congress and the debt ceiling..

[ruffryder]

What is up with congress and the stupid debt ceiling? It seems pretty stupid that congress doesn't want to increase the debt ceiling (not sure why we have one anyways) when it is congress that approved the spending in the first place. It just seems redundant to me, though that is congress, pass a bill into law, then pass another one that contradicts that law...

Anyone else think this is just stupid and another means or redirecting the issue away from congress?

 

[POLZIN]

Mentally stable people believe that not spending even more money we dont have is the way to solve our debt issue. I know its sounds crazy but not createing an even more unsusatiable debt load might actually be a better solution to the problem.

The fact the american people have allowed this go on for so long is truley disturbing and testement to the total lack of common sense left.

 

[ruffryder]

Mentally stable people believe that not spending even more money we dont have is the way to solve our debt issue. I know its sounds crazy but not createing an even more unsusatiable debt load might actually be a better solution to the problem.

The fact the american people have allowed this go on for so long is truley disturbing and testement to the total lack of common sense left.

Good points and all, but this has what to do with this thread? I guess the redirecting statement was correct...

 

[winter brew]

I don't understand why there is a limit either....it's not like they have ever honored the limit. I think it's just a formality like asking the bank for an increase on your credit card limit after the wife maxes it out so she can continue shopping and never even make the interest payment.
I would think the ceiling was placed there as just that...a ceiling ...something put in place intended to say "STOP!" you've spent enough!

 

[ruffryder]

I don't understand why there is a limit either....it's not like they have ever honored the limit. I think it's just a formality like asking the bank for an increase on your credit card limit after the wife maxes it out so she can continue shopping and never even make the interest payment.
I would think the ceiling was placed there as just that...a ceiling ...something put in place intended to say "STOP!" you've spent enough!

I think a better analogy would be like you asking yourself for an increase in spending limit. Right? There is only one party here, and it is congress.

Congress spends the money, congress sets the limit, congress can reduce the amount of money they are spending. This is all just congress and games they are playing.

 

[POLZIN]

Good points and all, but this has what to do with this thread? I guess the redirecting statement was correct...

Nevermind! I should have known better you one of them.

 

[winter brew]

If you asked every member of congress individually who is responsible for the overspending, I bet they ALL blame it on everyone else....it's never them and they ALL stuck to their campaign promises

 

[ruffryder]

If you asked every member of congress individually who is responsible for the overspending, I bet they ALL blame it on everyone else....it's never them and they ALL stuck to their campaign promises

yah, but the scary thing is the WE reelect most of them.

 

[winter brew]

The crooks I vote for almost never get elected.

 

[JSCC]

I think a better analogy would be like you asking yourself for an increase in spending limit. Right? There is only one party here, and it is congress.

Congress spends the money, congress sets the limit, congress can reduce the amount of money they are spending. This is all just congress and games they are playing.

The problem with your analogy is you make it seem as congress is a set group that never changes.
One group comes in and spends spends spends. The next group comes in and cuts cuts cuts. It changes with every group. The debt ceiling was in place to even out the groups. Some groups dont grasp that and think they need to spend more. So they approve the limit increase. Then the next group comes in and well, you get the point.
We as Americans have the most short term memory I swear. It seems we have a hard time looking back and learning from history, and then changing what we are doing so as to not relive the past. Nope we stumble through it and blame it on our neighbors, peers, etc.. Never ending cycle.

 

[swampwater]

Close except congress has never actually spent a dime, they only authorize the spending. It is the executive branch that actually spends the funds so there is more than one party involved in the process. Swampy

I think a better analogy would be like you asking yourself for an increase in spending limit. Right? There is only one party here, and it is congress.

Congress spends the money, congress sets the limit, congress can reduce the amount of money they are spending. This is all just congress and games they are playing.

 

[ruffryder]

Close except congress has never actually spent a dime, they only authorize the spending. It is the executive branch that actually spends the funds so there is more than one party involved in the process. Swampy

Only authorize the spending.. So are you saying it is the executive branches fault that they spent the money that congress authorized them to? Here is a thought, why not just not authorize the spending?

