10 Inconvenient Truths About the Debt Ceiling

[JBeukema]

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid


10 Inconvenient Truths About the Debt Ceiling | Crooks and Liars

 

[sparky]

One potato, two potato, three potato, four,
five potato, six potato, seven potato more.
Icha bacha, soda cracker,
Icha bacha boo.
Icha bacha, soda cracker, out goes Y-O-U!

 

[hortysir]

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

 

[Truthseeker420]

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid


10 Inconvenient Truths About the Debt Ceiling | Crooks and Liars

They swallowed everthing Bush Bush put in their mouth and if you didn't you were a terrorist.

 

[Truthseeker420]

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

federal tax receipts do not match the debt and thanks to Republicans giving corporations free rides it can't even pay the interest on the debt.

 

[iamwhatiseem]

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

Because the debt payments are so large horty that we have to borrow money just to pay the interest.
That's right.

 

[Samson]

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid


10 Inconvenient Truths About the Debt Ceiling | Crooks and Liars

So, am I supposed to find an anti-Dem blog to ping-pong an opinion off this post because you obviously didn't have the capacity to form a partisan rip of your own?

Jon Perr, et al., will continue to be duped by the R vs D game: It's always the other guy's fault, and GAWD FORBID that a third party ever show up and call out bluff.

 

[Samson]

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

federal tax receipts do not match the debt and thanks to Republicans giving corporations free rides it can't even pay the interest on the debt.

Dems had the Presidency, House, and Senate for TWO YEARS and did nothing about "giving corporations free rides," but that's R's fault?

Another partisan moron.

 

[spectrumc01]

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid


10 Inconvenient Truths About the Debt Ceiling | Crooks and Liars

So, am I supposed to find an anti-Dem blog to ping-pong an opinion off this post because you obviously didn't have the capacity to form a partisan rip of your own?

Jon Perr, et al., will continue to be duped by the R vs D game: It's always the other guy's fault, and GAWD FORBID that a third party ever show up and call out bluff.

Corporations spend millions of dollars on elections buying the votes of both republicans and democrats alike. Both parties work for the corporations not the people. When it comes to this situation The Republicans throw the people under the bus faster and without excuses. They openly embrace the fact that they support corporations over the people. Democrats, when possible try to lessen the corporate impact on the people. They still throw us under the bus but feet first instead of head first. The only choice you have is when it comes to supreme court nominations, we vote Democrat because they put liberal judges on the court who tend to side against big business which is our only weapon against them (corporations). Republicans on the other hand pack it with conservative judges who embrace corporations and also throw the people under the bus.

 

[Samson]

we vote Democrat because they put liberal judges on the court who tend to side against big business which is our only weapon against them (corporations).

Really, is that so?

When was the last Supreme Court decision that sided "against big business?"

 

[spectrumc01]

we vote Democrat because they put liberal judges on the court who tend to side against big business which is our only weapon against them (corporations).

Really, is that so?

When was the last Supreme Court decision that sided "against big business?"

That is my point, the liberal justices usually vote against big business, and conservative justices back big business. Unfortunately the supreme court has a conservative majority, and has for quite some time. The only way to reverse this is to get more liberal justices, and that won't happen if we keep electing conservative presidents. Presidents from both parties have the same agenda for America they have proven it. The difference maker is in the supreme court.

 

[KissMy]

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid


10 Inconvenient Truths About the Debt Ceiling | Crooks and Liars

Nothing but lies. There is no $3 Trillion War Tab. Read some facts once in a while instead of political nonsense. Also Barack Obama voted against raising the Debt Ceiling yet you praise him & bash republicans for the exact same thing. You are nothing but a partisan hack.

 

[Samson]

Really, is that so?
When was the last Supreme Court decision that sided "against big business?"

That is my point, the liberal justices usually vote against big business, and conservative justices back big business. Unfortunately the supreme court has a conservative majority, and has for quite some time. The only way to reverse this is to get more liberal justices, and that won't happen if we keep electing conservative presidents. Presidents from both parties have the same agenda for America they have proven it. The difference maker is in the supreme court.

