Republicans and the debt ceiling

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
The government brings in 4 trillion plus per year. Interest on the debt is only 600 billion. Why do democrats say they will stiff bond holders unless they lend them more money?

Are they saying bond holders are the last priority?

Cutting government spending is the only way to fix the foundation of the economy at this point. Prosperity from money printing has caught up with the can and there’s no more road.

The U.S. has incurred obligations to more people than just the bondholders, genius.

Why don’t they default on those ones?

Bond holders are last…. Cool. So buying treasuries is stupid.

Yep .. the government is admitting it’s a Ponzi scheme and you either won’t get paid back or will get paid back with practically worthless paper compared to what you invested

[Anonymous]

I thought I couldn’t be surprised anymore but the stupidity on display by the republicans in Congress is startling! Almost like they have no idea how anything works.

I am not totally panicking yet, but are they really going to tank things … out of ignorance?

[Anonymous]

Anonymous wrote:
The government brings in 4 trillion plus per year. Interest on the debt is only 600 billion. Why do democrats say they will stiff bond holders unless they lend them more money?

Are they saying bond holders are the last priority?

Cutting government spending is the only way to fix the foundation of the economy at this point. Prosperity from money printing has caught up with the can and there’s no more road.

This was all caused by republicans tax cuts. All the republicans have to do is admit they failed and roll back the tax cut. Now the debt ceiling is not about future spending it is about what has already been spent. So time to increase taxes specially in the red states.

[Anonymous]

Anonymous wrote:I thought I couldn’t be surprised anymore but the stupidity on display by the republicans in Congress is startling! Almost like they have no idea how anything works.

I am not totally panicking yet, but are they really going to tank things … out of ignorance?

It’s not ignorance, it’s malice.

[Anonymous]

Anonymous wrote:
The government brings in 4 trillion plus per year. Interest on the debt is only 600 billion. Why do democrats say they will stiff bond holders unless they lend them more money?

Are they saying bond holders are the last priority?

Cutting government spending is the only way to fix the foundation of the economy at this point. Prosperity from money printing has caught up with the can and there’s no more road.

Discretionary spending is such a small part of the budget - cutting any of it won't make a difference. It is the GOP tax cuts that were totally unfunded that blew up our debt and deficit spending. Undo the tax cuts and have particularly the 1% pay their proportionate share of taxes and most of the problem would be solved.

The fact is, GOP presidents tank the economy and blow our debt all while claiming fiscal restraint. it is one of the most effective gaslighting tactics of the past 40 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They passed a budget in the lame duck session without buyin from Republicans, and now they complain Republicans won't support the budget that was passed.

And Republicans did that multiple times before. In fact there has only been one President in our lifetime that balanced a budget, Clinton. Everyone else is responsible for this debt.

Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single‐​minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

Ah yes, and then immediately pissed all the savings away the moment GW Bush Administration needed some tax cuts. Remember what Vice President Cheney said, "Deficits don't matter." Or rather, they don't matter unless there's a Democrat in the White House.

I was a much younger man then. I had been a Republican but Gingrich and the House Republicans' impeachment antics really pissed me off. I was not yet comfortable calling myself a Democrat and thought of myself as a libertarian. Prior to the 2000 election, I was part of a pretty active email discussion group where I was particularly aggravated by the idea of cutting taxes rather than using the surplus to pay off debt. My Republican friends started parroting the idea that we needed to to cut taxes because we might *pay the debt off too quickly!*

Damned if Dubya & Co. didn't get that tax cut passed and send that debt roaring again. I don't think I've taken a "fiscal conservative" seriously since then.

You will take it seriously when a loaf of bread costs $40 and we start to look like Venezuela with people chasing dogs as food. If you think the U.S. is immune to the laws of economics and mathematics, you are sadly mistaken.

Funny how you weren't screeching about "Venezuela" when Trump was adding trillions to the debt with irresponsible tax cuts that did nothing but make the richest even richer while placing more burden on the rest of us.

I'm a DP but I agree with the PP that this, and your response, are why nobody takes conservatives seriously on fiscal issues anymore.

To be fair, they aren't "conservatives" either - actual conservatives would never do this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
The government brings in 4 trillion plus per year. Interest on the debt is only 600 billion. Why do democrats say they will stiff bond holders unless they lend them more money?

Are they saying bond holders are the last priority?

Cutting government spending is the only way to fix the foundation of the economy at this point. Prosperity from money printing has caught up with the can and there’s no more road.

The U.S. has incurred obligations to more people than just the bondholders, genius.

Why don’t they default on those ones?

Bond holders are last…. Cool. So buying treasuries is stupid.

Yep .. the government is admitting it’s a Ponzi scheme and you either won’t get paid back or will get paid back with practically worthless paper compared to what you invested

It's not a Ponzi scheme unless you regard the nation's GDP as illusory.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is literally nothing the GOP does that "saves taxpayers money"

Not a single thing.

This will save tax payers money. By not upping the credit limit you cannot spend anymore money.

No, it will not save money, it will cause interest rates to spike making EVERYTHING more expensive. It will also put millions of out work.

[Anonymous]

Anonymous wrote:I thought I couldn’t be surprised anymore but the stupidity on display by the republicans in Congress is startling! Almost like they have no idea how anything works.

I am not totally panicking yet, but are they really going to tank things … out of ignorance?

I'd say more malice than ignorance. But, in fairness, it could be both.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

4 trillion in current tax revenues is sufficient. Debt service is only 600 billion, easily paid for. Figure out how to balance the budget without destroying the currency.

[Anonymous]

What do republicans want? Notice they’re not talking about it because they know how deeply unpopular it all is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

4 trillion in current tax revenues is sufficient. Debt service is only 600 billion, easily paid for. Figure out how to balance the budget without destroying the currency.

DoD + Va is 1 trillion, Social Security is $800 million, Medicare is $1.7, add in the debt service and you're at $4 trillion without any other spending.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

4 trillion in current tax revenues is sufficient. Debt service is only 600 billion, easily paid for. Figure out how to balance the budget without destroying the currency.

DoD + Va is 1 trillion, Social Security is $800 million, Medicare is $1.7, add in the debt service and you're at $4 trillion without any other spending.

DoD is ripe for cuts