Congress got it horribly wrong

[Chris]

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

 

[Truthmatters]

Keep the people scared and rob them blind

 

[Quantum Windbag]

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

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.

 

[Quantum Windbag]

Keep the people scared and rob them blind

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

 

[Truthmatters]

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.

 

[Quantum Windbag]

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.

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.

 

[kyzr]

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.

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

 

[Avatar4321]

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.

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.

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.

 

[Avatar4321]

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.

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

Senator Wellstone died in an accident. His politics had nothing to do with it.

 

[LordBrownTrout]

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.

 

[cutter]

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

You compare it to running up the balance on your credit card and refusing to pay. We take in plenty to pay our debt down. What they want to do is continue to spend everything we take in and finance the interest payments. Would you use credit cards to pay interest only on your debt? They need to CUT spending. Cut to the point they can pay our debt AND pay down the principle on what revenue they receive without borrowing to pay the interest. I know they only want to cut things like Social Security and Military pay then you hear about spending billions to study sex habits of frogs and they still tell us there is no place to cut that won't hurt grand-ma. Well we don't believe them anymore and that's why the TEA PARTY was formed and sent to Washington to cut all the bullsh**. Get real and set priorities and be responsible, just like we have to do when we over spend, and get to the job of cutting the budget, responsibly.

 

[Antiderivative]

Keep the people scared and rob them blind

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

Do Dems have a plan other than being less vile than the GOP?

Of course, Chis the asshat, believes in their lies.

I open my challenge to left-wing moonbats,.

 

[C_Clayton_Jones]

Keep the people scared and rob them blind

More like keep the people scared to keep your seat in Congress.

Also, I disagree with the idea of Congress ‘mishandling’ the debt ceiling issue. “Mishandling’ implies a good faith mistake, you did your best but fell short.

That’s not the case with the House, the TPM in particular.

The debt ceiling was seized upon by the right in a premeditated effort to use it as a political weapon to get their way, to force their radical, dangerous dogma on the Nation as a whole.

That’s not ‘mishandling.’

 

[Mr.Nick]

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

Problem is that democrats cant stop spending money and that debt ceiling to them is nothing more than an excuse to keep spending.

If you raise that ceiling you may as well raise taxes - and thats exactly what the democrats want - more spending and higher taxes.

When the fuck do we say no???

Let people make money and spend it, everything will work itself out...

Capitalism is a very simple model and the government keeps on depressing the model with their intervention...

If they want to help they can shrink that big ass government.... The problem is democrats are opposed to that idea. They want a big nanny state government that treats the people like children...

Besides, I could care less if the federal government folds up like a big tent - I rely on them for nothing.

 

[kyzr]

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.

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

Senator Wellstone died in an accident. His politics had nothing to do with it.

Believe that if you want. His death saved off-shore tax cheats Billions. Why is no one else raising that revenue option? Off-shore tax cheats should be easy targets for both parties.

 

[skookerasbil]

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

s0n.........you are so politically stupid its not even real.

This whole debt "fight" was a huge bogus sham. By both sides. The plan coming out is a joke and falls far, far short of addressing the problem. These fuckkers to a person knew this is the way it would play. We subsequently get downgraded on our debt leading to the slow erosion of inflation riding in to the rescue to eat up the debt over time. Its a lot better play politically. The public has been had. These bozo's get to ride back into their districts and say they gave it the good old college try but "the other side was unreasonable.....but WE alverted a disaster". Now......both sides get to play the hero to their constituents next week......."we averted a crisis".............and meanwhile, a tsunami of inflation is at our shoreline............but it creeps ever so slowly, unlike a default.

Most of the public has never heard of Moodys and wont give a rats ass when the dowgrade comes. Inflation doesnt whack you over the head........it eats away like a cancer, ever so slowly and every knucklehead in Washington knows it.

Anyway.......America wont get dick done with the current government. We need to get the varsity in after next year to fix up this disaster...........

 

[Avatar4321]

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

Senator Wellstone died in an accident. His politics had nothing to do with it.

Believe that if you want. His death saved off-shore tax cheats Billions. Why is no one else raising that revenue option? Off-shore tax cheats should be easy targets for both parties.

Because we dont have a revenue problem. We have a spending problem.

Why should the people be burdened because the politicians refuse to take care of their tax money? They've spent the money we've already given and you want to give them more?

 

[CrusaderFrank]

Keep the people scared and rob them blind

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

Dem Motto since 1933

 

[Full-Auto]

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.

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

No offense, but wellstone was a whack job. Even those you disagree with doesnt mean all of the ideas are bankrupt.

As far as that getting them killed? Thats twilight zone stuff.

 

[JoeB131]

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

Well, if you give the president carte blanche to keep spending, he's going to do it.

I don't think this agreement goes far enough. We need a balanced budget amendment and a committment to pay down the debt by a minimum of 100 billion a year. (And it would only take 140 years to pay it down at that rate. SHEEEESH!)

Time to lock up the liquour cabinet, guy.