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Thread: Senate reaches deal to end shutdown, avoid default

  1. #71
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    Re: Senate reaches deal to end shutdown, avoid default

    Quote Originally Posted by Conservative View Post
    Someone ask Kush what budget, the 3.77 trillion budget submitted by Obama? Wonder how much money we are losing because we have 22 million unemployed/under employed/discourage workers? Wonder how much we are losing because of the stagnant economic growth? With all that reduction in the deficit it does seem that it isn't enough to lower the debt. Maybe people like Kush don't know the difference? By the way, be careful, Kush runs to the Mods when he is losing badly.
    I've noticed that from other leftists as well.

  2. #72
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    Re: Senate reaches deal to end shutdown, avoid default

    Quote Originally Posted by Mithros View Post
    Not sure exactly where this should go, but this bill may be much bigger news than is presently being reported on..

    There's a section in the bill called the "Default Prevention Act of 2013". It starts on Pg 24 line 10:

    My read is that it gives the President unilateral authority to suspend the debt ceiling. Congress would no longer have to pass debt ceiling increases, they'd have to vote to PREVENT a debt ceiling increase. Then they'd have to override a presidential veto.

    Basically, the debt ceiling may be off the table forever.
    Do you feel that would be a good thing?

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