MitsuStyle - Ted Cruz calls them out on the floor

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Re: Ted Cruz calls them out on the floor

Quote:

Originally Posted by jeremy1375 (Post 457438)

Cruz's aides told him McConnell was lying and he chose to ignore them. He misread the political strategy and then broke senate protocol by calling McConnell out. Instead of owning up to his mistake, he cried like a bitch.

On the issue of the shut down - remember how the U.S. credit rating got hit for playing chicken with a default? Here we go again...

So being directly lied to by your leader about what's in a bill to get your vote is now just "political strategy"?!?!? You sir are what's wrong with this country if you believe that to be acceptable.

"Default"
It's a big "Shell" game just playing with the numbers.
http://cnsnews.com/news/article/us-c...tional-scholar
In realistic fiscal terms, there is no need for the government to default on the debt--by failing to pay the interest it owes on that debt--because onging federal tax revenues far out-strip ongoing interest payments. So far this fiscal year (through July 11), for example, the federal government has brought in $1.647687 trillion in tax revenue, while needing to pay out $150.837 billion in interest on the debt.

Hypothetically, to put itself in a position where it would have defaulted on the interest owed to bond-holders in this fiscal year, the government would have needed to decide to pay almost $1.5 trillion in other expenses first--and thus exhaust federal revenues--before it paid the interest on the debt.

Along with the 14th amendment, several Supreme Court decisions, including in the 1935 case Perry v. United States, have established that Congress cannot renege on its stipulated bond payments, Rivkin said.

Look at what really happened with the last shut down. Nothing that wasn't a show of power by Obama Inc. It was a farce. Those who were told to stay home got full payment after the show was over, so we basically paid for their "bonus" vacations. In hind sight it cost more to put on that circus than it would have to just keep going along as normal.

Re: Ted Cruz calls them out on the floor

Quote:

Originally Posted by jeremy1375 (Post 457438)

"he misread the political strategy" wow....kinda like all of Obummers fuck ups that get swept under the rug. Must be a strategy in there somewhere.

Here lies a problem, everything should be straight forward and not have hidden agenda's. However our political system seems quite the opposite.

Re: Ted Cruz calls them out on the floor

Cruz's aides, who have Washington experience, understood what was going on, but he didn't.... Cruz is a lawyer. Lawyering is all about strategy - so is Washington and just about everyone there is a lawyer.

Accept the reality as it is and stop being pissed off that the imaginary transparent reality doesn't exist.

Quote:

In hind sight it cost more to put on that circus than it would have to just keep going along as normal.

No shit it did. Conservatives using throw away money strategy again on Planned Parenthood.

As far as a default, spending is always higher than incoming tax revenue. The taxes ALL get spent. Debt who's term is up needs to be paid back in full. A June 10 year bond from 2005 needs to be paid back in full June of 2015. It's a continuous cycle. The treasury can only spend what it has. It can't make interest only payments on the billions of dollars in old debt that's due in full each month.

Re: Ted Cruz calls them out on the floor

One plus about Trump is that his presidential run is self-financed - He's the only candidate with the ability to be transparent. The Koch bros shut him out of their i360 data mining program and speaking events. All of the other significant Republican candidates are being financed and groomed by the Koch's.