Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > Washington DC & Vatican City

View Poll Results: Should the debt ceiling be eliminated?
Yes, the president should be able to borrow what he thinks is necessary 10 24.39%
No, Congress should have a say in what we borrow 29 70.73%
gaz says he doesn't know or care 2 4.88%
Voters: 41. You may not vote on this poll

Reply
 
Thread Tools Display Modes
Old 12-06-2012, 05:13 PM   Topic Starter
mlyonsd mlyonsd is offline
Supporter
 
Join Date: Aug 2000
Location: Spink, SD
Casino cash: $17884
Should the debt ceiling be eliminated?

The Obama administration has suggested eliminating the debt ceiling which would allow the executive branch to borrow how much money they want.

Good idea or not?
Posts: 26,099
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 12-06-2012, 05:16 PM   #2
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $10982
Quote:
Originally Posted by mlyonsd View Post
The Obama administration has suggested eliminating the debt ceiling which would allow the executive branch to borrow how much money they want.

Good idea or not?
Yes.

One correction though, it doesn't allow the executive to borrow "how much money they want", it allows them to borrow exactly the amount of deficit spending already passed by Congress. Congress passed the deficit, requiring them to pass another bill allowing the Treasury to fund that deficit is pointless and antiquated.

No other country has a "debt ceiling" and it serves absolutely no purpose other than destabilizing markets. Eliminate it.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,637
FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 12-06-2012, 05:56 PM   #3
BigRedChief BigRedChief is offline
Brainwashed
 
BigRedChief's Avatar
 

Join Date: Dec 2003
Location: Swims with fishes
Casino cash: $30033
VARSITY
Quote:
Originally Posted by FD View Post
No other country has a "debt ceiling" and it serves absolutely no purpose other than destabilizing markets. Eliminate it.
It's a totally ****ed up idea. We pay the money that we owe. We don't default on our loans.

R's, you want to quit spending money, your in control of Congress. GIT-R-DONE.
__________________
About the washed up Brady before the Super Bowl
Quote:
Originally Posted by Numbah One View Post
Just wait. He's about to be raped by the Seahawks.
Posts: 46,298
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
  Reply With Quote
Old 12-07-2012, 07:13 AM   #4
Ace Gunner Ace Gunner is offline
First Overall
 
Ace Gunner's Avatar
 

Join Date: Jan 2011
Location: kcmo
Casino cash: $7371
Quote:
Originally Posted by BigRedChief View Post
It's a totally ****ed up idea. We pay the money that we owe. We don't default on our loans.

R's, you want to quit spending money, your in control of Congress. GIT-R-DONE.
b-b-b-b-b-but that dem president
__________________
The Greatest
Posts: 10,581
Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.
  Reply With Quote
Old 12-06-2012, 05:19 PM   #5
cosmo20002 cosmo20002 is offline
Debunking your bullshit
 
cosmo20002's Avatar
 

Join Date: Aug 2002
Location: KC area
Casino cash: $45125
Typical misleading framing of the issue. It is not about borrowing as much as someone wants. It is about paying bills that are due.
__________________
Quote:
Originally Posted by petegz28 View Post
Did planes hit the 2 WTC towers? Yes. Ah but were they the airliners we were told they were? Evidence and physics seems to say NO!

What about the Pentagon?? Again it appears it would...defy physics.
Posts: 24,053
cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.
  Reply With Quote
Old 12-06-2012, 05:24 PM   #6
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 

Join Date: Oct 2006
Location: Springpatch
Casino cash: $33407
This is one of the few polls I can actually vote on, because the phrasing of the issue in the poll is well done, and the answer on this issue is so clear.

It should absolutely be eliminated.
__________________
Posts: 48,074
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 12-06-2012, 05:51 PM   #7
BigRedChief BigRedChief is offline
Brainwashed
 
BigRedChief's Avatar
 

Join Date: Dec 2003
Location: Swims with fishes
Casino cash: $30033
VARSITY
BS poll worded to get the response of the R's. The president doesn't get to spend shit without Congressional approval.

It's paying back the money that was spent by Congress. R's control congress, correct? You don;t want to spend more money? The R's control Congress and Congress controls the money.

