Kaptur votes to raise debt limit - will soon commence complaining about foreigners owning too much American debt

Thankfully the Atlanta Journal Constitution has a habit of printing votes on major issues that come up before Congress. Well, we now know Kaptur voted yes to raise the debt limit. That would not be notable if Marcy was not going around complaining foreign entities own too much American debt. Truly a hypocrite.
======
Roll Call: House agrees to $1.9 trillion more debt
Democrats — Boccieri, N; Driehaus, N; Fudge, Y; Kaptur, Y; Kilroy, Y; Kucinich, Y; Ryan, Y; Space, N; Sutton, Y; Wilson, Y.

No votes yet

This article in The Atlantic casts a different light, http://business.theatlantic.com/2010/02/debt_ceiling_vote_is_a_parade_of...

Hopefully, the Republican Party will be the party that ends Medicare. If we got rid of Social Security and Medicare we would not need to raise the debt ceiling. These entitlements are just adding a few years at the end of life. They certainly improve the quality of life of those in the medical sector of the economy, but take away from the rest of us.

Old South End Broadway

Should give up their life so I can buy more toys.

Chris, I think you need to refer to your Econ 101 book. Foreign ownership of US assets is due to the trade deficit, NOT the budget deficit.

Pink Slip

uh here is your Econ 101 lesson:

http://www.cnbc.com/id/29880401?slide=1

Marcy should also look at that before she votes to raise the debt ceiling and then complain about foreigners owning our debt.

You are welcome Pink Slip.

Those are pretty pictures, but I think you need to refer to your Econ 101 book. Foreign ownership of US assets is due to the trade deficit, NOT the budget deficit.

Here are a couple of articles that may help:

http://money.cnn.com/2008/01/30/news/economy/Colvin_recession.fortune/in...

http://www.pbs.org/newshour/businessdesk/2009/03/why-is-the-trade-defici...

Pink Slip

Think of it this way. If our debt was zero, there would still be the issue of foreign ownership of US assets--due to the trade deficit.

Pink Slip

Arthur Betz Laffer is an American "supply-side" economist who became influential during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981-1989). Laffer is also known for the Laffer curve, an illustration of tax elasticity which asserts that, in certain situations, a decrease in tax rates could result in an increase in tax revenues. That said watch this video

Republican economic theory up in flames!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

...doing. This fellow seems to have been wrong more often than right. Is he even in the investment business anymore?

Old South End Broadway

If the Republicans were really interested in starting to the fix the deficit they they'd be for implementing pay-as-you-go rules (PAYGO) which essentially says that all spending increases will be offset by either spending cuts or tax increases.

Why did all the supposed deficit hawks in the senate vote against it. Could it be that they’re actually deficit peacocks, who “like to preen and call attention to themselves, but are not sincerely interested” in addressing deficits?

Wow

Wow there is a lot of complaints about the GOP on here. I wonder what would happen if Dems controlled all three of the elected houses and positions of our gov't?

MikeyA

This is the worst "do nothing" administration and congress in history. Just ask the people who COULD NOT WAIT to vote them in-they haven't gotten a dime yet for their efforts, and won't, either.

I didn't vote for Obama looking for money, but I guess I know what it takes to get your vote.

As for do nothing. It's hard to get anything done when EVERYTHING gets filibustered.

Please. For the first three months of the administration the Republicans were essentially too weak to do anything.

It wasn't until May (ironically when we were told the recession was over and depression averted) when after the Buyout of GM and Italian Chrysler did we see a shift begin to take place. About the same time they took on healthcare which further pissed off the public.

Now the paradigm has changed. Despite the majorities the Republicans have the power because they have the support of the people and it's been verified in 3 statewide elections, 2 of which in "Blue" states.

For all the Dems losses they still refer to the Tea partiers as "Teabaggers" and even the farthest left can see this as an insult. So I say go ahead and keep insulting the Tea Partiers. You're just making a Republican takeover of both Houses of Congress more and more likely.

Remember I said on here healthcare was a mistake for the President to take on. I said it would neuter his presidency. It is and will.

MikeyA

Sadly, Obama spent the first 3 months trying to work with Republicans. They had all sort of input into the stimulus package and then turn around and voted against it. As much as the Republicans bitch and moan about it on the TV, they love it back it their home states and districts where they puff up their chests at their ability to bring home money to save jobs.

What do Republicans even stand for anymore? Even ideas that they very recently endorsed are cast to the side if Obama even hints at agreement. Republicans are now voting against the bills they once sponsored because Obama likes their ideas.

http://politicalwire.com/archives/2010/01/27/six_republicans_vote_agains...

http://thinkprogress.org/2010/01/28/senate-gop-paygo/

http://crooksandliars.com/john-amato/mark-sanford-now-begs-stimulus-mone...

The Tea Party movement has taken on a mind of its own, much to the dislike of the neo-cons. You have Tea Partiers calling out Ron Paul for being too liberal and they’re calling out Fox News for being partial owned by a Saudi prince who openly brags about having Fox News change their stories when he asks. The Republicans are riding the Tiger; you may get short term gains, but when the crazies get some real power, watch out.

As for using the word Teabagger? Do you prefer the term Birther?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.