Congress got it horribly wrong

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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

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.

Complete insanity is paying a half trillion a year in interest. Somewhere along the line hard cash should have been invested and income from that investment would keep taxes low. Imagine spending money we have!

 

[kyzr]

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?

We disagree. The DC whores need to get after every tax dollar owed, especially the off-shore ones and the loop-hole ones. If they don't then that shows how bribed they are and voters need to replace them. I want to see the T-Party go after tax dollars. If they subscribe to the "ONLY LITTLE PEOPLE PAY TAXES" policy then we're parting company.

 

[Quantum Windbag]

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.’

Is that really what happened?

The Tea Part went into Congress with a single goal, reduce the debt. When the budget vote came up they were shut out by the regular Republican/Democrat compromise and ended up with a cut of $38 billion dollars on the projected increase in spending over the increase that was already built into last years budget. They thought that sucked, and said so.

Then the debt ceiling increase came and they said we will give you an increase if you agree to a balanced budget amendment. The compromers balked at that, and they expected the Tea Party to back down. The Tea Party insisted that we need to reduce the debt, and they were winning the debate in the polls. The compromisers held out, demonized them, and accused them of playing politics with the nation's credit rating and the economy.

I still do not see a BBA, but no one's taxes are going up, and the Tea PArty sill wants a BBA, as does a solid majority of the people.

It looks to me like the problem is the idiots who insist that they are compromising despite the fact that they are not giving the people the one thing they want.

 

[SFC Ollie]

Lowering the deficit still means spending more money than we have. Eliminating the deficit is what we need and must do.

If not now, when?

 

[Too Tall]

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.

There are dozens of left wing Democrat loons that chair all of the Senate committees that are empowered to investigate off shore tax cheats. The Obama administration has control of the FBI and the Justice department who are equally able to investigate and prosecute criminal activity.

You seem to believe that 'Wellstone's plane crash was a conspiracy or murder rather than a tragic accident. Do you consider the lack of an investigation a conspiracy as well?

Just sayin'

 

[Mr.Nick]

Taxes were never authorized by the constitution, not to mention taxation violates the Fourth Amendment of the Bill of Rights.

 

[whitehall]

Horribly? Hostage? Strong words. Maybe you should look them up instead of spouting knee-jerk left wing cliches. Ask yourself chris, would Obana and the democrats be talking about spending cuts if it wasn't for the GOP majority in congress? We would be slip sliding away into the 3rd world under total democrat leadership spending sprees. One day we would wake up and the street signs would be spelled in english, hispanic and chinese. Then democrats would blame Bush.

 

[hellofromwarsaw]

NOBODY"S given any details as to what these cuts will be- a stupid manufactured crisis and a stupid solution, all for the dupes and ANOTHER delay for the recovery. How 'bout the Pubs allow some JOBS bills to pass- some right out of their playbook. NOBODY should cut spending - or raise taxes (Obama NEVER wanted to until 2013, numbskulls- D'OH!!

 

[SFC Ollie]

NOBODY"S given any details as to what these cuts will be- a stupid manufactured crisis and a stupid solution, all for the dupes and ANOTHER delay for the recovery. How 'bout the Pubs allow some JOBS bills to pass- some right out of their playbook. NOBODY should cut spending - or raise taxes (Obama NEVER wanted to until 2013, numbskulls- D'OH!!

So 14 trillion Dollars is a manufactured crises? That would be 140 Billion Dollars a year Plus interest and would take 100 years to pay it off. And this is a manufactured crisis??

If we don't get it under control, when should we?

 

[Chris]

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?

Actually we do have a revenue problem.

We have the lowest tax rate of any of the industrialized nations, except for Japan and Spain.

And Japan and Spain are not trying to police the planet.

 

[Chris]

NOBODY"S given any details as to what these cuts will be- a stupid manufactured crisis and a stupid solution, all for the dupes and ANOTHER delay for the recovery. How 'bout the Pubs allow some JOBS bills to pass- some right out of their playbook. NOBODY should cut spending - or raise taxes (Obama NEVER wanted to until 2013, numbskulls- D'OH!!

So 14 trillion Dollars is a manufactured crises? That would be 140 Billion Dollars a year Plus interest and would take 100 years to pay it off. And this is a manufactured crisis??

