Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 41

Thread: New battle over debt limit inevitable?

  1. #21
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Albert Di Salvo View Post
    Democrats aren't dealing with old style Republicans any more. Business as usual is worse than a cut in the country's credit rating. Maybe an increase in borrowing costs will reduce America's appetite for borrowing. Maybe that would be a good thing in the long run.
    If the Dems compromise with cuts and demand increased revenue and the Reps just come back with no increased revenue, the Reps will be held responsible if the credit rating decreases.

  2. #22
    Mod Conspiracy Theorist
    rocket88's Avatar
    Join Date
    Mar 2011
    Location
    A very blue state
    Last Seen
    Today @ 08:29 PM
    Gender
    Lean
    Independent
    Posts
    31,146

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Albert Di Salvo View Post
    America won't recover. The Republicans aren't bluffing. Either the Democrats give in or over the cliff we go. The credit rating won't be restored. Maybe it's time for a new constitutional convention.

    The past can't be restored. If America's credit rating is cut for a second time the standard of living will decline significantly permanently.
    THIS is the kind of thinking that's very dangerous. "Either you give in to our demands, or we'll just trash everything." You're basically saying the TP should hold the rest of us hostage until we comply with them.


    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.

  3. #23
    Debate MMA
    Prof. Peabody's Avatar
    Join Date
    Oct 2010
    Last Seen
    07-30-12 @ 11:42 PM
    Gender
    Lean
    Conservative
    Posts
    1,361

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by AdamT View Post
    Sadly there is no spin involved. The fact is that Democrats are willing to agree to spending cuts far in excess of what they think we should implement at this time, so long as they are balanced by modest revenue hikes. In contrast, Republicans will not accept any revenue hikes whatsoever. It's their way or the highway (to hell), and the highway ain't paved with good intentions. So it is simply FACTUAL that Democrats are being more reasonable and Republicans are holding a gun to the nation's head because they flat-out refuse to compromise.
    Agreeing to cuts that never happen is of value how?
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

  4. #24
    Sage

    Join Date
    Oct 2009
    Location
    Undisclosed
    Last Seen
    03-18-13 @ 02:59 PM
    Lean
    Other
    Posts
    5,544

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by TheNextEra View Post
    If the Dems compromise with cuts and demand increased revenue and the Reps just come back with no increased revenue, the Reps will be held responsible if the credit rating decreases.
    I'm not convinced that's the case. Democrats would have to allow Social Security, Medicare, and Medicaid to be reworked in exchange for new revenue. Reagan and George H. W. Bush both tried to compromise with Democrats on spending and taxes and they got rolled. Taxes went up, but subsequent Congresses didn't cut spending.

    That tells me there isn't sufficient good faith to attempt negotiations. Negotiating with Democrats is like negotiating with North Koreans. There is no such thing as a "done deal."

  5. #25
    Sage

    Join Date
    Oct 2009
    Location
    Undisclosed
    Last Seen
    03-18-13 @ 02:59 PM
    Lean
    Other
    Posts
    5,544

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by rocket88 View Post
    THIS is the kind of thinking that's very dangerous. "Either you give in to our demands, or we'll just trash everything." You're basically saying the TP should hold the rest of us hostage until we comply with them.
    Rock,

    I'm not a member of the Tea Party. Those folks are way too tame for my tastes. I'm a party of one. I march in Gay Pride parades, but I do so dressed as Ghengis Khan.

    On a more serious note, there is no problem with potential default. Spend less and debt limit won't be exceeded. Eliminate half the Air Force and most of the Army. Bingo. Problem solved for a few years.

  6. #26
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 12:25 PM
    Gender
    Lean
    Progressive
    Posts
    10,068

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Albert Di Salvo View Post
    America won't recover. The Republicans aren't bluffing. Either the Democrats give in or over the cliff we go. The credit rating won't be restored. .....snipped to get to the point...
    That is not governance; that is terrorism. If the Republicans are unable to negotiate, they are unfit for office.

    Everyone that has looked at this issue seriously has suggested that the only way out of it is a mix of spending cuts (across the board) and tax increases. Anyone that tells you otherwise is either a snake-oil salesman or ignorant. To figure out the correct balance of these we need statesmanship, which means compromise, which requires negotiation.

    If there is a credible economist that believes we can cut our way back to a healthy economy, kindly post that cite. I would love to hear this. (of course, there are plenty of singular wack-a-doos out there, so if you want a compelling argument, post many cites.)
    Last edited by upsideguy; 05-20-12 at 01:47 PM.

  7. #27
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

    Re: New battle over debt limit inevitable?

    Unfortunately, it is easier for political leaders to posture than to take the tough decisions necessary to pursue fiscal consolidation. Yet, if fiscal consolidation is not pursued early on when the luxury of time is present for a transition, more wrenching austerity could later become necessary. Austerity would be far more painful and far more unpopular than medium-term fiscal consolidation pursued over a 5-10-year period.

  8. #28
    Noblesse oblige
    Ockham's Avatar
    Join Date
    Oct 2009
    Location
    New Jersey
    Last Seen
    01-27-17 @ 07:23 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,909
    Blog Entries
    4

    Re: New battle over debt limit inevitable?

    I'm hoping for a government shut down... 3-4 weeks optimally.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d 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.


  9. #29
    Sage
    lpast's Avatar
    Join Date
    Mar 2011
    Location
    Fla
    Last Seen
    05-21-16 @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    13,565

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Risky Thicket View Post
    Naomi Klein in her seminal work The Shock Doctrine has been bang on since the day the book was published. I am afraid that we are on our way to serfdom. The powers that be will continue to drain the middle class via a series of manipulated and often purposely created crisis. The war on terror, the war on drugs, Wall Street are the current prime examples. It's bigger than both parties.
    Whats the end game...what do they do when they succeed in annihilating the middleclass...whos left to buy their crap and keep the economy going

  10. #30
    Sage
    lpast's Avatar
    Join Date
    Mar 2011
    Location
    Fla
    Last Seen
    05-21-16 @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    13,565

    Re: New battle over debt limit inevitable?

    Quote Originally Posted by Ockham View Post
    I'm hoping for a government shut down... 3-4 weeks optimally.

    Wont happen

Page 3 of 5 FirstFirst 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •