Raise the debt limit again ?

Here ya go Bravo, the full quote!

You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due.
to Paul O'Neill, then Treasury Secretary (The Price of Loyalty)

Well, we will certainly be testing this theory over the next four years.
 
Well, we will certainly be testing this theory over the next four years.


Another one that can't put the words into context ?

Obama already DID prove it....its no theory....he was re-elected.

....Let me explain

Reagan increased the deficit and was re-elected in spite of that fact....thus the line quoted from Cheney....

He was talking about getting re-elected.....Reagan was, so Reagan proved "deficits don't matter" for getting re-elected.....

THATS the context in which it was said.....so don't try to read more into it ..... thats for pinheads like Rana.
Cheney was not talking about the economy or the fact that deficits are not in the best interests of the country.
 
Another one that can't put the words into context ?

Obama already DID prove it....its no theory....he was re-elected.

....Let me explain

Reagan increased the deficit and was re-elected in spite of that fact....thus the line quoted from Cheney....

He was talking about getting re-elected.....Reagan was, so Reagan proved "deficits don't matter" for getting re-elected.....

THATS the context in which it was said.....so don't try to read more into it ..... thats for pinheads like Rana.
Cheney was not talking about the economy or the fact that deficits are not in the best interests of the country.

Oh, Grampa Cracker, get over it, Obama is Preident for four more years. Doesn't matter at this point what he said in the past, he gets four more years. It only matters what he does now.
 
Oh, Grampa Cracker, get over it, Obama is Preident for four more years. Doesn't matter at this point what he said in the past, he gets four more years. It only matters what he does now.

So glad you informed me of that....four more years, huh?

To you, it doesn't matter what Obama said in the past....or says now, or did in the past or does now.....his lies are ignored just like his incompetance,.... budgets, that not even one Democrat would for, the deficit, Gitmo, Afghanistan, his Mama's health insurance, his uncles war adventures, etc.....and don't forget his quote about the debt limit caused by lack of leadership....

His stupid gaffes worse than Sarah Palin,( which she was savaged and ridiculed for ).....Corpse-men, fallen hero's in his audience, ten thousand people died -- an entire town destroyed." --on a Kansas tornado that killed 12 people, an 'intercontinental railroad', countries like Europe, claimed there was an Austrian language, claimed there was 57 states, and the list goes on.....

Thats the problem with pinheads.....Obama lies his ass off, didn't follow thru on most of his campaign promises, etc.....and none of it matters to pinheads....

Yet Romney was getting blasted for pulling pranks almost 50 years ago....you're STILL talking about what Cheney said about an election 25 years ago....and
still repeating lies about GW from a decade ago.....but

we're used to the double standard used by the lefty hypocrites....
 
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Neither spent as much together compared to the idiot we have have

You have moved from just being an asshole, to being an obtuse and ignorant asshole.

President Obama, in the toxic economic environment of inheriting the worst recession, contraction of our economy. and the highest monthly hemorrhaging of jobs has LOWERED the deficit. Obama Cut the Deficit and Slowed Government Spending to Lowest Level in 50 Years.

President Obama signed the Statutory Pay-As-You-Go Act in February, 2010, which mandates that new spending be offset with spending cuts or new revenue. Yes, a Democratic president and a Democratic Congress passed this legislation. Guess how many congressional Republicans voted for the law. Zero. Not one. Perhaps during this week's debate, Vice President Biden could ask Rep. Paul Ryan who voted against the bill.

Consequently, the president is responsible for the lowest government spending growth in 60 years, according to the Wall Street Journal's Market Watch.

2012-10-10-chart_spending_growth.jpg
 
No, that's the IPAB. The funeral directors will reap the rewards of their decisions.

Check this out. (Excerpt) The Independent Payment Advisory Board, or IPAB, is a fifteen-member United States Government agency created in 2010 by sections 3403 and 10320 of the Patient Protection and Affordable Care Act which has the explicit task of achieving specified savings in Medicare without affecting coverage or quality. Under previous and current law, changes to Medicare payment rates and program rules are recommended by MedPAC but require an act of Congress to take effect. The new system grants IPAB the authority to make changes to the Medicare program with the Congress being given the power to overrule the agency's decisions through supermajority vote. (End) (wiki.com)

An independent board requiring a super majority of Congress to over rule it. In other words a few selfish, miserly Tea Party members won't be a problem.

