Acceptable registrations in the queue through June 3 at 5:00p ET have now been activated. Enjoy! -M.W.
Terms of Use have been amended effective October 6, 2019. Make sure you are aware of the new rules! Please visit this thread for details: https://www.mibuzzboard.com/phpBB3/view ... 16&t=48619
Terms of Use have been amended effective October 6, 2019. Make sure you are aware of the new rules! Please visit this thread for details: https://www.mibuzzboard.com/phpBB3/view ... 16&t=48619
Debt ceiling
Debt ceiling
I keep reading that the Democrats aren't willing to compromise whatsoever on the debt ceiling.
So my question is, what is the point in having one? Why not just keep printing money? And for that matter, why not just legalize counterfeiting money? We're over $31,000,000,000,000.00 in debt, so what the hell...what's another few trillion?
So my question is, what is the point in having one? Why not just keep printing money? And for that matter, why not just legalize counterfeiting money? We're over $31,000,000,000,000.00 in debt, so what the hell...what's another few trillion?
- FakeAndyStuart
- Posts: 497
- Joined: Sun Jul 26, 2015 7:07 pm
- Location: MOVED! Now residing in CurmudgeonLand
Re: Debt ceiling
Debt is money already spent. Spent by past administrations and other Congresses. Just like your Mastercard bill can't be "compromised" this discussion of how we pay off what we already spent can't be "compromised." The sheer lack of understanding of how government works shows thru every day.bmw wrote: ↑Sat Jan 21, 2023 11:26 amI keep reading that the Democrats aren't willing to compromise whatsoever on the debt ceiling.
So my question is, what is the point in having one? Why not just keep printing money? And for that matter, why not just legalize counterfeiting money? We're over $31,000,000,000,000.00 in debt, so what the hell...what's another few trillion?
Now, you want to talk about NEW spending? Okay, let's talk. I believe that is what many voters who chose Republicans and conservatives voted for. But not paying past bills is not the leverage that will bring the other side to the table. Just look at what happened in 2013.. Let's have some economics lessons here before we blow everything up.
Re: Debt ceiling
Yea, that money is the credit card balance on stuff we already spent, but the real argument is not changing our ways at all and continuing to RAISE that debt instead of doing ANYTHING meaningful to pay it down, OR AT LEAST, not continuing to raise it further and further.FakeAndyStuart wrote: ↑Sat Jan 21, 2023 12:00 pmDebt is money already spent. Spent by past administrations and other Congresses. Just like your Mastercard bill can't be "compromised" this discussion of how we pay off what we already spent can't be "compromised." The sheer lack of understanding of how government works shows thru every day.bmw wrote: ↑Sat Jan 21, 2023 11:26 amI keep reading that the Democrats aren't willing to compromise whatsoever on the debt ceiling.
So my question is, what is the point in having one? Why not just keep printing money? And for that matter, why not just legalize counterfeiting money? We're over $31,000,000,000,000.00 in debt, so what the hell...what's another few trillion?
Now, you want to talk about NEW spending? Okay, let's talk. I believe that is what many voters who chose Republicans and conservatives voted for. But not paying past bills is not the leverage that will bring the other side to the table. Just look at what happened in 2013.. Let's have some economics lessons here before we blow everything up.
Re: Debt ceiling
The Democrats aren't willing to even talk about cuts to FUTURE spending.
New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.
Re: Debt ceiling
Nice way of deflecting and talking down to me like I'm a 3rd grader without actually answering my question, which was, what is the point of having a debt ceiling if you can just keep raising it indefinitely?FakeAndyStuart wrote: ↑Sat Jan 21, 2023 12:00 pmDebt is money already spent. Spent by past administrations and other Congresses. Just like your Mastercard bill can't be "compromised" this discussion of how we pay off what we already spent can't be "compromised." The sheer lack of understanding of how government works shows thru every day.
Now, you want to talk about NEW spending? Okay, let's talk. I believe that is what many voters who chose Republicans and conservatives voted for. But not paying past bills is not the leverage that will bring the other side to the table. Just look at what happened in 2013.. Let's have some economics lessons here before we blow everything up.
I'm not particularly pleased with Republican-controlled spending over the past 20 years, but when it comes to Democrats - they literally want a credit card without a spending limit, and if you ask them, there is never, ever a good time to cut spending on ANYTHING (except the military).
