Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

The Debt Ceiling Is a Fiscal Fraud: Abolish It
AMUSE on X ^ | 1 Jul, 2025 | @AMUSE

Posted on 07/02/2025 11:09:34 AM PDT by MtnClimber

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-28 next last

1 posted on 07/02/2025 11:09:34 AM PDT by MtnClimber
[ Post Reply | Private Reply | View Replies]

To: MtnClimber

Go after congress critter assets to pay off excess spending. It would stop quickly. Then the problem would be that the democRATs would want to spend on idiot projects to prevent Republicans from properly funding necessary government actions.


2 posted on 07/02/2025 11:09:58 AM PDT by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber
Congress is not the problem here. American voters are.

Staggering debt and fiscal insolvency is a natural feature of any nation or state built on democratic governance.

3 posted on 07/02/2025 11:25:37 AM PDT by Alberta's Child ("The gallows wait for martyrs whose papers are in order.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Alberta's Child

> Staggering debt and fiscal insolvency is a natural feature of any nation or state built on democratic governance. <

Yes, indeed. The Founders wisely protected against that by having Senators chosen indirectly - not by the voters, but by the state legislatures.

The 17th Amendment removed that protection. So here we are.


4 posted on 07/02/2025 11:32:32 AM PDT by Leaning Right (It's morning in America. Again.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: MtnClimber
The path forward is simple. Eliminate the debt ceiling. Require all congressional spending bills to include the borrowing authority needed to finance them.

Its a distinction almost without a difference.

Also, demanding generally that someone "require it," (who will "require it" by the way?) is a huge difference from Congress actually doing it.

5 posted on 07/02/2025 11:33:01 AM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88

It serves a very good purpose. It is the only gauge we have on what they spend even if the budget, spending, limits, ceiling is all fantasy. Fools.


6 posted on 07/02/2025 11:44:45 AM PDT by Oystir ( )
[ Post Reply | Private Reply | To 5 | View Replies]

To: MtnClimber

Exactly, get rid of it. It limits nothing and it cuts nothing. When its ‘deadline’ hits the spending in question has already been approved by congress so of course the limit will be raised.


7 posted on 07/02/2025 11:45:09 AM PDT by SaxxonWoods (The road is a dangerous place man, you can die out here...or worse. -Johnny Paycheck, 1980, Reno, NV)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88

There needs to be a way for citizens to sue their representatives for selling them into tax slavery. Maybe there is no way that representatives would pass such a law. Then there is nothing left but vigilante justice or to accept the suicide of your country. Both are bad, but which is worse?


8 posted on 07/02/2025 11:51:40 AM PDT by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SaxxonWoods

> It [the debt ceiling] limits nothing and it cuts nothing. <

True that. However, it is an occasional reminder of just how reckless Congress is when it comes to spending. For that reason alone I’m in favor of keeping it.


9 posted on 07/02/2025 11:53:02 AM PDT by Leaning Right (It's morning in America. Again.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: MtnClimber

Penalty - 10% of congressional salary, perks and retirement and 20% tax on all outside income included capital gains realized or unrealized per extra $500 B of debt increase.


10 posted on 07/02/2025 12:00:56 PM PDT by AndyJackson
[ Post Reply | Private Reply | To 2 | View Replies]

To: MtnClimber
Maybe my earliest memory of listening to national news on the radio was during a holiday weekend. They were talking about how many people were expected to die in accidents over the weekend and then switched to the debt ceiling (may have called it the debt limit).

I found it confusing because I didn't realize they had switched from "deaths" to "debt" since they are similar-sounding words and I couldn't imagine how Congress could limit how many people would get killed. This was when Eisenhower was President.

11 posted on 07/02/2025 12:01:43 PM PDT by Verginius Rufus
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

The proposal is a de facto debt ceiling. It merely uses a different method to impose it, bit by bit, inch by inch. If Congress does not have revenue to back a proposal they will include borrowing authority for it. Given that almost no spending is legislated as independent by independent bills for each department, the big omnibus bills will only need one voting for one agreement to borrow more.

In the end it will not change anything. The “approved” debt level will merely grow via a different process


12 posted on 07/02/2025 12:05:51 PM PDT by Wuli (uire)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

The Federal Reserve is a much bigger fiscal fraud.


13 posted on 07/02/2025 12:08:33 PM PDT by reasonisfaith (What are the personal implications if the Resurrection of Christ is a true event in history?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

I guess that means that my checkbook balance is a fiscal fraud too. I should just ignore it.


14 posted on 07/02/2025 12:11:46 PM PDT by Revel
[ Post Reply | Private Reply | To 1 | View Replies]

To: AndyJackson

You are far more lenient than I am. I would make it harsh, very harsh for all but unexpected changes in the economy. I would allow the lawmakers to live in government supplied single-wide trailers with no heat or AC and rice and beans every day until they can pay off their malfeasance.


15 posted on 07/02/2025 12:12:15 PM PDT by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: MtnClimber

You win. I have already advocated building a Potomac Alcatraz on the DC mall. I have no problem with housing Congresscritters there, so long as they have to live and eat in the general population with MS 13 and TdA.


16 posted on 07/02/2025 12:14:23 PM PDT by AndyJackson
[ Post Reply | Private Reply | To 15 | View Replies]

To: Wuli
In the end it will not change anything. The “approved” debt level will merely grow via a different process

That is what needs to be smacked in the head with a sledge hammer. There has to be serious consequences or nothing will change. Maybe it needs to be 1776 type changes, but something must be done.

17 posted on 07/02/2025 12:16:50 PM PDT by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: AndyJackson
I have already advocated building a Potomac Alcatraz on the DC mall. I have no problem with housing Congresscritters there, so long as they have to live and eat in the general population with MS 13 and TdA.

I actually like your plan. It does seem to be torture for MS 13 and TdA.

18 posted on 07/02/2025 12:21:08 PM PDT by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: MtnClimber

NO.

It is not a ‘fiscal fraud’.

The LIMITATION MUST STAY.

And they need to start taking it seriously !!!

WHERE IS MY BALANCED BUDGET !!!

{Crafty how Trump got the democrats to whine for one !}


19 posted on 07/02/2025 1:34:05 PM PDT by Pikachu_Dad
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

It’s just a squirrel distraction.


20 posted on 07/02/2025 1:42:44 PM PDT by Fledermaus ("It turns out all we really needed was a new President!")
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-28 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson