Raise it, just as every other president has since the 50's. I was watching C-span and White House PR held a briefing. He pretty much said that this whole drama is manufactured so compromises reached won't have time to be scrutinized and rejected by the people. An awful time for Kabuki, but a dance all the same.
isn't that pathetic.
Cutting spending in the social sector is essentially harming those who need help the most... no, perhaps a fix would be to stop helping the pharmaceutical companies with free money. Bailing out banks without actual stipulations on the money. Introducing new bills that do not even bother to try to balance the budget. How can the Republican party be so bitchy about the government's financial spending when it was due to Bush-era tax cuts and... the above, that created this mess? I mean really? Get out of my electoral college, trolls.
The debt ceiling has been raised a number of times in nearly every administration since the fifties. It is a non-issue, except that this time around the Toothless Wonder arm of the Republican Party takes such exception to a Black Democrat in office that *** wonder of wonders! *** The Debt Ceiling is Being Raised Again! No, let's just shut down the federal government so we can create a false issue and ***** health care reform of any meaning. <br />
I wish for a true Republican to show his / her face. Probably would result in the same thing that happened to Senator Aiken in 1939 - later known as the Dean of the U.S. Senate and perhaps the most respected member over a fifty year career, Aiken was single minded about reform and common sense. he therefore went against the good Ol Boy network in Washington and was branded a Communist by his own party. <br />
Hypocrisy knows no limits. There is no debt ceiling issue. There is a Congressional competence issue. We elected those bozos to accomplish something. They have not done so and we should fire the lot of them.
What's the answer? Don't put Republicans in charge of the fiscal budget, and have Elizabeth Warren be in charge of the Consumer Protection Financial Bureau.
we knew this when america voted more of them into office while enchanged by tea party dancing on the sidelines. Bohnhead is using this purse strings power like a gestapo officer in a pissy mood. His way or the highway, problem is, we are the ones who will be out on the street, not him.
I oppose any debt limit increase unless all three of the following conditions have been met:<br />
Cut - Substantial cuts in spending that will reduce the deficit next year and thereafter.<br />
Cap - Enforceable spending caps that will put federal spending on a path to a balanced budget.<br />
Balance - Congressional passage of a Balanced Budget Amendment to the U.S. Constitution -- but only if it includes both a spending limitation and a super-majority for raising taxes, in addition to balancing revenues and expenses
We loose either way! World wide economic collapse might get our attention! The other option is to keep blowing into the balloon with the hole in it! I'd say the former. It would be a very painful but necessary teachable moment.for us. We might learn to keep our head out of the sand for the first time in history.And create a better monetary system.
gotta go up soldiers need thier checks pensioners disabled sides interest rates are gonna rise lenders dont like to be given the run around
borrow more & start another war
do not raise it. cut the buget like everyone else in america is having to do right now..
THE DEBT CEILING<br />
* Democrats don't understand THE DEBT CEILING<br />
* Republicans don't understand THE DEBT CEILING<br />
* Liberals don't understand THE DEBT CEILING<br />
* NO ONE understands THE DEBT CEILING<br />
SO - Allow me to explain. Let's say you come home from work and find there has been a sewer backup in Your neighborhood. Your home has sewage all the way up to your ceilings.<br />
What do you think you should do? Raise the ceilings or pump out the s--t (Stuff)?<br />
Your choice is coming in November. Don't miss the opportunity.
Since it is to cover expenditures that congress has already approved, not raising it is making us deadbeats to the world. We can have a conversation about tackling the deficit without holding the economy hostage. Ironically, if the debt ceiling isn't raised, it will very likely increase the deficit because of a higher interest rate being put on the debt after US credit is downgraded.
There is NO other choice but to raise it, it has to be done for the present financial hole we have already dug... The next answer is there has to be cuts in budget and spending, and by those who originate it, not those who get stuck with it. THE Real Story: Bush starts a couple of wars, spends trillions, the debt ceiling rises in his administration paid for it. Bush reduces taxes on the rich, and does massive tax loophole programs which net immediate gains by individuals making money off oil and drilling. This reduced taxation in turn makes for less money coming in, the balance of incoming money to outgoing money is screwed on BOTH ends, as we are spending for the wars and not getting as much in to cover the current (then) expenses><br />
Bush makes laws that let banking create flakey loans that eventually disrupt the housing market.<br />
Bush initiates, right at the end of his office, a bailout to the banks to get them out of the trouble his lack of oversight created. In walks Obama. The bailout is already in motion, arguements ensue. He goes ahead with the bailouts, and creates job making proposals that cost tax dollars, but will create jobs being lost due to the banking fiasco. The Wars continue, costing trillions, still. The economy tanks as a result of the stupidity of the banks and the lack of Bush oversight, and jobs vanish by the thousands. A million or so people are out of work.
continued: Now millions more join them, out of work, and needing unemployment money. The administration now having to struggle with this fiasco has to spend huge amounts of money for 3 reasons> 1 to create jobs and 2 to get unemployment money to these newly unemployed and 3 to cover the regular costs of doing business NOT BEING PAID FOR by the taxes from jobs that now don't exist, so government income is reduced yet the expenses go on, as already planned by everyday routines around for ages. The Wars continue to cost trillions. How can the president who inherits this stink-hole of an economy NOT spend more than we have available when what is available has gone down by about 10 percent, and to create more jobs requires the spending of government money on programs that will put some of these people to work.
If anything he didn't spend ENOUGH money on the recovery.
Now, after all of this battle, the dimwitted Boenhead taking a "leadership" role for the Republican managers of the purse strings suddenly wants to blam it ALL on Obama, and continues to behave like a jerk at every opportunity in an effort to make political gain during an early election era.
This same person wants to do a short term fix, so he can fight this battle again, even closer to election time, so he can again lie through his as yet unbroken teeth to the public about who's fault all this actually is.
How can we possibly NOT raise the debt ceiling to continue to bail outselves out the the fiasco someone before this group created. Who is really to blame...
Republicans, get your heads out of your ***** and face facts. Stop lying constantly about whose fault it is and own up to the problem, and help... i say HELP deal with it. Stop dragging feet and pointing fingers and being self righteous twits and do something for a change beside whine.