If the debt ceiling is something that should "not be messed with / played chicken with" why do we even have it? Whats the point of a ceiling if we raise it every time we reach it?
Why don't we just get rid of it?
yeah, it's becoming extremely boring to watch this slo-mo train wreck...
BTW, so I guess you are some rich fuck?
Do you know that right now your portion of the Federal debt is like $40k?
$40k may not mean much to you, but it is a year of my income.
So, at any time, someone can call my debt, and I am broke.
That's a big thing for me.
-John
The hell with them. You have yourself to think of.
Hasn't this always been the case?Each child born today is born into debt, and servitude.
What do you mean by opportunity? If you're referring to the ability to do anything than pay debts... then I don't think it is just the legislators behind it. There are many things the government does that destroys opportunity. Such as quantitative easing and other inflationary policies (in the sense that they maintain 3% inflation rather than allowing deflation).Opportunity is being legislated out of the American Constitution, as we speak.
I think that it's important to understand the vantage point of a senator versus the vantage point of a ... president. When you're a senator, traditionally what's happened is, this is always a lousy vote. Nobody likes to be tagged as having increased the debt limit for the United States by a trillion dollars. ... As president, you start realizing: 'You know what? We -- we can't play around with this stuff. This is the full faith in credit of the United States.' And so that was just a example of a new senator, you know, making what is a political vote as opposed to doing what was important for the country.
Brother, Can You Spare A Trillion?
Here's our pathological liar of a President telling us how he's going to cut the deficit in half. He still has time, I'll give him that.
Obama will cut deficit in half FEB 2009
Here's an article about our dipstick in chief telling us why his career was more important than the country.
Obama: I voted as a Senator to help my career, not the country
Because we have a constitution
Hasn't this always been the case?
Yeah, and you are heartless.
Each child born today is born into debt, and servitude.
Opportunity is being legislated out of the American Constitution, as we speak.
Its almost like there has been a platform switch again..Only when a Democrat is in the Whitehouse
When Republicans are in control spending goes on without impunity
Its almost like there has been a platform switch again..
maybe both parties should be called the democratic republicans and the neocons and big government republicans can have the federalist party back...
btw I know that is a gross oversimplification but that seems about par for the course here lately..
btw
The debt ceiling would have to be raised multiple times if teh Ryan plan was installed today....even if we installed the medicare changes today not in 10 years the debt ceiling would have to be raised multiple times...
I'm fine with raising the debt limit if we implement a plan that balances that budget within 5 to 6 years.
I think thats pretty reasonable to ask.
It's actually not. What you are asking is for people to give in to your policy demands or face an immediate global financial crisis.
That's not logical policymaking, it's hostage taking. Even the Republicans aren't this crazy or this woefully irresponsible. If the debt ceiling is not raised and the US defaults on its debt, each and every legislator who votes against raising it should be voted out of office for it due to gross negligence.
You don't have to default on the debt if you don't raise the debt limit. Those are two separate things.
Asking for a plan to balance the budget is not unreasonable.
Are you saying if the government were to cut 1.6 trillion over 6 years that will cause a global financial crisis?
Thats bullshit and you know it. Thats like 250 billion / year, even less when revenues pick up. Give me a fucking break.
Either they don't increase the debt limit and they are forced to balance the budget right here and now, or you sign on to a plan that balances it in 5-6 years.
Thats what I want to do. Thats the only leverage they have against the spending.
What you are advocating is irresponsible ideological governance at its worst, luckily no political party is insane enough to actually do what you're advocating, so we'll be ok.
I have no idea how you got that from what I posted. No, I'm saying that a failure to increase the debt limit would lead to US default, which will lead to a global financial crisis. And yes, failure to raise it will absolutely cause a default. There are large numbers of US statutes already enacted that would require the US to spend money, but that money could not be borrowed to cover those expenditures. That means we would have a situation where the government would be forced to act outside of its ability to borrow, and run out of money, aka: default.
It's not like the budget suddenly gets magically balanced if we don't raise the debt ceiling. So then you're probably thinking to yourself 'well congress could just pass new legislation getting rid of all those pesky programs that cause debt!'. Not only would that be a monumental undertaking to disentangle all those programs without causing a complete collapse of the US government, but from a practical standpoint I see no reason why that legislation would pass when a debt ceiling increase didn't.
What you are advocating is irresponsible ideological governance at its worst, luckily no political party is insane enough to actually do what you're advocating, so we'll be ok.
I know that will never happen, thats why you use that as leverage.
Theres plenty of things we can do to avoid defaulting anyway in the short term. Borrowing money from pensions, printing it, cutting government, etc
I advocate for fiscal sanity, 1.6 trillion deficits are irresponsible, and if the only way to stop them is to do this, so be it.
And yes, thank god that we have a republic, or this country would be in even worse shape than it is now.