<<<sigh>>>

I was really hoping you'd go through at least a little effort to show what you are talking about, but since you apparently aren't quite sure, I'll do it for you:

You are talking about Campaign Finance Reform, or, specifically the Bipartisan Campaign Reform Act (BCRA) of 2002, upheld by liberal justices John Paul Stevens and Sandra Day O'Connor, David Souter, Ruth Bader Ginsburg, and Stephen Breyer.

John Paul Stevens was nominated to be a Supreme Court Justice by Gerald Ford (a REPUBLICAN)

Sandra Day O'Connor was nominated to be a Supreme Court justice by that very liberal favorite, Ronald Reagan

Souter was put on the bench by president G.H. Bush.

Ginsberg and Breyer were appointed by Clinton


So, as you see, your point that

we vote Democrat because they put liberal judges on the court who tend to side against big business which is our only weapon against them (corporations).

is a..... little silly; The biggest blow to corporate political power in the last 10 years has been struck by Supreme Court Judges appointed by both parties.

 

[Valerie]

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

Those proposing to not raise the limit right now are actually proposing a default.

On Monday, the United States officially hit its debt limit, meaning that the government is no longer legally able to borrow. However, Treasury Secretary Tim Geithner has tools at his disposal to delay the U.S. defaulting on its obligations until about August 2.

House Republicans, for months, have been saying that they are willing to raise the debt ceiling, with Speaker of the House John Boehner (R-OH) admitting that failure to do so would be “irresponsible,” while House Budget Committee Chairman Paul Ryan (R-WI) said that not raising the debt ceiling is “unworkable.”

But Rep. Devin Nunes (R-CA) this week let the cat out of the bag, outright calling for the U.S. to default. “By defaulting on the debt, in the short and long term, it could benefit us to go through a period of crisis that forces politicians to make decisions” on major policies that affect the budget,” he said.


Actually allowing the U.S. to default on its debt would have widespread consequences for the U.S. and world economies, including potentially pushing the U.S. back into a recession or, in the words of Princeton Professor Alan Blinder, “reignit[ing] the world financial crisis.” And as the Wall Street Journal noted today, failure to raise the debt ceiling would force draconian spending cuts that would wipe out all of the anticipated 2011 economic growth in just 95 days:

Failing To Raise The Debt Ceiling Would Wipe Out All Of 2011&#8242;s Estimated Growth In 95 Days | ThinkProgress

 

[spectrumc01]

Really, is that so?
When was the last Supreme Court decision that sided "against big business?"

That is my point, the liberal justices usually vote against big business, and conservative justices back big business. Unfortunately the supreme court has a conservative majority, and has for quite some time. The only way to reverse this is to get more liberal justices, and that won't happen if we keep electing conservative presidents. Presidents from both parties have the same agenda for America they have proven it. The difference maker is in the supreme court.

<<<sigh>>>

I was really hoping you'd go through at least a little effort to show what you are talking about, but since you apparently aren't quite sure, I'll do it for you:

You are talking about Campaign Finance Reform, or, specifically the Bipartisan Campaign Reform Act (BCRA) of 2002, upheld by liberal justices John Paul Stevens and Sandra Day O'Connor, David Souter, Ruth Bader Ginsburg, and Stephen Breyer.

John Paul Stevens was nominated to be a Supreme Court Justice by Gerald Ford (a REPUBLICAN)

Sandra Day O'Connor was nominated to be a Supreme Court justice by that very liberal favorite, Ronald Reagan

Souter was put on the bench by president G.H. Bush.

Ginsberg and Breyer were appointed by Clinton


So, as you see, your point that

we vote Democrat because they put liberal judges on the court who tend to side against big business which is our only weapon against them (corporations).

is a..... little silly; The biggest blow to corporate political power in the last 10 years has been struck by Supreme Court Judges appointed by both parties.

