The Constitution Actually Limits And Prohibits The Ability Of Congress To Default On The Country's Debt
Jan 27, 2023 11:12:28 #
The constitution got very specific about the debt this country incurs in several regards...
Key being that the country can borrow for both the welfare of it's citizens, and the protection of our citizens...and that those debts are sacred in terms of honoring and paying them off...
...to the degree that congress is also authorized if not obligated to raise taxes to honor those debts. So while republicans are cutting taxes to where that is directly adding to and increasing the debt by the amount of the cuts, republicans are trying to cut so called entitlements that they should be looking at as valid spending or borrowing.
Read this before trying to weigh in on the debt ceiling, nowhere can the argument be made that congress should be doing anything but raising taxes to curb the debt ceiling, certainly not attacking social security and medicare.
https://newrepublic.com/article/169857/debt-ceiling-law-terminate-constitution
Key being that the country can borrow for both the welfare of it's citizens, and the protection of our citizens...and that those debts are sacred in terms of honoring and paying them off...
...to the degree that congress is also authorized if not obligated to raise taxes to honor those debts. So while republicans are cutting taxes to where that is directly adding to and increasing the debt by the amount of the cuts, republicans are trying to cut so called entitlements that they should be looking at as valid spending or borrowing.
Read this before trying to weigh in on the debt ceiling, nowhere can the argument be made that congress should be doing anything but raising taxes to curb the debt ceiling, certainly not attacking social security and medicare.
https://newrepublic.com/article/169857/debt-ceiling-law-terminate-constitution
Jan 27, 2023 11:19:05 #
woodguru wrote:
The constitution got very specific about the debt ... (show quote)
When did you start caring about the Constitution?
Jan 27, 2023 11:22:21 #
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
Jan 27, 2023 11:22:36 #
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
Jan 27, 2023 11:27:51 #
pegw wrote:
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
Which leftwing rag did you read it on?
Jan 27, 2023 11:30:28 #
woodguru wrote:
The constitution got very specific about the debt ... (show quote)
The party that wants to cut ssi or medicare is demorats .-they all ready have imposed taxes on ssi not once but twice.+
Jan 27, 2023 11:48:51 #
woodguru wrote:
The constitution got very specific about the debt ... (show quote)
A progressive citing "Original Intent"?
woody, you are really a barrell of
Jan 27, 2023 12:07:58 #
J Anthony
Loc: Connecticut
pegw wrote:
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
The debt goes up, and has been, with every administration.
Jan 27, 2023 12:09:46 #
J Anthony
Loc: Connecticut
Liberty Tree wrote:
Which leftwing rag did you read it on?
It's true. The federal debt goes up with every administration, that's how the system works. Because it's i***tic that the government has to borrow it's own currency. If we want to change that, we have to understand how our monetary-system works.
Jan 27, 2023 12:10:56 #
J Anthony
Loc: Connecticut
vernon wrote:
The party that wants to cut ssi or medicare is demorats .-they all ready have imposed taxes on ssi not once but twice.+
Both parties seem to want to do this, but what does that matter, most citizens are dead-set against it, for good reason.
Jan 27, 2023 15:00:26 #
pegw wrote:
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
Hahaha...25 percent, you are too funny. Ohhh...wait, you actually believe that don’t you...hahaha...that’s even funnier.
Jan 27, 2023 15:31:33 #
pegw wrote:
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
No pegw, that is not what you read, and you will never find a source that supports such a foolish claim.
Jan 28, 2023 05:56:32 #
woodguru wrote:
The constitution got very specific about the debt ... (show quote)
Our debt would just about be knocked out if we got rid of the federal reserve
Jan 28, 2023 08:14:27 #
nonalien1 wrote:
Our debt would just about be knocked out if we got rid of the federal reserve
What an idea
, declare the FED to be insolvent, Federal Bankruptcy Court pays off creditors @ 1 cent on the $.Jan 28, 2023 09:00:02 #
pegw wrote:
I read yesterday that Trump's tax cut for the fabulously wealthy is responsible for 25% of the national debt. Think about it. It is about time we have a balanced budget by taxing those who are rich.
Trump's tax cut lowered taxes straight across the board. It was proportional to what everyone paid in other words fair and honest third grade math....Apparently you dropped out in second
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