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Another battle looming

January 15, 2013

With the fiscal cliff averted, the next big political battle in?Washington, D.C. is upon us: The debt ceiling. Both sides on Monday were intent on drawing their lines in the sand....

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(79)

muleskinner

Jan-15-13 8:30 AM

The Republicans in House and the Senate will cave. Obama will get the debt ceiling raise.

Kick the Can is the game that is played every day in Congress and they actually call it work. They probably try to make it to the Lincoln Memorial.

One day, the Republicans kick the can, the next day, the Democrats kick the can. Must be their job these days, because that's what they're doing.

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WorriedAmerican

Jan-15-13 8:44 AM

What choice do they have! The debt ceiling should be done away with anyway! It is all just political theater, both parties know they have to pay the gov't's finanacial obligations and we can't risk the country going into another recession. This Congress needs to start working with this President to get some consumer confidence back in order to get this country back on track! "A House divided cannot stand!" Abe Lincoln

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SickOfItAll

Jan-15-13 10:54 AM

WA,

Just like with your various lines of credit, you cannot just indefinitely increase them without some sort of adverse effect. In the case of the US, that's going to be increased interestrates, which means that even more money will need to be borrowed in order to pay the bills.

So in many respects we are a deadbeat nation, or at least are headed that direction. Taking out another credit card as a mean of maintaining a high standard of living is not the sign of a responsible individual, or a responsible government. You say the debt ceiling should be eliminated, which leads me to believe you don't understand it's significance. Or at least tell me when is enough. Maybe we should all stop working and just borrow money-up to the point where no one will lend us anything else. Then what?

Maybe a shock is exactly what is needed, to separate those who will fail from those who will succeed. Instead of spending billions trying to carry those who have no interest in carrying themselves.

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JackAaah

Jan-15-13 10:56 AM

We need to do one of two things, I feel:

a. Keep kicking the can down the road until we reach the REAL fiscal cliff.

2. Start coining the trillion dollar coin as one of the great Democrat Party economists says (Krugman), and use those to pay off the debt.

I feel either will work.....in the meantime, just continue to collect all the gifts you can get....

Votes For Gifts

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WorriedAmerican

Jan-15-13 4:17 PM

Congress also maintains an investigative organization, the Government Accountability Office (GAO). Founded in 1921 as the General Accounting Office, its original mission was to audit the budgets and financial statements sent to Congress by the Secretary of the Treasury and the Director of the Office of Management and Budget. Today, the GAO audits and generates reports on every aspect of the government, ensuring that taxpayer dollars are spent with the effectiveness and efficiency that the American people deserve.

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WorriedAmerican

Jan-15-13 4:17 PM

Part of Congress's exercise of legislative authority is the establishment of an annual budget for the government. To this end, Congress levies taxes and tariffs to provide funding for essential government services. If enough money cannot be raised to fund the government, then Congress may also authorize borrowing to make up the difference. Congress can also mandate spending on specific items: legislatively directed spending, commonly known as "earmarks," specifies funds for a particular project, rather than for a government agency.

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WorriedAmerican

Jan-15-13 4:18 PM

Congress needs to DO THEIR JOB so people can get back to work!

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locomotive

Jan-15-13 4:35 PM

The game might be Kick The Can, but it seems to be played by the team I would call The DC Dramatics, with Republicans and Democrats alike as members.

Taking our national debt seriously doesn't seem to be a concern of either the game or its players. They've all been spending like drunken sailors, and it's time to sober up. Where's the coffee?

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SickOfItAll

Jan-15-13 5:05 PM

"Congress needs to DO THEIR JOB so people can get back to work!"

Huh?

Is there some reason why the people can't be working right now?

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disgusted

Jan-15-13 7:04 PM

Are all of us ready to come together and tell Dalrymple NO to the free money from the feds?

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JackAaah

Jan-16-13 9:40 AM

No, MDN, the next big battle IS gun control.

Saw that CBS Baltimore reported that two 6-year olds suspended from school for using their hands as "guns" during recess, playing cops and robbers.

Accolades and praise for these school officials.....we MUST stop this gun nonsense before one of these kids would've been killed.

