Democrats push to eliminate the debt ceiling, allow unlimited government borrowing

[ptif219]

I think you mean the Democrats did not fight hard enough against the Republicans, which I agree with.

No the democrats said there was no problem when Bush wanted restrictions on Fanny and Freddy

 

[ptif219]

Ok, then stopping pushing this false idea that the Debt Ceiling, is the issue, and that it would be right for the GOP to vote against raising it, and stick instead to the issue of omnibus bills.


I am glad you are admitting now the debt ceiling is not the problem and it should be raised. I am glad you realize not raising it, does nothing to address the debt already accrued in the PAST, and will only add to the debt and make it more expensive.

So if your goal is to add more debt, and make the interest payments on it higher, you support not raising the debt ceiling. If you do that you cannot PRETEND you are against debt, as you are voting, not only for more debt, but for more expensive debt.

It is the issue since the democrats want no restrictions to their spending. That is why they love the Baseline budgeting and refuse to follow procedures for the budgets so they can do useless and pork filled omnibus bills that should never happen

 

[ptif219]

Bush had the house and senate. Phil Gramm, a republican, keep trying until he got the Economic Modernization Act through. It removed banking restraints that kept banks from intermingling the people.s bank accounts and their investment services. He also gutted the FDR age regulations of Glass/Steagal. Gramm's wife was an Exon exec. I remember when Gramm got it through. It was late at night, 2 0r 3 AM. The Dems came out saying that a very dangerous act was passed.

You mean Clinton and Reno got rid of redline banking practices and forced banks to make bad loans through Fanny and Freddy that caused the housing collapse that helped push us into a recession

 

[PostmodernProphet]

My socks and I make crappy photoshopped insults and throw them at the people we don't like

you probably also drop water balloons out of second story windows at the other third graders, don't you........

 

[SmarterthanYou]

I have some good news for you then. The Republican Party has given up on the whole concept of democracy, and does not believe there is a right to vote. If we do not vote how they want, they do not believe we should have the vote.

im sure you can show those viewpoints sitting on the RNC page, am I right?

whereas, I am basing my viewpoint on the stupidity displayed by most of you on this board, left AND right

 

[Into the Night]

Give Biden and the democrats a blank check? This would be stupid they already have out of control spending. Democrats need to work with GOP to raise debt ceiling

There really is no such thing as a 'debt ceiling'. There never was.
If Congress authorizes the debt, they can authorize any debt they want.

While the debt if currently $35 trillion, and the interest on it is now larger than the entire budget for the military, a debt crash won't be the way this goes.
The reason is the wholesale printing of money to pay for all of this. It's going to be a cash crash, not a debt crash. A bit like Weinmar Germany.

It's happened to Germany, Mexico, Brazil, Japan, and many other nations. NOTHING makes the federal government special about this.

Will people stick with fiat currency when the dollar is revalued to the 'new dollar', worth $100 of the 'old' dollars, or will people choose some other currency such as digital currency like Bitcoin, or choose to return to gold and silver (the currency designated in the Constitution)?
When people choose the replacement currency, it will happen fast...almost overnight. There will be a major disruption, since government must necessarily collapse in an uncontrolled manner. Perhaps to be replaced by independent republics or a restoration of a federal republic, probably using the present Constitution as a core model for it.

More and more people are beginning to take the attitude, 'good riddance'. They WANT a return to a republican form of government. They WANT a constitution restored.
Only the DEMOCRATS want the oligarchy that the current 'federal government' has been converted into.

 

[Into the Night]

No, it would only allow the borrowing to cover the difference in the spending that Congress authorized and the income that Congress authorized. Remember Congress has already ordered the government to borrow this amount. In fact, it is unconstitutional for the government to refuse Congress' demand.

Congress is not an oligarchy according to the Constitution. Don't try to hide behind the document you despise.

 

[Into the Night]

Can you even begin to see what would happen if the GOP refused to raise the debt ceiling. They might never win another election for decades.

That's not only assuming that elections take place, but that people are going to vote for the party that destroyed the Constitution and caused the elections to fault.

 

[Into the Night]

It is unconstitutional for Republicans to default on the debt. And it would cost Americans a lot of money.

Most importantly why do it? It is just them throwing a temper tantrum.

It is not unconstitutional to default on the debt.

 

[Into the Night]

Its everyones fault, and there is no option but to raise the debt ceiling as it has always been done before.

There is no such thing as a 'debt ceiling'.

 

[Into the Night]

You never seem to mention fiscal restraint when a Republican is President, which goes to show that your argument is pure bullshit.

Argument of ignorance fallacy. Bulverism fallacy.

 

[Saint Guinefort]

There is no such thing as a 'debt ceiling'.

Why do you say demonstrably stupid, incorrect shit like this? You do it all the time.

 

[Into the Night]

The Repubs always jack the debt up bigly. It is their plan that they think will allow them to end programs that do not help the rich and corporations. They slash taxes for the rich and corporations while increasing military and other spending. They do it every time. The debt ceiling is about paying the bill for things we have already done. You have no understanding of the problems at all.

There is no such thing as a 'debt ceiling'. Buzzword fallacy. Gaslighting. Trump cut taxes across the board. That's EVERYBODY dumbass!
Military is only the 4th largest expenditure. Far more money is spent on socialism like Medicare/Medicaid, Social Security, and the interest on the debt.
In other words, DEMOCRAT created programs.

 

[Into the Night]

Bigly, as in trumps almost $8 trillion deficit in just 4 years.

Trump cannot cause a deficit. No President has that authority. CONGRESS caused it.

 

[floridafan]

That's not only assuming that elections take place, but that people are going to vote for the party that destroyed the Constitution and caused the elections to fault.

Well Donald is already on record as being in favor of destroying the Constitution and you agreeing with him!

 

[Into the Night]

I know you lost honey bun when you desperately change the subject!!

Assumption of victory fallacy.

 

[floridafan]

There is no such thing as a 'debt ceiling'.

Then there would be no need to vote and raise it, sweetie pie. Maybe you are in favor of just eliminating the debt ceiling and not having to go through this circus.

 

[floridafan]

Argument of ignorance fallacy. Bulverism fallacy.

4 years of trump, almost 8 trillion in new deficits, and not a single peep from you.

 

[Into the Night]

It is a dangerous game the Reds play. Someday, perhaps this day, they will carry through with it and do serious economic damage to the US and the world.

It is DEMOCRATS that shut down the economy causing the current economic depression. All to make Trump look bad. It is DEMOCRATS that conducted (and still do!) the fear mongering over covid19.

MTG and her band of merry bomb anarchists want to blow it all up.

DEMOCRATS already did that!

They were informed of what dangers they are playing with and they do not care.

You are describing DEMOCRATS. Inversion fallacy.

 

[floridafan]

Trump cannot cause a deficit. No President has that authority. CONGRESS caused it.

Can Congress by themselves add new spending into law?