This is one dollar in spending cuts for each dollar the debt ceiling is raised. That is the original Republican position and the very best we'd ever do. There is nothing at all wrong with this plan.
I get the feeling some people here actually believe we can refuse to raise the debt ceiling altogether. Don't delude yourself. The debt ceiling IS going to be raised, and most Republicans and conservatives don't dispute that.
People better realize that the bulk of the American public only oppose raising the debt ceiling in theory and mostly because they don't understand the issue. The very minute actual programs like food stamps, etc, are not funded the majority of Americans will HOWL in anger and demand the money be restored. Obama is banking on this and knowing what passes for the American public these days it is a pretty safe bet he is right.
One dollar of spending cuts for each dollar the debt ceiling is raised is the most conservative position that has even the slightest chance of prevailing. Most of the time the debt ceiling is just raised with no cuts whatsoever, so this would represent a huge amount of progress.
Truth.
It's unrealistic to think that the debt ceiling won't be raised. But, right now, the government is taking in $200 billion a month, spending $300 billion and borrowing the difference.
If the debt ceiling isn't raised, you can pay the bondholders, sure. And you can pay the SS recipients, to boot. For maybe four weeks...
One-third of government spending is probably a good long-term target for cuts. But it can't be shut down overnight without disaster ensuing.
And I sure wouldn't trust this administration to manage anything like that...
About 90% of those cost cuts are unenforceable—and thus a lie coming from the 2011-2012 congress.
The debt ceiling increase is for about a year and a half, and that means the actual ratio is about 8-1 rather than the claimed 1-1.
And that’s before we even know if any of the cuts are legitimate—as were only $300M of the $100B in cuts the GOP congress tried to take credit for earlier this year.
What happened to EVERYONE sacrificing? Why are the taxpayers the only ones who have to suffer? They're the only ones doing the right thing! Why should the parasitical democrat base get off with a free ride - again?
What are they willing to contribute to the cause? Absolutely nothing! They still get to keep their awesome food budgets, free housing, free money for shopping at the local mall, their education, their big screens, their cell phones and Internet access......the freebie list goes on and on.
They should be given only what they need (small shelters, canned food, and thrift store clothes), because they're enslaving another to get it. If they want more than that, they can GET A JOB!
On top of all this, they're never satisfied, and never grateful for what has been stolen for them. Instead, they demand their elected officials steal more.
Then we should howl First, that those are not where cuts need to be taken. How about cutting off ALL foreign aid - why should US citizens be the first to suffer? How about ending all hand outs to non-citizens? How about defunding the arts?
We are fools to allow the government to tell US where cuts should take place. It is our money after all.