January 18, 2013
— Open Blogger A bit of fresh thread smell before the ONT...
This is a direct cut/paste from the March 16 2006 Congressional Record. No link because they use an on the fly DB retrieval that doesn't produce a static link. You gotta grovel for it the hard way.
Mr. OBAMA. Mr. President, I rise today to talk about America's debt problem.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.Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we'll spend on Medicaid and the State Children's Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America's priorities. Instead, interest payments are a significant tax on all Americans--a debt tax that Washington doesn't want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.
But we are not doing that. Despite repeated efforts by Senators CONRAD and FEINGOLD, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending.
As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years. That is why I will once again cosponsor the Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again.
Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign-held debt . This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.
Increasing America's debt weakens us domestically and internationally. Leadership means that ``the buck stops here.'' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem
[Page: S2238] GPO's PDF
and a failure of leadership . Americans deserve better.
I therefore intend to oppose the effort to increase America's debt limit .
Mr. GRASSLEY. Mr. President, I urge my colleagues to vote in favor of final passage.
Raising the debt limit is necessary to preserve the full faith and credit of the U.S. Government.
We cannot as a Congress pass spending bills and tax bills and then refuse to pay our bills.
Refusing to raise the debt limit is like refusing to pay your credit card bill--after you've used your credit card.
The time to control the deficits and debt is when we are voting on the spending bills and the tax bills that create it.
Raising the debt limit is about meeting the obligations we have already incurred.
We must meet our obligations. Vote for this bill.
Posted by: Open Blogger at
05:30 PM
| Comments (185)
Post contains 904 words, total size 5 kb.
Posted by: The littl shyning man at January 18, 2013 05:36 PM (PH+2B)
Looks like those Sesame Street episodes you crammed in before becoming Senator paid off, Barry!
Posted by: Waterhouse at January 18, 2013 05:37 PM (ermEp)
Posted by: johnd01 at January 18, 2013 05:37 PM (r0+v0)
Posted by: soothsayer at January 18, 2013 05:37 PM (DlaLh)
Posted by: Clemenza at January 18, 2013 05:38 PM (x59Gv)
Posted by: Linfell at January 18, 2013 05:38 PM (PGO8C)
This guy could give Hadji a run for top billing.
Posted by: Waterhouse at January 18, 2013 05:39 PM (ermEp)
Posted by: Clemenza at January 18, 2013 05:39 PM (x59Gv)
Posted by: soothsayer at January 18, 2013 05:39 PM (0w+w3)
Posted by: fluffy at January 18, 2013 05:40 PM (tcTgC)
Posted by: chemjeff at January 18, 2013 05:41 PM (BBWjt)
Posted by: Clemenza at January 18, 2013 05:41 PM (x59Gv)
Posted by: dogfish at January 18, 2013 05:42 PM (N2yhW)
Posted by: Clemenza at January 18, 2013 05:43 PM (x59Gv)
No.
Posted by: Waterhouse at January 18, 2013 05:44 PM (ermEp)
Posted by: fluffy at January 18, 2013 05:44 PM (tcTgC)
Lindell, it's your CONSCIENCE. You are conscience is telling you this is a really bad guy. As in EVIL.
This is a good thing, as it shows you are a nice person.
Posted by: Miss Marple at January 18, 2013 05:46 PM (GoIUi)
Posted by: ALH at January 18, 2013 05:46 PM (qyvML)
Posted by: fluffy at January 18, 2013 09:44 PM (tcTgC)
Nothing is as pathetic as an aging whore.
We could play this game all night.
Posted by: Professor Marius von Totenkopf (formerly Hoss Fuentes) at January 18, 2013 05:46 PM (aozUR)
Posted by: Larry Sinclait at January 18, 2013 05:47 PM (9PzZ0)
Posted by: ALH at January 18, 2013 05:47 PM (qyvML)
Posted by: Buzzsaw at January 18, 2013 05:47 PM (qo244)
Posted by: steevy at January 18, 2013 05:48 PM (9XBK2)
Posted by: Herbert Hymenhopper at January 18, 2013 05:50 PM (zkWV6)
Posted by: steevy at January 18, 2013 05:51 PM (9XBK2)
Posted by: I lurk, therefore I am at January 18, 2013 05:51 PM (+tsoh)
Posted by: 'Ette in training at January 18, 2013 05:51 PM (zvxqj)
Posted by: ette at January 18, 2013 05:52 PM (nqBYe)
Posted by: I lurk, therefore I am at January 18, 2013 05:52 PM (+tsoh)
Posted by: @PurpAv at January 18, 2013 05:52 PM (3QaxX)
Posted by: Sebastian Melmoth at January 18, 2013 05:52 PM (yDr5/)
Posted by: fluffy at January 18, 2013 05:52 PM (tcTgC)
Posted by: USS Diversity at January 18, 2013 05:53 PM (MPjT8)
Posted by: steevy at January 18, 2013 05:53 PM (9XBK2)
obama has tripled the debt.
so?