 

[swampwater]

No I am saying there are two parties involved in the proceedure, don't let the executive off the hook. Here is a novel idea why not refuse to spend the money authiorized if the executive realy wants to reign in spending. Some of the stimulus money has still not been spent. Or am I being racist?

Only authorize the spending.. So are you saying it is the executive branches fault that they spent the money that congress authorized them to? Here is a thought, why not just not authorize the spending?

 

[ruffryder]

No I am saying there are two parties involved in the proceedure, don't let the executive off the hook. Here is a novel idea why not refuse to spend the money authiorized if the executive realy wants to reign in spending. Some of the stimulus money has still not been spent. Or am I being racist?

I think you misunderstood the point here. It isn't who is doing the spending, it is that congress is authorizing the spending, then it seems they are complaining that the money gets spent.

Do you agree with this?

 

[swampwater]

No disagreement it's just like the executives (presidents) who complain about sending what they call a meager budget to congress only to complain when congress passes a reckless spending budget then they won't veto it or refuse to spend the funds because it is what they wanted to begin with. And I did forget the Senate, it does take three to tango as nothing passes without their approval. Swampy

I think you misunderstood the point here. It isn't who is doing the spending, it is that congress is authorizing the spending, then it seems they are complaining that the money gets spent.

Do you agree with this?

 

[ruffryder]

No disagreement it's just like the executives (presidents) who complain about sending what they call a meager budget to congress only to complain when congress passes a reckless spending budget then they won't veto it or refuse to spend the funds because it is what they wanted to begin with. And I did forget the Senate, it does take three to tango as nothing passes without their approval. Swampy

good and all, but isn't the senate already part of congress?

 

[ruffryder]

interesting article...

http://www.huffingtonpost.com/2011/07/18/debt-ceiling-us-moodys_n_901331.html

It seems moody's isn't concerned about that amount of debt, just the uncertainty that arises with a debt ceiling imposed on the government.

I still don't understand why there is a debt ceiling... why not just make a real budget? Seems like a bunch of political bs and posturing. Hasn't the ceiling been raised 70 some times already?

Thought for the day, if congress actually balanced the budget, in the short term, would the effects on the economy be good or bad?

 

[KMMAC]

Bad at first,,,,, Looks like we get one, maybe two more go arounds before other countries come in and clean house on our resources.. This whole debt ceiling thing is smoke.... Most of the politicians in this country are scandalized before they ever sign in the dotted line..Yes there is a huge debt but it is the feds who owe it not you and I.. Oh,, you could throw the 3% of wealth in that mix as well. With all of the shadow programs that have been setup to give money to big business through government loans.that never seem to get paid back what else can be said .. The high finance system in this country was set up for a few not all but by dangling a carrot in front of the rest of us to keep us motivated to try and be one them keeps there pockets full of money. So,,, all of this publicized stuff in the news just takes your attention away from the real issue.. Are you familiar with shariah law? Better be.....

 

[allied1]

Dow up 202 on hopes for debt-ceiling resolution

 

[diamonddave]

We have no had the 3 worst presidents in the history, in a row

They have to raise it, who are they kidding?

I'm not against borrowing in times of need many large successful businesses do it every day.

However, no business spends like this when revenues decline.

Aren't people smart enough to understand that tax breaks, tax cuts, corporate tax loop holes, reckless spending and 2 wars (that Bush cleverly left off the books) don't work in any way shape or form?


But.....What I find rather funny is the fact that Ostupid voted no for raising the debt limit as Senator Ostupid in 2006. Here's what he had to say,

March 20, 2006: “The fact
that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign
that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial
assistance from foreign countries to finance our Government's reckless fiscal policies. … Increasing
America's debt weakens us domestically and internationally. Leadership means that ‘the buck stops
here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and
grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”


http://rpc.senate.gov/public/_files/alternativestothedebtlimitincreasev20.pdf

So, since he's calling out Dumbwhack Bush for failure of leadership for raising the debt limit, what does he call his leadership???


Unbelievable...both sides acting like babies. We need people that can and no how to get $hit done. Not career politicians. When will this country wake up?