Contributors

Tuesday, February 11, 2014

Debt Ceiling Raised

House passes clean debt ceiling bill

Yes, I believe they have learned the folly of their ways...especially in an election year.

13 comments:

GuardDuck said...

Awesome. Let's keep borrowing. What can go wrong?

Juris Imprudent said...

Ironic how you never learn from the folly of your ways M.

Mark Ward said...

You do understand, GD, that raising the debt limit is for paying money we already owe. And you clearly still don't understand that the debt does not exists in a vacuum.

What will go wrong and win? What would you do differently?

GuardDuck said...

s for paying money we already owe

So you're saying we have to borrow money to pay for things we already have borrowed on?


Ever heard of borrowing from Peter to pay Paul? Yeah, smahhhht money management there.

Anonymous said...

Best and brightest of the Minnesota school system right there....

Mark Ward said...

What will go wrong and when will it go wrong? What would you do differently? How would you implement it?

Compare the debt that we have to our assets. Consider the nature of our debt and how it differs from personal debt. These are all things we have discussed previously and none of you can even accept these basic facts. It's just like Nikto said the other day...

GuardDuck said...

What will go wrong and when will it go wrong? What would you do differently? How would you implement it?

What exactly, when exactly, how exactly and where exactly is climate change going to throw us into a boiling pit of sewage?



Compare the debt that we have to our assets?

Whose debt and whose assets?

Consider the nature of our debt and how it differs from personal debt

We've done that. You won't listen.

These are all things we have discussed previously and none of you can even accept these basic facts

As long as you insist you are the only one who has the correct facts, then yes, we won't accept your lies.

Mark Ward said...

If you answer this very simple question honestly, GD, you will see how you are in error. Does US debt outweigh US assets?

Nikto said...

Republicans in the House have not learned the folly of their ways: they passed the bill solely on the strength of Democratic votes. Not many Republicans in the Senate voted for it either: they're all a bunch of cowards who let the Democrats do the hard work, and then take potshots at them for doing it.

What's good about this is that it represents real democracy, something which is usually sorely lacking in the House. If he would put all bills to a vote our economy would be recovering much more quickly. Sadly, Boehner will cast aside democracy again and go back to partisan games after this must-pass legislation.

GuardDuck said...

If you answer this very simple question honestly, GD, you will see how you are in error. Does US debt outweigh US assets?

Sure. Define the terms.

Whose debt and whose assets.

Juris Imprudent said...

Does US debt outweigh US assets?

Why don't you tally up the US [govt] assets that can be liquidated to pay off US debt.

Note: private sector assets are not US assets.

GuardDuck said...

What Juris said.

If you want to count things such as - say the Washington monument as an asset. But I'd say it'd be pretty hard to get away hocking it to pay the bills.


And all the oil and gas rights it sits on could be considered an asset - but you'd actually have to let people drill and mine to realize that potential.

Mark Ward said...

Why don't you tally up the US [govt] assets that can be liquidated to pay off US debt.

Which ones can't be liquidated? What numbers do you get?