Posted by: ette at January 18, 2013 05:53 PM (nqBYe)
Posted by: I lurk, therefore I am at January 18, 2013 05:54 PM (+tsoh)
Some played overseas, so shouldn't be in too-bad shape. Plus it's not like the '70s; they stay in pretty good tune all year long.
Posted by: Waterhouse at January 18, 2013 05:54 PM (ermEp)
Posted by: ette at January 18, 2013 05:54 PM (nqBYe)
Posted by: steevy at January 18, 2013 05:55 PM (9XBK2)
Really, it is time to retire that talking fiction point. They passed one spending bill only - TARP. When Bush and Paulson begged Pelosi for it.
Posted by: Herbert Hymenhopper at January 18, 2013 05:55 PM (zkWV6)
Posted by: eman at January 18, 2013 05:56 PM (tBnjP)
Posted by: steevy at January 18, 2013 05:56 PM (9XBK2)
Posted by: Jordan at January 18, 2013 05:56 PM (Hz1zc)
Posted by: I lurk, therefore I am at January 18, 2013 05:57 PM (+tsoh)
My only exceptions:
1. If there is a news flash that Bibi is bombing Iran at 11:45 EST, so I can watch the chaos and media panic.
2. If this is a clusterf**k of epic proportions and there are riots and whining and complaining.
3. If there is a blizzard and they are freezing on that platform.
So those who are watching, tak good notes and relay your message here. Otherwise, I am going to be cleaning closets or something.
Posted by: Miss Marple at January 18, 2013 05:57 PM (GoIUi)
Posted by: ALH at January 18, 2013 05:57 PM (qyvML)
nothing is wrong!
we have it under control!
you are racist.
Posted by: ette at January 18, 2013 05:57 PM (nqBYe)
Obama could have been recorded saying. "I hate Whitey America and if elected, will destroy it" and still get elected. Cult of personality like Stalin and Hitler
Posted by: USS Diversity at January 18, 2013 05:58 PM (MPjT8)
Posted by: ette at January 18, 2013 05:59 PM (nqBYe)
Posted by: eman at January 18, 2013 06:00 PM (tBnjP)
Posted by: Miss Marple at January 18, 2013 06:01 PM (GoIUi)
Posted by: Sebastian Melmoth at January 18, 2013 06:01 PM (aUHCG)
Posted by: I lurk, therefore I am at January 18, 2013 06:01 PM (+tsoh)
HR 1461 - the GSE Reform Act of 2005 by Mike Oxley (R) of Sarbanes-Oxley fame. It passed with 330 votes in the House.
Bush slammed the door on it. Dead.
Fact.
Posted by: Herbert Hymenhopper at January 18, 2013 06:01 PM (zkWV6)
But....my God, what a fucking idiot.
Posted by: CharlieBrown'sDildo at January 18, 2013 06:01 PM (GsoHv)
Posted by: USS Diversity at January 18, 2013 06:02 PM (MPjT8)
You guys think we don't keep track of this, but we do.
Posted by: Miss Marple at January 18, 2013 06:02 PM (GoIUi)
Posted by: Burn the Witch at January 18, 2013 06:03 PM (ROv35)
Posted by: Obama.Voter at January 18, 2013 06:04 PM (Q8Wa9)
thank you for that , i will look it up tomorrow, that's a rather interesting needle.
Posted by: ette at January 18, 2013 06:04 PM (nqBYe)
Posted by: USS Diversity at January 18, 2013 09:58 PM (MPjT
And the MFM would have bleated that we're taking it out of context because we're racists
Posted by: TheQuietMan at January 18, 2013 06:05 PM (IywpV)
Posted by: I lurk, therefore I am at January 18, 2013 06:05 PM (+tsoh)
And no one wants to leave the album thread.
He was a
Posted by: I lurk, therefore I am at January 18, 2013 09:36 PM (+tsoh)
Mediocre is far to generous.
