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Title: Reid wants to hike debt limit by another trillion
Post by: dario73 on October 09, 2013, 11:31:28 AM

Senate Majority Leader Harry Reid (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election.

Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion.

The administration estimates the nation would hit the upper bounds of its $16.7 trillion debt ceiling on Oct. 17, although in recent days, experts have said that deadline might be flexible.

Senate Republican Leader Mitch McConnell (Ky.) blasted Reid’s proposal for not including any spending reform.

“What he proposes is to raise the debt limit by $1 trillion but not do anything about the debt,” McConnell said. “Not a single reform to get spending under control. We’ve got a debt close to $17 trillion.

“Washington is borrowing nearly $2 billion — a day. And he’s fine with that,” he added.



Read more: http://thehill.com/blogs/on-the-money/budget/327363-reid-wants-1t-debt-hike-to-end-of-2014#ixzz2hFcY7Jxh
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Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 09, 2013, 11:36:49 AM
Senate Majority Leader Harry Reid (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election.

Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion.

The administration estimates the nation would hit the upper bounds of its $16.7 trillion debt ceiling on Oct. 17, although in recent days, experts have said that deadline might be flexible.

Senate Republican Leader Mitch McConnell (Ky.) blasted Reid’s proposal for not including any spending reform.

“What he proposes is to raise the debt limit by $1 trillion but not do anything about the debt,” McConnell said. “Not a single reform to get spending under control. We’ve got a debt close to $17 trillion.

“Washington is borrowing nearly $2 billion — a day. And he’s fine with that,” he added.



Read more: http://thehill.com/blogs/on-the-money/budget/327363-reid-wants-1t-debt-hike-to-end-of-2014#ixzz2hFcY7Jxh
Follow us: @thehill on Twitter | TheHill on Facebook

Hi, explain in your own words the problems with borrowing and why 1 trillion is an issue.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: dario73 on October 09, 2013, 12:01:26 PM
Hi, explain in your own words the problems with borrowing and why 1 trillion is an issue.

Two reasons why I am not explaining this to you "in my words".

First reason is you don't live in this country. This problem doesn't concern you.

Second, if you have to ask why increasing the government's ability to borrow even more, at a time when the economy is in the toilet, is a problem then there is no hope for you.

This is the last response from me to you. You are a foreigner. Enough said.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Dos Equis on October 09, 2013, 12:14:10 PM
Doh!
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 09, 2013, 01:11:00 PM
Two reasons why I am not explaining this to you "in my words".

First reason is you don't live in this country. This problem doesn't concern you.

Second, if you have to ask why increasing the government's ability to borrow even more, at a time when the economy is in the toilet, is a problem then there is no hope for you.

This is the last response from you to you. You are a foreigner. Enough said.

Just what I thought, more bullshit and indicating that I couldn't possibly understand basic economics.

Your last sentence makes no fucking sense, your implying I am talking to myself and that I won't respond to myself any further? or is it your just a fucking mental midget?
Title: Re: Reid wants to hike debt limit by another trillion
Post by: headhuntersix on October 09, 2013, 01:35:18 PM
See....you like to assume we're all American idiots, those on the Right. I assume you're a stupid fucking foreigner, faking his medical credentials and that your opinion doesn't matter.  If you don't see the problme with borrowing even more money then much like what was posted earlier, I can't help you. In simple no phD language...we're fucking broke. If its not expressly writen in the Constitution as a job of the Feb, we should not be doing it. We have states for that. Giving people heathcare that they're forced to pay for is ridiculous. Either go single payer, or stop the nonsense. We're not Canada, the UK or Norway. We have far to many people to pull this off. The only thing that works in this country is the military and certain parts of the DOJ, and thats marginal success at best in both cases. The damm websites don't work and they've known about this how long....I though Barry was best buds with silicon valley and that facebook fag.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: whork on October 09, 2013, 03:44:42 PM
See....you like to assume we're all American idiots, those on the Right.

