[ARCHIVED THREAD] - My Debt Ceiling Prediction (Page 1 of 2)
Posted: 7/22/2011 2:39:40 PM EDT
| I bet that no deal will be reached by August 2nd. Either on August 2nd or 3rd, the stock market will plummet, with the DOW dropping at least 1K and the S&P 500 going down at least 100 points. Much like the bank bailout, Republicans will then collectively lose their backbone due to the financial bloodbath. They will then quickly cave to all of Obama's demands. A debt ceiling increase with shitloads of new taxes will be signed into law by August 10. |
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They won't wait until then to cave. CBS news is reporting right now, that seniors won't get social security checks if the debt ceiling isn't raised. The dems will use the media to lie for them, and make the GOP the bad guys. Posted Via AR15.Com Mobile Its going to happen sometime......they're running out of alley to kick the can down. |
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All of this stuff is smoke and mirrors. A circus for the diminishing numbers of voters that still believe that Democrats want more social programs and Republicans want small government and "their" party cares about them.
What is really going to happen was decided months (if not years ago) ago behind closed doors, with no input from either the people or their elected representatives. That's how all important decisions get made in 21st century America. Here is what is going to happen: 1) The banks will benefit 2) The government will gain even more power, especially in the Executive branch. 3) The American people will not benefit. |
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They won't wait until then to cave. CBS news is reporting right now, that seniors won't get social security checks if the debt ceiling isn't raised. The dems will use the media to lie for them, and make the GOP the bad guys. Posted Via AR15.Com Mobile Its going to happen sometime......they're running out of alley to kick the can down. The curtain is being lifted, and they don't like it. |
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Quoted:
All of this stuff is smoke and mirrors. A circus for the diminishing numbers of voters that still believe that Democrats want more social programs and Republicans want small government and "their" party cares about them. What is really going to happen was decided months (if not years ago) ago behind closed doors, with no input from either the people or their elected representatives. That's how all important decisions get made in 21st century America. Here is what is going to happen: 1) The banks will benefit 2) The government will gain even more power, especially in the Executive branch. 3) The American people will not benefit. +eleventy billion |
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Republicans should sacrifice their political careers to push the reset button. Make .gov spend only what it takes in and see what happens. You are assuming that Republicans want small government and a balanced budget. Given the fact that they raised the debt ceiling 4 times when "their guy" was in the White House, I would suggest that you reconsider your assumptions. |
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They won't wait until then to cave. CBS news is reporting right now, that seniors won't get social security checks if the debt ceiling isn't raised. The dems will use the media to lie for them, and make the GOP the bad guys. Posted Via AR15.Com Mobile The powers that be have been cutting social security for several years now. Of course, they don't call it "cuts". They simply devalue the currency and increase their social security checks by less than the amount they devalue the currency. For example, for each of the last two years, seniors have gotten no increase at all. Has the price of gasoline, rent, food, clothing, and medicine remained flat? Most of those items have increased in price by double digits. They are scaring seniors into thinking the checks might stop so that they will be grateful just to get a check and won't complain about the fact that they can't buy anything with it. It's just like when a large company spreads rumors of layoffs, then proceeds to screw the employers on their annual raises or bonuses. Also this rhetoric is designed to reflect America's descent into the third world (by design). Just this week: the end of manned space flight, rolling blackouts, now "checks might not go out". This is the kind of stuff that happens in third world countries. |
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Republicans should sacrifice their political careers to push the reset button. Make .gov spend only what it takes in and see what happens. I have been saying this for some time. Democrats to give them credit where credit is due are willing to do this even if it costs them in the next elections. They know eventually the american people will put them back in. This is what the Republicans need to do. Play hardball and see what happens. |
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Republicans should sacrifice their political careers to push the reset button. Make .gov spend only what it takes in and see what happens. You are assuming that Republicans want small government and a balanced budget. Given the fact that they raised the debt ceiling 4 times when "their guy" was in the White House, I would suggest that you reconsider your assumptions. X2 - Thats why I'm not a Republican. They don't represent the conservatives. |
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Quoted:
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All of this stuff is smoke and mirrors. A circus for the diminishing numbers of voters that still believe that Democrats want more social programs and Republicans want small government and "their" party cares about them. What is really going to happen was decided months (if not years ago) ago behind closed doors, with no input from either the people or their elected representatives. That's how all important decisions get made in 21st century America. Here is what is going to happen: 1) The banks will benefit 2) The government will gain even more power, especially in the Executive branch. 3) The American people will not benefit. +eleventy billion I could not have said it better myself. Thank you for your very succinct prediction. |
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Quoted:
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All of this stuff is smoke and mirrors. A circus for the diminishing numbers of voters that still believe that Democrats want more social programs and Republicans want small government and "their" party cares about them. What is really going to happen was decided months (if not years ago) ago behind closed doors, with no input from either the people or their elected representatives. That's how all important decisions get made in 21st century America. Here is what is going to happen: 1) The banks will benefit 2) The government will gain even more power, especially in the Executive branch. 3) The American people will not benefit. +eleventy billion You guys buy foil in bulk? |
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Quoted: Quoted: Republicans should sacrifice their political careers to push the reset button. Make .gov spend only what it takes in and see what happens. You are assuming that Republicans want small government and a balanced budget. Given the fact that they raised the debt ceiling 4 times when "their guy" was in the White House, I would suggest that you reconsider your assumptions. A-freakin-men. Put not your faith in princes. . . . Republicans are just a different type type of whore. |
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Boehner committed political suicide today by walking out. Remember kids, world of perception.