Posted by: YIKES! at January 18, 2013 06:05 PM (mETGQ)
Posted by: Jordan at January 18, 2013 06:05 PM (Hz1zc)
Posted by: eman at January 18, 2013 06:06 PM (tBnjP)
triumphant.
Dems set up the legislation that helped assist the collapse then during the collapse benifited from it.
nice work if you could not go to jail frst
Posted by: ette at January 18, 2013 06:06 PM (nqBYe)
http://goo.gl/p4HeC
Posted by: Sphynx at January 18, 2013 06:06 PM (v2St1)
Posted by: BuckIV at January 18, 2013 06:07 PM (+4mBJ)
Posted by: Sebastian Melmoth at January 18, 2013 06:07 PM (c3tQX)
Posted by: 'Ette in training at January 18, 2013 06:07 PM (zvxqj)
Posted by: t-bird at January 18, 2013 06:08 PM (FcR7P)
It didn't pass the Senate. It wasn't Bush's fault. And yes, you'll say, "Heavens! The Senate was in GOP hands!" But welcome to the land of the 60-vote threshold. Even if something makes complete and utter sense the minority may not go for it.
Posted by: I lurk, therefore I am at January 18, 2013 10:05 PM (+tsoh)
oy i will have to paste portions of this thread to remember .
Posted by: ette at January 18, 2013 06:08 PM (nqBYe)
Posted by: JDP at January 18, 2013 06:08 PM (8HhF2)
how the hell are you?
I take it you've woken up from your 4 year fugue state and you're going to pretend you don't remember Choom King spending almost as much as 8 years of Bush in debt in 4 years?
Hats off....
no seriously no matter HOW MANY TIMES I PLAYED THE CLIP OF GIGGLES FOR CHUCK TARD AND ED SCHITZ YOU FUCKS JUST WON'T FACE THE FUCKING NUMBERS.
I salute your self-delusory super powers.
One finger can you guess which?
Posted by: sven10077 at January 18, 2013 06:08 PM (LRFds)
Chuck Hagel was the Senate sponser.
Google "HR 1461 + Office of the President" and you will see a letter from Bush saying he wants to continue subprime housing funding.
Posted by: Herbert Hymenhopper at January 18, 2013 06:08 PM (zkWV6)
Posted by: Herbert Analrupture at January 18, 2013 06:09 PM (dvRYt)
Posted by: Herbert Analrupture at January 18, 2013 06:11 PM (dvRYt)
Google it. I dare you Bush the Lesser fans.
"HR 1461 + Office of the President"
Posted by: Herbert Hymenhopper at January 18, 2013 06:11 PM (zkWV6)
Posted by: Jordan at January 18, 2013 06:12 PM (Hz1zc)
This is now. Choom is spending as if his desire is to deplete the US Treasury (which I think IS his goal).
Any references to what Bush did or didn't do are simply SQUIRREL.
Posted by: Miss Marple at January 18, 2013 06:12 PM (GoIUi)
Posted by: I lurk, therefore I am at January 18, 2013 06:12 PM (+tsoh)
Posted by: Herbert Analrupture at January 18, 2013 06:13 PM (dvRYt)
Posted by: Tuna at January 18, 2013 06:13 PM (M/TDA)
Posted by: ALH at January 18, 2013 06:14 PM (qyvML)
Posted by: Wooga at January 18, 2013 06:15 PM (jgnqm)
i srsly hate the constant chaos, (by design i suspect)
Posted by: ette at January 18, 2013 06:16 PM (nqBYe)
Posted by: Truck Monkey at January 18, 2013 06:16 PM (jucos)
Posted by: Burn the Witch at January 18, 2013 06:17 PM (ROv35)
Posted by: I lurk, therefore I am at January 18, 2013 06:17 PM (+tsoh)
Posted by: eman at January 18, 2013 06:17 PM (tBnjP)
Posted by: Jordan at January 18, 2013 06:18 PM (Hz1zc)
Bush's up until we uh er ah took control of the purse uh 1/4 my rate of uh uh expenditure you know what BINDERS OF WOMEN BINDERS OF WOMEN!
You guys are fucking pathetic.
I mean seriously you guys are saying that a program set up by donks, sued for by Barry is Bush's fault when bush and Clinton tried to defuse the bomb you set?
see you in the funny papers hymenlipper
Posted by: sven10077 at January 18, 2013 06:18 PM (LRFds)
Posted by: dogfish at January 18, 2013 06:18 PM (N2yhW)
That's some pretty convincing socking.
