Do you favor default on debt ceiling limit?

Discussion in 'Politics' started by shintao, Jul 18, 2011.

  1. shintao
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    shintao Take Down ~ Tap Out

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    This a simple question, yes or no will do for an answer. Only two men here have responded to the question, (AvorySuds, Liberty), the rest of the cons are cowards to answer the direct question about themselves. Fact is, I think they favor raising the debt ceiling limit, but don't want to get wet pantys by expressing an opinion, a truthful yes or no answer. How about YOU??

    Do you favor default on debt ceiling limit?
     
  2. iamwhatiseem
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    iamwhatiseem Gold Member

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    Yes and no.

    yes...temporarily to 15 T, however the debt ceiling for 2012 - 13T, and the Debt Limit goes down by 1 Trillion every year till gone.
    The law need to be made so that it is irreversible by future officials except in case of war or extraordinary threat to human life.

    - Oh and the Debt ceiling reduction MUST be a result of spending reductions - not higher taxation.
     
  3. Oddball
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    Phony question.

    Failure to raise the debt ceiling will only result in default if spending isn't cut.

    The feds are taking in plenty of money to pay the bills.
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    NO! I do not favor defaulting on any of our obligations, least of all to the bondholders of our debt. I do think the debt ceiling will be raised, maybe not until a few days after the Aug 2nd deadline, but it's gonna happen IMHO. Many TPers say the ceiling should not be raised, but they're wrong because the economic hit of reducing our gov't spending by 44% as the Bipartisan Policy Center has said would be a hard hit to the economy. I favor a much more moderate approach, cut small this year and gradually increase the spending cuts to include the entitlement programs and defense too. I would not raise taxes until the economy gets going and UE drops to maybe 7% or so. I wouldn't mind trading reducing or eliminating many tax breaks, loopholes, or subsidies if the tax rates were qually reduced to balance it out.
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    That question doesn't even make sense. How do you default on the debt ceiling limit?
     
  6. Avorysuds
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    Avorysuds Gold Member

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    I assume you mean do "you" support default over raising the debt ceiling?

    Yes, if we have no plan to get the debt under control. Currently we have very little information on the GOP's plan so I should make no comment but we do have Obama's plan and it will inevitably lead to default as it grows the deficit by I think 20 trillion but claims raising taxes will knock 4 trillion off that number making it 16 Trillion added to the deficit over 10 years... So Obama currently supports defaulting on the future bills and I don't support that.

    I support massive cuts and then and only after cuts are done looking at the tax code. Raising taxes has its own repercussions and revenue will not be as projected, beyond that it will account for about 1/15th of the *growing* deficit every year… even doubling the raising of taxes Obama wants would not cover a meaningful amount of the *growing* deficit and would have a huge impact on the economy for years to come, possibly putting us in a never ending depression.

    So, I support cuts over default but defaulting now over later when we have vastly more debt to deal with like Obama has put up as an option.
     
    Last edited: Jul 18, 2011
  7. Oddball
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    Liberoidals...Can't even decide on which dishonest semantics they want to use. :lol:
     
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  8. shintao
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    I know it is complicated for you, you are confused & don't know which way to turn. IF you don't increase the debt ceiling you send the nation into default on its obligations, and you "Default." Understand that?

    So do you favor increasing the debt ceiling to prevent default or defaulting by not increasing the debt ceiling??

    Boy, I hope you undertsand that........:eusa_angel:
     
  9. shintao
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    And you can't even answer yes or no lil coward. Where does that leave you.:lol:
     
  10. Oddball
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    There is no matter-of-course default if the debt ceiling isn't raised, fool.
     

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