US Politics Mega-thread - Page 81

So it seems we are being shown what Obama will attempt in his second term; reforming social programs, alongside a push for renewable energy and conservation.

On January 22 2013 02:04 {CC}StealthBlue wrote:
So it seems we are being shown what Obama will attempt in his second term; reforming social programs, alongside a push for renewable energy and conservation.

On January 19 2013 08:02 Adreme wrote:


There is NO way that the president will give in to a temporary extension. If the House wants to force the Senate to pass a budget then they probably have to at least offer a year or two.

On January 22 2013 02:41 Rassy wrote:



Whats wrong with a 3 month extension?
Kicking the can down the road, wich it what they have been doing for the past years.
Dont see how this is a problem for obama either btw,he gets his way for at least 3 more months wich is always better then now giving in and getting a deal for 2 years.
Then in 3 months can see if the recovery of the economy continues and maybe a deal can be made wich is better for both sides.

On January 22 2013 02:41 Rassy wrote:



Whats wrong with a 3 month extension?
Kicking the can down the road, wich it what they have been doing for the past years.
Dont see how this is a problem for obama either btw,he gets his way for at least 3 more months wich is always better then now giving in and getting a deal for 2 years.
Then in 3 months can see if the recovery of the economy continues and maybe a deal can be made wich is better for both sides.

On January 22 2013 03:07 Sermokala wrote:

Don't mind him he didn't read the article itself he just read the title and reacted like he was taught. If he had he would have known that this extension is being done with a final budget in time and represents the best hope for sensibility and cooperation in washinton. He thought the best way to respond to that was be as partisan and hateful as possible.

On January 22 2013 03:24 Adreme wrote:


Its amazing you have done the only thing that actually annoys me and that is come at me with a pretentious and holier than thou attitude and somehow are an expert on what ive done and what I havnt done but im willing to look past it and give you my reason for what I said.

The reason I say its a bad idea is 3 months is nothing. Of all the things congress can do to harm the economy there is literally nothing worse than not passing a debt limit. Thats why there are all these terrible ideas about a trillion dollar coin or bypassing it with the 14th amendment because while they are bad ideas they are better then the alternative. This brings me to the main problem that all a 3 month extension does is make people nervous that in 3 months we could be defaulting and no one is going to invest when they are nervous and once again you have stagnation during a recovery.

At its core the idea has merit and could probably be grown off of. For example they could make it a 2 year deal where the debt cieling is tied to passing a budget each year. There are ways to make that a good deal which is why again I liked the idea I just dont see Obama caving on only 3 months.

On January 22 2013 03:24 Adreme wrote:


Its amazing you have done the only thing that actually annoys me and that is come at me with a pretentious and holier than thou attitude and somehow are an expert on what ive done and what I havnt done but im willing to look past it and give you my reason for what I said.

The reason I say its a bad idea is 3 months is nothing. Of all the things congress can do to harm the economy there is literally nothing worse than not passing a debt limit. Thats why there are all these terrible ideas about a trillion dollar coin or bypassing it with the 14th amendment because while they are bad ideas they are better then the alternative. This brings me to the main problem that all a 3 month extension does is make people nervous that in 3 months we could be defaulting and no one is going to invest when they are nervous and once again you have stagnation during a recovery.

At its core the idea has merit and could probably be grown off of. For example they could make it a 2 year deal where the debt cieling is tied to passing a budget each year. There are ways to make that a good deal which is why again I liked the idea I just dont see Obama caving on only 3 months.

On January 22 2013 03:49 JonnyBNoHo wrote:

As long as reasonable progress is being made I don't think anyone will take the risk of default seriously.

We just recently agreed on tax hikes and kicked the can down the road 2 months on spending cuts. If we can get another partial deal and another delay I doubt the reaction would be any worse.

On January 22 2013 03:55 Adreme wrote:


If they fail to come up with a deal on sequester cuts its bad but probably not a disaster. Thats why the market doesnt fear the sequester in the same way they would the debt cieling. The debt cieling is something that is to be feared more than probably any other thing and merely talking about it causes stagnation in the economy. Fighting over anything else is fine even shutting down the governemnt again would be fine when compared to not raising the debt cieling and the fear that that might not happen should probably be quelled as fast and as permenently as possible.

US Debt Ceiling Proposal Helps Europe Shares Higher

European shares closed higher on Monday, managing to hold onto earlier gains as investor sentiment was buoyed by an agreement among U.S. Republicans on Friday to extend the debt ceiling for three months.

On January 22 2013 04:19 JonnyBNoHo wrote:

Not raising the debt ceiling wouldn't necessarily mean a default though (default being the really scary thing).

Anyways...


http://www.cnbc.com/id/100393876