So, how can they cut expenses without affecting coverage or quality, one may ask. Well, a good place to start would be negotiating drug prices which the buffoon Bush refused to include in his drug policy. Did you know there are drugs made in the USA which are sold in Canada at a lower price than in the US? That's like your neighbor charging you one price and selling to foreigners at a cheaper price. Good ol' capitalism and patriotism, huh? Do you support screwing your neighbor if you get a chance and I'm not referring to the MILF next door? :D
 
Check this out. (Excerpt) The Independent Payment Advisory Board, or IPAB, is a fifteen-member United States Government agency created in 2010 by sections 3403 and 10320 of the Patient Protection and Affordable Care Act which has the explicit task of achieving specified savings in Medicare without affecting coverage or quality. Under previous and current law, changes to Medicare payment rates and program rules are recommended by MedPAC but require an act of Congress to take effect. The new system grants IPAB the authority to make changes to the Medicare program with the Congress being given the power to overrule the agency's decisions through supermajority vote. (End) (wiki.com)

An independent board requiring a super majority of Congress to over rule it. In other words a few selfish, miserly Tea Party members won't be a problem.

So, how can they cut expenses without affecting coverage or quality, one may ask. Well, a good place to start would be negotiating drug prices which the buffoon Bush refused to include in his drug policy. Did you know there are drugs made in the USA which are sold in Canada at a lower price than in the US? That's like your neighbor charging you one price and selling to foreigners at a cheaper price. Good ol' capitalism and patriotism, huh? Do you support screwing your neighbor if you get a chance and I'm not referring to the MILF next door? :D

Actually, what you will have is more power taken from your elected representatives (i.e. YOU) and more power given to some partisan appointed group that will have little oversight from
Congress and will answer to no one but those that appointed them....
More of your our rights to self government scrapped....

An independent board requiring a super majority of Congress to over rule it. In other words a few selfish, miserly Tea Party members won't be a problem strangers, will control a major and important part of you life and you will have no say in the matter.
 
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"President Reagan did it (raised the debt ceiling) 18 times. George W. Bush did it seven times."

Barack Obama on Monday, July 25th, 2011 in a televised address

rulings%2Ftom-true.gif

And that same man said it was unpatriotic and wrong in 2006. And I agreed with him. Too bad he didn't have the balls to do the right thing when he got into office.

snopes first: http://www.snopes.com/politics/obama/debtlimit.asp

Shoot, he even voted against it.
http://www.chicagomag.com/Chicago-M...k-Obama-Voted-Against-Raising-the-Debt-Limit/

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ``trillion'' with a ``T.'' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion.
Then he got into office and doubled that foreign held debt in one term. Increasing the foreign held debt by more than all other Presidents in history combined.

Another difference, and a biggie, we weren't monetizing our own debt at that time.
 
Another one that can't put the words into context ?

Obama already DID prove it....its no theory....he was re-elected.

....Let me explain

Reagan increased the deficit and was re-elected in spite of that fact....thus the line quoted from Cheney....

He was talking about getting re-elected.....Reagan was, so Reagan proved "deficits don't matter" for getting re-elected.....

THATS the context in which it was said.....so don't try to read more into it ..... thats for pinheads like Rana.
Cheney was not talking about the economy or the fact that deficits are not in the best interests of the country.

WRONG!!!

What was the concern in the Bush administration about debt and deficits? NONE...Bush's solution was to eliminate the voices of concern, his first Treasury Secretary.

Paul O'Neill was fired from his job as George Bush's Treasury Secretary for disagreeing too many times with the president's policy on tax cuts.

The president had promised to cut taxes, and he did. Within six months of taking office, he pushed a trillion dollars worth of tax cuts through Congress.

But O'Neill thought it should have been the end. After 9/11 and the war in Afghanistan, the budget deficit was growing. So at a meeting with the vice president after the mid-term elections in 2002, O'Neill argued against a second round of tax cuts.

"Cheney, at this moment, showed his hand. He said to O'Neill: 'You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due.' … O'Neill was speechless."

"It was not just about not wanting the tax cut. It was about how to use the nation's resources to improve the condition of our society," says O'Neill. "And I thought the weight of working on Social Security and fundamental tax reform was a lot more important than a tax reduction."
 
WRONG!!!

What was the concern in the Bush administration about debt and deficits? NONE...Bush's solution was to eliminate the voices of concern, his first Treasury Secretary.
IRRELEVANT

Paul O'Neill was fired from his job as George Bush's Treasury Secretary for disagreeing too many times with the president's policy on tax cuts.
IRRELEVANT

The president had promised to cut taxes, and he did. Within six months of taking office, he pushed a trillion dollars worth of tax cuts through Congress.
IRRELEVANT

But O'Neill thought it should have been the end. After 9/11 and the war in Afghanistan, the budget deficit was growing. So at a meeting with the vice president after the mid-term elections in 2002, O'Neill argued against a second round of tax cuts.
IRRELEVANT


"Cheney, at this moment, showed his hand. He said to O'Neill: 'You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due.' … O'Neill was speechless."

