I’m a little confused here. I’m an accountant so I’m pretty good with numbers and such. I must be missing the obvious (again) because a few things don’t make sense to me. The Rep’s are avoiding another “crises” and are looking to work on a bi-partisan spending reduction program. Some frightening plans to put together a budget was suggested? I presume the Dem’s just want to keep borrowing money and not worry about it. Since we are over 16 Trillion in debt we can’t finance our expenses without continual borrowing. Obama says we don’t have a spending problem. I know he inherited a war and a deficit, of which he continued the war and increased the deficit substantially. I always thought when you spent more money than you took in that was considered irresponsible. I have looked in detail at some of these government debt reduction claims and most are pretty weak and involve a great deal of government accounting manipulation. *We are adding another unpaid entitlement program, continue with the war, gitmo, expired tax cuts, etc. I know both parties are complicit in debt and spending, but what are the democrats proposing as debt reduction and avoiding escalating government spending? Links to data is good for me, since I like real data over partisan explanations or rancor.
“the voice of the people”… Talk about a shakedown, no it’s the voice of gerrymandered districts. The people voted for democrat candidates over republican candidates.
Sorry Charlie earlier changes were mandated due to earlier gerrymandering. After all the noise about voter fraud a few months ago the right seems very open to distancing itself from democratic principals.
The Republicans were kind enough to hold off putting our credit rating at risk for another 3 months. The D’s were kind enough to let them. The real question is, can these cannibalistic congressmen and senators put aside their insane tribal tit for tat feud and form some bipartisan ideas? A friend lived in a college dorm where the basket players bounced balls and jumped on the floor above after games while celebrating/commiserating. In one room, large chunks of plaster fell from the ceiling. It does not help either party for one to perform halfway measures to do repairs while the other takes actions that appear to many, to add to the damage. Both parties have to work together in sincerity if real changes are to take place.Respectfully,C.
You have that completely wrong!!<>The debt ceiling is there to force some sober second thoughts about the total level of debt. The Obama administration wants to raise the ceiling, so that it can borrow more. Trillions more!. The Republicans want to attempt to rein in the deficits, by demanding some budget cuts, in return for approving a lifting of the ceiling. <> If the debt ceiling isn’t raised at all (a highly unlikely event), that would force the government to cut back expenditures. It could do that by defaulting on the debt — but, it won’t for the reasons you state (ruins your credit … and that’s just the beginning). Drastic cuts to programs would be required. <>The only choice is to cut back expenditures now (somewhat painful); or face drastic and very painful cuts later. The world does not owe the U.S.A. a living, and it’s becoming increasingly harder to borrow internationally. (The U.S. credit rating was recently lowered from AAA to AA+ — that translates into higher borrowing costs.)
Ink blot Premium Member about 11 years ago
So, more debt is a good thing?
Mickey 13 about 11 years ago
I’m a little confused here. I’m an accountant so I’m pretty good with numbers and such. I must be missing the obvious (again) because a few things don’t make sense to me. The Rep’s are avoiding another “crises” and are looking to work on a bi-partisan spending reduction program. Some frightening plans to put together a budget was suggested? I presume the Dem’s just want to keep borrowing money and not worry about it. Since we are over 16 Trillion in debt we can’t finance our expenses without continual borrowing. Obama says we don’t have a spending problem. I know he inherited a war and a deficit, of which he continued the war and increased the deficit substantially. I always thought when you spent more money than you took in that was considered irresponsible. I have looked in detail at some of these government debt reduction claims and most are pretty weak and involve a great deal of government accounting manipulation. *We are adding another unpaid entitlement program, continue with the war, gitmo, expired tax cuts, etc. I know both parties are complicit in debt and spending, but what are the democrats proposing as debt reduction and avoiding escalating government spending? Links to data is good for me, since I like real data over partisan explanations or rancor.
ConserveGov about 11 years ago
What a dumb toon.
I hope Rogers has career plan B.
Odon Premium Member about 11 years ago
I am glad you’ve seen the light. If we put all revenue into the military we will be safe. Unhealthy and uneducated, but safe.
Odon Premium Member about 11 years ago
“the voice of the people”… Talk about a shakedown, no it’s the voice of gerrymandered districts. The people voted for democrat candidates over republican candidates.
Rickapolis about 11 years ago
Just say ‘no’. The GOP motto.
Odon Premium Member about 11 years ago
Sorry Charlie earlier changes were mandated due to earlier gerrymandering. After all the noise about voter fraud a few months ago the right seems very open to distancing itself from democratic principals.
chazandru about 11 years ago
The Republicans were kind enough to hold off putting our credit rating at risk for another 3 months. The D’s were kind enough to let them. The real question is, can these cannibalistic congressmen and senators put aside their insane tribal tit for tat feud and form some bipartisan ideas? A friend lived in a college dorm where the basket players bounced balls and jumped on the floor above after games while celebrating/commiserating. In one room, large chunks of plaster fell from the ceiling. It does not help either party for one to perform halfway measures to do repairs while the other takes actions that appear to many, to add to the damage. Both parties have to work together in sincerity if real changes are to take place.Respectfully,C.
chazandru about 11 years ago
For a bit of humor…and a trip to the 80’s..Lionel Ritchie’s Dancing on the Ceiling.http://www.youtube.com/watch?v=OdQDXs75UloC.
Ink blot Premium Member about 11 years ago
You have that completely wrong!!<>The debt ceiling is there to force some sober second thoughts about the total level of debt. The Obama administration wants to raise the ceiling, so that it can borrow more. Trillions more!. The Republicans want to attempt to rein in the deficits, by demanding some budget cuts, in return for approving a lifting of the ceiling. <> If the debt ceiling isn’t raised at all (a highly unlikely event), that would force the government to cut back expenditures. It could do that by defaulting on the debt — but, it won’t for the reasons you state (ruins your credit … and that’s just the beginning). Drastic cuts to programs would be required. <>The only choice is to cut back expenditures now (somewhat painful); or face drastic and very painful cuts later. The world does not owe the U.S.A. a living, and it’s becoming increasingly harder to borrow internationally. (The U.S. credit rating was recently lowered from AAA to AA+ — that translates into higher borrowing costs.)