Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We are one of the only countries, if not the only country in the world that has one vote for a budget and a second vote for a debt ceiling.
It makes no sense for politicians to vote to pass a budget - which mandates taxing, spending, and, by subtraction, a certain inevitable amount of debt (or surplus- hahaha!) - and then have a second vote on how much debt is allowed.
If the politicians didn't want the debt to be increased, then they shouldn't vote for a budget that raises the amount of debt. No second vote is necessary.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,849,124 times
Reputation: 6438
Quote:
Originally Posted by gvsteve
We are one of the only countries, if not the only country in the world that has one vote for a budget and a second vote for a debt ceiling.
It makes no sense for politicians to vote to pass a budget - which mandates taxing, spending, and, by subtraction, a certain inevitable amount of debt (or surplus- hahaha!) - and then have a second vote on how much debt is allowed.
If the politicians didn't want the debt to be increased, then they shouldn't vote for a budget that raises the amount of debt. No second vote is necessary.
If there ever was a point where you said "screw that, we ain't paying" you'd be in mid revolution anyways and you'd still have to pay it back after you got things all worked out or go to war.
So in other words if you ever said you weren't going to pay back your debt you mise well declare war (on whoever wants some?) while you're at it.
So why have a debt ceiling when you know that if you're going to be in decline for a while to come?
I just voted to eliminate my debt too.
Just print more money, I wish them luck
I'm thinking about it. Why keep paying all my bills when these folks keep getting em paid for by me too? Hell how long would it take em to get me out of my house now? Years? Tell the credit card companies to stick it. What are they gonna do? Sell it off to a collection agency for .10 on the dollar eventually and then let them try and collect that. It's all gonna collapse soon anyway. May as well have my mattress stuffed. With what I'm not sure. Ramens maybe.
I just voted to eliminate my debt and my debt ceiling. The sky's the limit. Wheeeeee!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
