Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.

Why are they talking about default? This is just a lie. The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.

What in the world are you talking about? If necessary spending + debt service exceeds revenues, the government needs to take on more debt to meet all of its obligations. If you can’t take on more debt, then you have to cut some of your payments. What happens if the US had to choose between issuing social security payments to seniors or making debt payments?

You pay the debt and hold back the Social Security. When Clinton was President, this is what he talked about as the consequence of not passing a debt ceiling increase.
This was also a lie, as it could be managed, but it made more sense than talking about default.
This is why Democrats pass the debt ceiling increase under a Republican President. They are the party of government, and the President can make it somewhat painless with the choices made if they want to. They can have the hits go to Democratic constituencies like government workers.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.

Why are they talking about default? This is just a lie. The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.

What in the world are you talking about? If necessary spending + debt service exceeds revenues, the government needs to take on more debt to meet all of its obligations. If you can’t take on more debt, then you have to cut some of your payments. What happens if the US had to choose between issuing social security payments to seniors or making debt payments?

You pay the debt and hold back the Social Security. When Clinton was President, this is what he talked about as the consequence of not passing a debt ceiling increase.
This was also a lie, as it could be managed, but it made more sense than talking about default.
This is why Democrats pass the debt ceiling increase under a Republican President. They are the party of government, and the President can make it somewhat painless with the choices made if they want to. They can have the hits go to Democratic constituencies like government workers.

This is kind of sociopathic. Do you realize how many Americans wholly rely on social security to survive?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Republicans are the cause of our debt problems.

What a goofy chart, comparing last year of previous presidents only. Compare Obama to Bush debt.

There are bars for each year, dear.

You and everyone else knows that the congress proposes budgets and works with the president on enacting them, so don't act like democrats are as pure as the driven snow. Covid threw a monkey wrench in everything. We got close to 6 trillion in spending up from a normal of 3.5 the minute covid hit. That's over and it's going to bogart the numbers. There's nothing that's been cut by the WH. In fact, true to form, Joe says we have to spend more to keep from going broke. I've never seen him serious about spending cuts.

You wanna jack up taxes? Look for serious outflows from the U.S. in this global economy.

Now do that chart up there year by year for congress. Maddow or Benet or whoever put it together are clowns.

How do you explain the pre-COVID rise in Trump debt?

Because Trump didn't care about the debt, even said that McConnell told him the deficit doesn't matter.

Anonymous wrote:

Anonymous wrote:They approved the budget! This is not the place for negotiation. The GOP are so stupid. It wouldn’t be such a hypocritical move if they pulled this crap when a Republican was in office. The GOP are just nakedly political and also stupid when they decide to care about debt only when the Dems are in the WH. This is a circus act!

They did not approve the budget. The previous Congress voted for it in December.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.

Why are they talking about default? This is just a lie. The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.

What in the world are you talking about? If necessary spending + debt service exceeds revenues, the government needs to take on more debt to meet all of its obligations. If you can’t take on more debt, then you have to cut some of your payments. What happens if the US had to choose between issuing social security payments to seniors or making debt payments?

You pay the debt and hold back the Social Security. When Clinton was President, this is what he talked about as the consequence of not passing a debt ceiling increase.
This was also a lie, as it could be managed, but it made more sense than talking about default.
This is why Democrats pass the debt ceiling increase under a Republican President. They are the party of government, and the President can make it somewhat painless with the choices made if they want to. They can have the hits go to Democratic constituencies like government workers.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.

Why are they talking about default? This is just a lie. The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.

What in the world are you talking about? If necessary spending + debt service exceeds revenues, the government needs to take on more debt to meet all of its obligations. If you can’t take on more debt, then you have to cut some of your payments. What happens if the US had to choose between issuing social security payments to seniors or making debt payments?

Anonymous wrote:Wonder what the democrats will demand for their votes?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They approved the budget! This is not the place for negotiation. The GOP are so stupid. It wouldn’t be such a hypocritical move if they pulled this crap when a Republican was in office. The GOP are just nakedly political and also stupid when they decide to care about debt only when the Dems are in the WH. This is a circus act!

They did not approve the budget. The previous Congress voted for it in December.

Last Congress was supposed to have passed the FY 2023 budget, because FY 2023 that started on 10/1/2022. The FY in question is now almost 1/3 over. In June, when default is projected, it will be 70% over. That’s a bit late to decide you don’t like the budget that’s kept the government running for the the last 9 months.

Anonymous wrote:

Anonymous wrote:They approved the budget! This is not the place for negotiation. The GOP are so stupid. It wouldn’t be such a hypocritical move if they pulled this crap when a Republican was in office. The GOP are just nakedly political and also stupid when they decide to care about debt only when the Dems are in the WH. This is a circus act!

They did not approve the budget. The previous Congress voted for it in December.