And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
(11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
How about we get to see it and approve it in a budget before it's spent?
(11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
(11-04-2015 03:33 PM)Kaplony Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
Actions speak louder than words, and right now I see both sides as unwilling to cut spending.
(11-04-2015 03:39 PM)dmacfour Wrote: [ -> ] (11-04-2015 03:33 PM)Kaplony Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
Actions speak louder than words, and right now I see both sides as unwilling to cut spending.
Yup. Republicans are all about spending cuts until someone actually proposes them.
(11-04-2015 03:39 PM)dmacfour Wrote: [ -> ] (11-04-2015 03:33 PM)Kaplony Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
Actions speak louder than words, and right now I see both sides as unwilling to cut spending.
Funny, a simple google search brought up a lengthy list of Rep sponsored bills that cut spending but were either not brought to vote in the Senate, voted down, or vetoed.
(11-04-2015 03:46 PM)shiftyeagle Wrote: [ -> ] (11-04-2015 03:39 PM)dmacfour Wrote: [ -> ] (11-04-2015 03:33 PM)Kaplony Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
Actions speak louder than words, and right now I see both sides as unwilling to cut spending.
Yup. Republicans are all about spending cuts until someone actually proposes them.
Gotta appease them constituents.
(11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
Totally ignoring the spending side of the equation.
(11-04-2015 03:58 PM)dmacfour Wrote: [ -> ] (11-04-2015 03:46 PM)shiftyeagle Wrote: [ -> ] (11-04-2015 03:39 PM)dmacfour Wrote: [ -> ] (11-04-2015 03:33 PM)Kaplony Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
Actions speak louder than words, and right now I see both sides as unwilling to cut spending.
Yup. Republicans are all about spending cuts until someone actually proposes them.
Gotta appease them constituents.
So they did exactly what you said the weren't willing to do.
(11-04-2015 03:32 PM)200yrs2late Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
How about we get to see it and approve it in a budget before it's spent?
So you're advocating we totally change our government? We have a representative republic. That's just not how it works...and frankly, how could your idea possibly work!
(11-04-2015 03:33 PM)Kaplony Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
There's a third alternative. It's called you cut spending. Being a leftist you probably aren't aware that is an option.
Tell each agency to start at zero and submit a budget each year that specifies on each the section of the US Constitution that requires it. You'll see the deficit decrease in rapid fashion that way.
Not in this case...that ship already sailed. Yes, we need to cut spending (or raise revenue...read taxes) or we will continually need to raise the ceiling. We don't have the Trump luxury to declare bankruptcy.
I don't think anybody, except for a few shitheads on the fringe, think adding this kind of debt is a good thing.
(11-04-2015 04:08 PM)HeartOfDixie Wrote: [ -> ]I don't think anybody, except for a few shitheads on the fringe, think adding this kind of debt is a good thing.
Of course not. The idiots in DC spending like bandits will not be around when the sh!t hits the fan so what do they care?
(11-04-2015 03:58 PM)VA49er Wrote: [ -> ] (11-04-2015 03:28 PM)Redwingtom Wrote: [ -> ]And why did this happen?
http://www.wsj.com/articles/treasurys-le...1443733802
Quote:The Treasury Department has used emergency measures to avoid breaching the debt ceiling, at $18.1 trillion, since mid-March. In August, the Congressional Budget Office estimated the U.S. would be unable to pay its bills without an increase in the borrowing limit by late November or early December.
Quote:WASHINGTON—The government will run out of money to pay its bills sooner than previously thought, forcing Republican lawmakers who are already scrambling to elect new leaders to immediately confront a series of unpopular fiscal deadlines.
Treasury Secretary Jacob Lew said the government would be left with just $30 billion cash on or around Nov. 5. Government outlays can be twice that level on certain weekdays, underscoring the need to raise the federal borrowing limit, Mr. Lew said in a letter late Thursday to House Speaker John Boehner (R., Ohio).
“Without sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history,” Mr. Lew said in the letter.
The continual ignorance asserted from the right on how these things work is mind-numbing. Our elected officials spent the money...and now we have to pay for it. So you either borrow it or you increase revenue. You want to pay more taxes? Didn't think so.
Totally ignoring the spending side of the equation.
Because it already happened...you can't put the toothpaste back in the tube. They spent money we didn't have...now we have to borrow to pay it. It's not a difficult concept.
(11-04-2015 04:08 PM)HeartOfDixie Wrote: [ -> ]I don't think anybody, except for a few shitheads on the fringe, think adding this kind of debt is a good thing.
Everyone knows it's not a good thing. But it's a necessary thing. There's a key difference.
(11-04-2015 04:09 PM)VA49er Wrote: [ -> ] (11-04-2015 04:08 PM)HeartOfDixie Wrote: [ -> ]I don't think anybody, except for a few shitheads on the fringe, think adding this kind of debt is a good thing.
Of course not. The idiots in DC spending like bandits will not be around when the sh!t hits the fan so what do they care?
But that's just not true...we've been battling this debt limit for a few years now....say 7. This **** on the fan was basically ignored while W was in charge...now that O is....it's a big deal.