Should we raise the Debt Ceiling?

Discussion in 'Economy' started by Jackson, Jan 6, 2011.

  1. Jackson
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    Jackson Gold Member Supporting Member

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    We are coming to a cliff. Either we raise the debt ceiling, reduce our deficit or default on our obligations. If we continue to raise our limit, it is meaningless and we haven't leaned anything. But likewise, it could be a catastrophe.

    Should we make cuts right away and apply them to the deficit so we can show the world we are serious about our debt, ganing world confidence again? Negotiate cuts to pass them right away?

    Or have a showdown in Congress and with the Administration? Or take the easy route and just increase the limit. Or a combination?

    Let's debate.
     
  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    No. Don't raise it. It's called a ceiling for a reason, we're not supposed to go through it.

    I would love to see a nasty showdown on the Hill about this. It'll separate the men from the boys. We'll see understands it all and who's really serious about this.
     
  3. Truthmatters
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    Truthmatters BANNED

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    See what I mean , the right has lost its fucking mind
     
  4. zzzz
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    zzzz Just a regular American

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    Pass an amendment that states that the Federal Goverment cannot pass a budget that calls for more spending than receipts. Here in Indiana it is working and it forces the legislators to make those hard decisions on spending and taxes and they have no choice in the matter. Congress will always make an exception when rules are made but an amendment cannot be ignored!

    ***No choice but to raise debt limit at present***
     
    Last edited: Jan 6, 2011
  5. JWBooth
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    JWBooth Gold Member

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    Cliff or brick wall.
    Either way, refuse to raise it and learn to live within our means.
     
  6. Truthmatters
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    Truthmatters BANNED

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    they really live in a fantsy land
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    As Obama himself said in 2006 (when he voted against raising the debt ceiling):

    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. government can't pay its own bills."

    His leadership has resulted in a massive increase in the debt - and it's an EPIC FAIL.
     
  8. Jackson
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    Jackson Gold Member Supporting Member

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    I agree with the amendment.
     
  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The problem with that is the definition of budget. Passing a budget is easily gamed the way the government does accounting.

    The government should not be able to pay in cash outlays more than in collects in cash tax receipts - in addition to being required to do a complete impact assessment of legislation (consitutionality, impact on the economy, impact on individual liberty...).
     
    Last edited: Jan 6, 2011
  10. ba1614
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    ba1614 Silver Member

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    No

    Enough is enough, cut EVERYTHING, and cut it now. I would rather pay the price for the current mess than expect my innocent of this bullshit Grandchildren pay it.
     

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