The Debt Ceiling, Spending, and Fearless Leaders

Discussion in 'Politics' started by Foxfyre, May 17, 2011.

?

If you are in Congress, how do you vote? Please explain your answer.

  1. Just raise the debt ceiling and move on to more important things.

    4 vote(s)
    19.0%
  2. Raise the debt ceiling only if the same amount of spending is cut.

    7 vote(s)
    33.3%
  3. No raise in the debt ceiling period.

    8 vote(s)
    38.1%
  4. Other and I'll explain in my post.

    2 vote(s)
    9.5%
  1. Foxfyre
    Offline

    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

    Joined:
    Oct 11, 2007
    Messages:
    47,709
    Thanks Received:
    10,817
    Trophy Points:
    2,070
    Location:
    Desert Southwest USA
    Ratings:
    +14,436
    Yesterday there were some lackluster headlines that Bonior was 'ready to negotiate' on that pesky raising the debt limit thing.

    Well they didn't.

    Makes you wonder how many more 'creative' manuvers will be used to avoid dealing with the issue? And how serious a crisis is it anyway when those negotiating a deal aren't even going to meet this week?

    and PLEASE. Somebody explain to me how our fearless leaders HAVE to raise the debt limit and will do so if everybody agrees to cut spending.

    If they cut spending, why do they need to raise the debt limit?

    Does anybody besides me smell a rat here?
     
  2. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    if they don't want to raise the debt limit they'd need to cut current FY spending by about 50%.

    Short of collapse, that's simply not possible.
     
  3. Foxfyre
    Offline

    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

    Joined:
    Oct 11, 2007
    Messages:
    47,709
    Thanks Received:
    10,817
    Trophy Points:
    2,070
    Location:
    Desert Southwest USA
    Ratings:
    +14,436
    Why?
     
  4. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    Because you'd either have to:

    Cease all military operations worldwide and stop paying alll military personnel + end all discretionary spending - including DHS, NASA (Nevermind the guys up in space at the moment - we can't afford to keep an eye on them), The TSA etc....

    Or...

    End all payment to SS recipients and end all Medicare benefits + cut some discretionary spending.

    Either of those would be immensely contractionary, nevermind the other problems it would cause.
     
  5. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    Why not a mix of both with a goal of fully ending both?
     
  6. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    So, starting next month you want to shut down 50% of the military, end 50% of SS payments and 50% of Medicare payments and cut 50% of the budgets of every discretionary line item?

    It's one thing to endorse spending cuts. That's a valuable discussion. It's another to endorse immediate cuts that would send our economy into a prolonged contraction and threaten our position in the world.
     
  7. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,581
    Thanks Received:
    7,917
    Trophy Points:
    1,130
    Ratings:
    +12,168
    There was a headline on Drudge yesterday that said that America borrows $58,000 a SECOND!!

    If you or I max out our credit card, we HAVE to stop spending and start PAYING IT OFF. THAT is what our government HAS to do. The culture of SPEND, SPEND, SPEND LIKE THE WIND... **HAS** to end, period.

    No raising the debt limit. Cut spending, and do it NOW!

    START WITH OBAMACARE.
     
  8. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    We don't have any fearless leaders, let's clear that up right now.

    If we didn't raise the debt ceiling there would bre a strong likelyhood the economy would tank. I think decisive measures are needed, but not that extreme. It took awhile to get into this mess, we should take awhile to get out of it without undue stress and strain on people.
     
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    The cons will never vote to not raise the debt ceiling.

    It would be the death of their party
     
  10. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    I think many will vote against it- they'll just get together and figure out how many can vote against it while ensuring it still passes, then dole out those "no" votes to people in districts where bullshit buys votes.
     

Share This Page