If the spending bill adds $0 to the debt, why does the debt ceiling need to be raised?

[TNHarley]

...Your "guy" thinks that US defaulting on it's debt, completely crashing the economy and sending interest rates through the ******* roof COSTS nothing?

Maybe you need to go talk to some other guy and get a clue.

Biden will save us! My intellectual superiors told me so!!!

 

[ColonelAngus]

Let's mint a $100 trillion coin and deposit it into the FED!!

What better way to prove that our entire economy is based on BULLSHIT.

 

[AntonToo]

I was thinking the EXACT same thing.....shit.....make it $100 trillion.

...or if DEBT does not matter...just spend $100 trillion and put in on our credit card.

...just deposit a freshly minted $100 trillion COIN!!

The is left wing communist cuckold ****** asshole economics.

Deficit and Debt matters.

It is measured against GDP and if that ratio gets out of controll like it did for countries like Greece and Spain, the bond market will lose trust in America's good faith and credit, which will cause the interest rates on our borrowing to go through the roof.

....though there is a MUCH FASTER way for the world to lose trust in America beeing able to meet it's obligations - JUST DON'T RAISE THE DEBT LIMIT AND DEFAULT.

 

[Flash]

"Hey, lets borrow money to fund worthless government agencies and welfare, what could possibly go wrong?"

 

[debbiedowner]

If there is $0 added to the debt…..YOU DO NOT NEED TO RAISE THE CEILING.

If it is going to add to the debt….

COLLECT THE MONEY…..THEN SPEND IT WHEN YOU CAN PAY FOR THE BILL.

Just use your common sense. This is all a lie.

If you believe these $5 trillion of spending will add $0 to the debt, you are a special kind of dumb asshole.

This might be able to make some, maybe not you, understand the difference.

What the debt ceiling is, and why you should care about it

If you've ever wondered what exactly the debt ceiling is, you're not alone. Here's what it is and some of the real-world impacts it can have.

abcnews.go.com

 

[debbiedowner]

who told you that the "bill is free"?

It is NOT FREE, which is why we need to borrow against national debt TO PAY IT.

No sense in going any farther with these people they're as dumb as a ******* rock.

 

[TheGreatSatan]

who told you that the "bill is free"?

It is NOT FREE, which is why we need to borrow against national debt TO PAY IT.

You obviously don't pay attention.

Tell us how much Joe said the 3.5 trillion dollar plan will cost.

 

[bendog]

Seriously? Are you serious?

Seriously Frank, do you understand why we'd need to raise the debt ceiling without any new spending appropriation?

Come on guys, This is not hard stuff.

 

[bendog]

Remember the revenues it produced? Expanding business and low unemployment? All more money collected in taxes.

It was revenue neutral. The govt would have taken in roughly the same under the old law.

 

[Lastamender]

It was revenue neutral. The govt would have taken in roughly the same under the old law.

Can you prove that?

 

[AntonToo]

You obviously don't pay attention.

Tell us how much Joe said the 3.5 trillion dollar plan will cost.

You still don't get it. 3.5 Trillion dollar bill has NOTHING to do with raising the debt limit by next week to keep funding the government.

If Republicans don't want 3.5 Trillion dollar bill then they should oppose that bill, not the basic funding of government.

 

[Nostra]

Because the debt ceiling is on money we already spent not proposed funding

How did they spend money in excess of what the debt ceiling allowed, Stupid?

And if they could we wouldn’t need to raise it now…….just spend the money.

 

[Nostra]

You know who said that it will add $0 to debt?

NO ONE.

Biden.

 

[Nostra]

...Your "guy" thinks that US defaulting on it's debt, completely crashing the economy and sending interest rates through the ******* roof COSTS nothing?

Maybe you need to go talk to some other guy and get a clue.

Did any of that happen during the past 21 shutdowns of more than 10 days?

 

[Nostra]

No it isn't. It's about FUNDING THE GOVERNMENT OBLIGATIONS NEXT WEEK.

If the debt limit is not raised by Oct 18th US will default and economy will crash. It's as simple as that.

Did the economy crash in any of the past 21 shutdowns?

 

[Nostra]

who told you that the "bill is free"?

It is NOT FREE, which is why we need to borrow against national debt TO PAY IT.

If it costs “zero dollars”; isn’t that free?

 

[BluesLegend]

If there is $0 added to the debt…..YOU DO NOT NEED TO RAISE THE CEILING.

Well you see it's like this, um well the debt ceiling is ah, well the $3.5T is um well it cost zero yes but um, ah well...but but but TRUMP, the GOP

 

[BluesLegend]

If it costs “zero dollars”; isn’t that free?

Yes using the Biden calculator spending $3.5T cost $0.00 so that's like a free $3.5T to spend. I tried to convince my bank I owed them $0.00 using Biden's logic but they laughed.

 

[Lesh]

If there is $0 added to the debt…..YOU DO NOT NEED TO RAISE THE CEILING.

If it is going to add to the debt….

COLLECT THE MONEY…..THEN SPEND IT WHEN YOU CAN PAY FOR THE BILL.

Just use your common sense. This is all a lie.

If you believe these $5 trillion of spending will add $0 to the debt, you are a special kind of dumb asshole.

Read this slowly moron

EXISTING OBLIGATIONS

Ya know that 8 trillion dollar debt that Trump racked up?

 

[Lesh]

How did they spend money in excess of what the debt ceiling allowed, Stupid?

And if they could we wouldn’t need to raise it now…….just spend the money.

That’s what they do STUPID

Been that way for 100 years.

They pass the spending bills and then have to authorize the borrowing to pay for it.

That’s literally how it works.