Biden would get his ass kicked on "Are you smarter than a 5th grader?"

            these people need to be stopped.

            That is a comment he prob shouldn't have said out loud but he is probably correct in his assessment. We just may have to spend, spend, spend our way out of it. I'm no economist but I'm sure they are gambling that this spending will lead to greater wealth shortly. They are trying to force it to happen I think...


            Comment
            • DwightShrute
              SBR Aristocracy
              • 01-17-09
              • 103755

              #7
              Originally posted by TheIntegrityKid
              That is a comment he prob shouldn't have said out loud but he is probably correct in his assessment. We just may have to spend, spend, spend our way out of it. I'm no economist but I'm sure they are gambling that this spending will lead to greater wealth shortly. They are trying to force it to happen I think...
              wow, ya that worked in California and 40 or so other states and I am sure it will work here as well. Government has a hugely successful record when it comes to spending programs.

              This doom and gloom BS is just an excuse for them to put through this health care bill, cap and trade and all these so called stimulus spending crap, in record time which would never ever happen at any other time. People are acting like this is the only recession in the history of the world. It amazes me.
              Comment
              • Flying Dutchman
                SBR MVP
                • 05-17-09
                • 2467

                #8
                On Biden, I have to absolutely agree with Dwight. Biden is a lying (plagiarist), thieving (earmarking Pol), cockroach.

                You Americans can really pick your politicians...

                Comment
                • InTheHole
                  SBR Posting Legend
                  • 04-28-08
                  • 15243

                  #9
                  Guys an idiot
                  Comment
                  • pavyracer
                    SBR Aristocracy
                    • 04-12-07
                    • 82907

                    #10
                    Originally posted by InTheHole
                    Guys an idiot
                    Says the guy with a picture of a naked man as his avatar.
                    Comment
                    • TheIntegrityKid
                      SBR MVP
                      • 06-08-09
                      • 3063

                      #11
                      Originally posted by DwightShrute
                      wow, ya that worked in California and 40 or so other states and I am sure it will work here as well. Government has a hugely successful record when it comes to spending programs.

                      This doom and gloom BS is just an excuse for them to put through this health care bill, cap and trade and all these so called stimulus spending crap, in record time which would never ever happen at any other time. People are acting like this is the only recession in the history of the world. It amazes me.

                      I agree with the bold. Not saying I don't with the rest, but mainly with the bold.

                      We are a lil too alarmed right now and are really trying to force our way out of it. That ultimately may prove to be the wrong course of action, but for some reason, people are demanding a quick fix...


                      Comment
                      • DwightShrute
                        SBR Aristocracy
                        • 01-17-09
                        • 103755

                        #12
                        Originally posted by TheIntegrityKid
                        I agree with the bold. Not saying I don't with the rest, but mainly with the bold.
                        what does that mean?
                        Comment
                        • TheIntegrityKid
                          SBR MVP
                          • 06-08-09
                          • 3063

                          #13
                          Well I am not so sure they are just drumming everything up as an excuse to pass those big bills... Parts of them really seem to be worthwhile...


                          Comment
                          • DwightShrute
                            SBR Aristocracy
                            • 01-17-09
                            • 103755

                            #14
                            Originally posted by TheIntegrityKid
                            Well I am not so sure they are just drumming everything up as an excuse to pass those big bills... Parts of them really seem to be worthwhile...
                            Ok, so if I understand, you are saying they are BOLD for for all these spending things, heath care and car n trade? Bold referring to the government?
                            Comment
                            • TheIntegrityKid
                              SBR MVP
                              • 06-08-09
                              • 3063

                              #15
                              Originally posted by DwightShrute
                              Ok, so if I understand, you are saying they are BOLD for for all these spending things, heath care and car n trade? Bold referring to the government?

                              Fortune does favor the BOLD, you know...


                              Comment
                              • DwightShrute
                                SBR Aristocracy
                                • 01-17-09
                                • 103755

                                #16
                                so yes? or referring to the people that believe still as bold? or both?
                                Comment
                                • TheIntegrityKid
                                  SBR MVP
                                  • 06-08-09
                                  • 3063

                                  #17
                                  I don't know anymore lol... I think his vision is a lil too broad, but I appreciate bold action. FDR's New Deal didn't turn out to be so bad, so I'm hoping Obama's vision is what's necessary for the 21st Century


                                  Comment
                                  • DwightShrute
                                    SBR Aristocracy
                                    • 01-17-09
                                    • 103755

                                    #18
                                    Originally posted by TheIntegrityKid
                                    I don't know anymore lol... I think his vision is a lil too broad, but I appreciate bold action. FDR's New Deal didn't turn out to be so bad, so I'm hoping Obama's vision is what's necessary for the 21st Century
                                    k, I wasn't being sarcastic. I just didn't quite get the bold reference is all.

