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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 1553 Views
Que tonterías. Larry - 06/08/2011 04:23:49 AM 1095 Views
How... foolish? Ghavrel - 06/08/2011 05:13:30 AM 1106 Views
Sip Larry - 06/08/2011 05:38:15 AM 1085 Views
I took it to translate to "argument." *NM* rebelaessedai - 08/08/2011 01:27:55 AM 530 Views
A mí me parece que él no merece que le digas "usted", tampoco. Legolas - 06/08/2011 11:03:22 AM 886 Views
Verdad Larry - 06/08/2011 04:09:52 PM 1027 Views
Really? Amelia Pond - 06/08/2011 05:05:48 AM 1125 Views
Leaders have to lead..... trzaska2000 - 06/08/2011 05:18:21 AM 966 Views
Cuts aren't up to him, though. Great Lord of Chaos - 06/08/2011 05:37:50 AM 1001 Views
Yeah, sure, the President has no say or control.....good grief..... *NM* trzaska2000 - 06/08/2011 06:13:49 AM 533 Views
I did not say that. Great Lord of Chaos - 06/08/2011 06:51:35 AM 1070 Views
S&P didn't demand cuts, they demanded fiscal responsibility. Joel - 06/08/2011 03:18:10 PM 1247 Views
Obama caved spectacularly to avoid a default. Great Lord of Chaos - 06/08/2011 04:37:21 PM 1086 Views
Obama caved spectacularly to ease re-election. Joel - 06/08/2011 05:34:04 PM 1252 Views
and haters gotta hate..... *NM* Aisha - 06/08/2011 05:49:25 AM 509 Views
I admit it, I hate what Obama is doing to our country..... *NM* trzaska2000 - 06/08/2011 06:12:39 AM 539 Views
It's not Obama, but the Tea Party Amelia Pond - 06/08/2011 06:16:38 PM 1088 Views
The biggest? why that is pretty damn big!!! random thoughts - 09/08/2011 06:29:24 PM 1018 Views
you, it was the tea party republicans that caused this Roland00 - 06/08/2011 05:57:16 AM 1083 Views
Your momma is more to blame than the Tea Party..... trzaska2000 - 06/08/2011 06:12:05 AM 970 Views
S&P demanded more DEFICIT REDUCTION. Joel - 06/08/2011 03:55:19 PM 1111 Views
As ever your disinterest in facts seems to be central to your posting. snoopcester - 06/08/2011 11:34:20 AM 1063 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 947 Views
Does Timmy G play sax like his brother Kenny? *NM* TaskmasterJack - 06/08/2011 01:11:17 PM 523 Views
Fun fact - I dated in HS Kenny G's niece..... trzaska2000 - 06/08/2011 03:13:52 PM 947 Views
Re: Fun fact - I dated in HS Kenny G's niece..... TaskmasterJack - 06/08/2011 04:50:35 PM 1057 Views
Sadly, not that niece!!! *NM* trzaska2000 - 06/08/2011 06:40:39 PM 524 Views
S&P specifically cited GOP refusal to raise taxes among their reasons. Joel - 06/08/2011 03:10:22 PM 1137 Views
Of course one could just read the actual S&P report Isaac - 06/08/2011 04:01:07 PM 1116 Views
Sure. Joel - 06/08/2011 04:53:47 PM 1167 Views
Right, ABC new's summary of the report is not the report Isaac - 06/08/2011 07:02:46 PM 1462 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 1255 Views
It doesn't refute it, it just isn't this simple distillation you're offering Isaac - 06/08/2011 09:23:33 PM 1054 Views
It's more than half a sentence; I quoted several paragraphs. Joel - 06/08/2011 09:56:31 PM 932 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 953 Views
Before you and Joel continue on with dragging my name into this snoopcester - 06/08/2011 11:47:00 PM 1049 Views
That's the trouble with a highly partisan environment: Joel - 07/08/2011 01:37:57 AM 1079 Views
Before that I was referring to the paragraphs quoted in the ABC report. Joel - 07/08/2011 01:21:18 AM 1389 Views
not really random thoughts - 06/08/2011 10:15:32 PM 980 Views
"the mix of spending and revenue measures" Joel - 06/08/2011 10:23:06 PM 1084 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 1111 Views
I read a "mix" to be a mix. Joel - 09/08/2011 12:14:35 AM 996 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 587 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 1193 Views
Would 99.99% to 0.01% be a mix? random thoughts - 09/08/2011 06:25:08 PM 1261 Views
Yup, but 100% to 0% is not. Joel - 09/08/2011 06:35:13 PM 1083 Views
They should all resign Praziquantel - 06/08/2011 05:47:56 PM 1108 Views
US politicians are too busy fighting over who gets to play the fiddle. *NM* Nate - 06/08/2011 05:53:32 PM 531 Views
You are either really naive or just stupid. Which is it? *NM* everynametaken - 06/08/2011 06:31:58 PM 511 Views
Reply to everyone whining about the Tea Party..... trzaska2000 - 06/08/2011 06:58:40 PM 1143 Views
When did Boehner agree to $800 billion in revenue increases?! Joel - 06/08/2011 08:49:51 PM 1081 Views
Wait Wait Wait.... Dominic - 07/08/2011 05:31:20 AM 1148 Views
In Jersey The Doctor - 07/08/2011 06:13:23 PM 1223 Views
would him resigning really help? Yunalesca - 07/08/2011 10:24:00 AM 1048 Views
not as long as he has the high functioning moron Joe Biden as VP. random thoughts - 08/08/2011 12:34:32 AM 1029 Views
In reality, its Congress (BOTH parties) AND the President who are to blame. MrFarstrider - 08/08/2011 01:59:13 AM 1062 Views
40% is not a small tax increase and a small spending cut Roland00 - 09/08/2011 04:20:28 AM 934 Views
Why are people making a deal about the debt ceiling increase? Nate - 09/08/2011 03:42:13 PM 962 Views
We do have a debt ceiling for a reason random thoughts - 09/08/2011 04:05:59 PM 994 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 934 Views
Ultimately, I'm forced to agree completely. Joel - 09/08/2011 05:09:19 PM 1004 Views
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