I thought you were actually no dumber than everyone else.
Then i started to post here and read what people like you, 333/Soul, dario etc post here.
Now i know you are idiots. And so does everyone but yourself.




 I assume you're a stupid fucking foreigner, faking his medical credentials and that your opinion doesn't matter.  If you don't see the problme with borrowing even more money then much like what was posted earlier, I can't help you. In simple no phD language...we're fucking broke. If its not expressly writen in the Constitution as a job of the Feb, we should not be doing it. We have states for that. Giving people heathcare that they're forced to pay for is ridiculous. Either go single payer, or stop the nonsense. We're not Canada, the UK or Norway. We have far to many people to pull this off. The only thing that works in this country is the military and certain parts of the DOJ, and thats marginal success at best in both cases. The damm websites don't work and they've known about this how long....I though Barry was best buds with silicon valley and that facebook fag.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Fury on October 09, 2013, 04:23:39 PM


Blacken, everyone considers you to be among the dumbest people on here. For fuck's sake, your posts read like they were written by someone in grammar school, you incoherent twat.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 10, 2013, 10:01:26 AM
See....you like to assume we're all American idiots, those on the Right. I assume you're a stupid fucking foreigner, faking his medical credentials and that your opinion doesn't matter.  If you don't see the problme with borrowing even more money then much like what was posted earlier, I can't help you. In simple no phD language...we're fucking broke. If its not expressly writen in the Constitution as a job of the Feb, we should not be doing it. We have states for that. Giving people heathcare that they're forced to pay for is ridiculous. Either go single payer, or stop the nonsense. We're not Canada, the UK or Norway. We have far to many people to pull this off. The only thing that works in this country is the military and certain parts of the DOJ, and thats marginal success at best in both cases. The damm websites don't work and they've known about this how long....I though Barry was best buds with silicon valley and that facebook fag.

You have been "broke " for a longtime then and your zeal is misplaced. This is only hurting the economy, thus, it's a stupid approach. No business person would agree this is the way to run a business.

Hurting the economy while be concerned for it's well-being is either a state of delusion or idiocy, which one are you?
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 10, 2013, 10:04:27 AM
See....you like to assume we're all American idiots, those on the Right. I assume you're a stupid fucking foreigner, faking his medical credentials and that your opinion doesn't matter.  If you don't see the problme with borrowing even more money then much like what was posted earlier, I can't help you. In simple no phD language...we're fucking broke. If its not expressly writen in the Constitution as a job of the Feb, we should not be doing it. We have states for that. Giving people heathcare that they're forced to pay for is ridiculous. Either go single payer, or stop the nonsense. We're not Canada, the UK or Norway. We have far to many people to pull this off. The only thing that works in this country is the military and certain parts of the DOJ, and thats marginal success at best in both cases. The damm websites don't work and they've known about this how long....I though Barry was best buds with silicon valley and that facebook fag.

I don't assume everyone on the right is dumb, that notion itself is moronic. Some of the smartest people in the world are conservatives, unfortunately none of them are in the tea party.

Bachmann runs a GAY CONVERSION CLINIC. a GAY CONVERSION CLINIC...... enough said?
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Shockwave on October 10, 2013, 10:05:20 AM
See....you like to assume we're all American idiots, those on the Right. I assume you're a stupid fucking foreigner, faking his medical credentials and that your opinion doesn't matter.  If you don't see the problme with borrowing even more money then much like what was posted earlier, I can't help you. In simple no phD language...we're fucking broke. If its not expressly writen in the Constitution as a job of the Feb, we should not be doing it. We have states for that. Giving people heathcare that they're forced to pay for is ridiculous. Either go single payer, or stop the nonsense. We're not Canada, the UK or Norway. We have far to many people to pull this off. The only thing that works in this country is the military and certain parts of the DOJ, and thats marginal success at best in both cases. The damm websites don't work and they've known about this how long....I though Barry was best buds with silicon valley and that facebook fag.
Agreed on all counts. .. especially either go single payer or not at all. OBAMACARE is a travesty that literally only exists to benefit the insurance companies, which is complete horseshit and obama and his constituents knew it every step of the way.

