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| LION! Re: Just raise the F###ing debt ceiling (819317) | |||
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LION! Re: Just raise the F###ing debt ceiling |
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Posted by Broadway Lion on Sat Jul 30 16:23:16 2011, in response to Just raise the F###ing debt ceiling, posted by dand124 on Sat Jul 30 15:52:43 2011. There are actually two debt ceilings.Just look in your own pocket, and pull out a credit card. You *can* say to this card "I will not charge more that $1000 on you" and that is the credit limit or "debt ceiling" that *you* put on it. THAT is the ceiling that the government has reached now. That is to say that congress has decreed "You shall carry this much debt, and no more." THE OTHER DEBT CEILING is the one the bank gave you when you applied for the card. Break that one, and you will find that you have no more credit, and the card will be declined in the stores when you go shopping. Well, we are pretty damn close to that one too, but that one CANNOT BE ADJUSTED by congress or by signing bills into law. Congress can raise their debt ceiling to twenty-five-zillion dollars if they want, but if nobody will loan it to them, it is just tough $#!+. Our inability to use credit wisely, by depending on credit for what are essentially day to day expenses, will lower our credit rating so that we will have to pay more and more interest for less and less capital. To fix this you must either have more income, or else fewer expenses. You *can* go to your boss and ask for a raise, and you might even get it, but unless the boss is in a good economic position it is more likely that he will not give you that raise. YOU will have to cut expenses and you will have to live within your means. Obama has come before the nation asking for an increase in the debt ceiling AND for in increase of Federal income. But when Obama was in the Senate he did vote AGAINST a raise in the debt ceiling. Politics? You are damn right politics! He asked his banker (you and me) for an increase in his credit limit, and this is still pending. He asked his boss (you and me) for an increase in his income and Mister Dithers tossed him out on his ear! The Republicans in the House are doing EXACTLY what they were sent there to do: to put a limit on this foolish administration! No more money, spend only what we have given you and no more. The DEMOCRATS had the opportunity and the LEGAL RESPONSIBILITY to pass a budget last year at this time, but they refused to do so, now an election has passed, and it is the Republicans who control the House (from where ALL spending bills MUST arise) and they are NOT going to increase anything, or so it is to be hoped by those who put them there. Not raising the debt ceiling is NOT going to put the nation in default. There *IS* money coming in and the debt *can* be serviced, but clearly not all government expenses can me met under the current debt ceiling. Let Obama cut spending here and now, or he can go fly a kite, which he will be doing in 2012 anyway. 
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