DEBT LIMIT DEBATE … AGAIN
Four years ago, we got really amped up for the debate over the federal government’s debt ceiling. Then we saw the deal that got cut to “raise” this debt limit.
Remember that scam? Yeah …
Now there’s another debt limit debate brewing, and “Republicans” in Congress are tripping over themselves to cut a deal before the November 3 deadline. Specifically, they’re looking to raise the debt limit to $19.7 trillion – a mark they expect the government to hit sometime around March of 2017.
Yeah … 19,700,000,000,000.
For those of you keeping score at home, that’s an estimated $1.3 trillion in new debt over the next seventeen months – and it comes at a time when America’s deficit situation is already worsening.
Oh, and this is the “conservative” proposal … the liberals (“Republicans” and Democrats) want to spend more.
So, what “concessions” would Washington, D.C. grant the conservative “Republicans” in exchange for this massive extension of a wholly unsustainable blank check? Glad you asked. Two things: An up-or-down vote on a “balanced budget amendment” and a short-term (nine month) freeze on new federal regulations.
Really?
Unbelievable …
After a $1.3 trillion ass-raping, taxpayers would get a show vote on “balanced budgets” and a temporary regulatory freeze (which we’re sure will be every bit as prone to exploitation as the 2011 “spending cuts“).
What a joke …
America is drowning in debt, people … and the consequences are about to get very real, very fast.
34 comments
Liberals said Reagan was going to destroy the nation due to deficit spending. Sounds like the tin-foil hat version. Yes sure, shut down the gubment. Let’s see how long the cranky Luddites hold up.
Reagan famously said, the only way to shrink government, is to grow it.
And to grow it, talk to your physician about Cialis. With Cialis, 3 splashes of water with your honey in a pool and you are laid, brother.
It’s true. I saw it on TV
Reagan prevented that from happening by raising taxes 11 times. And Repubs fight each other over who is the “real” heir to Reagan? Nice.
You’re so, so, so clueless about public policy. The debt limit doesn’t increase spending — it merely allows Treasury to auction off bonds to cover the short fall between tax revenue and expenditures.
By all means, criticize the spending habits of the political class, but don’t do it in light of the debt ceiling.
But if you’re not going to get the policy stuff right, at least get your facts straight. Apparently that’s too much for a buffoon like you:
“The 2015 deficit was lower than the $483 deficit in 2014, and much lower than the trillion dollar plus deficits of 2009-2012. The deficit has declined from 10% of GDP in 2009 to about 3% in 2015. Recent progress in reducing the deficit has been boosted by the spending sequester and tax increases of 2013.” — http://www.forbes.com/sites/bobmcteer/2015/10/11/the-shrinking-budget-deficit-and-the-slowing-growth-of-federal-debt/
Doe raising the Debt Ceiling not encourage politicians to spend more and not worry about spending?
No. All it does is hurt our credit, cost us more money and thus deeper in debt. Just like shutting down the govt. Pissing away billions of dollars for no reason.
No? You really think that raising the debt ceiling doesn’t perpetuate the debt cycle?
It has been raised 94 times since 1940s, left alone 13 times and lowered 10 times. Which l think reflects what was needed during those periods of time in the country. Not raising it does nothing but bring us deeper debt and economic turmoil. This isn’t the first time in our history that everyone was raising hell about the debt.
“Not raising it does nothing but bring us deeper debt”
It seems as history suggests that raising it(94 times by your point) is what increases it.
You know, you could cap the increase if a budget was actually balanced…on the face of things what I’m saying doesn’t seem controversial.
“This isn’t the first time in our history that everyone was raising hell about the debt.”
I don’t think anyone is questioning that per se(at least I’m not), in the big picture we know that the GOP has no long term appetite for fiscal restraint, their complaints are simply political posturing/pandering.
I probably shouldn’t be discussing the debt ceiling – my opinion about it is bias due to what happened in 2011. Took another big whack in my investments when they were threatening to not raise it and our credit was downgraded. It probably wouldn’t have stung so bad, if it had been at another time other than shortly after 2009. Still hadn’t recouped from those huge losses. So I was furious when the market went downhill again due to a self inflicted blow by Congress.
Well, the debt causes many problems “seen & unseen” as Bastiat would say.
