Boomchild wrote:Monker wrote:Boomchild wrote:Monker wrote:jThe Sushi Hunter wrote:Fact Finder wrote:This cocksucker will steal your hat and then help ya look for it.![]()
75 Percent of Obama's Proposed Tax Hikes to Go Toward New Spending
http://www.weeklystandard.com/blogs/75- ... 66067.html
Sounds about right. Am I surprised? Nope....didn't vote for him.
So, he is actually paying for everything and reducing the deficit.
Conservatives should be happy...but, they never will be.
So, Obama won't call for raising the debt limit again then, right? After all, he collecting taxes to cover it all. My bet is that before we get through the first quarter of 2103 he will be insisting that it be raised. After all, he's made statements that he wants direct control over the debt limit without going to Congress for approval.
Wow, how ignorant. There is a difference between our national debt and the budget deficit. Two somewhat related, but different topics.
Raising the debt limit allows for payment of debt that has already incurred. Whether you like it or not, it has to be done regardless of what budget is passed. Basically, it's become a political tool for one side or the other to get what they want/don't want in the budget, "if you don't cut Boom Boom's taxes then the piss-our pants party are not going to vote for raising the debt ceiling." So, remove the politics from it and let the President raise it...because it's going to be done anyway - no real choice.
Your mean like the 1.6 trillion Obama spent in his first term?
Yes, and the trillions of deficit spending under W.
You do know that a budget is the future, and debt is current, correct?
It's directly related to both the national debt and current budgets.
Wrong. The current budget talks has NOTHING to do with raising the debt ceiling to pay for CURRENT DEBT.
Rising the debt limit allows the government to borrow more money.
Yes...to pay for the current operating expenses of the government. So, raising the debt ceiling for 2012 has to do with 2012 expenses. 2013 is the future. Yeah, they may as well cover the next five years too...but when the ceiling is hit, it is for the CURRENT YEAR - a budget that has already been passed.
Things would be all well and good if that newly borrowed money only gets put towards the national debt incurred, but it doesn't. They use it for new spending.
Not true. It is used for the current year's spending.
Sure, you can make some magical argument that it 'allows' future budgets to be larger. But, it's an empty argument because when the ceiling IS hit, not raising it would cause such a financial crisis that it MUST be raised. The debt ceiling is irrelevant.
Arguing the size of the budget and deficit spending is a valid argument. But the debt ceiling is a empty political argument with no real validity.
It's ignorant to believe otherwise.
No, it is ignorant, illogical, and just plain stoopid to believe that a debt ceiling crisis has anything to do with future budgets. It is simply NOT TRUE.
It's seems any objection to Obama's actions is a "political tool". Too Funny.
Yes, it is a political tool THAT BOTH PARTIES USE. And, it's not Obama or any President who really uses it - it's congress. I wonder how many times Reagan, Bush, and W raised the debt ceiling? Where were you whiny Republicans then? Oh, yeah, the Republicans didn't make an issue of it THEN...and most people probably don't even remember it happening.
You need to go back to whining about Styx, cuz you obviously have no clue what you are talking about here.