Costs of not Raising the debt ceiling.

Pasco08 · #1 07-26-2011, 09:32 AM

Not saying i agree with any of this what are your thoughts on this?

http://news.yahoo.com/blogs/exclusiv...132515206.html

DisturbedESV · #2 07-27-2011, 08:24 AM

I'll put my neck out there since I know I'm outnumbered this should be good...

In 2006 I may not have been as willing to give the government more money based on the economy but IMO the ability to keep jobs, keep creating projects, and keep the economy moving forward is reason enough for me to raise the ceiling.

On that note I do think we need to get back to the mindset of the Clinton era of paying some of this debt off...

day004 · #3 07-27-2011, 09:05 AM

Quote:

Originally Posted by DisturbedESV

I'll put my neck out there since I know I'm outnumbered this should be good...

In 2006 I may not have been as willing to give the government more money based on the economy but IMO the ability to keep jobs, keep creating projects, and keep the economy moving forward is reason enough for me to raise the ceiling.

On that note I do think we need to get back to the mindset of the Clinton era of paying some of this debt off...

Agreed. Remember how bad the econony was during the Clinton Presidency. The only time since WW2 that the middle class saw any real economic gains. But the taxes on the wealthy and business were so high that job creation only added 22 million jobs. Awefull. Then we got the biggest contributor to the defict we can fix, the Bush tax cuts on those job creators.. AH that is why Bushs job # are so good, He added ....NO JOBS. Yeah but lets keep those tax cuts in place.
No jobs-Adds to defict. I see where the GOP is going with this..

pooleo · #4 07-27-2011, 10:48 AM

we can not raise the debt ceiling. The country needs to default. None of that BS will happen if we dont raise the debt ceiling.

btw, social security has NOTHING to do with the countrys DEBT!!! Entitlements are NOT DEBT!!! social security, military pay, etc. are all entitlements. This is why people are so stupid, they buy into what the president says, just because he says it, does not make it so

webster426 · #5 07-27-2011, 11:08 AM

We should take over every country we owe debt to and rule the world.....

JesuSaves · #6 07-27-2011, 11:10 AM

Quote:

Originally Posted by webster426

We should take over every country we owe debt to and rule the world.....

I agree!

Pasco08 · #7 07-27-2011, 12:01 PM

Quote:

Originally Posted by pooleo

we can not raise the debt ceiling. The country needs to default. None of that BS will happen if we dont raise the debt ceiling.

btw, social security has NOTHING to do with the countrys DEBT!!! Entitlements are NOT DEBT!!! social security, military pay, etc. are all entitlements. This is why people are so stupid, they buy into what the president says, just because he says it, does not make it so

Jason your so full of it its not even funny. To Default would cause so many problems. And that would be contradicting everyones claims of how republicans are trying to create jobs. I honestly can't believe you just said that.

pooleo · #8 07-27-2011, 12:30 PM

listen. You are pretty quick at throwing out insults and bringing in curse words against folks. You sir are the product of liberal brain washing. Please do not make me post the facts on this forum and show you how wrong you are. I do believe I gave you a "insert foot in mouth" moment on your other postings about tax rate and what people "rich" really pay.

Fact of the matter is, not raising the debt ceiling is not going to "break" the country.

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Im afraid I am going to have to once again post the facts about this issue.

"If Congress refuses to raise the debt ceiling, the federal government will still have more than enough money to fully service the debt."

"As long as the government continues to pay interest on the debt, then it technically is not in default."

"Withtax revenues expected to be $2.2 trillion, interest payments amount to roughly $300 billion—this would still leave $1.9 trillion in revenues to pay for the government's most important priorities. "

Pasco08 · #9 07-27-2011, 12:44 PM

Quote:

Originally Posted by pooleo

listen. You are pretty quick at throwing out insults and bringing in curse words against folks. You sir are the product of liberal brain washing. Please do not make me post the facts on this forum and show you how wrong and insignifacant you are. I do believe I gave you a "insert foot in mouth" moment on your other postings about tax rate and what people "rich" really pay.

