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Discussion in 'Politics, Elections & Legislation' started by bigdogtx, Nov 10, 2012.

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  1. bigdogtx

    bigdogtx Well-Known Member

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    On Thursday, Senate Majority Leader Harry Reid said Democrats were more than willing to raise the debt ceiling by another $2.4 trillion when America hits its current ceiling at the end of the year.
    When asked what Democrats would do when America inevitably hits its debt ceiling, Reid told reporters,

    "If it has to be raised, we'll raise it."

    The Treasury Department has noted America will hit its current $16.394 trillion debt ceiling by the end of the year, but Reid said he thought that would not happen until 2013.


    “I think the debt ceiling will come after the first of the year,” Reid said.
     
  2. bigbore613

    bigbore613 Active Member

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    When you come home and your hose is full of sewage , do you pump out the shit or raise the ceilngs? Jeff
     
  3. stokinpls

    stokinpls Well-Known Member

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    Hasn't submitted a budget in 4 years, how would he know?

    Bob Falfa
     
  4. crusha

    crusha TS Member

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    Kick the can down the road, boys...
     
  5. Bruce Specht

    Bruce Specht Well-Known Member

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    Budget they don't need no stinking budget
     
  6. BT-100dc

    BT-100dc Active Member

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    These people have no idea the damage that massive debt will cause this country; we're in unchartered waters. Kicking the can down the road is cowardly. Debt = taxation or inflation + taxation. It's no difference than within your household; you continue to borrow and spend you'll have to do without in order to pay the debt down. The longer you borrow the worse it will be. Now in this case we pass it on to the next generation; is that nuts and irresponsible? BT100dc
     
  7. SirMissalott

    SirMissalott Active Member

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    Bigbore Great analogy

    BT-100 I respectfully disagree I believe the current administration knows full well what they are doing they/he wants to bring USA down. If you haven't yet seen the movie 2016 it might be worth the watch, as depressing as it is?
     
  8. pretzel

    pretzel TS Member

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    Right!--SirMissalot, They know exactly what they are doing.
     
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