Vote on Debt Limit increase?

[Riot]

Originally Posted by joeydb

Holding firm so far: NO on debt ceiling limit.

Ignorant, stupid idealogic demagogury.

Originally Posted by Riot

Ignorant, stupid idealogic demagogury.

Demagogury? Kill yourself.

[Riot]

Originally Posted by Coach Pants

Demagogury? Kill yourself.

You, first.

The tea party freshmen in Congress have to be the most stupid, more ignorant, most uneducated fools we've ever voted into office.

Originally Posted by Riot

You, first.

The tea party freshmen in Congress have to be the most stupid, more ignorant, most uneducated fools we've ever voted into office.

Either learn how to spell, shut the f.uck up, or kill yourself. I'm sick of your pompous c.unt attitude and your inability to spell.

[Riot]

Originally Posted by Coach Pants

Either learn how to spell, shut the f.uck up, or kill yourself. I'm sick of your pompous c.unt attitude and your inability to spell.

And I'm sick of your narcissistic self-appointment as the bully of Derby Trail. I don't have to suffer your insults and crap. Go back into your mother's basement. Nobody is impressed with your infantile tantrums or your foul mouth.

[timmgirvan]

Originally Posted by Coach Pants

Demagogury? Kill yourself.

Don't think that's a real word,Riot

[Riot]

Originally Posted by timmgirvan

Don't think that's a real word,Riot

It is, especially if you add an "e" to it and spell it right " demagoguery"

We're headed to third-world nation status for many reasons in addition to our debt: health care (we are not even in the top ten), education (again, not even in the top 15), energy policies, infrastructure failing. We are at a major crossroads, and it's very serious.

That's why I get angry and frustrated at those in Congress who want to demagogue their idealistic and reality-ignorant political views while this country sinks lower and lower.

[joeydb]

Originally Posted by Riot

Ignorant, stupid idealogic demagogury.

No, stupid and ignorant would be defending the $14 trillion debt, and wanting to add unlimited sums to that.

[Riot]

Originally Posted by joeydb

No, stupid and ignorant would be defending the $14 trillion debt, and wanting to add unlimited sums to that.

Please - learn a little basics about the subject? No, no vote to raise the debt ceiling is "unlimited", it's a set amount - and raising the debt ceiling has little to do with defending or approving our debt amount. It's cash flow to pay our bills. Do you know how we are paying those bills today? What Treasury is doing to get the cash flow to pay them?

[joeydb]

Whatever zeros out new spending for a while and actually reduces the debt (not deficit - that would be negative by definition) is what should be done.

[Riot]

Originally Posted by joeydb

Whatever zeros out new spending for a while and actually reduces the debt (not deficit - that would be negative by definition) is what should be done.

Not raising the debt ceiling has nothing whatsoever to do with preventing "new spending". Not raising the debt ceiling has nothing whatsoever to do with "reducing the debt".

Not raising the debt ceiling will increase our debt, as it will increase our interest rates permanently.

[timmgirvan]

Originally Posted by Riot

Not raising the debt ceiling has nothing whatsoever to do with preventing "new spending". Not raising the debt ceiling has nothing whatsoever to do with "reducing the debt".

Not raising the debt ceiling will increase our debt, as it will increase our interest rates permanently.

Way things are going....5 yrs we'll be a third-world nation

[joeydb]

Originally Posted by Riot

Not raising the debt ceiling has nothing whatsoever to do with preventing "new spending". Not raising the debt ceiling has nothing whatsoever to do with "reducing the debt".

Not raising the debt ceiling will increase our debt, as it will increase our interest rates permanently.

How does that make any sense? If we don't raise the ceiling, we can't borrow any more money, right? So spending will HAVE to go down to a level where tax revenue alone will support.

As for interest rates going up, is that worse than speeding toward a debt level in both principal and interest that we cannot afford? The party is over and now is the time to pay down the debt and ultimately eliminate it. If our great grandchildren can see that day I'd be impressed.

[Riot]

Originally Posted by joeydb

How does that make any sense? If we don't raise the ceiling, we can't borrow any more money, right?

Yes, but we can stop spending 100% right now - a complete freeze (which is impossible due to Social Security and Medicare anyway, which increases with the population over time) - and we would still have to raise the debt ceiling to be able to borrow money to pay the debt we've already incurred.

The debt ceiling is mostly just cash flow capability.

So spending will HAVE to go down to a level where tax revenue alone will support.

Our tax revenue needs to be raised back up to where it should be. Obama never should have let the Bush tax cuts renew.

As for interest rates going up, is that worse than speeding toward a debt level in both principal and interest that we cannot afford?

Yes, because it permanently affects our credit rating in the world. Why should we add two percentage points of interest to those that want to borrow money for a house in 2060?

Yes, we have to pay down the debt. But not raising the debt ceiling has little to nothing to directly do with achieving that. The first thing we do is let the Bush tax cuts expire - our debt is cut in half in 10 years, doing nothing else.