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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 offline
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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, 07:26 PM   #16
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Originally Posted by FD View Post
If you actually think thats a valid response then you have no idea what the debt ceiling is or how it works.
You don't think every business has a limit where no one will lend them more money?
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Old 12-06-2012, 07:29 PM   #17
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Originally Posted by Taco John View Post
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?
The checks and balances are already in place for spending. Paying accrued bills should not be a matter for debate and playing politics.
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Old 12-06-2012, 07:31 PM   #18
mlyonsd mlyonsd is offline
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Originally Posted by cosmo20002 View Post
So, that's a law, right?
Yeah I'm pretty sure there's a law in there somewhere that limits a bank from how much money they can borrow to pay for debts they have achieved.
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Old 12-06-2012, 07:42 PM   #19
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Yeah, I think it makes us grasp where we're at with things. It seems like a good idea, but I haven't done much studying on it.
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Old 12-06-2012, 07:46 PM   #20
cosmo20002 cosmo20002 is offline
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Originally Posted by mlyonsd View Post
Yeah I'm pretty sure there's a law in there somewhere that limits a bank from how much money they can borrow to pay for debts they have achieved.
You are obviously clueless (or pretending to be for some reason) about the issues relevant to the so-called "debt ceiling." As stated before, it is about paying bills for debts already owed.
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Old 12-06-2012, 07:49 PM   #21
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Yes it should be eliminated for many of the reasons others have stated above. It really makes no sense.
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Old 12-06-2012, 08:01 PM   #22
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Originally Posted by dirk digler View Post
Yes it should be eliminated for many of the reasons others have stated above. It really makes no sense.
that's why it was no big deal to raise it. Almost always a 98-1 vote. Until the tea party decided to make it a political tool to bash the Dems.
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Old 12-06-2012, 08:05 PM   #23
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Originally Posted by mlyonsd View Post
You don't think every business has a limit where no one will lend them more money?
You don't think governments do as well? If the lenders no longer have faith in the US as a borrower, they'll refuse to lend or make it so expensive that it becomes impractical.
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Old 12-06-2012, 08:10 PM   #24
BigRedChief BigRedChief is offline
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You don't think governments do as well? If the lenders no longer have faith in the US as a borrower, they'll refuse to lend or make it so expensive that it becomes impractical.
The U.S. government is the safest bet in the world.

If the USA goes down, the world will follow.
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Old 12-06-2012, 08:16 PM   #25
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Originally Posted by mlyonsd View Post
You don't think every business has a limit where no one will lend them more money?
They do, but other than the word "debt", that has absolutely nothing to do with a statutory debt ceiling.
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Old 12-06-2012, 08:21 PM   #26
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The U.S. government is the safest bet in the world.

If the USA goes down, the world will follow.
Yeah, of course. There's just no logical replacement. That's why it's insane to be messing with default.


I'm all for a discussion/fight over the deficit. And there are ways to do it with a gun point at your head, if that's your thing (government shutdown, for one), but to use the debt limit...
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Old 12-07-2012, 08:03 AM   #27
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We've nominated GOD out of existence, surely we can get rid of a false ceiling right? I know I want a credit card with no limit and shouldn't have to prove I can pay it back.
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Old 12-07-2012, 08:06 AM   #28
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No, the President shouldn't be able to borrow whatever he wants.

The debt ceiling mechanism might be an unnecessary anachronism and I'm not necessarily against doing away with it, but if nothing else, it can serve as a useful reminder to people about our ever-increasing debt. Maybe we should require a super-majority in Congress to approve any deficit-expanding appropriation instead.
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Old 12-07-2012, 08:09 AM   #29
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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.
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Old 12-07-2012, 08:10 AM   #30
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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
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