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Author Topic: "Raising the debt ceiling does not increase our debt"  (Read 325 times)
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Getbig V
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« on: September 19, 2013, 06:17:27 AM »

You lefties sure did a great job, you now officially revoke his "genius" status and demote him to the fifth grade. lol

www.drudgereport.com

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dario73
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« Reply #1 on: September 20, 2013, 07:22:41 AM »

HEHEHEHE!

See, the democrats' spin on this, is that the money has already been spent. However, when the debt ceiling is increased it allows for more borrowing the following year. So this year it may not have an affect, but next year it is a whole different story.

In the long run, it does increase the debt.

That is the mind of the democratic party. Play with words. Play with statistics. Deflect. Come up with arguments that hide the huge problems that are on the horizon. Just look at how they try to make people believe that the economy is getting better. It's not getting better. There hasn't been any improvement and it's going to get worse as long as democrats with no real world experience, who just know how to recite back what they read in a Harvard law book, who promise to expand and add entitlement programs for the leeches, the lazy, and illegal immigrants continue to be elected.

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nasht5
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« Reply #2 on: September 20, 2013, 07:32:17 AM »

it is just like this:

you visa has a 5,000 dollar credit limit. you have 4,990 worth of charges on your visa. the bank raises your credit limit up to 7,500. So, no.... raising your credit limit does not increase your debt... your dumb ass charging more on the visa raises your debt.

and that is just what the dumbasses in washington will do. so, yes... it does raise your debt.
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sept 10th APF
doison
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« Reply #3 on: September 20, 2013, 07:51:12 AM »

If we aren't going to increase our debt then there is no need to raise the debt ceiling.
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24KT
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« Reply #4 on: September 21, 2013, 09:58:05 PM »

Even if you stopped borrowing and didn't borrow a single penny from henceforth, the debt will STILL increase from the mere exponential compounding of interest due & payable on the existing debt.

Einstein once quipped "Compounding is the 8th wonder of the world."
When you understand exponential growth you have to agree with him.
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AndreaRyc
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« Reply #5 on: September 23, 2013, 08:37:20 AM »

Federal deficits are necessary to a thriving economy.  The debt ceiling is an anachronism from the gold standard days.  It's not needed any more.  The federal government is not beholden to a debt ceiling unless there are crass politicians using that vestigial measure as a political baseball bat.  The federal government does not pay its debts with tax revenue.  The federal gov. is monetarily sovereign thus self financing.

That's a lot to absorb.  But it is correct.

http://mythfighter.com/2009/09/07/introduction/
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dario73
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« Reply #6 on: September 23, 2013, 11:50:37 AM »

Federal deficits are necessary to a thriving economy.  The debt ceiling is an anachronism from the gold standard days.  It's not needed any more.  The federal government is not beholden to a debt ceiling unless there are crass politicians using that vestigial measure as a political baseball bat.  The federal government does not pay its debts with tax revenue.  The federal gov. is monetarily sovereign thus self financing.

That's a lot to absorb.  But it is correct.

http://mythfighter.com/2009/09/07/introduction/


That is a whole lot of BS and you are a moron for believing it.

Just when I thought I had read or heard all the non-sense there is to be heard in my lifetime.
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Dago_Joe
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« Reply #7 on: September 23, 2013, 12:33:58 PM »

Federal deficits are necessary to a thriving economy.  The debt ceiling is an anachronism from the gold standard days.  It's not needed any more.  The federal government is not beholden to a debt ceiling unless there are crass politicians using that vestigial measure as a political baseball bat.  The federal government does not pay its debts with tax revenue.  The federal gov. is monetarily sovereign thus self financing.

That's a lot to absorb.  But it is correct.

http://mythfighter.com/2009/09/07/introduction/


In what world is the federal govt self financing?!!  You do know that the Federal Reserve is a PRIVATE CORPORATION right?!  I can't even bring myself to insult you because you are clearly mentally ill to even believe such nonsense as your post in the first place, so it would be useless to try to talk you out of your illness.  I think Michael Savage was exactly right when he said that liberalism is a mental disorder.  You need to be quite mentally unstable to think any part of leftist ideology makes any sense in any way.  And these policies are exactly why we are at the precipice of total collapse. 
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