Know what the electorate DOESN'T want to hear right now? That Wall St is waiting for entitlement cuts to spark a rally. Remember, world of perception and in this world of perception where multitudes have lost everything, they are fucking pissed. Republicans are going to get their asses handed to them in 2012. Flame on |
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Boehner committed political suicide today by walking out. Remember kids, world of perception. Know what the electorate DOESN'T want to hear right now? That Wall St is waiting for entitlement cuts to spark a rally. Remember, world of perception and in this world of perception where multitudes have lost everything, they are fucking pissed. Republicans are going to get their asses handed to them in 2012. Flame on Not sure where your second and thrid statements are going but I respectfully disagree. Haven't thought it through yet, but gut sez so. |
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Boehner committed political suicide today by walking out. Remember kids, world of perception. Know what the electorate DOESN'T want to hear right now? That Wall St is waiting for entitlement cuts to spark a rally. Remember, world of perception and in this world of perception where multitudes have lost everything, they are fucking pissed. Republicans are going to get their asses handed to them in 2012. Flame on Not sure where your second and thrid statements are going but I respectfully disagree. Haven't thought it through yet, but gut sez so. We'll see in about 16 months. |
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Boehner committed political suicide today by walking out. Remember kids, world of perception. Know what the electorate DOESN'T want to hear right now? That Wall St is waiting for entitlement cuts to spark a rally. Remember, world of perception and in this world of perception where multitudes have lost everything, they are fucking pissed. Republicans are going to get their asses handed to them in 2012. Flame on REALLY...... I don't think so, Obummer and the dems OWN this economy AND the debt problems, they did not pass a budget when they owned all 3 branchs of the government. Doubled the debt in 2 years, .... REALLY Even the old folks that need medicare and Social Security mostly understand that if the country is paying 40% of its tax revenue in interest on the debt that sooneer rather than later the checks are going to stop anyway. REALLY More hard working Americans are questionong if it is prudent to keep producing and feeding the out of control beast that is government, if they are just going to spend more and tax more what is the point to keep trying.....  .
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You guys buy foil in bulk? I've seen this "brinksmanship" play out several times in my life, and each time the outcome is the same. It is exactly what I predicted in my first post. If every time you drew from a deck of cards, you pulled the 3 of spades, you might think it is a coincidence. Others of us don't believe it is "just a coincidence". Backroom deals happen all of the time. On any day here on arfcom, there are a dozen threads about someone getting screwed over at a job or in a relationship. Bosses, co-workers, spouses, and girlfriends, conspiring against them. For what? A few pennies. Irrelevant in the big picture. Yet, you don't believe that people engage in the same behavior when billions and trillions of dollars and untold amounts of power are at stake. |
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Boehner committed political suicide today by walking out. Remember kids, world of perception. Know what the electorate DOESN'T want to hear right now? That Wall St is waiting for entitlement cuts to spark a rally. Remember, world of perception and in this world of perception where multitudes have lost everything, they are fucking pissed. Republicans are going to get their asses handed to them in 2012. Flame on REALLY...... I don't think so, Obummer and the dems OWN this economy AND the debt problems, they did not pass a budget when they owned all 3 branchs of the government. Doubled the debt in 2 years, .... REALLY Even the old folks that need medicare and Social Security mostly understand that if the country is paying 40% of its tax revenue in interest on the debt that sooneer rather than later the checks are going to stop anyway. REALLY More hard working Americans are questionong if it is prudent to keep producing and feeding the out of control beast that is government, if they are just going to spend more and tax more what is the point to keep trying..... .We'll see.To say Republicans are serious about cutting spending is ridiculous. To say Republicans didn't create this economy is a lie To say Democrats have made the economy worse is true |
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They won't wait until then to cave. CBS news is reporting right now, that seniors won't get social security checks if the debt ceiling isn't raised. The dems will use the media to lie for them, and make the GOP the bad guys. Posted Via AR15.Com Mobile The powers that be have been cutting social security for several years now. Of course, they don't call it "cuts". They simply devalue the currency and increase their social security checks by less than the amount they devalue the currency. For example, for each of the last two years, seniors have gotten no increase at all. Has the price of gasoline, rent, food, clothing, and medicine remained flat? Most of those items have increased in price by double digits. They are scaring seniors into thinking the checks might stop so that they will be grateful just to get a check and won't complain about the fact that they can't buy anything with it. It's just like when a large company spreads rumors of layoffs, then proceeds to screw the employers on their annual raises or bonuses. Also this rhetoric is designed to reflect America's descent into the third world (by design). Just this week: the end of manned space flight, rolling blackouts, now "checks might not go out". This is the kind of stuff that happens in third world countries. that's funny - in the economy threads everyone tells me that purchasing power has gone up and there is no significant inflation? dammit, I've been had! |
