House Democrats want to repeal debt ceiling

[ddoering]

http://xfinity.comcast.net/articles/...ing.Democrats/


WASHINGTON — House Democrats are pushing legislation to repeal the federal debt ceiling, saying the borrowing limit has no practical purpose and has come to be used for political maneuvering that can have devastating economic repercussions.

New York Rep. Jerrold Nadler said the debt ceiling is arbitrary, doesn't affect the deficit and has become a Republican means to "blackmail" the country to advance the GOP's political agenda.

President Barack Obama earlier this week said he would not negotiate with Republicans over the debt ceiling, saying talks on spending cuts should be separate from raising the $16.4 trillion debt ceiling and averting a possible first-ever national default.

The debt ceiling has been in place since 1939. The Treasury says it will run out of borrowing power in mid-February to early March.

Why not. It only gets in the way of spending.

[tonyz]

“Witnessing the Republicans and the Democrats bicker over the U.S. debt is like watching two drunks argue over a bar bill on the Titanic.” (Author unknown)

[Dusty]

We don't have anybody in Congress with the balls to stop an increase.

[Ret10Echo]

Originally Posted by ddoering

has no practical purpose and has come to be used for political maneuvering

That describes EVERYTHING inside the Beltway... Frequency of restroom visits would be used for political maneuvering if there were opportunity.

[alelks]

Originally Posted by Ret10Echo

That describes EVERYTHING inside the Beltway... Frequency of restroom visits would be used for political maneuvering if there were opportunity.

Ahhh, that explains where they are getting all these crappy ideas. We just need to get rid of all the restrooms until they come up with a good solution.

[ChuckG]

Originally Posted by alelks

Ahhh, that explains where they are getting all these crappy ideas. We just need to get rid of all the restrooms until they come up with a good solution.

But then we would complain that they are full of shit.

[SF18C]

Let them do it...this slow simmer to the end is analogous to the frog in a pot of water...


we need to burn this up quick in order to save it...these Pol-cat (both Dem and Rep) should stand trial for treason!!!