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You did not give an explanation for why the debt ceiling needs to be raised. Rehashing MSNBC and Huffington Post talking points isn't a sufficient reason.
As I said before. The debt ceiling is going to be raised because it has to pay the interest on the debt already authorized by congress during the budget.
If you didn't want to hit the debt ceiling, then you should have written congress and told them not to pass any budget that would force us to hit the debt ceiling. This was impossible, of course, because we are so far in a deficit, that even if we cut federal spending to 0, we would likely still have hit the debt ceiling.
Spending has to be curbed over time, hence the 10 year plan idea. The economy will continue to grow. If the budget is lower then the rate of growth, sooner rather than later, the growth will surpass the budget. This is what happened during the Clinton administration.
The debt ceiling must be raised to honor the good faith and credit of the United States to honor the budgets passed over the last 40 years. And thats under Democratic and Republican administrations, congresses, wars, etc.
You did not give an explanation for why the debt ceiling needs to be raised. Rehashing MSNBC and Huffington Post talking points isn't a sufficient reason.
The Constitution is considerd a talking point memo to you? Not surprising. The Tea Partiers love the Constitution until they want to amend it or disregard it.
The Fourteenth Amendment prohibits legislation that repudiates the Nation’s debt. Section four states: “The validity of the public debt of the United States, authorized by law . . . shall not be questioned.” The Supreme Court held that this means “the government is not at liberty to alter or repudiate its obligations.”
Clear as a bell to me, but then again, I have a functioning brain. The Tea
Party radical right has started and is continuing an unnecessary crisis.
As I said before. The debt ceiling is going to be raised because it has to pay the interest on the debt already authorized by congress during the budget.
If you didn't want to hit the debt ceiling, then you should have written congress and told them not to pass any budget that would force us to hit the debt ceiling. This was impossible, of course, because we are so far in a deficit, that even if we cut federal spending to 0, we would likely still have hit the debt ceiling.
Spending has to be curbed over time, hence the 10 year plan idea. The economy will continue to grow. If the budget is lower then the rate of growth, sooner rather than later, the growth will surpass the budget. This is what happened during the Clinton administration.
The debt ceiling must be raised to honor the good faith and credit of the United States to honor the budgets passed over the last 40 years. And thats under Democratic and Republican administrations, congresses, wars, etc.
What are you talking about good faith and credit? Our credit is horrible and faith is non-existent. Why the heck do you think the Federal Reserve has been forced to buy 80% of new issues of treasuries? You are simply lying to yourself.
The Tea party is a glaring symbol of "buyer's remorse." They have no business at the table, and their presence is short-lived after completely embarrassing themselves. They should have no representatives in Congress. Absent during the Bush years when such objections were overwhelmingly called for, their presence now is the GOP's way of objecting to a black President without directly being called racist. Shameful and pathetic.
I think the Tea Party is responsible to their contituents, and should act in a manner that reflects their utter worthlessness in these times that call for far more intelligent, inclusive, and progressive thought...exactly what this great President Obama represents.
What are you talking about good faith and credit? Our credit is horrible and faith is non-existent. Why the heck do you think the Federal Reserve has been forced to buy 80% of new issues of treasuries? You are simply lying to yourself.
We have a triple A credit rating, thats not awful, thats as good as it gets.
A triple A credit rating from three agencies that gave Fannie and Freddie Mac those ratings. You are the one who sounds ridiculous. Sheep, baaaaaaaaa
No, thats the world credit markets.
We aren't talking about Equifax.
Keep digging that hole.
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They are not good enough to be Liberals
