The Debt Ceiling?

[Straight Shooter]

Should the U.S. raise it?

 

[busenbust]

no.

 

[Rey C.]

Of course. Though the Legislative and Executive branches should also continue working to decrease spending and increase revenues. But in the mean time, it would be foolish to allow the U.S. to default on its debt obligations for even a day. No different than from an individual who is in over his/her head... why in the world would a person do something silly in the short term that's just going to hurt them in the long term?

 

[Facetious]

No. Increasing the debt ceiling at this time would be like giving a trust funded heroin addict a lump sum. Look, if the people have to tighten up their belts a notch (because of upcoming increased revenues/higher taxes) it only seems reasonable for the government to do the same.

 

[Ulysses31]

Personally I'd make the Basement deeper

 

[tsans]

Absolutly NOT. Congress has not proposed a Budget in over 2 Years. They have funded by legislation. Time to hold these out of control elitests accountable.

 

[tiger1977]

No.

 

[Supafly]

Raise the roof!!!

Print more money - but don't fuck up again

http://www.goldalert.com/2010/12/the-120m-us-money-printing-error/

 

[busenbust]

Raise the roof!!!

Print more money - but don't fuck up again

http://www.goldalert.com/2010/12/the-120m-us-money-printing-error/

:1orglaugh nice -- and never mind rampant commodity prices . after all, the Fed says inflation is 'transitory' :horse::elaugh:

 

[StanScratch]

Of course. Besides, most of the heroes who are calling for the debt ceiling to remain the same had absolutely no problem pencil whipping a "yes" vote while W was in office. Now they are trying to pay with their fuck ups by continually sacrificing the lower and middle class.

 

[Member442]

No. Increasing the debt ceiling at this time would be like giving a trust funded heroin addict a lump sum. Look, if the people have to tighten up their belts a notch (because of upcoming increased revenues/higher taxes) it only seems reasonable for the government to do the same.

agreed

 

[feller469]

it is all paper money, the US economy has been a sham ever since it went off the gold standard. It is based only on what others will allow it to be. If OPEC were to decide to deal in the Chinese currency instead of the dollar, the US would be screwed.

any business majors out there want to explain to me how the US economy still survives? It isn't a business model, it is a charade. As long as our military is strong, the dollar will have value.

 

[Ulysses31]

Raise the roof!!!

Print more money - but don't fuck up again

http://www.goldalert.com/2010/12/the-120m-us-money-printing-error/

It worked well for Gustav Stresemann

 

[Straight Shooter]

Yes. The GOP are living in a fantasy world, they think that if it isn't raised the country will just keep on operating as normal. There are consequences if it isn't raised, it could mean no Social Security payments, no benefits for veterans, no pay for members of the military and other government workers, or the shutdown of federal programs. All hell will break loose in my opinion when regular people won't be getting their social security check or their benefits check.

 

[Will E Worm]

it is all paper money, the US economy has been a sham ever since it went off the gold standard. It is based only on what others will allow it to be. If OPEC were to decide to deal in the Chinese currency instead of the dollar, the US would be screwed.

any business majors out there want to explain to me how the US economy still survives? It isn't a business model, it is a charade. As long as our military is strong, the dollar will have value.

Fiat money, it is a joke and a lie. :clap:

Fiat money

 

[JacknCoke]

Fiat money, it is a joke and a lie. :clap:

Fiat money

well it's unsustainable at best.

 

[CunningStunts]

No. We are already in enough debt... force the spineless politicians to balance the budget. :2 cents:

 

[sexman1stclass]

Of course. Though the Legislative and Executive branches should also continue working to decrease spending and increase revenues. But in the mean time, it would be foolish to allow the U.S. to default on its debt obligations for even a day. No different than from an individual who is in over his/her head... why in the world would a person do something silly in the short term that's just going to hurt them in the long term?

This ^

 

[Ike Stain]

Our debt-to-GDP isn't actually that bad. We're still the strongest economy in the world and covering the extra debt isn't a problem.

The REAL PROBLEM is we never pay it down when times are good. Remember a guy named Clinton getting us close to a balanced budget, then a guy named Bush giving away the surplus instead of paying down the debt?

If you want to see the world economy going even farther down the toilet, then by all means be ass on this issue. What we really need is the discipline to pay the debt down once the economy recovers instead doing things like fighting unfunded wars.

 

[ragincaucasian]

What happens if you don't?
What happens if you do?

The argument FOR beats the alternative (utter collapse)

The debt ceiling isn't what is wrong with our country's spending.....just a symptom