Now that the big-govt advocates can borrow again, how much will they borrow? (cost, party) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

Little-Acorn · 10-17-2013, 05:34 PM

See below for a chart of the National Debt for the last year and a half or so. It has risen fast all that time, until something extraordinary happened last April: Sequestration, followed by hitting the Debt Ceiling.

Sine then, the govt has been draining various trust fund they hold, in hopes the Republicans would cave and let them start borrowing again, and quietly repay what they had removed from the trust funds before anyone finds out.

Right on schedule, the Republicans caved. And as you can see from the chart, the govt is about $700 billion short of where they would have been, if borrowing had gone on at the rate it had for the previous year.

Last time this happened, in 2011, the big-govt advocates borrowed it ALL in one day. Just one.

If they do that again, they'll have to borrow around $700 billion, to catch up to where they would be without the debt ceiling.

Will they?

illtaketwoplease · 10-17-2013, 05:36 PM

there is no debt ceiling for 3 months - they eliminated it.

borregokid · 10-17-2013, 05:38 PM

Medicare cost 580 Billion and SS is 700 billion and then there is defense. So you borrow whatever the Tea Party thinks is necessary.

alphamale · 10-17-2013, 05:39 PM

Mac_Muz · 10-17-2013, 05:40 PM

I am more interested in when 'We' get paid back. I don't plan to lend the feds another dime until We get paid back. Services and theft of services are not valid pay back.

armory · 10-17-2013, 05:41 PM

No debt ceiling means bankruptcy in a very short time.

Try it at home for a year.

DoniDanko · 10-17-2013, 05:41 PM

Americans do not care just as long as most Democrats AND Republicans ccontinue to benefit from the government...

Osito · 06-10-2014, 04:48 PM

They'll start selling us as slaves. They own us anyway.

Opin_Yunated · 06-10-2014, 04:56 PM

Quote:

Originally Posted by Osito

They'll start selling us as slaves. They own us anyway.

I am not a slave. Any insinuation of citizens as slaves is a blatant insult to this nation's history.

toryturner · 06-10-2014, 04:56 PM

They will continue to borrow until those who hold our debt finally figure out this is a fools game and call in their chips. At that point, we are done.