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Why are people making a deal about the debt ceiling increase? Nate Send a noteboard - 09/08/2011 03:42:13 PM
I'm honestly curious about that. From what I understand, the debt ceiling has been increased something like 100 times in the last 60 years. It's absolutely routine. Bush Jr's administration for example raised the debt limit by several trillion dollars. Clinton raised the limit, Bush Sr raised it, Reagan raised it, and on and on. The issue is more the ability to meet the interest payments, no?

And yes, taking on less debt is an integral first step in wrangling with the payments, but as you say, clearly the ceiling had to be raised again at this juncture. But given how commonplace such a procedure has been, why is that in itself such a talking point?
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US Credit Rate Downgraded - Obama should resign..... trzaska2000 - 06/08/2011 04:12:48 AM 1410 Views
Que tonterías. Larry - 06/08/2011 04:23:49 AM 944 Views
How... foolish? Ghavrel - 06/08/2011 05:13:30 AM 966 Views
Sip Larry - 06/08/2011 05:38:15 AM 931 Views
I took it to translate to "argument." *NM* rebelaessedai - 08/08/2011 01:27:55 AM 470 Views
A mí me parece que él no merece que le digas "usted", tampoco. Legolas - 06/08/2011 11:03:22 AM 757 Views
Verdad Larry - 06/08/2011 04:09:52 PM 881 Views
Really? Amelia Pond - 06/08/2011 05:05:48 AM 996 Views
Leaders have to lead..... trzaska2000 - 06/08/2011 05:18:21 AM 816 Views
Cuts aren't up to him, though. Great Lord of Chaos - 06/08/2011 05:37:50 AM 859 Views
Yeah, sure, the President has no say or control.....good grief..... *NM* trzaska2000 - 06/08/2011 06:13:49 AM 478 Views
I did not say that. Great Lord of Chaos - 06/08/2011 06:51:35 AM 931 Views
S&P didn't demand cuts, they demanded fiscal responsibility. Joel - 06/08/2011 03:18:10 PM 1099 Views
Obama caved spectacularly to avoid a default. Great Lord of Chaos - 06/08/2011 04:37:21 PM 909 Views
Obama caved spectacularly to ease re-election. Joel - 06/08/2011 05:34:04 PM 1084 Views
and haters gotta hate..... *NM* Aisha - 06/08/2011 05:49:25 AM 455 Views
I admit it, I hate what Obama is doing to our country..... *NM* trzaska2000 - 06/08/2011 06:12:39 AM 470 Views
It's not Obama, but the Tea Party Amelia Pond - 06/08/2011 06:16:38 PM 945 Views
The biggest? why that is pretty damn big!!! random thoughts - 09/08/2011 06:29:24 PM 876 Views
you, it was the tea party republicans that caused this Roland00 - 06/08/2011 05:57:16 AM 950 Views
Your momma is more to blame than the Tea Party..... trzaska2000 - 06/08/2011 06:12:05 AM 822 Views
S&P demanded more DEFICIT REDUCTION. Joel - 06/08/2011 03:55:19 PM 973 Views
As ever your disinterest in facts seems to be central to your posting. snoopcester - 06/08/2011 11:34:20 AM 919 Views
Which would be less annoying if so much of Congress didn't suffer from the same delusions. Joel - 06/08/2011 03:48:04 PM 807 Views
Does Timmy G play sax like his brother Kenny? *NM* TaskmasterJack - 06/08/2011 01:11:17 PM 453 Views
Fun fact - I dated in HS Kenny G's niece..... trzaska2000 - 06/08/2011 03:13:52 PM 811 Views
Re: Fun fact - I dated in HS Kenny G's niece..... TaskmasterJack - 06/08/2011 04:50:35 PM 909 Views
Sadly, not that niece!!! *NM* trzaska2000 - 06/08/2011 06:40:39 PM 465 Views
