Posted on Oct 17, 2015
Republicans Want To Do WHAT With The Debt Ceiling?
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Ok RP,
I get that the debt ceiling is looming over all of us BUT since when is attempting to play with the verbiage a good idea?!? I'm furious that some Republicans are so against compromising with Democrats and the President on ANYTHING that they would rather spend time splitting hair about what the definition of "is" is (This doesn't apply, mind you, to all Republicans but if the jungle boot fits, wear it).
Do our "leaders" understand that this dumbass idea makes us look weaker than anything this administration has done OR that not paying what we own makes it harder to do EVERYTHING ELSE?!?
http://finance.yahoo.com/news/house-gop-hatches-harebrained-debt-220800616.html
I get that the debt ceiling is looming over all of us BUT since when is attempting to play with the verbiage a good idea?!? I'm furious that some Republicans are so against compromising with Democrats and the President on ANYTHING that they would rather spend time splitting hair about what the definition of "is" is (This doesn't apply, mind you, to all Republicans but if the jungle boot fits, wear it).
Do our "leaders" understand that this dumbass idea makes us look weaker than anything this administration has done OR that not paying what we own makes it harder to do EVERYTHING ELSE?!?
http://finance.yahoo.com/news/house-gop-hatches-harebrained-debt-220800616.html
Posted 9 y ago
Responses: 16
While this may not be a viable solution, simply raising the debt ceiling is like giving Motrin for Cancer....you're not treating the root cause of the problem though you may feel good for a while. The federal government needs to get its spending under control (to include issues within the DoD) and start making the hard decisions to get the federal debt ($18+ trillion) or we'll soon not even be able to service the debt.
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MCPO Roger Collins
Target acquired, fire for effect. I wonder how many people actually realize that 6% of our entire tax revenues are used for serving the debt today, around $250-300B per year. Around half of the entire DOD budget and that is at bargain basement interest rates. If our band rating drops and those rates go up we will really be in trouble.
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The GOP proposal may not be the best plan but it accomplishes one thing that needs to be done: It acknowledges that there must be an end to deficit spending and it would be far better that We the People choose how it ends rather than our creditors. I can see something of the sense in the plan. It appears to categorize creditors rather than lumping them into one. Corporations do much the same in distinguishing between common and preferred stock. Those who want greater returns take greater risks and buy common stock. Those who will take lower potential returns for lower risk buy preferred stock. Thus, those who loan money to the government for guaranteed returns should stand in line behind those who loaned money to the government without even knowing they were doing it (eg, Social Security beneficiaries). That seems fair, doesn't it?
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I'm sick and tired of these mind-numbing, useless tirades over how stupid THIS party is and how moronic THAT party is.
Let's leave the "R" and "D" and "Blue" and "Red" out of this... aren't they ALL THE SAME on the inside?
When WE THE PEOPLE finally realize that EVERY SINGLE PIECE of the Federal Government has gone off the rails, only THEN will we realize that radical change is the only answer. Unfortunately, (IMHO) too many mindless, ignorant so-called "citizens" are dependent on that corrupt government to see what's coming.
Look back at your history to every dominant civilization for the last 4000 years. Look at why they became weak and were finally conquered by "barbarians" (as compared to the "enlightened" culture of the dominant civilization).
Collapse is inevitable UNLESS we (the people) STOP letting these self-serving thieves and charlatans in the Federal government (yes, all parties and all branches) tell us how much THEY want to help us and how much the OTHER party wants to harm us.
Here's a couple of personal questions for EACH of us...
"When does compromise become capitulation? Where is the line between personal conviction and moral ambiguity?"
I would hope that you would answer these questions... then look at Washington, DC. Do you approve of what ANYONE there is doing?
So... can WE come together to hold off the collapse of this 236-year old experiment called the American Republic? Or will America end up as another chapter is the history book of failed civilizations?
Let's leave the "R" and "D" and "Blue" and "Red" out of this... aren't they ALL THE SAME on the inside?
When WE THE PEOPLE finally realize that EVERY SINGLE PIECE of the Federal Government has gone off the rails, only THEN will we realize that radical change is the only answer. Unfortunately, (IMHO) too many mindless, ignorant so-called "citizens" are dependent on that corrupt government to see what's coming.
Look back at your history to every dominant civilization for the last 4000 years. Look at why they became weak and were finally conquered by "barbarians" (as compared to the "enlightened" culture of the dominant civilization).