We have to pass it to find out whats in it.... what a fucking joke.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 10, 2013, 10:11:19 AM
Agreed on all counts. .. especially either go single payer or not at all. OBAMACARE is a travesty that literally only exists to benefit the insurance companies, which is complete horseshit and obama and his constituents knew it every step of the way.

We have to pass it to find out whats in it.... what a fucking joke.

Explain how it's a travesty in your own words. I have been asking for someone on the opposing side to articulate the details of their disgust but so far no one has said anything other then "you can't understand, it's American politics, it's our economy etc." ie.. bullshit.

You don't have to pass shit to see what's in it, just like bears you probably didn't do your due diligence and now are blindsided.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Shockwave on October 10, 2013, 10:22:51 AM
Explain how it's a travesty in your own words. I have been asking for someone on the opposing side to articulate the details of their disgust but so far no one has said anything other then "you can't understand, it's American politics, it's our economy etc." ie.. bullshit.

You don't have to pass shit to see what's in it, just like bears you probably didn't do your due diligence and now are blindsided.
Shut up canuck, I told you in the other thread I dont engage you anymire.

True Adonis (a very staunch supporter of Obama and a national healthcare system) has gone over it a million times..... go search through his post history, because no one cares to actually write it all down so you can plug your ears and shut your eyes because it doesnt agree with your opinion.

I was all for single payer.... but forcing citizens into commerce with a select group of private insurers while skyrocketing costs for everyone is bullshit, whether you want to admit it or not.

I got a decent raise this year. ... wiped the fuck out by my insurance premiums going through the roof thanks to this fucking program. ... so eat a dick.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 10, 2013, 10:28:43 AM
Shut up canuck, I told you in the other thread I dont engage you anymire.

True Adonis (a very staunch supporter of Obama and a national healthcare system) has gone over it a million times..... go search through his post history, because no one cares to actually write it all down so you can plug your ears and shut your eyes because it doesnt agree with your opinion.

I was all for single payer.... but forcing citizens into commerce with a select group of private insurers while skyrocketing costs for everyone is bullshit, whether you want to admit it or not.

I got a decent raise this year. ... wiped the fuck out by my insurance premiums going through the roof thanks to this fucking program. ... so eat a dick.

Now you are telling me to go through others post history because the evidence is there, I will take your word for it. Are you tony? he has a drug problem too and also directs others to support his claims.

I could give a fuck what anyone else on this board thinks, prove it. Obama could come on here and say it is a bad idea, I would ask for proof.

Also, thanks for engaging me to tell me that you have stopped engaging me. I honestly feel like I am playing with a child on this board. Not one person on the "other" side is rational and none are highly intelligent. However, I would argue that polarization is inversely related with IQ.

If you would like to explain inverse correlations let me know. PM me if you need to, to save face. I won't tell
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Shockwave on October 10, 2013, 10:37:31 AM
Now you are telling me to go through others post history because the evidence is there, I will take your word for it. Are you tony? he has a drug problem too and also directs others to support his claims.

I could give a fuck what anyone else on this board thinks, prove it. Obama could come on here and say it is a bad idea, I would ask for proof.

Also, thanks for engaging me to tell me that you have stopped engaging me. I honestly feel like I am playing with a child on this board. Not one person on the "other" side is rational and none are highly intelligent. However, I would argue that polarization is inversely related with IQ.

If you would like to explain inverse correlations let me know. PM me if you need to, to save face. I won't tell
yeah I kinda wandered off on that post... I wasnt going to actually post anything but for some reason I kept typing.

