Debt limit breach no big deal, some G...

Debt limit breach no big deal, some GOP lawmakers sayDebt limit...

There are 42 comments on the USA Today story from Oct 7, 2013, titled Debt limit breach no big deal, some GOP lawmakers sayDebt limit.... In it, USA Today reports that:

Republican lawmakers are voicing increasing skepticism about dire warnings that failing to raise the debt ceiling would result in catastrophic default.

Join the discussion below, or Read more at USA Today.

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#22 Oct 8, 2013
Buffalo Bull wrote:
<quoted text>
You are finally right about something jombo....the next debt limit increase should be right before the mid term. That way if the Tea terror decides to play this dumb game again the full wrath of the American people will come crashing down on their heads.
hahahahahaha Why do you think the President went on the air again today to spin lie after lie if the polls didn't show what the polls showed the American people were pointing to him.
conservative crapola

“Hicksville Hootenanny”

Since: Sep 13

Kornfield Kounty

#23 Oct 8, 2013
Le Jimbo wrote:
<quoted text>
71% blame the teahadists. You Cruz, you lose. Where is the greasy canadian hiding?

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#24 Oct 8, 2013
Buffalo Bull wrote:
<quoted text>
No the debt limit will have an effect.
If we hope to be able to borrow in the future those we owe must be sure they stand a shot of getting it back. The Chinese will likely continue to lend but the price of having them finance or follies will grow dearer.
The world won't stop turning but will will find out selves in somewhat deeper hole.
Until we reach a point where we are disciplined enough on the spending side of the ledger and realistic enough on the taxation side to generate balanced budgets we can't afford to give the finger to our creditors.
While your solution is true...we are a few years, and some 'growing up' away from that point.
The debt ceiling FORCES us to have a balanced budget.

That's the beauty of it. We will be FORCED to spend NO MORE than what we take in. We will be FORCED to prioritize our spending.
-Interest on the debt
-Military pay
-Social security checks
-Medicare/Medicaid
-other contractual obligations

The rest will have to be fought over, whether that is money for the national parks or dept of education or foreign aid or tax cuts for multi-billion dollar corporations etc, etc, etc.

The debt ceiling will FORCE Congress to DO THEIR JOB.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#25 Oct 8, 2013
$2 trillion in revenue.
$3 trillion in spending.

Nope, can't continue.
fingiswold

United States

#26 Oct 8, 2013
There's a word for those GOP lawmakers:

"Moron"
fingiswold

United States

#27 Oct 8, 2013
WeTheSheeple wrote:
<quoted text>
The debt ceiling FORCES us to have a balanced budget.
That's the beauty of it. We will be FORCED to spend NO MORE than what we take in. We will be FORCED to prioritize our spending.
-Interest on the debt
-Military pay
-Social security checks
-Medicare/Medicaid
-other contractual obligations
The rest will have to be fought over, whether that is money for the national parks or dept of education or foreign aid or tax cuts for multi-billion dollar corporations etc, etc, etc.
The debt ceiling will FORCE Congress to DO THEIR JOB.
Um, no, the debt ceiling does not force a balanced budget, nor is such a budget required, necessary, or paticularly desirable.

Get a clue about government finances and macroeconomics, fool.
fingiswold

United States

#28 Oct 8, 2013
Le Jismboy wrote:
<quoted text>hahahahahaha Why do you think the President went on the air again today to spin lie after lie if the polls didn't show what the polls showed the American people were pointing to him.
Prove that one thing...ANYTHING....he said today was a "lie," asshat.

You cannot. YOU are the liar.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#29 Oct 8, 2013
fingiswold wrote:
<quoted text>
Um, no, the debt ceiling does not force a balanced budget, nor is such a budget required, necessary, or paticularly desirable.
Get a clue about government finances and macroeconomics, fool.
When we reach the debt ceiling we can't spend any more money than we collect in revenue because we can't legally borrow any more money.

That means the budget going forward will have to be balanced between spending & revenue- hence a balanced budget.

