View Poll Results: Which do you choose

Voters
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  • Cut spending to match revenue and default on the debt

    3 10.71%
  • Cut spending to match revenue and pay the debt service from that revenue

    17 60.71%
  • Other (specify)

    8 28.57%
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Thread: If the debt ceiling is not raised...

  1. #11
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    Re: If the debt ceiling is not raised...

    Councilman, how is your retirement doing? You have followed the advice of conservatives haven't you? I'm just thinking with such an emotional post that you’re having a personal problem with this economy. All the conservatives I know that are benefiting now, and they are just arguing for the deserving and working poor.

  2. #12
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by PzKfW IVe View Post
    ...there are two choices:

    1: Cut spending to match revenue and default on the debt
    2: Cut spending to match revenue and pay the debt service from those revenues

    Which do you choose?
    I choose:
    3. The White House directs the Treasury to ignore the debt ceiling and borrow money anyway, and dares Congress to do anything about it.
    Are you coming to bed?
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  3. #13
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by DemonMyst View Post
    Since letting the tax cuts expire wasn't on the list...
    Is that part of the package offered by The Obama and/or the Dems? Nope.

    I can see that you really don't care about the economy.
    I can see that you really dont care about discussing the issue at hand.

    It is hard to fix it when you are unwilling to address one of the reasons we are where we are now.. Bush's main reason for the tax
    It will be hard for yout to have a conversation on this subject when you are unable to grasp the reality of the issue.
    The 2001/2003 tax cuts 'cost' no more than 1.5T since 2001. That's $150B/yr. Take that away and thge debt ceiling discussion happend July 2012 instead of now.

    Instead of use it to pay off the debt, or use it to help pay for the war after 9/11, he gave it to the rich to do nothing with it.. Now there is brains at work.
    Tell me again why The Obama forced the Dems to extend the tax cuts?

    Also.. Always remember.. The deficit we have now?? Bush created.
    Partisan bigotry at its finest.

  4. #14
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by Kandahar View Post
    I choose:
    3. The White House directs the Treasury to ignore the debt ceiling and borrow money anyway, and dares Congress to do anything about it.
    Yes... because The Obama (D) can simply ignore the law when it suits him.

  5. #15
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by PzKfW IVe View Post
    Yes... because The Obama (D) can simply ignore the law when it suits him.
    Congress has given him no choice but to ignore the law. It's just a question of whether he ignores the debt ceiling law or the budget law. He cannot follow both, because they contradict one another.
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  6. #16
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by Kandahar View Post
    Congress has given him no choice but to ignore the law. It's just a question of whether he ignores the debt ceiling law or the budget law. He cannot follow both, because they contradict one another.

    Spending is -contingent- on available revenue.
    If there's no revenue, there's no spending. That -follows- the law.

  7. #17
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by PzKfW IVe View Post

    Spending is -contingent- on available revenue.
    If there's no revenue, there's no spending. That -follows- the law.
    To the best of my knowledge there is no clause in the 2011 federal budget which specifies that the Treasury should only fund these various agencies under certain circumstances. That isn't how budgets generally work; they just direct the Treasury to dole out $X to this agency, $Y to this program, and so on. If Congress wanted to make their own budgetary allocations contingent on some other factor (e.g. the debt ceiling), they could have written it into the law when they passed the budget. But as far as I know, they did not.
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  8. #18
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    Re: If the debt ceiling is not raised...

    President Regan once said

    The single most important question facing us tonight is: Do we reduce deficits and interest rates by raising revenue from those who are not now paying their fair share—or do we accept bigger budget deficits, higher interest rates and higher unemployment… We’re within sight of a safe port of economic recovery. Do we make port or go aground on the shoals of selfishness, partisanship and just plain bullheadedness? (Televised speech, August 16, 1982.)

  9. #19
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    Re: If the debt ceiling is not raised...

    One thing is for sure: with this much divisiveness the country isn't going to get out of its debts. Both parties are trying to blame each other in a desperate attempt to win the popular vote.

    All most politicians think about nowadays is their own political careers. **** the country. I want more power. You're the impostor. I don't care about your stupid initiatives and proposals as long as I get re-elected into office. Washington has turned into a real jungle.

    Politics has become very dirty, folks. With nobody representing the American people anymore, I think we're going to have to either emigrate to another country or vote them all out and start looking at seemingly more serious and reasonable options (third party candidates).

  10. #20
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by Kandahar View Post
    I choose:
    3. The White House directs the Treasury to ignore the debt ceiling and borrow money anyway, and dares Congress to do anything about it.
    That'll set a great precedent.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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