- Sep 21, 2010
- Reaction score
- Political Leaning
Reagan had an opposition party that was mostly made of reasonable people.
This is not currently the case.
I agree, and I put Obamas quote from 2006 into the article. "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure ... I therefore intend to oppose the effort to increase America’s debt limit.” ~ Senator Obama
Raising the debt ceiling is unpopular nationally. The survey I saw said 61% of the public oppose it. It is hard to get elected to the Presidency with a campaign slogan of a majority of you are wrong.
I think we are getting to the upper range on where we can lift it. Today interest rates are near zero. As they normalize, interest costs will explode. Interest is different from all other expenditure in that it is not subject to voter approval. If you don't like the ACA, vote in a new batch of Congressmen and it is gone. With interest you can change all 535 people in Congress, and they aren't able to do anything about it. Today interest is $420 billion or so. That is on revenue of $1.7 trillion.
People are largely pissed today because Washington takes so much and delivers so little. Imagine what will happen when we actually have to pay cash.
The democrats gave the repubs over six months to negotiate the budget and they refused.What choice did the democrats give the republicans? Either give the democrats everything they want, or shut down the government? By any standard that's extortion, not a negotiation.
Everything in the budget that makes necessary to raise the debt ceiling, otherwise there's no point in having a debt ceiling.
The democrats gave the repubs over six months to negotiate the budget and they refused.
May 13, 2013
"...It’s been more than two months since the Senate passed a budget. McCain said a “minority of the minority” was obstructing progress on the budget. He said he was “worried about the precedent this sets” because perhaps the House and Senate will never go to conference ever again....<snip>.....
McCain warns GOP: Budget conference obstruction will lead to rule changes - The Hill's Floor Action
June 4, 2013
"....Sen. John McCain is still angry that fellow Republicans are blocking a House-Senate conference on the budget, but he said Tuesday that he’s done with the “fruitless” floor debates.....<snip>....
According to the Senate Budget Committee, Tuesday marked the 12th time since April 23 that a Republican senator had blocked a request to go to conference. And it was not long ago, she noted, that Republicans were the ones chastising Democrats for not passing a budget....."
Read more: John McCain tired of ?fruitless? budget fight - POLITICO.com
July 1, 2013
"....Just a few months ago, Republicans were eager to go to conference, but once they got what they wished for, Republican leadership ran as fast as they could in the other direction. Over the past 100 days, Republican leadership has followed a Tea Party-backed strategy of obstruction, and has offered up excuse after excuse for blocking conference and ignoring regular order.
Democrats aren’t the only ones calling for regular order—many Senate Republicans have tired of their leadership’s delaying tactics.
With a bit more than a month left before August recess, will Senate Republicans stop blocking a bipartisan budget conference and allow the House and Senate to begin bipartisan negotiations—or will they continue to block negotiations until they can manufacture a crisis?
Press Releases & Statements - Press Room - Senate Budget Committee
Republicans Spent Year Blocking Budget Conference (VIDEO)
McCain, Collins Mock GOP Blockade on Budget Conference | The World's Greatest Deliberative Body
Republicans had over six months to negotiate a budget but refused because they didn't want to raise the debt ceiling. But if the house republicans didn't want to raise the debt ceiling then they shouldn't have voted overwhelmingly for appropiation bills that put the budget over the debt ceiling. Thats like running up the credit card and then refusing to pay the bill. Thats not very fiscally responsible, is it?
Oh I remember Senator Obama's quote and the fact he used the term "It was UNPATRIOTIC to raise the debt ceiling." So if one was playing the political shenanigan games they play in Washington D.C. it does seem Senator Obama is accusing President Obama as being unpatriotic.
I have pointed what you are talking about several times on this site. Sure the interest is around 420 billion a year at about 2% interest. But what happens when interest rates finally return to normal, around 6% which has been the norm for decades, on 20 trillion that is 1.2 trillion just to pay the interest. Let's hope we do not see the rise in interest rates that occured under Carter, then we would be paying over 2 trillion dollars in interest leaving very little money for anything else.
We have dug ourselves a hole in which we as a nation can't climb out of. I am sure almost all politicians in Washington know this and know at some point in the future the U.S. will crash. But that is in the future, 5 years from now, maybe ten if we are lucky. SS and all these programs will mean nothing when it takes a month's SS check just to buy a loaf of bread and some eggs. But every single politician in Washington is looking just to the next election or at their approval polls totally disregarding America's future.
Democrats have a long history of coming up with names like "Affordable Care Act".
I hope that isn't right. There is no
way that the Democrats will concede it. I can see holding it up in exchange for pork, but if it is a battle for the ACA, we might as well draw-up secession papers. The government will not be able to function if that is the dividing line.
Except that ignores the fact that already changed te ACA with out congressional approval.Yeah, man. The Republicans have to surrender and accept that the law passed by congress and signed by the president, full of provisions supported by the majority of Americans absolutely support, and deemed constitutional by the supreme court, is going to stick. They do not get to throw a temper tantrum and demand concessions that violate the entire judicial process and damage the country to this extent in order to get it. That is just plain bad governing.
Do you think it would've mattered? If the democrats won't compromise now, why do you think would they have compromised in the previous 6 months?
Here is the piece I wrote on PolicyMic about it. I don't think we get 5 years as we are. There will have to be some adjustments.
U.S. Debt Ceiling Clock Almost at Midnight, Here's One Proposal That Could Save Us