Fact of the matter is, not raising the debt ceiling is not going to "break" the country.

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Im afraid I am going to have to once again post the facts about this issue.

"If Congress refuses to raise the debt ceiling, the federal government will still have more than enough money to fully service the debt."

"As long as the government continues to pay interest on the debt, then it technically is not in default."

"Withtax revenues expected to be $2.2 trillion, interest payments amount to roughly $300 billion—this would still leave $1.9 trillion in revenues to pay for the government's most important priorities. "

Are these the same facts that were so out of date like in the Other thread? I am not insulting you and to claim i am liberal is ignorant and assuming a lot. The Country Credit rating would drop from a Triple A to a D loan rates would go through the roof the housing market would collapse all over again as would the car market. I still can't believe you would suggest that the country needs to default. Jason your facts as you call them and proof keeps being outdated and your chart came from your own Photobucket account which is interesting. I think Republicans on here honestly can't make up there mind. IF we Default and thats where the Republicans lead us this country will be more screwed then we are now.

pooleo · #10 07-27-2011, 12:56 PM

dude, the chart from photobucket was because I copied the pic, saved to photobucket to post the pic...!?!?!?! The chart was not out of date, you apparently can not read a chart...!?!?!

I want you to post up the facts that back your claim. I have already done that.

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oh and here is the article. Notice the date, Feb 3, 2011.

http://reason.com/archives/2011/02/0...e-debt-ceili/2

Pasco08 · #11 07-27-2011, 12:57 PM

Quote:

Originally Posted by pooleo

dude, the chart from photobucket was because I copied the pic, saved to photobucket to post the pic...!?!?!?! The chart was not out of date, you apparently can not read a chart...!?!?!

I want you to post up the facts that back your claim. I have already done that.

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oh and here is the article. Notice the date, Feb 3, 2011.

http://reason.com/archives/2011/02/0...e-debt-ceili/2

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oh and here is the article. Notice the date, Feb 3, 2011.

http://reason.com/archives/2011/02/0...e-debt-ceili/2

Yes the Single for none married wasn't but the married was.

pooleo · #12 07-27-2011, 12:58 PM

wow, sorry, its off by 7 months

Pasco08 · #13 07-27-2011, 01:01 PM

http://uk.reuters.com/article/2011/0...76P2GG20110726

http://www.azcentral.com/arizonarepu...rm-nation.html

http://www.outsidethebeltway.com/the...-s-defaulting/

http://www.huffingtonpost.com/2011/0..._n_851646.html

All of those are saying a Default would have horrible impacts across the world not just the country but apparently that is OK. SMH

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Quote:

Originally Posted by pooleo

wow, sorry, its off by 7 months

It stopped on my screen at 05 broski i told you that so you posted the single one.

pooleo · #14 07-27-2011, 01:13 PM

wow. All of those links you provide are basically an opinion. Not a single one is backed by data from a US department. It is worthless opinionated articles.

as for the graph data. One is 7 months old. The other is up to date. I have simplified the graph.

Notice the lines and notice how they extend past the number 2005 indicating at least 2011

Notice date below: 2010

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Quote:

Originally Posted by Pasco08

It stopped on my screen at 05 broski i told you that so you posted the single one.

just to be clear, the first chart is for married, that wasnt good enough for you. I posted the single

Pasco08 · #15 07-27-2011, 01:15 PM

Quote:

Originally Posted by pooleo

wow. All of those links you provide are basically an opinion. Not a single one is backed by data from a US department. It is worthless opinionated articles.

as for the graph data. One is 7 months old. The other is up to date. I have simplified the graph.

Notice the lines and notice how they extend past the number 2005 indicating at least 2011

Notice date below: 2010

Yes the opinion of the UK Economic Cheaf is worthless.

HA! yet i am supposed to assume it goes past 05 just because the lines are there? LMFAO Jason your funny. But were supposed accept your graph when it doesn't extend past 05 yet you say it does. But no Proof.