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Don’t increase ceiling

November 2, 2013

When borrowed money is used to employ and pay people, they regress and do not follow principles of best human behavior, and they cost us more in interest payments....

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(69)

Capricorn1

Nov-02-13 1:35 AM

What must our grandkids think when they grow up in a society where the federal government takes 4 trillion a year to feed, we are 17 trillion in debt and climbing, consumer debt is at 11 trillion and almost half the country is on government assistance. What a rosy picture we paint for their future.

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eriklatranyi

Nov-02-13 5:21 AM

Can you imagine what our debt would be if the debt ceiling would not be authorized by Congress?

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MrShaman

Nov-02-13 6:06 AM

"When borrowed money is used to employ and pay people, they regress and do not follow principles of best human behavior, and they cost us more in interest payments. So, do not increase the federal debt ceiling." - Herbert C. Jordan

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There's only so-much Dems can do!!!

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See:

Ronald Reagan Began US Government Deficit-Spending Addiction

"Ronald Reagan exploded the federal debt, eventually to over a trillion dollars, by cutting taxes while demanding that the nation fund a huge expansion of the military.

Reagan was hopeful that the deficits would frighten the American people into supporting a wide-ranging series of cuts in social spending, not military spending, and while some cuts were made in welfare programs, which increased the suffering of the poor, the debt as a percentage of GDP ballooned under Reagan and George H. W. Bush."

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MrShaman

Nov-02-13 6:20 AM

"What must our grandkids think when they grow up in a society where the federal government takes 4 trillion a year to feed, we are 17 trillion in debt and climbing, consumer debt is at 11 trillion and almost half the country is on government assistance." - Capricorn1

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When the U.S. Military INSISTS they don't NEED the increased-spending Congress allots to their budget...what would you suggest??

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spike2

Nov-02-13 7:21 AM

Grandchildren who are over 18 overwhelmingly voted democratic. Maybe we should ask the under 40's.

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Capricorn1

Nov-02-13 7:39 AM

When the U.S. Military INSISTS they don't NEED the increased-spending Congress allots to their budget...what would you suggest?? -Shaman

Typical liberal, the ONLY program that they feel can be cut is our military. Do the research Skippy, the administration is already slashing military spending and if he gets his way he wants 1 trillion in spending cuts.

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MrShaman

Nov-02-13 8:19 AM

When the U.S. Military INSISTS they don't NEED the increased-spending Congress allots to their budget...what would you suggest?? -Shaman

Typical liberal..." - Capricorn1

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Typical salesman.

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"With respect to contractors, the Defense Department customarily does business with an inverted system of rewards and penalties. Contractors are often rewarded for higher than planned program costs with increased sales, higher contributions to overhead, and higher profits. The system also encourages government and industry managers to place higher priority on gaining congressional approval to begin new acquisition weapon programs or obtain additional funding for ongoing programs than it does on controlling cost."

See:

Can Decades of Military Overspending be Fixed?

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Capricorn1

Nov-02-13 8:27 AM

Shaman, I'll be the FIRST to tell you that the government overpays defense contractors. But who's fault is that, the contractor or the government? The only ones that really suffer from cuts in defense is the troops and their families.

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eriklatranyi

Nov-02-13 9:27 AM

It's funny....liberals love defense cuts, then they love to criticize the military for not having the exact equipment needed for a specific theater of combat.

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JohnZook

Nov-02-13 9:28 AM

Sham- And why did Reagan have to spend so much on the Military? Because "Mr. Scrooge" Carter let our Military decay into a shadow of it's former self. "Peace Through Strength" has done more to protect this country than any Liberal social program. Just look at what the world thinks of us today.

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eriklatranyi

Nov-02-13 9:28 AM

Liberals criticized drone strikes until President Obama used them.

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msgjsheets

Nov-02-13 10:03 AM

To all of those liberals who want to continue to borrow more and more money to fund an out of control federal government: Is there any level of debt that you would object to? Is there a line that you would say enough is enough?

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ToTEXASfromPA

Nov-02-13 10:29 AM

msgjsheets, I was thinking along the same lines.

