Debt? What Debt?

Oh let’s not and say we did. Washington is good at solving problems by changing the language. Too much debt? Just call it something else. How about a more friendly-sounding phrase like reverse revenue. Worried about not raising the debt ceiling? Instead, think of it as a window of opportunity (for China). And while we’re at it, who would know if the government simply announced there is no debt. Turns out it was all made up by Alan Greenspan.

“What’s the difference between being in debt and spending years in a hospital bed dying from an agonizingly painful and wasting illness? The hospital bed.” – Oscar Wilde

“Mr. Smith, I have reviewed this case very carefully,” the divorce court judge said, “and I’ve decided to give your wife $275 a week.”
“That’s very nice, your honor,” the husband said. “And every now and then I’ll try to send her a few bucks, myself.”

30 thoughts on “Debt? What Debt?

  1. raise the debt ceiling?
    “that’s sooooo 2002, 2003, 2004, 2006, 2007 and twice in 2008″

    loved it!

  2. republicans talkin’ outta their ass… of course not…
    they’re just talkin’ outta their reverse mouth.

  3. I had a very bad feeling when our candidate-turned-president talked about arugula in the last campaign. It was at that point that it became apparent that he was totally out of touch with the budget choices faced by average American families. And, it’s my thinking that the series of compromises flowing from his flawed understanding of family priorities in this continuing crisis, have effectively trivialized their plight as he dances the two-step with the Republican House.

  4. Flatus
    What makes me really cringe is when he compares the federal debt with household debt. It seems to display a total lack of understanding of the problem on his part. imo that is worrysome

    Jack

  5. Also, his claim that redusing federal spending will lead to prosperity. Especially when his cuts are to things like education and ifrastructure

    Jack

  6. Jack,
    Hoover thought reducing spending would lead to prosperity
    as well. Didn’t quite work out that way.

  7. Jack
    It goes back to being a community organizer. Toss out a bunch of words and amaze them with your facility with language,etc., and hell with it if it doesn’t make a lick of sense--you can still go and get something from the neighborhood boss.

  8. Comparing government debt to household debt is a joke.
    When a house hold gets in trouble they either get another job or are forced to sell something.
    The government can’t get another job and at this point I don’t see them selling anything.
    Politicians of all stripes love over simplification and false equivalencies, especially when they don’t understand the problem.

  9. republicans talkin’ outta their ass… of course not…
    they’re just talkin’ outta their reverse mouth. rr

    woohooo

    Once again the ABC proves they hire only the dumbest
    The morning anchor asked an alternate juror what he thought
    Casey Anthony’s future plans will be ..huh? How the hell would he know?

    Not too mention her other questions were both insulting and dumb

  10. Flatus
    I see a lot of community organizer in Obama, the problem is by definition community organizers are not leaders, their job is to identify the leaders and promote them. He didn’t run for the job of national community organizer,

    Jack

  11. How big business thinks! Thus how Obama thinks!

    http://www.nytimes.com/2011/07/06/business/economy/06leonhardt.html?_r=1&partner=MYWAY&ei=5065
    Big Business Leaves Deficit to Politicians
    By DAVID LEONHARDT, Published: July 5, 2011
    Last year, the Business Council — a group of top corporate executives headed by Jamie Dimon of JPMorgan Chase — and the Business Roundtable released a 49-page plan [see below] that simultaneously warned that projected deficits would “retard future growth” and called for policies that would add hundreds of billions of dollars a year to the deficit.

    http://businessroundtable.org/uploads/hearings-letters/downloads/20100621_Letter_to_OMB_Director_Orszag_from_BRT_and_BC_with_Attachments.pdf
    Letter to OMB Director Orszag from BRT and BC
    As a follow‐up to your request to both Business Roundtable (BRT) and The Business Council (BC) for examples of pending legislation and regulations that have a dampening effect on economic growth and job creation, we surveyed our membership to get their views. Attached are an Executive Summary and detailed description of what they see as government initiatives that will cause slower rather than faster growth.

    Example
    The Vice President’s Middle Class Task Force is reportedly considering regulations on federal procurement policy that would call for awarding federal contracts to companies that provide living wage, health care, retirement and paid sick leave; have fewer violations in labor and employment, tax, environment and antitrust; and take a neutral position in union organizing campaigns. If adopted, these regulations would base decisions about awards on factors that could significantly increase the cost to the government and American taxpayers

  12. “nifty gravatar for someone so disposed”

    i pictured you, flatus, when i saw that photo of inner peace.

  13. craig, thank you for telling me that. what a relief. i tho’t i misread the instructions.

  14. PiT

    having signed a couple of government contracts, all it will do is add a couple more pages to the contract and several more boxes to check. Contracts already call for paying prevailing wages which get ignored.

    Jack

  15. btw, if you noticed that my gravitar thingy is missing, it isn’t , I’m just in camouflage mode today until I find one that fits my mood

    Jack

  16. Jack,

    Changing avatars is going to be a must…will definitely fit the mood for me….

    Tony,

    I forgot to tell you earlier that if you wanted to change your browser…I like FireFox 3 a lot…and Bing as my home page. Every day when I wake up I learn something new when I look at Bing.!

    Put your mouse arrow in the picture, and you will find…left to right some fun facts that takes you to different parts of the world….I now can say that I learn something new every day:

    http://www.bing.com/

  17. The extreme right wing (which is what the GOP now is) really WANTS the US govt to go into default, just to see what happens. They really don’t think it will be a problem. (Yes, they are that stupid.)

    But Obama, if he follows his past behavior patterns, may give in to their demands and make huge cuts in Social Security & Medicare, while preserving tax policies that benefit the rich.

    I don’t trust him.

  18. Tony,

    …..forgot; on the lower right hand side…if u click the arrow for the previous day….you can see the great pics and the information about it..go back two pics, and see what the founding fathers had to say about that Bird…..

  19. in one of those boxes it says:

    http://www.bing.com/

    Our founding fathers planned to sign the declaration of independence on King George’s Birth- Day, but did not have the wording until the Fourth….we knew this; but still a great fact to see…later

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