Why we should get rid of the debt ceiling
http://finance.yahoo.com/blogs/daily...3Rpb25z;_ylv=3"Get rid of the debt ceiling," she says. "It's a totally artificial thing. When you vote for spending and you vote for revenues there's an implicit debt number there, but it shouldn't be used as a hammer over the head of the president or anybody else…..the debt ceiling has nothing to do with the rising debt."
Ahh! Let's all be slaves to more debt! Sounds like a plan to me.
Rand Paul 2016
Ugh, I can't stand that commie babe.
"We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul
http://www.youtube.com/watch?&v=pB5JgzBVHN0
If the debt ceiling is REMOVED (not just raised) I will know that the end is nigh.
That is the PRECISE moment in which the USA will have fallen to total dictatorship; Democrats and Obamabots will be forced to choose between good and evil in a way they never thought possible.
"Like an army falling, one by one by one" - Linkin Park
Best thing for us, really. Our therapy was going nowhere.
The debt ceiling really isn't as major of an issue that some may believe. In fact, the concept of a debt ceiling is pretty stupid. You want to lower the debt, vote for spending cuts and against spending increases.
When you have retarded teabagger congressmen who vote for spending increases and government expansion and then votes against the debt ceiling (that essentially pays for that increased spending and government expansion they voted for in the first place) in order to pander to their idiot base who don't even know what the debt ceiling is or does, you are just asking for trouble.
The original stupidity was creating a counterfeiting press as a means of self-financing from a present and future counterfeit promiser of first resort, with the option always on the table of becoming our own sole customer if all else fails.Originally Posted by Bohner
I say take the debt ceiling To Infinity And Beyond!
True... But voting for spending increases and against debt ceiling increases (like many of these idiot teabagger politicians have done), is like voting to hire a contractor to renovate your house and voting against paying him when he's already started ripping your toilet and sink out of the floor and smashing down your walls.
If you didn't want to pay for it, maybe you shouldn't have voted to hire a contractor to renovate your house in the first place?
The debt ceiling isn't necessarily the problem, it's the spending bills that are.
Get rid of it and vote present on all spending and tax bills. Give the Democrats everything they want and then blame them for the collapse
There is something in business law stare decicis jurisprudence that I have always disagreed with. Did you know that if you make a string of contributions to a charity, in even amounts on a regular or semi-regular basis, and one day you stop making any contributions...did you know that charity can sue you in court...and WIN? The logic there is that charities that become dependent on those funds plan their budgets around those now-expected future contributions, and you aren't allowed to put them into a tailspin like that. Your string of past contributions, with no consideration exchanged on their part, is now tantamount to a CONTRACT. You can get out of that contract, but not cold turkey.
That said, a distinction needs to be made here, because if I hired a contractor to rebuild my house without calculating the costs, but later calculated those costs and determined that I couldn't afford it, or don't need those renovations, I can halt construction at any time, pay that contractor in full for the work he has done to date, and regroup. Once the contractor is paid for the work already done, screw the contractor, as he is out nothing except his future expectations, and is now free to put his productive skills to work elsewhere. That may leave me with a house in shambles, but at least it will stop the hemorrhaging, and give me time to get real about what I want done versus what I can really afford.
I agree, but even that is not the root of the problem. For that we have to go further back, as the real reason that the debt ceiling MUST be raised really has nothing to do with spending more each year for anything, needed or not, and everything to do with maintaining the Ponzi illusion of solvency for a system that is deliberately exponential by design, and therefore never sustainable in the first place. We can't pay down the debt without revealing the Ponzi scheme for what it is, and finally allowing an end game that was always inevitable to come sooner, ultimately wrecking the entire economy.
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