Senate Dems to try passing debt ceiling increase

There are 20 comments on the Oct 8, 2013, Star-Telegram.com story titled Senate Dems to try passing debt ceiling increase. In it, Star-Telegram.com reports that:

Democrats controlling the Senate are planning to try to pass a stand-alone measure to increase the government's borrowing cap, challenging Republicans to a filibuster showdown that could unnerve financial markets as the deadline to a first-ever default on U.S. obligations draws closer.

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“It's Time to Defeat Terrorism ”

Since: May 11

NYC

#1 Oct 8, 2013
Senate leader Reid is playing games and trying to distract the American people from Obama’s failure to act as the American people suffer without president which is doing his job. Obama is missing in action as he chose to forsake his job as president of the American people with nonsensical excuses. Nobody is threatening the president on default whatsoever and his excuses for not doing his job for the American people proves his hostility to America which reminds Pastor Jeremiah Wright who called for Damning of America by God. Undoubtedly, Obama proves that he cannot care less about the American people as he will allow America go over the cliff to self destruction doing nothing to prevent it. Obama is pushing foreign agenda to transform America using the IRS and NSA henchmen that go after each and every American especially if he is conservative or patriotic America while giving a break to liberal parasites or socialistic and Mozlem Brother sympathizers. The American people deserve better than an incompetent president who hates the American people and seek the trashing of the American constitution of 237 years.

Since: Mar 09

The Left Coast

#2 Oct 8, 2013
Harry Reid will do as he's told. Another Obama red line?
Too BAD

Las Vegas, NV

#3 Oct 8, 2013
Ah the dem Gods are at it again. Good thing we Americans can rely on the dem Gods to save us from ourselves. B.S.
These dem Gods are morons. They can't be trusted and are liars. Most of them should be in prison. Especially king obama who thinks he is the savior of America.
The American voters have been fooled and don't even know it. Why, because most are too stupid to realize it.
Now Reid is going to save us. He is the biggest moron. Reid should be on the Wizard of Oz as the scarecrow looking for a brain.

“Open your eyes”

Since: Sep 09

Central Florida

#4 Oct 8, 2013
This goes to prove yet again that the halls of Congress are controlled by the banks.

Debt is money and money is debt.

Increase the debt ceiling = increased interest payments to the banks.

See how this works?

“bar0ckalypse n0w”

Since: Mar 10

Huntington, NY

#5 Oct 8, 2013
barock voted against raising the debt ceiling when he was a junior Senator from bankriupt Illinois.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#6 Oct 8, 2013
So let us default.

The govt "shutdown" wasn't the end of the world as all predicted. I suspect default won't be either.

Time to pay the bills.
serfs up

Ormond Beach, FL

#7 Oct 8, 2013
WeTheSheeple wrote:
So let us default.
The govt "shutdown" wasn't the end of the world as all predicted. I suspect default won't be either.
Time to pay the bills.
Its been building for many years. Lets get it over with.

“Open your eyes”

Since: Sep 09

Central Florida

#8 Oct 8, 2013
WeTheSheeple wrote:
So let us default.
The govt "shutdown" wasn't the end of the world as all predicted. I suspect default won't be either.
Time to pay the bills.
The petro dollar.

People never discuss the petro dollar in relation to debt.
Robert

Douglasville, GA

#9 Oct 8, 2013
WeTheSheeple wrote:
So let us default.
The govt "shutdown" wasn't the end of the world as all predicted. I suspect default won't be either.
Time to pay the bills.
I think you're on the money on that comment. Especially since so many people in the government are working during the "shut down"

If you remember when the sequester hit the sky did not fall either.

Default, we only spend about 6% to 7% of our budget on payments to the debt and money comes in every day. There is no reason that there would be a default unless someone in the government ordered it to happen, it would not be because the money is not there. The largest challenge we face is to figure out how to pay what we have to instead of pay everything. The money will be there to pay the debt and for the SS checks to go out.

If they are still afraid of running short they could always pull out of Afghanistan suddenly. Not like it will make a difference in the long run anyway, those people are going to do what they are going to do over there whether we leave tomorrow or 10 years from now.
lolol

Albuquerque, NM

#10 Oct 8, 2013
Constitution states the 'power of the purse' resides in the House of Representatives, but what does oblunder and his sock-puppet reid care about the Constitution ? Those 2 fools need to be smacked upside the head with a purse.
guest

