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Thread: US Treasury asks Congress to lift debt ceiling

  1. #151
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Conservative View Post
    Wrong, the National Debt is caused by the U.S. Govt. spending more money than it takes in. The Federal Reserve doesn't spend a dime, it is the Congress that spends the money and creates the debt. Notice the difference between revenue and expenses?

    Receipt 2010

    Individual Income tax 898.5
    Corporate Taxes 191.4

    Total 1089.9

    SS/Unemploy/Other 864.8

    Excise Taxes 66.9


    2021.6

    Expenses

    Defense 696.1
    International Affairs 45.2
    Gen. Science, Space 30.9
    Energy 11.5
    Natural resources/env 41.6
    Agriculture 23.2
    Commerce -82.9
    Transportation 92.5
    Community Dev 24.5
    Education/Train/Social 125.1
    Health 369
    Medicare 451.6
    Income Security 624
    Social Security 706.7
    Veterans Benefits 108.4
    Justice 55.2
    General Govt. 18.1
    Net Interest 196.9


    Total 3537.6
    i emphasized the portion of your posts which prompted my participation in the thread
    it was apparent you were ignorant of the feds role to bridge the gap between revenues and obligations
    no need to thank me for setting you straight
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  2. #152
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by justabubba View Post
    i emphasized the portion of your posts which prompted my participation in the thread
    it was apparent you were ignorant of the feds role to bridge the gap between revenues and obligations
    no need to thank me for setting you straight
    Bridging the gap doesn't balance the budget and isn't spending a dime. Calling me ignorant doesn't strengthen your position. Better look in the mirror.

  3. #153
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    Re: US Treasury asks Congress to lift debt ceiling

    ipsos poll, jan 12: 71% oppose raising debt ceiling, only 18% support more borrowing

    Public strongly opposes debt ceiling increase: Reuters/Ipsos | Reuters

    we know what boehner's broads and boys are gonna do

    then it will be your move, dems, what card can you play

    in a related matter, cbs january 15 finds a full 77% of americans want to see SPENDING CUTS vs only 9% in favor of raising taxes

    CBS poll: 77% Say Cut Spending, 9% Say Raise Taxes - U.S. Congress - Fox Nation

    checkmate

  4. #154
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by The Prof View Post
    ipsos poll, jan 12: 71% oppose raising debt ceiling, only 18% support more borrowing

    Public strongly opposes debt ceiling increase: Reuters/Ipsos | Reuters

    we know what boehner's broads and boys are gonna do

    then it will be your move, dems, what card can you play

    in a related matter, cbs january 15 finds a full 77% of americans want to see SPENDING CUTS vs only 9% in favor of raising taxes

    CBS poll: 77% Say Cut Spending, 9% Say Raise Taxes - U.S. Congress - Fox Nation

    checkmate
    From your first link:
    Expensive benefit programs that account for nearly half of all federal spending enjoy widespread support, the poll found. Only 20 percent supported paring Social Security retirement benefits while a mere 23 supported cutbacks to the Medicare health-insurance program.
    So Americans don't want the debt ceiling raised to avoid defaulting on her credit, but there is minimal support to rolling back social programs that comprise a substantial portion of the federal budget? Quite the coherent message that is.

    The debt ceiling will be raised since Republicans won't have the guts to cut anything substantial enough to turn the current deficit into a surplus, unless you honestly believe that they are willing to cut Medicare, Social Security, and the Defense budget significantly. That thought is even more laughable considering how much time they spent complaining last year over the cuts to Medicare and Medicaid in ObamaCare.

  5. #155
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by The Prof View Post
    ipsos poll, jan 12: 71% oppose raising debt ceiling, only 18% support more borrowing

    Public strongly opposes debt ceiling increase: Reuters/Ipsos | Reuters

    we know what boehner's broads and boys are gonna do

    then it will be your move, dems, what card can you play

    in a related matter, cbs january 15 finds a full 77% of americans want to see SPENDING CUTS vs only 9% in favor of raising taxes

    CBS poll: 77% Say Cut Spending, 9% Say Raise Taxes - U.S. Congress - Fox Nation

    checkmate
    Rather moot as the average American has no clue what it means to raise the debt ceiling, and more importantly, what it means if the debt ceiling is not raised.

  6. #156
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by justabubba View Post
    i emphasized the portion of your posts which prompted my participation in the thread
    it was apparent you were ignorant of the feds role to bridge the gap between revenues and obligations
    no need to thank me for setting you straight
    Let's not forget that in a healthy economy tax receipts ~ $2.7T. The biggest single thing one can do to improve the deficit is to fix the economy (which, would also allieviate much of the spending including income security). The idea that congress is going to achieve a balanced budget through spending cuts alone is an incredible myth. Santa Claus is more plausible.

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