Keep buying the dips, there is a 99.9% chance they raise the debt ceiling by August 2nd, no need to worry as the US will not go into default! Dont listen to the hype, this is a non event that will be taken care of in the next week!
From Sen. Obamaâs Floor Speech, March 20, 2006: The fact that we are here today to debate raising Americaâs debt limit is a sign of leadership failure. It is a sign that the U.S. Government canât pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Governmentâs reckless fiscal policies. ⦠Increasing Americaâs debt weakens us domestically and internationally. Leadership means that âthe buck stops here.â Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
There is one large glaring difference between 1979 and 2011, namely we are the world's largest debtor nation. In 1979, US was still a creditor nation. No wonder Benny(your cash ain't nothing but trash) Bernanke is pacing the floor.
There hasn't been anything meaningful for Obama to be opposed to. GOP owns the House. They don't need Obama or the Senate Dems to establish their own vision for the US and share it with voters. But they continue to not do it, most likely because they know voters are still not ready to accept meaningful cuts in gov't spending. Without GOP or TP showing leadership, Obama wins by default.
Its Funny. When GWBush took power, the US was in a DEEP recession. He could have blamed 9/11 on Clinton's weak handling of the 93 WTC bombing, the Cole's attack, and the bombing of the US embassies in Kenya and Tanzania but he did not. Heck, GWBush even felt that it was beneath the office of the Presidency of the US to defend himself and his administration against smears from the left. . When Reagan and Bill ClintonTook Office, the USA was in a deep hole and non of those president never blamed their predecesor. But Obama have 3 years in power and he still blaming GWBush, Congress and everybody else but himself. How is it that after three years into his administration and another $4T in national debt, he is still blaming Bush and th MSM has yet to hold him accountable?