Thread: Economics The Fiscal Cliff Approacheth
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Old 12-03-2012, 08:28 PM   #359
patteeu patteeu is offline
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Quote:
Originally Posted by BigRedChief View Post
The American people voted to raise taxes on the rich to provide the revenue part of a balanced approach.

Yes, we should do away with the stupid ass debt ceiling votes that have become political tools. We already spent the money. We have to pay the money back. We don't save a single penny on these battles, Not one thin dime. We already got our credit downgraded last time. It's costing us $39 billion more in interest. That was really smart.

If you are really interested in getting the federal government to live within its means. Get a balanced budget amendment passed.

Until then, we borrowed the money, we must pay it back.
The debt ceiling doesn't prevent the government from paying it's debts, I prevents government from making new debt.
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