Reid wants to hike debt limit by another trillion

[dario73]

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

[Necrosis]

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.

[dario73]

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.

[Dos Equis]

Doh!

[Necrosis]

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?

[headhuntersix]

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.

[whork]

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.

[Fury]

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.

[Necrosis]

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?

[Necrosis]

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?

[Shockwave]

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.

[Necrosis]

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.

[Shockwave]

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.

[Necrosis]

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

[Shockwave]

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.

[Necrosis]

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.

[whork]

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.

[Roger Bacon]

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.

[scottt]

They should just make it an even 20 trillion.

[syntaxmachine]

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.

[tonymctones]

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.

[Necrosis]

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

[tonymctones]

Socialist

yes yes moron not running deficits is socialist

[Necrosis]

yes yes moron not running deficits is socialist

Cool, so you like Obama, the man who has reduced the deficit at record pace.

[tonymctones]

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!