This debt ceiling debacle of last summer was pathetic. We already spent the money. We are only talking about paying it back. There is no way in hell that Obama will be dragged into another debacle like last year. The country won't stand for it.
__________________
About the washed up Brady before the Super Bowl
Quote:
Originally Posted by Numbah One View Post
Just wait. He's about to be raped by the Seahawks.
Posts: 46,298
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
  Reply With Quote
Old 12-07-2012, 07:09 AM   #8
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $6308
Quote:
Originally Posted by BigRedChief View Post
BS poll worded to get the response of the R's. The president doesn't get to spend shit without Congressional approval.

It's paying back the money that was spent by Congress. R's control congress, correct? You don;t want to spend more money? The R's control Congress and Congress controls the money.

This debt ceiling debacle of last summer was pathetic. We already spent the money. We are only talking about paying it back. There is no way in hell that Obama will be dragged into another debacle like last year. The country won't stand for it.
Again, debt ceiling votes are specifically about borrowing money, not about paying it back.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,847
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 12-07-2012, 07:10 AM   #9
dirk digler dirk digler is offline
Please squeeze
 
dirk digler's Avatar
 

Join Date: Jul 2003
Location: Clinton, MO
Casino cash: $19125
Quote:
Originally Posted by patteeu View Post
Again, debt ceiling votes are specifically about borrowing money, not about paying it back.
It is for money Congress\POTUS has already approved. It is useless
Posts: 49,784
dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.
  Reply With Quote
Old 12-07-2012, 07:13 AM   #10
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $6308
Quote:
Originally Posted by dirk digler View Post
It is for money Congress\POTUS has already approved. It is useless
I assume you mean "spending".
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,847
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 12-07-2012, 07:39 AM   #11
dirk digler dirk digler is offline
Please squeeze
 
dirk digler's Avatar
 

Join Date: Jul 2003
Location: Clinton, MO
Casino cash: $19125
Quote:
Originally Posted by patteeu View Post
I assume you mean "spending".
sure. Still pointless.
Posts: 49,784
dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.dirk digler has enough rep power to blowy ou to bits.
  Reply With Quote
Old 12-07-2012, 08:28 AM   #12
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $10982
Quote:
Originally Posted by patteeu View Post
Again, debt ceiling votes are specifically about borrowing money, not about paying it back.
With debt payments needing to regularly roll over, if Congress doesn't pass a bill slashing appropriations to meet revenue minus interest, and if they also don't approve a debt ceiling increase, then it is about paying it back. They are typically debating just the ceiling half, which means if they dont pass it we default on the debts we owe.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,637
FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 12-07-2012, 09:00 AM   #13
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $6308
Quote:
Originally Posted by FD View Post
With debt payments needing to regularly roll over, if Congress doesn't pass a bill slashing appropriations to meet revenue minus interest, and if they also don't approve a debt ceiling increase, then it is about paying it back. They are typically debating just the ceiling half, which means if they dont pass it we default on the debts we owe.
In a scenario where the debt ceiling hasn't been adequately increased, the executive branch can make debt service the top priority for available funds and avoid default.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,847
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 12-07-2012, 09:02 AM   #14
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $10982
Quote:
Originally Posted by patteeu View Post
In a scenario where the debt ceiling hasn't been adequately increased, the executive branch can make debt service the top priority for available funds and avoid default.
I doubt that would be legal, in the long run.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,637
FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 12-07-2012, 01:36 PM   #15
FishingRod FishingRod is online now
Veteran
 

Join Date: Mar 2006
Casino cash: $13281
Quote:
Originally Posted by FD View Post
With debt payments needing to regularly roll over, if Congress doesn't pass a bill slashing appropriations to meet revenue minus interest, and if they also don't approve a debt ceiling increase, then it is about paying it back. They are typically debating just the ceiling half, which means if they dont pass it we default on the debts we owe.
I think that is the point of the Grandstanding by the conservatives last time. When all we have to do is borrow and borrow and borrow no one pays attention to the bills racking up but, if something had to get cut to pay for the other expenses, people might actually notice. Obviously we need to pay our bills but at some point we are going to have to have some correlation between revenue and expenditures.
Posts: 3,586
FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FishingRod Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 11:03 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2015, vBulletin Solutions, Inc.