Definitely the born despot.
The Kenyan manchild has the GOOBs by the short hairs. They’ll let him win again.
Didn’t Bohner already agree to do that?
President Trayvon will just issue another executive order.
if they raise the ceiling, there is no reason for dems to ever stop spending
Don’t raise the debt ceiling, just keep the non-essential government workers fired.
Well taxes bring in like 250 billion a month ,so if Obama does not pay 30 billion on the debt then the default is all his
I just read another article that estimates the government shutdown only cuts spending by about 17%. The government normally spends about $1 trillion more than it takes in, so it borrows about one out of every four dollars it spends. Unless I’m misinterpreting this, we are continuing to run a deficit even with the government shutdown, albeit a smaller one than we would otherwise.
Behind closed doors the Repubs are attacking Cruz and Lee and however else happens to be Tea Party.
I expect the Clown to eat shinola.
“.........Obama said he does not expect to have to take any unusual steps......”
I want him to do it. I want to see him lawfully arrested.
Translation: I expect the Repub losers to fold, as usual.
For my part, the government can shut down until hell freezes over if that’s what it takes to stop Obamacare. Obama is demonically possessed and evil permeates his soul.
Cruz & Lee will be mocked by fellow Republicans.
The House leadership will go down faster than Monica Lewinsky on Bill Clinton.
Profligate spending last year leads to raising the debt limit.
Once again, committing generational debt with no end in sight.
I need to raise my credit card limit due to my spending habits.
None of this works out well in the end.
Why are this Admin. and Dem politicians and the MSM continuing to say we HAVE to raise the debt ceiling or the US will default on its debt? AFAIK, that’s a big lie.
Raising the debt ceiling just allows the US to BORROW more money, like increasing the limit on a credit card, so they can increase the amount of debt.
There is now more tax revenue being collected than ever before. From what I’ve read at various sources, that revenue is sufficient to service the debt and fund the entitlements and necessary functions of the US. Thus, keeping the debt ceiling where it is will NOT lead to a default.
If I’m wrong in my assessment, I welcome correction.
There is NO federal revenue or financial REQUIREMENT that without a raise in the federal debt limit the U.S. Tresury would have no choice but to default on any of the U.S. debt obligations comming due.
Any requirment to raise the federal debt limit, OR to avoid any need to raise the federal debt limit AND to not default on any U.S. debt obligations comming due IS mostly determined by federal spending, which (a) is adjustable in many ways and (b) is, unlike the U.S. debt, not a CONSTITUTIONALLY MANDATED federal government obligation.
By simply cutting federal spending by the amount of any perceived need for raising the debt limit there would be no need to immediatelty raise the federal debt limit, and whether or not there is any “budget agreement” that tells the treasury how to make up any shortfall, the Constitution gives the executive the authority and responsibility to make whatever spending cuts will offset that shortfall until there is a budget agreement; and with those cuts made, just like “sequester” did, for the treasury to just go ahead and AT LEAST pay any debt obligations coming due, no matter what else it does not pay right now.
What is being ignored in the whole public/media conversaation is tax rates and obligations on business and individuals are not “on hold” and MOST income based revenue to the federal government continues to flow into the treasury from whitholding taxes and business & self-employed individuals paying quarterly estimated taxes; as well as most other federal taxes and fees, which continue to get paid.
The “shutdown” is NOT as much a matter of revenue, as it is simply a budget allocation process deciding where it can be spent with regard to any change from where it is currently authorized to be spent. Sequester itself, is just another form of “automatic” spending cuts in the absence of a total annual federal budget agreement.
HOWEVER, constitutionally, if federal spending continues to cause a deficit that is higher than the current authorized federal debt limit will allow, the treasury, under the executive’s responsibility and authority can make additional “sequester like” cuts and still pay the only constitutionally mandated expense that MUST be paid - the debt obligations that come due.
Typical caving in in 3, 2, ...