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Thread: US debt jumps a record $328 Billion

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by rjay View Post
    Except that if Congress passes a bill allowing expenditures to be made, they must also pass the bill that allows the expenditures to be paid for.
    And those bills should be paid for when they are passed, as is required by PAYGO rules, except someone keeps stating that they are all emergencies and excluded from PAYGO.

    Hence why we overspend by 3-4% of GDP every year, which does nothing but depress potential GDP for years.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Michael66 View Post
    Cruz and the baggers made their choice to be destructive and so now it shouldn't be hard to blame this on them. Along with the Dems, the mainstream GOP and big business will be onboard with that blaming.

    For extremists, what goes around comes around!
    Typical revisionist history on your part. What goes around definitely does come around as the Obama incompetence is showing through more every day. In 2011 we had this same debate and promises were made to cut spending or that is what the American people were told. What we did however was only cut the growth in spending but still the debt went from the ceiling of 14.7 to 16.7 trillion and now exceeds 17 trillion. Now apparently liberals have no problem with a 17 trillion dollar debt because they cannot see it or in many cases feel it. Low interest rates because of that so called free money is disguising the problem as the debt service on the 17 trillion dollar debt remains at around 250 billion a year which normally would be double that with normal interest rates.

    I don't understand people like you who support the new liberal normal, high unemployment, stagnant economic growth, and high debt. The European Utopia is here and let us all rejoice!

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by rjay View Post
    Except that if Congress passes a bill allowing expenditures to be made, they must also pass the bill that allows the expenditures to be paid for. Like they always have. It is the fact that they always have done this that gives the U.S. it's international reputation as a nation that always pays it's bills.
    Congress simply cannot, nor should they even think about, threatening not to pay the bills.

    Many congresses, both Democrat controlled and Republican controlled have tried this tact. It is just the wrong tact to take. It was wrong when Bush was President, it is wrong when Obama is President and it will be wrong for the next President. If you want to fight spending the time to do it is before you have spent not after.

    That's a nice thought, and I appreciate what you are saying here, but, we don't have a system that is working the way it is mandated to do under the constitution anymore. What we have is a heavy handed majority pushing anyone in their way around, and getting what they want under threat of bully tactics.

    You are correct in that, the way it is supposed to work is that all spending bills originate in the House, but think about it...Where did this last "crisis" ultimately come from? Did the house originate what was just passed to overt the shutdown? OR, did Harry Reid, and the Senate majority, along with progressive, establishment repubs brow beat the house into accepting their demands?

    It is upside down right now!
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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by j-mac View Post
    That's a nice thought, and I appreciate what you are saying here, but, we don't have a system that is working the way it is mandated to do under the constitution anymore. What we have is a heavy handed majority pushing anyone in their way around, and getting what they want under threat of bully tactics.

    You are correct in that, the way it is supposed to work is that all spending bills originate in the House, but think about it...Where did this last "crisis" ultimately come from? Did the house originate what was just passed to overt the shutdown? OR, did Harry Reid, and the Senate majority, along with progressive, establishment repubs brow beat the house into accepting their demands?

    It is upside down right now!
    Only bills for raising revenue have to originate in the house. The real problem is that congress just ignores the law. They ignore the debt limit, the budget act which requires a budget, spending restraints in all number of bills. How many laws does the govt have to pass to require or encourage fiscal responsibility? I guess we just need a balanced budget amendment and debt limit in the constitution since they wont do it themselves. Or vote everyone out of course. Or give up and seceed.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jonny5 View Post
    Only bills for raising revenue have to originate in the house. The real problem is that congress just ignores the law. They ignore the debt limit, the budget act which requires a budget, spending restraints in all number of bills. How many laws does the govt have to pass to require or encourage fiscal responsibility? I guess we just need a balanced budget amendment and debt limit in the constitution since they wont do it themselves. Or vote everyone out of course. Or give up and seceed.
    I feel your frustration, but session is not necessary yet...We the people still have an option through our states....

    The Liberty Amendments: Restoring the American Republic: Mark R. Levin: 9781451606270: Amazon.com: Books

    "Levin proposes a series of constitutional amendments designed to curb the almost unlimited power of the federal government and return us to a federal system in which state governments have an actual voice in the governance of our country as originally intended; where nine “imperfect” lawyers in black robes cannot make “political and public policy decisions and impos[e] them on every corner of the nation and every part of society” with no accountability; and the power and authority of the legislative and executive branches are restrained in a way that curbs their ability to limit our liberty.

    The key to Levin’s plan is Article V, which sets out the two ways in which the Constitution can be amended. The only method ever used in our history is the first: passage of an amendment by two thirds of both houses of Congress and approval by three quarters of the states. Levin proposes employing the second method: having Congress call a constitutional convention upon application of the legislatures of two thirds of the states."

    Amendments for Liberty | National Review Online
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jonny5 View Post
    The agencies werent authorized to make bills, hence the shutdown.
    Plenty of agencies were still operating.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by j-mac View Post
    That's a nice thought, and I appreciate what you are saying here, but, we don't have a system that is working the way it is mandated to do under the constitution anymore. What we have is a heavy handed majority pushing anyone in their way around, and getting what they want under threat of bully tactics.

    You are correct in that, the way it is supposed to work is that all spending bills originate in the House, but think about it...Where did this last "crisis" ultimately come from? Did the house originate what was just passed to overt the shutdown? OR, did Harry Reid, and the Senate majority, along with progressive, establishment repubs brow beat the house into accepting their demands?

    It is upside down right now!
    The last crisis came from House Republicans.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Michael66 View Post
    cruz and the baggers caused this.
    Did what ?

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    The last crisis came from House Republicans.
    That is your opinion, mine differs but then mine is based upon civics and the understanding of leadership. The House did their job and Obama refused to negotiate and that is what shutdown the govt, basic civics 101. The qualities of leadership encompasses bringing the two opposite sides together and not giving campaign speeches demonizing the other side. There is no reason that ACA shouldn't be delayed for a year and that Congress be subjected to the same law and forced onto the law they created. We apparently are going to see a delay in implementation which would have prevented the shutdown. Now the American people can see exactly what a disaster Obama's ACA is

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    Plenty of agencies were still operating.
    And plenty werent. The Treasury had enough revenue coming in to pay for what was still authorized.

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