Debt limit controversy

More bullshit cooked up by our supposedly feuding politicians,who remind me a lot of lawyers who put on a big show in court "fighting for" their clients,only to go out to lunch together & laugh over their $35 dollar martinis. There's no "debt ceiling", there never has been. When their corporate masters want a war to rake in profits from,we have a bloody fucking war. When people cry about the infrastructure or healthcare, we're suddenly piss poor. When will people GET IT ? Money is a symbol,it represents whatever everyone agrees it does. Try eating it or drinking it if shit ever REALLY falls apart.

A manufactured controversy designed by both parties to slash social spending. We have seen a political uproar over this, which stems from a statute that is unique to the United States: the debt ceiling. It was passed back in 1917, as part of Woodrow Wilson's monetary reforms, which included the passage of an income tax and the Federal Reserve Act, which consolidated control of the nations currency in the hands of the oligarchical House of Morgan (now JP Morgan Chase Bank). All of this was designed to begin the transition of this country from a constitutional Republic towards Empire fueled by excessive debt, war and the mass expansion of markets for domestic conglomerates outside the US proper. During this same period, we became embroiled in European politics by our entrance into the First World War. I think it's important first to understand the process first. The debt ceiling act has been revised multiple times and it imposes a dollar limit on debt issuance's. The same Congres... Read more

UPDATED 7/31/11: We hear of a deal, and the left is having apoplexy if reading The Daily Kos is any guide. Where are the new taxes, they wail. What is hilarious about the whole incident is how appalled the membership of the lefto looney "progressive" wing of the Democrats appears to be that a large chunk of the voting populace does not love government as much as they. What really has that group dumb-struck is that another large chunk of the voting populace does not care if the government continues in its present form and with its present means.Barack Hussein doesn't know if he is afoot or on horseback, so he is providing no help.Tax and spend has hit a temporary roadblock, but a permanent stoppage of that ideology will probably not happen. The water in the whirlpool in the drain keeps turning faster and faster.ORIGINAL COMMENT 7/19/11: Barack Hussein is way over his head and the debt limit struggle illustrates this point. The old days and the old ways are probably seriously dead... Read more

An unnecessary mess created by the Guardians Of Privilege, encouraged by deranged teabaggers. The greedheads won't be satisfied until they've managed to get your Social Security. http://www.huffingtonpost.com/2011/07/29/john-boehner-debt-ceiling-bill-vote_n_913723.html

Wake up and smell the gridlock, America. Both sides are willing to not make a deal and blame on the other party when they can't come to an agreement about what to do.

How the plutocracy is screwing us over: http://www.nytimes.com/2011/07/29/opinion/krugman-the-centrist-cop-out.html

This is an extremely important issue that will effect millions, especially the elderly and veterans. I wish they would stop this pissing contest and work out a deal!!! Unbelievable!!!

The country is bankrupt, default will happen one way or other. Democrats in Government are fucked up if they really believe they can spend their way out of debt.

Typically Congress is worrying about the problem after the money has been spent.

Seeing as how most of Congress doesn't even know what a debt ceiling is......Obama should just do the opposite of what he really wants to do, so Republicans can disagree with that, and then maybe there will be some progress.

I think it should be raised along with taxes. After all is it more than just a piece of paper that can easily be printed up by the Federal reserve? Raising of taxes doesn't effect me, it effects the more wealthy folks"job creators" lol... So I'm for it. At the same time though I won't be sitting around worrying about it or holding my breath for great change to come about.