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Some of us actually learned from when Democrats in Congress did this to President Reagan that the Dems don't keep their word to work on deficits after the fact.
Just saying......
The Debt Ceiling has been raised multiple dozens of times, mostly for Repub Admins, but also Dem Admins. I don't know that it ever has been done tied to other conditions. If you have a problem with Congressional spending, make you voice heard by voting out those Congress people that spend too much. That is the way the process works.
If re-quoting the right wing rhetoric is dumb, well...
Let's requote the left wing then:
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.(0bama beat that in 2 years)That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."
Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006
The folks who insist that Social Security is solvent will tell you we only have to dip into the "Trust Fund" to make monthly SS benefit payments.
Was Obama lying when he said SS checks are NOT guaranteed? "Because there isn't enough cash in the coffers."
Or, was he telling the truth and the "Trust Fund" is empty?
The trust fund went to iraq and Medicare Part D
I think not paying Hospitals and Nursing Homes with Medicare and Medicaid are more dangerous than missing Social Security checks. Shuttin down the VA won't be nice either
The Debt Ceiling has been raised multiple dozens of times, mostly for Repub Admins, but also Dem Admins. I don't know that it ever has been done tied to other conditions. If you have a problem with Congressional spending, make you voice heard by voting out those Congress people that spend too much. That is the way the process works.
We started doing that again in 2010, you know, that Tea Party you love to disparage so. Unfortunately politicians lie and run on a platform of fiscal accountability just to become lap dogs for the biggest liberal spenders (see "Air Claire" McCaskill).
The best thing would be to raise that debt ceiling AND display a substantive plan of deep cuts and perhaps tax increases over the next decade.
I agree
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