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Thread: Greenspan: Notion of Debt Ceiling Makes No Sense

  1. #1

    Default Greenspan: Notion of Debt Ceiling Makes No Sense

    Greenspan: Notion of Debt Ceiling Makes No Sense

    Apparently, the debt ceiling is going to get in the way of unlimited government spending and they need to get rid of it so it doesn't get in the way of their plans.
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    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

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  2. #2
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    What a shill

    The Congress hasnt even passed a budget in 4 years

    So how can Greeny just say the debt ceiling is unnecessary

  3. #3

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    Quote Originally Posted by opiumbox2000 View Post
    What a shill

    The Congress hasnt even passed a budget in 4 years

    So how can Greeny just say the debt ceiling is unnecessary
    Listen again. He didn't say it was unnecessary, he said it made no sense.

    Not if the Fed has to turn around and jimmy the economy all over again.

    .

  4. #4

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    It makes no sense, if you are just going to raise it when its reached.

    Congress has no discipline when they spend our money, that they haven't even collected yet.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

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  5. #5

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    Quote Originally Posted by Miteysquirrel View Post
    It makes no sense, if you are just going to raise it when its reached.

    Congress has no discipline when they spend our money, that they haven't even collected yet.
    You take that back, Mitey! I certainly wouldn't raise it, as you allege.

    What silly beliefs you have, that Congress is disciplined! The scam makes plenty of sense, or why else would they do it?

    .

  6. #6

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    Quote Originally Posted by Miteysquirrel View Post
    It makes no sense, if you are just going to raise it when its reached.

    Congress has no discipline when they spend our money, that they haven't even collected yet.
    Let's see if the Republicans can use the debt limit to negotiate for budget deficit reductions or not. If they can't or won't, then the debt ceiling makes no sense at all, except for the pretense that they care about deficit reduction.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some menís principle to pay interest, and seems against othersí interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  7. #7

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    Quote Originally Posted by WhatsUpDoc1958 View Post
    Let's see if the Republicans can use the debt limit to negotiate for budget deficit reductions or not. If they can't or won't, then the debt ceiling makes no sense at all, except for the pretense that they care about deficit reduction.
    Of course they will negotiate a reduction (higher taxes on suckers aka taxpayers and cuts to "entitlements") now that bankers have a free pass to continue offloading their trillions in mortgage & stock market losses onto the publics' back with their lackeys obama-romney voted in.

    It's the responsible thing to do don't you know.

    Private bankers will send you all a "Thanks for being a sucker" card this Christmas.

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