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Quoted:
Quoted:
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All of this stuff is smoke and mirrors. A circus for the diminishing numbers of voters that still believe that Democrats want more social programs and Republicans want small government and "their" party cares about them. What is really going to happen was decided months (if not years ago) ago behind closed doors, with no input from either the people or their elected representatives. That's how all important decisions get made in 21st century America. Here is what is going to happen: 1) The banks will benefit 2) The government will gain even more power, especially in the Executive branch. 3) The American people will not benefit. +eleventy billion You guys buy foil in bulk? Nah, I was going more for the points 1 2 and 3 myself. Doesnt really matter how we get to 1 2 and 3 now does it. 1 2 3 They will happen , they always happen. |
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I bet that no deal will be reached by August 2nd. Either on August 2nd or 3rd, the stock market will plummet, with the DOW dropping at least 1K and the S&P 500 going down at least 100 points. Much like the bank bailout, Republicans will then collectively lose their backbone due to the financial bloodbath. They will then quickly cave to all of Obama's demands. A debt ceiling increase with shitloads of new taxes will be signed into law by August 10. You are being too optimistic. |
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Quoted: Quoted: Republicans should sacrifice their political careers to push the reset button. Make .gov spend only what it takes in and see what happens. You are assuming that Republicans want small government and a balanced budget. Given the fact that they raised the debt ceiling 4 times when "their guy" was in the White House, I would suggest that you reconsider your assumptions. I qualified my statement with "should". They will fold like a lawn chair after they put up a nice show of it to keep the voters fired up. |
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I think they need to get what they can get and raise the debt limit until October 2012. let shit head run for reelection with that around his neck. This. I hope this "crisis" lasts until election time.' As a matter of fact, I hope ALL of Obama's crisis' last until then. |
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I bet that no deal will be reached by August 2nd. Either on August 2nd or 3rd, the stock market will plummet, with the DOW dropping at least 1K and the S&P 500 going down at least 100 points. Much like the bank bailout, Republicans will then collectively lose their backbone due to the financial bloodbath. They will then quickly cave to all of Obama's demands. A debt ceiling increase with shitloads of new taxes will be signed into law by August 10. My prediction: No deal will be made by August 2nd. August 2nd will come and go with no collapse of the stock market. Tim Geitner will continue to service the debt, SSI and the Military; he will shift fund cuts to discretionary programs pretty hard with promises of backfilling as soon as an agreement is reached. The press will try to pin this on the Republicans, but it won't stick with most of America. The Tea Party Conservatives in the House of Representatives will NOT bend. Speaker Boehner won't be able to gain enough votes to overcome the vote deficit, so he won't be allowed to cave in. Obama will cave by August 9th to the "No New Taxes" requirement of the Republicans, and will also front load real spending cuts in the new fiscal budget. In return, the Republicans will not push the balanced budget amendment this year and will give Obama most of his requested debt limit increase, matching dollar for dollar front loaded spending cuts. Republicans do well in 2012, taking the White House, getting the Senate by 1 vote, and retaining the House. None of this will matter; we will simply be putting off our day of reckoning about another year or two. |
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I bet that no deal will be reached by August 2nd. Either on August 2nd or 3rd, the stock market will plummet, with the DOW dropping at least 1K and the S&P 500 going down at least 100 points. Much like the bank bailout, Republicans will then collectively lose their backbone due to the financial bloodbath. They will then quickly cave to all of Obama's demands. A debt ceiling increase with shitloads of new taxes will be signed into law by August 10. My prediction: No deal will be made by August 2nd. August 2nd will come and go with no collapse of the stock market. Tim Geitner will continue to service the debt, SSI and the Military; he will shift fund cuts to discretionary programs pretty hard with promises of backfilling as soon as an agreement is reached. The press will try to pin this on the Republicans, but it won't stick with most of America. The Tea Party Conservatives in the House of Representatives will NOT bend. Speaker Boehner won't be