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-   -   Ryan's Budget and the debt limit (http://www.politicalchat.org/showthread.php?t=2519)

d-ray657 04-21-2011 05:00 PM

Ryan's Budget and the debt limit
 
So, Paul Ryan's budget raises the debt by $6Trillion over the next ten years. The GOP voted for this budget, and won't vote to raise the debt limit?:confused:

See: http://www.washingtonpost.com/opinio...ICE_story.html

Regards,

D-Ray

finnbow 04-21-2011 05:01 PM

This is just the latest installment of the GOP "down is up, up is down" economic theory.

noonereal 04-21-2011 07:21 PM

they love that "piss on" school of economics

whell 04-21-2011 07:52 PM

We've increased the debt limit in the past, and each time the result is an increased appetite for Federal spending. Enough already. Don't raise it.

noonereal 04-21-2011 08:03 PM

piss on it huh?

about what I expected

whell 04-21-2011 08:19 PM

Quote:

Originally Posted by noonereal (Post 60577)
piss on it huh?

about what I expected

Pissing on it is what we have been doing for years. Time for plan B.

noonereal 04-21-2011 08:26 PM

Quote:

Originally Posted by whell (Post 60579)
Pissing on it is what we have been doing for years. Time for plan B.



good to see you finally understand and are ready to raise taxes to start paying for George's administration

d-ray657 04-21-2011 08:28 PM

Quote:

Originally Posted by whell (Post 60576)
We've increased the debt limit in the past, and each time the result is an increased appetite for Federal spending. Enough already. Don't raise it.

Do you really want to live with the consequences? Even if the effect of defaulting is to actually increase the debt because of increased interest payments? Sounds more like pissing in the wind to me.

Regards,

D-Ray

whell 04-21-2011 08:47 PM

Default? Doubtful. Will we be forced into a position of having to prioritize our spending? Probably. Will the government crash and entitlement recipients go begging? Doubtful. I'm dubious of the predictions of doom that those who favor raising the debt ceiling seem to be peddling.

whell 04-21-2011 08:49 PM

Quote:

Originally Posted by noonereal (Post 60581)
good to see you finally understand and are ready to raise taxes to start paying for George's administration

What taxes do you want to raise? The rich? You and Trump are of like minds. Maybe you should get on the Donald's bandwagon.


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