U.S. debt deal reached...

[ACoochy]

Last time I checked we live in a country run under the laws of the United States Constitution and not under the laws of Capitalism.

maybe time 4 the people to take back the power....

[NYSportsGuy210]

maybe time 4 the people to take back the power....

I wish....if there was only a way to do so. And in all honesty I think Obama is for the people and the country, however the right side is still only for the rich and that's about it.

Science, technology, environment and infrastructure are all bad words to these clowns.

[TexansFan]

Why do people say Dems and Republicans are the same? This is just a cop out line for people who don't understand or care about politics in general.

History has shown that under Democratic leadership the country as a whole always gets puts first and benefits while under Republicans only the wealthy few get their demands met just because they have the money to do so. The concepts of Patriotism and nationalism go out the window when these right-wingers hold any sort of power in the government. To them it comes down to greed and individualism even at the expense of the country and nature as a whole. History proves this.

Last time I checked we live in a country run under the laws of the United States Constitution and not under the laws of Capitalism.

The politicians love suckers like you...

[TexansFan]

I wish....if there was only a way to do so. And in all honesty I think Obama is for the people and the country, however the right side is still only for the rich and that's about it.

Science, technology, environment and infrastructure are all bad words to these clowns.

Good Lord, after that Obama comment I know understand, you're mentally retarded. Obama is the most incompetent, crooked president ever and is hell bent on destroying this country.

Let me guess, you're under 30?

[Emily_Haines]

Cut $1 trillion in spending over the next 10 years!?!?!?! What a joke!!! we spend over $2 trillion!!! We are still going to go deeper in debt over the next 10 years every single year! I hate the people in congress and in our white house soo much I wish I could burn it down and start all over or show our founding fathers what has become of this country.

I wish that plane the 911 terrorists took over that crashed in Pennsylvania actually got to Washington and flattened the white house, killing everyone in agonizing slow miserable deaths and the rest of the planes that killed all the innocent crashed instead.

[ACoochy]

10 years ago who actually took Osama Bin Ladens threats to bankrupt America seriously?? That sob may just get his wish...

[NYSportsGuy210]

Good Lord, after that Obama comment I know understand, you're mentally retarded. Obama is the most incompetent, crooked president ever and is hell bent on destroying this country.

Let me guess, you're under 30?

The fact that you're from Texas makes you OFFICIALLY RETARDED actually.....nice try though hick.

[itchypickle]

darn, i was looking forward to being under control of China

If nothing changes from our 'leaders'......give it time buddy

[itchypickle]

No taxes

It's still a free country my friend - .48 gets you a stamp, just mail a donation to the following to solve that

Department of the Treasury
Internal Revenue Service
Fresno, CA


They will send you a nice thank you note I hear....something to the effect of:

ENJOYED THIS WELCOME SURPRISE. WHAT DO YOU SAY WE MAKE THIS A PATTERN, SAME TIME NEXT YEAR??

[marcojuiceman]

Ron Paul said this back in Feb 2010 Not a fan of him But he is speaking the Truth The collapse of the US dollar

[aceking]

you max out your Cred1t Card , but the bank raise your limit = celebration time ?

don't you have to pay the debt ?

Moody's and Fitch will cut the AAA rating for sure .

[Cap dat 4ss]

The same games going on have been going on in the WH atleast the past two decades. In that sense, Obama is no different than Bush 1/2, clinton, reagan or carter. Some of you guys act like Mccain would have done better or the next pres. will fix things are in for a bit of a surprise. Same shit different face.

[cash$bro91]

A deal was reached by the spineless and gutless politicians that only cuts $1 trillion?

[rggolds8]

I felt confident they would come to an agreement and knew it would come down to the wire. Truth be known they probably had one for weeks. They love scaring the public into their way of thinking.

[Andy117]

That might work if the US actually MADE stuff now. So the rest of the world buys stuff they go where WE go...to the cheapest place they can find.

That's actually one of our biggest problems. We just don't make anything anymore.

[senseionline]

damn more credit line but whom r u kidding we can just print more paper money and create burden on the world

[Thunder Gulch]

All this time to put together a deal that still leaves us with a huge deficit, and these guys get to talk about how they saved us....good grief.

[rickbo528]

Anyone who thinks there will actually spending cuts, put down your crackpipe and get out a calculator. Do you know what baseline budgeting is??? If you don't there is no hope of you understanding this mess. These so called cuts (that will never happen anyway) pale in comparison to the built in yearly increases in the bloated Federal Budget. The only possible hope of anything good happening in the debt situation would be the freezing of spending at the current levels. But nobody has the guts to do that so this runaway train WILL CRASH and there is nobody that can stop it. It's just a matter of EXACTLY WHEN it will happen.

[steve18]

Article on why the US debt ceiling talks shouldn't have come to this:

http://www.cyinterview.com/2011/08/%E2%80%9Cwhat-fresh-hell-is-this%E2%80%9D-%E2%80%93-debt-ceiling-antics-buy-now-squabble-later

[jjgold]

Means nothing
Market tumbling

[aceking]

voting in few hours , might not pass .

and AAA rating will be cut this month .