Posted by: YIKES! at January 18, 2013 06:18 PM (mETGQ)
Posted by: The littl shyning man at January 18, 2013 06:19 PM (PH+2B)
Posted by: 'Ette in training at January 18, 2013 10:07 PM (zvxqj)
also blew my mind. I am hoping it is addressed by congress, That is totally inconsistent with being an american as i once knew it to be.
Posted by: ette at January 18, 2013 06:19 PM (nqBYe)
Posted by: Burn the Witch at January 18, 2013 06:20 PM (ROv35)
No pretty sure the flag will either have fewer stars or his face but not be the same.
You assholes are going to try to pretend the 22d ain't there....
you're amazing he will destroy our currency, nuke our military, wreck our status as the petro buck killing billions in shadow budget and you'll clap treating him like a special needs kid calling me racist for holding him to the standards you fuckers set for bush.
I get the game, I guess for form's sake i have to play it.
Posted by: sven10077 at January 18, 2013 06:20 PM (LRFds)
AIG just pulled in a $22 billion profit from a $180 billion 2008 loan. Bank of America paid $5 billion interest.
True, the deficit remains constant at $3.5 trillion dollars per year. A Bush hand me down.
Posted by: Herbert Hymenhopper at January 18, 2013 06:20 PM (zkWV6)
Posted by: Jones in CO at January 18, 2013 06:20 PM (8sCoq)
Posted by: I lurk, therefore I am at January 18, 2013 06:21 PM (+tsoh)
Posted by: Sebastian Melmoth at January 18, 2013 06:21 PM (EjpKz)
Posted by: Herbert Hymenhopper at January 18, 2013 06:21 PM (zkWV6)
Bambi has awoken a scary monster...
a lot of disgusted GOPers who hated how moderate we've been.
Thanks donks.
Posted by: sven10077 at January 18, 2013 06:21 PM (LRFds)
If there's one thing you can trust Clarence to be, it's "entirely full of shit".
Posted by: Waterhouse at January 18, 2013 06:21 PM (ermEp)
Posted by: Clyde Shelton at January 18, 2013 06:22 PM (vUK/h)
Posted by: eman at January 18, 2013 06:22 PM (tBnjP)
Posted by: I lurk, therefore I am at January 18, 2013 06:22 PM (+tsoh)
Posted by: 'Ette in training at January 18, 2013 06:22 PM (zvxqj)
Posted by: Jordan at January 18, 2013 06:23 PM (Hz1zc)
Posted by: President Math at January 18, 2013 06:23 PM (FcR7P)
Sounds like reform to us small gov types.
Posted by: Herbert Hymenhopper at January 18, 2013 06:23 PM (zkWV6)
Posted by: Glaucon at January 18, 2013 06:24 PM (mP9Rx)
show the little bastards the bill for paradise at the start of their senior year, look at the principal and say "everything these people have taught you about our history is probably bullshit and should be studied in books besides ones they give you"
probably can't go too wrong
Posted by: sven10077 at January 18, 2013 06:24 PM (LRFds)
Hmmm....I wonder which will come first.
The addition of quadrillion to the unfunded entitlement lexicon, or the FSA zombie apolcalyse?
I still have my fingers crossed for SMOD.
Posted by: Lurking Canuck at January 18, 2013 06:24 PM (0WLla)
Posted by: Truck Monkey at January 18, 2013 06:25 PM (jucos)
Posted by: I lurk, therefore I am at January 18, 2013 06:25 PM (+tsoh)
Posted by: t-bird at January 18, 2013 06:25 PM (FcR7P)
Posted by: ALH at January 18, 2013 06:25 PM (qyvML)
Posted by: eman at January 18, 2013 06:26 PM (tBnjP)
Posted by: L, elle at January 18, 2013 06:26 PM (0PiQ4)
Posted by: I lurk, therefore I am at January 18, 2013 06:27 PM (+tsoh)
Posted by: 'Ette in training at January 18, 2013 09:51 PM (zvxqj)
Welcome. Always wonderful when someone de-lurks.
Posted by: Polliwog the 'Ette, still a Hobbit at January 18, 2013 06:27 PM (wbeNt)
Posted by: dogfish at January 18, 2013 06:27 PM (N2yhW)
OT/ Just watched National Geographic special about Human origins, kind of interesting but ended with the usual bs -we are the world- all the same malarky.
If we're all the same, why do these crazy bastards want to kill us ?
Posted by: seamrog at January 18, 2013 06:28 PM (06x7v)
Posted by: soothsayer at January 18, 2013 06:29 PM (LVtr+)
Posted by: Peter Pickletickler at January 18, 2013 06:29 PM (jucos)
Posted by: dogfish at January 18, 2013 06:31 PM (N2yhW)
Nah they're getting ready for the real enemy..."us"
Barry dies a little inside very time he has to kill another terr without a court case like they demanded of Bush...
he plans on smiling a LOT more when he can use drone here.
Posted by: sven10077 at January 18, 2013 06:31 PM (LRFds)
Posted by: I lurk, therefore I am (dental hygiene is iimportant) at January 18, 2013 06:32 PM (+tsoh)
Posted by: Herbert Hymenhopper at January 18, 2013 06:32 PM (zkWV6)
Posted by: dogfish at January 18, 2013 06:33 PM (N2yhW)
Posted by: Herbert Analrupture at January 18, 2013 06:34 PM (k80Ik)
Posted by: Princess Angelina Contessa Louisa Francesca...III at January 18, 2013 06:35 PM (Y+woW)
//Barack Obama
"yeah asshole is the Union of Soviet Socialist Republics."
//zombie Atwater
Posted by: sven10077 at January 18, 2013 06:35 PM (LRFds)
Posted by: Jordan at January 18, 2013 06:36 PM (Hz1zc)
Posted by: I lurk, therefore I am (dental hygiene is important) at January 18, 2013 06:37 PM (+tsoh)
Posted by: The Political Hat at January 18, 2013 06:40 PM (Vk2pI)
Posted by: Burn the Witch at January 18, 2013 06:41 PM (ROv35)
Posted by: Burn the Witch at January 18, 2013 06:42 PM (ROv35)
Posted by: Jordan at January 18, 2013 06:44 PM (Hz1zc)
ah I see....so Brown is solid but those bastard republicans that run the Cali legislature are gonna fuck him right?
Oh wait...
Posted by: sven10077 at January 18, 2013 06:47 PM (LRFds)
Posted by: Jordan at January 18, 2013 06:54 PM (Hz1zc)
HAHAHA
"okay"
so long as everything goes just like Moonbeam says and the Cali Donk asses don't spend any new scratch on shit you win.
I'm smiling pretty smugly why is that?
Posted by: sven10077 at January 18, 2013 06:58 PM (LRFds)
Posted by: dissent555 at January 18, 2013 07:07 PM (yR6A1)
Posted by: eman at January 18, 2013 07:15 PM (tBnjP)
Posted by: Burn the Witch at January 18, 2013 07:30 PM (ROv35)
Posted by: Burn the Witch at January 18, 2013 07:33 PM (ROv35)
Which is to say ongoing deficits in the multiple billions from now to as far as the eye can see
Posted by: @PurpAv at January 18, 2013 08:25 PM (3QaxX)
Posted by: 98ZJUSMC Waiting for the Sun at January 18, 2013 08:29 PM (4hTAq)
Posted by: JDP at January 18, 2013 08:33 PM (8HhF2)
Posted by: BeckoningChasm at January 18, 2013 09:32 PM (xjpRj)
Posted by: Malachi45 at January 19, 2013 12:06 AM (hMyoA)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at January 19, 2013 03:39 AM (aTZSK)
Posted by: Craig at January 19, 2013 04:54 AM (hgDrG)
Posted by: Q. at January 19, 2013 05:11 AM (bWZzN)
right around the time you assholes stop demanding we have ten times the responsibilities and need ten thousand times the precision of our enemies I'll agree to massive defense cuts.
There are legions of able bodied people kept from carrying their own weight in the economy because of goddamned minimum wage.
You assholes strangle the goose and then wonder why it is laying subpar eggs.
Posted by: sven10077 at January 19, 2013 06:34 AM (LRFds)
Posted by: palooka at January 19, 2013 07:24 AM (EuoL1)
Posted by: Craig at January 19, 2013 07:34 AM (hgDrG)
Posted by: Craig at January 19, 2013 07:40 AM (hgDrG)
Posted by: Craig at January 19, 2013 07:41 AM (hgDrG)
Posted by: Mary Cloggenstein from Brattleboro, Vermont at January 19, 2013 07:53 AM (nyLnk)
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Posted by: I lurk, therefore I am at January 18, 2013 05:36 PM (+tsoh)