Democrats push to eliminate the debt ceiling, allow unlimited government borrowing

[jpn]

Interesting how that so called deficit ...

Nothing says “We are serious about our demands” like “Kevin is rushing to determine what our demands are, and he is almost done!”

 

[Conservative]

Nothing says “We are serious about our demands” like “Kevin is rushing to determine what our demands are, and he is almost done!”

What is more interesting is how uneducated the left is on the role of the federal, state and local governments and where states get their revenue. Any idea how higher federal taxes affect state and local government revenue?

 

[Tbird19482]

What is more interesting is how uneducated the left is on the role of the federal, state and local governments and where states get their revenue. Any idea how higher federal taxes affect state and local government revenue?

and this comes from somebody that lives in TX , a state that gets something like 19 Billion dollars more back from the Federal government then it pays in, if states like his would take over welfare and programs for the poor and not take Federal money those states would not only cut safety net programs for the poor but will have to raise their state taxes an states like NY would be able to keep the 19 Billion dollars they send into the Fed. more then they get back ,and they could fund their programs for the lower income/poor people and be able to cut their state taxes ( 19 Billion is a lot and could go along ways )
and you can bet it would go back like it was in the 1950's where there was very little safety net programs for the poor and they would be sending their poor to the blue states to live so they can get welfare, as I said they did it years ago and I can see them doing it again
Have a nice day

 

[jpn]

Democrats are saying: “If your demands are so important that you would literally blow this whole place if they aren’t met, shouldn’t you at least know what the demands are? How can it be that you are still in the process of nailing them down?” And “Wasn’t a better time to do this when we were deciding how much money to spend on things? Isn’t this whole thing backward?”

To which Republicans say: “No!”

It's like a union first stopping work and walking out, then holding a meeting to decide what their demands are.

 

[jpn]

Hilariously, one of the few bills the Republican House has managed to pass this year would actually increase the deficit.

They propose to repeal extra funding for the IRS, which is projected to bring in hundreds of billions of dollars from tax cheats.

 

[jaeger19]

Your generation? What makes you think I am not part of your generation and what does that have to do with the role of the federal, state, and local governments?

Because my friend I am decades from getting social security or Medicare.
Your generation is directly responsible for this debt..and you " enjoyed your low taxes".. so you never paid for all that spending. And now you plan to pass it on to my generation and my kids.

 

[Conservative]

Because my friend I am decades from getting social security or Medicare.
Your generation is directly responsible for this debt..and you " enjoyed your low taxes".. so you never paid for all that spending. And now you plan to pass it on to my generation and my kids.

Then my friend you have plenty of time to go back and get an education on what has happened to your SS and how it was spent by the Govt and never repaid. The Blame for the deficit is squarely on the shoulders of liberals like you

 

[Conservative]

Because my friend I am decades from getting social security or Medicare.
Your generation is directly responsible for this debt..and you " enjoyed your low taxes".. so you never paid for all that spending. And now you plan to pass it on to my generation and my kids.

Oh, by the way since you are good at placing blame, how about taking some by not supporting efforts to stop the deficits by stopping the Democrats from eliminating the debt ceiling and supporting the Trump 2020 budget

 

[jaeger19]

Then my friend you have plenty of time to go back and get an education on what has happened to your SS and how it was spent by the Govt and never repaid. The Blame for the deficit is squarely on the shoulders of liberals like you

I do understand.
Frankly my social security isn't the real problem..because for the most part your generation generated a surplus that is now helping pay your social security.

The real debt is all the other spending you did..and then didn't pay for with taxes.
The blame for that deficit falls SQUARELY on your shoulders. .my generation us nowhere the voting block.. yours is..
And my children,s generation..the leading edge is just starting to vote.

So YOU ARE TO BLAME... you just don't want to take responsibility..

 

[jaeger19]

Oh, by the way since you are good at placing blame, how about taking some by not supporting efforts to stop the deficits by stopping the Democrats from eliminating the debt ceiling and supporting the Trump 2020 budget

The Trump budgets ran deficits. In fact increased the deficits and he suspended the debt limit to spend more .then raised .

Failing to raise tgecdebt ceiling is literally financially irresponsible..
Failure to raise it literally will cause the deficit to get larger..and the debt to get bugger.
It's financial suicide for the US.

Only those ignorant of economics don't understand that.

 

[Conservative]

I do understand.
Frankly my social security isn't the real problem..because for the most part your generation generated a surplus that is now helping pay your social security.

