The American Spectator

Itsa Boutime| 7.22.11 @ 7:16PM

Excellent. The "Obama Crash of 2012" starts tomorrow, crushing IRAs and 401ks and shocking people into finally paying attention. Moody's should drop the US treasury debt rating and that will have a cascading effect. We'll head into the election season with so much pain that people will be ready for new leadership.

Mike| 7.22.11 @ 8:28PM

The TEA Party is responsible, asshole.

beebop| 7.23.11 @ 5:10AM

Who is president? Who is the majority leader in the Senate? Seriously. You people suffer from "only child" syndrome ... always looking for someone to put the blame on and never once confronting the culprit in the mirror! Lots of luck convincing people that anyone other than the Wizard of 0bama is responsible for this .... you know, the "smartest" guy in the room!

Clint| 7.22.11 @ 7:20PM

Dr.Ron Paul,
"The debt ceiling law, passed in 1917, enables Congress to place a statutory cap on the total amount of government debt rather than having to approve each individual Treasury bond offering. It also, however, forces Congress into an open and presumably somewhat shameful vote to approve more borrowing. If the new Republican majority in the House of Representatives gives in to establishment pressure by voting to increase the debt ceiling once again, you will know that the status quo has prevailed. You will know that the simple notion of balancing the budget, by limiting federal spending to federal revenue, remains a shallow and laughable campaign platitude."

The Tea Party Rebellion Escalates.

Rise Up.

Mike| 7.22.11 @ 8:27PM

Fuck you, TEA Party traitors

beebop| 7.23.11 @ 5:12AM

You are allowed to post here without (more or less) fear of having your comments removed and/or piled on -- unlike the Huffington Post and Daily Kos. Respect those here. Or? Better idea? GO!

Clint| 7.23.11 @ 9:18AM

Uh Oh !
Micky, You Seem So Angst Ridden With We Tea Party Patriots.

Was It Something We Said, Cupcake ?

Hmmmmm ?

The Tea Party Steps On Micky's Face.

Wipe Your Feet.

Mike 3/505| 7.22.11 @ 8:35PM

The reason the ratings are tanking is NOT failure to raise the debt ceiling, but rather a lack of confidence in how we manage money...to wit...we keep trying to go deeper into debt. You wish to fix/keep a good credit rating? Pay off some debt!

Mike| 7.22.11 @ 8:47PM

Right! And it might just take some revenue to do that. But the TEA Party Traitors aren't willing to kick in a penny. Patriots? No, selfish assholes.

beebop| 7.23.11 @ 5:15AM

Teenage Mike:

Taxes are not paid by ever American (or even by every company that austensibly calls itself "American"). Those of us who OPPOSE taxes without significant cuts across the Department of Education, Department of "Energy," Health and Inhumane Services, Department of Transportation ...... the list is without end .... are in the majority here in America. God only knows where it is you are located. And another thing? When are those deadbeats who pull a USGovernment paycheck going to pay their taxes? Unpaid at a current ONE BILLION?

Lots of luck after the revolution, my ditzy friend.

Clint| 7.23.11 @ 7:59PM

Wrong Asshat ObamaBoy.

" If the debt ceiling is not increased, the Treasury can prioritize interest and debt payment to avoid a default and essentially put the government on a stringent pay-as-you-go basis. Would that involve extreme cuts in government spending? Certainly. But it could be done, if it had to.

Let's remember that the Treasury still rakes in quite a bit of money in revenues — it took in $604 billion (seasonally adjusted) in the third quarter of 2010. In FY 2010 the annual debt service was some $414 billion, working out to an average of about $104 billion per quarter. Although the numbers won't be quite the same going forward, the debt service will soak up only about one-sixth of the incoming revenues."

Get Bent Obama Tax SlaveBoy.

Gigi| 7.23.11 @ 12:30AM

Hey, if I was a rigid marxist dead-set on destroying free market capitalism in the USA, I'd like McConnell's deal too. McConnell's proposal effectively is congress abdicating its power over the budget, handing it all over to the "Comrade." Such a deal!

And then what happens to the USA?

Mimi| 7.23.11 @ 7:59AM

Democratic Senators must be alerted to SIGN on to Yestedays legislation " TABLED" by Harry Reed...Cut Cap and BALANCE! If only 3-4 supported it, they would save the country!
It is now being said it is the ONLY viable plan...
VOTED on and passed in the HOUSE...and READY to GO in time before the deadline of August 3rd.

Mimi| 7.23.11 @ 7:42AM

Liberals, make up 20% of the electorate. We have a President who is a Liberal ! This strange anomaly is a 1st. in the USA.
The 20 percenter is ruling the 80%....
This happened because the country was decieved into thinking "O" could represent all of us...this turned very quickly not to be TRUE !!! Will we be fooled again? NO!
In 2013 with a President of ALL the people, we can clean up and undo the lefts destruction!
All this chaos is necessary... It is the WRENCHING and FURY of the AMERICAN SPIRIT fighting to remain FREE. Soon we will dust the hellish , controlling, harmful Left off.
We will forever, after this nightmare be VIGILANT and more careful...The present group of candidates take NOTICE.....Be above all else..TRUTHFUL,Open and No GAMES !!!

Oldefarte| 7.23.11 @ 1:54PM

Mikey Poo: 'kick in a penny'? Moron, the taxpayers of this country have been KICKING IN A PENNY for my whole lifetime to your WELFARE INDIGENTS THAT ARE TOO LAZY, TOO STUPID ETC TO WORK AND EARN THEIR OWN FINANCIAL LIVING. You stupidly referring to a PENNY what actually is $trillions of wasted governmental spending. Take your 'penny' and give it to Putin, Hugo or Fidel!!!!