Virgil Showlion
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Post by Virgil Showlion on Dec 5, 2012 13:42:25 GMT -5
Place: Senate Floor Speech: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. Who said it (no Googling)? Bonus karma if you can point out the colossal irony of the statement.
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vandalshandle
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Post by vandalshandle on Dec 5, 2012 13:47:57 GMT -5
Well, Virgil, that is kind of a hard puzzle, being as there is nobody in the entire country who thinks that being in debt is a GOOD thing!
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kittensaver
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Post by kittensaver on Dec 5, 2012 13:51:16 GMT -5
If this is indeed irony, then - - Obama?
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mmhmm
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Post by mmhmm on Dec 5, 2012 13:51:49 GMT -5
I know who said it; however, I refuse to get into the finger-pointing and denigration. Not worth my time.
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Virgil Showlion
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Post by Virgil Showlion on Dec 5, 2012 13:57:21 GMT -5
I know who said it; however, I refuse to get into the finger-pointing and denigration. Not worth my time. Who said anything about finger-pointing? I was more wondering whatever happened to this individual? Somebody willing to stand out and recognize failure. Enumerate the consequences. Demand change. I put this question up here because they presented the same speech and asked the same question on ZH, and the answer shocked me.
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Tennesseer
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Post by Tennesseer on Dec 5, 2012 14:02:57 GMT -5
I know who said it; however, I refuse to get into the finger-pointing and denigration. Not worth my time. Who said anything about finger-pointing? I was more wondering whatever happened to this individual? Somebody willing to stand out and recognize failure. Enumerate the consequences. Demand change. I put this question up here because they presented the same speech and asked the same question on ZH, and the answer shocked me. From 2011: www.snopes.com/politics/obama/debtlimit.asp
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rockon
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Post by rockon on Dec 5, 2012 15:10:28 GMT -5
But.... Bush made him do it right?
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rockon
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Post by rockon on Dec 5, 2012 15:11:12 GMT -5
Amazing how many become opposed to finger pointing when it don't fit their agenda!
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TonyTiger
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Post by TonyTiger on Dec 5, 2012 15:19:43 GMT -5
No Googling... no looking ahead at the other posts... given the OP's focus upon the ironic nature of the thing... I'm guessing Obumblë...
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Politically_Incorrect12
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Post by Politically_Incorrect12 on Dec 5, 2012 15:37:11 GMT -5
But, but, but I thought only Republicans "flip-flopped." ![](http://syonidv.hodginsmedia.com/vsmileys/sarcasm.png)
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Deleted
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Post by Deleted on Dec 5, 2012 15:38:45 GMT -5
Democrats don't flip flop. They update their decision making process based on new information.
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rockon
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Post by rockon on Dec 5, 2012 15:45:13 GMT -5
I like that!
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cme1201
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Post by cme1201 on Dec 5, 2012 15:52:33 GMT -5
Obama said it when he opposed the Request from Bush to raise the debt ceiling. Now he has stated that it was a mistake to make that speech and wishes he understood the situation that Bush was in when he made this speech.
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rockon
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Post by rockon on Dec 5, 2012 15:56:15 GMT -5
Of course he does. The problem? He was right then and wrong now!
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Politically_Incorrect12
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Post by Politically_Incorrect12 on Dec 5, 2012 16:12:51 GMT -5
Democrats don't flip flop. They update their decision making process based on new information. I got a laugh out of that one. I do think the term "flip flop" is thrown around too much in politics. People are allowed change their mind on issues. People are allowed to think some things are acceptable at state levels and not at the federal level, and vise versa. Of course when you spend your whole campaign blasting a previous President and talking about how you are different, and then come out and say "Whoops, I didn't know everything, and he did make the right call in that situation," it is bound to come back on you. Of course with all the talk of Romney flip-flopping, I'm surprised I didn't hear more examples of this during the election.
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TonyTiger
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Post by TonyTiger on Dec 5, 2012 16:16:05 GMT -5
I guess throwing rocks from the cheap-seats is a little easier than having to deal with it and lead, yourself, eh? What a revelation for Fearless Leader... ![:-/](//storage.proboards.com/forum/images/smiley/undecided.png)
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Deleted
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Post by Deleted on Dec 5, 2012 16:29:21 GMT -5
Too easy. Obama.
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damnotagain
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Post by damnotagain on Dec 5, 2012 16:35:50 GMT -5
Place: Senate Floor Speech: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. Who said it (no Googling)? Bonus karma if you can point out the colossal irony of the statement. Going for the bonus . Ironic or just plain sick. The amount of interest paid on the rising debt has doubled in the last six years to over 454 billion a year.
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rockon
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Post by rockon on Dec 5, 2012 16:47:56 GMT -5
How many teachers, policeman, fireman, construction workers, clunkers, IRS agents, bridges would that hire or buy? At a hundred grand each per year it would be 4million,540thousand of them each year? Can that be right?