Anyway, proof for you is anything you agree with. Anything you dont y9u disregard, so again, im not wasting my time.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 10, 2013, 10:49:39 AM
yeah I kinda wandered off on that post... I wasnt going to actually post anything but for some reason I kept typing.

Anyway, proof for you is anything you agree with. Anything you dont y9u disregard, so again, im not wasting my time.

Ya that's me. You are wasting your time posting anyway, might as well educate me.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: whork on October 13, 2013, 03:11:58 PM
Blacken, everyone considers you to be among the dumbest people on here. For fuck's sake, your posts read like they were written by someone in grammar school, you incoherent twat.

333/Soul you might not like my grammar but your wife does.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Roger Bacon on October 13, 2013, 03:54:47 PM
Hi, explain in your own words the problems with borrowing and why 1 trillion is an issue.

We desperately need to shrink the federal government.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: scottt on October 13, 2013, 05:28:58 PM
They should just make it an even 20 trillion.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: syntaxmachine on October 13, 2013, 07:24:18 PM
Optimally, there wouldn't be a debt ceiling at all: Congress will always raise the ceiling to continue its profligate ways; the only marginal effects are those associated with brinksmanship, all negative.

Not that I know either way, but the way German law is set up (to be implemented in 2016) sounds better: constitutionally cap the growth in spending by limiting the size of the deficit. It could be set at 0.25% less than GDP growth or some such, with an exception clause for drastic emergencies -- something the Germans have as well.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: tonymctones on October 14, 2013, 05:41:41 AM
Optimally, there wouldn't be a debt ceiling at all: Congress will always raise the ceiling to continue its profligate ways; the only marginal effects are those associated with brinksmanship, all negative.

Not that I know either way, but the way German law is set up (to be implemented in 2016) sounds better: constitutionally cap the growth in spending by limiting the size of the deficit. You could even make it variable, like 0.25% less than GDP growth or some such, with an exception clause for drastic emergencies -- something the Germans have as well.
I like the idea, I think something needs to be put in place in rare instances where they govt needs to outspend GDP but the overall idea is very good.

you would have a shit ton of issues getting passed here in the states though b/c politicians on both sides would need to let go of their sacred lambs like social programs and defense spending.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 14, 2013, 11:51:09 AM
I like the idea, I think something needs to be put in place in rare instances where they govt needs to outspend GDP but the overall idea is very good.

you would have a shit ton of issues getting passed here in the states though b/c politicians on both sides would need to let go of their sacred lambs like social programs and defense spending.
Socialist
Title: Re: Reid wants to hike debt limit by another trillion
Post by: tonymctones on October 14, 2013, 12:17:17 PM
Socialist
yes yes moron not running deficits is socialist
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 15, 2013, 01:56:22 PM
yes yes moron not running deficits is socialist

Cool, so you like Obama, the man who has reduced the deficit at record pace.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: tonymctones on October 15, 2013, 04:49:42 PM
Cool, so you like Obama, the man who has reduced the deficit at record pace.

per the usual for you, your comments are full of half truths and silver linings.

obama also raised the deficit higher and faster than any other president. You dont get credit for cutting your spending by 10K when you raised it 100K right before.

DUMB ASS!
Title: Re: Reid wants to hike debt limit by another trillion
Post by: mogulgangi on October 15, 2013, 09:04:41 PM
Cool, so you like Obama, the man who has reduced the deficit at record pace.



Necrosis you a dumb useless human being if you believe having no debt resolution alternatives is a good thing..god dammit you must be some rich fuking dumbass spoiled brat...we in America like to run cash flow positive things unlike you Europeans fucks...we about making money...debt is good if leveraged correctly..this is a fundamental of economics and debt is widely used in private equity and hedge funds..private equity companies run this world and the stupid house you live in..debt used incorrectly should be corrected..what the democrats are doing is wrong..democrats aren't that stupid, they know it sucks and will further indebt us but the lobbyist for health insurance companies are pushing and buying them so they can profit on new subscribers...

