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Not satisfied with causing America's first ever credit downgrade, Republicans are once again threatening to sabotage our national economy by forcing the United States into a voluntary default on its debts if they don't get their way in making draconian cuts to popular social programs like Social Security and Medicare.
The debt ceiling was raised 18 times under Reagan and 7 times under Bush. It has never been a political issue. Everyone understands that playing with America's credit is a dangerous gambit that leaves no winners... but apparently not today's Tea Party run Congress. The money needed from the ceiling raise is to service debt already incurred by Congress. By refusing to raise the ceiling, Congress is basically saying they will not pay the bills they already racked up. That's like going on a shopping spree with your credit card then simply refusing to pay the bill when it comes. Just as that would have disastrous consequences for your personal credit, so would not raising the debt ceiling have disastrous consequences on the credit rating of the United States of America.
That is why I support the President in using whatever options available to him under the Constitution to preserve the full faith and credit of the United States of America. This includes employing the 14th Amendment and ignore the ceiling or minting the Platinum coin. America MUST repay her debts. The fact that this is even a debate shows just how crazy today's Republicans are. What part of conservative principles include not paying your debts?
Last edited by NewYorkGuy; 01-08-2013 at 06:59 PM..
Not satisfied with causing America's first ever credit downgrade, Republicans are once again threatening to sabotage our national economy by forcing the United States into a voluntary default on its debts if they don't get their way in making draconian cuts to popular social programs like Social Security and Medicare.
The debt ceiling was raised 18 times under Reagan and 7 times under Bush. It has never been a political issue. Everyone understands that playing with America's credit is a dangerous gambit that leaves no winners, but apparently not today's Tea Party run Congress. The money needed from the ceiling raise is to service debt already incurred by Congress. By refusing to raise the ceiling, Congress is basically saying they will not pay the bills they already racked up. That's like going on a shopping spree with your credit card then simply refusing to pay the bill when it comes. Just as that would have disastrous consequences for your personal credit, so would not raising the debt ceiling have a disastrous consequence on the credit rating of the United States of America.
That is why I support the President in using whatever options available to him under the Constitution to preserve the full faith and credit of the United States of America. This includes employing the 14th Amendment and ignore the ceiling or minting the Platinum coin. America must repay her debts. The fact that this is even a debate shows just how crazy today's Republicans are. What part of conservative principles include not paying your debts?
Should the Republicans allow Obama to continue to spend our way to Athens?
The debt ceiling refers to servicing debt already racked up by Congress. It has nothing to do with new spending. You can't just refuse to pay your bill after you've already spent the money. Many of the Republicans in Congress who are threatening to not raise the limit, themselves voted for legislation which contributed heavily to the debt we have today.
If the Congress refuses to pay the bills, then what are you gonna do? I would let Congress do what they want, and get their butts booted out in two years. It seems they will be booted out no matter what, so maybe they simply do not care anymore.
You gotta ask though, what kind of person would spend the money, then refuse to pay the bills, and then blame the mess on someone else?
Last edited by Finn_Jarber; 01-08-2013 at 07:07 PM..
If the Congress refuses to pay the bills, then what are you gonna do? I would let Congress do what they want, and get their butts booted out in two years. It seems they will be booted out no matter what, so maybe they simply do not care anymore.
That is playing politics with the full faith and credit of the United States. If the debt ceiling is not raised and America defaults, it would have severe ramifications on our nation's finances for years to come. Even if all Republicans get voted out of Congress because of it, the damage would have already been done as our interest rates would skyrocket and servicing our debt would become more difficult. It would hurt all future Administrations (including possible Republican ones). Congressional Republicans are been really short sighted trying to play this dangerous game with our credit.
The debt ceiling refers to servicing debt already racked up by Congress. It has nothing to do with new spending. You can't just refuse to pay your bill after you've already spent the money. Many of the Republicans in Congress who are threatening to not raise the limit, themselves voted for legislation which contributed heavily to the debt we have today.
As the first poster who responded to you said, learn a little
The debt refers to debt already racked up by Congress, the debt ceiling would need raised DUE TO NEW SPENDING. The government brings in far more than enough to cover the current debt load..
Let those RWNJ loonies take this country DOWN. They've been trying to do it for four years. Just do it; I honestly do not know how he deals with the knuckle draggers that he is forced to deal with.
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