                                    You obviously know I strongly disagree, so I won't bother.
                                    Comment
                                    • TheIntegrityKid
                                      SBR MVP
                                      • 06-08-09
                                      • 3063

                                      #19
                                      Yeah I know... I was trying to use cute double-speak for fortune favors the bold lol


                                      Comment
                                      • mathdotcom
                                        SBR Posting Legend
                                        • 03-24-08
                                        • 11689

                                        #20
                                        Biden is a retard, but his comment is technically correct if you believe the claims Obama makes about the health care plan.

                                        The plan is based on the premise that the government can provide health care at lower cost. If this is true, then total American expenditures on health care can decline while government expenditure on health care can increase. If a unit of privately provided health care is replaced by a cheaper unit of publicly provided health care, then government expenditure increases but total expenditures decrease.

                                        On a side note, I don't doubt the government can provide cheaper health care. I believe however that quality will seriously suffer as a result (cough cough, Canada).
                                        Comment
                                        • Doc JS
                                          SBR Hall of Famer
                                          • 09-15-06
                                          • 6885

                                          #21
                                          Originally posted by mathdotcom
                                          Biden is a retard, but his comment is technically correct if you believe the claims Obama makes about the health care plan.

                                          The plan is based on the premise that the government can provide health care at lower cost. If this is true, then total American expenditures on health care can decline while government expenditure on health care can increase. If a unit of privately provided health care is replaced by a cheaper unit of publicly provided health care, then government expenditure increases but total expenditures decrease.

                                          On a side note, I don't doubt the government can provide cheaper health care. I believe however that quality will seriously suffer as a result (cough cough, Canada).
                                          What has the government ever gotten involved with that turned out less expensive???

                                          Even Nancy Pelosi and other Dems are beginning to question the wisdom of Obama's plan and whether or not the nation can afford it. http://www.msnbc.msn.com/id/31980862...new_york_times
                                          Comment
                                          • DwightShrute
                                            SBR Aristocracy
                                            • 01-17-09
                                            • 103755

                                            #22
                                            Originally posted by Doc JS
                                            What has the government ever gotten involved with that turned out less expensive???

                                            Nothing! zip! zero! fvck all!


                                            But this time it will be different
                                            Comment
                                            • pavyracer
                                              SBR Aristocracy
                                              • 04-12-07
                                              • 82907

                                              #23
                                              Originally posted by Doc JS
                                              What has the government ever gotten involved with that turned out less expensive???
                                              Postal service. UPS and Fedex are much more expensive than USPS. Try to send a package to a foreign country with UPS and Fedex and they want an arm and a leg.
                                              Comment
                                              • DwightShrute
                                                SBR Aristocracy
                                                • 01-17-09
                                                • 103755

                                                #24
                                                Originally posted by pavyracer
                                                Postal service. UPS and Fedex are much more expensive than USPS. Try to send a package to a foreign country with UPS and Fedex and they want an arm and a leg.
                                                Postal service loses millions a year
                                                Comment
                                                • Doc JS
                                                  SBR Hall of Famer
                                                  • 09-15-06
                                                  • 6885

                                                  #25
                                                  Originally posted by pavyracer
                                                  Postal service. UPS and Fedex are much more expensive than USPS. Try to send a package to a foreign country with UPS and Fedex and they want an arm and a leg.
                                                  Pavy,
                                                  Not sure you want to hang your hat on the US Postal Service...Losing millions a year...closing over 3000 locations this year...always raising rates and still losing millions...
                                                  Comment
                                                  • pavyracer
                                                    SBR Aristocracy
                                                    • 04-12-07
                                                    • 82907

                                                    #26
                                                    Originally posted by DwightShrute
                                                    Postal service loses millions a year
                                                    I don't care. The question posted was what did the government do that cost less to the consumer. As a comsumer I prefer the cheaper service.
                                                    Comment
                                                    • pavyracer
                                                      SBR Aristocracy
                                                      • 04-12-07
                                                      • 82907

                                                      #27
                                                      Originally posted by Doc JS
                                                      Pavy,
                                                      Not sure you want to hang your hat on the US Postal Service...Losing millions a year...closing over 3000 locations this year...always raising rates and still losing millions...
                                                      I ship packages overseas frequently. A 10 lb package costs $60 to ship with USPS but $300 with Fedex. Like I said I'm not against capitalism but some form of socialism is warranted because capitalism if left to prosper unregulated tends to greed with catastrophic consequences.
                                                      Comment
                                                      • DwightShrute
                                                        SBR Aristocracy
                                                        • 01-17-09
                                                        • 103755