Idiot
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Coach is Back! on October 15, 2013, 09:10:09 PM
Two reasons why I am not explaining this to you "in my words".

First reason is you don't live in this country. This problem doesn't concern you.

Second, if you have to ask why increasing the government's ability to borrow even more, at a time when the economy is in the toilet, is a problem then there is no hope for you.

This is the last response from me to you. You are a foreigner. Enough said.

Wait, Necrosis isn't from this country? Where ishe from?
Title: Re: Reid wants to hike debt limit by another trillion
Post by: James28 on October 16, 2013, 12:35:41 AM
Explain how it's a travesty in your own words. I have been asking for someone on the opposing side to articulate the details of their disgust but so far no one has said anything other then "you can't understand, it's American politics, it's our economy etc." ie.. bullshit.

You don't have to pass shit to see what's in it, just like bears you probably didn't do your due diligence and now are blindsided.

That how Coach operates. He didn't explain in any detail his disgust. He just posts something like this; 'LOL, we told you this years ago. The left just doesn't want to know. We told you this Kenyan wanted to destroy this country. Ever step along the way he fucks up. He's unAmerican. LOL'

He doesn't say anything of worth as he doesn't know what's going on.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Necrosis on October 19, 2013, 01:19:06 PM

Necrosis you a dumb useless human being if you believe having no debt resolution alternatives is a good thing..god dammit you must be some rich fuking dumbass spoiled brat...we in America like to run cash flow positive things unlike you Europeans fucks...we about making money...debt is good if leveraged correctly..this is a fundamental of economics and debt is widely used in private equity and hedge funds..private equity companies run this world and the stupid house you live in..debt used incorrectly should be corrected..what the democrats are doing is wrong..democrats aren't that stupid, they know it sucks and will further indebt us but the lobbyist for health insurance companies are pushing and buying them so they can profit on new subscribers...

Idiot

Ya I am the idiot who doesn't know the difference between the debt and deficit. The rest is a fucking mess, I am not European and you sound like a paranoid nut case.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: RRKore on October 19, 2013, 03:03:18 PM
See....you like to assume we're all American idiots, those on the Right. I assume you're a stupid fucking foreigner, faking his medical credentials and that your opinion doesn't matter.  If you don't see the problme with borrowing even more money then much like what was posted earlier, I can't help you. In simple no phD language...we're fucking broke. If its not expressly writen in the Constitution as a job of the Feb, we should not be doing it. We have states for that. Giving people heathcare that they're forced to pay for is ridiculous. Either go single payer, or stop the nonsense. We're not Canada, the UK or Norway. We have far to many people to pull this off. The only thing that works in this country is the military and certain parts of the DOJ, and thats marginal success at best in both cases. The damm websites don't work and they've known about this how long....I though Barry was best buds with silicon valley and that facebook fag.

Serious question: Do most righties really prefer single payer to ACA?  Or is it just the righties on GB? 
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Roger Bacon on October 19, 2013, 03:23:48 PM
Serious question: Do most righties really prefer single payer to ACA?  Or is it just the righties on GB?  

I think Single-payer makes more sense, and wouldn't be so conflicting with our constitutional rights.

The best plan though, would be to address the real problem so everyone can pay for their own healthcare. Taking over healthcare isn't about helping people, you all know politicians and the powers that be could give a shit less about peoples lives, and health look at Iraq.  

It's about power and control, anyone that can't see that is a fool.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Mr.1derful on October 19, 2013, 03:53:10 PM
Cool, so you like Obama, the man who has reduced the deficit at record pace.


He has reduced nothing.  The so called reduction is an accounting slight of hand.
Title: Re: Reid wants to hike debt limit by another trillion
Post by: Shockwave on October 19, 2013, 06:51:37 PM
Serious question: Do most righties really prefer single payer to ACA?  Or is it just the righties on GB? 
ironically I support single payer over the ACA.

its a law to force citizens into commerce with private business or be fined.