Collapse is inevitable UNLESS we (the people) STOP letting these self-serving thieves and charlatans in the Federal government (yes, all parties and all branches) tell us how much THEY want to help us and how much the OTHER party wants to harm us.
Here's a couple of personal questions for EACH of us...
"When does compromise become capitulation? Where is the line between personal conviction and moral ambiguity?"
I would hope that you would answer these questions... then look at Washington, DC. Do you approve of what ANYONE there is doing?
So... can WE come together to hold off the collapse of this 236-year old experiment called the American Republic? Or will America end up as another chapter is the history book of failed civilizations?
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SSG Michael Hartsfield
Now THAT I can get behind!
I would love to have US solve this issue not as Rs and Ds but as Americans, but that's not our reality and sadly, Republican's do things like this to remain low-hanging fruit for ridicule
I would love to have US solve this issue not as Rs and Ds but as Americans, but that's not our reality and sadly, Republican's do things like this to remain low-hanging fruit for ridicule
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MAJ Matthew Arnold
What I like about "The Hunger Games" is that it is a dramatic, exaggerated, satirical reflection of the very problems we are now having and where it will take us if we do not stop the trends and get back to government by the people. I hope I am not the only one who sees this and that the reflection is a well received alarm.
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PO2 Steven Erickson
SSG Michael Hartsfield - Again with the "Republicans"... THAT is why I hold such feeble hope for a way out of this. Too many people have sucked down too much Kool-Aid mixed by (insert party name here).
You know why we're stuck with "this" reality SSG Michael Hartsfield? Because people think that one group of narcissists cares more for the little guy than the other group of narcissists.
Do you really believe that ANYONE in that cesspool gives a damn about any of us? There are ga-zillions of examples of both parties sacrificing American Ideals and "government BY the people" for the Party's Agenda.
I truly believe that 77% of them would sell their parents for medical experiments if they believed it would allow them to stay in power.
And if you still believe that one party has a monopoly on stupid, I have some magnificent year-round warm-water beach-front property in North Dakota available for a great price...
You know why we're stuck with "this" reality SSG Michael Hartsfield? Because people think that one group of narcissists cares more for the little guy than the other group of narcissists.
Do you really believe that ANYONE in that cesspool gives a damn about any of us? There are ga-zillions of examples of both parties sacrificing American Ideals and "government BY the people" for the Party's Agenda.
I truly believe that 77% of them would sell their parents for medical experiments if they believed it would allow them to stay in power.
And if you still believe that one party has a monopoly on stupid, I have some magnificent year-round warm-water beach-front property in North Dakota available for a great price...
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I see the banter about terminology, so let's be clear. "Default" means not paying principal and interest on the national debt. Only that. Not doing this is actually un-Constitutional.
The remainder are funds currently obligated by law. Entitlements are cyclical and recurring, so that money including Social Security, Medicare, and Veteran's payments (among others) must be paid unless those laws are changed.
The rest of the budget (discretionary spending) must be passed into law annually. Thus far, there is a continuing resolution through December, so unless Congress either raises the debt ceiling or passes a new budget to replace the CR, someone in the Treasury Department will have to choose which discretionary funds go out and which do not. If all this happens - which is complete jackassery - much blame will be cast about. Knowing this administration, they will attempt to not pay out things that will rile the most people, and say it is Congress' fault. Knowing Congress, they will say that it is the President's fault for not signing legislation they pass. This only partially true, since the only appropriations bill that has passed is the Defense Appropriations Bill, but undoubtedly military paycheck will be one of the pawns on the chessboard.
What Congress should do is use the next two months to pass a short-term debt ceiling increase and pass the 14 major appropriations bills SEPERATELY through normal order, with every penny scrutinized and justified through the committee process. The Democrats will not like this and try and obstruct, but the majority can force the issue in the House, where all budget bills must originate. After the bills are passed, the President can veto some or all if he chooses, but he will own that decision.
The remainder are funds currently obligated by law. Entitlements are cyclical and recurring, so that money including Social Security, Medicare, and Veteran's payments (among others) must be paid unless those laws are changed.
