Who do you feel is unable to understand what the debt ceiling is?
Everyone here who thinks the ceiling is about increasing debt.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Who do you feel is unable to understand what the debt ceiling is?
Who do you feel is unable to understand what the debt ceiling is?
Everyone here who thinks the ceiling is about increasing debt.
Then I absolutly agree. Except that I believe a large number of these people believe that not increasing the debt ceiling will cause economic problems for this president. Or they are blindly posting the dogma of those that would do so.Who do you feel is unable to understand what the debt ceiling is?
Everyone here who thinks the ceiling is about increasing debt.
I know exactly what it is about. But you will never tell us what you think it is, will you windbag?Who do you feel is unable to understand what the debt ceiling is?
Everyone here who thinks the ceiling is about increasing debt.
What do you think it is about?
I know exactly what it is about. But you will never tell us what you think it is, will you windbag?Everyone here who thinks the ceiling is about increasing debt.
What do you think it is about?
But of course you did not read the study. But if you do not want to discuss issues with me, then that would be a really good thing.I know exactly what it is about. But you will never tell us what you think it is, will you windbag?What do you think it is about?
I am still waiting for you to defend the study you think proves i am stupid, nothing else you do or say matters until you do that.
But of course you did not read the study. But if you do not want to discuss issues with me, then that would be a really good thing.I know exactly what it is about. But you will never tell us what you think it is, will you windbag?
I am still waiting for you to defend the study you think proves i am stupid, nothing else you do or say matters until you do that.
The debt ceiling is about living within our means so we don't end up like Greece you perfect 1000% liberal idiot!!!
Uh, Ed the debt ceiling is not about living within your means, it's about paying your bills after you have recieved the goods.
Don't want you to be confused wih deadbeats now do we?
Well since it's inevitable the sooner the better.
Greece did that, see what it got them, or do you read?
WHEN DEFICITS STILL MATTERED
Prior to 1980, the world was simple and it made sense. When the government ran deficits, the Federal Reserve then would print money to pay for them. This money printing would cause inflation, and inflation would push up interest rates. The whole process was captured in the simple equation below.
Deficits = Money Printing = INFLATION = HIGHER INTEREST RATES
In the graph below, you can clearly see the link between deficits and money printing. Notice how every time the US runs a deficit (blue line) the money supply grows (yellow line).
Deficits = Money Printing
The next graph shows the link between government deficits and inflation pre1980. Notice the surges in inflation (yellow line) after each major deficit (blue line).
Deficits = INFLATION
The relationship between deficits and inflation was well understood
Try searching Google Archive News for deficit spending inflation and read any of the millions of article written before 1980. You might be surprised to see how universally the deficits/inflation link was accepted. Articles claiming "deficits don't cause inflation" were the lunatic fringe.
With the threat of inflation declared dead, the US proceeded to run massive budget deficits
AND IT WORKED MAGICALLY
After 1980, the old, common sense formula underwent a drastic change:
Deficits = Money Printing = NO INFLATION? = LOWER INTEREST RATES?
The link between deficits and inflation was broken. When the US ran massive deficits in the early 1980s, inflation fell.
Deficits = NO INFLATION?
Although the inflation and interest rates came down, the first part of the formula remained the same. The government never stopped printing money to finance its massive deficits.
Deficits = Money Printing
What did change was that this printed money stopped producing inflation and pushing up interest, as seen below in the chart below.
Money Printing = FALLING INFLATION? = LOWER INTEREST RATES?
Amazing isn't it? After 1980, no more painful budget decision making: the US could now print all the money it wanted without any inflationary consequences! Deficits stopped mattering.
It appears that the only other nation on the face of the earth that has a debt ceiling is Denmark. I see no useful purpose that it serves. If we want to cut spending, we cando that in the budget. The Constitution says that the federal govenment can on spend what Congress has authorized. Section 4 of the Fourteenth Amendment holds that the debt of the United States is "not to be questioned", whatever that means.
So folks, why not just abolish the debt ceiling? If Congress approves a budget, it could simultaneously approve paying for it.
Who do you feel is unable to understand what the debt ceiling is? Pretty simple concept.Wow amazing how many people have no clue what the debt ceiling is. Actually looking at the boner everyone pulled on election day no it's not.
I suppose he is refering to the people wo believe that the debt ceiling has something to do with the level of spending.
Jesus, ed. That was profound. So, since there has been a debt ceiling for well over a hundred years, and it has never stopped spending, do you think maybe you should rethink your primes? Nah. Just post some more dogma, ed, you poor delusional con.Who do you feel is unable to understand what the debt ceiling is? Pretty simple concept.
I suppose he is refering to the people wo believe that the debt ceiling has something to do with the level of spending.
of course there is a debt ceiling issue because liberals want to spend more than the ceiling. Accordingly with a ceiling the level of spending would stop dead!!! Isn't thinking fun???
So, since there has been a debt ceiling for well over a hundred years, and it has never stopped spending, do you think maybe you should rethink your primes?