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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

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Old 12-06-2012, 06:13 PM  
mlyonsd mlyonsd is online now
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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?
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Old 12-06-2012, 06:16 PM   #2
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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.
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Old 12-06-2012, 06:19 PM   #3
cosmo20002 cosmo20002 is offline
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Typical misleading framing of the issue. It is not about borrowing as much as someone wants. It is about paying bills that are due.
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Old 12-06-2012, 06:24 PM   #4
Direckshun Direckshun is offline
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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.
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Old 12-06-2012, 06:51 PM   #5
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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.
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Old 12-06-2012, 06:56 PM   #6
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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.
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Old 12-06-2012, 06:58 PM   #7
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Successful businesses and successful households have a debt limit.
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Old 12-06-2012, 07:00 PM   #8
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Quote:
Originally Posted by theelusiveeightrop View Post
Successful businesses and successful households have a debt limit.
And a ****ing budget which none of these jokers in DC think is important
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Old 12-06-2012, 07:04 PM   #9
cosmo20002 cosmo20002 is offline
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Quote:
Originally Posted by theelusiveeightrop View Post
Successful businesses and successful households have a debt limit.
And a federal government is exactly the same thing.

And, those things really don't have a debt limit anyway.
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Old 12-06-2012, 07:04 PM   #10
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Quote:
Originally Posted by theelusiveeightrop View Post
Successful businesses and successful households have a debt limit.
No they dont. What the hell are you talking about?
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Old 12-06-2012, 07:14 PM   #11
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Quote:
Originally Posted by FD View Post
No they dont. What the hell are you talking about?
Sure they do. Go try to borrow 10 million dollars.
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Old 12-06-2012, 07:15 PM   #12
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Quote:
Originally Posted by stonedstooge View Post
And a ****ing budget which none of these jokers in DC think is important
Well said
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Old 12-06-2012, 07:16 PM   #13
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Quote:
Originally Posted by mlyonsd View Post
Sure they do. Go try to borrow 10 million dollars.
If you actually think thats a valid response then you have no idea what the debt ceiling is or how it works.
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Old 12-06-2012, 07:19 PM   #14
cosmo20002 cosmo20002 is offline
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Quote:
Originally Posted by mlyonsd View Post
Sure they do. Go try to borrow 10 million dollars.
So, that's a law, right?
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Old 12-06-2012, 07:23 PM   #15
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Why don't we just move to a monarchy? What's the point of checks-and-balances if people just want to eliminate them because they're inconvenient?
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