woodguru

It's do we pay the debts that you as congress committed to...if you don't like it go after social security or medicare in a well debated and structured plan. Of course republicans have no plan or ability to make such a highly toxic and unpopular thing happen.

Raising taxes should be Democrats response and answer to the budget deficit and debt ceiling, lower the deficit and the debt ceiling isn't hit nearly as often. Generate enough taxes from the wealthy, go after tax c***ts, go after medicare fraud that we know is taking place and the deficit could be balanced...republicans never quit about entitlements, dems should never quit about tax reforms.

JR-57 Loc: South Carolina

The ceiling should not be raised. Instead, our government needs to practice fiscal responsibility and operate within a balanced budget including debt reduction.

LogicallyRight Loc: Chicago

Your delusional as usual.

LogicallyRight Loc: Chicago

For the intellectually challenged. You know who she is.

Say a woman run up a $33,000 debt on the credit card, that you are partially responsible for paying off. Her credit cards are maxed out. She wants an increase in her credit limit to $35,000. After all, she needs to make so many payments like gas, electric, cable, mortgage, car payments, insurance, retirement fund, tennis club, health club hair and nail salons, etc. And you only make so much money. But she can't get an increase unless you also sign on to it. And she refuses to negotiate.

Now some i***ts would say that you should just go out and earn more so there is more money to pay down the debt. Then the debt wouldn't rise so fast.

And these same i***ts would say that there is nothing to negotiate. Well, how about trying to return some of those shoes, lingerie, hand bags and new outfits you just bought, and haven't even used yet. And how about going to the hair and nail salons every three months instead of every month. And how about dropping either the health club or the tennis club. And stop all of those renovations and new construction on the house that we don't need. And stop paying for those people illegally camping in our back yard and raiding our refrigerator. And how about not paying for that big to do in Europe that is none of our business.

Now I don't know about you, but I can see a lot of areas were negotiations could take place. And they better start now. Because we aren't talking about just $33.000 debt but $33,000,000,000,000

Logically Right

Justice101

Right now we are only making payments going towards the interest only on the debt. There are several ways to cut spending that don't involve SS, Medicare or Medicaid. They need to be more efficient in discovering and eliminating the fraud in these programs that drive medical care costs up for everyone.

woodguru

The ceiling is an irrelevant marker, what you are saying is that no budget should ever be more than revenues coming in...easily fixed by putting taxes back to where they were when Bush cut them, close special interest loopholes, stop allowing corporations making billions to pay no taxes, aggressively go after tax c***ters, make the penalties hurt bad enough it isn't worth doing...

set caps on drug profits by ending their value based pricing system, regulate gasoline prices by using profits as a bench mark.

The debt ceiling has nothing to do with what congress agrees to spend...

woodguru

You are incapable of understanding logic, as usual

Justice101

Don't your credit cards have a maximum limit on them? Our Government should have a maximum limit as well, and seek to cut its gross over expenditures so to stay below that limit, be able to pay its obligations and service that debt in a timely fashion.

woodguru

You used an incorrect example...

say a family has a set income...it is less than goes out

expenses critical to the family are...
...food
...healthcare
...house payment
...utilities
...insurances on house, boat, and cars
these are things you are not going to cut

...they have two cars, one is a fancy BMW that has a large lease payment, the other is a mercedes
...they budget the money for going out to a restaurant every week, at a cost exceeding $700 a month
...they go to see movies, at a cost of almost a hundred dollars.
...they have a boat they use during the summer

Never in a million years would anyone cut their income as part of a financial plan, in fact it would be time to start looking at increasing revenue.

Never would you cut your healthcare system, insurances, or the bulk of the utilities that are what they are.

Never would you see yourself in trouble and cut the necessary things you need, downsizing cars would be on the table, getting rid of the boat, restaurants and movies.

woodguru

Spot on, the GOA has done the work on medicare fraud, they have identified billions of dollars that can be save through oversight that congress (GOP) has refused to allow

It has been estimated that aggressive IRS oversight and enforcement can generate $800 Billion dollars...again republicans will not support simply going after tax c***ters and fraud even when it has been promised to be on those making more than $400k (not working class people)

Tax cuts (recent) are costing as much as $400 Billion a year, more if we rolled back to pre Bush cut levels, add the elimination of special interest loopholes and giveaways, more...add a ceiling to the mortgage interest write off so something reasonable like $700k and it's more.

We could operate on a balanced budget if not surplus by going after reasonable tax reforms and IRS oversight on fraud.

woodguru

Raise taxes on the wealthy to pay off the debt...it's not even raising them, it's putting them back where they should be.

MidnightRider

The Paris Accord is a slush fund, yet we are paying into it. STOP! There should be no C*****e c****e programs it's a damn h**x, but Biden won't listen to scientists. Greta Thunberg and other perverted ones even though Greta admitted it was all for power and money much like AOC did years ago.

JR-57 Loc: South Carolina

Clueless.
There are plenty of programs and departments that can be eliminated.
Companies don’t pay taxes. Their customers pay the tax as part of the purchase price. Ever run a business or maybe even own one?

JR-57 Loc: South Carolina

Confiscate their entire wealth and t doesn’t cover the interest.

Maybe you can be the first to define; who are the wealthy? What level of assets defines wealthy?

JR-57 Loc: South Carolina

Congress would first need to investigate themselves if they want to eliminate tax fraud and insider trading.