View Poll Results: would you advocate getting rid of the debt ceiling?

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    21 50.00%
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    18 42.86%
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Thread: Would You Advocate Getting Rid of the Debt Ceiling?

  1. #11
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    As our current system is set up - yes get rid of it. It serves no real purpose and as we have seen in recent years it can be used as a political tool to try and hold against opposition with great risk to the country.

  2. #12
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    The "debt ceiling" is a ridiculous artifact of an outdated budgeting process. It has no utility, and its very existence is a contradiction. They should've gotten rid of it years ago.

  3. #13
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by Thrilla View Post
    while i'm no economist, I have a grasp on how money circulates, yes.... now what does my knowledge have to to with your incredible dangerous notion of debt not mattering?
    Then hopefully you know that the national debt is the money supply. If the entire debt was to be paid back in full, there would be no money. Money is debt.

    The government can issue countless treasury bonds, print the interest on that debt (the printed money is going to the banking sector) indefinitely, and The Fed thanks to how the banking system works, can buy treasury bonds indefinitely. The system itself is expansionary because it has to be. In order for there to be adequate money in a growing economy there has to be some inflation. However, the rate at which capital is spent through the economy is what matters.

    When looking at how the economy works, the playing field is not level. The government can just print its debt to The Fed, and The Fed has excessive reserves to be able to lend to the government due to fractional reserve banking. As I said earlier, what matters is the amount of money added to the economy in a certain amount of time.

  4. #14
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by sookster View Post
    I would. The national debt doesn't matter.
    very good. A+

  5. #15
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    I don't think they should get rid of the debt ceiling, but I do think that they should make the raises to the debt ceiling part of whatever spending bills need the money.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  6. #16
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    May as well get rid of the so called debt ceiling, it's a joke anyway. Politicians just keep raising it so why bother with the illusion?

  7. #17
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by Thrilla View Post
    it's useless.... get rid of it.

    it doesn't open the floodgates of spending... they are already wide open and nothing is stopping it now.
    Did you ever hear of the "tea party" ?
    And we even have responsible liberals....
    I voted "other" , naturally.
    I have no idea where the ceiling should be....but, I think there should be one..
    The same as there is one for individuals....say three years times the take home pay.....there is a formula that our banks used to employ...

  8. #18
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by sookster View Post
    I would. The national debt doesn't matter.
    Greece says hi!

  9. #19
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by TheDemSocialist View Post
    Raising the debt ceiling does not mean that we open up floodgates to spending it just means that it allows the gov to continue to pay its current bills. Pretty much means it allows the US gov to pay bills and continue to pay for bills approved by congress.
    So i ask you, would you advocate getting rid of the debt ceiling?
    Here is a novel idea, why don't we quit getting into more debt so we can pay off our debts with revenues AND don't raise the debt ceiling.
    Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.

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  10. #20
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by Korimyr the Rat View Post
    I would not. Deficit spending is an economic tool, not a lifestyle, and if the Congress is not willing to raise taxes to pay for the expenditures it authorizes, it shouldn't be allowed to authorize any more.
    Welfare was also supposed to be a tool, not a lifestyle, hows that working out for us?

    Living on credit has been a life style for Americans for a longtime now, not so strange that so many of them and the welfarist keep voting in idiots with that kind of economic mindset.
    Only a fool measures equality by results and not opportunities.

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