United States

#11 Oct 8, 2013
lolol wrote:
Constitution states the 'power of the purse' resides in the House of Representatives, but what does oblunder and his sock-puppet reid care about the Constitution ? Those 2 fools need to be smacked upside the head with a purse.
Go back to school. Article 1, Section 7, read it. The debt limit increase is not a tax revenue bill dumbass.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#12 Oct 8, 2013
Robert wrote:
<quoted text>
I think you're on the money on that comment. Especially since so many people in the government are working during the "shut down"
If you remember when the sequester hit the sky did not fall either.
Default, we only spend about 6% to 7% of our budget on payments to the debt and money comes in every day. There is no reason that there would be a default unless someone in the government ordered it to happen, it would not be because the money is not there. The largest challenge we face is to figure out how to pay what we have to instead of pay everything. The money will be there to pay the debt and for the SS checks to go out.
If they are still afraid of running short they could always pull out of Afghanistan suddenly. Not like it will make a difference in the long run anyway, those people are going to do what they are going to do over there whether we leave tomorrow or 10 years from now.
Agreed.

The interest on our debt can easily be paid, as well as social security, medicare payments, active duty military pay, etc.

We pay what HAS to be paid to prevent default, then what NEEDS to be paid to prevent hardships, then figure out what else CAN be paid with the revenue left over.

I'm thinking a good place to start is not paying those 800,000+ non-essential govt employees.
lolol

Albuquerque, NM

#13 Oct 8, 2013
now now dems, remember your dear leaders thoughtful words in the 2006 debt ceiling vote. would you have a counter feeling to your fellow ex-senator ? you must follow his brave lead in 2006 and fight against this irresponsible debt limit increase.
..........
"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
..........

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#14 Oct 8, 2013
lolol wrote:
now now dems, remember your dear leaders thoughtful words in the 2006 debt ceiling vote. would you have a counter feeling to your fellow ex-senator ? you must follow his brave lead in 2006 and fight against this irresponsible debt limit increase.
..........
"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
..........
Yes, I completely agree, and I voted for Obama twice.
Debts Collector

Noblesville, IN

#15 Oct 8, 2013
RustyS wrote:
Harry Reid will do as he's told. Another Obama red line?
Harry Reid control ECS!!;-00h, don't bee a hater let hate+go Chucky;) already to retire at 89!;) not rust to work hard ok:)
Debts Collector

Noblesville, IN

#16 Oct 8, 2013
retirement age at 89!!!thx Dr. Obama;)
Debts Collector

Noblesville, IN

#17 Oct 8, 2013
Kahoki wrote:
<quoted text>
The petro dollar.
People never discuss the petro dollar in relation to debt.
Kahokey! George Orwel novel 1. 1984 2. animore farm!! U can rewrite and make a lot of $$$. Barrock Orwel 1. 2020 2. Halaricare;)
Robert

Douglasville, GA

#18 Oct 9, 2013
WeTheSheeple wrote:
<quoted text>
Agreed.
The interest on our debt can easily be paid, as well as social security, medicare payments, active duty military pay, etc.
We pay what HAS to be paid to prevent default, then what NEEDS to be paid to prevent hardships, then figure out what else CAN be paid with the revenue left over.
I'm thinking a good place to start is not paying those 800,000+ non-essential govt employees.
Believe it or not the most difficult part of what you suggest is the Treasury's ability to pay just some of the bills. They can't do it, in the first place they can't decide what to pay and what not to pay until someone decided what it is which won't happen until the last minute, in addition they have no more authority to prioritize payments than they do to borrow money. When push comes to shove Obama will have to decide between default and ignoring the debt ceiling which will create a constitutional crisis.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#19 Oct 9, 2013
Robert wrote:
<quoted text>
Believe it or not the most difficult part of what you suggest is the Treasury's ability to pay just some of the bills. They can't do it, in the first place they can't decide what to pay and what not to pay until someone decided what it is which won't happen until the last minute, in addition they have no more authority to prioritize payments than they do to borrow money. When push comes to shove Obama will have to decide between default and ignoring the debt ceiling which will create a constitutional crisis.
Actually they CAN prioritize spending, but I agree that they most likely WON'T.

The parties will end up agreeing to a short term extension and more negotiations and more deficit spending and eventually agree to trillions more debt.

And the game goes on...

“Here we go!”

Since: Feb 07

Tampa, FL

#20 Oct 9, 2013
The debt ceiling debate and default arent even in the same realm. If we fail to raise the debt ceiling on 17 Oct, servicing the debt continues. We still bring in $2.2 Trillion a year in tax revenue, tarrifa and fees. More than enough to service the debt, pay Social Security, Medicare Medicaid, keep the parks open, keep the government running at 100%. What it means is that new spending is curtailed. Not a bad thing.
WeTheSheeple wrote:
So let us default.
The govt "shutdown" wasn't the end of the world as all predicted. I suspect default won't be either.
Time to pay the bills.

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