US debt tops GDP for the first time since 1947.

[Billybob]

Wall street took a big hit today. Atleast Obama can enjoy his B-Day.

And Congress can enjoy their vacation.

Congress Gives America the Finger, Goes on Vacation

http://www.huffingtonpost.com/kelly-moore/congress-gives-america-th_b_918450.html


Congress takes its vacation;
74,000 workers, off the job in FAA impasse, take their lumps

http://fastlane.dot.gov/2011/08/con...-the-job-in-faa-impasse-take-their-lumps.html

 

[Biggsly]

I am waiting for the job numbers to come out tomorrow. Last time he used his "magic job eraser" to make the numbers better. I wonder if they will try it again before long.

 

[RickN]

The Dems reached a deal to put the FAA workers back on the job. They just ignored the waste cutting part of the House bill.

 

[SMS]

The Dems reached a deal to put the FAA workers back on the job. They just ignored the waste cutting part of the House bill.

Friggin Reid could have done that a week and a half ago and saved a lot of families a lot of trouble....now he tries to ride in like a hero. Loser.

 

[RickN]

Friggin Reid could have done that a week and a half ago and saved a lot of families a lot of trouble....now he tries to ride in like a hero. Loser.

Actually it was the transportation Sec that did it. He is the only one with the power to wave the requirement and Reid did not want to touch it since one of the airports getting the subsidies is in NV.

 

[SMS]

Reid had to agree to it...and the facilitate the procedural moves to get it through the Senate. So, yeah he could've proposed this earlier.

 

[Dale00]

Every Oklahoma Representative voted for the debt ceiling increase. I'm sure that they are very proud.

 

[LightningCrash]

Every Oklahoma Representative voted for the debt ceiling increase. I'm sure that they are very proud.

the debt ceiling is a symptom, not the cause

 

[Larry Morgan]

Debt is a drug. Some use it for recreation, some are addicted. Once you are addicted, the only way to continue along with the same high is to keep increasing the dose. Once addicted, you have only two choices: keep using the dose until you simply can't anymore (for whatever reason), or quit and suffer the withdrawals.

America is addicted, and the gov't keeps upping the dose for us. Eventually, someone will force us to quit, or we'll die. Either way it's going to suck.

 

[Biggsly]

Debt is a drug. Some use it for recreation, some are addicted. Once you are addicted, the only way to continue along with the same high is to keep increasing the dose. Once addicted, you have only two choices: keep using the dose until you simply can't anymore (for whatever reason), or quit and suffer the withdrawals.

America is addicted, and the gov't keeps upping the dose for us. Eventually, someone will force us to quit, or we'll die. Either way it's going to suck.

I agree. Like most addicts, you have to hit rock bottom before you make a change.