Re: Debt ceiling
Explain to me any consequences of continuing to keep our debt on pace with our needs?bmw wrote: ↑Sat Jan 21, 2023 2:08 pmNice way of deflecting and talking down to me like I'm a 3rd grader without actually answering my question, which was, what is the point of having a debt ceiling if you can just keep raising it indefinitely?FakeAndyStuart wrote: ↑Sat Jan 21, 2023 12:00 pmDebt is money already spent. Spent by past administrations and other Congresses. Just like your Mastercard bill can't be "compromised" this discussion of how we pay off what we already spent can't be "compromised." The sheer lack of understanding of how government works shows thru every day.
Now, you want to talk about NEW spending? Okay, let's talk. I believe that is what many voters who chose Republicans and conservatives voted for. But not paying past bills is not the leverage that will bring the other side to the table. Just look at what happened in 2013.. Let's have some economics lessons here before we blow everything up.
I'm not particularly pleased with Republican-controlled spending over the past 20 years, but when it comes to Democrats - they literally want a credit card without a spending limit, and if you ask them, there is never, ever a good time to cut spending on ANYTHING (except the military).
This has been happening most of my adult life, and besides some political principles, I don't see many hard impacts.
We could resolve this debt issue with military austerity and no sacrifice to our security.
“Blessed are those who are righteous in his name.”
― Matt
Posting Content © 2024 TC Talks Holdings LP.
― Matt
Posting Content © 2024 TC Talks Holdings LP.
Re: Debt ceiling
He's from ohio. You are free to ignore his drivel.bmw wrote: ↑Sat Jan 21, 2023 2:08 pmNice way of deflecting and talking down to me like I'm a 3rd grader without actually answering my question, which was, what is the point of having a debt ceiling if you can just keep raising it indefinitely?FakeAndyStuart wrote: ↑Sat Jan 21, 2023 12:00 pmDebt is money already spent. Spent by past administrations and other Congresses. Just like your Mastercard bill can't be "compromised" this discussion of how we pay off what we already spent can't be "compromised." The sheer lack of understanding of how government works shows thru every day.
Now, you want to talk about NEW spending? Okay, let's talk. I believe that is what many voters who chose Republicans and conservatives voted for. But not paying past bills is not the leverage that will bring the other side to the table. Just look at what happened in 2013.. Let's have some economics lessons here before we blow everything up.
I'm not particularly pleased with Republican-controlled spending over the past 20 years, but when it comes to Democrats - they literally want a credit card without a spending limit, and if you ask them, there is never, ever a good time to cut spending on ANYTHING (except the military).
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: Debt ceiling
You don't see this as a problem sometime soon?TC Talks wrote: ↑Sat Jan 21, 2023 2:58 pmExplain to me any consequences of continuing to keep our debt on pace with our needs?
This has been happening most of my adult life, and besides some political principles, I don't see many hard impacts.
We could resolve this debt issue with military austerity and no sacrifice to our security.
And in 2022, that number is up to 123%.
You think this is sustainable?
-
- Posts: 4291
- Joined: Fri Jun 15, 2012 10:09 pm
- Location: Brighton
Re: Debt ceiling
Hey, if all this money is being spent, I could stand to have a couple hundred bucks thrown my way. Even just a new coat would be nice.
"Internet is no more like radio than intravenous feeding is like fine dining."
-TurkeyTop
-TurkeyTop
Re: Debt ceiling
Why stop at a few hundred? Why not send everybody a check for thousands, or tens of thousands of dollars? Or maybe a million? There we go - let's make everybody a millionaire, since the national debt doesn't matter.Mega Hertz wrote: ↑Sat Jan 21, 2023 3:27 pmHey, if all this money is being spent, I could stand to have a couple hundred bucks thrown my way. Even just a new coat would be nice.
-
- Posts: 4291
- Joined: Fri Jun 15, 2012 10:09 pm
- Location: Brighton
Re: Debt ceiling
Well I'm not trying to be a pig, just toss a taxpayer a few bucks.bmw wrote: ↑Sat Jan 21, 2023 3:43 pmWhy stop at a few hundred? Why not send everybody a check for thousands, or tens of thousands of dollars? Or maybe a million? There we go - let's make everybody a millionaire, since the national debt doesn't matter.Mega Hertz wrote: ↑Sat Jan 21, 2023 3:27 pmHey, if all this money is being spent, I could stand to have a couple hundred bucks thrown my way. Even just a new coat would be nice.
