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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (438307)	8/1/2011 2:05:43 AM
From: Nadine Carroll	20 Recommendations Respond to of 794009

Here are the Rubio quotes which I believe will be remembered: "“I do not understand how an issue of this magnitude, of generational importance, the President of the United States has not offered a plan. If someone has seen the president's plan, please send it to me because no one else has seen it. It does not exist. “So this has been the plan all along, by the way. The plan all along was not to take a position, to let the days count down until we got to this point with 72 hours to go and then force a vote on something that they wanted. I believe that that has been the plan the entire time. And you can see it carrying itself out. “You want to know why people all across America get grossed out about politics? It’s by watching this kind of stuff happen." and "“I would love nothing more than compromise. But I would say to you that compromise that's not a solution is a waste of time. “If my house was on fire, I can't compromise about which part of the house I'm going to save. You save the whole house or it will all burn down. “We either save this country or we do not. “And to save it, we must seek solutions.” These quotes will resonate on Youtube and in 2012 because they are the core Tea Party beliefs, not just Marco Rubio's personal posturing: that we are facing real fiscal catastrophe if we do not begin NOW to turn things around and put ourselves on a path to reducing the deficit - which btw Rubio said nothing about ending immediately. But he wants real cuts, not more fake DC flim-flammery where smaller increases are called cuts. Did you know if somehow the Federal Budget was frozen at its current bloated $4 Trillion level, the CBO would score the freeze as a $9 Trillion cut over 10 years? That is how big an increase is built into the baseline! I sure hope Marco Rubio is the VP candidate in 2012.

To: Sr K who wrote (438307)	8/1/2011 3:22:37 AM
From: unclewest	29 Recommendations Read Replies (2) \| Respond to of 794009

And as an a aside, when IBM borrows money in the debt markets, does anyone on this thread think that they are borrowing from future (or even current) customers, or from "future generations" of customers? Of course not. They borrow in the debt markets because it reduces their cost of equity capital. They choose to leverage their balance sheet to increase returns to equity holders including buying back equity before they otherwise would have the cash to do so. The United States also borrows in the debt markets based on its cash flow. The difference is - IBM invests its borrowings to make even more money than the principle it repays and the interest it pays. The United States pisses its borrowings away and has nothing left but a need to borrow more money to pay for debt service on the money they already wasted. Debt service here means interest only. The principle is never reduced only increased. And every future borrowed increase in principle is pissed away too. Borrowing money is not a bottomless pit. It definitely has a bottom. Ask anyone who has been bankrupt. You think the United States borrows against cash flow - What cash flow? 41% of the government's cash flow is borrowed money. The recipients of our government's largesse piss it away too with the sure knowledge we will borrow more money to give them next month. Unlike IBM there is no profit motive anywhere in this scenario.