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Mnuchin calls on congress to raise debt ceiling

Praxas said:
Raising the debt ceiling is good under a Republican president only of course.
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Ha Obama and the Dems called raising the debit selling under Bush a failure on leadership and said it was bad for America. Obama does it and it is what is then needed to help heal the country Now they seem to have remembered how bad it is in opposition again.

I hope it is opposed and I will oppose it like I did under the last few administrations.
 
Winston said:
Mnuchin calls for Congress to raise federal debt limit | Fox News



Thoughts?


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Prediction, most Republicans will vote for raising it, most Democrats against raising it only because a Republican is in the white house. When Obama was in the white house, most Republicans voted against raising it and most Democrats for raising it. When George W. Bush was in the white house, the Democrats were against it while the Republicans for raising it. Where the political parties stand on raising the debt ceiling all depends whether or not they hold the white house.

History of the senate votes during Bush and Obama.

BUSH THE 2ND TENURE
Year..Democrats for..Democrats against..Republicans for..Republicans against
2002…….37………………….14………………31………………18
2003……..3…………………...45………………50………………..1
2004……..2……………………46……………....50………………..1
2006……..0……………………44………………52………………...3 *

*It is interest to note in 2006 President Obama voted against raising the debt ceiling and made a speech stating it was unpatriotic to do so.
OBAMA PRESIDENCY
2009 ………59…………………0………………..1……………….40
2010…….....60…………………0………………..0……………….40
2012……….52…………………3………………..1………………..45
2013……….55………………….0……………….26……………….18

Only once during Bush II reign as president did both parties support raising the debt ceiling. The other three were strictly party line, Democrats against, Republicans for. During Obama, the one in four rule applies here also. Only once did both parties agree to raise the debt ceiling, 2013. The rest of the time the Democrats were all in favor of it, Republicans against.

I repeat myself, only the party that holds the white house is in favor of raising the debt ceiling, the out of power party, totally against. It doesn’t matter if that party is the Democrats or the Republicans. It hold true in 75% of the cases during Bush and Obama.
 
Winston said:
Mnuchin calls for Congress to raise federal debt limit | Fox News

Thoughts?

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It will be raised.

Many politicians elected as Tea Party revolutionaries will keep their trap shut. A number will gamble that making noises without vetoing will sufficiently cover their rear. There are libs to blame, RINOs to indict, and too many votes to lose if they (tea party, not trump supporters) succeed in what they claim to intend: a half-***ed attempt at returning to the Articles of Confederation.

I'm cynical to expect that a backroom deal will be made whereby various people agree to their public positions but the raise is ensured. That, because every last person in congress understands, short of doing something like printing ten trillion dollars in paper bills, there is nothing we can do right now worse than [EDIT: NOT!] raising the debt limit.



(I know. I know. They never put that last bit on their website. It's my way of paraphrasing their stated and apparent goals in comparison to the ratified constitution and under 300x years of interpretation, in a DP-appropriate package. But consider, you'll never read criticism if you require them to criticize themselves).
 
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Debt ceilings good, job numbers good, CBO score bad, paying for trump's wall in this debt ceiling good .
 
Winston said:
Mnuchin calls for Congress to raise federal debt limit | Fox News



Thoughts?


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OK. I'm not the sharpest pencil in the box, but I might be the sharpest crayon. So every few months, I have to rely on people I don't trust to help me make decisions regarding my life and my savings. I really, really hate this. One day, I'd like to hold a gun to someone's head and ask, "is this really the best thing I can do with my savings?"
 
Doesn't every sec of treasury call on congress to raise the debit ceiling?

Doesn't every congress end up raising it?

I think the underlying constant is that the federal government, namely the house (purse strings) can't, and hasn't for a long time, been able to live within its tax revenue (income).

Something that most other organizations charged with the same somehow managed to be able to.

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:3oops: Forgive my shifty formatting and lack of precision.. I'm on a Windows Surface.. my MacBook charger quit on me.

my thoughts on this matter are true budget hawks like Rand Paul have to wonder if the Tea Party mission statement is either politically impossible or a complete fraud.

I wouldnt mind deficit spending if Bernie Sanders was doing it... but since its Trump it will be fun to call conservatives out for being hypocrites on deficits. Deficits to pay for tax cuts and warships are fine but if Obama wants to utilize some Keynesian spending... look out conservatives are bucking the kitchen sink your way.
 
