I just read a point of view I hadn't even considered and hadn't read anything about until this morning. Let's repeal the Debt Ceiling. The end result of the debt ceiling is that the Democrats lead by Obama who had an unassailable majority in both Houses when Obama took office passed bills with no real opposition, like ObamaCare, with Republicans barely able to get a word in edgewise. Now after all that rampant spending and ill advised "Stimulus" spending which had little effect in ramping up the economy, the Republicans are invited to share the blame in crafting a solution to fix the "overflowing levees" of our budget.

The Republicans are now invited to come up with cuts in the spending the Democrats almost unilaterally enacted. and thus share "the blame" in the cutting of programs that might be unpopular.

Without a "Debt Ceiling", the problem would be totally Obama's and his administration's burden and people would see who was truly responsible for the mess the country is in, at this point in time.

http://www.nationalreview.com/articl...-thomas-sowell

http://www.stockmarkettoday.cc/moody...ic-crises.html

Not a good idea, as the party in power would be just as bad as the current party in power. What good did the Repubs do when they had control. The same thing that the Dems did when they had control

Cut, Cap & Balance is the only solution that will control spending by both parties.

Originally Posted by RichieLion

I just read a point of view I hadn't even considered and hadn't read anything about until this morning. Let's repeal the Debt Ceiling. The end result of the debt ceiling is that the Democrats lead by Obama who had an unassailable majority in both Houses when Obama took office passed bills with no real opposition, like ObamaCare, with Republicans barely able to get a word in edgewise. Now after all that rampant spending and ill advised "Stimulus" spending which had little effect in ramping up the economy, the Republicans are invited to share the blame in crafting a solution to fix the "overflowing levees" of our budget.

The Republicans are now invited to come up with cuts in the spending the Democrats almost unilaterally enacted. and thus share "the blame" in the cutting of programs that might be unpopular.

Without a "Debt Ceiling", the problem would be totally Obama's and his administration's burden and people would see who was truly responsible for the mess the country is in, at this point in time.

http://www.nationalreview.com/articl...-thomas-sowell

http://www.stockmarkettoday.cc/moody...ic-crises.html

ONE question:
Would be talking seriously about cutting spending right now if there was no debt ceiling?
Answer: No

I have a better idea. Let's repeal the democrats.

Originally Posted by JimJoe

ONE question:
Would be talking seriously about cutting spending right now if there was no debt ceiling?
Answer: No

Think about it. We would still be in the economic situation we are now, only without this arbitrary debt ceiling that has the Republican's drawn into the debate to stay below this "ceiling".

The country would still in the deep doldrums and people would still be suffering with no jobs and low paying jobs and high prices and high taxes, but it would all be on Obama's doorstep because the Republican's have been out of power, until they wrested control of Congress only, and only recently. The "debt ceiling" debate is having the effect of drawing the Republican's into the debate and of even having the lame-stream media depicting them as the villains in he debate.

This is clouding the "where's" and "why's" and "how's" of what happened to get us to this precipice in the minds of the public, who do not pay particular attention to the everyday minutia of beltway politics as those on this forum.

Originally Posted by RichieLion

The end result of the debt ceiling is that the Democrats lead by Obama who had an unassailable majority in both Houses when Obama took office passed bills with no real opposition, like ObamaCare, with Republicans barely able to get a word in edgewise.

Now, the quoted part of your post is just ludicrous. "Death panels" "Pulling the Plug on Grandma". No they didn't get a word in edgewise. Yep, the health care bill just sailed right on through didn't it?

Originally Posted by RichieLion

...Without a "Debt Ceiling", the problem would be totally Obama's and his administration's burden and people would see who was truly responsible for the mess the country is in, at this point in time....

Er ahh...Richie, I agree that the stimulus program didn't work as it was expected to. Nice try Barack and Tim, but it didn't work as expected.

But as far as assigning blame, the numbers don't lie. Virtually every analysis of what has caused the deficit and the increase in the national debt identifies the 2001 and 2003 Bush tax cuts as the single biggest causal factor. They were well-intended as well, expected to increase job growth and economic activity. Look at the statistics--those tax cuts didn't have their intended results either!

