Skip to comments.Number one reason not to raise the debt limit
Posted on 06/09/2011 5:29:51 PM PDT by Jim Robinson
Dear Mr President,
When you're head over heels in debt and your credit cards are maxed out and your credit rating is falling, you don't borrow more money. If you do, your chances of defaulting or going bankrupt are greater and your credit worthiness decreases.
Don't raise the limit. Don't borrow. Cut the spending, stupid!
You want to spur jobs and growth? Easy. Cut the spending, cut the government, cut the regulations, cut the red tape, cut the bureaucracy, lower the taxes and get the hell out of the way! Our people will produce if allowed.
And what's this crap about bankrupting the coal and gas industries? Are you a natural born idiot or do you have to work at it every damned day?
If only his goal was to fix the problem. Things are going just the way they want. One world order run by the UN.
The government is not a revenue producing entity. Every dollar it removes out of the economy through spending is one less dollar that is part of the economic cycle. This is akin to a farmer eating all his corn (and all his neighbor’s corn as well) instead of planting it.
Thanks so much. Want to run for President?
It would at least be more honest for the Dems to present the following:
"RESOLVED. That the debt limit of the United States shall be a quintillion, bazillion, skadillion dollars."
We could fill the Grand Canyon with all the printed money, and Ben Bernanke could swan dive into it and swim around like Scrooge McDuck.
He and his Ivy League financial advisors are doing the exact opposite to what I do to get my budget balanced. Since I didn’t attend Harvard I must be doing it all wrong.
We are on the same path that many failed nations followed in recent history.
Where we are headed is a devaluing of the currency. Once that happens, the dollar will be on the fast-track to total replacement.
Unfortunately, the pink-tie wearing cry baby will play golf with Obammie the Commie, who will smooth-talk him. Boehner will cave. The debt ceiling will be raised. Not only will there be no spending cuts, there will be additional spending. I’m still undecided whether they can pull off a QE3, but tend to think it will happen. This is what Obammie the Commie needs to hold off sheer economic collapse before 2012. This is all to get him reelected.
I said 6 months ago that in June or so you’d start hearing throughout the media how the economy is headed for a crisis. This is because the stimulus is running out and all the central-planners and socialists and communists want another round of monetized debt.
But they are forgetting the law of diminishing returns. If they do a QE3, it may not carry us through 2012. That play has been run and the laws of monetary science will react against it.
You go, Big Daddy.
Amen, amen, amen. Yet our senators and representatives are like junkies who can’t say no to another spending fix. Beg borrow or steal to keep the spending drug coming. That is why we can’t raise the debt ceiling—it may force them to go cold turkey. There is no way anyone would allow it to turn into a default. That’s all propaganda.
Champions are born with it but all will admit they have to work hard at it too.
And when it comes to idiots, Obama is a champion.
Compare this to Biden who probably has more natural born talent at this than Obama. He clearly doesn't work as hard, however.
GRRRRRRRRRRRREAT post, Jim! Thanks.
#1 Reason to NOT raise the debt ceiling?
Population in 1987 - 242 Million
Budget in 1987 - $1 TRILLION
Population in 2011 - 308 Million
Budget in 2011 - $3.9 TRILLION
Rate of population growth since 1987 - 27%
Rate of growth in government spending since 1987 - 390%
How in the world can we be in a position where government spending is increasing 15 TIMES faster than population growth - and still politicians tell us they cannot cut anything?
You know, it's really sad when the debate centers around the question of whether the
Wee Wee is intentionally destroying the U.S. economy, or he is merely dumber than
a rock and lazier than a slug.
What if instead of threatening to NOT raise the debt limit, instead the Republicans threaten to raise the debt limit by, oh say, 100 trillion.
After all that's about how much we owe, or will owe, with all of our prior commitments to Soc Sec, Medicare, pensions, etc.
Raising the debt limit by 100 trillion would have the same destabilizing effect as not raising it all. It would have the added advantage, however, of being honest. After all, do we really expect our congresscritters to get serious about the government debt any time soon?
Just a crazy idea I thought I'd throw out there just to see what y'all think about it.
Yes, I suspect Obama’s new golfing buddy Boehner is going to cut a deal. Eventually the rising multi-trillion dollar debt will collapse the economy and austerity measures will be unavoidable. It is just a matter of when.
I have an idea. Lets start by deep sixing Obamacareand cutting taxes. Note new tagline
It's a cop-out and we as Americans aren't bred to be followers, we are leaders who show the rest of the world how to do it!