Praxas said:
Only this year the right isn't complaining about it.
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Politics as usual.

Now the left complains about it.

I get tired of people falling for the same political tricks and hot button issues year after year. It just proves how stupid our population is at large.
 
Lord of Planar said:
Politics as usual.

Now the left complains about it.

I get tired of people falling for the same political tricks and hot button issues year after year. It just proves how stupid our population is at large.
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No lefties are complaining here. We are pointing out illogical inaccuracies.

If Obama wants to spend on infrastructure its bad
In a conservative mind if Trump wants to spend on the infrastructure its good
If trump wants to explode the deficit by stuffing rich defense contractors and other rich peoples pockets with money, that's best case scenario.

But god forbid if Bernie sanders ever gets in office, if he wants to do some Keynesian spending on education.. that's threat level midnight
 
Winston said:
Mnuchin calls for Congress to raise federal debt limit | Fox News



Thoughts?


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I say no debt ceiling increase unless they can justify it. If they call to raise the debt ceiling for infrastructure projects or improving our military fine, but odds are someones bridge to nowhere gets unfunded, and some lobbyists are crying crocodile tears.

If no substantial reason can be given to raise it, they need to just tighten their belt, hell obama nearly beat the entire history of the country combined during his presidency in terms of debt, I am sure somewhere some cuts can be made to meet debt obligations without raising it.
 
Winston said:
No lefties are complaining here. We are pointing out illogical inaccuracies.

If Obama wants to spend on infrastructure its bad
In a conservative mind if Trump wants to spend on the infrastructure its good
If trump wants to explode the deficit by stuffing rich defense contractors and other rich peoples pockets with money, that's best case scenario.

But god forbid if Bernie sanders ever gets in office, if he wants to do some Keynesian spending on education.. that's threat level midnight
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Like I said.

Politics as usual.
 
beerftw said:
I say no debt ceiling increase unless they can justify it. If they call to raise the debt ceiling for infrastructure projects or improving our military fine, but odds are someones bridge to nowhere gets unfunded, and some lobbyists are crying crocodile tears.

If no substantial reason can be given to raise it, they need to just tighten their belt, hell obama nearly beat the entire history of the country combined during his presidency in terms of debt, I am sure somewhere some cuts can be made to meet debt obligations without raising it.
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The problem is, that without an increase, programs have to be cut.

The interest on the debt alone increases the debt every year.
 
Lord of Planar said:
The problem is, that without an increase, programs have to be cut.

The interest on the debt alone increases the debt every year.
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That is true but given that our debt doubled in 8 years, I am sure there is plenty of room to cut that does not involve military payroll, education, essential services etc.

But notice every shutdown, or sequester, every cutback, always aims at functionality and payroll, not on tanks no one asked for but was forced to buy, or a bridge project that gets backed by federal funds and goes nowehere to keep people employed so someone somewhere can win re election in their home town or state.

Every cutback done is not done to cut waste, it is done to cripple the system and retain waste, to ensure it is painfull enough that no one would want to call for cuts again, it follows the fact that govt grows and never shrinks.
 
beerftw said:
That is true but given that our debt doubled in 8 years, I am sure there is plenty of room to cut that does not involve military payroll, education, essential services etc.
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Good luck getting congress to agree.

beerftw said:
But notice every shutdown, or sequester, every cutback, always aims at functionality and payroll, not on tanks no one asked for but was forced to buy, or a bridge project that gets backed by federal funds and goes nowehere to keep people employed so someone somewhere can win re election in their home town or state.
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Pet projects. Congress barters for the people in their districts, to bring back the pork for them.

We all demand congress cut costs, but not in our backyard.

beerftw said:
Every cutback done is not done to cut waste, it is done to cripple the system and retain waste, to ensure it is painfull enough that no one would want to call for cuts again, it follows the fact that govt grows and never shrinks.
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Waste is where the pork is at.
 
fmw said:
Bad idea.
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Yes, but a necessary evil as long as we keep voting in the congressional types we do.

We need to clean house, and star over with congress members.
 
Lord of Planar said:
Yes, but a necessary evil as long as we keep voting in the congressional types we do.

We need to clean house, and star over with congress members.
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The answer is a single term limit. It is not necessary and is still a bad idea.
 
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