"It was not just about not wanting the tax cut. It was about how to use the nation's resources to improve the condition of our society," says O'Neill. "And I thought the weight of working on Social Security and fundamental tax reform was a lot more important than a tax reduction."

Reagan won re-election in spite of his deficit spending....

Its as plain as the nose on your idiot fact....
 
Reagan won re-election in spite of his deficit spending....

Its as plain as the nose on your idiot fact....

Either you are obtuse or dishonest...which one is it bravo? Paul O'Neill Bush's first Treasury Secretary confronted Cheney on a second round of tax cuts BECAUSE: "After 9/11 and the war in Afghanistan, the budget deficit was growing" and "It was about how to use the nation's resources to improve the condition of our society," says O'Neill. "And I thought the weight of working on Social Security and fundamental tax reform was a lot more important than a tax reduction."
 
And that same man said it was unpatriotic and wrong in 2006. And I agreed with him. Too bad he didn't have the balls to do the right thing when he got into office.

snopes first: http://www.snopes.com/politics/obama/debtlimit.asp

Shoot, he even voted against it.
http://www.chicagomag.com/Chicago-M...k-Obama-Voted-Against-Raising-the-Debt-Limit/


Then he got into office and doubled that foreign held debt in one term. Increasing the foreign held debt by more than all other Presidents in history combined.

Another difference, and a biggie, we weren't monetizing our own debt at that time.

Honestly Damo, you folks on the right live in a vacuum. Raising the debt ceiling 18 times in 8 years (Reagan) and 7 times in 8 years (Bush) when the economy is normal and growing IS wrong and irresponsible.

Be honest Damo, did Obama inherit a normal and growing economy?
 
Either you are obtuse or dishonest...which one is it bravo? Paul O'Neill Bush's first Treasury Secretary confronted Cheney on a second round of tax cuts BECAUSE: "After 9/11 and the war in Afghanistan, the budget deficit was growing" and "It was about how to use the nation's resources to improve the condition of our society," says O'Neill. "And I thought the weight of working on Social Security and fundamental tax reform was a lot more important than a tax reduction."

So what....I'm not denying that.....the topic is Cheney's remark and its context.....I've explained it a number of times and don't give a shit what you want
believe...Cheney was talking about Reagan's re-election and its clear in his full remark, "we won the mid-term elections"....and by extension, GW Bush's chance to be re-elected.
Cheney wasn't referring to the state of the economy in that particular quote.....case closed...
 
http://www.commondreams.org/views04/0119-06.htm
Left wing website
"what Cheney meant by "Reagan proved deficits don't matter." For Cheney, Reagan proved there was no political cost to big deficits."

"The notion that "deficits don't matter" can be defended politically only as long as voters agree. In polls prior to the 2002 midterms, voters worried about Bush's deficit and said they would rather have a tax increase than tax cut, then voted Republican. For Cheney and Rove, that was proof that deficits don't matter.
----------------
Soooo, some people do understand the context of the quite....lefties no less....
 
So what....I'm not denying that.....the topic is Cheney's remark and its context.....I've explained it a number of times and don't give a shit what you want
believe...Cheney was talking about Reagan's re-election and its clear in his full remark, "we won the mid-term elections"....and by extension, GW Bush's chance to be re-elected.
Cheney wasn't referring to the state of the economy in that particular quote.....case closed...

That wasn't the context you moron. Paul O'Neill SET the context when he confronted Cheney arguing that "the budget deficit was growing" and "It was about how to use the nation's resources to improve the condition of our society," says O'Neill. "And I thought the weight of working on Social Security and fundamental tax reform was a lot more important than a tax reduction."

Case closed asshole
 
Reality vs. right wing propaganda parroted on this board.

Debt and deficits are two different things. President Obama Cut the Deficit and Slowed Spending to Lowest Level in 50 Years.

fredgraph.png


Here is the Federal surplus or deficit in dollars...

fredgraph.png


MW-AR658_spendi_20120521163312_ME.jpg


And Obama is not growing government...that was Bush.

3sY64.jpg
 
Actually, what you will have is more power taken from your elected representatives (i.e. YOU) and more power given to some partisan appointed group that will have little oversight from
Congress and will answer to no one but those that appointed them....
More of your our rights to self government scrapped....

An independent board requiring a super majority of Congress to over rule it. In other words a few selfish, miserly Tea Party members won't be a problem strangers, will control a major and important part of you life and you will have no say in the matter.

Yes, you're right. However, considering government medical was first being suggested in 1912, exactly 100 years ago, who do you think is going to do a better job; Congress or an independent board?

Those folks who stipulated an independent board are well aware of what happens in countries with government medical, Canada being one of them. Those vulture capitalists try anything to get a piece of the medical pie.
 
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