If the debt ceiling is just a number that must be fought over a couple of times a year without any measures to curb spending, then why bother with it at all?Fact is not raising the debt ceiling will cause the US to default, pretty much a rise in interest paid on the debt or a rush to sell US assets around the world crashing pretty much everything. Eventually leading to shutting down the government both federal and local.
Let me understand this please.Fact is not raising the debt ceiling will cause the US to default, pretty much a rise in interest paid on the debt or a rush to sell US assets around the world crashing pretty much everything. Eventually leading to shutting down the government both federal and local.
Joe is right, as crazy as it sounds. Of course you could not try that with the local bank. They would have foreclosed on you years ago if you ran your account like the folks in Washington mismanage our tax dollars. Spending so much more than they ever take in and not giving a chit about it.Let me understand this please.
Your sayin' we must borrow more money to pay the interest on the money we already borrowed? Exactly how does that eventualy work out?
Try that idea with your local bank.
People who cannot show enough income to pay their bills comfortably generally have low credit ratings and pay higher interest. So how does borrowing more change that for the better?
Joe is right, as crazy as it sounds. Of course you could not try that with the local bank. They would have foreclosed on you years ago if you ran your account like the folks in Washington mismanage our tax dollars. Spending so much more than they ever take in and not giving a chit about it.
They have painted us all into this corner. It is a no win situation and yep, you and I and everyone else knows they will increase the debt ceiling once again. I only hope and pray they also include some real spending cuts. Cuts that hurt like hell but really do some good. BIG cuts. It is the only way we have a chance to get out of this madness.
Congress pay should be tied to this. Every time they have to increase the debt ceiling, they lose 20% of their pay and never ever get it back. yeah, I'm dreaming. .....
Joe is right, as crazy as it sounds. Of course you could not try that with the local bank. They would have foreclosed on you years ago if you ran your account like the folks in Washington mismanage our tax dollars. Spending so much more than they ever take in and not giving a chit about it.
They have painted us all into this corner. It is a no win situation and yep, you and I and everyone else knows they will increase the debt ceiling once again. I only hope and pray they also include some real spending cuts. Cuts that hurt like hell but really do some good. BIG cuts. It is the only way we have a chance to get out of this madness.
Congress pay should be tied to this. Every time they have to increase the debt ceiling, they lose 20% of their pay and never ever get it back. yeah, I'm dreaming. .....
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Time to move this thread from "Photos, Cartoons & Videos Forum" to a Debate section?
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Let me understand this please.
Your sayin' we must borrow more money to pay the interest on the money we already borrowed? Exactly how does that eventualy work out?
Try that idea with your local bank.
People who cannot show enough income to pay their bills comfortably generaly have low credit ratings and pay higher interest. So how does borrowing more change our situation for the better?
Failure to raise the debt ceiling threatens nobody's pay. Just another ruse by the White House to use grandma and the starving children (and now the military) to tug on our heartstrings ... to create a crisis so that we have to act NOW.
No one is threatened. Not grandma nor the pay of a single Marine. There's enough money sloshing around in DC to pay every debt owed with a just little creative prioritization. But to put the military pay at the top of the list?
Bull shit.
If they want to prioritize, they can stop paying the salaries of our worthless Congressmen.
You believe that hooey, joec? We will not be able to pay the bills? You're way to old to believe that phony plea. And Hussien should be ashamed of himself to suggest such a pathetic notion to the people.Kane please clear your mind for a moment and take a breath. The government will run out of money about Feb 15 or so. At that point if the debt ceiling hasn't been raised and the government won't have the money to pay anything. Now some in the house are talking about at that point letting it stay shut down till they get their way which is basically another self imposed cliff. Now you want a real fear tactic try the GOP and Congress with the self imposed crisis they keep bringing on themselves. The debt is a major problem but we have at least a decade or so to fix it so it isn't as pressing that it can't be brought under control over that time, meanwhile forcing austerity on the country at this time will make it much worse. Now if you don't buy that then wait and see if they do either default on this nations debt or shut down the government again. Either way if it happens the GOP will have committed suicide in front of everyone on this planet.
Now as for threatening anyone pay think a bit about that, since it will tank the US economy for at least then next half a century if not longer. It is hard to sell a product when people don't have jobs or make a living to buy them. Oh and this is due to the Congress and not the white house.
I know. But people like joec actually believe that we've run out of money and can't find a way to pay China or our own military. Must be the same crowd that re-elected Hussien in the first place. Despicable.Jeez Kane, my eyes will be bleeding before I could get part way through all those hyper-links.
