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Thread: US Treasury asks Congress to lift debt ceiling

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    US Treasury asks Congress to lift debt ceiling

    Treasury Secretary Timothy Geithner asked Congress to raise the US debt ceiling Thursday, firing the starting gun on a fresh political battle over the country's massive deficit.
    In a letter the Senate's top legislator, Geithner asked for permission to increase the national debt from the 14.29 trillion dollar limit set last year.

    Geithner warned that ceiling would be reached as early as this March, and called on Congress to act to avoid the treat of default.
    US Treasury asks Congress to lift debt ceiling

    Just say NO Congress. You were given the House to stop this train wreck. Get to it!
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: US Treasury asks Congress to lift debt ceiling

    They should lower the debt ceiling.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: US Treasury asks Congress to lift debt ceiling

    Great idea

    Watch the military grind to a halt as service members dont get paid, contractors walk off the job as they wont get paid, jets get grounded as they dont have fuel to fly them

    Watch as grandma and grandpa get kicked out of the old folks home in the middle of winter and freezes to death

    Watch as hospitals form death panels to kill off all the medicare patients whose bills are not longer being paid

    Top notch idea, I say roll with it
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by MrVicchio View Post
    US Treasury asks Congress to lift debt ceiling

    Just say NO Congress. You were given the House to stop this train wreck. Get to it!
    Two points:

    1) The republicans won the congress based on the economy. It was the absolute top issue. Not raising the debt ceiling would almost certainly hurt the economy. So no, that is not what they where given the house to do.

    B) Your solution is simplistic in the extreme. You cannot solve a problem that is 40+ years in the making in one quarter. Just cannot be done. I agree, the deficit has to be fixed. I agree, we have to start doing it now. But there are ways to do it without creating more problems than you solve. There is no easy deficit fix, and it will take time, but it is doable.

    Bonus point: It's funny how alot of the same people who cried that the tax cut extension had to happen across the board are the same ones who are not a month later crying about the deficit.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Lord Tammerlain View Post
    Great idea

    Watch the military grind to a halt as service members dont get paid, contractors walk off the job as they wont get paid, jets get grounded as they dont have fuel to fly them

    Watch as grandma and grandpa get kicked out of the old folks home in the middle of winter and freezes to death

    Watch as hospitals form death panels to kill off all the medicare patients whose bills are not longer being paid

    Top notch idea, I say roll with it



    Let evil swiftly befall those who have wrongly condemned us

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Lord Tammerlain View Post
    Great idea

    Watch the military grind to a halt as service members dont get paid, contractors walk off the job as they wont get paid, jets get grounded as they dont have fuel to fly them
    I think you'd be surprised at the DoD's ability to raise money when you tell them they can't use our money to kill cavedwellers anymore.

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Redress View Post
    There is no easy deficit fix, and it will take time, but it is doable.
    ummm, look at how much we've spent in the last 100 years fighting foreign wars when we've had a total of about 6,000 americans killed on our home soil due to foreign forces. then add the amount of money we pay in interest so that private banks make our money instead of our government. i think you'll quickly realize how easy it is to balance the budget.
    Last edited by Zyroh; 01-06-11 at 02:33 PM.

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    Re: US Treasury asks Congress to lift debt ceiling

    look for a reprise of the regan era republican 'starve the beast' strategy
    spend the money elsewhere and insist there is nothing left to fund the social safety net
    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

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Redress View Post
    Two points:

    1) The republicans won the congress based on the economy. It was the absolute top issue. Not raising the debt ceiling would almost certainly hurt the economy. So no, that is not what they where given the house to do.

    B) Your solution is simplistic in the extreme. You cannot solve a problem that is 40+ years in the making in one quarter. Just cannot be done. I agree, the deficit has to be fixed. I agree, we have to start doing it now. But there are ways to do it without creating more problems than you solve. There is no easy deficit fix, and it will take time, but it is doable.

    Bonus point: It's funny how alot of the same people who cried that the tax cut extension had to happen across the board are the same ones who are not a month later crying about the deficit.

    It's funny how some people here think that spending more and more borrowed money HELPS the economy, and cutting tax hurts.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by MrVicchio View Post
    It's funny how some people here think that spending more and more borrowed money HELPS the economy, and cutting tax hurts.
    Strawman. I did not say cutting taxes hurt the economy.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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