Congress got it horribly wrong

Discussion in 'Politics' started by Chris, Jul 31, 2011.

  1. Chris
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    Chris Gold Member

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    Watching Washington hold our economy hostage the past few weeks, as it refuses to reach a compromise deal on deficit reduction so we can raise the debt ceiling, has been beyond frustrating. Surreal is more like it.

    Here is what Congress has gotten so horribly wrong:

    First, if you spend it, you have to pay it back.

    As we all know, if you run up a balance on your credit card and then decide not to pay the bill, there's a huge price to pay. Your interest rate goes up, your credit score goes down and that triggers all sorts of costly dominoes to start falling. To not raise the debt ceiling is akin to refusing to pay your credit card bill.

    The debt ceiling has nothing to do with future spending. It's simply a mechanism that allows the U.S. government to keep paying off the bills it has already run up. This is a completely separate issue from what we decide is the right pace of future spending for our country. The deficit reduction debate is about that future path. That anyone insists on linking the two is absurd. We must make good on paying off our bills.

    Congress' mishandling of debt ceiling and deficit is surreal - CNN.com
     
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  2. Truthmatters
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    Truthmatters BANNED

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    Keep the people scared and rob them blind
     
  3. Quantum Windbag
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    Quantum Windbag Gold Member

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    If the debt ceiling had nothing to do with future spending we would not need to raise it because we actually have enough money to pay our bills through the end of the year.
     
  4. Quantum Windbag
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    Quantum Windbag Gold Member

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    That does seem to be the Democratic plan for government, doesn't it?
     
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  5. Truthmatters
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    Truthmatters BANNED

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    You just dont get it do you?


    What you want is an America where the poor people pay for and fight the wars the wealthy want fought while the wealthy control all the money.
     
  6. Quantum Windbag
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    Quantum Windbag Gold Member

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    That is what we already have. Whay I want is for things to change, and that will not happen if we continue to do things the same way we have for decades.
     
  7. kyzr
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    kyzr Gold Member

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    Senator Wellstone wanted to go after off-shore tax cheats. It got him and his family killed. I still don't see anyone going after off-shore tax cheats
     
  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    But there are so many like TM who think that this time it's all going to work differently. Less blood and carnage because Barack Obama is in charge now.
     
  9. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Senator Wellstone died in an accident. His politics had nothing to do with it.
     
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  10. LordBrownTrout
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    LordBrownTrout Gold Member

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    I maxed out a cc and hit my limit, 2000 bucks, in college, paid my bill off. My credit score went up, not down. The OP is using some weird faulty logic.
     

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