i thought cutting was the goal?

[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.

MSM wants Cantor to take the fall for this one. I'm hoping the Orange takes the fall.

[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.

[dellinger63]

Originally Posted by Riot

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.

Similar to an individual checking account used to pay household bills and expenses.

If that individual has maxed out his own credit cards/borrowing against his 401K/IRA and is now receiving credit based on his children's future earnings and borrowing money he'll never pay back from his wealthier neighbors.

[Riot]

Originally Posted by dellinger63

Similar to an individual checking account used to pay household bills and expenses:

No. The debt ceiling is nothing at all like a checking account. Nor is it a credit card.

It must be very easy for you to comment on the issues of the day, while knowing nothing at all about them.

[dellinger63]

Originally Posted by Riot

No. The debt ceiling is nothing at all like a checking account. Nor is it a credit card.

It must be very easy for you to comment on the issues of the day, while knowing nothing at all about them.

And thankfully the rest of the country isn't as naive as you.