SWA/AAI SLI agreement in principle.

[Red Baron]

I haven't lost respect for this president, if anything he has gone up points in my book. It's the TEA party fools with their lack of understanding on financial markets and the impact our government has on our well being as a whole that I have lost respect for.

14.5 trillion in debt, SPENDING is the issue, not revenue. I think they have a good understanding.

Sorry, back to previous subject matter.

RB

 

[SkiFishFly]

Spending and baseline budgeting are most definitely the issue! Only in DC could a reduction in the yearly increase in spending be called a cut.

Only a complete idiot would fail to recognize the more "revenue" you give those idiots in DC, the more they spend and then they want more. The over spending has got to be stopped!

The biggest impact the gov could have on our well being is to get their hands out of our pockets and stop wasting money on stupid stuff all the while acting more and more like a nanny telling everyone and every business what they can and can not do.

 

[PCL_128]

Ahh, debating politics. I'm sure that will be a much more friendly conversation than arguing about seniority.

 

[jonjuan]

14.5 trillion in debt, SPENDING is the issue, not revenue. I think they have a good understanding.

Sorry, back to previous subject matter.

RB

Bingo-Check out the 1934 cartoon from the Chicago Tribune. Very foretelling...

http://www.chicagotribune.com/health/sns-pod-1934-cartoon-pic,0,7114709.photo

 

[Flying the Line]

I believe Reagan raised the debt ceiling 18 times.

 

[Lear70]

I believe Reagan raised the debt ceiling 18 times.

Don't let a little thing like "facts" get in the way of a FlightInfo debate...

FWIW, I consider myself a constitutionalist, as both sides of the aisle can't seem to understand the big picture. A mix of big-business tax break cuts combined with curbing spending would "appear" to be an easy compromise to reach. I don't really understand their problem, unless you're a politician working strictly from the standpoint of "I want to get re-elected".

 

[DonVerita]

For life of me, I can't understand how Republican and Tea Party idealogues still, to this day, defend the following:

1. Fat Cat corporate jet tax loopholes.
2. Billions in Hedge Fund Manager salaries and bonues taxed at a lower rate than any of us here on FI pay.
3. Massive taxpayer subsidies for Big Oil and Big Coal.

It is beyond obvious that the Republican Party is in the pockets of, bought and paid for, by Corporate America. The same Republican Party who hates labor unions. Gov. Scott Walker (R) Wisconsin - your day of reckoning with recall is on the horizon. Gov. Kasich (R) Ohio - your Wisconsin copycat anti-union legislation is headed to the voters to repeal. Congratulations, you are now tied for lowest voter approval rating with Tea Party clown Gov. Rick Scott (R) Florida.

As for President Obama, he may not be perfect, but he has done a pretty good job with the cards he inherited from Bush/Cheney. How many job bills have the Republicans introduced in the last 2.5 years? Zero.

Who does the country as a whole trust more - President Obama or the Republican Party? President Obama. Who is the country blameing for the Debt Ceiling fiasco? Republicans; and especially the simplistic Tea Party. Read the polls for yourself, after you take a look at yet another Dow loss for today...compliments of the GOP.

 

[waveflyer]

Wow- my bad on the drift-
Dylan ratigan had a good synopsis critiquing everyone from Clinton to bushW to Obama for getting us here. There is no free money- but one group tends to do better in bubbles.

As for ideology- RB- we spend trillions- well, WHO spent it? Two wars and Medicare part D all from revenues funded from fake prosperity created by deregulating the banking industry. And Obama, instead of reinstituting MEANINGFUL regulation simply doubled down on bad finance policy.
It's the banks, stupid.

All that said- if congress does nothing, and the bush tax cuts expire, we're back in the black in 10 years.

 

[Empennage]

I believe Reagan raised the debt ceiling 18 times.

In 1982 Reagan asked for and signed into law a tax increase designed to pay off the National Debt. In the deal the dems promised to cut $3 in spending for every $1 in tax increases.

What do you think happened? Definitely not a revenue issue.

 

[Quimby]

For life of me, I can't understand how Republican and Tea Party idealogues still, to this day, defend the following:

1. Fat Cat corporate jet tax loopholes.
2. Billions in Hedge Fund Manager salaries and bonues taxed at a lower rate than any of us here on FI pay.
3. Massive taxpayer subsidies for Big Oil and Big Coal.

It is beyond obvious that the Republican Party is in the pockets of, bought and paid for, by Corporate America. The same Republican Party who hates labor unions. Gov. Scott Walker (R) Wisconsin - your day of reckoning with recall is on the horizon. Gov. Kasich (R) Ohio - your Wisconsin copycat anti-union legislation is headed to the voters to repeal. Congratulations, you are now tied for lowest voter approval rating with Tea Party clown Gov. Rick Scott (R) Florida.

As for President Obama, he may not be perfect, but he has done a pretty good job with the cards he inherited from Bush/Cheney. How many job bills have the Republicans introduced in the last 2.5 years? Zero.

Who does the country as a whole trust more - President Obama or the Republican Party? President Obama. Who is the country blameing for the Debt Ceiling fiasco? Republicans; and especially the simplistic Tea Party. Read the polls for yourself, after you take a look at yet another Dow loss for today...compliments of the GOP.

Both parties are bought and paid for by corporations & lobbyists.

Please take the blinders off.