posted January 19, 2023 07:04 PM            

Some spending is statutory, meaning legislation was passed to fund that spending.

Interest on the National Debt must and will be paid so no default on the bonds underlying the national debt will occur.

Social Security and Medicare will be paid.

As for the 'discretionary' spending, decisions will have to be made as to where money is spent...and how much.

The bloviating morons in the democrat party and the yammering press who are hyperventilating over the looming 'default' if the debt limit isn't increased are either lying straight through their teeth or brain dead.

posted January 19, 2023 07:27 PM            

Why should me, the taxpayer pay for other peoples retirements ?

They should have saved better and taken care of themselves.

It’s not my responsibility to pay for a bunch of people to retire, if they didnt save enough , go back to work at wal mart.

posted January 19, 2023 07:54 PM            

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Originally posted by jwhop:
Don't increase the debt limit. Make the Senate and Joe Biden prioritize what will be funded.

Some spending is statutory, meaning legislation was passed to fund that spending.

Interest on the National Debt must and will be paid so no default on the bonds underlying the national debt will occur.

Social Security and Medicare will be paid.

As for the 'discretionary' spending, decisions will have to be made as to where money is spent...and how much.

The bloviating morons in the democrat party and the yammering press who are hyperventilating over the looming 'default' if the debt limit isn't increased are either lying straight through their teeth or brain dead.

The United States takes in almost $5 Trillion in taxes, tariffs, fees and fines each year. Plenty to pay all necessary functions to run the US government.

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posted January 19, 2023 10:18 PM            

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The bloviating morons in the democrat party and the yammering press who are hyperventilating over the looming 'default' if the debt limit isn't increased are either lying straight through their teeth or brain dead.

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posted January 19, 2023 10:53 PM            

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Originally posted by teasel:
You were fine with trump lifting it three times? He raised it by 7.8 TRILLION. But that was okay?

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posted January 19, 2023 10:58 PM            

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Ignore the Biden Administration's debt limit deadlines. They went into hurry-up offense because conservatives seized the initiative in the House of Representatives. This will play out over the next 7 or 8 months. Oh, & Republicans, stop talking about Social Security & Medicare.

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Russ Vought, former OMB Director.

posted January 21, 2023 09:48 PM            

Not a fan, but he does a good job of countering the narrative that not raising the debt ceiling will lead to a "global financial meltdown."

Pat Toomey:

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I disagree with the characterization - I understand it’s universal - that if we don’t raise the debt ceiling by a particular date we’ll have this financial crisis. That will not happen. And let me just tell you why. It’s very simple. The disaster scenario that people talk about is defaulting on our debt, defaulting on our sovereign debt, the securities that are the basis of capital markets around the world. The interest payments on our debt adds up to about $400 billion dollars this year according to the CBO. Tax revenue alone is almost $5 trillion dollars. A Treasury Secretary would have to willfully decide that I’m going to precipitate a default on our debt. So that’s not going to happen.

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Andrea Mitchell:

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But, we did get downgraded. It cost us a couple of billion dollars.

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Pat Toomey:

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A couple of firms that privately made that decision. There’s going to be no default on the debt, even if we go past the date. The worse thing that would happen is some vendors wouldn’t get paid on time and they’d have to wait and that’s not ideal. It would be a partial shutdown, not ideal.

But, I think you do have to weigh this in the context of a completely unsustainable fiscal mess that we’re in. One hundred percent GDP ratio right now, growing rapidly. This is not sustainable and it’s unreasonable for President Biden to say “I refuse to even negotiate about this.”

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Andrea Mitchell:

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The Trump tax cuts some would say contributed to all of this.

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The WH and the media's default position to blame President Trump for everything.

Pat Toomey:

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The tax cuts of 2017 that you refer to as the Trump tax cuts ushered in tremendous economic growth, record low unemployment, wage gains that were outpacing inflation and today, Andrea, the Federal Government’s taking in more revenue, tax revenue, than was projected prior to the tax reform. Total revenue is above the historical average as a percentage of our economy, corporate tax revenue above the historical average so that the tax reform of 2017 has been terrifically pro growth and constructive, not a problem here.

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posted January 26, 2023 08:02 PM            

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Q: Would you prefer a partial shutdown in order to achieve balanced spending or would you rather avert a shutdown by raising the debt ceiling?

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56% of Americans are in favor of a partial shutdown.
34% oppose

posted January 29, 2023 11:22 PM            

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Originally posted by Dhyana:
[b]U.S. Senate Republicans put Biden on notice over debt ceiling - Reuters,

http://www.reuters.com/world/us/us-senate-republicans-put-biden-notice-ove r-debt-ceiling-2023-01-27/ [/B]

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The White House, which has repeatedly voiced opposition to debt ceiling negotiations, was not immediately available for comment.

Right. Because Biden cannot possibly justify increasing the debt limit without cuts to the insane, bloated budget.

posted January 30, 2023 07:46 AM            

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Originally posted by Randall:
Senator Obama voted against raising the debt limit. What!?!

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