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July 13th, 2011
05:12 PM ET
soundoff (6 Responses)
  1. Larry

    I say who cares what one side of this debt discussion says or the other. This is a very important issue for not only this country, as to how other countries do business with us, but also to wall street and employers in this country. They are both blaming each other. This discussion is so important that it needs to be televised or streamed online so that the whole country and world can see for themselves what is being discussed and who is causing the talks to be at a seeming standstill. Let's get some accountability Washington! If you are really not going with party lines and in the best interest of this country, you should not have anything to hide!!!

    July 14, 2011 at 2:52 am |
  2. John

    Although I might not know all the correct political terms and vocabulary, I do know this...the United States of America is in a real mess, and this mess is NOT because of anything that President Obama did or did not do. I know that this country of ours was in financial destress long before Obama ever took office. The republicans are responsible for this financial crisis of ours, and to think that some people are actually talking/thinking of putting another republican in office...REALLY??
    How can our democratic President ever hope to make any real changes for our Country when he has a republican Congress fighting him every step of the way. Why do we even have a President if Congress won't let him make decisions? Why People??? Afterall...We all know that republicans stand for money(make us more, give us more) and Democrats are for the working men and women, the men and women that make our Country what it TRULY is! The republicans are saying they don't want to raise taxes ...what they are really saying is...It's our money and we are Keeping it!, afterall I bet they wouldn't have a problem taking money from a Democrat now would they which they are obiviously trying to do, they are trying to make the wrong cuts...WAKE UP PEOPLE AND THINK!!!!!!!!!!!

    July 15, 2011 at 4:33 pm |
  3. Stewart J. Lustgarten

    Dear Brooke

    Since I like you so much, here's a scoop right out of Geitner's mouth on CBS which went unoticed.

    What Geitner said before he was shut up was that Obama as a Constitutional lawyer holds the trump card in his back pocket. What that is the the 14th Amendment which essentially states that the Federal governments debt and its pensions shall not be questioned. It further states that it is for Congress to enforce it. But per case law, if the Congress fails to act then it's left up to the President. All Obama has to do is order Benanke to print more money to pay the debt which was authorized with the Budget, last year.

    July 18, 2011 at 4:14 pm |
  4. Michael Harris

    We need to eliminated a debt ceiling. Even Moody agrees. Reagan raised the debt limit 18 times, GWB 7 times. This is all political ploys by the Republicans to make Obama look bad. Their primary goal is to defeat him, even at the expense of the American people. The deficit could be fixed by repealing George W. Bush tax cuts for the wealthy. Every economist I've read or heard say so. My prediction is the American people will vote the Repubs out of power Nov. 2012, because of this non-sense.

    July 20, 2011 at 6:03 am |
  5. Monica

    Everytime a new excuse is given for not compromising , I just want to scream at the TV! In this example, it's the "Health Care Reform cost us a fortune, but it does not work"
    If anyone had checked facts before they create mantra for those who don't understand, perhaps, they would have found this enlighting:
    Today, the CMS Office of the Actuary released its report on how much the United States spends on health care now and in the future. The report shows a 3.9 percent growth in health spending in 2010 – an historic low. Overall Medicare cost growth dropped from 7.9 to 4.5 percent between 2009 and 2010. This slow-down occurred at the same time that many seniors with Medicare received cheaper prescription drugs. According to the report, private health spending has and will continue to be low in the next few years

    July 28, 2011 at 12:29 pm |
  6. FRANK

    A lot of talk about increasing intrest rates, studend loans, mortage rates. new car loans, et. What happens when the Chairman pof the Federal Reserve Bank wants to raise intrest rates at the drop of a hat? Does the world come to an end ?

    July 30, 2011 at 7:00 pm |

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