Friday, September 13, 2013

70% of Americans oppose raising the US Budget Debt Ceiling

[Be sure to read the last comment below]

Santelli Rants Against The Intellectual Arrogance Of The "Intellectuals"

Tyler Durden's picture

Fri, 09/13/2013 - 15:52 | 3956154 BandGap
BandGap's picture

I used to be him, he needs to accept that he is one of those that can see the meteor heading this way. No use screaming, just prepare and let it happen.
Fri, 09/13/2013 - 15:53 | 3956161 Pladizow
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If Pro is the opposite of Con, then what is the opposite of Progress?
Fri, 09/13/2013 - 15:53 | 3956168 knukles
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Fri, 09/13/2013 - 16:00 | 3956199 ratso
ratso's picture
Santelli is just an anti-intellectual dufus with a platform to spout his nonsense.
Fri, 09/13/2013 - 16:03 | 3956221 King_of_simpletons
King_of_simpletons's picture
....And the American people are not going to get "it" from any congress, not just the current one.
Fri, 09/13/2013 - 17:46 | 3956585 Stackers
Stackers's picture
It's not complicated.

Most people just have not had the system as a whole explained to them ...... on purpose.

For as Mr. Henry Ford said:
"It is good that the general public does not understand our banking and money system, for if they did I believe there would be revolution in the streets before morning" (or something similar)
Fri, 09/13/2013 - 18:04 | 3956645 MeMadMax
MeMadMax's picture
Don't Shoot! Let it burn!


17 Trillion of debt, and no way it's gonna stop growing, or go away, without reversing a hundred years worth' of a flawed banking system and social programs...

Just enjoy the time we have now before the SHTF for real.
Fri, 09/13/2013 - 16:15 | 3956264 Ignatius
Ignatius's picture
-9 was me, ratso, I love piling on.
Fri, 09/13/2013 - 16:47 | 3956386 angel_of_joy
angel_of_joy's picture
-35 now ! You're quite a collector...
Glad I could help.
Fri, 09/13/2013 - 17:09 | 3956468 moneybots
moneybots's picture
"Santelli is just an anti-intellectual dufus with a platform to spout his nonsense."

The dufuses are the intellectuals.

1.  you can't get out of a hole by digging it deeper
2.  you can't spend your way out of debt by borrowing more money.
Fri, 09/13/2013 - 18:44 | 3956765 Blankenstein
Blankenstein's picture
projection ....
Fri, 09/13/2013 - 15:54 | 3956175 AlaricBalth
AlaricBalth's picture
We must raise the debt ceiling. Please. Think about the children.
Fri, 09/13/2013 - 15:57 | 3956183 Pladizow
Pladizow's picture
Considering your comment, one of the eyes on your smiley face is the wrong type.
Fri, 09/13/2013 - 16:01 | 3956206 centerline
centerline's picture
Half asian?
Fri, 09/13/2013 - 16:14 | 3956223 TruthInSunshine
TruthInSunshine's picture
It looks like Obama is going to back down on the press for the rise in the debt ceiling...
President Barack Obama: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."
oooops, my bad....That was Senator Obama voting against raising the debt ceiling in 2006, when the *official* National Debt was 10 trillion USD LESS.
My bad...

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