I know. But people like joec actually believe that we've run out of money and can't find a way to pay China or our own military. Must be the same crowd that re-elected Hussien in the first place. Despicable.
Blah, blah, blah. How about we cut spending so there will be no need to raise the debt ceiling. We keep our debt below the mandated limit by spending less.
Is that such an original concept? It is what I do when I manage my money. I spend less than I take it and put a bit away for a rainy day. If I find that is not happening, I find ways to cut expenses to make it happen if I cannot get more income to cover.
Why in fuck is that such an original concept for this dumb ass President to wrap his mind around?
I do believe the term is "Living within one's means"
The debt ceiling is to pay what we already bought it is that simple.
We are talking about two different things here the second one is the congress talking about shutting down the government not the debt ceiling. Perhaps I didn't make that clear for some of you. That will be brought on as a means of the second part of the fiscal cliff deal when the auto cuts kick in on the part of that which will come due at the same time as the debt ceiling so two problems getting overlaid here. Both with different problems.
Actually they are the same problem. Whether they coincide or not. Congress has the purse strings. And the GOP promised to hold the line on spending. For that they got elected to the House.
The President wants to spend more money than they do. For that he got re-elected
The debate is about the struggle between these two forces.
It is corrupted by the partisan politics. It was also the intent of the founders that it work this way.
So, in 2009 when one party held all the marbles, we didn't get threats of shutting down the police and fire depts. But we did get massive spending.
Same thing happened in 2001 thru 2006 when the GOP held all the marbles. Size of government spending actually doubled.
It is why the government expands, even under so-called conservatives,when one party dominates both houses and the White house.
Whenever just one of those entities is under different party control, we hear threats of a shut down. And on the rare occasions that it actually happens, the police and fire depts still show up.
Amazing.
The sheeples continue to buy it though. Each and everytime the politicians strut their stuff, pull this theater, and pretend to be tough.
Actually he said quite clearly that he will not negotiate on the debt limit again. Now he said he will put all spending on the table to negotiate on the fiscal cliff part coming up then also. Now the GOP is hold the debt ceiling up to get better negotiating they think on the fiscal cliff part still outstanding. Now they also threatened to shut down the government well if it was up to me I wouldn't negotiate either on the debt ceiling again as the only time it has happened since it was started in 1917 was 2011 and how did that work out for everyone.
But then that assumes that Obama means what he says which I think he does this time. Now I know you guys thinks he lies every time he says something but time will tell about the middle of next month. I'm prepared regardless of the outcome as I can live just fine even in a depression or without social security. Hope you guys can do the same if Congress is dumb enough to do what they are threatening to do..
Saying he "will not negotiate" given the constitutional power he actiualy holds, is a negotiation tactic.
And I don't believe he lies everytime he says something. I read his books. He is attempting to accomplish everthing he said he would.
No, he is telling everyone the same thing they want to hear. It is just not always what he meant.
For instance when he said this in 2006;The fact that we're here today to debate raising America's debt limit is a sign of leadership failure. Leadership means 'The buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit.in 2013;
“Republicans in Congress have two choices here: They can act responsibly and pay America's bills or they can act irresponsibly and put America through another economic crisis. But they will not collect a ransom in exchange for not crashing the American economy.”
It isa bit different than what he says these days.
Not exactly a lie but then not exactly a truth either.
Techniquely not exactly a flip flop by some standards.
But clearly not consistant or honest.
And then there are the out and out lies.
But, it is not everything he says.
You know what I find really funny is most if not all of you think I was a fan of his which no matter how many times I say it you don't accept it. Well folks if he fights this time he will make a believer out of me as his whole first term he let the Congress roll him on pretty much everything even some things he wanted and go they screwed it up turning it into something else. Now I never felt he was strong enough but hopefully he has once and for old decided to tell the minority to forget it as he has worked them into a really nice trap. They will be damned if they do and damned if they don't either way I'm looking forward to seeing the out come before I decide what to do later this year.
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Joec, I never said that. Begging the question about your position here,,,,Why do you need to defend it?
And if he fights? Gimie a break. He has fought the GOP and the Conservatives since his first inauguration.
I believe he said something to them when, in 2009, they asked for a meeting
"We won, you lost. Get over it."
Oh you are right he fought so hard he folded like a cheap suit on everything. The GOP got everything they wanted but just wouldn't take yes for an answer so they would then ask for more. At any have it your way until you see I called it like I have a number of things I've posted here turned out to happen when it finally came.