So I guess the more accurate assignment of blame for the current conundrum is to two Presidents and about 12 years worth of Congresses with both political parties exchanging control for that period. The analysis of the problem shows that George Bush's biggest contribution was cutting the revenue with the tax cuts. The Obama administration can be blamed for not controlling spending....although I've got to say that the GOP were pretty much like drunken sailors on their 10-year watch. In fact, I think it was John McCain who criticized those Congresses for "spending like drunken sailors", didn't he?

Villages Kahuna you are the voice of reason in this column. Why can't all the staunch Republicans & Democrats see that nothing is as black & white as they try to argue. Both parties are responsible for where we are at now, so get off continuous trashing of the OTHER party. These clowns in office who we pay very well to represent us are kowtowing to special interests, corporations, multi-millionaires, bleeding hearts, foreign governments, illegal aliens, etc. They need to find an intermediate common ground for the good of this country as a whole but we're seeing no inclination by them to do so.

Originally Posted by Villages Kahuna

Er ahh...Richie, I agree that the stimulus program didn't work as it was expected to. Nice try Barack and Tim, but it didn't work as expected.

But as far as assigning blame, the numbers don't lie. Virtually every analysis of what has caused the deficit and the increase in the national debt identifies the 2001 and 2003 Bush tax cuts as the single biggest causal factor. They were well-intended as well, expected to increase job growth and economic activity. Look at the statistics--those tax cuts didn't have their intended results either!

So I guess the more accurate assignment of blame for the current conundrum is to two Presidents and about 12 years worth of Congresses with both political parties exchanging control for that period. The analysis of the problem shows that George Bush's biggest contribution was cutting the revenue with the tax cuts. The Obama administration can be blamed for not controlling spending....although I've got to say that the GOP were pretty much like drunken sailors on their 10-year watch. In fact, I think it was John McCain who criticized those Congresses for "spending like drunken sailors", didn't he?

Is the one who said to a democrat controlled congress, " Congress spends like drunken sailors, except sailors use their own money"

Originally Posted by Villages Kahuna

Er ahh...Richie, I agree that the stimulus program didn't work as it was expected to. Nice try Barack and Tim, but it didn't work as expected.

But as far as assigning blame, the numbers don't lie. Virtually every analysis of what has caused the deficit and the increase in the national debt identifies the 2001 and 2003 Bush tax cuts as the single biggest causal factor. They were well-intended as well, expected to increase job growth and economic activity. Look at the statistics--those tax cuts didn't have their intended results either!

So I guess the more accurate assignment of blame for the current conundrum is to two Presidents and about 12 years worth of Congresses with both political parties exchanging control for that period. The analysis of the problem shows that George Bush's biggest contribution was cutting the revenue with the tax cuts. The Obama administration can be blamed for not controlling spending....although I've got to say that the GOP were pretty much like drunken sailors on their 10-year watch. In fact, I think it was John McCain who criticized those Congresses for "spending like drunken sailors", didn't he?

Have you read Thomas Sowell's column. Please do and get back to me. I'll take his analysis over yours at this point.

Originally Posted by DaleMN

Now, the quoted part of your post is just ludicrous. "Death panels" "Pulling the Plug on Grandma". No they didn't get a word in edgewise. Yep, the health care bill just sailed right on through didn't it?

Didn't matter what the Republicans were able to say. Obamacare was passed in the "dark of the night" without a single Republican vote and with the Democrats thumbing their nose at the will of the American People. That's a fact Jack, and you can't spin it any other way.

Virtually every analysis of what has caused the deficit and the increase in the national debt identifies the 2001 and 2003 Bush tax cuts as the single biggest causal factor.

Bull.

I do believe that it was Speaker of the House Nancy P who said lets pass this bill so we can find whats in it.

Originally Posted by Figmo Bohica

I do believe that it was Speaker of the House Nancy P who said lets pass this bill so we can find whats in it.

Bingo. Amazing that the mainstream media never quotes that.

Richie,it seems to me that you will take any analysis only if it already agrees with your narrowminded opinions. To place the blame only on the new healthcare law and the stimulus is simply wrong,it ignores the facts. It is this narrowmindedness that is the real threat to our system not some dreamed up liberal bias nonsense or this god is on the conservative side garbage.