Debt Limit Bottom Line

#326
#326
For the gang of 12...As much as I hate Reid, I would definitely rather Reid get to choose all 6 democrats than Pelosi getting 3. I'd also rather see no tea party members on it. I still see little hope in tax reform and massive cuts. (Avoid using the phrase "kick the can down the road").
 
#327
#327
Weezy said:
For the gang of 12...As much as I hate Reid, I would definitely rather Reid get to choose all 6 democrats than Pelosi getting 3. I'd also rather see no tea party members on it. I still see little hope in tax reform and massive cuts. (Avoid using the phrase "kick the can down the road").
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You see no hope for tax cuts BUT you want no tea party members in it???

You do realize we are the ONLY F'N reason this bill even has the pathetic cuts in it that it does.
 
#328
#328
Best move ever would be going to real accounting rather than the fantasy approach our gov. uses.
 
#330
#330
GOP promises no tax increases from new committee. I'm not saying tax increases are needed, but if the Dems come out swinging as well, you might as well just scrap the idea.
 
#332
#332
Weezy said:
GOP promises no tax increases from new committee. I'm not saying tax increases are needed, but if the Dems come out swinging as well, you might as well just scrap the idea.
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the key is revenue increases rather than tax increases - my bet is the GOP is receptive to that.

problem is CBO uses static scoring on tax changes so a reduction in rates (along with loophole closing) may get shown as reduction in revenues in a CBO score even if it results in increased revenues to the Treasury. It is a CBO scoring rule.
 
#333
#333
Okay. Who actually believes the 14 trillion dollar debt will ever be paid off?

Anyone think we could even manage to get it below 10 trillion?
 
#342
#342
myrobbins7 said:
About that debt limit...US borrowing to surge after debt cap raised - Yahoo! News
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Well at least they will have a $100 Billion cash balance at the end of the year. I know I would be happy with $100 Billion cash in my piggy bank, so that is probably ample for the reserve.

BTW, it is very alarming (although it was previously contrived) that borrowing is going UP by 3/5 of a Trillion dollars for the remainder of the year immediately following the debt ceiling being raised. It is like the treasury is living paycheck to paycheck, except instead of paychecks they get more borrowing power. So dumb.
 
#344
#344
they should at least act like they're trying. This stuff is just getting stupid now
 
#346
#346
Man they just act clueless up there anymore. How did they let it get to this point? How can you just keep spending money you don't have? I don't get it guys i just don't.
 
#347
#347
Cartervol said:
Man they just act clueless up there anymore. How did they let it get to this point? How can you just keep spending money you don't have? I don't get it guys i just don't.
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I don't think it's Gibbs style cluelessness. I just think they don't give a shat. It's someone else's problem and each is waiting for everyone else to fix it as they keep buying votes shamelessly. There is no accountability since everyone gets to point at all the rest of the guys and claim that they were just looking out for their constituents.

Only fix I see is staggered term limits with a non-voting, but permanent, procedural staff. At least some of the vote buying would be limited. It wouldn't go away, but would taper drastically.
 
#348
#348
BigPapaVol said:
I don't think it's Gibbs style cluelessness. I just think they don't give a shat. It's someone else's problem and each is waiting for everyone else to fix it as they keep buying votes shamelessly. There is no accountability since everyone gets to point at all the rest of the guys and claim that they were just looking out for their constituents.

Only fix I see is staggered term limits with a non-voting, but permanent, procedural staff. At least some of the vote buying would be limited. It wouldn't go away, but would taper drastically.
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I like the idea. I think you would just about have to turn Congress over completely to get it too that point. Imagine that, a Congress that actually works for the people they represent. Sad what it has become up there.
 
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