Go to the http://www.usdebtclock.org/ site to see how fast those numbers are increasing. Mind boggling.
Posted on 07/13/2011 9:22:40 AM PDT by yoe
Senate Minority Leader Mitch McConnell (R-Ky.) said Wednesday that his party is united in opposing any effort to raise the debt ceiling, even as he maintained that the country will not default on its debt obligations.
“I bet there won’t be a single Republican vote to raise the debt ceiling at the end of the day,” the Senate’s top Republican said in a radio interview Wednesday morning with conservative commentator Laura Ingraham.
McConnell’s remarks come one day after the Kentucky Republican (sketched out a “back-up plan”) that would shift the political burden of raising the debt ceiling to President Obama and congressional Democrats, allowing for the borrowing limit to be raised without any Republican votes.
McConnell’s “Plan B” would first need to be approved by both chambers and signed into law by Obama in order to take effect – a prospect that was uncertain at best Tuesday evening, as some lawmakers of both parties balked at the idea.
(Excerpt) Read more at washingtonpost.com ...
The knee-jerk base knows when they are being suckered. Sequestration was stupid, Nixon was required by the court to spend every nickel that congress appropriated.
No matter how clever you think Mitch is, it was a terrible publicity disaster, unless like Obama he just thinks the people are too stupid to understand it.
Mitch has said all along, no one is suggesting that we are not going to raise the debt limit. How does that statement enhance your bargaining power? How does it help the house. You know that newly elected majority that was elected to shut down the spending. That same group that Mitch and his former buddy Trent Lott said they must marginalize before they gained any power.
Sell the genius move cr@p to people that haven’t lived through all these genius deals.
Communists always take two steps forward and when caught take one step back. That is exactly how we got here.
(I KNOW, AIN'T GONNA HAPPEN UNLESS YOU ILLEGALLY STOP THEM MR. PRESIDENT)
What you have clearly outline in your post should be shouted from the rooftops across the entire land. It would not be radical at all!!! The overwhelming majority of the American people have Obama’s number and it is Failure at anything he lays his criminal hands on!!! Just think if you, Joe & Jane average citizen went to any bank or financial establishment and told them you wanted to forever borrow forty cents on the dollar. They would throw and laugh you out the door!!! And....for all you souls on the public dole and the Obama stash, when Obama bankrupts the USA, the free lunch ends that day. You better wise up and smell the roses of truth!!! Republicans, give Obama zippo, zilch, nothing, not a crumb, zero. Hold your ground, and don’t give an inch!!! Cut, Cap and balance the Budget!!! PERIOD!!!
Early last week it sounded like he’d fallen off the wagon ~ but later on he got back to dealing with the term correctly.
The Social Security system PURCHASES public debt with the proceeds of FICA (a tax on income). They gots' to pay it.
You evaded the issue. If you receive $14,000 in Social Security and due to having a higher income level from other sources you find $5,000 of that subject to the income tax, you are not only going to pay at the highest marginal rate, the proceeds of that tax (which is taxing social security payments) are going into the General Revenue Funds, not back into Social Security.
That's down a lot from the Middle Ages when almost everyone would have qualified.
They are wrong. I don't particularly care one way or the other. After all, hypocrisy is mostly in the mind of the observer ~ .
I simply pointed to a historic fact. Some of us remember Nixon. Some of us don't. McConnell's words are just a little different but the concept is that the Executive should, or could, be included in expenditure trimming post appropriations act.
Obviously the Democrats didn't want Nixon or Reagan to have that power. Obviously you don't want obama to have that power.
The trick in McConnell's approach is that the President doesn't get to have an increase in the debt limit unless he signs legislation reducing spending in specific areas.
Such legislation would not get to him without the House and Senate approving it.
I don't think it can ever happen at the federal level without some sort of revision to the Constitution.
The politicians are radical socialists for their government-employed constituents back home. When they talk about the debt ceiling, they’re conniving about hiking taxes.
It sounds like you are getting ripped off, unless you were a government worker who didn’t have to pay the full amount of SS taxes in the first place. If you paid the full nut during your working years but are not getting the full SS benefit, that’s just wrong.
While the article in the link sounds like McConnell plan forces spending cuts, the other articles are saying all Obama has to do is offer up more of the smoke and mirror cuts and promises of future cuts that never materialize to get the debt increase.
In effect, McConnell’s plan doesn’t appear to have any teeth to make sure the spending cuts really happen.
While the article in the link sounds like McConnell plan forces spending cuts, the other articles are saying all Obama has to do is offer up more of the smoke and mirror cuts and promises of future cuts that never materialize to get the debt increase.
In effect, McConnell’s plan doesn’t appear to have any teeth to make sure the spending cuts really happen.
Go to your room, Mitch. And don’t come back down until after supper.
Did that earlier. Told his office I would be glad to buy him a 1 way ticket back to Kentucky. Although I don't want him moving into my neighborhood.
Then I called DeMint's office and thanked them for having more backbone and principles than Mitch "Obama's Bitch" McConnell.
Mitch’s idea of negotiating is to drop his drawers, bend over and back into the room.
Go to the http://www.usdebtclock.org/ site to see how fast those numbers are increasing. Mind boggling.
So, the full amount ~ did you ever check out how many years you have to work in covered work to get to that point? Check out the facts at: http://ssa.gov/pubs/10072.html ~ I believe that it’s still 40 credits, and 10 years minimum. The inequity you are talking about has been there since the system started.
It was for FY 2012 ~ next year!
Congress better not be funding ANY new government buildings next year! We can't afford it!
It certainly would foreshadow their intentions on increasing or decreasing the size of government...
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