The real debt is all the other spending you did..and then didn't pay for with taxes.
The blame for that deficit falls SQUARELY on your shoulders. .my generation us nowhere the voting block.. yours is..
And my children,s generation..the leading edge is just starting to vote.

So YOU ARE TO BLAME... you just don't want to take responsibility..

No, I apparently don't and bow to the wisdom of a much younger generation!Why don't you Do something about the spending since the younger generation blames the older generation.This is your opportunity is a stop spending money and bail us out

 

[Conservative]

The Trump budgets ran deficits. In fact increased the deficits and he suspended the debt limit to spend more .then raised.

No the Trump budgets didn't run deficits, rising interest rates as well as SS and Medicare cost of living caused those deficits, You never post data supporting yoru claims

Failing to raise tgecdebt ceiling is literally financially irresponsible..
Failure to raise it literally will cause the deficit to get larger..and the debt to get bugger.
It's financial suicide for the US.

Only those ignorant of economics don't understand that.

Since you blame "my" generation for causing the deficits what is YOUR generation going to do about it, accellerate them?

 

[ClaraD]

Then my friend you have plenty of time to go back and get an education on what has happened to your SS and how it was spent by the Govt and never repaid. The Blame for the deficit is squarely on the shoulders of liberals like you

you mean the education that you never got and is unaffordable to get now?

 

[Conservative]

you mean the education that you never got and is unaffordable to get now?

Right, growing up my parents taught me that it was someone else's responsibility to pay for my advanced education, couldn't find that person so did it myself with their help

 

[jaeger19]

No, I apparently don't and bow to the wisdom of a much younger generation!Why don't you Do something about the spending since the younger generation blames the older generation.This is your opportunity is a stop spending money and bail us out

Ummm the spending had already occurred well before I could even vote.
But you were voting.. for all those politicians spending line drunken Sailors and lowering your taxes so you didn't have to pay for it.

And you are still the generation in power. You are still the largest voting block.

 

[jaeger19]

Right, growing up my parents taught me that it was someone else's responsibility to pay for my advanced education, couldn't find that person so did it myself with their help

With their help??
You mean so you didn't do it on your own??
For shame for shame.

Where is your sense of personal responsibility?

 

[ClaraD]

Right, growing up my parents taught me that it was someone else's responsibility to pay for my advanced education, couldn't find that person so did it myself with their help

I would bet that your advanced education does not exist...

 

[Conservative]

With their help??
You mean so you didn't do it on your own??
For shame for shame.

Where is your sense of personal responsibility?

No, I didn't do it in my home and since apparently "my" generation did such a piss poor job why don't you set the standards moving forward and reject the elimination of the debt ceiling and start reducing the budget?

 

[Conservative]

Ummm the spending had already occurred well before I could even vote.
But you were voting.. for all those politicians spending line drunken Sailors and lowering your taxes so you didn't have to pay for it.

And you are still the generation in power. You are still the largest voting block.

The spending in the past is over, stop it now. Biden is in the WH, YOUR party has the Senate, support the effort to stop the elimination of the debt ceiling showing us how much you really care about the debt?

 

[Conservative]

I would bet that your advanced education does not exist...

I can see that yours doesn't, civics is a lost art with you

 

[ClaraD]

I can see that yours doesn't, civics is a lost art with you

Mine absolutely exists.....I doubt you know anything about Civics....you have proven that time and time again.

 

[ClaraD]

The spending in the past is over, stop it now. Biden is in the WH, YOUR party has the Senate, support the effort to stop the elimination of the debt ceiling showing us how much you really care about the debt?

So, should the government pay for their already acquired debts or not?

 

[Bum]

whatever,

 

[Kushinator]

The spending in the past is over, stop it now.

It still is represented by interest expense and the GQP attempting to hold the U.S. hostage via the debt ceiling. So no, like always you are wrong as it's not in the past.

 

[Kushinator]

No the Trump budgets didn't run deficits, rising interest rates as well as SS and Medicare cost of living caused those deficits

Talk about delusion and alternative reality. The Trump budget wasn't able to increase revenue at a pace that eliminated interest expense or Medicare. This is probably the dumbest post in the thread.

Since you blame "my" generation for causing the deficits what is YOUR generation going to do about it, accellerate them?

His point is way too much for you to grasp. For years, U.S. citizens were given an economy that was dependent on deficits, and now that you're near your end, you expect the rest of the country to embrace austerity.



It's never going to happen.