Of course they could actually go even further and spend LESS money than is collected in revenue, which would give us a surplus to start paying down the current $17 trillion debt.
effect

Albuquerque, NM

#30 Oct 8, 2013
Buffalo Bull wrote:
<quoted text>
No the debt limit will have an effect.
If we hope to be able to borrow in the future those we owe must be sure they stand a shot of getting it back. The Chinese will likely continue to lend but the price of having them finance or follies will grow dearer.
The world won't stop turning but will will find out selves in somewhat deeper hole.
.
the emperor didn't mind digging that hole deeper when he was a Senator
----------
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies....Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

SENATOR BARACK HUSSEIN OBAMA, MARCH 2006
==========
why does it bother him so much now ?

Since: Aug 12

Buffalo, NY

#31 Oct 8, 2013
WeTheSheeple wrote:
<quoted text>
The debt ceiling FORCES us to have a balanced budget.
That's the beauty of it. We will be FORCED to spend NO MORE than what we take in. We will be FORCED to prioritize our spending.
-Interest on the debt
-Military pay
-Social security checks
-Medicare/Medicaid
-other contractual obligations
The rest will have to be fought over, whether that is money for the national parks or dept of education or foreign aid or tax cuts for multi-billion dollar corporations etc, etc, etc.
The debt ceiling will FORCE Congress to DO THEIR JOB.
Or at least it forces you to attempt to balance a budget.
The problem with attempting to demand a balanced budget each and every year is the 'black swan event' some thing unforeseeable and quiet bad. I would have included the 2008 crash , even though it was predictable. The flexibility to respond as needed without going through a counter productive circus is what I would hope for.
The corporations really don't need any tax cuts nor do their CEO's
I agree with your call for fiscal responsibility, and it will take arm twisting politicians who know how to cook and serve pork, and pork include tax cuts.

Since: Aug 12

Buffalo, NY

#32 Oct 8, 2013
effect wrote:
<quoted text>
.
the emperor didn't mind digging that hole deeper when he was a Senator
----------
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies....Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
SENATOR BARACK HUSSEIN OBAMA, MARCH 2006
==========
why does it bother him so much now ?
A) Learning curve
B) He is a politician
imaginaryfriend

Plymouth, MI

#33 Oct 8, 2013
The Daily Show just nailed the terrorism of the GOP.
Cat74

United States

#34 Oct 8, 2013
We had dinner with my Grandparents tonight to tell them if their Social Security check is held up we will all pitch in, and make it up to them. My Grandmother was appalled that we would think they didn't have their own money!! Well, some people don't have money in the bank. We were wondering since the Government workers get paid anyway why can't the Old people get their back checks?
Eric Gustafson

Virginia Beach, VA

#35 Oct 8, 2013
The demise of Social Security has always been the aim of the Republicans.

For the 8 years of Bush/Republican rule they conspired to run up massive debts with Tax Cuts, excess spending, two wars and did all this spending off the budget. Running up the debt from $5.8 Trillion to $10.6 Trillion with a 2009 $1.4 Trillion Budget Deficit. Now the bills are due from that spending and the Republicans are prime to default on those bills in refusing to pay on demand.

They've been working on running up uncontrollable debt with the intentions of taking it off the backs of the Middle Class by cutting and eliminating the social safety net that primarily benefit those middle class wage earners who pay those social security taxes all in protecting the earning of the top 5% of income earners in America.

If they get rid of Social Security and eliminate pensions we are reduced to living as europeans during the great exodus to America and grow dependent on the small minority of the privileged class in America.

Americans will be forced to labor for the moneyed class until they die. England and European slavery all over again. America will be a nation of surfs.

Obama has no other choice but to break this cycle now or we will lose freedom here in America.

Break the republicans until full surrender and retreat!!!!!!!! Take back the nation.
Le Jimbo wrote:
Social Security Warns Benefits Could Get Cut
Washington Wire HOME PAGE »
The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t increased.
When asked by the public, the agency is notifying beneficiaries that “Unlike a federal shutdown which has no impact on the payment of Social Security benefits, failure to raise the debt ceiling puts Social Security benefits at risk,” according to a person familiar with the agency directive.
Obama again using scare tactics to harm and scare the old and sick. What a man, what a scum bag.
Number one, if Obama wants a war, let it start here. Everyone has parents, grandparents and relatives on Social Security. Go to the Social Security Office, half of the people there are hispanic and can't speak english. They don't even know when their number is called. If Obama wants to cut, let him cut all the illegals and frauds that are on the system.
Eric Gustafson

Virginia Beach, VA

#36 Oct 8, 2013
Just one of the many flawed policy decisions of the Republicans in their attempt to destroy America and the American middle class. Shut down the government in an attempt to break social security, and pay the federal employees anyway for not working.

