Flashback - July 2005 - Sharp Rise in Tax Revenue to Pare U.S. Deficit

[Palehorse]

You bet!  The enemy will be easy to spot; they'll be carrying bibles.

[Henry Hawk]

WAS it a lie? The fact is unless the debt ceiling is raised by August 2, 60% of the government's obligations would go unpaid.

The decision to prioritize payments would fall on the Treasury department and the POTUS....There will be a 44 percent overnight cut in federal spending" if Congress hits the debt limit....leaving aroung $172 billion in federal revenues to spend....that let's us pay the interest on the debt ($29 billion), Social Security ($49.2 billion), Medicare and Medicaid ($50 billion), active duty troop pay ($2.9 billion), veterans affairs programs ($2.9 billion)...leaving us with about $39 billion to utlize over discreationary spending....

Obama knows damn well that this is exactly the case, but he wants play POLITICS and SCARE old people that THEY may not ge their checks.....YES, he is lying.

[Palehorse]

"REAGAN: Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world." - Reagan in 1987

So, was he lying too?

[Henry Hawk]

"REAGAN: Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world." - Reagan in 1987

So, was he lying too?

Stay focused on Obama now.........Reagan is dead and gone......Obama LIED (That is the topic) and said SS checks may not go in the mail if we do not settle this ordeal by Aug 2.......typical lib manuver...

[Palehorse]

Stay focused on Obama now.........Reagan is dead and gone......Obama LIED (That is the topic) and said SS checks may not go in the mail if we do not settle this ordeal by Aug 2.......typical lib manuver...

He was ALIVE and facing the very SAME issue in 1987 and said virtually the same thing!

Answer the question, WAS he lying in 1987?

[Henry Hawk]

He was ALIVE and facing the very SAME issue in 1987 and said virtually the same thing!

Answer the question, WAS he lying in 1987?

I won't answer NOTHING until you answer me if Obama is LYING and spreading propaganda...................IS HE?

[Exterminator]

No and who spoon fed you those numbers?

[Palehorse]

I won't answer NOTHING until you answer me if Obama is LYING and spreading propaganda...................IS HE?

NO.

[Henry Hawk]

No and who spoon fed you those numbers?

I got the numbers from the Bipartisan Policy Center.....and used an interactive chart to calculate and prioritize spending....

Since palehorse you think the POTUS was not lying....then there is nothing else to talk about regarding this topic as far as I am concerned.......

http://about.bgov.com/2011/07/12/august-invoices-show-u-s-treasury%E2%80%99s-limited-choices/

[Henry Hawk]

"REAGAN: Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world." - Reagan in 1987

So, was he lying too?

I will answer this too....since you are just Parroting what every liberal pundit, blogger and folks from the Huffington Post are saying and trying thier best to propagandize this serious situation....

first let's get things straight.....Obama has racked up over $14 trillion of debt in a little over two years....failed to have HIS DEMOCRAT senate pass a budget...and yet wants to raise taxes to fund his out-of-control spending!! well that is NOT anything like Ronald Reagan....who CUT Taxes  while increaseng federal revenue....to pay for spending...two completely different sets of philosophy..... Reagan WARNED of the dangers of not paying our debt............he did not outright tell senior citizens they may not get paid next month....Obama KNOWS damn well they will be paid, unless HE chooses not to pay them.

[followsthewolf]

Did I just hear that the GOP is taking the weekend off?

Well, I can fully understand that, what with all the hard work they've been doing lately.

And nothing important coming up on the agenda, either.

Enjoy your weekend off, kiddies.

Shew.

[Exterminator]

I got the numbers from the Bipartisan Policy Center.....and used an interactive chart to calculate and prioritize spending....

So which of those bills do you suggest go unpaid?

[Henry Hawk]

Did I just hear that the GOP is taking the weekend off?

Well, I can fully understand that, what with all the hard work they've been doing lately.

And nothing important coming up on the agenda, either.

Enjoy your weekend off, kiddies.

Shew.

Uh, you heard wrong....it was Senate Majority Leader Harry Reid  (a DEMOCRAT) who canceled this weekend Senate sessions.....

film at 11....http://finance.yahoo.com/news/Senate-rejects-House-GOP-apf-3051861922.html?x=0&.v=7

The GOP has done plenty of hard work....offered a proposal to cut spending, but the dems don't want to cut spending they want to increase it....

Have a great weekend!!

[Henry Hawk]

So which of those bills do you suggest go unpaid?

I'm not paid to make those decisions...but I do know we don't have the money to continue to pay them without borrowing MORE money....I think I suggested what NEEDS to be paid first and foremost.....the rest needs to be reduced or cut out....THAT is what I suggest.

[Exterminator]

No, we should have enough revenue to pay a little over half of them...in August...the outlook gets worse in successive months.  I'll ask again, which of those bills do you think is unimportant enough that it can go unpaid?