[Iced]

$2.4 trillion in imaginary cuts over ten years, what a joke. It's an extremely small decrease in future massive increases in government spending.

[DwightShrute]

the USA will remain in this recession until Obama is removed from office. 538 days or less till Obama is out of office. This whole fiasco just shows how inept this man is. He is no leader.

[King Mayan]

the USA will remain in this recession until Obama is removed from office. 538 days or less till Obama is out of office. This whole fiasco just shows how inept this man is. He is no leader.

Did hannity tell you this?

[DwightShrute]

Did hannity tell you this?

common sense and the ability to think for myself did.

[King Mayan]

common sense and the ability to think for myself did.

Common sense will tell you, that we should be in a deep depression right now.

[DwightShrute]

Common sense will tell you, that we should be in a deep depression right now.

Don't believe all the scare tactics by the president and the left wing media. For every expert that says what you claim, there is another to dispute that. 800 Billion Stimulus for what? Name some good it did? You can't.

I wonder if the media still gets a tingle running up the side of their legs when they hear Obama speak? Sure seems like certain SBR posters do.

[King Mayan]

Left wing scare tactics??

Yeah, so all those people hurting because of bush, are lying... Fukking obama..

[Pokerjoe]

darn, i was looking forward to being under control of China

I shouldn't respond to a statement this dumb but ...

First of all, the Chinese only hold about 7% of the debt. We hold almost all of it ourselves.

Secondly, if we'd defaulted, they would have been the ones in trouble.

Third, we can end the debt anytime we want. All it takes is a stroke of the president's pen and poof, the debt is legally gone. It's called printing money.

The Chinese live in fear of our decisions, not the other way around. If we don't pay them, their economy collapses. In fact, if we don't keep giving buying what they produce with Treasuries, their economy collapses. And if their economy collapses, their government goes down.

It's amazing how few people are educated enough to know the difference between a normal debt and the debt the US has: a debt denominated in its own currency, a currency it is free to print at will.

[DwightShrute]

Left wing scare tactics??

Yeah, so all those people hurting because of bush, are lying... Fukking obama..

I suspect that even you don't believe what you just wrote. I am quite sure you know the Dems controlled both the House and Senate from 2006-2010 so by blaming Bush is simply irresponsible some would say.

[jw]

If we don't pay them, their economy collapses.

Hardly .. a Trillion dollar write off is hardly going to collapse the most robust economy in the world right now. They don't only hold debt in America ... ;0)

In fact, if we don't keep giving buying what they produce with Treasuries, their economy collapses.

This is closer to the mark.

[lettyB]

The Democratic-led Senate is expected to pass the debt ceiling deal. But tougher opposition may come from the House. Liberals opposed it out of fear that social programs would be cut. Conservatives waned even more cuts in the debt deal reached.

[lettyB]

Lawmakers from both sides figured out a package late Sunday night to increase the debt ceiling and avoid a first-time default on countrywide debts. The fight was lengthy and hard fought, and much remains yet to be sorted out after everything has calmed down. Neither party is supposedly satisfied with the bargain. Debt ceiling deal hammered out at 11th hour as Liberals opposed it out of fear that social programs would be cut. Conservatives waned even more cuts in the debt deal reached. While the chance of a default looks far less likely, the future of the nation’s impeccable credit rating is not nearly as certain. Ratings service Standard & Poor’s has threatened to downgrade the rating, and may do so even if a default is averted.

[ACoochy]

letty who is the broad in ur avatar?? Nice

[andywend]

Originally Posted by King Mayan No taxes

It's still a free country my friend - .48 gets you a stamp, just mail a donation to the following to solve that

Department of the Treasury
Internal Revenue Service
Fresno, CA

They will send you a nice thank you note I hear..

People like King Mayan only want taxes raised when its others paying the tax. If the federal government ever levied a tax increase on him, he would fight like hell in opposition.

Originally Posted by NYSportsGuy210
Why do people say Dems and Republicans are the same? This is just a cop out line for people who don't understand or care about politics in general.

History has shown that under Democratic leadership the country as a whole always gets puts first and benefits while under Republicans only the wealthy few get their demands met just because they have the money to do so. The concepts of Patriotism and nationalism go out the window when these right-wingers hold any sort of power in the government. To them it comes down to greed and individualism even at the expense of the country and nature as a whole. History proves this.

Last time I checked we live in a country run under the laws of the United States Constitution and not under the laws of Capitalism.

I would fully support living under the laws of the original U.S. constitution as our founding forefathers were wise enough to exclude people like NYSportsGuy from participating in the voting process.

Liberal democrats like him are always whining and complaining that the country is not doing enough for them while at the same time they produce absolutely nothing and have their hands out 24 hours a day, 7 days a week asking for handouts.

Congrats to the republicans and tea party for getting everything they wanted with this debt ceiling fiasco compromise:

$2.8 TRILLION in spending cuts and no tax increases. It would have been better to get $4 TRILLION in cuts but this is a good start.

Thank you Barack Obama for selling out your entire support base and giving the "right" everything they wanted in return for helping your chances of re-election. "Hope and change you can believe in", right Liberals, LOL?