Government Spending Drives Debt Limit Higher

Discussion in 'Politics' started by P@triot, Jan 7, 2013.

  1. P@triot
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    P@triot Gold Member

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  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says dat oughta lead to some more gridlock...
    :eusa_eh:
    No Hike in Debt Limit Without Deal to Balance Budget
    January 17, 2013 – In a memo that will be delivered to House Republican leaders at their annual meeting in Williamsburg, Va., conservative leaders are saying: Don't cut a deal with President Obama to increase the debt limit unless it cuts spending immediately and puts the federal government on a fiscal path that balances the budget within 10 years.
     
  3. BreezeWood
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    BreezeWood VIP Member Supporting Member

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    Government Spending Drives Debt Limit Higher


    [​IMG]


    It's really sad how dumbocrats are collapsing the U.S.


    Odd how you blame Democrats when Bill Clinton went 5 years without raising the debt limit - that was then raised by Bush his first year in office.

    the graph also shows, just a massive increase in the overall economy.
     
    Last edited: Jan 19, 2013
  4. jwoodie
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    jwoodie Gold Member Supporting Member

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    *Republican Congress 1997-2001. Nice try.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Obama Would Support Short-Term Debt Limit Increase...
    :eusa_eh:
    White House: Obama would sign short-term debt limit increase
    WASHINGTON | Tue Jan 22, 2013 - The White House on Tuesday welcomed signals by Republican leaders in the House of Representatives that they aim to pass a nearly four-month extension of the U.S. debt limit, saying the move defuses fears of a damaging U.S. debt default.
    See also:

    Clouds over Obama's 2nd term
    Pat Buchanan: Expectations for presidents are much lower than 'when we were young'

     
  6. ilia25
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    ilia25 I can do math

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    You are such a dumbass :) The US government budget was 1.3 million in 1779. You think that sum would be enough for government to function if only we rein in on entitlements?
     
  7. P@triot
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    P@triot Gold Member

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    "Rein in entitlements"? No. Get rid of those unconstitutional disasters along with unconstitutional departments such as education, energy, etc.? Well, you'd be amazed what we could run our federal government off of if it were constitutional. It would be more than $1.3 million certainly, but a hell of a lot less than the obnoxious, nation-collapsing amount required as it stands now.
     
  8. ilia25
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    ilia25 I can do math

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    Certainly! And that is the point -- the main drivers of the spending growth over the long term are population growth, inflation and rising productivity. In other words, the spending grow with the economy.

    And it means that the debt limit is a ridiculous idea, as it has to raised on a regular basis.
     

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