Jack Davenport
I'm too lazy to set a usertitle.
Besides paying for what we have already spent, how does this benefit the country? I vote no.
-
Do you have credits to spend? Why not pick up some VOD rentals? Find out how!
Raise the debt ceiling, Yes or No?
- Thread starter Jack Davenport
- Start date
Jack Davenport
I'm too lazy to set a usertitle.
Reagan did it? I thought congress covld only do it. You know like what is happening right now?
Jack Davenport
I'm too lazy to set a usertitle.
We of course will have done this twice now in 2 and a half years. So 6 months before the end of Obama's term will we be going down this road again? Or is there any merit to the GOP insisting on these cuts? Or are they just being wreckless?
Rey C.
Racing is life... anything else is just waiting.
Correct. The very same people (Dems and Repubs alike) who originally spent the money and now don't want to increase the limit to pay for what they've already spent. Of course they have to increase the limit. But it need not be the case going forward. I am in favor of targeted spending cuts and I am in favor of targeted revenue increases (not just taxes). But the two partisan sides each have their sacred cows, that they would rather see the republic go to hell before they'd let ol' Bessie get axed. Both sides lack the required fiscal discipline to cut spending. And in D.C., a "spending cut" basically amounts to just not allowing a particular budgetary item to continue growing. Seldom, if ever, do they actually cut spending for ANYTHING.
Jack Davenport
I'm too lazy to set a usertitle.
I have had my disagreements with Rey lately but I knew he would come through as he understands economics better than anyone on this board. Now I know you don't like Ted Cruz because of his ties to the Tea Party. I was actually ahead of myself when I said no. We have spent the money so we have to raise it. I disagree with Cruz but they are calling him a radical for opposing raising it. Obama opposed raising it in 2006. So what does it make Cruz a radical to balk at it but not Obama?
well there is the issue of 2 wars that bush never paid for that the bills are due on now and those wars are the biggest reason our economy tanked and we had not even paid the check yet for them. the total cost predicted for both wars is between $4 and $6 TRILLION dollars. Trilliion with a fucking T! and the republicans complain that we can't afford to pay for medicine for poor people. Of course we can't, we're broke from rebuilding 2 countries and paying for their new hospitals and roads and power grids and yes, their health care.
we still have troops in Afghanistan that are still costing us $100 Billion (with a fucking B) a year. so without raising the debt ceiling, and without raising taxes I would LOVE to hear the republicans explain how we are going to pay for all of this? Reagan raised the debt ceiling with Tip O' Neil to pay for star wars and the arms race to end the cold war.
we still have troops in Afghanistan that are still costing us $100 Billion (with a fucking B) a year. so without raising the debt ceiling, and without raising taxes I would LOVE to hear the republicans explain how we are going to pay for all of this? Reagan raised the debt ceiling with Tip O' Neil to pay for star wars and the arms race to end the cold war.
Jack Davenport
I'm too lazy to set a usertitle.
About the time we start to build this into constrvctive discussion Mariah throws that Molatov in. Mariah the spending increase is not because of the wars. The debt yes. We are winding these wars down and are out of Iraq.
the discussion is about raising the debt ceiling but cutting spending so we don't have to do it again.
the discussion is about raising the debt ceiling but cutting spending so we don't have to do it again.
Mayhem
Banned
The GOP wants spending cuts. I wish the Dems would put the DHS and TSA on the table as the best spending cut we can make. But that's not going to happen, so we have to keep hearing about Planned Parenthood and welfare.
To carry a theme out just a bit further, what often doesn't get perceived BC, is the chip I carry on my shoulder is often aimed at my own Party. Bill Maher never spoke truer words than when he said the Democratic Party slogan should be, "We're lame, but the other side is nuts."
To carry a theme out just a bit further, what often doesn't get perceived BC, is the chip I carry on my shoulder is often aimed at my own Party. Bill Maher never spoke truer words than when he said the Democratic Party slogan should be, "We're lame, but the other side is nuts."
Jack Davenport
I'm too lazy to set a usertitle.
Reagan got the cuts he wanted under those agreements. As opposed to Obama that wants to raise it and could care less about cuts.
Jack Davenport
I'm too lazy to set a usertitle.
except for a couple of items. I find very little fault in that.
xfire
@ChrisFreemanX
What's the alternative to raising the current debt ceiling? Default? That would be an incredibly dumb thing to allow to happen. How do we keep from having to do it again? Dump all military R&D, and suspend all defense contracts. Furlough every employ of Lockheed Martin, Boeing, KBR, Haliburton, and all the other fat cat contractors. Of course pay the soldiers, but if we got rid of defense industry entitlements until we eliminated the deficit and got the National Debt down to pre-George W Bush era levels we wouldn't have to touch social programs. Have an audit and really start scrubbing the fat out of the budget, if republicans are really serious about getting the deficit and debt under control they would be just as focused on the defense portion of the budget as they are the rest of it.
Master Roshi
All hail the FO Cult Mother!
the debt ceiling will be raised for the foreseeable future, congress has not choice, the private federal reserve will do what it has to keep the game going which is very unfortunate for holders of federal reserve notes
my point was that we have over extended ourselves because of the wars that were never paid for during the bush years. they were bought on a credit card. winding down at the tune of 4 more dead soldiers on Sunday and a total of 2450 in afghanistan and $100 billion a year.
Jack Davenport
I'm too lazy to set a usertitle.
The specific cuts must be negotiated. As I said before we could avoid default by prioritizing outlays and still make the interest payment. All without an increase in the ceiling what makes me angry is that dems and repubs are saying the ceiling must be raised to avoid default. that is a flat out lie by BOTH parties and instead of telling us that there is an alternative by cutting and paying the interest, they are trying to precondition us to these debt ceiling increases. This is where guys like Cruz get it right.
Master Roshi
All hail the FO Cult Mother!
all wars are economic in origin and one of the huge advantages of being able to coin a nation's money is the huge amount of funds that can be allocated to the "defense" budget of that nation for a longgggg time, there are still nations that don't have a central bank that is controlled by the conglomerate of mega banks so I'm sure the US military will have to go in and "liberate" them and help them to get their minds right as far as their banking structure and natural resources are concerned and as far as our military men are concerned, it was the dirtbag Henry Kissinger who said "Miltary men are nothing more than dumb stupid animals to be used in foreign policy." SMH
Similar threads
