Posted on 10/03/2013 10:26:52 AM PDT by illiac
WASHINGTON (MarketWatch) -- House Speaker John Boehner has told colleagues he's determined to prevent a federal default and is willing to pass a bill raising the debt limit with both Republican and Democratic votes, the New York Times is reporting.
(Excerpt) Read more at marketwatch.com ...
He offers up raising the debt ceiling as a way to get 0bama to the table.
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What’s another trillion or two added to the debt at this point? We’re already beyond the point of no return. The ceiling will continue going up until it can’t (i.e., a mathematical limit to taxing, borrowing and printing which we’ve nearly exhausted).
The country has a ‘shop till you drop’ mentality. We’re not far from the drop.
An important distinction. Thanks for that.
It is easy to recognize the obvious PONZI SCHEME called Obamacare.
Obamacare has nothing to do with health, care, or medicine.
Obamacare has EVERYTHING to do with insurance.
Obamacare is a Federal Insurance Monopoly.
Obamacare is in violation of US Anti-Trust Laws.
Obamacare is a Federal Insurance Premium Collection Agency, aka FIPCA for Obamacare.
We CONSERVATIVES know that there will be other future Federal Insurance Ponzi Schemes, right down to the Insurance Premium collected for the inhaling of the EPA ruled toxic gas CO2.
Then FIPCA will be there to collect that CO2 Insurance premium from all citizens.
But I digress, so let us focus on the present.
If Boehner Caves In to the Court of Public Opinion, which is run by the Low Information Liberal “Mainstream” Media, and Obamacare is funded, Obama can then raise every year or quarter his Obamacare insurance premiums as high as he wants to, and the sorry US Congress can’t do anything about it.
Congress will thus be bypassed, and will no longer be needed in the future to fund the vote buying schemes of the social engineering POTUS.
Could Boehner be stupid enough to come up with his own Boehnercare Ponzi Scheme?
The debt limit is different than the CR, but both are the based on economic abominations: The CR is because there isn’t a budget, and the debt is because we spend more than we take in.
That simple: GET a budget AND spend only our income.
I don’t know what’s hard about that.
They will allow more debt. They don’t know how to do it otherwise. However, there should be a daily trigger on the debt that prevents expenditures above a certain rate.
Opening up a mega-billion dollar line of credit doesn’t mean you can spend it all in the first week and then complain that you need more. It needs to be based on a period of time, a rate of expenditure that consumes only 85% or less of the allowed amount in that period of time to cover unforeseen contingencies, and a shut-down of spending if that rate is exceeded.
As Professor Higgins once said, "I think she's got it!"
I think you’re onto something here. I would suggest however building in some more conditions like you did in the 200B part. That is, attach a couple more conditions to each of the 5/4/3 increases. The 500B, for example, should have some type of curb on Obamacare. Then add other desirable economic concessions to the remaining two parts.
Because they all operate on the unquestioned premise that they must spend more money than they take in taxes.
He’s already pushed us way passed the point of sanity. Why would he stop now?
If being flippant , not funny to those that have been.
It’s not caving if you’re getting what you want. What’s happening will only make sense when we realize Boehner is getting what he wants. Actions match philosophy.
Sounds like agitprop.
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NYT. Planted and slanted. Same ole, same ole for the NYT.
Light up the phone lines!
Why is this an issue? Debt payments are covered in the “shutdown”. Not raising the debt ceiling does not prevent the government from spending money, it prevents it from BORROWING MORE money. Debt payments, social security benefits, military retirement can continue to be paid.
Possibly, but we have to keep it simple. If not Keystone, then maybe something else, but keep it simple. It has to be a no-brainer, and I think KXL is about as no-brainer as it gets. Even the State Dept says it’s a no-brainer. It’s the simplest, dumbest policy decision of the Administration.
Attaching Obamacare conditions to the DebtCeiling has potentially disastrous consequences for us, for The Demagogues, and for America. Is this where the conservative movement wants to make its last stand...? It’s a negative sum game.
I think the deal is being struck. We get either an Obamacare delay, and/or no exemptions for Congress and Senate Staff, and Obama gets an unlimited credit card to deal the Death Blow to America.
Briefly thereafter, a new bill will be passed to exempt Congress and Senate Staff from Obamacare, and Obama will simply order Obamacare implemented anyways.
We get to theoretically ‘save face’ and Obama gets absolutely every last thing he wants.
America, of course, collapses five years earlier than it would have otherwise.
Heckuva job, guys!
Attaching Obamacare conditions to the DebtCeiling has potentially disastrous consequences for us
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Obamacare itself has potentially disastrous consequences for us. And not just financial. Obamacare is just the fist step toward single payer, completely government run healthcare and socialized medicine. Poor care with astronomical costs that will devastate the economy.
You’ll have to take my word for it. The wheels are already in motion to establish single payer. Obamacare is just the gateway for it.
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