Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' - Page 2 - TigerDroppings.com

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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6178 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

Wel it certainly seems as if ya'll haven't been keeping up...raising your credit card limit does not increase your debt....using that credit card does......it is the spending that has already taken place that has driven up the debt....the debt ceiling is a number that was picked out of thin air and really means nothing.....unless of course you limit spending to the ceiling which isn't being done and won't be done for obvious reasons......


Just fricking stop.. The mental gymnastics people exhibit to defend idiotic statements is insulting to anyone with a brain..






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Meauxjeaux
Memphis Fan
I have 89,275 posts with my alters
Member since Jun 2005
16312 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


I remember I got a credit card with a $10k limit once.

I think the point of that limit was to make sure I didn't spend more than $10k on it, no matter how long it took the bills to finally arrive.

I was kinda supposed to plan around the fact that I could not have more than $10k coming due for that card.

The retard gymnastics the Dems do these days is a hoot.






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Lsut81
USA Fan
Member since Jun 2005
63102 posts
 Online 

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

Just fricking stop.. The mental gymnastics people exhibit to defend idiotic statements is insulting to anyone with a brain..


No fricking shit


+ Eleventy Billion






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a want
LSU Fan
North America
Member since Oct 2010
9317 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

we could defund some programs and privatize some assets ASAP to clear up the money

Yes we could. Of course this would drastically lower confidence in the U.S. government. And if you think "over-regulation" is holding back the economy, just wait till we reneg on our contracts and obligations...and lay off tens of thousands of federal workers and contractors within a two or three month period. You can cool down a burning hot pan by plunging it into ice water...it cools down but it also cracks the pan.

There are all sort of alternatives. But why can't we just cut spending? It boggles my mind. We can't even put together a long term plan.






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Lsut81
USA Fan
Member since Jun 2005
63102 posts
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re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

Of course this would drastically lower confidence in the U.S. government


You mean, living within your means and doing what it takes to pay your debts would lower confidence?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

.and lay off tens of thousands of federal workers
No one would notice a difference.






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37547 posts
 Online 

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

lay off tens of thousands of federal workers and contractors


when an organization spend more money than it has, this is always the result you clown.






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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
292159 posts
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re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

Of course this would drastically lower confidence in the U.S. government.

i don't think if we cut medicare, medicaid, SS, welfare, the military, food stamps, HUD by 10% we'd have any confidence in our government shaken...at least internationally

quote:

And if you think "over-regulation" is holding back the economy, just wait till we reneg on our contracts and obligations...and lay off tens of thousands of federal workers and contractors within a two or three month period.

that is going to happen at some point. this is not an argument, because that threat is literally ALWAYS hanging over our heads. shite is going to suck, we just have to decide when it's going to suck, and if we're going to try to make a long-term plan ahead of the point where we can't control it anymore (the crash)

quote:

But why can't we just cut spending? It boggles my mind. We can't even put together a long term plan.

because the spending we need to cut isn't government agency salaries or contracts. the spending we need to cut are in sacred cow entitlement programs

now i will say what DOES NOT help is enacting the largest entitlement program in 50 years with all of this staring us in our face. it's insane, but that's a different topic i guess






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a want
LSU Fan
North America
Member since Oct 2010
9317 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

You mean, living within your means and doing what it takes to pay your debts would lower confidence?

No, I mean signing contracts (many of which are with private contractors) and deciding to cancel them. What will the business climate be like then?

When you're paying the bill is not the time to decide you shouldn't have ordered so much food.

Be responsible, pay your bill, and order less food next time.



This post was edited on 9/19 at 9:16 am


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Layabout
UNO Fan
Baton Rouge
Member since Jul 2011
6527 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

It allows you to raise the debt though so...?

It allows you to pay for the debt already incurred.






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a want
LSU Fan
North America
Member since Oct 2010
9317 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

that is going to happen at some point.

It doesn't have to happen all at once though. We aren't going to solve this clustercuss overnight.

I think we agree on most of this with the exception of timing. Yes medicare and SS needs to be cut. Yes defense needs to be cut. Hell, just about everything needs to be be cut.



This post was edited on 9/19 at 9:17 am


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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
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re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

It doesn't have to happen all at once though. We aren't going to solve this clustercuss overnight.

they've had almost 2 years of "debt ceiling" crises to do something, and they haven't done shit

i'm looking at this realistically...it's going to have to be done at once...and it will hurt for a while






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Crow Pie
New Orleans Saints Fan
Heart of Lafayette
Member since Feb 2010
9567 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

and lay off tens of thousands of federal workers


Finally someone has submitted a decent plan.






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37547 posts
 Online 

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

Be responsible, pay your bill, and order less food next time.


appropriations for funds that haven't been approved likeo obamacare can simply not be funded. that saves a ton of money.



This post was edited on 9/19 at 9:18 am


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a want
LSU Fan
North America
Member since Oct 2010
9317 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

m looking at this realistically...it's going to have to be done at once...and it will hurt for a while

Why do you think it has to be done at once?

It seems much more politically viable to come up with a 10-15 year plan...gradually phasing in cuts so we eventually eliminate the deficit but not disrupt the economy too bad.






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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
292159 posts
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re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

Why do you think it has to be done at once?

because the DEMs and establishment GOP won't cut spending until they're looking down the barrel of a fricking gun

quote:

It seems much more politically viable to come up with a 10-15 year plan...gradually phasing in cuts so we eventually eliminate the deficit but not disrupt the economy too bad.

did you see the uproar with the sequester? that was a nothing cut that was made to be an oncomming great depression

you really think our politicians are going to cut medicaid, medicare, welfare, food stamps, etc? they JUST enacted Obamacare and the DEMs are mostly flat refusing to accept cutting it way back, and it's not even an entrenched entitelment






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pistolpete23
In the present
Member since Dec 2007
3820 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

It allows you to pay for the debt already incurred.


If it's already incurred...Shouldn't you already have the funds to pay for it?






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Lsut81
USA Fan
Member since Jun 2005
63102 posts
 Online 

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

because the DEMs and establishment GOP won't cut spending until they're looking down the barrel of a fricking gun


Yup, exact reason why Boner is a bitch... He had the opportunity to shut shite down and really force some drastic changes, but he caved because he was more worried about his political future.






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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
5980 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

It's already spent and appropriated.


Are you sure? Could it be appropriated, but not spent?






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germandawg
Member since Sep 2012
2718 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


quote:

If it's already incurred...Shouldn't you already have the funds to pay for it?


Right????


I agree...and I think the case for this should be made IF there is the political will and capital to do so....but it still does not mean that we can't pay for the meal we just ate....






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