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Debt ceiling 2021
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(10-04-2021, 04:07 PM)mikesez Wrote: What do we think of the debt ceiling standoff? There are a few problems with this. At some point this needs to stop. The "basic" problem is borrowing money in order to pay off money owed. That's pretty much the same as not being able to pay your credit card bill, so you raise the credit limit (borrow more money) to pay it. The second problem is that the democrats don't want to raise the debt ceiling to pay off existing debt, they also want to increase it enough to pay for their "green pipe dream" bill. In my analogy it's like borrowing money not only to pay your credit card bill, but also to buy something else. When you look at the claimed "$3.5T" green pipe dream bill that democrats want to push though, it's filled with massive pork. Another problem is that the democrats are claiming that their $3.5T pipe dream bill "won't cost anything" because they want to raise taxes on pretty much everyone. They target the "corporate tax rate" as well as "capital gains" and "estate taxes" in order to "get money from the wealthy". All three of those targets sound good to many people, but they don't realize just how much it would hurt everyone. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
Messages In This Thread |
Debt ceiling 2021 - by mikesez - 10-04-2021, 04:07 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-04-2021, 04:12 PM
RE: Debt ceiling 2021 - by mikesez - 10-04-2021, 04:34 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-04-2021, 04:55 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-04-2021, 04:55 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-04-2021, 04:56 PM
RE: Debt ceiling 2021 - by mikesez - 10-04-2021, 05:02 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-04-2021, 06:05 PM
RE: Debt ceiling 2021 - by mikesez - 10-04-2021, 06:55 PM
RE: Debt ceiling 2021 - by Sneakers - 10-05-2021, 12:02 PM
RE: Debt ceiling 2021 - by The Real Marty - 10-05-2021, 12:54 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-05-2021, 03:20 PM
RE: Debt ceiling 2021 - by The Real Marty - 10-05-2021, 03:38 PM
RE: Debt ceiling 2021 - by Senor Fantastico - 10-05-2021, 03:52 PM
RE: Debt ceiling 2021 - by flsprtsgod - 10-05-2021, 04:53 PM
RE: Debt ceiling 2021 - by Senor Fantastico - 10-05-2021, 10:52 PM
RE: Debt ceiling 2021 - by flsprtsgod - 10-06-2021, 07:57 AM
RE: Debt ceiling 2021 - by mikesez - 10-06-2021, 09:25 AM
RE: Debt ceiling 2021 - by Senor Fantastico - 10-06-2021, 02:24 PM
RE: Debt ceiling 2021 - by flsprtsgod - 10-06-2021, 05:52 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-04-2021, 05:28 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-04-2021, 08:55 PM
RE: Debt ceiling 2021 - by NewJagsCity - 10-05-2021, 12:35 AM
RE: Debt ceiling 2021 - by Norman Mushari - 10-05-2021, 10:58 AM
RE: Debt ceiling 2021 - by The Real Marty - 10-05-2021, 06:09 AM
RE: Debt ceiling 2021 - by americus 2.0 - 10-05-2021, 10:35 AM
RE: Debt ceiling 2021 - by The Real Marty - 10-05-2021, 11:21 AM
RE: Debt ceiling 2021 - by mikesez - 10-05-2021, 11:31 AM
RE: Debt ceiling 2021 - by jagibelieve - 10-05-2021, 03:33 PM
RE: Debt ceiling 2021 - by mikesez - 10-05-2021, 03:37 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-05-2021, 03:45 PM
RE: Debt ceiling 2021 - by Dimson - 10-06-2021, 12:13 AM
RE: Debt ceiling 2021 - by Lucky2Last - 10-05-2021, 03:47 PM
RE: Debt ceiling 2021 - by mikesez - 10-05-2021, 04:59 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-05-2021, 06:25 PM
RE: Debt ceiling 2021 - by mikesez - 10-05-2021, 07:02 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-05-2021, 12:09 PM
RE: Debt ceiling 2021 - by mikesez - 10-05-2021, 12:12 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-05-2021, 12:15 PM
RE: Debt ceiling 2021 - by mikesez - 10-05-2021, 12:52 PM
RE: Debt ceiling 2021 - by Lucky2Last - 10-05-2021, 02:42 PM
RE: Debt ceiling 2021 - by The Real Marty - 10-05-2021, 03:06 PM
RE: Debt ceiling 2021 - by jagibelieve - 10-06-2021, 04:45 PM
RE: Debt ceiling 2021 - by mikesez - 10-06-2021, 07:02 PM
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