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Read the rules in the OP before posting, please.In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. |
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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.
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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.
I'm too busy being inspired and feeling proud to be an American to decipher what President Obama is saying right now. I'm just listening in awe right now; I'll check the transcripts later.
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OT: But look how gray Obama's hair has become.
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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. Is he pushing for something useful or just whatever bowel movement he pass through congress?
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Louie Gohmert does not look like he is having fun.
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These Inaugurations are always very well done. Its always very impressive to watch it all the moving parts happen perfectly.
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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.
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.
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On January 22 2013 02:41 Rassy wrote:Show nested quote +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. 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.
Well for one Obama doenst have to cave and he knows it and secondly uncertainty is the worst thing for the economy and nothing is more damaging then having to spend the first 6 months of 2013 wondering if we are going to default. I could see him giving the idea of the Senate passing a budget for a debt cieling increase that lasts 2 years but 3 months is nowhere near enough to let economy feel safe.
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Glad Climate Change was mentioned, for what 2 minutes, the country is already feeling the effects and the damages could be in the hundred billion dollar range just for 2012 alone.
Gay rights, Voter rights(which is far from over) were all mentioned as well. The only problem is said growing middle class(which is shrinking, no?) and, if reports are accurate, his desire for poverty reduction to be his legacy and the problem of wage in this country and no chance in hell to do anything with this house.
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On January 22 2013 02:41 Rassy wrote:Show nested quote +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. 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. 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.
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On January 22 2013 03:07 Sermokala wrote:Show nested quote +On January 22 2013 02:41 Rassy wrote: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. 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. 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.
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.
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Full text of Obama's speech:
Link
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On January 22 2013 03:24 Adreme wrote:Show nested quote +On January 22 2013 03:07 Sermokala wrote:On January 22 2013 02:41 Rassy wrote: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. 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. 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. 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. This is exactly what I was talking about. Instead of seeing any positves about the republicans not threatenin default anymoe You'd rather read the title and in a blind partisan hate you complain on how they're gona threaten the country with the default you want obama to allow happen so much for no reason other then your partisan feelings.
I love how you decided to start off your post with a self jerk about how your gona ignore what I said to annoy you while nevr thinking how this means that you didn't ignore it and now you've made it a core part of your post. Well done.
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On January 22 2013 03:24 Adreme wrote:Show nested quote +On January 22 2013 03:07 Sermokala wrote:On January 22 2013 02:41 Rassy wrote: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. 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. 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. 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. 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.
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On January 22 2013 03:49 JonnyBNoHo wrote:Show nested quote +On January 22 2013 03:24 Adreme wrote:On January 22 2013 03:07 Sermokala wrote:On January 22 2013 02:41 Rassy wrote: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. 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. 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. 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. 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.
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.
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On January 22 2013 03:55 Adreme wrote:Show nested quote +On January 22 2013 03:49 JonnyBNoHo wrote:On January 22 2013 03:24 Adreme wrote:On January 22 2013 03:07 Sermokala wrote:On January 22 2013 02:41 Rassy wrote: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. 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. 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. 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. 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. 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. Not raising the debt ceiling wouldn't necessarily mean a default though (default being the really scary thing).
Anyways...
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. http://www.cnbc.com/id/100393876
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On January 22 2013 04:19 JonnyBNoHo wrote:Show nested quote +On January 22 2013 03:55 Adreme wrote:On January 22 2013 03:49 JonnyBNoHo wrote:On January 22 2013 03:24 Adreme wrote:On January 22 2013 03:07 Sermokala wrote:On January 22 2013 02:41 Rassy wrote: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. 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. 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. 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. 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. 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. Not raising the debt ceiling wouldn't necessarily mean a default though (default being the really scary thing). Anyways... Show nested quote +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. http://www.cnbc.com/id/100393876
Interestingly enough for the first ever I actually read the 14th amendment and kind of understand how you could say that allows the president to raise the debt limit. First time someone ever said that idea I thought it was one of those crazy ideas based on a obtuse sentence in the constitution but actually reading it I can understand how you can logically raise the debt limit because of it.
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Also Im not argueing that a temporary increase wouldnt give people confidence for a month but no one is going to make long term investments when they are worried about something that huge.
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Chuck Schumer is loving this, even the majority of Wines are from New York.
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