Truthmatters
Diamond Member
- May 10, 2007
- 80,182
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- #61
so you think defaulting on our debt would improve our credit?
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We are definately on that trajectory; the debt cannot grow continuously! Why wouldn't it stop our borrowing?Thwart - my key board is sticking badly. If we were on a path of destruction because we were borrowing and spending more than what we can pay back, and the service on that debt was becoming to burdensome, is denying an increase an option?how would it twart distruction you fool?
and you pose that that is where we are?
No that would NOT Fix anything though
Congress has raised the debt ceiling 78 times since 1960.
True.......but it's never been this high, has it?
If you want to become Greece get rid of the debt-ceiling.
The debt ceiling does not curtail spending, congress can, does, and will continue to raise it as high as they want.
I understand full well the mechanics involved. Stop beating around the bush. If we were on a path of continued borrowing, would it make since to default? If financial collapse comes we will have no credit!You see the lower your rating the MORE you pay to barrow
If Obama, and Reid remains obstinate on spending cuts, should the House block a debt cieling
raise - we are on a unsustainable coarse ?
Is it a requirement for modern day conservatives to be either barely literate and/or completely lazy?
I completely undersand that.True.......but it's never been this high, has it?
If you want to become Greece get rid of the debt-ceiling.
The debt ceiling does not curtail spending, congress can, does, and will continue to raise it as high as they want.
I'm sure they will.....and lose the confidence of lenders in the process. We've already dropped our credit rating once already and it's getting to the point that nobody trusts our government anywhere. Their reckless actions have made us a joke in the world economy. Soon nobody will lend us any.
Obama has been trying to minimize the debt by monetizing it through Quantitative Easing. Printing billions of dollars to keep beneath the debt-ceiling causes inflation and basically steals from you and me. The value of our cash sinks as that reckless POS spender continues to spend. It's basically a tax on all of us.
Congress has raised the debt ceiling 78 times since 1960.
True.......but it's never been this high, has it?
If you want to become Greece get rid of the debt-ceiling.
The debt ceiling does not curtail spending, congress can, does, and will continue to raise it as high as they want.
I understand full well the mechanics involved. Stop beating around the bush. If we were on a path of continued borrowing, would it make since to default? If financial collapse comes we will have no credit!You see the lower your rating the MORE you pay to barrow
I understand full well the mechanics involved. Stop beating around the bush. If we were on a path of continued borrowing, would it make since to default? If financial collapse comes we will have no credit!You see the lower your rating the MORE you pay to barrow
Do you understand that raising the debt ceiling IS NOT "continued borrowing"??
did you guys even LOOK at the chart of who caused the debt?