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

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  • Yes

    21 50.00%
  • No

    18 42.86%
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    3 7.14%
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Thread: Would You Advocate Getting Rid of the Debt Ceiling?

  1. #21
    Gradualist

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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by davidtaylorjr View Post
    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.
    Thats not what im asking.


  2. #22
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Quote Originally Posted by earthworm View Post
    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...
    I would agree to the existence of a Ceiling if they actually used it during the appropriations phase... but they don't.

    congress doesn't pay any attention to the debt ceiling while appropriating monies.. it's simply not a consideration at all.

    it would be like you going ot a restaurant and ordering everything on the menu without a 2nd thought.. then enjoying your meal.
    at no time during this do you consider whether you have enough room on your credit card to pay for all the food you just ordered and ate.
    your debt ceiling only becomes a concern when you head to the cash register to pay... when you find out you don't have enough credit ot pay, you call up and try to increase your card limit.

    that's exactly how it is used in our government... they don't give 2 ****s about the debt limit until it's time to pay the bill for what they already ordered and ate.

    congress has no functional spending controls in place... not a single one.

  3. #23
    Sporadic insanity normal.


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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Yes and no.

    On the one hand, it's pointless because whenever we hit it the political types argue about it for a few months, and then raise it. It gives them an excuse not to do anything else, though, which might be a good thing.

    But on the other hand, it reminds us every...6 months is it now? Reminds us that they could give a damn about something which is law when they disagree with it. Reminds us how much we're spending. Keeps the finances of the country a topic of conversation.

    These are, I think, good things...
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

  4. #24
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    Nope! The House controls the purse? lol,,,,,look at what just happened!

  5. #25
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    Re: Would You Advocate Getting Rid of the Debt Ceiling?

    i agree, eliminate the debt ceiling.
    The debt ceiling was implemented in 1917, as a measure to ease governing. before that, Congress had to vote to authorize every single individual bond the government wanted to issue. That was very time consuming, and ineffective.

    Eliminating the debt ceiling would mean we go back to this procedure. Or, and that would be something i'd prefer, we'd start going back to what was done back in the "good days": We actually pay for what we spend with taxes. Government asks for money, on discretionary levels / bills (outside mandatory spending), and congress approves it, while having the obligation to pass tax legislation that ensures the needed money being made available in revenue.
    That way, we don't live off our credit card anymore, but instead would have to finance wars we start with tax increases (which was standard procedure at all times prior to the Bush era).

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