• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

How Bad Could it Be? (Shutdown/Debt Limit)

How Bad Could it Be?

  • Dems cave in again, allowing the debt to be used as a political tool

    Votes: 3 11.5%
  • Landslide election for one side in 2014

    Votes: 7 26.9%
  • Republican rebellion forces Boehner down

    Votes: 4 15.4%
  • House impeaches Obama

    Votes: 4 15.4%
  • Economic slump

    Votes: 8 30.8%
  • Recession

    Votes: 11 42.3%
  • Depression

    Votes: 15 57.7%
  • Civil War

    Votes: 0 0.0%
  • World War

    Votes: 0 0.0%
  • End of USA as we know it

    Votes: 1 3.8%

  • Total voters
    26
Repeating all of our posts still does not mean what you said contradicted me. All you said is that if we miss a payment, interest rates go up. It has nothing to do with what I said.
Money is spent during appropriations. Appropriations create legal obligations. This is akin to the agreement created between you and your credit card company when you buy something or you and your mortgage company when you buy a house. In both cases, you have made a legally binding agreement to pay a certain amount at a later date.

Sorry, I'll explain this a little more in detail because it is a little tricky.

Congress passes a budget. That budget appropriates money for different things. For example, the budget may appropriate money for a new aircraft carrier.

Now you can't just go to Walmart and buy a new carrier. Instead the government signs contracts with a number of different contractors. They government agrees to pay them a certain amount at certain times in exchange for certain deliverables. Then the contractors get to work and start building the carrier.

The government is legally obligated to make those payments as soon as the contract is signed. So the more accurate analogy is that passing a budget is like buying a house, raising the debt ceiling is like paying the mortgage, and passing next years budget is like buying a new house.

If you're concerned about debt and government spending (as we all should be), then the time to be concerned about it is when we pass the next budget. Not paying for things we've already bought will only make them MORE expensive. The fastest way to make the debt explode is to default by not raising the debt ceiling.
 
Sorry, I'll explain this a little more in detail because it is a little tricky.

Congress passes a budget. That budget appropriates money for different things. For example, the budget may appropriate money for a new aircraft carrier.

Now you can't just go to Walmart and buy a new carrier. Instead the government signs contracts with a number of different contractors. They government agrees to pay them a certain amount at certain times in exchange for certain deliverables. Then the contractors get to work and start building the carrier.

The government is legally obligated to make those payments as soon as the contract is signed. So the more accurate analogy is that passing a budget is like buying a house, raising the debt ceiling is like paying the mortgage, and passing next years budget is like buying a new house.

If you're concerned about debt and government spending (as we all should be), then the time to be concerned about it is when we pass the next budget. Not paying for things we've already bought will only make them MORE expensive. The fastest way to make the debt explode is to default by not raising the debt ceiling.

No, raising the debt ceiling is exactly like raising your credit limit so that you can continue to charge those things beyond your means -- some of which you've committed yourself to.

You still have not said a single thing which contradicts this. Nothing you've said could not be solved by increased non-debt revenue, so no, raising the debt ceiling is not like paying your mortgage. Raising the debt ceiling is like raising your credit limit so you can charge your mortgage. By your own description, this is so.
 
We do it is outlined by the Ministry of Finance. 10 cents of our federal tax dollars go to healthcare transfer payments.
2012-e.jpg

10% of your federal tax dollars as a whole has nothing to do with the percentage of a taxpayer making in excess of 135k per year. Damn, what grade are you in?:lamo
 
Back
Top Bottom