S&P specifically cited GOP refusal to raise taxes among their reasons. Joel - 06/08/2011 03:10:22 PM 983 Views
Of course one could just read the actual S&P report Isaac - 06/08/2011 04:01:07 PM 981 Views
Sure. Joel - 06/08/2011 04:53:47 PM 991 Views
Right, ABC new's summary of the report is not the report Isaac - 06/08/2011 07:02:46 PM 1293 Views
Link works, but I'm not sure why you think it refutes snoops assessment or mine. Joel - 06/08/2011 08:35:10 PM 1086 Views
It doesn't refute it, it just isn't this simple distillation you're offering Isaac - 06/08/2011 09:23:33 PM 903 Views
It's more than half a sentence; I quoted several paragraphs. Joel - 06/08/2011 09:56:31 PM 789 Views
Well yes, after I gave you the report, I think I'm pretty obviously refering to before that Isaac - 06/08/2011 11:02:17 PM 809 Views
Before you and Joel continue on with dragging my name into this snoopcester - 06/08/2011 11:47:00 PM 914 Views
That's the trouble with a highly partisan environment: Joel - 07/08/2011 01:37:57 AM 931 Views
Before that I was referring to the paragraphs quoted in the ABC report. Joel - 07/08/2011 01:21:18 AM 1224 Views
not really random thoughts - 06/08/2011 10:15:32 PM 856 Views
"the mix of spending and revenue measures" Joel - 06/08/2011 10:23:06 PM 933 Views
So you read the statement that they take no posistion as they take the dem position? random thoughts - 07/08/2011 04:51:58 AM 935 Views
I read a "mix" to be a mix. Joel - 09/08/2011 12:14:35 AM 849 Views
So in other words you just ignore the actaull words and read it say what you want it to say *NM* random thoughts - 09/08/2011 02:07:57 PM 521 Views
A mix of something and nothing is impossible; one thing is one thing, not a mix. Joel - 09/08/2011 04:56:00 PM 1035 Views
Would 99.99% to 0.01% be a mix? random thoughts - 09/08/2011 06:25:08 PM 1115 Views
Yup, but 100% to 0% is not. Joel - 09/08/2011 06:35:13 PM 943 Views
They should all resign Praziquantel - 06/08/2011 05:47:56 PM 967 Views
US politicians are too busy fighting over who gets to play the fiddle. *NM* Nate - 06/08/2011 05:53:32 PM 471 Views
You are either really naive or just stupid. Which is it? *NM* everynametaken - 06/08/2011 06:31:58 PM 445 Views
Reply to everyone whining about the Tea Party..... trzaska2000 - 06/08/2011 06:58:40 PM 998 Views
When did Boehner agree to $800 billion in revenue increases?! Joel - 06/08/2011 08:49:51 PM 946 Views
Wait Wait Wait.... Dominic - 07/08/2011 05:31:20 AM 949 Views
In Jersey The Doctor - 07/08/2011 06:13:23 PM 1039 Views
would him resigning really help? Yunalesca - 07/08/2011 10:24:00 AM 894 Views
not as long as he has the high functioning moron Joe Biden as VP. random thoughts - 08/08/2011 12:34:32 AM 895 Views
In reality, its Congress (BOTH parties) AND the President who are to blame. MrFarstrider - 08/08/2011 01:59:13 AM 914 Views
40% is not a small tax increase and a small spending cut Roland00 - 09/08/2011 04:20:28 AM 791 Views
Why are people making a deal about the debt ceiling increase? Nate - 09/08/2011 03:42:13 PM 824 Views
We do have a debt ceiling for a reason random thoughts - 09/08/2011 04:05:59 PM 841 Views
Because, when you get down to it, the debt ceilings very existence was always a political threat. Joel - 09/08/2011 05:02:12 PM 794 Views
Ultimately, I'm forced to agree completely. Joel - 09/08/2011 05:09:19 PM 873 Views
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