i thought cutting was the goal?

[Danzig]

Originally Posted by dellinger63

with talk of yet another stimulus the last thing this President needs is a higher debt limit. Maybe the raising of the debt limit and by how much should be a monthly decision until we get it under control and Obama gets control of his habit?

yeah, absolutely no doubt that moody's would keep us with our current credit rating if we did what you're suggesting.

[joeydb]

The bad news is you owe more to the credit card company than you will ever be able to repay, and your children, and your children's children for as many generations as it will take are on the hook for the bill.

The good news is you have a AAA credit rating!

[Riot]

Originally Posted by joeydb

The bad news is you owe more to the credit card company than you will ever be able to repay, and your children, and your children's children for as many generations as it will take are on the hook for the bill.

The good news is you have a AAA credit rating!

We don't owe more than we can repay. In fact, if we do nothing at all, just let the Bush tax cuts expire, the deficit is mostly gone in 10 years or so.

The Republican Paul Ryan budget just passed in the House necessitates the debt ceiling to be raised twice in five years. The GOP knows how budgets and cash flow and Treasury bonds work.

Why people keep confusing paying our past bills, and what the debt ceiling is, with future spending is beyond me. Unreconcilable stupidity, I guess.

Not raising the debt ceiling only does one thing. It prevents us from using cash flow to pay the bills we already owe. Money we already spent. It causes default.

The debt ceiling has nothing to do with limiting future spending.
The debt ceiling has nothing to do with limiting future spending.
The debt ceiling has nothing to do with limiting future spending.

The idiots in the Tea Party congress that think otherwise and are blocking this routine, one-sentence accounting housework are threatening to bring this country down, and need their term limit to kick in with the 2012 election. They are not intelligent enough to govern. They have a disconnect from reality. They are dangerous for this country.

[Danzig]

Originally Posted by joeydb

The bad news is you owe more to the credit card company than you will ever be able to repay, and your children, and your children's children for as many generations as it will take are on the hook for the bill.

The good news is you have a AAA credit rating!

our economy is partly based on this countrys credit rating. i figured you knew that.

[joeydb]

Originally Posted by Danzig

our economy is partly based on this countrys credit rating. i figured you knew that.

I do know that. But when you hear "raise the debt limit and protect the credit rating", you still have all this debt and we need to really start paying it back, which will never happen as long as we keep borrowing.

[Danzig]

Originally Posted by joeydb

I do know that. But when you hear "raise the debt limit and protect the credit rating", you still have all this debt and we need to really start paying it back, which will never happen as long as we keep borrowing.

yeah, we need to fix the borrowing-but we can't default, which would be an awful result of the stupidity in washington.

[Riot]

Originally Posted by joeydb

I do know that. But when you hear "raise the debt limit and protect the credit rating", you still have all this debt and we need to really start paying it back, which will never happen as long as we keep borrowing.

We can pay it back, but not if we allow default. Default will send our interest rates on the debt we already have skyrocketing. Then we'll never be able to pay it back.

I thought hope and change was? Empty slogans 4tw.

[Danzig]

Originally Posted by Coach Pants

I thought hope and change was? Empty slogans 4tw.

yeah, anyone who bought that has to be feeling a bit jaded. more of the same old same old.

[Danzig]

Originally Posted by Coach Pants

I thought hope and change was? Empty slogans 4tw.

http://edition.cnn.com/2011/US/07/14...consideration/

Administration asks court to reconsider 'don't ask, don't tell' order

From Bill Mears, CNN Supreme Court Producer
July 15, 2011 -- Updated 0145 GMT (0945 HKT)

Washington (CNN) -- The Obama administration Thursday evening asked a federal appeals court in California to reconsider its order last week temporarily blocking the U.S. military from enforcing its "don't ask, don't tell" policy on gays and lesbians serving in the military.
U.S. officials have been moving ahead with dismantling the policy but had objected to having the courts force the government to officially repeal it at this time.


further down:


Log Cabin Republicans slammed the administration's newest court action. "This latest maneuver by the President continues a pattern of doublespeak that all Americans should find troubling. All this does is further confuse the situation for our men and women in uniform," said R. Clarke Cooper, the group's executive director, who is also a captain in the Army Reserve.

"'Don't Ask, Don't Tell' is an offense to American values that should have been gone long ago. It is shameful that a president who has taken credit for opposing the policy is taking extreme measures to keep it on life support."

[joeydb]

Originally Posted by Riot

We can pay it back, but not if we allow default. Default will send our interest rates on the debt we already have skyrocketing. Then we'll never be able to pay it back.

OK, that sounds reasonable. And nobody actually WANTS a default, but then the president and the Democrats do need to allow serious cuts in spending. If you can cut the spending enough to actually start paying the (net) debt back, then raising the debt limit in the interim by a small amount seems like a good idea.

Both sides are playing chicken. "No cuts in 'benefits' for entitlements" and "Not raising the debt limit no matter what" are irreconcilable positions.

[Danzig]

Originally Posted by joeydb

OK, that sounds reasonable. And nobody actually WANTS a default, but then the president and the Democrats do need to allow serious cuts in spending. If you can cut the spending enough to actually start paying the (net) debt back, then raising the debt limit in the interim by a small amount seems like a good idea.

Both sides are playing chicken. "No cuts in 'benefits' for entitlements" and "Not raising the debt limit no matter what" are irreconcilable positions.

the reps have already said more than once that they won't let us default-that the ceiling will be raised. they're just trying to force some cuts at the same time, which isn't a bad thing. but they won't force too much, as they don't want to do anything that they can't pick on obama about later. they'll only get a certain amount cut, and then the party will say they wanted more, but obama is a tax and spender...but vote for our guy, and we'd have cut this much.

[Riot]

Originally Posted by joeydb

OK, that sounds reasonable. And nobody actually WANTS a default, but then the president and the Democrats do need to allow serious cuts in spending.

Excuse me? You mean the Republicans have to allow serious cuts in spending. The President has already offered multiple spending cuts, the Republicans have refused them.

Cantor and the Tea Party idiots are the ones preventing anything from being voted upon. Boehner doesn't have the votes in his caucus to pass anything, even with the Dems on his side, because he's held hostage by Cantor and the Tea Party types.

A clean debt ceiling raise needs to be passed with the one-sentence bill it always has been in the past, as it was passed 7 times by these guys in the Bush administration, and before that.

If you can cut the spending enough to actually start paying the (net) debt back, then raising the debt limit in the interim by a small amount seems like a good idea.

We are paying the net debt back. We don't need to cut future spending to continue do so. Future spending is a separate thing unassociated with the debt ceiling. It certainly needs to be reined in.

The debt ceiling limit is a minor housekeeping accounting procedure that allows cash flow to pay our bills. It is not a reference "ceiling" for future spending when budgets are prepared.