The rest of the budget (discretionary spending) must be passed into law annually. Thus far, there is a continuing resolution through December, so unless Congress either raises the debt ceiling or passes a new budget to replace the CR, someone in the Treasury Department will have to choose which discretionary funds go out and which do not. If all this happens - which is complete jackassery - much blame will be cast about. Knowing this administration, they will attempt to not pay out things that will rile the most people, and say it is Congress' fault. Knowing Congress, they will say that it is the President's fault for not signing legislation they pass. This only partially true, since the only appropriations bill that has passed is the Defense Appropriations Bill, but undoubtedly military paycheck will be one of the pawns on the chessboard.
What Congress should do is use the next two months to pass a short-term debt ceiling increase and pass the 14 major appropriations bills SEPERATELY through normal order, with every penny scrutinized and justified through the committee process. The Democrats will not like this and try and obstruct, but the majority can force the issue in the House, where all budget bills must originate. After the bills are passed, the President can veto some or all if he chooses, but he will own that decision.
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SSG Michael Hartsfield I am not sure what other stumbling blocks to compromise exist besides the (1) President's opposition to the war funding portion which is separate from the DoD funding in the 2016 NDAA; and (2) the President's and democratic congressional unwavering support for federal funding for Planned Parenthood.
If funding for Planned Parenthood were left to stand on its own it would never get enough votes to pass. The President and the democratic congress people know that.
A recent proposal to spend $1B for syrian refugees should be a non-started.
The basic premise for reducing the debt is to spend less than the government received through tax revenue. Shrinking government obligations is the best way to reduce the debt - back off from the ceiling versus requesting raising it again. Since going after entitlements is generally a non-starter [yet there will be no COLA increase for the primary entitlements social security, VA disability and Military retirees], reducing the size of government by incrementally reducing the size and function of the government to what is inherently governmental functions [constitutional authority is agoo baseline]. This requires wisdom.
If funding for Planned Parenthood were left to stand on its own it would never get enough votes to pass. The President and the democratic congress people know that.
A recent proposal to spend $1B for syrian refugees should be a non-started.
The basic premise for reducing the debt is to spend less than the government received through tax revenue. Shrinking government obligations is the best way to reduce the debt - back off from the ceiling versus requesting raising it again. Since going after entitlements is generally a non-starter [yet there will be no COLA increase for the primary entitlements social security, VA disability and Military retirees], reducing the size of government by incrementally reducing the size and function of the government to what is inherently governmental functions [constitutional authority is agoo baseline]. This requires wisdom.
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LTC (Join to see)
CPT Jack Durish - So which is it? PP costs too many taxpayer dollars, or PP donates too much money? Sorry, PP is a non-profit, it spends what is donated to it.
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LTC Stephen F.
CPT Jack Durish - Ref "I think that we left "pork" well in the dust long ago."
I concur with you that entitlement reform is the most important issue for Congress to deal with. However, that will require a major scandal or the high potential of the US government to default before Congress gets serious about dealing with.
At one time Congressional Pork was probably focused on one Congressional district in the House and its neighboring districts or one State and potentially neighboring states reward constituents, businesses, and sometimes National Guard units and infrastructure which crossed state borders.
With the appropriation process "improvements" in the 21st century Pork has morphed in a similar way as the food spam to what it now mean in terms of software use an misuse. :-)
I concur with you that entitlement reform is the most important issue for Congress to deal with. However, that will require a major scandal or the high potential of the US government to default before Congress gets serious about dealing with.
At one time Congressional Pork was probably focused on one Congressional district in the House and its neighboring districts or one State and potentially neighboring states reward constituents, businesses, and sometimes National Guard units and infrastructure which crossed state borders.
With the appropriation process "improvements" in the 21st century Pork has morphed in a similar way as the food spam to what it now mean in terms of software use an misuse. :-)
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CPT Jack Durish
LTC (Join to see) - Don't fret overmuch about it, Major. I don't really expect a response to the substance of my comment. I understand that ideologues simply don't see what they don't want to see.
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CPT Jack Durish
LTC Stephen F. - What is of greatest concern is that states like California receive more from the federal government than they do from taxes imposed on their own citizens. Now who do you think Sacramento really serves? Of course, those with the deepest pockets.
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Well the President and liberals are demagoguing and does not care what the Republicans do, he just does the Executive Action. Now, as far as that is concerned, DO YOU WANT TO BE PAID. Your guy, the President was out there going to Veto the Budget if Gauntanamo was not closed. The kicker is this,, HE THREATENED NOT TO PAY THE MILITARY if this didn't. Oh, he it was the DEMOCRATS who passed HCR in the middle of the night which screwed over so many people who signed for that MISTAKE. Premiums are out control.