If we don't get it under control, when should we?

When we repeal the Bush tax cuts and get out of Iraq and Afghanistan.

 

[Full-Auto]

NOBODY"S given any details as to what these cuts will be- a stupid manufactured crisis and a stupid solution, all for the dupes and ANOTHER delay for the recovery. How 'bout the Pubs allow some JOBS bills to pass- some right out of their playbook. NOBODY should cut spending - or raise taxes (Obama NEVER wanted to until 2013, numbskulls- D'OH!!

So 14 trillion Dollars is a manufactured crises? That would be 140 Billion Dollars a year Plus interest and would take 100 years to pay it off. And this is a manufactured crisis??

If we don't get it under control, when should we?

Correction..............................................

Debt service this year will top a half trillion dollars.

 

[SFC Ollie]

NOBODY"S given any details as to what these cuts will be- a stupid manufactured crisis and a stupid solution, all for the dupes and ANOTHER delay for the recovery. How 'bout the Pubs allow some JOBS bills to pass- some right out of their playbook. NOBODY should cut spending - or raise taxes (Obama NEVER wanted to until 2013, numbskulls- D'OH!!

So 14 trillion Dollars is a manufactured crises? That would be 140 Billion Dollars a year Plus interest and would take 100 years to pay it off. And this is a manufactured crisis??

If we don't get it under control, when should we?

When we repeal the Bush tax cuts and get out of Iraq and Afghanistan.

You can tax the Billionaires at 100% and still not pay the debt. Wits not the revenue, it's the spending. Get the spending under control and I might think about a tax increase.

But not on one group of people. If you want to repeal the Bush tax cuts then do it across the board the same way they were given. I can then promise you that the Republicans will retake the White house and the Senate.

 

[Chris]

So 14 trillion Dollars is a manufactured crises? That would be 140 Billion Dollars a year Plus interest and would take 100 years to pay it off. And this is a manufactured crisis??

If we don't get it under control, when should we?

When we repeal the Bush tax cuts and get out of Iraq and Afghanistan.

You can tax the Billionaires at 100% and still not pay the debt. Wits not the revenue, it's the spending. Get the spending under control and I might think about a tax increase.

But not on one group of people. If you want to repeal the Bush tax cuts then do it across the board the same way they were given. I can then promise you that the Republicans will retake the White house and the Senate.

Repeal the Bush tax cuts and get out of Afghanistan and Iraq.

The vast majority of the debt came from the Bush tax cuts, two unfunded wars, and Bush's unfunded drug program.

Do a little reading, my friend.

 

[skookerasbil]

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?

Actually we do have a revenue problem.

We have the lowest tax rate of any of the industrialized nations, except for Japan and Spain.

And Japan and Spain are not trying to police the planet.

So whats the point meathead? Taxes arent going up because the jobless rate is aleady almost 10% and the Keynesian model is a goof.

So whats the point?

 

[skookerasbil]

When we repeal the Bush tax cuts and get out of Iraq and Afghanistan.

You can tax the Billionaires at 100% and still not pay the debt. Wits not the revenue, it's the spending. Get the spending under control and I might think about a tax increase.

But not on one group of people. If you want to repeal the Bush tax cuts then do it across the board the same way they were given. I can then promise you that the Republicans will retake the White house and the Senate.

Repeal the Bush tax cuts and get out of Afghanistan and Iraq.

The vast majority of the debt came from the Bush tax cuts, two unfunded wars, and Bush's unfunded drug program.

Do a little reading, my friend.

Again......a political meathead.

The is a politics forum s0n.........NOT a philosophy forum!! The HOUSE is controlled by the GOP...taxes aint happening. Its that simple. You're in the wrong forum.

 

[AmericanFirst]

Keep the people scared and rob them blind

Typical dimwit strategy

 

[Chris]

Keep the people scared and rob them blind

Typical dimwit strategy

It worked for George Bush.

 

[AmericanFirst]

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.

That is because the op is a liberal, no logic to him.

 

[AmericanFirst]

Keep the people scared and rob them blind

Typical dimwit strategy

It worked for George Bush.

Bush was better than obamaturd any day of the week.