They could have just opened the government because they're voting to pay the workers in an attempt to pander for votes and sympathy.

These are the kind of decisions that mushroomed the national debt from $5.8 Trillion when Bush came into office to over $12 Trillion when he was done sabotaging the nation's finances in 2009. Bad decisions leading to the collapse of the American economy, uncontrollable spending, two unfunded wars a trillion dollar prescription plan, all on credit and now the dead beats are refusing to pay the bill now that it's become due.
Cat74 wrote:
We had dinner with my Grandparents tonight to tell them if their Social Security check is held up we will all pitch in, and make it up to them. My Grandmother was appalled that we would think they didn't have their own money!! Well, some people don't have money in the bank. We were wondering since the Government workers get paid anyway why can't the Old people get their back checks?
Cat74

United States

#37 Oct 8, 2013
I don't understand why they can't go ahead and pay S S they have a $2,000,000,000.000. excess. Obama just wants to be mean to the elderly. He told his Park District people to make the shut down as painful as possible. He is not an American President. He is a Kenyan Tribal leader.
Eric Gustafson

Virginia Beach, VA

#38 Oct 8, 2013
America was spending only what she takes in for the years that Bill Clinton was president.

The issue of debt became a reality in 2001 with the first of the Bush Tax Cuts and, in 2003 with another round of tax cuts.

Then there are the 2 unfunded wars, the prescription plan and the Farm Bill with the escalation of food stamps to help run the national debt from $5.8 Trillion in Jan 2001 to $10.4 Trillion with a $1.4 Trillion 2009 Budget Deficit for a total additional debt from the Bush years of $6.2 Trillion,

The final episode was the Nationalizing of the Financial and Automobile industries in America from the Trillion dollar TARP Slush Fund to reward the Bush supporters and close associates.
WeTheSheeple wrote:
<quoted text>
The debt ceiling FORCES us to have a balanced budget.
That's the beauty of it. We will be FORCED to spend NO MORE than what we take in. We will be FORCED to prioritize our spending.
-Interest on the debt
-Military pay
-Social security checks
-Medicare/Medicaid
-other contractual obligations
The rest will have to be fought over, whether that is money for the national parks or dept of education or foreign aid or tax cuts for multi-billion dollar corporations etc, etc, etc.
The debt ceiling will FORCE Congress to DO THEIR JOB.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#39 Oct 9, 2013
Eric Gustafson wrote:
America was spending only what she takes in for the years that Bill Clinton was president.
The issue of debt became a reality in 2001 with the first of the Bush Tax Cuts and, in 2003 with another round of tax cuts.
Then there are the 2 unfunded wars, the prescription plan and the Farm Bill with the escalation of food stamps to help run the national debt from $5.8 Trillion in Jan 2001 to $10.4 Trillion with a $1.4 Trillion 2009 Budget Deficit for a total additional debt from the Bush years of $6.2 Trillion,
The final episode was the Nationalizing of the Financial and Automobile industries in America from the Trillion dollar TARP Slush Fund to reward the Bush supporters and close associates.
<quoted text>
Only because Clinton & the Congress spent the entire social security surplus revenue generated each of those years. Take that away and they still had deficits every year.
Responsibility

Petaluma, CA

#40 Oct 9, 2013
Cat74 wrote:
He is a Kenyan Tribal leader.
Come on catboy, why not throw in Indonesia as part of your silly comment.

Yes, this president was voted in twice by WE THE PEOPLE and is our "leader"
Responsibility

Petaluma, CA

#41 Oct 9, 2013
Le Jimbo wrote:
<quoted text> Why do you think the President went on the air again today
I presume jumbles that is a rhetorical (look it up) question.

To explain what is going on - very clearly I thought.

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