Why are people making a deal about the debt ceiling increase?
Nate Send a noteboard - 09/08/2011 03:42:13 PM
I'm honestly curious about that. From what I understand, the debt ceiling has been increased something like 100 times in the last 60 years. It's absolutely routine. Bush Jr's administration for example raised the debt limit by several trillion dollars. Clinton raised the limit, Bush Sr raised it, Reagan raised it, and on and on. The issue is more the ability to meet the interest payments, no?
And yes, taking on less debt is an integral first step in wrangling with the payments, but as you say, clearly the ceiling had to be raised again at this juncture. But given how commonplace such a procedure has been, why is that in itself such a talking point?
And yes, taking on less debt is an integral first step in wrangling with the payments, but as you say, clearly the ceiling had to be raised again at this juncture. But given how commonplace such a procedure has been, why is that in itself such a talking point?
Warder to starry_nite
Chapterfish — Nate's Writing Blog
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Chapterfish — Nate's Writing Blog
http://chapterfish.wordpress.com
US Credit Rate Downgraded - Obama should resign.....
- 06/08/2011 04:12:48 AM
1331 Views
you, it was the tea party republicans that caused this
- 06/08/2011 05:57:16 AM
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- 06/08/2011 04:12:48 AM
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Que tonterías.
- 06/08/2011 04:23:49 AM
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Really?
- 06/08/2011 05:05:48 AM
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Leaders have to lead.....
- 06/08/2011 05:18:21 AM
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Cuts aren't up to him, though.
- 06/08/2011 05:37:50 AM
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Yeah, sure, the President has no say or control.....good grief.....
*NM*
- 06/08/2011 06:13:49 AM
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*NM*
- 06/08/2011 06:13:49 AM
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S&P didn't demand cuts, they demanded fiscal responsibility.
- 06/08/2011 03:18:10 PM
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and haters gotta hate..... *NM*
- 06/08/2011 05:49:25 AM
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I admit it, I hate what Obama is doing to our country..... *NM*
- 06/08/2011 06:12:39 AM
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you, it was the tea party republicans that caused this
- 06/08/2011 05:57:16 AM
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As ever your disinterest in facts seems to be central to your posting.
- 06/08/2011 11:34:20 AM
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Which would be less annoying if so much of Congress didn't suffer from the same delusions.
- 06/08/2011 03:48:04 PM
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Does Timmy G play sax like his brother Kenny? *NM*
- 06/08/2011 01:11:17 PM
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Fun fact - I dated in HS Kenny G's niece.....
- 06/08/2011 03:13:52 PM
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S&P specifically cited GOP refusal to raise taxes among their reasons.
- 06/08/2011 03:10:22 PM
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Of course one could just read the actual S&P report
- 06/08/2011 04:01:07 PM
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Sure.
- 06/08/2011 04:53:47 PM
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Right, ABC new's summary of the report is not the report
- 06/08/2011 07:02:46 PM
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Link works, but I'm not sure why you think it refutes snoops assessment or mine.
- 06/08/2011 08:35:10 PM
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It doesn't refute it, it just isn't this simple distillation you're offering
- 06/08/2011 09:23:33 PM
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It's more than half a sentence; I quoted several paragraphs.
- 06/08/2011 09:56:31 PM
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Well yes, after I gave you the report, I think I'm pretty obviously refering to before that 
- 06/08/2011 11:02:17 PM
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- 06/08/2011 11:02:17 PM
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Before that I was referring to the paragraphs quoted in the ABC report.
- 07/08/2011 01:21:18 AM
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not really
- 06/08/2011 10:15:32 PM
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"the mix of spending and revenue measures"
- 06/08/2011 10:23:06 PM
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So you read the statement that they take no posistion as they take the dem position?
- 07/08/2011 04:51:58 AM
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I read a "mix" to be a mix.
- 09/08/2011 12:14:35 AM
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So in other words you just ignore the actaull words and read it say what you want it to say *NM*
- 09/08/2011 02:07:57 PM
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A mix of something and nothing is impossible; one thing is one thing, not a mix.
- 09/08/2011 04:56:00 PM
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US politicians are too busy fighting over who gets to play the fiddle. *NM*
- 06/08/2011 05:53:32 PM
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You are either really naive or just stupid. Which is it? *NM*
would him resigning really help?
- 07/08/2011 10:24:00 AM
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not as long as he has the high functioning moron Joe Biden as VP.
- 08/08/2011 12:34:32 AM
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In reality, its Congress (BOTH parties) AND the President who are to blame.
- 08/08/2011 01:59:13 AM
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40% is not a small tax increase and a small spending cut
- 09/08/2011 04:20:28 AM
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Why are people making a deal about the debt ceiling increase?
- 09/08/2011 03:42:13 PM
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Because, when you get down to it, the debt ceilings very existence was always a political threat.
- 09/08/2011 05:02:12 PM
718 Views