Sorry, it is graduation weekend and my son just graduated. I don't have the time this morning to scour the internet for the links. The parisan polarization that we have today as opposed to back when Ford was president is now stifling our government. Looking at the Bushs' nominations to the court, John Roberts in particular, it has become extremely pro big buisiness. I'm more referring to the overturning of the Campaign finance reform act that took place 2010.

 

[Samson]

That is my point, the liberal justices usually vote against big business, and conservative justices back big business. Unfortunately the supreme court has a conservative majority, and has for quite some time. The only way to reverse this is to get more liberal justices, and that won't happen if we keep electing conservative presidents. Presidents from both parties have the same agenda for America they have proven it. The difference maker is in the supreme court.

<<<sigh>>>

I was really hoping you'd go through at least a little effort to show what you are talking about, but since you apparently aren't quite sure, I'll do it for you:

You are talking about Campaign Finance Reform, or, specifically the Bipartisan Campaign Reform Act (BCRA) of 2002, upheld by liberal justices John Paul Stevens and Sandra Day O'Connor, David Souter, Ruth Bader Ginsburg, and Stephen Breyer.

John Paul Stevens was nominated to be a Supreme Court Justice by Gerald Ford (a REPUBLICAN)

Sandra Day O'Connor was nominated to be a Supreme Court justice by that very liberal favorite, Ronald Reagan

Souter was put on the bench by president G.H. Bush.

Ginsberg and Breyer were appointed by Clinton


So, as you see, your point that

we vote Democrat because they put liberal judges on the court who tend to side against big business which is our only weapon against them (corporations).

is a..... little silly; The biggest blow to corporate political power in the last 10 years has been struck by Supreme Court Judges appointed by both parties.

Sorry, it is graduation weekend and my son just graduated. I don't have the time this morning to scour the internet for the links. The parisan polarization that we have today as opposed to back when Ford was president is now stifling our government. Looking at the Bushs' nominations to the court, John Roberts in particular, it has become extremely pro big buisiness. I'm more referring to the overturning of the Campaign finance reform act that took place 2010.

Yes, the law was overturned in 2010, but my point is no less valid:

You are being silly if you think Supreme Court Justices appointed by Republicans always vote for Big Business: I just laid out the facts for you. If you can't follow them, there's not much more to civily discuss about your opinion.

 

[hortysir]

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

federal tax receipts do not match the debt and thanks to Republicans giving corporations free rides it can't even pay the interest on the debt.

1. How does the debt ceiling relate to defaulting on our debts?

By not borrowing more money we are merely assuring that our debts are paid FIRST.
Who has proposed default??

Because the debt payments are so large horty that we have to borrow money just to pay the interest.
That's right.

FALSE!!
Another wheel-chair-push-type tactic from you loons on the left....scare the public into believing your bullshit.


We would still have $2.17 trillion dollars in revenue coming from taxes.
That money could be used for debt payments ($205 billion) and paying Social Security ($741 billion), Medicare ($488 billion), and Medicaid ($276 billion),
What lawmakers don't like is that they would only be left with $395 billion for other programs. That means they would have to cut programs including defense which this year alone is $719 billion. That does not include the cost of Veterans' care, which totals another $124 billion.
Here's what you need to know.
We are adding 3 billion dollars a day to our debt which is now larger than the entire economies of China, the United Kingdom and Australia combined.
The bottom line is that we have to stop borrowing money to pay for borrowed money. You and I can't live that way in our households, and our nation can't live that way either.


Sources:
RealClearPolitics - The Truth About the Debt Ceiling and Default
RUGY & FICHTNER: Don't raise the debt ceiling - Washington Times
Voters Underestimate How Much U.S. Spends on Defense - Rasmussen Reports™
Kirk warns Congress may punt on debt ceiling - POLITICO Live - POLITICO.com




So our bills would still get paid.
We just won't be able to BORROW more money.