House republicans will vote to raise the debt ceiling

[Th'Pusher]

POLITICO Breaking News


01/18/13 12:53PM EST (expires: 01/18/13 01:53PM)


House Republicans will vote next week on a plan to raise the nation’s debt ceiling for three months, and it will include a provision that would stop pay for members of Congress if the Senate doesn’t pass a budget, GOP officials said Friday.



Three months? These ers love crisis.

[Th'Pusher]

I thought the economy needed certainty?

[boutons_deux]

Repug mafia intent on extorting spending cuts now that THEIR decades-long tax-cutting, unfunded spending and wars, and economic misgovernance cranked up the deficit.

Starving The Beast.

[Winehole23]

Three months? These ers love crisis.

so long as the debt ceiling gets raised as needed, what's the crisis?

[Winehole23]

not getting paid?

[Th'Pusher]

so long as the debt ceiling gets raised as needed, what's the crisis?

Point taken. Subs ute the word attention for crisis

[Winehole23]

All politicians love attention. Republicans hardly have the corner on that.

[boutons_deux]

so long as the debt ceiling gets raised as needed, what's the crisis?

there's be another US-defaulting in 3 months, with all the REPUG distracting/obstructing propaganda around it.

the deficit ISN'T A PROBLEM. kill the stupid debt ceiling regulation.

[Winehole23]

there's be another US-defaulting in 3 months, with all the REPUG distracting/obstructing propaganda around it.

you're predicting the US will default in three months?

[boutons_deux]

you're predicting the US will default in three months?

no, I'm predicting the VRWC/Repugs will continue to abuse the debt ceiling to obstruct govt from REAL issues. It's part of their kill-govt strategy.

[coyotes_geek]

Let's just have a day by day debt ceiling. 8am vote every morning as to whether or not the federal government should be allowed to spend any money that day.

[Winehole23]

It's part of their kill-govt strategy.

...that made government bigger while they had power. lip service to small government is just that.

[Winehole23]

Let's just have a day by day debt ceiling. 8am vote every morning as to whether or not the federal government should be allowed to spend any money that day.

how much certainty do the markets need?

[coyotes_geek]

how much certainty do the markets need?

According to congress, none whatsoever.

[Winehole23]

three months is none, in your view?

[Winehole23]

Between 1940 and January 2013, the debt ceiling was raised 54 times during Republican presidential administrations and 40 times during Democratic administrations. The ceiling was raised the most times (18) during President Reagan's administration, with no other President exceeding 10 times. During President Obama's first term, the ceiling was raised six times.^[59]

http://en.wikipedia.org/wiki/United_...t#Debt_ceiling

[coyotes_geek]

Pretty much. It's still just more can kicking without any kind of substantive resolution.

[Winehole23]

agreed. either we'll fix it or the market will fix it for us. I tend to think it'll be the latter.

[FuzzyLumpkins]

http://en.wikipedia.org/wiki/United_...t#Debt_ceiling

Interesting. They raise the debt ceiling by a specific amount right?

[coyotes_geek]

agreed. either we'll fix it or the market will fix it for us. I tend to think it'll be the latter.

I think so too. So long as congress remains more scared of political backlash from cutting someone's beloved spending than they are of panicky markets causing a crash, nothing will get done.

[Winehole23]

Interesting. They raise the debt ceiling by a specific amount right?

it's a nominal cap. I say nominal because it doesn't really function as a cap.

[FuzzyLumpkins]

it's a nominal cap. I say nominal because it doesn't really function as a cap.

So then it's 'spend as much as you want this year' more or less. Fiscal policy is crazy stuff.

[Winehole23]

So then it's 'spend as much as you want this year' more or less.

sort of. the cap does have to be raised so the debt can rise.

[DarrinS]

Just keep spending and raising the debt limit. What's the big deal? Not even a problem, tbh. In fact, the govt. is not spending nearly enough.


Sincerely,

[boutons_deux]

Just keep spending and raising the debt limit. What's the big deal? Not even a problem, tbh. In fact, the govt. is not spending nearly enough.


Sincerely,

Krugman is right on Barry's stimulus being way too small. Shoulda been about $2T. you and Repugs are wrong to say Barry's stimulus failed. It succeeded as as it went.