TPTB really pushing for raising the debt ceiling

[FreedomProsperityPeace]

The Powers That Be are launching a full-out scare campaign, virtually predicting the end of the world if the debt ceiling isn't raised come mid-May. :rolleyes:


Chris Wallace kept badgering Michele Bachmann about her opposition to it this morning on Fox News Sunday: http://video.foxnews.com/#/v/4671487/rep-bachmann-talks-debt-ceiling-debate/?playlist_id=164000


Later, Fox had some "expert" talking about it on Fox Report, citing Warren Buffett's comments:



Buffett: Failure to raise debt ceiling "asinine"
Sat Apr 30, 3:49 pm ET

OMAHA, Nebraska (Reuters) – Warren Buffett said he expects the Congress to raise the nation's debt ceiling before it expires in mid-May, and said it would be that body's "most asinine act" ever if it failed.

http://news.yahoo.com/s/nm/20110430/bs_nm/us_berkshire_debt_1

[lynnf]

The Powers That Be are launching a full-out scare campaign, virtually predicting the end of the world if the debt ceiling isn't raised come mid-May. :rolleyes:


Chris Wallace kept badgering Michele Bachmann about her opposition to it this morning on Fox News Sunday: http://video.foxnews.com/#/v/4671487/rep-bachmann-talks-debt-ceiling-debate/?playlist_id=164000


Later, Fox had some "expert" talking about it on Fox Report, citing Warren Buffett's comments:



Buffett: Failure to raise debt ceiling "asinine"
Sat Apr 30, 3:49 pm ET

OMAHA, Nebraska (Reuters) – Warren Buffett said he expects the Congress to raise the nation's debt ceiling before it expires in mid-May, and said it would be that body's "most asinine act" ever if it failed.

http://news.yahoo.com/s/nm/20110430/bs_nm/us_berkshire_debt_1

that's because they know what deep doo-doo they are in. I have no doubt that they will twist arms, bribe, cajole, threaten, and place dead horse's heads (see the Godfather) until they get it. but even the appearance of opposition to it makes them look bad.

[WilliamC]

Great, let all those in favor of raising the debt ceiling pay for it themselves with their money.

Don't ask me, my children, and their potential grandchildren to pay for it though.

They're all liars anyway, the world won't end if the US doesn't add another trillion or two in debt.

[t0rnado]

Speaking on Saturday at Berkshire Hathaway's (BRKa.N) annual shareholder meeting in Omaha, Nebraska, Buffett said imposing a debt ceiling was a mistake in the first place.

People tend to fall for the logical fallacy that just because someone who is wealthy states something, it must be true. Buffett also has this to say about the gold standard:


It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

This just goes to show that Buffett is just an idiot who got lucky.

[NewRightLibertarian]

No shit. They want to be able to spend more money. This system has been very beneficial to Buffett, and he wants the easy money to keep flowing around so he can keep his influence and prestige.

[doodle]

Freedom Prosperity Peace, cool name.

[awake]

The government is nothing more than a gigantic welfare office. It is sufice to say that this institution will have nothing short of the 2nd, 3rd, and 4th generation welfare recipients en mass to keep its doors wide open and plundering in full fashion.

[Travlyr]

that's because they know what deep doo-doo they are in.

Deep doo-doo for sure,

Vieira: It’s important to recognize that Professor Kotlikoff is an established economist whose work appears in what many would call “the mainstream media.” He’s not someone who could be readily discounted as an extremist, a kook, or some other nasty name designed to discredit his opinion. A few months ago, in his blog, he revised those 2006 figures from information supplied by a variety of sources and he now claims that the fiscal gap — the shortfall between the government’s revenues and expenditures — has reached over $200 trillion. So it’s tripled in less than 5 years! It’s gone from being politically impossible to deal with in 2006 to a much larger figure today. And, of course, Professor Kotlikoff is not the only economist or market analyst who is making extremely pessimistic predictions about this country’s financial future.

http://thenewamerican.com/economy/commentary-mainmenu-43/7258-mending-our-monetary-maladies

[FreedomProsperityPeace]

Freedom Prosperity Peace, cool name.Thank you. :)

[AuH20]

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