Page 3 of 3 FirstFirst 123
Results 21 to 25 of 25

Thread: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

  1. #21
    Sage
    Kreton's Avatar
    Join Date
    Apr 2011
    Location
    Colorado Springs
    Last Seen
    11-13-17 @ 08:01 PM
    Gender
    Lean
    Other
    Posts
    6,118

    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=AdamT;1060723010]
    Quote Originally Posted by muciti View Post

    Well that was entirely predictable, and predictably not true. In fact the Democrats wanted the Republicans to simply pass the debt ceiling extension as it has always been done in the past -- without conditions. But because Republicans would not even consider that, Democrats accepted that they would have to agree to a significant deficit reduction measure to get the Republicans to acquiesce. That they were willing to do, but wanted something like a 3:1 spending cut to tax hike ratio. Republicans would not even consider it. Eventually Democrats came down to offering a 10:1 spending cuts to tax hike ratio and Republicans still would not budge. What Republicans said was that Democrats would have to accept THEIR priority -- no tax hikes under any circumstances, AND large spending cuts -- or they would blow up the country.

    That is nothing like what you described.
    you are blatantly refusing to see anything other than what they tell you still. the republicans had damn good reasons for not wanting to raise the debt ceiling without measures that would help prevent further raising of the debt ceiling. just because in the past we raised the debt ceiling without concern for how we could or would manage or reduce the debt doesnt mean it should have been done that way again. that trend needs to be reversed. both sides had valid points. your blindness to politcal bs does not mean it wasnt there. the dems played that game and failed the people of this country just like the republicans did.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


  2. #22
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=muciti;1060723687]
    Quote Originally Posted by AdamT View Post

    you are blatantly refusing to see anything other than what they tell you still. the republicans had damn good reasons for not wanting to raise the debt ceiling without measures that would help prevent further raising of the debt ceiling. just because in the past we raised the debt ceiling without concern for how we could or would manage or reduce the debt doesnt mean it should have been done that way again. that trend needs to be reversed. both sides had valid points. your blindness to politcal bs does not mean it wasnt there. the dems played that game and failed the people of this country just like the republicans did.
    Way to completely dodge the point.

    The debt ceiling will ALWAYS have to be raised for the simple reason that the population and economy are growing. Can you imagine a business operating in this stupid fashion? The business is growing year after year, but they aren't allowed to increase expenditures for payroll, capital investments, inventory, or R&D without invoking an internecine proxy fight every year to keep the company from defaulting on its obligations? But Republicans claim that the government should be run more like a business....
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  3. #23
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Today @ 06:44 AM
    Gender
    Lean
    Libertarian
    Posts
    4,733

    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    Going back to the great increase the debt ceiling debate, it is more obvious that our parents and grandparents did us wrong. Yes, I love my dad and pa-pa, but what they allowed the politicians to do to us is painful. If you are less than 40, there is a good chance you have put tens of thousands or even hundreds of thousands of dollars into programs you will never benefit from.

    I honestly do not believe I will receive a cent of social security. I happily pay my portion and go on my way, but I am pretty sure I am not going to see that money when I am in my 70’s. As for Medicare...good luck everyone on that. The agreements that our forefather's made is to pass the buck onto us.

    Our current government is doing the same. By borrowing in the way we are, we are forcing our children to pay for our lifestyles. How unfair are we to the generations to come? We were fiscally irresponsible and we simply passed the buck to our children. Shame on America.
    Last edited by Blue_State; 07-25-12 at 09:10 AM.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  4. #24
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Today @ 06:44 AM
    Gender
    Lean
    Libertarian
    Posts
    4,733

    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=AdamT;1060723010]
    Quote Originally Posted by muciti View Post

    Well that was entirely predictable, and predictably not true. In fact the Democrats wanted the Republicans to simply pass the debt ceiling extension as it has always been done in the past -- without conditions. But because Republicans would not even consider that, Democrats accepted that they would have to agree to a significant deficit reduction measure to get the Republicans to acquiesce. That they were willing to do, but wanted something like a 3:1 spending cut to tax hike ratio. Republicans would not even consider it. Eventually Democrats came down to offering a 10:1 spending cuts to tax hike ratio and Republicans still would not budge. What Republicans said was that Democrats would have to accept THEIR priority -- no tax hikes under any circumstances, AND large spending cuts -- or they would blow up the country.

    That is nothing like what you described.
    In 2010, the Tea Partiers voted for controlled spending. That is what they wanted. That is what they got. They didn't want to see the debt ceiling raised or spending increased. They are voting the way of their constituents.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  5. #25
    Sage
    Kreton's Avatar
    Join Date
    Apr 2011
    Location
    Colorado Springs
    Last Seen
    11-13-17 @ 08:01 PM
    Gender
    Lean
    Other
    Posts
    6,118

    Re: GAO: Debt ceiling fight cost taxpayers at least $1.3 billion

    [QUOTE=AdamT;1060724013]
    Quote Originally Posted by muciti View Post

    The debt ceiling will ALWAYS have to be raised for the simple reason that the population and economy are growing.
    Thats the logic that has our country in the financial mess it is in. Excuses for running up debt is not going to help our debt. Think about it simply. Lets say you have a family and mom and dad take out a few loans. Then to pay on (not pay off, just pay on) they take out some loans. then to pay on those loans they take out some loans. Their debt is mounting and mom and dad are not adjusting their lifestyles or doing anything to reduce their debt. They are only increasing their debt and ignoring it. Does this seem like a good idea? Any responsible person is going to say no to that question. I assume you would too. So with that being a horrible fiscal plan and knowing these people have to do something to start trying to get themselves out of debt and reduce this trend of just borrowing without consequence their bank/family or whoever tells them that before they can take a loan they need to have a plan to start reversing their spending habits to reduce their debt. Would that be wrong of the bank to do? They are telling them we will help you get the loan you need however first you must have a plan.

    Can you imagine a business operating in this stupid fashion? The business is growing year after year, but they aren't allowed to increase expenditures for payroll, capital investments, inventory, or R&D without invoking an internecine proxy fight every year to keep the company from defaulting on its obligations?
    This is not a stupid fashion. A business that spends far more than they earn and borrows money with no means of repaying is not a business that is going to last very long.

    But Republicans claim that the government should be run more like a business....
    Here you go again. Needlessly blaming or taking cheap shots at Republicans or whatever you want to call it. You just can't help yourself. You can't resist playing bi partisan games which is the problem in politics. Two sides dont work together and constantly attack the other side.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


Page 3 of 3 FirstFirst 123

Posting Permissions

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