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Topic: Debt limit fight, Once again here we go.< Next Oldest | Next Newest >
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PostIcon Posted on: Oct. 03 2013,11:42 am  Skip to the next post in this topic. Ignore posts   QUOTE

So the gov shutdown is front and center but next, very shortly we have the debt limit.


Lagarde Urges Swift Hike of US Debt Ceiling
By MARTIN CRUTSINGER AP Economics Writer Oct 3, 2013, 12:17 PM
The head of the International Monetary Fund is warning that if Congress fails to raise the debt ceiling the consequences could be severe not just for the U.S. economy but for the global economy as well.

IMF Managing Director Christine Lagarde says that the ongoing political uncertainty in the United States over the federal government shutdown is bad enough but a failure to raise the government's borrowing limit when the current maximum is reached later this month would be far worse.

Lagarde calls it "mission-critical" that the fight over the debt ceiling be resolved as soon as possible. Her remarks came in a speech at George Washington University in which she previewed next week's meetings of the IMF and World Bank.




Now Pres. POS said back when he was a senetor that raising the debt limit would be unpatriotic. And we've been through this crap before. Maybe it's just time to bite the bullet and quit spending so much.


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PostIcon Posted on: Oct. 03 2013,11:48 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

You don't cut spending by not paying your bills.

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PostIcon Posted on: Oct. 03 2013,1:17 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

No you don't and I would have to agree with that but like everyone else, live within your means.

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PostIcon Posted on: Oct. 03 2013,7:10 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

If we would quit giving money to all the countries that hate us, we would have more than enough.
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PostIcon Posted on: Oct. 03 2013,9:41 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Unfortunately, as much as the amount of money seems like a large number we spend for more on totally useless programs and even more on programs that are sacred cows.

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PostIcon Posted on: Oct. 04 2013,4:07 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Self-Banished @ Oct. 03 2013,1:17 pm)
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No you don't and I would have to agree with that but like everyone else, live within your means.

And what is our means, exactly? The Fed continues to print money. As a result we are seemingly paying off the interest of said debt. Where's the problem?

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PostIcon Posted on: Oct. 04 2013,4:53 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Because eventually that's all we'll be paying.

Plus the fact that our money is becoming more devalued.


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PostIcon Posted on: Oct. 04 2013,8:22 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

If deficit spending is so bad, why do Republicans continue to vote for the very bills that cause the overspending?  It's like a guy who maxes out his credit card and then ignores the bills because he says he needs to "live within his means".  It's a tad too late after you spend the money.  But that's always the conservative solution.  They promised to balance the budget if they won the House, but they couldn't.  Their next best offer is to overspend and then refuse to pay the bills.  

Even worse, it took the new Republican controlled House less than a year to lower our countries credit rating, the first time that had ever happened.  Now we have the first government shutdown in 17 years, the last time that happened was another Republican controlled House also.

Congressional approval ratings are hovering in the single digits, and they're not going up.  On the other hand Obama won a second term with Obamacare and the Buffet rule being highlights of his campaign.  So we know which side the nation is behind in this.  The Dems just have to wait until we win the House back and hope the GOP doesn't push us back into a recession or downgrade our credit again in the meantime.


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PostIcon Posted on: Oct. 04 2013,11:20 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I usually consider you an informed person Irish and very detail oriented in your replies.  One of the few on here I legitimately read your entire responses because you don't engage in the personal attacks like so many others.
But I can't think, that even you believe all that you wrote above.  Blaming just the house for the credit downgrade?  That was a total collapse of our entire gov't starting even before Bush 43. Not living within our means has long been a problem at the federal level, despite which party held power in either chamber or White House.
When either party holds only one chamber its difficult to get anything passed.  Case in point is a budget.  When was the last time we had a budget approved?
Do you think the ACA would have been passed if the Dem's didn't hold power in both houses?
Blaming one party or the other really solves nothing.  Both parties need to grow a pair, man up, and negotiate and quit being drama queens in front of the camera.


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PostIcon Posted on: Oct. 04 2013,7:36 pm Skip to the previous post in this topic.  Ignore posts   QUOTE


(irisheyes @ Oct. 04 2013,8:22 am)
QUOTE
If deficit spending is so bad, why do Republicans continue to vote for the very bills that cause the overspending?  It's like a guy who maxes out his credit card and then ignores the bills because he says he needs to "live within his means".  It's a tad too late after you spend the money.  But that's always the conservative solution.  They promised to balance the budget if they won the House, but they couldn't.  Their next best offer is to overspend and then refuse to pay the bills.  

Even worse, it took the new Republican controlled House less than a year to lower our countries credit rating, the first time that had ever happened.  Now we have the first government shutdown in 17 years, the last time that happened was another Republican controlled House also.

Congressional approval ratings are hovering in the single digits, and they're not going up.  On the other hand Obama won a second term with Obamacare and the Buffet rule being highlights of his campaign.  So we know which side the nation is behind in this.  The Dems just have to wait until we win the House back and hope the GOP doesn't push us back into a recession or downgrade our credit again in the meantime.

Seems to me that our credit was down-graded on Obama's watch.

Congress' have been I the toilet for along time, under Dems control too


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