Thread: Debt sealing

  1. #1

    Debt ceiling

    Since the debt sealing fight is getting close I'm making this topic.

    According to business insider http://www.businessinsider.com/treas...um-coin-2013-1 the W.H is ruling out the frankly silly idea's of the trillion dollar coin and invoking the the 14th amendment.

    personally I can see why Obama doesn't want to go down that route, both the coin and the 14th amendment wouldn't really solve anything (namely the debt ceiling) and they would eventually prolonged the conflict.

    Having said that as long as Obama sticks to his original plan about not negotiating the debt ceiling then I believe that Republicans will eventually cave. By taking a firm and clear stance (and refusing to even talk about it with Republicans) he will make sure Republicans will lose their so called leverage.
    Last edited by ati87; 2013-01-13 at 01:24 AM.

  2. #2
    Lets get a title change Debt Ceiling

  3. #3
    Quote Originally Posted by Gamdwelf View Post
    Lets get a title change Debt Ceiling
    Nonsense we're sealing our debt in. It'll totally work.

  4. #4
    Warchief Hastings's Avatar
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    Quote Originally Posted by semaphore View Post
    Nonsense we're sealing our debt in. It'll totally work.
    Question is, where do we put it? I don't think it would fit under a mattress sadly , we should outsource it to China!
    "Then we have found, as it seems, that the many beliefs of the many about what's fair and about the other things roll around somewhere between not-being and being purely and simply." - Plato: Republic

  5. #5
    The Insane Reeve's Avatar
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    Quote Originally Posted by Hastings95 View Post
    Question is, where do we put it? I don't think it would fit under a mattress sadly , we should outsource it to China!
    Yucca mountain. It'll totally work.
    Well 1, 2, 3, take my hand and come with me
    Because you look so fine
    And I really wanna make you mine

  6. #6
    The debt ceiling is a completely pointless thing that shouldn't even exist, the only thing it does is make US politicians seem like reckless buffoons for gambling with the money of everyone on the planet every few years. Congress approved the budget, the budget makes the debt rise, so congress approved of the debt rising. Debating about it at arbitrary intervals with a terrible recession at stake is, frankly, moronic.
    I don't think this matters nearly as much as you think it does.

  7. #7
    The Insane Reeve's Avatar
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    Quote Originally Posted by zoefschildpad View Post
    The debt ceiling is a completely pointless thing that shouldn't even exist, the only thing it does is make US politicians seem like reckless buffoons for gambling with the money of everyone on the planet every few years. Congress approved the budget, the budget makes the debt rise, so congress approved of the debt rising. Debating about it at arbitrary intervals with a terrible recession at stake is, frankly, moronic.
    Agreed. Congress tells the president what to spend. Then when he goes to spend it, he has to stop at arbitrary intervals to go to congress and ask them if he can pretty please spend what they told him to spend already. It's just stupid.
    Well 1, 2, 3, take my hand and come with me
    Because you look so fine
    And I really wanna make you mine

  8. #8
    Warchief Hastings's Avatar
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    Quote Originally Posted by Reeve View Post
    Yucca mountain. It'll totally work.
    But, but, that's where we were going to store the radioactive stuff we don't want to touch....

    Oh wait....


    (I see what you did there)

    ---------- Post added 2013-01-12 at 07:28 PM ----------

    Quote Originally Posted by Reeve View Post
    Agreed. Congress tells the president what to spend. Then when he goes to spend it, he has to stop at arbitrary intervals to go to congress and ask them if he can pretty please spend what they told him to spend already. It's just stupid.
    Most people however, seem to find pleasure in blaming the president, and not the real reason the budget either sucks, is over budget, and what not; Congress.

    Maybe I'm not educated enough on the subject, but I can't help that I find it ironic the Republicans want to raise the debt ceiling while the White House (Primarily democrats) doesn't.
    Last edited by Hastings; 2013-01-13 at 01:31 AM.
    "Then we have found, as it seems, that the many beliefs of the many about what's fair and about the other things roll around somewhere between not-being and being purely and simply." - Plato: Republic

  9. #9
    Quote Originally Posted by zoefschildpad View Post
    The debt ceiling is a completely pointless thing that shouldn't even exist, the only thing it does is make US politicians seem like reckless buffoons for gambling with the money of everyone on the planet every few years. Congress approved the budget, the budget makes the debt rise, so congress approved of the debt rising. Debating about it at arbitrary intervals with a terrible recession at stake is, frankly, moronic.
    It should really exist as part of the budget that gets passed. Basically if the budget passes and the debt goes up, the debt limit is raised. It is stupid to have to approve paying back loans you already approved to be bought.

  10. #10
    The Lightbringer breadisfunny's Avatar
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    your title is a bit confusing....i thought this thread was going to be about sealing in the debt via making companies pay their unpaid taxes or something like that.

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