Snow urges Congress to raise debt limit

Yahoo! News ^ | 12/29/05 | Reuters

[libertarianPA]

I think this is a good strategy. It's like a few weeks ago - I had a fever of 102 degrees. So, I took the thermometer, ran it under cold water, and my fever miraculously vanished.

[The_Republican]

Now THIS is the real bad news. The true danger. Murderous imbeciles in caves in Afghanistan could NEVER harm us in the way this can.

[Admin Moderator]

Get used to it. As the economy grows and the dollar continues to lose worth due to inflation, an increase in the debt ceiling is an annual event.

The only measure that matters in a real sense is the debt to GDP ratio, not the dollar amount.

[Sonny M]

Cut some dang spending.

[TexasCajun]

Who the hell do we owe $8.184 Trillion Dollars?

World Bank? others? Is there a list?

[IRememberElian]

If only we could get Republicans in office!

[Wormwood]

Bush can't even spell VETO, so what is the incentive for our congressional whores to stop spending?

[patton]

Us. Most of the US debt is held by US citizens.

[Extremely Extreme Extremist]

Government spending is out of control.

[TexasCajun]

In what form? that much in bonds?

[patton]

It was, yes. I don't know the current distribution.

[308MBR]

Nor harm our offspring they way this drunken spending spree definitely will.

COME ON GEORGE. I LOVE YOU LIKE A BROTHER, BUT FOR GOD'S SAKE PLEASE VETO SOMETHING!

Sorry to yell, but it seems the GOP leadership is deaf and definitely dumb on this subject.

[Uncle Vlad]

Can you say, "Weimar Republic?"

The Federal government can.

[Uncle Vlad]

We have Republicans in office. If only we could get some conservatives in office!

[Uncle Vlad]

I hear you! It's sickening to realize the GOP spends more money than Bill Clinton ever dreamt of spending.

[Chuckster]

When my wife asked me to request a higher limit on her credit card, I just told her to stop spending. Maybe that would work for the government.

[CGTRWK]

            
        Debt (trillion)  GDP (trillion)  Ratio
2000    5.67             9.82            0.58 
2001    5.81             10.13           0.57
2002    6.23             10.47           0.60
2003    6.78             10.97           0.62
2004    7.38             11.73           0.63
2005    7.93             12.44?          0.64

Nothing encouraging here.

[Hank Rearden]

Snow said that Treasury, if the debt limit was not raised by then, would have to take "extraordinary actions" to keep paying its bills for everything from Social Security to national defense spending.

Let's try that for a change.

[Hank Rearden]

It's sickening to realize the GOP spends more money than Bill Clinton ever dreamt of spending.

So, are you planning to vote for them again?