Raising the Debt Ceiling to get a balanced budget is like Whoring for Virginity.

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

  1. miami_thomas
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    miami_thomas VIP Member

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    What point is it to raise the debt ceiling to get a balanced budget amendment? If you don’t raise the debt ceiling, you have to balance the budget. I think we are just getting more punting. I know everyone says that if we do not raise the debt ceiling our interest rates will go up. I know they say if we do raise the debt ceiling with no fixes the interest rates go up. I say don’t raise it. If the rates go up it does not matter as far as the federal government goes as they won’t be borrowing any money. It is time to balance and not raising it will force the budget to be balanced. If we do not want taxes, don’t raise it and cuts will have to be made. Simple as that just stop punting the ball down the road. As far that the republicans being blamed I don’t see the recent poll as saying they will be blamed. The same poll asks how many people think we should raise it and 70% said no. Then the same poll asks who will be responsible and it says the republicans. I think that is saying I don’t want the ceiling raised and the republicans will be the ones to stop it from happening. I think it is spin to make it look bad.
     
  2. 8537
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    8537 Senior Member

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    The debt ceiling isn't being raised to pay for future bills. It's being raised to pay the bills this congress has already agreed to.

    and a balanced budget amendment is pure folly.

    and anyone who has a passing familiarity with the Constitution and the rules of congress would know that a spending cap is also pure folly.
     
    Last edited: Jul 18, 2011
  3. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    miami_thomas fails to understand the context.
     
  4. traveler52
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    traveler52 Active Member

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    So, what your saying is that the Great Ronnie God...The Rectum himself was a whore? Ronnie raised the Debt Ceiling Seventeen (17) Times while in Office. The shrub was a whore as well? georgie porgie raised the Debt Ceiling Seven (07) Times.

    Good on you for admitting what I've known all along.l
     
  5. miami_thomas
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    miami_thomas VIP Member

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    Look I don't care if it is the Dems or the GOP we have to stop spending ourselves into oblivion.
     
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  6. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    The Constitution says we must deficit spend? Who knew?

    :lol:
     
  7. miami_thomas
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    miami_thomas VIP Member

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    I know that it is being raised to pay the bills now. And this congress was put on the spot to pass this budget since last years congress could not pass a budget.

    Borrowing and Taxing falls is the responsibility of congress. The constitution says we will pay our debts and we will. We just have to cut other things and live within our means.
     
  8. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Next no doubt we'll get an insane lecture as to why to ensure our AAA credit rating we must borrow more money.
     
  9. miami_thomas
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    miami_thomas VIP Member

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    I never understand the statement we can not have a balanced budget. Are we to believe the only way the US can continue is to be in the negative every single year? Are we to borrow forever and never decrease the debt? You can not continue borrowing on the future regardless of the amount. Eventually people will start to realize that you are getting to the point you will never be able to pay your debt and stop lending us money. It is a matter of when not if. The only real question is do we wait until we are so far in debt that we could never pay it back or do we stop ourselves now while it is bad but not irreversible?
     
  10. 8537
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    of course we can have a balanced budget. We've had them, in fact.

    That doesn't mean that an amendment to the Constitution requiring one has any chance of passing, nor does it mean Congress would use it.
    So when interest rates start to increase we'll know we've reached those limits.
     

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