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12-06-2012, 12:45 AM
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Registered Member
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Join Date: May 2007
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New Rules To Handle Debt Ceiling
Treasury is proposing new rules that congress should adopt in handling the debt ceiling. Under the proposed changes the president will request debt ceiling increase. congress will have 15 days to respond. if congress rejects increase, the president will be able to veto the resolution. then only a two thirds majority will be able to override veto and prevent a debt ceiling increase. NO MORE LEVERAGE FOR REPUBLICANS ON BUDGET ISSUES AND FAKE CRISIS.
http://www.huffingtonpost.com/2012/1...n_2245152.html
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12-06-2012, 04:59 AM
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Pride of the Neighborhood
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Join Date: Feb 2007
Posts: 6,166
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Re: New Rules To Handle Debt Ceiling
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Originally Posted by Dedicated Mind
Treasury is proposing new rules that congress should adopt in handling the debt ceiling. Under the proposed changes the president will request debt ceiling increase. congress will have 15 days to respond. if congress rejects increase, the president will be able to veto the resolution. then only a two thirds majority will be able to override veto and prevent a debt ceiling increase. NO MORE LEVERAGE FOR REPUBLICANS ON BUDGET ISSUES AND FAKE CRISIS.
http://www.huffingtonpost.com/2012/1...n_2245152.html |
Oh yes. Let's grant the president more power to spend money without accountability. That's what this country needs. Because we all know that if we don't borrow more money our economy can't improve.
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When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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12-06-2012, 05:30 AM
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Registered Member
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Join Date: Jul 2010
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Re: New Rules To Handle Debt Ceiling
dumb another socialist move
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12-07-2012, 09:35 AM
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Solid 3 Stepper
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Join Date: Feb 2007
Posts: 1,802
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Re: New Rules To Handle Debt Ceiling
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Originally Posted by canam
dumb another socialist move
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As with the majority of your posts you have no earthly idea what you are saying! 
The bill for this power was written by the minority leader Mitch MCconnly a Republican who ask for a up or down vote yesterday on the Senate floor, then filler busted his own bill. What a dork!
http://www.examiner.com/article/mitc...itch-mcconnell
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12-07-2012, 03:37 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: New Rules To Handle Debt Ceiling
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Originally Posted by Light
As with the majority of your posts you have no earthly idea what you are saying!
The bill for this power was written by the minority leader Mitch MCconnly a Republican who ask for a up or down vote yesterday on the Senate floor, then filler busted his own bill. What a dork!
http://www.examiner.com/article/mitc...itch-mcconnell |
Yep
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12-06-2012, 01:39 PM
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Registered Member
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Join Date: May 2007
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Re: New Rules To Handle Debt Ceiling
Quote:
Originally Posted by deacon blues
Oh yes. Let's grant the president more power to spend money without accountability. That's what this country needs. Because we all know that if we don't borrow more money our economy can't improve.
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debt ceiling is not borrowing more money to spend it is borrowing money to pay for what congress has ALREADY SPENT. it is meaningless.
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12-06-2012, 09:18 PM
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Pride of the Neighborhood
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Join Date: Feb 2007
Posts: 6,166
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Re: New Rules To Handle Debt Ceiling
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Originally Posted by Dedicated Mind
debt ceiling is not borrowing more money to spend it is borrowing money to pay for what congress has ALREADY SPENT. it is meaningless.
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How can you borrow money you've already spent?
__________________
When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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12-06-2012, 10:39 PM
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Registered Member
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Join Date: May 2007
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Re: New Rules To Handle Debt Ceiling
Quote:
Originally Posted by deacon blues
How can you borrow money you've already spent?
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the debt ceiling is to pay for money already spent in bills already passed by congress. it is paying the government credit card, not for new spending.
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12-07-2012, 09:45 AM
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Pride of the Neighborhood
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Join Date: Feb 2007
Posts: 6,166
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Re: New Rules To Handle Debt Ceiling
Quote:
Originally Posted by Dedicated Mind
the debt ceiling is to pay for money already spent in bills already passed by congress. it is paying the government credit card, not for new spending.
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So the money isn't actually spent, it's proposed and approved by Congress, then they have to raise the debt ceiling to borrow more to spend more.
Regardless, of the nuiances, it deepens our debt. Is the national debt a problem for you?
__________________
When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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