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Debt Ceiling : Swingers Discussion 215387101
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TOPIC: Debt Ceiling
Created by: Seduction4Two
Original Starting post for this thread:
These debts are not including federal entitlement programs: Medicare and Social Security. The Obama Administration keeps pushing the bullshit that the debt ceiling must increase, yet, Medicare and SS for instance are not entitlements, they’re obligations.

Not raising the debt limit does not mean defaulting on the national debt or that the US’s credit rating will be downgraded. The Federal government incoming tax revenue totals $200 billion a month, certainly plenty to continue paying the creditors. Worst case scenario, should the government refuse to pay its debt, the creditors can always take the government to court [Court of Federal Claims].

And since when is the President allowed unilaterally raise the debt ceiling? Isn’t Congress the only entity that has the power to borrow money on the credit of the United States?

Below is a list of some of what we pay for, it’s a tiny number of some of the most insane entitlements. Add to it, the free cell phone that over six million people have, free utilities etc..

Mentoring Children of Prisoners, $49,701,000 total funding African Elephant Conservation, $1,062,000 total funding Great Apes Conservation, $1,063,000 total funding Alcohol Open Container Requirements, $112,000,000 total funding Anadromous Fish Conservation Act Program, $2,100,000 total funding Asian Elephant Conservation, $1,063,000 total funding Columbia River Fisheries Development Program, $13,100,000 total funding Cooperative Fishery Statistics, $5,300,000 total funding Cooperative Forestry Assistance, $38,107,000 total funding Cooperative Forestry Research, $20,540,000 total funding Foreign Language Assistance, $16,546,000 total funding Foster Grandparent Program, $109,696,000 total funding

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I am always amazed when people make that statement.

Allenhurst NJ
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It surprises me how many people think that foreign aid isn't a necessity.

Pittsburgh PA
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Foreign aid (depending on which part of it) is a necessity. It can be adjusted, it can be revamped, reduced etc... but it can not be done away with. This is 2013, not 1013.

Allenhurst NJ
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Harry Reid 2006

“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.

How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?

They should explain this. Maybe they can convince the public they’re right. I doubt it. Because most Americans know that increasing debt is the last thing we should be doing. After all, I repeat, the Baby Boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it.Democrats won’t be making argument to supper this legalization, which will weaken our country. Weaken our county

Pittsburgh PA
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(16957 posts)
User Details are only visible to members.
These debts are not including federal entitlement programs: Medicare and Social Security. The Obama Administration keeps pushing the bullshit that the debt ceiling must increase, yet, Medicare and SS for instance are not entitlements, they’re obligations.

Not raising the debt limit does not mean defaulting on the national debt or that the US’s credit rating will be downgraded. The Federal government incoming tax revenue totals $200 billion a month, certainly plenty to continue paying the creditors. Worst case scenario, should the government refuse to pay its debt, the creditors can always take the government to court [Court of Federal Claims].

And since when is the President allowed unilaterally raise the debt ceiling? Isn’t Congress the only entity that has the power to borrow money on the credit of the United States?

Below is a list of some of what we pay for, it’s a tiny number of some of the most insane entitlements. Add to it, the free cell phone that over six million people have, free utilities etc..

Mentoring Children of Prisoners, $49,701,000 total funding African Elephant Conservation, $1,062,000 total funding Great Apes Conservation, $1,063,000 total funding Alcohol Open Container Requirements, $112,000,000 total funding Anadromous Fish Conservation Act Program, $2,100,000 total funding Asian Elephant Conservation, $1,063,000 total funding Columbia River Fisheries Development Program, $13,100,000 total funding Cooperative Fishery Statistics, $5,300,000 total funding Cooperative Forestry Assistance, $38,107,000 total funding Cooperative Forestry Research, $20,540,000 total funding Foreign Language Assistance, $16,546,000 total funding Foster Grandparent Program, $109,696,000 total funding

Allenhurst NJ
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(16433 posts)
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TOPIC: Debt Ceiling