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Thread: McConnell Offers 'Backup' US Debt Limit Plan

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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by Jeezy View Post
    ...or you could just skip all that, not raise the debt ceiling, and make austerity work.

    Y'know...like a responsible government?

    Yeah I know man. That austerity has been working great for the European countries right? I mean, it isn't like they've been having mass riots or anything, ya know?
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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by liblady View Post
    that is interesting. i am still wondering why bush got every increase to the debt ceiling he requested, and NOW republicans are using this as a wedge?
    because now we have 1.5 Trillion dollar deficits. because now we need to find someone to start buying 70% of our bond issue, and the smart money has currently fled the market. because now Republicans are living in memory of that awful morning when they woke up with a horse head in their bed attached to a note signed "it's a deal you can't refuse. love, the Tea Party".

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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by Mr. Invisible View Post
    Yeah I know man. That austerity has been working great for the European countries right? I mean, it isn't like they've been having mass riots or anything, ya know?
    Pft. Cheap comparison. Unlike Europe, we don't have satellite states who used our common currency in order to print cheap government bonds, keep selling those bonds long after your economy could not support them, hide their lackadaisical spending beneath Teutonic fiscal prudence, and then hire accountants to misrepresent their credit rating to the world. You're taking a completely unrelated situation, and interpreting it to mean that "austerity" in itself is a bad thing.

    I can't really respect that argument.

    EDIT- Also, 600th post.
    Last edited by Jeezy; 07-12-11 at 07:15 PM.
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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by Jeezy View Post
    ...or you could just skip all that, not raise the debt ceiling, and make austerity work.

    Y'know...like a responsible government?
    Too late. This would have been doable a year or two ago, but there's just too much momentum. When you cut too much too fast, it hurts too many people.
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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by Deuce View Post
    Too late. This would have been doable a year or two ago, but there's just too much momentum. When you cut too much too fast, it hurts too many people.
    You have it backwards. Two years ago, we were in literal recession, with negative GDP growth.
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    Quote Originally Posted by Josie
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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by Jeezy View Post
    ...or you could just skip all that, not raise the debt ceiling, and make austerity work.

    Y'know...like a responsible government?
    Here's the problem with that logic:

    If the debt ceiling isn't raised, somebody has to choose between making Social Security payments and the Defense Department making payroll. Go ahead, I'll let you choose. I like the idea of responsible government, but the time for that was a few years ago. Now, the responsible thing is to raise the ceiling, even though this will be difficult for some to do politically.

    McConnell's being an asshat. He's just trying to deflect responsibility. Harry Reid, I understand, loves the idea because it means he doesn't have to take responsibility either. I've got news for these guys: YOU WEREN'T ELECTED TO DEFLECT RESPONSIBILITY! Your job is to make hard choices and to be accountable to the people for that.


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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by cpwill View Post
    because now we have 1.5 Trillion dollar deficits. because now we need to find someone to start buying 70% of our bond issue, and the smart money has currently fled the market. because now Republicans are living in memory of that awful morning when they woke up with a horse head in their bed attached to a note signed "it's a deal you can't refuse. love, the Tea Party".
    This is probably the first post where you and I agree 100%. See...bipartisanship is possible.

    Quote Originally Posted by rocket88 View Post
    Here's the problem with that logic:

    If the debt ceiling isn't raised, somebody has to choose between making Social Security payments and the Defense Department making payroll. Go ahead, I'll let you choose. I like the idea of responsible government, but the time for that was a few years ago. Now, the responsible thing is to raise the ceiling, even though this will be difficult for some to do politically.

    McConnell's being an asshat. He's just trying to deflect responsibility. Harry Reid, I understand, loves the idea because it means he doesn't have to take responsibility either. I've got news for these guys: YOU WEREN'T ELECTED TO DEFLECT RESPONSIBILITY! Your job is to make hard choices and to be accountable to the people for that.
    Here, here! Well said!!
    Last edited by Objective Voice; 07-12-11 at 07:30 PM.

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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by rocket88 View Post
    Here's the problem with that logic:

    If the debt ceiling isn't raised, somebody has to choose between making Social Security payments and the Defense Department making payroll. Go ahead, I'll let you choose. I like the idea of responsible government, but the time for that was a few years ago. Now, the responsible thing is to raise the ceiling, even though this will be difficult for some to do politically.
    How, exactly, is that a problem with my logic? I never said there wouldn't be difficult choices. That's why it's called "austerity." The idea that we could have done this "a few years ago" but not now is silly. Now is precisely the time to do it. Also, I don't buy the whole "It's either food for the poor or security for the helpless," approach. Not all government spending is completely necessary, so the choice you're presenting me with is more than a little bit silly.

    Quote Originally Posted by rocket88 View Post
    McConnell's being an asshat. He's just trying to deflect responsibility. Harry Reid, I understand, loves the idea because it means he doesn't have to take responsibility either. I've got news for these guys: YOU WEREN'T ELECTED TO DEFLECT RESPONSIBILITY! Your job is to make hard choices and to be accountable to the people for that.
    Well if he wasn't elected to deflect responsibility, then he shouldn't raise the debt ceiling, should he?
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    Quote Originally Posted by Josie
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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by Jeezy View Post
    Also, I don't buy the whole "It's either food for the poor or security for the helpless," approach. Not all government spending is completely necessary, so the choice you're presenting me with is more than a little bit silly.
    I didn't make it up myself. I got from Jay Powell, Undersecretary of the Treasury under George H W Bush.

    What If We Don't Make The Debt Ceiling Deadline? : NPR

    Well if he wasn't elected to deflect responsibility, then he shouldn't raise the debt ceiling, should he?
    Or maybe he should. Either way, he should accept the responsibility for it.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: McConnell Offers 'Backup' US Debt Limit Plan

    Quote Originally Posted by BamaBrat View Post
    We forget that when a Rep ruled the white house, it was the democrats screaming that raising the debt ceiling was such a horrible thing to do. .
    Never happened
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    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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