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Debt ceiling...What does it mean?
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Sep 21, 2021 05:55:25   #
skyrider
 
proud republican wrote:
Dems want to raise Debt Ceiling....Can somebody tell me what it means? And if it's a good idea?


It no longer means anything P.R. Now, it is just print money and spend whatever they feel like spending.
This will work until it doesn't work any longer, at which point the financial system will collapse and the Dollar
will only be good to burn for heat to keep from freezing in the winter. Which winter? Likely 2023.

Reply
Sep 21, 2021 09:17:41   #
Milosia2 Loc: Cleveland Ohio
 
MajG wrote:
Milosia never disappoints. No grasp of reality at all! Republicans were the only ones borrowing money for stupid porkulous even tho DEMS were in charge for 40 years, right? The evil Trump engineered a tax cut for all working Americans. I guess people making more than $4 an hour are "The evil rich" to these fools. Government spending as a whole is disgusting and corrupt no matter who is in charge. It's a bloated monster that grew like cancer. We could eliminate 1/3 to 1/2 of cabinet agencies and act like adults. Start with ED. They educate no one and never have. A Carter creation of leaches.
Milosia never disappoints. No grasp of reality at ... (show quote)


Don’t believe me.
We send $3Trillion per year to pay interest on loans. This money is paid to people who already have more than they could spend in 100 lifetimes.
Or just deny it say I’m wrong.
We pay interest on the loans we take out, like trump giving $3Billion in tax breaks to rich people …..during a time of war.
Please don’t believe me, I wish it wasn’t so, too.

The government agencies served a purpose. Getting rid of government agency’s to give more money to rich people is just upside down.
What have those people who now own your silly ass done for you lately ????
When the top .01 % of the population owns 85% of this country’s wealth why would you defend them.
Government is not the Enemy……..to you !
Only to the rich aholes that hate government. Because the government has more power to tell them what to do , or what not to do.
And now they have fools like you running around doing all of their fighting……
Against…….you !
Eye Roll here X <

Reply
Sep 21, 2021 09:21:39   #
Milosia2 Loc: Cleveland Ohio
 
skyrider wrote:
It no longer means anything P.R. Now, it is just print money and spend whatever they feel like spending.
This will work until it doesn't work any longer, at which point the financial system will collapse and the Dollar
will only be good to burn for heat to keep from freezing in the winter. Which winter? Likely 2023.


You haven’t said where we should get the money for a robust economy.
If the money is locked up in rich people’s garages , it isn’t circulating in the economy. Rich people don’t spend money, it’s against their nature.
Poor people don’t have a choice.

Printing more money doesn’t work. The excess printed still goes to the black hole of the deficit created by borrowing and spending money. Remember the government shutdowns over budget. It wasn’t because there wasn’t money to pay it, it was because all of the money we had went to pay interest on Republican Loans.

Reply
 
 
Sep 21, 2021 09:32:48   #
Milosia2 Loc: Cleveland Ohio
 
MajG wrote:
Milosia never disappoints. No grasp of reality at all! Republicans were the only ones borrowing money for stupid porkulous even tho DEMS were in charge for 40 years, right? The evil Trump engineered a tax cut for all working Americans. I guess people making more than $4 an hour are "The evil rich" to these fools. Government spending as a whole is disgusting and corrupt no matter who is in charge. It's a bloated monster that grew like cancer. We could eliminate 1/3 to 1/2 of cabinet agencies and act like adults. Start with ED. They educate no one and never have. A Carter creation of leaches.
Milosia never disappoints. No grasp of reality at ... (show quote)


Where did all of the money go from the deletion of the Agencies trump got rid of ?
We saved a pile but we’re still broke. Where did all the money go ?
Please, by all means explain this.

Carter balanced his budget ….twice. As did Clinton twice and also left a surplus for Bush 43 to give away as tax breaks for rich people.
Where did All The Money Go ???

Reply
Sep 21, 2021 09:47:03   #
lindajoy Loc: right here with you....
 
Milosia2 wrote:
It’s still the Two Santa Claus Theory, by
Jude Waniskey
Keep the spending up so there’s no money to spend while Dems are in office.
Simple Republican economics.
No Santa for you , boo boo !

Think about it.
Did we have any problems giving rich people tax breaks during a time of Afghanistan War.
Nope.
Did McConnell ever sign one bill that would benefit you ?
Nope.
Do we have any trouble giving rich people
$3trillion per year in interest ??????
Nope.
Military ?
Nope.
Your Healthcare,
No Way !!!!!!!
It’s still the Two Santa Claus Theory, by br Jude... (show quote)


Wth??? How do you manage in a day???What does your rant here have to do with
The ceiling debt???

Regardless of the party in control all they do is increase the ceiling debt, good grief, do you follow anything but BS????

