Let the nation default?

[QuickHitCurepon]

We're living beyond our means and it is the mission of some for that to continue

The rich and famous CAN'T live without yachts.

 

[Hoffstra]

Part of me says yes, let the nation default if that's what the Republicans want.

The other part of me, the Patriotic part says no, we cannot let the nation default.

Maybe Obama can find some way of not letting the nation default.

Perhaps he can defend unilaterally raising the debt ceiling to fund all existing payments that need to be made, but nothing more.

Once all spending is paid for by raising the debt ceiling, then Obama will have no excuse to raise the debt ceiling again, as all spending will be funded..except for interest on the debt.

 

[The Rabbi]

obama intends to make the government default. Not let it, make it. He's asking more an unlimited debt ceiling. Which means either cut spending and pay the bills or default, or increase the debt so astronomically that the entire economy collapses.

Obama isn't asking for an unlimited debt ceiling.

Pelosi: President Should Unilaterally Remove the Debt Ceiling (Congress, Barack Obama, how much) - Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

Raising debt ceiling is latest 'fiscal cliff' hitch

Low information voter strikes again.
This is why you can't debate: low information. Even basic facts escape you.

 

[The Rabbi]

Part of me says yes, let the nation default if that's what the Republicans want.

The other part of me, the Patriotic part says no, we cannot let the nation default.

Maybe Obama can find some way of not letting the nation default.

Perhaps he can defend unilaterally raising the debt ceiling to fund all existing payments that need to be made, but nothing more.

Once all spending is paid for by raising the debt ceiling, then Obama will have no excuse to raise the debt ceiling again, as all spending will be funded..except for interest on the debt.

The Constitution gives the House of Representatives sole authority to raise debt. Now of course Obama has trashed the Constitution before. And I expect he will again. But if he does it this time and it is allowed to stand then we have essentially a dictatorship. And it's time for the 3rd American Revoliution.

 

[DaGoose]

Do you guys ever get tired of spouting the same talking points over and over?

Not when they are true, relevant and timely.

If the Democrats refuse to talk or compromise just as they have been doing... It's on their heads.

exactly

the dems believe obamacare is more important than the rest of the government

Funny. I was thinking exactly the same thing about Boehner and his boss Ted Cruz.

.

 

[Pauli007001]

Obama should have the radical right arrested for treason and terror attacks against the nation.

Who did the reasoned tea party kill?

 

[Pauli007001]

Obama should have the radical right arrested for treason and terror attacks against the nation.

And just who would be included in your defination of "radical right" to be arrested for treason and terror attacks against the nation?

The parents of children selected for rape.

 

[hortysir]

Part of me says yes, let the nation default if that's what the Republicans want.

The other part of me, the Patriotic part says no, we cannot let the nation default.

Maybe Obama can find some way of not letting the nation default.

Perhaps he can defend unilaterally raising the debt ceiling to fund all existing payments that need to be made, but nothing more.

Once all spending is paid for by raising the debt ceiling, then Obama will have no excuse to raise the debt ceiling again, as all spending will be funded..except for interest on the debt.

But neither Obama OR the Senate will agree to a House budget with serious cuts in spending. And I don't mean lower increases

 

[Hoffstra]

But neither Obama OR the Senate will agree to a House budget with serious cuts in spending. And I don't mean lower increases

Its called compromise.

Fund the govt., and then we can talk about budget cuts.

 

[Pauli007001]

Boehner says U.S. on path to default if Obama won't negotiate

Boehner is as much a liar as a coward.

The president has no problem ‘negotiating,’ with regard to current, unresolved budgeting issues. Of course one fails to see why the president would ‘negotiate’ given the Executive neither writes nor passes spending legislation. Boehner needs to negotiate with Reid. WW staff are allowed to sit in and monitor Congressional negotiations, and contribute items the president might want to see as part of a given law, but any final legislative resolution can be agree upon only by members of Congress.

But Obama cannot ‘negotiate’ concerning existing Federal law, such as the ACA. It’s ignorant idiocy to suggest otherwise.

Boehner and House republicans are of course at liberty to address amending the ACA after they’ve discharged their responsibility to ensure the government is funded and able to pay its debts.

