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Thread: Obama to ask for increase to debt ceiling in a 'matter of days'

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Why not just raise it $8 bazillion, so we don't have to raise it again for a long time?

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    My issue with this is we just raised the debt limit. I had thought the purpose was because we needed the money right then and there was no other option. Once we had done that it was my understanding that we were going to be reducing the debt and cutting costs. Yet here we are still raising it which tells me we are not reversing anything.

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Ockham View Post
    We are possibly near the height of irresponsibility to continue down the same path that we know leads to default.
    No worries, Titanic is sinking, have yourself one last bottle of champagne. There's no room in the boats anyway.

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Erod View Post
    Why not just raise it $8 bazillion, so we don't have to raise it again for a long time?
    I know you meant it sarcastically, but that is actually exactly what we should do. The debate should be about what we SPEND not whether or not we are going to pay for what we already spent. Congress should be reducing spending, not just threatening not to pay for what they spent.

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by teamosil View Post
    I know you meant it sarcastically, but that is actually exactly what we should do. The debate should be about what we SPEND not whether or not we are going to pay for what we already spent. Congress should be reducing spending, not just threatening not to pay for what they spent.
    The last link I put in the OP was the debt clock... there's two additional views on the debt clock - both for 2015 (one on the CBO projections given our current pathway, one if we do NOTHING between today and 2015. One is showing 17 Trillion of debt, the other in the 20's.) Both show we are rapidly becoming Greece given the amount of spending vs. GDP. It's simply a matter of a few years.... and given our current President and Congress's continued spending, we will drive off the cliff sooner rather than later; no matter what rhetoric is provided.

    THAT'S our reality. Spin it however you want; nothing is showing itself to diverge us from that path.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Congress has really failed us. Every few months, we renew the debates of a crisis we just solved. We are about to witness the payroll tax redebated by congress. They are wasting time, and wasting money.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Ockham View Post
    The last link I put in the OP was the debt clock... there's two additional views on the debt clock - both for 2015 (one on the CBO projections given our current pathway, one if we do NOTHING between today and 2015. One is showing 17 Trillion of debt, the other in the 20's.) Both show we are rapidly becoming Greece given the amount of spending vs. GDP. It's simply a matter of a few years.... and given our current President and Congress's continued spending, we will drive off the cliff sooner rather than later; no matter what rhetoric is provided.

    THAT'S our reality. Spin it however you want; nothing is showing itself to diverge us from that path.
    That doesn't address my point at all. Congress is who decides how much we spend. What is the advantage of spending a lot and then refusing to pay people for what we bought instead of just spending less to start with?

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by teamosil View Post
    That doesn't address my point at all. Congress is who decides how much we spend. What is the advantage of spending a lot and then refusing to pay people for what we bought instead of just spending less to start with?
    I know the Liberal push to make Congress be the root of all evil - we all know already. Obviously I wasn't addressing your point but ignoring your point and making my own.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Deuce View Post
    Raising the debt ceiling: necessary for the stability of our economy. Except when the other team is doing it.
    Over...and Over...and over...

    Why bother with a 4 month artificial debt ceiling extension when you know you are going to bust it before the damn thing is passed? And how many times is congress going to do this idiotic extension dance? At what point do we actually start working to reduce spending and pay down the debt?

    Meh...screw it...let the grandkids pay for our continued stupidity.

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    Re: Obama to ask for increase to debt ceiling in a 'matter of days'

    Quote Originally Posted by Erod View Post
    Why not just raise it $8 bazillion, so we don't have to raise it again for a long time?
    Because they would spend it by August.

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