The debt limit!

[Lakhota]

 

[Flopper]

When I reach my debt limit with a credit card, I must cut spending, immediately....how would this be any different?

The difference is you can't create money. The Federal Government can. Also, you can't increase your debt limit. The Federal Government can.

 

[Lakhota]

 

[Jessica-stormlover]

The rich wants their 18th century slave labor back! SSI has improved life and taken a lot of power away from the elites and the billionaire class that they want back. It is really sick.

 

[Flopper]

Defaulting on the debt can be remedied by an emergency increase. Once we can no longer pay the interest on the money we owe it can't.

Or, the Communists can work with the Republicans to halt their pork spending in exchange for a one time ceiling increase so it doesn't happen down the road ignoramus.

Congress can issue an emergency increase to prevent a default. However, once the goverment defaults the damage is done. Typically this results in bond rating services down grading our bond ratings. An individual defaulting on their debts would mean paying higher interest rates to borrow. For the government it would mean our debt would be a less attractive than other countries who have not defaulted and would likely increase the interest the government pays to refinance the debt.

 

[Papageorgio]

Democrats have also talked about raising the retirement age to cover the shortfall, nice trying to distort the truth.

 

[Nostra]

Has that happened during any one of the 22 government shutdowns, Cupcake?

: crickets:

 

[Ray From Cleveland]

Congress can issue an emergency increase to prevent a default. However, once the goverment defaults the damage is done. Typically this results in bond rating services down grading our bond ratings. An individual defaulting on their debts would mean paying higher interest rates to borrow. For the government it would mean our debt would be a less attractive than other countries who have not defaulted and would likely increase the interest the government pays to refinance the debt.

Then if it happens it happens. If Republicans give in to the commies and they continue putting us further and further in debt with their pork, the media will blame the Republicans just like they did under the two years with them in charge under Trump. If they hold tough and we end up in default, the lying MSM won't blame the Democrats for refusing to come to the table, once again, they will blame the Republicans.

What do we have to lose?

 

[Ray From Cleveland]

Democrats have also talked about raising the retirement age to cover the shortfall, nice trying to distort the truth.

I thought everybody just scrolled past her dumb memes that she posts constantly.

 

[BWK]

Allowing the House NaziCons to actually default on the debt ceiling would be a surefire way to terminate the GOP.

And those stupid mfrs. don't know that.

 

[BWK]

Has that happened during any one of the 22 government shutdowns, Cupcake?

A government shutdown is the result of lawmakers disagreeing over how much to spend on future bills. A shutdown is not a default on the debt ceiling. Get a clue. You are so fucking ignorant and stupid.

 

[BluesLegend]

Can we please stop pretending there's a debt limit, FFS.

 

[BWK]

Maybe you should turn off your gas stove, get rid of your gas powered vehicle and turn off all the electricity to your house and start eating bug burgers so The Government doesn't haver to spend so much money on supporting your lazy ass.

One stupid retarded post after another with you.

 

[BWK]

Can we please stop pretending there's a debt limit, FFS.

You do that you ignoramus.

 

[BluesLegend]

You do that you ignoramus.

Shut the hell up libtard, go work on your woke carboard sign, take a bath and comb your ratty hair.

 

[BWK]

Then if it happens it happens. If Republicans give in to the commies and they continue putting us further and further in debt with their pork, the media will blame the Republicans just like they did under the two years with them in charge under Trump. If they hold tough and we end up in default, the lying MSM won't blame the Democrats for refusing to come to the table, once again, they will blame the Republicans.

What do we have to lose?

There is no fucking table to go to clown. You don't know what the debt ceiling is. My God, is everyone on the Right on this forum, living in a fucking box? You people don't know your dick from your ass.

 

[BWK]

Shut the hell up libtard, go work on your woke carboard sign, take a bath and comb your ratty hair.

LOL! The retards of the Right. God help us make it with these ignorant ass fools.

 

[Ray From Cleveland]

There is no fucking table to go to clown. You don't know what the debt ceiling is. My God, is everyone on the Right on this forum, living in a fucking box? You people don't know your dick from your ass.

That's what the Republicans are holding out for uninformed voter. They want concessions on spending in return of raising the ceiling so we won't have this problem again in the future. But asking a Communist to stop spending to gain power doesn't work. Their idea of compromise is do it our way, or take the highway.

 

[BluesLegend]

LOL! The retards of the Right. God help us make it with these ignorant ass fools.

After nature gets rid of you left wingers we'll run the entire planet for the next 5,000 years

 

[BluesLegend]

Their idea of compromise is do it our way, or take the highway.

Dem terms of a compromise ALWAYS give Dems and out. They intend to break the deal from the get go, fuckers.