What ceiling?

Discussion in 'Congress' started by jreeves, Nov 10, 2009.

  1. jreeves
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    jreeves Senior Member

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    Failing to raise the debt limit is "not an option," House Majority Leader Steny Hoyer (D-Md.) said Tuesday.

    Hoyer encouraged colleagues to raise the federal debt limit, but said that Congress must take serious steps in the future toward addressing its long term deficits and debt.

    Sen. Evan Bayh (D-Ind.) demanded Tuesday that an increase in the debt ceiling be accompanied by the creation of a bipartisan commission to examine the deficit, a topic on which Hoyer showed some openness, but was ultimately noncommittal.

    "While failing to increase the debt limit is not an option, the need to raise the debt limit should be accompanied by a serious discussion about possible actions we can take to deal with our fiscal challenge," Hoyer said in a statement. "Putting in place a mechanism to deal with our long-term fiscal shortfalls, as well as legislation restoring statutory PAYGO, should be a part of that discussion."

    Hoyer noted some senators' support for the commission -- which he has previously endorsed -- but did not say specifically whether it should be tied to the debt ceiling vote.

    "I look forward to working with my colleagues in the House and Senate on these and other actions to deal with our fiscal challenges," he said.

    Hoyer: Failing to raise debt ceiling 'not an option' - The Hill's Blog Briefing Room

    Appoint a commission to examine the deficit? So spend money to save money...:cuckoo:

    How about spending less money than you take in, in tax revenue? Omg I just saved us millions of dollars right off the bat.
     
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  2. Polk
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    Polk Classic

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    So what gets cut? Social Security? Medicare? Defense spending? Yeah, none of those things are happening.
     
    Last edited: Nov 11, 2009
  3. Claudette
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    Claudette Gold Member

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    Jeeze. Sure wish I could raise my debt ceiling. How about you???
     
  4. veritas
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    veritas OBKB

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    Single payer, stop the wars........tax the shit out of Wall St.

    Surplus achieved.
     
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  5. Polk
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    Polk Classic

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    Also, it would be a lot easier to take these deficit concerns more seriously if several of these same members had not vote for a 250 billion dollar tax cut for the children of multi-millionaires earlier this year,
     
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  6. jreeves
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    jreeves Senior Member

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    Yeah right after the Obama administration gets done delivering their swine flu vaccines. Isn't it interesting, H1N1 vaccine shortages yet Wall Street gets the vaccines?

    Btw tax the shit out of Wall St. and watch the markets crash, brilliant. :cuckoo:
     
    Last edited: Nov 12, 2009
  7. jreeves
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    jreeves Senior Member

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    Umm...lets see here maybe cut all the stimulus checks to prisoners, stop the funding for multi-million dollar turtle tunnels in Fl., do we really need to fund frisbee golf parks with tax money?, how much money do we need appropriated for signs stating this project was financed by the American Reinvestment Act?, Should tax payers be paying for olive fruit fly research?, Does the United States military really need to be in every country that we currently have troops in?.....etc....

    Just a beginning....
     
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    Last edited: Nov 12, 2009
  8. jreeves
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    jreeves Senior Member

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    Yes after all we should tax dead people.
     
  9. ba1614
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    ba1614 Silver Member

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    Well it's only "fair" for someone who busted their nuts to acquire 2-3 mil in a lifetime of work to give 55% of their already taxed property to the government to distribute to those who wouldn't do what is required to succeed. After all, that is "rich", and it's these evil people who are responsible for all the planets ills anyway.
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    What to cut:
    Let's start with all funding for the arts. Then we can go to the entire dept of education, move their statistical functions to Treasury. Then get rid of Fannie/Freddie and FhA. From there reduce Dept of Agriculture budget by 90%, keeping only the statistical gathering parts. End aid to states at tthe same time you remove unfunded mandates to states. It's a wash.
    Use the savings to cut corporate tax rates and institute a flat tax. Watch the economy grow like mad and use the tax revenues to pay off the debt. Done.
     

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