You do understand a bipartisan format right???

In the Bipartisan Budget Act of 2019, “Congress”, the only one that can modify, suspended the federal debt ceiling through July 31, 2021. As of August 1, federal debt has reached the statutory limit or ceiling...

The debt ceiling does not control the amount of debt. Instead, it is an after-the-fact measure that restricts the Treasury’s ability to borrow to finance the decisions already enacted by Congress and the President.
Delays in raising the debt ceiling can disrupt financial markets, increase U.S. borrowing costs, and threaten the full faith and credit of the United States.

Like Bo’s down grade of our credit remember that horrific embarrassment ??? Of course you don’t....



Try a bit of educating yourself before embarrassing yourself even more~~~

https://www.gao.gov/blog/federal-debt-has-reached-its-ceiling.-what-does-mean

Reply
Sep 21, 2021 14:31:19   #
MajG
 
lindajoy wrote:
Wth??? How do you manage in a day???What does your rant here have to do with
The ceiling debt???

Regardless of the party in control all they do is increase the ceiling debt, good grief, do you follow anything but BS????

You do understand a bipartisan format right???

In the Bipartisan Budget Act of 2019, “Congress”, the only one that can modify, suspended the federal debt ceiling through July 31, 2021. As of August 1, federal debt has reached the statutory limit or ceiling...

The debt ceiling does not control the amount of debt. Instead, it is an after-the-fact measure that restricts the Treasury’s ability to borrow to finance the decisions already enacted by Congress and the President.
Delays in raising the debt ceiling can disrupt financial markets, increase U.S. borrowing costs, and threaten the full faith and credit of the United States.

Like Bo’s down grade of our credit remember that horrific embarrassment ??? Of course you don’t....



Try a bit of educating yourself before embarrassing yourself even more~~~

https://www.gao.gov/blog/federal-debt-has-reached-its-ceiling.-what-does-mean
Wth??? How do you manage in a day???What does your... (show quote)


Well said Linda. I was going to try and explain the details on a couple issues but that's like teaching a fish to play the piano with Milosia. A 3rd grade intellect is closed to big thoughts such as bipartisan. People who live on hate and envy are incapable of learning.
Too lazy to answer their own questions:. Where does the Fed Gov spend money? DUH. Look it up it's available in all its disgusting glory.
NEWS FLASH: The government of fools we have now can control the "Rich People?" Funny. The Government we have IS the rich people. That info is available too. Heritage Foundation, others if you google government waste.
So that's it for today. I'm going to go and teach nuclear fission to a duck, it's easier.

Reply
Sep 21, 2021 18:22:55   #
elledee
 
proud republican wrote:
Dems want to raise Debt Ceiling....Can somebody tell me what it means? And if it's a good idea?


What is the purpose of a debt ceiling if you can raise it at will....career politician's need to be put in front of a firing squad ☠

Reply
 
 
Sep 21, 2021 19:18:49   #
DotsMan
 
proud republican wrote:
Dems want to raise Debt Ceiling....Can somebody tell me what it means? And if it's a good idea?


It means absolutely nothing.

Reply
Sep 21, 2021 20:37:11   #
lindajoy Loc: right here with you....
 
MajG wrote:
Well said Linda. I was going to try and explain the details on a couple issues but that's like teaching a fish to play the piano with Milosia. A 3rd grade intellect is closed to big thoughts such as bipartisan. People who live on hate and envy are incapable of learning.
Too lazy to answer their own questions:. Where does the Fed Gov spend money? DUH. Look it up it's available in all its disgusting glory.
NEWS FLASH: The government of fools we have now can control the "Rich People?" Funny. The Government we have IS the rich people. That info is available too. Heritage Foundation, others if you google government waste.
So that's it for today. I'm going to go and teach nuclear fission to a duck, it's easier.
Well said Linda. I was going to try and explain th... (show quote)


Lololol do appreciate your humor, most enjoyed in this cesspool of the deaf, dumb and blind ducks, swimming around with those bottom feeder fishy’s full of nucleur fissions already~~~

Much appreciated..😂

“Government elite” like to keep those mega bucks they earn from those special interest “book deals” on the downlow~~~Off shore no less~~

Or those other extra elite money men like the Soros,Gates, and the Morgans, Rothchilds, Lehman, Goldmans et-al..You know the federal reserve cartel buddies of big cabal oh and just to be inclusive lets not forget the Koch brothers or that Russian oil tycoon, something Fridman~~~

Now you’ve done it...

Reply
Sep 21, 2021 20:59:45   #
Sabata
 
proud republican wrote:
Dems want to raise Debt Ceiling....Can somebody tell me what it means? And if it's a good idea?


Google is your friend.

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