Posted on 02/02/2011 11:35:33 PM PST by speciallybland
We see things as they really are.
LLS
We see things as they really are.
LLS
Boehner on FOX last Sunday, called Obama’s “ACTIONS”, the “right thing to do”. I nearly fell off my chair and passed out from the blood rushing through my eyeballs!
ALL of the leadership are traitors... they are all playing for the left.
LLS
A mind is a terrible thing to waste son!...........
Just take a look at history and get back to us. Then try to inform us about how run away spending will save this economy! You see, some of us have actually been there and done that. Yet you insist on correcting us anyway.
Simple Truth from John Valentine Bump -
“If we are simply going to raise the debt ceiling every time we near it, then it is no ceiling at all, and we’d be better off honestly admitting it and repealing it entirely. Otherwise we simply and cynically maintain a total fiction.”
May God give us strength.
Tatt
I think we should NOT raise the debt ceiling.
And when asked why, the answer should be simple.
The Debt Ceiling is the legislative determination of how much money we can AFFORD to owe. It has no meaning if you just change it whenever you need more money. Last year, our “esteemed” Democratic colleagues, in what we presume was a serious and thoughtful manner, determined how much money we could afford to owe, and SET the debt limit to that amount.
We are not prepared at this time to second-guess their determination on this matter. You should ask Nancy Pelosi why, if she thinks a higher debt limit is the appropriate one, she didn’t set it to that value last year. Certainly we are not better able to handle debt this year than we were last year.
Well then father, pardon my dullness and lack of historical bearings. Could you please direct me to the point in American history where the dept ceiling was an issue? I cannot find another time where our service on the debt has reached a dangerous point like today. I have the impression you believe that money from raising the ceiling is going to welfare programs. Isn't it just for maintaining our current dept payments? Wouldn't defaulting on that debt be catastrophic without budget cut prior to this? Fill me in.
I would treat ObamaCare separately, as it's too big an issue on its own. But other cuts attached to the bill would be a good idea. I think that's a good strategy. Let them be the ones to reject raising the debt limit to protect their political payoffs.
We do.
We have enough money coming into the US Treasury to pay the major entitlements (SS, Mediscare) and the interest on the US debt.
What we don’t have is enough to discretionary spending, which includes all the grab-bag projects and pork barrel stuff, law enforcement and military spending.
The difference between them is this: to not pay the interest on the national debt results in default. That’s a “default event.”
Not paying the FBI/ATF/etc, or pulling the US military out of foreign lands.. that’s not a “default event” on the US debt.
They might be bad outcomes, but they’re not a “default.”
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