All or nothing is not compromise.

 

[birddog]

Obama should have the radical right arrested for treason and terror attacks against the nation.

You dumbass! Obama should already be in prison for the same things!

 

[Hoffstra]

By the way, to all you guys who think that we won't default just becuase we reach the borrowing limit, you are wrong.

Yes, we can in much more revenue each month than we spend on interest on the debt.

But in order to first pay interest on the debt and then fund other stuff, the Dept. of Treasury would have to prioitize certain spending. They do not believe they have the authority under the Constitution to prioitize some spending and de-prioritize other spending.

 

[Katzndogz]

The nation does not really have to default. The nation has an enormous income. It merely has to prioritize. But, as Jack Lew said to Chris Wallace today, this regime will not prioritize.

It's sort of like if you maxed out your credit card and the bank refused to up your credit balance. You have a good job, you can pay your bills, you might not go out for dinner three nights a week, you might not throw that catered party, but you can pay your bills.

That's the position of the government. To imagine that if we cannot borrow more money, we can't pay any of the bills is plain silly. It's like saying that the entire country has no income, no one is paying taxes, no tariffs or fees are being collected. There's no income. In actuality there is plenty of income.

 

[Pauli007001]

Its interesting how Conservatives think Obama has the power to extend the debt ceiling and fund the govt. all on his own.

And he has the power to send bills to his desk, all on his own.

very very interesting.

^^^^^^retard ^^^^^^^

A Hofstra graduate!!
Probably tertiary syphallis!!!

 

[Missouri_Mike]

The Senate will of course vote on the House bills to raise the debt ceiling.

Will the House vote on the Senate bills?

All spending originates from the house. So nobody gives a shit what the Senate votes on budget wise. You should have learned this long ago.

As far as the default...let's default. F*ck it. 17 trillion in debt and the rtard we have posing as a president keeps pushing for more debt. We've already defaulted you dumb ass. No way we can pay back 17 trillion let alone the 100 trillion in unfunded mandates. Parlor tricks is all we are doing now. When do we drop the ball under the third cup? Before or after we can't pay the bills? Oh, looks like after.

 

[QuickHitCurepon]

The nation does not really have to default. The nation has an enormous income. It merely has to prioritize. But, as Jack Lew said to Chris Wallace today, this regime will not prioritize.

It's sort of like if you maxed out your credit card and the bank refused to up your credit balance. You have a good job, you can pay your bills, you might not go out for dinner three nights a week, you might not throw that catered party, but you can pay your bills.

That's the position of the government. To imagine that if we cannot borrow more money, we can't pay any of the bills is plain silly. It's like saying that the entire country has no income, no one is paying taxes, no tariffs or fees are being collected. There's no income. In actuality there is plenty of income.

Yea, but there is this little thing called insolvency.

Edit: The UK have laws about it.

http://en.wikipedia.org/wiki/Uk_insolvency

 

[hortysir]

But neither Obama OR the Senate will agree to a House budget with serious cuts in spending. And I don't mean lower increases

Its called compromise.

Fund the govt., and then we can talk about budget cuts.

Went through the same shit last year.
see: Sequestor


insanity ~ doing the same thing over and over and expecting different results

 

[blackhawk]

Do you guys ever get tired of spouting the same talking points over and over?

Not when they are true, relevant and timely.

If the Democrats refuse to talk or compromise just as they have been doing... It's on their heads.

exactly

the dems believe obamacare is more important than the rest of the government

Funny. I was thinking exactly the same thing about Boehner and his boss Ted Cruz.

.

Talking points are never true, relevant, or timely they are what you say when you have nothing true, relevant, or timely to say.

 

[Hoffstra]

The nation does not really have to default. The nation has an enormous income. It merely has to prioritize. But, as Jack Lew said to Chris Wallace today, this regime will not prioritize....

Kindly show us in the Constitution where it says the Treasury has the authority to prioritize spending.

 

[Stephanie]

you ever seen so many people worried over this damn Federal government?

like their VERY lives are going to end if they default...

Obama is the President and is the LEADER OF THIS COUNTRY

it they DEFAULT it will be ON HIS HEAD AND SHOULDERS...no matter how bad you all want to spin it or deny it