occupied
Diamond Member
- Nov 8, 2011
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Rising population, ever greater challenges in some sectors and inflation means we will always have to raise the debt ceiling since when it comes right down to it we are politically incapable of further cutting spending or raising revenues. Accept it, deficit spending is here to stay as it is so much more politically safe than raising enough taxes to cover what we spend or cutting enough to meet our selfish desire to have our cake and eat it too.It isn't rocket surgery you know.
We know how much income we have. You spend that income until you don't have it any more, and then you stop.
You include things in your budget like, payments on the interest of our debt, payments on our debt, payments on our security.......things like that.....
There will not be a need for a debt ceiling because you do not incur any more debt.
If a budget is balanced, there is no deficit to increase the debt. That means we need only apply enough interest payments on our debt to keep it from being added to the debt, while making a principle payment on that debt.
What is left over is what gets debated on how to be spent.
So you propose to just throw in the towel on fiscal sanity in government?
Fuck, it's too early for this stupidity today...
I'm not proposing anything other than to give up on the idea that republicans are the road to meaningful deficit reduction, none of them are willing to really take the political fallout of deeply cutting spending and especially not raising taxes. All this crap over the last 4 years has been for no other reason than to protect the tax cuts at all costs and play at cutting spending.