Comments (21) (Please sign in to comment)

1. 

   ODon said, 5 months ago

   “What we have here is a failure to communicate.”
2. 

   lonecat said, 5 months ago

   What we have here is a failure.
3. 

   dtroutma said, 5 months ago

   Well, he can cut his budget on tanning lotion, save a bunch there.
4. 

   SkepticCal said, 5 months ago

   And Brer Barack pleads, “Please, don’t throw me over dat Fiscal Cliff”.
5. 

   onguard said, 5 months ago

   The Cliff was created by Obama’s signature…..Where is the Leadership?
6. 

   Gypsy8 said, 5 months ago

   Got to give the rich credit, – they’re way smarter than their 97% brethren whom they have convinced to support their accumulation of vast riches, even at the peril of the nation.
7. 

   Radish said, 5 months ago

   @SkepticCal

   But its Boehner’s hands that are covered with tar.
8. 

   Radish said, 5 months ago

   @Gypsy8

   Smart in an evil sort of way.
9. 

   ARodney said, 5 months ago

   It’s really funny seeing a conservative complain about Obama’s “leadership.” Project much? Obama gave a perfectly rational, logical, balanced plan, based on sound economics of what’s good for the country. The GOP panicked and ran around in circles for a month, and now they don’t even know what they would ask for if they could get it.
10. 

    SkepticCal said, 5 months ago

    @Radish

    “But its Boehner’s hands that are covered with tar.”
    .
    That really makes no sense.
11. 

    Bruce4671 said, 5 months ago

    @ARodney

    Really? What is rational, logical or balanced about a plan to spend a trillion dollars over your income level every year?
    
    What sound economic principle plans on increasing debt from 16 trillion to 26 trillion in 10 years?
    
    Go back to sleep Arod……LOL
12. 

    Ms. Ima said, 5 months ago

    Is this why Boehner called for a Sunday summit?
    More leadership than O has ever shown.
13. 

    Radish said, 5 months ago

    @SkepticCal

    You are the one who cited Brer Rabbit.

    The Republicans will be blamed when the country goes over the cliff. Thus Boner will have the tar on his hands.
14. 

    taratus said, 5 months ago

    Look the debt is immaterial. The United States is not a household. As a sovereign nation its debt exists merely to manage the amount of its currency in private circulation. If you want to really understand how things work, visit neweconomicperspectives.org
15. 

    Bruce4671 said, 5 months ago

    @taratus

    Well, you opening statement is fascinating. You do have a point in saying, “..debt exists merely to manage the amount of its currency in private circulation” but IF that is the case THEN the debt does have meaning and does have effect on the economy.
    
    For example, “X” amount of debt requires “Y” amount of currency. At this level a gallon of milk requires “Z” currency.
    
    So then if “X+2” amount of debt requires “Y+2” amount of currency then the gallon of milk to retain the same “value” must also increase to “Z+2”. So the milk then cost more and the debt has driven the value of milk up and now “Z” currency buys less of it.
    
    Yes, the economist manipulate things like interest rates to give the impression that no value is lost. Sooner or later the bubble bursts and the piper must be paid.
    
    So no the DEBT is important.
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