"Internet is no more like radio than intravenous feeding is like fine dining."
-TurkeyTop
-TurkeyTop
-
- Posts: 4291
- Joined: Fri Jun 15, 2012 10:09 pm
- Location: Brighton
Re: Debt ceiling
Okay. 20 bucks, 12 pack of Coke and a pack of Newports. Settled.
"Internet is no more like radio than intravenous feeding is like fine dining."
-TurkeyTop
-TurkeyTop
- MWmetalhead
- Site Admin
- Posts: 12295
- Joined: Sun Oct 31, 2004 11:23 am
Re: Debt ceiling
Lots of people did get thousands and thousands of "free" money from the Feds in 2020 and 2021, regardless of true need. Just sayin'.
No, it's not sustainable.
https://en.m.wikipedia.org/wiki/List_of ... ublic_debt
No, it's not sustainable.
https://en.m.wikipedia.org/wiki/List_of ... ublic_debt
Morgan Wallen is a piece of garbage.
Re: Debt ceiling
Like everything, it is a cyclical trend. We are coming out of a H*** financial disruption after which the government infused everyone with money to prevent a collapse. PPE and SBA and corporate stabilization costs have a lot to do with the spike.bmw wrote: ↑Sat Jan 21, 2023 3:17 pmYou don't see this as a problem sometime soon?TC Talks wrote: ↑Sat Jan 21, 2023 2:58 pmExplain to me any consequences of continuing to keep our debt on pace with our needs?
This has been happening most of my adult life, and besides some political principles, I don't see many hard impacts.
We could resolve this debt issue with military austerity and no sacrifice to our security.
And in 2022, that number is up to 123%.
You think this is sustainable?
Like all trends, it will come back down without the theatrics your 20 boneheads in Congress seem to want to perform. It will backfire, because they do not represent a majority of the citizens.
You still haven't given me a concrete consequence of deficit spending. Your chart shows we have been doing it for decades. Why should we care if we raise the debt ceiling?
"we shouldn't" isn't an answer.
“Blessed are those who are righteous in his name.”
― Matt
Posting Content © 2024 TC Talks Holdings LP.
― Matt
Posting Content © 2024 TC Talks Holdings LP.
Re: Debt ceiling
The debt ceiling is a stupid (and possibly not constitutional) concept. We aren’t talking about future spending. We are talking about not paying for things that have already been passed by congress and the monies released to pay for the prescribed programs.bmw wrote: ↑Sat Jan 21, 2023 2:08 pmNice way of deflecting and talking down to me like I'm a 3rd grader without actually answering my question, which was, what is the point of having a debt ceiling if you can just keep raising it indefinitely?FakeAndyStuart wrote: ↑Sat Jan 21, 2023 12:00 pmDebt is money already spent. Spent by past administrations and other Congresses. Just like your Mastercard bill can't be "compromised" this discussion of how we pay off what we already spent can't be "compromised." The sheer lack of understanding of how government works shows thru every day.
Now, you want to talk about NEW spending? Okay, let's talk. I believe that is what many voters who chose Republicans and conservatives voted for. But not paying past bills is not the leverage that will bring the other side to the table. Just look at what happened in 2013.. Let's have some economics lessons here before we blow everything up.
I'm not particularly pleased with Republican-controlled spending over the past 20 years, but when it comes to Democrats - they literally want a credit card without a spending limit, and if you ask them, there is never, ever a good time to cut spending on ANYTHING (except the military).
There are things the administration can do… ignore the debt ceiling is one. Congress can order the treasury to mint a $1 Trillion coin and deposit it in the federal reserve. Note that this would not be inflationary either. It’s not increasing the money supply at all. Just an accounting trick.
This entire debt problem goes back to Regan and all of the subsequent folks who have cut taxes as infinitum knowing full well that spending would NEVER be cut because nobody wants their pet project slashed. You can’t cut taxes and blow a hole in the budget repeatedly and expect us not to have a jump in debt. And now the boomers are aging out of the workforce and taking their tax contributions with them. Because of automation and the rise of college and loss of low skill jobs combined we don’t have the folks paying in as strongly as we need and we don’t have the tax levels needed to fund things like we used to.
Things were sustainable until these things started changing.