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LTC (Join to see)
Executive action is nothing new. Reagan and Bush 41 used executive action to stop deportations of far more people than Obama did, only the extremist Tea Party types like to forget that inconvenient fact.
Saint Reagan was a moderate who would be run out of today's GOP.
Saint Reagan was a moderate who would be run out of today's GOP.
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SSgt (Join to see)
Oh stop already! THEY did NOT pass as many or conflict with the constitution. LTC (Join to see)
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LTC (Join to see)
You are ignoring the facts then. Reagan's amnesty excluded spouses and children of those legalized and Reagan, unable to get help in the Democratically controlled congress, added them through executive action.
Adult children (those 21 or older) of newly legalized immigrants were still out-of-luck with an often 20 year wait for legal status. Bush 41 used executive order, again to bypass a recalcitrant Democratic congress to defer their deportation and give them work authorization while their visa petitions waited in the very long queue to mature.
By the way, I am something of an expert in the area of immigration. I was a senior special agent for the Immigration and Naturalization Serice (INS) and after reorganization in 2002 with Immigration and Customs Enforcement (ICE). I served in that capacity for ten years before becoming an Immigration Attorney, which I have now been doing for ten years as well.
Immigration executive orders actually go all the way back to FDR and have been used frequently by both Democratic and Republican presidents. The only difference is when Obama did it the Tea Party right-wing extremists had already hijacked the GOP and on the once Republican issue of immigration reform the Southern racist fringe has shouted loudest in the party.
Sorry SSG, you are simply wrong.
Adult children (those 21 or older) of newly legalized immigrants were still out-of-luck with an often 20 year wait for legal status. Bush 41 used executive order, again to bypass a recalcitrant Democratic congress to defer their deportation and give them work authorization while their visa petitions waited in the very long queue to mature.
By the way, I am something of an expert in the area of immigration. I was a senior special agent for the Immigration and Naturalization Serice (INS) and after reorganization in 2002 with Immigration and Customs Enforcement (ICE). I served in that capacity for ten years before becoming an Immigration Attorney, which I have now been doing for ten years as well.
Immigration executive orders actually go all the way back to FDR and have been used frequently by both Democratic and Republican presidents. The only difference is when Obama did it the Tea Party right-wing extremists had already hijacked the GOP and on the once Republican issue of immigration reform the Southern racist fringe has shouted loudest in the party.
Sorry SSG, you are simply wrong.
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MAJ Matthew Arnold
Regardless of who, or which party, controls the congress, and occupies the white house, wiggling around the constitution, doing it over and over again, does not make it right, and is not a valid argument for doing it again.
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This article is totally political in nature. First of all, every time Congress raises the debt ceiling, not only do they "compromise" with the President, they in fact are agreeing with the President. It is important to know that Congress has raised the debt ceiling EVERY TIME, and then "budgeted" by "Continuing Resolution ", instead of by passing an annual budget as required by the Constitution.
When the article suggests the only alternative to raising the ceiling is default, it is simply wrong. The other other option is to cut irresponsible spending... Why is there never a call to Compromise in this direction? I would also add that wildly increasing our deficit spending, and thus our $18 Trillion (and growing) national debt does not inspire confidence in bond holders either. Regards
When the article suggests the only alternative to raising the ceiling is default, it is simply wrong. The other other option is to cut irresponsible spending... Why is there never a call to Compromise in this direction? I would also add that wildly increasing our deficit spending, and thus our $18 Trillion (and growing) national debt does not inspire confidence in bond holders either. Regards
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COL (Join to see)
You bring up a very good point. There is enough revenue to service our debt and not default. But when combined with other mandatory and discretionary spending there is not. For the normal family, that would mean paying your mortgage and not eating out, going on vacation and the like. But for the federal government, no one wants to make the hard decisions on spending as to members of Congress not "offend" their pet constituency. There are only a handful of fiscally conservative members of Congress and they are reviled by both the Democrats, the establishment Republicans, and of course the media.
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Is there a compromise that will raise the debit ceiling now, because it may necessary, but puts controls into effect to bring the debit down to a reasonable amount in a reasonable time. I can support such a compromise.
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