Are Republicans serious about refusing to raise the debt ceiling?

Discussion in 'Politics' started by Bass v 2.0, Nov 24, 2010.

  1. Bass v 2.0
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    Bass v 2.0 Biblical Warrior For God.

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    Are Republicans serious about refusing to raise the debt ceiling? - By Christopher Beam - Slate Magazine

    The Republitards are just bluffing unless they want history to repeat itself:

    Why the disagreement among Republicans? Perhaps the elders have learned their lesson. In 1996, Boehner, then a freshman, led the last budget showdown between a Republican Congress and a Democratic president. When the parties came to an impasse, Boehner blamed Clinton: "We have offered to work with the president to avert this crisis," he said. "But so far, all we have gotten are excuses."


    Everyone remembers the outcome of that gambit. The new Republican majority refused to raise the debt ceiling. President Clinton refused to meet GOP demands, which included eliminating the Commerce Department. The government shut down. Newt Gingrich made an unwise comment about how Clinton had once made him sit at the back of an airplane. Voters blamed Republicans for the crisis. Clinton was re-elected.


    What would happen if Republicans forced another shutdown? This time would be worse. The administration would have to come up with $1.4 trillion in savings to make up for the budget shortfall. With a total annual budget of $3.8 trillion, that would entail a budgetary massacre. Treasury would be unable to sell more bonds, driving the already vulnerable bond market haywire. Investors could also take it as a sign that the United States is unable to repay its debt. And as in 1996, voters could blame Republicans.
     
  2. The T
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    The T George S. Patton Party Supporting Member

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    They by God had better be. We are broke.

    Bring on the cuts.
     
  3. Annie
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    Annie Diamond Member

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    I doubt they will not raise it, but they better hold out:

    Should Republicans Raise the Debt Ceiling? - By Kevin D. Williamson - Exchequer - National Review Online

     
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  4. Bass v 2.0
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    Bass v 2.0 Biblical Warrior For God.

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    I hope the Republitards do it too, then we can get rid of the rest of the Republitard trash in the nest House and Senate elections and would for sure keep a GOP president out of the WH.
     
  5. The T
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    The T George S. Patton Party Supporting Member

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    Just keep spending future generations into debt. Nice plan Bozo.

    Generational theft! That's the ticket! Welcome to the new slavery courtesy of our own government.:clap2:
     
  6. kyzr
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    kyzr Gold Member

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    I support cutting spending..up to the point of shutting down the government...then again, I'd shut down the Department of Jihad on principle.
     
  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    There are a lot of Americans out there like Bass who just don't get it. We don't have the money!
     
  8. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Just awesome.... now the "fiscally responsible" Obama voters are big debt fans.

    AWESOME!
     
  9. glew
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    glew BANNED

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    Definitely time for a few austerity measures of our own :)
     
  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Basshole doesn't get much... believe me. He's a partison hack if there ever was one.
     

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