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Another battle loomingJanuary 15, 2013With 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.... Showing 25 of 99 comments Show More Comments
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muleskinner
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
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
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
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
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
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
Congress needs to DO THEIR JOB so people can get back to work!
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locomotive
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
"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
Are all of us ready to come together and tell Dalrymple NO to the free money from the feds?
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JackAaah
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
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
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
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
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
loco doing nothing hasn't been the answer in the past four years has it?
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WorriedAmerican
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
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
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
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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Hope4Change
FDR started the snowball rolling with his plan of government expansion and Obama has picked up the ball from there. Meshed in between was the ‘war on poverty’ with so many jargons like LBJ's The Great Society. History should by now show us all to not look for government for solutions. Government is the problem.
Are we headed into more of the same with a Depression that just might exceed the 1930’s? Will anarchy prevail when the handouts are no longer there?
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VERITAS
Hope4...Thanks for that post..I missed the Rush hour today.
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WorriedAmerican
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
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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Hope4Change
Look in the mirror Worried and re-examine who’s ignorant. Try sprinkling in a little common sense while at it.
Government jobs are created by government by tax payers money and most then and now are not always needed and for sure, cost effective.
Corporate sectors will not be around for very long if they are not producing and are cost effective. They now are on the defense against government over regulation and to force them into you work force plan is ludicrous.
By your telling the two to partner up today is not likely to happen...perhaps only in wartime. I wonder if attacked, we will have the means to defend this nation as was the case in WW2.
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