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WorriedAmerican

Jan-16-13 10:37 AM

SickOfItAll ask all of the unemployed outside of ND in the urban cities of this country! Get your head of your behind and think out of your ***!

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JackAaah

Jan-16-13 10:43 AM

I think we can come together on what WA is saying is, look at all of my Democrat Party controlled big cities and you will get her message on unemployment really is.....

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locomotive

Jan-16-13 11:41 AM

Even if Congress "does its job," that doesn't automatically mean that businesses will be ready to do more hiring or investing. Those decisions are usually made after a business owner figures out what he/she doesn't have to pay in to the government. Other expenses (health ins. for one) go into the decisions as well.

To imply that Congress doing its job will directly lead to more hirings is myopic at best.

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WorriedAmerican

Jan-16-13 11:43 AM

Pass Obama's jobs bill! Let's get this country moving again! People want to see the Congress act and do something positive to give people some confidence that the federal gov't is accually working for them and not against them!

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WorriedAmerican

Jan-16-13 11:45 AM

loco doing nothing hasn't been the answer in the past four years has it?

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WorriedAmerican

Jan-16-13 11:47 AM

It worked to help bring this country back from the "Great Depression"! FDR created the "Works Programs" which brought about some great American projects like the "Hoover Dam" that is still used today!

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WorriedAmerican

Jan-16-13 11:51 AM

All our returning Veterans are coming home in need of jobs and have spent years rebuilding other foriegn countries. Why not create jobs programs to hire these great americans and rebuild our own country?

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JackAaah

Jan-16-13 12:45 PM

WA is onto something, if we could eliminate corporate America....and capitalism....and get ALL Americans working for the government, we can all come together to agree we would have a more perfect union.....

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locomotive

Jan-16-13 2:21 PM

Salient point, Jack.

Not everything in FDR's New Deal proposals was totally positive, WA. That's the rub with all gov't programs. There's usually a catch somewhere.

With federal money comes federal strings.

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WorriedAmerican

Jan-16-13 7:02 PM

Are all of you that ignorant? Can't the federal gov't and corporate america work together to develop work projects to get Americans working again! During WWII didn't both the gov't and American corporations work together?

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WorriedAmerican

Jan-16-13 7:06 PM

We tried loosing up the gov't controls on businesses and banking and look where that lead this country! The worst financial disaster since the "Great Depression"! Unregulated banking and corporate america doesn't seem to help the working middle class americans, so what is the answer?

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SickOfItAll

Jan-16-13 9:18 PM

"SickOfItAll ask all of the unemployed outside of ND in the urban cities of this country!"

So the answer is to borrow more money from China and cut them a check?

Last year staring incomes for college graduates rose by an average of more than 4%. We know the way ahead, it's through gaining a marketable skill. But it is up to the individual to do that. Many people don't want to. not when the progressive caucus is more than willing to borrow money to provide expansive benefits, while asking nothing in return.

This whole debt ceiling thing is crazy. The republicans have already stipulated that they will increase the debt ceiling, provided that the government takes meaningful action on cutting expenses. How does that not make sense to you. If you were to go apply for a credit card, the debt you currently hold would be the first thing they looked at. And ultimately it is the taxpayers that have to come up with the cash to repay the debts.

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SickOfItAll

Jan-16-13 9:23 PM

"It worked to help bring this country back from the "Great Depression"! FDR created the "Works Programs" which brought about some great American projects like the "Hoover Dam" that is still used today."

A lot of economists beleive that had FDR done nothing, the economy would have recovered more quickly. But that's an argument for another time. You need to consider whether similar initiatives would be successful if implemented today. One of FDRs most successful programs was the Civillian Conservation Corps, intended to put people back to work. The provided food, shelter, clothing, and an adjusted income of $400/month.

Why would anyone put in 40 hours a week for $400 when they could get five times that much in welfare benefits without doing anything at all?

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SickOfItAll

Jan-16-13 9:26 PM

There may be such a place for something like a modern CCC, but the big difference between then and now is that then people were concerned about surviving. Now that's more or less guaranteed. Now they want to make sure they can have their new iphone, cable TV, gadets, new cars, etc. There is a huge difference between the expectations of the workforce then, and the workforce now. There is not much that even Keynes could do to solve our current labor problems.

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