able to gain enough votes to overcome the vote deficit, so he won't be allowed to cave in. Obama will cave by August 9th to the "No New Taxes" requirement of the Republicans, and will also front load real spending cuts in the new fiscal budget. In return, the Republicans will not push the balanced budget amendment this year and will give Obama most of his requested debt limit increase, matching dollar for dollar front loaded spending cuts. Republicans do well in 2012, taking the White House, getting the Senate by 1 vote, and retaining the House. None of this will matter; we will simply be putting off our day of reckoning about another year or two. This except for the Senate part in 2012. Obama is the one who will cave watch and wait boys and girls. He has already made statements about this "wrecking his presidency" all of his decisions are predicated on getting re-elected ...period... |
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I bet that no deal will be reached by August 2nd. Either on August 2nd or 3rd, the stock market will plummet, with the DOW dropping at least 1K and the S&P 500 going down at least 100 points. Much like the bank bailout, Republicans will then collectively lose their backbone due to the financial bloodbath. They will then quickly cave to all of Obama's demands. A debt ceiling increase with shitloads of new taxes will be signed into law by August 10. The economic danger of not raising the debt limit is contrived. But, it will go up. Our government runs the currency as a ponzi scheme for its own benefit of debt spending, and inflation as a hidden form of taxation. The only real negative affect of not raising the debt limit is that government would run out of money. I real boom for economic security and freedom if that were to happen. |
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Boehner committed political suicide today by walking out. Remember kids, world of perception. Know what the electorate DOESN'T want to hear right now? That Wall St is waiting for entitlement cuts to spark a rally. Remember, world of perception and in this world of perception where multitudes have lost everything, they are fucking pissed. Republicans are going to get their asses handed to them in 2012. Flame on REALLY...... I don't think so, Obummer and the dems OWN this economy AND the debt problems, they did not pass a budget when they owned all 3 branchs of the government. Doubled the debt in 2 years, .... REALLY Even the old folks that need medicare and Social Security mostly understand that if the country is paying 40% of its tax revenue in interest on the debt that sooneer rather than later the checks are going to stop anyway. REALLY More hard working Americans are questionong if it is prudent to keep producing and feeding the out of control beast that is government, if they are just going to spend more and tax more what is the point to keep trying..... .We'll see.To say Republicans are serious about cutting spending is ridiculous. To say Republicans didn't create this economy is a lie To say Democrats have made the economy worse is true This mess is not a Republican VS Democrat thing. Its a Big Government/small government issue and, inexcusable, irresponsible spending problem. It knows no party lines. However I will lay the majority of "this economy" on the manipulation of the banks by the federal government under Clinton to loan money to people that were not good risks to buy houses. Also throw in the attack on 911 and ensuing reverbirations and expenditures for the WOT. (Another problem caused by Clintons failure on foreign policy) If he had been doing his job 911 would of never happened IMHO. BUT, it is no secret that both parties buy votes with pork, the Right on subsidies and favors to big business and the left to free stuff for the lazy masses. A culture of stupidity that cannot continue. The laws of nature and economics will not allow it. |
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Quoted: All of this stuff is smoke and mirrors. A circus for the diminishing numbers of voters that still believe that Democrats want more social programs and Republicans want small government and "their" party cares about them. What is really going to happen was decided months (if not years ago) ago behind closed doors, with no input from either the people or their elected representatives. That's how all important decisions get made in 21st century America. Here is what is going to happen: 1) The banks will benefit 2) The government will gain even more power, especially in the Executive branch. 3) The American people will not benefit. Prescient. |
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I predict no deal gets done and the deadline comes and goes producing no more disruption than Y2K. People still go to work, collect their pay and the checks still go out. 
Lots of bluster in DC. Obama has the media eating out of his hand. The RINOs will cave. |
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I predict no deal gets done and the deadline comes and goes producing no more disruption than Y2K. People still go to work, collect their pay and the checks still go out. This. The debt ceiling has nothing to do with the interest payments on the debt, social security, medicaid, medicare, and troop pay, all those things can be covered by existing revenue, this is about not allowing new debt, the government still gets the revenue it gets it will just have to prioritize where it spends it, basically it just forces the government to balance the budget, if the checks don't go out it is because they deliberately chose not to send them. Of course this is not what the media is reporting. |