THAT is the #1 reason.
I think that’s a great idea. There’s a big government boondoggle program you can totally eliminate without affecting anyone in a negative manner. It’d be a total positive gain all around.
Absolutely. Then we can follow up by abolishing depts of education, HUD, and the Natl endowment for the arts. We can adopt the flat or fair tax and abolish the IRS. And I’m just getting started. Anyone want to join the party? Let’s come up with a list of useless depts that can be banned, saving trillions.
This would fall on HUGE, deaf ears.
Little Stevie Dunham doesn’t WANT America to come out of the depression......
He wants to DESTROY America. All of this IS intentional.
I just knew eventually that natural born thingie would be solved one day!
Oh and I saw Herman Cain and a financial type guru guy say essentially the same thing on the TV.
And one of the guys leaving his financial team left because that is the way he sees it also.
Right on Jim.
I’ll start here. If it’s not on this list of enumerated powers (referring to original intent), it’s unconstitutional and must be abolished:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
“He wants to DESTROY America. All of this IS intentional.”
Yes. Al Qaeda.....does mean “The Base.” Fundamental jiha....oops...change anyone?
After all. “The Audacity of Hope” in the Indonesian title is actually “Jihad: from Jakarta to the White House”
The 2009 January reading list included Weimar Republic history and tenets. But, things weren’t going fast enough, and wham! That fat lip this past Christmas must have made him think!
It’s the gym. The exercise has given 0bama/Soros insights into how to kill the US faster! I guess we could ask Erskine Bowles. He has the direct line to both.......
Jim’s been saying those things for at least 15 years, right here.
Maybe Sarah is stealing Jim’s lines.
Great place to start and finish. I’m with you all the way. Now if only we had the legislature and judiciary on our side. Sigh
Employment is an impediment to any good Marxist's objectives!!
I'll huff and I'll puff till I blow your economy in.
The debt bomb has already gone off! We are just waiting for the shockwave to reach our house! No shelter and no place to go...
Winning rule in 2012: Direct political attack on Obama!
Hopefully Zer0's massive incompetence will move more non-blacks to vote against him in 2012. We'll see.
Countdown until Obama leaves Office: 590 days as of June 9, 2011.
If we can hang on until 2013, maybe those things will happen.
I’d go with natural born idiot AND he has to work
at it every day too.
I am Jim Thompson!
Jim, please don't take this the wrong way. What makes you think they want us to produce? What makes you think they want us prosperous and taking care of ourselves? Have you seen a single shred of evidence for that?
No, Jim. The last thing Obama and his crowd wants is a strong, well fed, gainfully employed, taking care of itself America. Obama and those he's surrounded himself with have proved that in both word and deed.
They want power over us and there's no way to rule a country that isn't on its knees. So, that's what they're trying to do. What they're doing isn't being done out of stupidity.
It's being done out of malice.
Jim, you are assuming that all of the economic woes currently affecting America are based in incompetence, and surely Obama and his administration must want to listen to reason.
The reality is that the destruction we are witnessing is part of a greater sinister plan to bring about a fall of the republic.
Jim, I rarely disagree with you, but your question to Obama implies that he does, in fact, want to create jobs and promote growth in the US.
Try as I might, I just cannot believe he really wants that.
Fulfillment of the Cloward Piven strategy seems much more likely to be one of his primary aims. Certainly his actions, as well as more than a few of his words, support this conclusion...
Now if only that were in the news cycle...
It’s like the folk song of the old woman who swallowed a fly for unknown reasons, then followed that up by swallowing larger and larger creatures each in an attempt to take care of the previous one, until she died upon swallowing a horse.
There isn’t any “stopping place” for lefties, until external constraints restrain further progress of “progressives.”
Lets hope she is!....Hope Jim sends her lots of stuff to use as she sees fit...
“Are you a natural born idiot...?”
He’s just a common idiot JimRob, DEFINITELY NOT a natural born one!!
It’s so simple. It makes sense. It always works.
Want complication, restriction, and illogic? Call in a leftist.
And what's this crap about bankrupting the coal and gas industries? Are you a natural born idiot or do you have to work at it every damned day?And what's this crap about bankrupting the coal and gas industries? Are you a natural born idiot or do you have to work at it every damned day?I'm pretty sure he takes, 'STOO-PID™ Pills'.
I have the trademark but I forgot to patent the pills :-)