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I'm a conservative, Republicans have raised the debt ceiling many times and I wasn't celebrating those mistakes either. You care more about your team winning than our country winning.
You can increase your debt ceiling, if, revenues are increasing. Thats the difference then, and now. Revenues CLEARLY are not increasing..
Quote:
Originally Posted by JazzyTallGuy
This from a group of people who won't accept ANY revenue increases?
Please!
Ooh please yourself if you think tax increases automatically equate to revenue increases
Law constitutes any previous spending appropriations bills passed by Congress and signed by the President into LAW. In essence the President does have the power to pay for expenditures previously approved by Congress.
This would not be a good option to pursue. The political fallout would be great and court battle would likely follow, which would be even more divisive...not to mention the fact that Supreme COurt is conservative.
bs. It very easily could be done, just like it was done in the 1990's.. We'd once again hear the moaning and groaning from liberals about how old people will starve and have to eat pet food, and we'd hear people cry because they have to return to work rather than live off of welfare, but its easily done and can be done in a matter of years. Continue to add debt, and thus creating higher future deficits due to increased interest beyond what we can afford, is beyond stupidity..
The problem is that revenue is so far off from projections that, were you to cut the difference, there would be nothing to spend on the government at all. There's isn't enough income to reduce the debt in real terms right now even if we wanted to.
You just proved you don't understand economics or the situation at hand. Not raising the debt limit leads to default. It's that simple and if you think otherwise you are either misinformed or just lying to yourself.
what do normal every day people do when they are not making enough money to what they are spending. normal people would cut from their budgets all non essentials. cut credit cards,and and what ever they do. they do not borrow any more money because they will just dig a bigger hole!!!! why should the government borrow any money before looking at what they can cut out of the budget!! this is not economics its common sense wish Obama had some of that!
Why shouldn't it be an option? If Democrats gave up pursuing the tax increases, both parties could agree to raise the debt ceiling.
And if the Republicans would actually give ground on something, then we could get somewhere. And the cycle continues with no end in sight...
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