EPTUS Politics Mega-thread - Page 488
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Read the rules in the OP before posting, please. In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. | ||
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packrat386
United States5077 Posts
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JonnyBNoHo
United States6277 Posts
On October 01 2013 12:48 acker wrote: You do know how the debt ceiling works, right? Congress has already spent the money being argued about. The whole debate is whether or not Congress will pay its creditors for the money it spent. You don't need to raise the debt ceiling to pay your creditors. | ||
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packrat386
United States5077 Posts
On October 01 2013 12:52 JonnyBNoHo wrote: You don't need to raise the debt ceiling to pay your creditors. If I'm not mistaken you do need to raise the debt ceiling to pay your creditors without just printing the necessary money. Our govt never *technically* has to default on debt because it can print dollars. That however would be a bad idea. | ||
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{CC}StealthBlue
United States41117 Posts
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packrat386
United States5077 Posts
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JonnyBNoHo
United States6277 Posts
On October 01 2013 12:53 packrat386 wrote: If I'm not mistaken you do need to raise the debt ceiling to pay your creditors without just printing the necessary money. Our govt never *technically* has to default on debt because it can print dollars. That however would be a bad idea. You can pay your creditors with your revenue and by rolling over existing debt. | ||
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{CC}StealthBlue
United States41117 Posts
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acker
United States2958 Posts
On October 01 2013 12:55 JonnyBNoHo wrote: You can pay your creditors with your revenue and by rolling over existing debt. You could also shoot your creditors or default. But I was under the impression we were talking about realistic solutions. | ||
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packrat386
United States5077 Posts
On October 01 2013 12:56 {CC}StealthBlue wrote: Shut down is now in effect according to the White House and Budget Office. Well whoop-de-doo -_- | ||
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{CC}StealthBlue
United States41117 Posts
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DoubleReed
United States4130 Posts
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packrat386
United States5077 Posts
On October 01 2013 13:00 DoubleReed wrote: Better they get their tantrum out of the way on the government shutdown rather than the debt ceiling. Hopefully it won't last too long. Yeah. I would be surprised if this didn't reflect on the reliability of US credit though. | ||
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Mohdoo
United States15743 Posts
Thank you, tea party!! | ||
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JonnyBNoHo
United States6277 Posts
On October 01 2013 12:58 acker wrote: You could also shoot your creditors or default. But I was under the impression we were talking about realistic solutions. It's realistic to prioritize creditors over other spending. | ||
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{CC}StealthBlue
United States41117 Posts
On October 01 2013 13:00 DoubleReed wrote: Better they get their tantrum out of the way on the government shutdown rather than the debt ceiling. Hopefully it won't last too long. Except Boehner no longer controls the Republican Party, the lunatics who hate big government do. | ||
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packrat386
United States5077 Posts
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{CC}StealthBlue
United States41117 Posts
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Introvert
United States4999 Posts
They've happened before, and they will again. Not too worried. | ||
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packrat386
United States5077 Posts
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KlaCkoN
Sweden1661 Posts
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