So MrShaman (or CMReeder or Sideliner or FortySixand2 or BuffTrev-Scott36 or Spike2 or Hilfirty or Rick424 or anyone else that I may have overlooked) who blames Reagan and GWB for debt increase (and justifiably so), is there a debt target maximum? If so, what is your limit? Do you have a political answer or a principled answer (does it depends on whatever political party is advocating it and what their interests are)? Do you use the subtle differences of % or absolute $$, relative to GDP or not?

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Capricorn1

Nov-02-13 11:13 AM

Good luck getting an answer, I've asked the same question many times in the past.

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FortySixand2

Nov-02-13 11:50 AM

Perhaps the letter writer thinks it's OK to not pay the bills already incurred. That means default and insolvency. The dollar becomes worthless on the world market. The United States becomes a financial risk too big to invest in. If you Teabaggers were so concerned with debt, then why didn't you storm Washington to stop bush/Cheney from borrowing 3 trillion dollars to go to war at the same time giving massive tax cuts?

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FortySixand2

Nov-02-13 11:57 AM

I will not come on here claiming the left is blameless, but, and it is a HUGE but...when you're handed the wreckage that was the debt and economy that was handed to the Obama Adm. it's almost a miracle we've gotten back on somewhat solid financial ground. In the five years he's been in office the annual budget deficit has fallen every single year, AND that decline rate is the fastest five year rate since WWII.

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FortySixand2

Nov-02-13 12:03 PM

And we will NEVER, EVER cut our debt without both TAX INCREASES(I say to the business and wealthy) and scalpel like spending cuts. It will NEVER happen. So the right had better finally come around to the fact of tax increases or we're all just whisling in the wind. The right has to get beyond the Holy Grail of no tax increases ever. That is an extreme position to be in financially. When I have a bill to pay, I come up with one way or another to pay it. In the end, you pay a bill with $$$$, more of it if necessary.

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gavinf56

Nov-02-13 12:06 PM

"So the right had better finally come around to the fact of tax increases or we're all just whisling in the wind." - FortySixand2

...and the same can be said about the left and entitlement reform. There is more than enough blame to go around.

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gavinf56

Nov-02-13 12:08 PM

"In the five years he's been in office the annual budget deficit has fallen every single year, AND that decline rate is the fastest five year rate since WWII." - FortySixand2

Sorry, that propaganda just made me laugh.

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MrShaman

Nov-02-13 12:10 PM

"I will not come on here claiming the left is blameless, but, and it is a HUGE but...when you're handed the wreckage that was the debt and economy that was handed to the Obama Adm. it's almost a miracle we've gotten back on somewhat solid financial ground. In the five years he's been in office the annual budget deficit has fallen every single year, AND that decline rate is the fastest five year rate since WWII." - FortySixand2

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Not to worry! The T-Baggin' Class O' 2010 is already workin' on the pile o' debt to drop-into Hillary's lap!!!

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See:

The Stunning Collapse Of Infrastructure Spending In One Chart

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"It’s also likely that much of the investment that has been forgone in the name of fiscal consolidation will have to be made eventually anyways — only it will be made when rates are higher, exacerbating the long-term fiscal outlook rather than improving it,” Garcia writes."

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Shulski

Nov-02-13 12:21 PM

Raise taxes not the debt ceiling. NP politician dares raise taxes for fear of being unpopular. It's one or the other

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MrShaman

Nov-02-13 12:23 PM

"In the five years he's been in office the annual budget deficit has fallen every single year, AND that decline rate is the fastest five year rate since WWII." - FortySixand2

Sorry, that propaganda just made me laugh." - gavinf56

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...Until you look at the numbers....

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See:

US Federal Deficit Definition - plus charts and analysis

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GoBB62

Nov-02-13 12:44 PM

"'The fact that we are here today to debate raising America's debt limit is a sign of leadership failure." - Then-senator Barack Obama, March 16, 2006

Those words are just as true today as they were 7 years ago.

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gavinf56

Nov-02-13 12:53 PM

"...Until you look at the numbers...." - MrShaman

Yep, if it fits the narrative, which coming from you is no surprise, but context and facts point to a slightly different conclusion.

See: Deficits Falling (From Way Up) -Fact Check

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BornHere

Nov-02-13 1:56 PM

Hey everyone don't forget to turn your clocks back 1 hour before bed tonight.

4 Agrees | 0 Disagrees | Report Abuse »

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