Our monthly revenue would easily pay interest on debt. You might have to cut your valuable give-aways though! What's a better sign to the market. Clamor about raising an invisible line to print more money or actually balls-up and say we can pay our debt, and guess what we will cut more crap so we can continue on paying.
Your right. The democrats do need to go. The anti-responble people have thrived under them. Milking taxpayers for every dime they can. Unions getting laws passed that favor them and sends jobs overseas. No fiscal responsibility whatsoever. Make a promise and raise taxes to pay for it. Can't live within your means, just take out another loan. It's time to cut back on spending. Punish those that live off the govt tit and reward those that that are trying to better themselves. I've been Taxed Enough Already myself. Time to let the freeloaders fend for themselves.
Maybe this would be easier for Red to read since a Democrat wrote it. It solves postpones the issue nicely. http://blogs.reuters.com/great-debate/2013/10/09/ending-the-debt-limit-crisis-dear-ben-bernanke/
The Feds take in 250 billion a month. The debt interest is 23 billion or so. I think they can cover that. The only thing not raising the debt ceiling does is keeps the taxpayers from funding more political promises. Raising the ceiling will take pressure off ofpoliticiansbut adds the burden to the future generations back.
Red the CR is the BUDGET resolution NOT the DEBT ceiling. They are 2 different things sport. We have been talking about the budget hence the government shutdown. We can raise the debt ceiling and not have a clean CR. The house has offered a 6 week extension of the debt ceiling.
They are related and have become entwined and that is part of the problem. House Republicans shut down the federal government in a last-ditch effort to deny health care insurance to millions of Americans. Defunding Obamacare was the only reason -- not the deficit, not government spending. The blow back from the people was immediate and intense. Thus began House Republicans' absurd dance to blame everyone else.
The prez and democrats tried to blame the republicans for their, the senate and prez, refusal to negotiate. And only 17% of the nonessential personnel have been furloughed.
They are only related because the deficit leads to greater debt. Whether the Rs are using the situation as a political lever or not is new. If you remember then Senator Obama voted against raising the debt limit as political theater with the rest of the Ds in 2006. So his position today is sort of like the pot calling the kettle black.
And Harry Reid's comments are even better. At the time, Reid said: “If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy. “How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors? “They should explain this. Maybe they can convince the public they’re right. I doubt it. Because most Americans know that increasing debt is the last thing we should be doing. After all, I repeat, the Baby Boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it. Democrats won’t be making argument to supper this legalization, which will weaken our country. Weaken our county.” When Senator Reid was recently asked by NBC’s David Gregory about the conflict between his 2006 and 2011 statements, Reid replied, “I don’t really know what vote you’re talking about.”
