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


1 posted on 04/30/2011 1:44:25 PM PDT by Laissez-faire capitalist
[ Post Reply | Private Reply | View Replies ]


To: All

Surely this is all Geithner wants... /s.


2 posted on 04/30/2011 1:46:20 PM PDT by Laissez-faire capitalist
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

If the ceiling is raised, they will take that as free reign to spend spend spend spend spend.


3 posted on 04/30/2011 1:47:10 PM PDT by Darksheare (You will never defeat Bok Choy!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

>Would Geithner Be Content With A Debt Ceiling Raise Just Enough To Avoid Defaulting...

No, because they will still spend money that they don’t have and then we’ll have another “Debt Ceiling Raise Just Enough To Avoid Defaulting” ad infinitum.


4 posted on 04/30/2011 1:47:50 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist
Geitner is being flat out dishonest on this issue. The debt ceiling could be frozen and we would not default. We would have money to pay the necessary bills, we would just have to cut back (a lot) in other areas.

The politicians in both parties do not want to cut spending -- that is why they will raise the debt ceiling: they INTEND to take us further into debt.

7 posted on 04/30/2011 1:51:50 PM PDT by ClearCase_guy
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

The government collects $150 billion in taxes a month after interest payments.

The government spends $260 billion in taxes a month.

Cut $110 billion. EPA, DOE, HUD, the three initial departments that can disappear are endless.


11 posted on 04/30/2011 2:15:05 PM PDT by struggle ((The struggle continues))
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

Current revenues are sufficient to pay the interest on the debt without default. If this were not so, we would already be in default. Current revenues are not sufficient to pay the interest payments AND pay for all the other programs/obligations already on the Federal plate. This is why we have a yearly deficit. Without a debt ceiling increase, program cuts across the board will be forced, which Congress is obviously loathe to do themselves. I believe that is EXACTLY what should happen.

The only reason they want to raise the debt ceiling is to BORROW/SPEND MORE MONEY.

It is as simple as that!


12 posted on 04/30/2011 2:48:14 PM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

Tim, it’s Visa on the phone again for you...


13 posted on 04/30/2011 2:57:43 PM PDT by PieterCasparzen (Huguenot)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist
Raising the debt ceiling has absolutely positively NOTHING to do with defaulting on our debt. Capisce?
14 posted on 04/30/2011 3:01:57 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist
Couldn't we dismiss enough Federal employees so that the savings matches the interest payment?

ML/NJ

15 posted on 04/30/2011 3:06:51 PM PDT by ml/nj
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

Shouldn’t Republicans be lowering the debt ceiling?

Why is the argument about (how much) to raise it?

Lower it. Then keep lowering it.


16 posted on 04/30/2011 3:09:23 PM PDT by Cringing Negativism Network (Birther on Board)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

Simple, balance this year’s budget...no debt ceiling increase needed!
As others have said, potential default has nothing to do with the debt ceiling...current tax revenues are vastly more than enough to cover current interest payments.


18 posted on 04/30/2011 3:55:43 PM PDT by Drago
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Laissez-faire capitalist

Maybe I am Stupid, but it seems to me that if you REFUSE TO BORROW ANY MORE MONEY, ie. not raise the debt ceiling, That is, By Default, a BALANCED BUDGET. So why in the hell do we need some silly “Balanced Budget Amendment”???????


19 posted on 04/30/2011 5:40:03 PM PDT by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies ]

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