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jkapp
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Post by jkapp on Dec 5, 2012 17:40:15 GMT -5
This I know was Obama, I remember this being played back a couple of years ago. From Obama's own words: -Raising the debt ceiling is a sign of poor leadership and -Trillion dollar deficits are anti-american So, according to Obama, using his own words, he is a poor leader and anti-american. And I agree ![;)](//storage.proboards.com/forum/images/smiley/wink.png)
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Virgil Showlion
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Post by Virgil Showlion on Dec 5, 2012 19:08:50 GMT -5
Of course he does. The problem? He was right then and wrong now! This is my thinking exactly. He's regressed somehow. He changed from the idealistic young(er) senator raging against an exploding public debt to the very agent he was raging against. He was right then. The speech in the OP was right on the money. I don't care whether he was towing the party line at the time, or he was grandstanding, or if he had some ulterior motive for saying it. He was right then; he's wrong now.
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Post by BeenThere...DoneThat... on Dec 5, 2012 19:11:39 GMT -5
...Sen. 0bama... ![;)](//storage.proboards.com/forum/images/smiley/wink.png)
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Post by BeenThere...DoneThat... on Dec 5, 2012 19:12:57 GMT -5
This I know was Obama, I remember this being played back a couple of years ago. From Obama's own words: -Raising the debt ceiling is a sign of poor leadership and -Trillion dollar deficits are anti-american So, according to Obama, using his own words, he is a poor leader and anti-american. And I agree ![;)](//storage.proboards.com/forum/images/smiley/wink.png) ...me, too... ;D
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djAdvocate
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Post by djAdvocate on Dec 5, 2012 20:59:38 GMT -5
Place: Senate Floor Speech: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.”
i got this far and i say Barack Hussein Obama.
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djAdvocate
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Post by djAdvocate on Dec 5, 2012 21:12:53 GMT -5
Virgil- your turn- WHO SAID IT:
"A society in which liberal principles are put into effect is usually called a capitalist society, and the condition of that society, capitalism. Since the economic policy of liberalism has everywhere been only more or less closely approximated in practice, conditions as they are in the world today provide us with but an imperfect idea of the meaning and possible accomplishments of capitalism in full flower. Nevertheless, one is altogether justified in calling our age the age of capitalism, because all that has created the wealth of our time can be traced back to capitalist institutions. It is thanks to those liberal ideas that still remain alive in our society, to what yet survives in it of the capitalist system, that the great mass of our contemporaries can enjoy a standard of living far above that which just a few generations ago was possible only to the rich and especially privileged."
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Virgil Showlion
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Post by Virgil Showlion on Dec 5, 2012 22:30:31 GMT -5
If it wasn't written in modern English, I would expect Smith.
Definitely not Keynes. He considered capitalism little better than a necessary evil. Although I suppose he could have paid lip service to it once or twice.
The quote seems familiar. Reagan? Friedman?
Since this is a thread about Pres. Obama, I'll go with "Sen. Obama".
Now to Google the answer...
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djAdvocate
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Post by djAdvocate on Dec 5, 2012 22:46:30 GMT -5
If it wasn't written in modern English, I would expect Smith. Definitely not Keynes. He considered capitalism little better than a necessary evil. Although I suppose he could have paid lip service to it once or twice. The quote seems familiar. Reagan? Friedman? Since this is a thread about Pres. Obama, I'll go with "Sen. Obama". Now to Google the answer... nah. but it is modern, as you surmised. modern, meaning "in our lifetimes".
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Virgil Showlion
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Post by Virgil Showlion on Dec 5, 2012 23:05:21 GMT -5
von Mises. It's consistent with what I know about him, but I wouldn't have guessed. ![:P](//storage.proboards.com/forum/images/smiley/tongue.png)
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djAdvocate
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Post by djAdvocate on Dec 5, 2012 23:10:37 GMT -5
von Mises. It's consistent with what I know about him, but I wouldn't have guessed. ![:P](//storage.proboards.com/forum/images/smiley/tongue.png) i think it is very interesting that he didn't bother to couch the term LIBERAL. he didn't say "classical liberal", he didn't say "historical liberal", he said LIBERAL. and this is from one of the giants of 20th century economics. a man of equal stature to anyone i can think of in that field in the last 100 years.
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Post by jkapp on Dec 6, 2012 9:35:13 GMT -5
von Mises. It's consistent with what I know about him, but I wouldn't have guessed. ![:P](//storage.proboards.com/forum/images/smiley/tongue.png) i think it is very interesting that he didn't bother to couch the term LIBERAL. he didn't say "classical liberal", he didn't say "historical liberal", he said LIBERAL. and this is from one of the giants of 20th century economics. a man of equal stature to anyone i can think of in that field in the last 100 years. But he didn't say Progressive liberals, who have nothing in common with the term liberal except when it comes to their own ideological beliefs. If there's something they're for or against, they have no qualms with suppressing others' freedoms.
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