                                                        #28
                                                        Originally posted by pavyracer
                                                        I don't care. The question posted was what did the government do that cost less to the consumer. As a comsumer I prefer the cheaper service.
                                                        True enough but we were talking about the real world.
                                                        Comment
                                                        • TheIntegrityKid
                                                          SBR MVP
                                                          • 06-08-09
                                                          • 3063

                                                          #29
                                                          Originally posted by pavyracer
                                                          I ship packages overseas frequently. A 10 lb package costs $60 to ship with USPS but $300 with Fedex. Like I said I'm not against capitalism but some form of socialism is warranted because capitalism if left to prosper unregulated tends to greed with catastrophic consequences.



                                                          Comment
                                                          • Flying Dutchman
                                                            SBR MVP
                                                            • 05-17-09
                                                            • 2467

                                                            #30
                                                            Unregulated capitalism results in monopoly

                                                            Econ 101. You guys need to take this course.

                                                            Comment
                                                            • DwightShrute
                                                              SBR Aristocracy
                                                              • 01-17-09
                                                              • 103755

                                                              #31
                                                              Originally posted by pavyracer
                                                              I ship packages overseas frequently. A 10 lb package costs $60 to ship with USPS but $300 with Fedex. Like I said I'm not against capitalism but some form of socialism is warranted because capitalism if left to prosper unregulated tends to greed with catastrophic consequences.
                                                              Pavy that sucks for sure. I am no expert but I am sure there are some rules set out by the government that allows companies like Fedex to compete with the postal service with the condition they must charge X amount over the cost of USPS, thus making it seem way over priced.

                                                              Perhaps if the goverment just allow free enterprise to take over rather that dictating rules and conditions (sounds familiar?) on how business should be run.
                                                              Comment
                                                              • DwightShrute
                                                                SBR Aristocracy
                                                                • 01-17-09
                                                                • 103755

                                                                #32
                                                                It would be like me and you both selling green apples. But I work for the government and you must charge $2.50 per apple while I can charge .25 cents if you want to sell the apples. also, it costs me 50 cents to sell the apples but I am selling then for a quarter. That's exactly what Fedex is up against. You decide what should be done.

                                                                If the government allowed fair competition, I am sure each package very inexpensive.
                                                                Comment
                                                                • mathdotcom
                                                                  SBR Posting Legend
                                                                  • 03-24-08
                                                                  • 11689

                                                                  #33
                                                                  Originally posted by pavyracer
                                                                  I ship packages overseas frequently. A 10 lb package costs $60 to ship with USPS but $300 with Fedex. Like I said I'm not against capitalism but some form of socialism is warranted because capitalism if left to prosper unregulated tends to greed with catastrophic consequences.
                                                                  You probably realize this, but just to point it out, your behaviour is a perfect example of this greed. You ship a lot, so you enjoy paying let's say $10/package when the true cost is $20/package. In the end this $10 per package loss is made up from the general taxpayer, but you personally pay almost none of this difference. So quite rationally you enjoy the govt postal service.

                                                                  But surely you realize this is bad for society: it induces excessive package sending. Suppose I'm only willing to pay $15 to send a package. Then society is paying $20 to send a package that's only worth $15 to me.

                                                                  pavy, government interference usually just makes things worse. Look at the government-created incentives for banks to lend to people who cannot actually afford mortgages. Without that interference, fewer banks would have lent to deadbeats since they would have to cover the potential cost of default themselves.
                                                                  Comment
                                                                  • mathdotcom
                                                                    SBR Posting Legend
                                                                    • 03-24-08
                                                                    • 11689

                                                                    #34
                                                                    Originally posted by pavyracer
                                                                    I don't care. The question posted was what did the government do that cost less to the consumer. As a comsumer I prefer the cheaper service.
                                                                    Actually the question was 'What has the government ever gotten involved with that turned out less expensive??? '

                                                                    So I guess you are all for the government providing tons of shit for free and then raising taxes to 99% to pay for it all? Typical lefty reasoning
                                                                    Comment
                                                                    • mathdotcom
                                                                      SBR Posting Legend
                                                                      • 03-24-08
                                                                      • 11689

                                                                      #35
                                                                      Originally posted by Flying Dutchman
                                                                      Unregulated capitalism results in monopoly

                                                                      Econ 101. You guys need to take this course.
                                                                      lol you obviously missed the chapter on perfect competition. I love the guys that cite Econ 101 and obviously haven't taken it.

                                                                      The market for juice is unregulated and is there a juice monopoly? What about the market for chocolate bars?
                                                                      Comment
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