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#1
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Exactly smc. The notion that they want to raise the debt ceiling so they can increase the pace of spending is completely bogus. We do not make enough in tax receipts to cover our EXISTING obligations. These obligations were made by past Congresses-- Republican and Democrat.
As I mentioned in the other thread, there is a notion that we can simply use tax receipts to pay the interest on the debt. While this may not lead to a default to creditors...It most certainly leads us to default on some other obligation. I pointed out that if we follow this strategy we'll be canceling payment to some of our Social Security and Medicare recipients. Tracy said nobody was proposing this...But in fact, anyone who is arguing against raising the debt ceiling-- this is exactly what they are proposing. Because we don't make enough in tax receipts to pay obligations that were accrued in the past (and not by this administration). If you only spend the existing tax receipts-- you've got to pick what obligation you're not going to honor (interest on the debt, federal and veteran pensions, Medicare benefits, Social Security benefits, etc.). Interestingly, there has been talk recently that the debt ceiling isn't even Constitutional. There is a clause in 14th Amendment which essentially says that the obligations of the government shall not be questioned-- and an arbitrary mechanism which prevents the honoring of the obligations would likely not be Constitutional. |
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#2
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OK here we go the tea party and most of the reg GOP are screaming goverment is to big and we need to end the evil goverment emplyees
Now while some may agree i say lets call there bluff and start cutting from the top on down Smaller goverment my way 1] cut the sen down to 50, 1 sen per state 2] cut the house down to 100 reps 2 per state 3] since the GOP love says everyone sould buy there own health ins and goverment ran ins is commieism the the sen ands house must give up the free goverment ins and buy and pay for there own ins 4]Tea party budgets cuts should start at the top by cutting the sen and house members over inflated paychecks so how many yes votes will be coming from the GOP and tea partyers? i bet there won't be any Jerseygirl Jen
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#3
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