Comments on: On debt ceilings and conforming loan caps http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/ Wed, 16 Jul 2014 00:47:01 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: byrnie http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-974 Wed, 13 Jul 2011 15:18:54 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-974 I cannot believe that Obama, the man that is suppose to protect the American people is now using scare tactics and threating the American people with their social security checks. You go right ahead and do this and watch we the people go absolutely crazy. How dare you use scare tactics and threaten with social security. Your trying to shove what you want down our throats just like you did with medical reform. We need some reform alright within our government starting with you,Obama. Threatening U.S. American forces with their checks. That looks real good while Michelle is on her little campaign to help them.I find it an outrage for you to even say such a thing. The money is there for s.s. myself and everyone I have spoken with are highly ticked off at your statement. You need to raise taxes on the rich like you promised to do. If you would have done this right off the bat I’m sure it would have helped to keep our debt down. You have done nothing but drive this country further in debt and know you want to make the American people pay for it. You are like a spoiled little child. My way or the highway. You are the one who is not willing to compromise. You better think long and hard before you even think about spewing those words out of your mouth again. How dare you, and shame on you Mr.President,SHAME ON YOU!!!!!!!!!!!!!!!!!!!!!!!You go right ahead and hold those checks and see what happens. If I’m this ticked off you can just imagine what the rest of America is thinking.Never in my life have I ever seen another President use scare tactics and it’s quite disgusting.You make me sick!!!!!!!!!!!!!!

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By: Woltmann http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-973 Wed, 13 Jul 2011 12:46:50 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-973 I severely doubt the debt ceiling has much relationship to the max loan on houses in Poughkeepsie. What we really need to do is cut all Federal programs(payrolls, handouts, or subsidies)by 25% today. No exceptions. See how much support you’ll get for that version of reality on either side of the ideological aisle.

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By: minipaws http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-972 Wed, 13 Jul 2011 11:35:00 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-972 IOUSA

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By: LEEDAP http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-970 Wed, 13 Jul 2011 06:57:31 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-970 Boy do I live in a different reality. From my perspective the budget crisis has more to do with Bush era tax cuts than anything Obama has done. Republican stonewalling is more about crashing Obama’s hopes for reelection than fiscal prudence. “…but at what cost”.

Recession is a looming problem and it’s not time to belt tighten when the stimulus money has just run out. All sides need to compromise and that means cuts to entitlements as well as more revenue.

Here’s what I mean: http://www.nytimes.com/interactive/2010/ 11/13/weekinreview/deficits-graphic.html  ?choices=grx8p673

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By: McBurney http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-966 Wed, 13 Jul 2011 00:46:37 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-966 “The people of the US have the RIGHT and even the OBLIGATION to withhold approval of further debt issuance unless real changes are made in federal spending.” (there have been no words written that better sum up the entire state of things.)

But maybe not the INTELLIGENCE to know what the f is really going on to do something about it.

Now we are about to find out if the ‘people of the US’ care to show they are (or can be) in control or not. Can they overcome their collective ignorance of the true state of the union to take charge of the meltdown coming? Or will the ‘money’ class who is getting set for panic continue to rule? Better turn off your American Idol sedative Americans and pick up the WSJ if you can still read…

Time for revolution. Change is coming.

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By: edgyinchina http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-965 Wed, 13 Jul 2011 00:42:59 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-965 Another millionaire talking head that doesn’t like people who have worked all of their lives, and now depend on Soc. Sec. He wants us all to just die…
Vitriol and hate…. that’s all Americans know….

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By: seattlesh http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-964 Tue, 12 Jul 2011 23:58:43 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-964 Laster, great question.

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By: Laster http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-963 Tue, 12 Jul 2011 21:40:21 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-963 I suppose if I had one question for you, Chris, I would be interested in knowing if the decrease in the conforming loan limit is or was maybe some trade-off as I’ve noticed the Mortgage loan lobby was busy stumping for their assessment of what qualifies as a QRM.

Would this be the case, or how is that lobbying coming along?

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By: DrJJJJ http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-962 Tue, 12 Jul 2011 20:43:43 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-962 Note: Greenspan and Volker both said recently: there’s no substitute for deep spending cuts for years folks FYI! Taxes increases will be part of life too-we’ve waited too long and it doesn’t matter who’s at fault really!

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By: DrJJJJ http://blogs.reuters.com/christopher-whalen/2011/07/11/on-debt-ceilings-and-conforming-loan-caps/comment-page-1/#comment-961 Tue, 12 Jul 2011 20:41:06 +0000 http://blogs.reuters.com/christopher-whalen/?p=497#comment-961 Honesty is the best policy-the dems aren’t resisting cuts?
Our National debt is now 25% of TOTAL world debt and doesn’t include $10s of Trillions in IOUs for unfunded entitlements, massive state problems, loan defaults galore, etc etc! We have a moral obligation to tackle our debt right here and right now! Civil unrest is right around the corner and will cost us dearly-socially & financially! Takes a crisis for people to change most the time-we’re there! If we plan to extend the debt $2 Trillion and then cut 2 Trillion in the next 10 years-well, you get the picture! Big government is the problem, not the answer! Our current debt is 100% of US GDP add another 2 trillion and were in the same club as Greece-only we bring down the rest of the globe too-talk about selfish!

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