It’s been the accepted form of fiscal policy for some time. It “works”, until one day it doesn’t I suppose.
??
Spoiler! LOL
Ah…those ugly things known as facts They so frequently upset the rightist screeds.
Thank you for spreading my gospel. My follower GrandTango is a lazy bastard, glad to know someone else is singing my praises.
if the wing nuts keep this shit up, republicans will never get a speaker, Ryan is not going to shut down the government.
Hell no I don’t want that job. I saw what happened to Boehner’s career. No one in their right mind would take that job, only an idiot would. Where would we find someone brainless enough to want this position?
Let’s ask Gohmert to run for it.
IN AAA WE TRUST
I haven’t seen an AAA sticker on the back of a car in years.
That’s a shame cause their 12 Step program really works!
I am very worried about the national debt.
$19 trillion is a lot of money.
How many of that have we wasted on poor people instead of giving it to corporations?
You’ve been in charge for EIGHT years…and the American people know it…
Why do you think you got the SHIT kicked out of you in Nov. 2014?…Dumbass…
You’ve sunk the country by Executive Order. The Republican that gets the White House in 2016 can fix a lot of the mess you made by Executive Order..you fucking idiot..,.
The Republican that gets the White House in 2016? Hillary isn’t a Republican. I’m going to hand her this election. You sound like a clueless loser. I’d fire you but you clearly don’t have a job.
She is a repulsive creep…
I agree, the pantsuit thing is pretty gross. I can see why Bill cheats on her. Then again, at least she isn’t as repulsive as you.
i have’nt seen her in 9 years, got to speak to her and get a photo of me and her, Huma took it at a rally, but to the point when i saw in person, the first thing that crossed my mind was the camera really does not do her justice
She is a nice looking woman, especially for a 67 year old. She’s not some rich old blowhard’s 3rd trophy wife. I’d like to see the pics of the people on here who are criticizing her looks.
“Looks good for a 67 year old” is a pretty serious qualifier there mate.
Actually, its the “Cankles” that’s gross.
Speaking of drowning, your click count is way down these days Wil. Guess it’s time to get even more like Ted Cruz than ever: All rant, no solutions. Guaranteed. Cause it’s all about me, mine, now, gimme, now, want, now… ad nauseam.
Keep drowning us Repubs:
“A national group released a study Wednesday finding that more than $2 million out of almost $20 million in federal charter school funds was squandered in Indiana.
Specifically, the Center for Media and Democracy said several public charter schools that received planning and implementation grants have closed because of poor performance, or they never opened.”
Yup. Them gubmint run schools are the problem, right Wil? The “free market” will fix education, yes sir.
That $2 million wasn’t squandered if it ended up in the wallets of private school administrators, private school owners, and private school championing politicians’ campaign funds.
Privatization of public functions usually just results in a very limited population of the private sector profiting big time and the politicians who helped them do it a constant source of campaign donations.
It was 2015 and South Carolina’s gutless RINO members of the RINO U.S. House were partying well
They’d ALL (except Jeff Duncan) voted for Obama-Door-Mat-Boehner to blow
conservatives to…
This dishonor roll of gutless, lying scumbags included Trey-Sure-I-Gave-Obama-Fast Track-Gowdy to start
Then there was Mick-What’s-In-It-For-ME-Mulvaney who piled on conservatives to play his back-stabbing part
And let’s not leave out Tom-Sure-I’m-A-Flaming-Lib-Rice who’d sell his grandma’s jugular for personal gain
And who can forget Mark-I-Walked-Out-On-My-Wife-And-Four-Sons-Sanford—serial adulterer with no brain
Rounding out this cast of dirtbags is arrogant flag-ripping I-Lie-To-Conservatives-Joe Wilson himself
Doesn’t give a *amn about NOT letting YOU vote on the flag because he IS a RINO Lilliputian elf
So these RINO scum are STILL betting on the come by voting for FELLOW RINO Paul Ryan as well
Let-In-30-MILLION-MORE-Illegals-Ryan…meeting back-door with Obama—telling you to go to…
But then 2016 rolled in with a roaring Tea Party win and all of the above RINOs had to leave town fast
Don’t look now you ingrates but that political fire you smell burning?…the last of your gutless RINO… !!!