Debt Ceiling Warning! Not Another Dime!

[Riot]

Do Not Raise the Debt Ceiling Another Dime.

Why? Our credit rating has already been downgraded once due to those stupid debt ceiling games. We pay our bills. Saying we won't pay bills we've already incurred is ridiculous. We signed onto debt. We borrowed. We pay it.

Originally Posted by Riot

Why? Our credit rating has already been downgraded once due to those stupid debt ceiling games. We pay our bills. Saying we won't pay bills we've already incurred is ridiculous. We signed onto debt. We borrowed. We pay it.

It is mathematically impossible for us to pay our debts in full. Nice try though.

[Riot]

Originally Posted by Coach Pants

It is mathematically impossible for us to pay our debts in full. Nice try though.

Shhhhh ... I'm trying to make a point to Dell. He still doesn't understand what the debt ceiling is about.

[dellinger63]

Originally Posted by Riot

Shhhhh ... I'm trying to make a point to Dell. He still doesn't understand what the debt ceiling is about.

Are contributions to PBS and NPR more or less important than paying SS and Medicare benefits?

Repeat the question inserting (any discretionary government office/program) and you'll get the answer.

I wish Obama had used it to decide before sending Egypt $2 billion and Pakistan $1 billion.

Or currently, is creating a whole new consumer protection bureaucracy and all the staffing and money it entails more or less important than paying SS?

Washington is completely impotent when it comes to cutting anything. They need to be treated as a child, unwilling to leave the toy store w/o buying something, would.

I understand what the debt ceiling is and want to use it like a middle age Spanish ring bit to get the horse turned around and going back towards the barn. We’re presently just a few percentage points behind Greece and Italy in so far as Debt to GDP ratios so now is the time to act. To give you an idea of the seriousness, this potential catastrophe is 1,000 times more immanent and real than Global Warming! Yet something we can fix fairly easily.

And yes once the horse is turned around taxes could be raised as long as provisions are put in place dictating all new taxes go to paying down the debt and not creating some more government jobs, or given to GM, or Egypt, Pakistan, Solyndra, Goldman, Fannie/Freddie, Union teachers, cops firemen etc etc etc

[dellinger63]

Simple solution to not raising the ceiling YET AGAIN

Obama should petition congress to expedite writing a bill enacting the mandatory cuts agreed to after the failure of the Super Committee by the end of this week and sign it Friday morning. No need for more $$$$$.

[GenuineRisk]

Atheists and their human gods. Krugman is a Keynesian disciple and deceiver. He doesn't have the answers.

[bigrun]

Originally Posted by GenuineRisk

Krugman and this guy, two of best writers in the business..








Oh, and this beauty too...can't leave her out...

[Riot]

Originally Posted by GenuineRisk

LOL. Hey, we have Europe, and the Bush years, to see how "conservative" financial policy works.

Not too well.

Disaster, really.

Duh.

[Rudeboyelvis]

Originally Posted by Coach Pants

Legalize and tax the living shiz out of pot and gambling, shut down virtually all military outposts around the globe that we keep paying for in other countries unless their closure posts a credible threat to national security and are welcomed by the nation we're squatting in, and get the hell out of unprovoked wars around the world - and we could pay off our deficit within two years.

FTFY

[dellinger63]

Originally Posted by Riot

Why? Our credit rating has already been downgraded once due to those stupid debt ceiling games. We pay our bills. Saying we won't pay bills we've already incurred is ridiculous. We signed onto debt. We borrowed. We pay it.

Reminds me of the story a guy goes in to his barber and asks if he can borrow ten bucks. Barber tells him, "no, you already owe me twenty". Guy says if you don't give me the ten I won't give you the twenty and walks out.

You'd be surprised to see how many programs are expendable once a priority list has to be constructed. We have enough to pay our bills we just can't have any new bills coming in and we need to renegotiate many of the agreements 'contracts' we have outstanding. I'll suggest one. The current pension obligations we have for congress and the President should be voided as the pensions of any non-military government employee who worked for less than 30yrs. It's a drop in the bucket but it's a drop and will show good faith to our creditors almost 25% of which are our seniors.