Mid-October deadline to raise U.S. debt limit

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  • Deleted user 1 September 2013 17:58:30
    The United States is set to run out of borrowing authority in mid-October, leaving the government at a high risk.. cont:
    http://articles.washingtonpost.com/2013-08-26/business/41447190_1_debt-limit-borrowing-authority-treasury-secretary-jack-lew

    If the US has debt's, and a debt limit, what purpose is the limit, if they can simply raise it each time?

    Edited by blacksea at 17:58:50 01-09-2013
  • Khanivor 1 Sep 2013 18:04:38 41,299 posts
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    Not sure why they started using it, probably some procedural stroke opportunity. But it's now a fucking farce. The House approves a budget, a plan to spend a certain amount if money. They know that amount will require a raising if the limit. They wait a few months and then have hysterics over the state of the debt which they knowingly and deliberately added to.

    It's pure political theater now. Theater with the potential to destroy lives around the world. Those involved should, IMO, be tried for crimes against the state. They are making demands, which if not met, will materially harm the country. They are terrorists.
  • Deleted user 1 September 2013 20:15:43
    Maybe they should announce they can't help Syria, as they need to save money, and blowing it on missiles makes no sense.

    Or

    They need the money, as Syria controls Mideast oil, and gas pipelines, that run through the area.
  • Deleted user 3 September 2013 21:54:40
    The American people know that Washington has a spending problem, and they won't support another increase in the debt limit without meaningful action to reduce spending and reform government.

    The Congressional Budget Office tells us that the federal government will spend $640 billion more than it takes in this year. Over the next 10 years, CBO estimates we will borrow and spend $6.3 trillion more.


    http://www.usatoday.com/story/opinion/2013/09/02/debt-limit-spending-cuts-john-boehner-editorials-debates/2755977/
  • Dangerous_Dave 11 Sep 2013 20:29:08 21 posts
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    That debt ain't getting any smaller. I'm no economist, but I wonder if a msuhrooming debt is sustainable in the future?
  • SirScratchalot 11 Sep 2013 20:48:06 7,877 posts
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    @Khanivor
    Please,please,please Khani.. don't use the terrorist word.
    I'd really prefer to get back to just plain calling creeps criminals or hostage-takers.
  • ED209 11 Sep 2013 21:03:38 505 posts
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    As long as they keep making Adam Sandler movies, they can rack up as much debt as they want as far as I am concerned.

    Samantha Janus?

  • LeoliansBro 11 Sep 2013 21:13:02 44,966 posts
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    Yeah, they did this two years ago as well.

    LB, you really are a massive geek.

  • Moot_Point 2 Oct 2013 14:11:46 4,632 posts
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    YOINK.... Out pops the electric plug! Article

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    mowgli wrote: I thought the 1 married the .2 and founded Islam?

  • spamdangled 2 Oct 2013 14:16:54 27,502 posts
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    Didn't Clinton go through something like this as well? And he stood his ground, and the Republicans eventually backed down?

    3DS: 4055-2781-2855 Xbox: spamdangled PSN: dark_morgan Wii U: Spamdangle Steam: spamdangled

  • RedSparrows 2 Oct 2013 14:18:43 24,314 posts
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    Slate did a great piece on how this'd be viewed from abroad, written in the style of US pieces that look at foreign countries.

    i.e. 'WTF?!'
  • Moot_Point 2 Oct 2013 14:47:52 4,632 posts
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    I find USA politics bizzare in all fairness. Do their politicians know about compromising?

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    mowgli wrote: I thought the 1 married the .2 and founded Islam?

  • spamdangled 2 Oct 2013 15:03:51 27,502 posts
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    Don't be daft ;)

    Edited by darkmorgado at 15:04:04 02-10-2013

    3DS: 4055-2781-2855 Xbox: spamdangled PSN: dark_morgan Wii U: Spamdangle Steam: spamdangled

  • Deleted user 3 October 2013 08:51:36
    Didn't Clinton go through something like this as well?
    More than once apparently:



    Anyway it's all to the good: the more preoccupied the U.S. is with internal concerns, the less trouble it will create overseas. Here's hoping they set a new record.
  • glaeken 3 Oct 2013 09:59:38 11,266 posts
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    I think the difference since Clinton is the Republicans have levelled up to max insanity since then. The Republicans Clinton faced would be considered pretty moderate now.
  • Deleted user 3 October 2013 19:43:11
    Could China and Japan (the two largest foreign lender's to the US) offer alternative repayment methods to ease the debt, and take US national treasures instead.
  • cubbymoore 3 Oct 2013 19:56:48 36,507 posts
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    What, like Jon Stewart?
  • Deleted user 3 October 2013 21:28:12
    cubbymoore wrote:
    What, like Jon Stewart?
    Haha - whatever it takes to bring the debt down. What's Jon Stewart's worth?
  • jimbogreen 3 Oct 2013 22:03:21 88 posts
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    1/20th a Jackie Chan. Or they could have Jet Li in exchange for Jon Stewart and a Jetski.

    Edited by jimbogreen at 22:06:53 03-10-2013
  • jimbogreen 6 Oct 2013 16:06:29 88 posts
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    Anyone have any wisdom on what the situation is? I see some discussions on the internet calling the Republicans all sorts of names, like terrorists, but what is the truth of the matter?

    Edited by jimbogreen at 16:08:03 06-10-2013
  • Moot_Point 6 Oct 2013 16:14:58 4,632 posts
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    It's a load of bollox, this is just an act to manipulate the markets. I doubt anything will come of it, because the 1% like their standard of living too much for their to be an economic collapse.

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    mowgli wrote: I thought the 1 married the .2 and founded Islam?

  • Tonka 6 Oct 2013 19:55:03 21,368 posts
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    They are doing this so that people will forget about the Snowden affair.

    If you can read this you really need to fiddle with your forum settings.

  • jimbogreen 6 Oct 2013 20:08:52 88 posts
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    Maybe America needs to split into different countries like that Russian guy predicted.
  • Kostabi 6 Oct 2013 20:12:54 5,107 posts
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    jimbogreen wrote:
    Maybe America needs to split into different countries like that Russian guy predicted.
    If Scotland thinks it can cope alone I'm sure Texas and California will have no trouble getting by, however unlikely it might be.
  • jimbogreen 6 Oct 2013 21:12:05 88 posts
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    If Scotland thinks it can cope alone
    Yeah, but everything must seem like a good idea when you're pissed out of your brain all the time.
  • Deleted user 6 October 2013 21:16:34
    jimbogreen wrote:
    Maybe America needs to split into different countries like that Russian guy predicted.
    You mean build a White-house in every state.
    That would create 50 (or is it 52) job opportunities for budding Presidents. A win win situation!
  • Deleted user 6 October 2013 21:23:49
    They already have governor's mansions and capitol buildings for every state anyway.

    Not that it'll actually happen. Shutdowns aren't unprecedented. It's just more dramatic now because news reporting has changed.
  • spamdangled 6 Oct 2013 21:30:49 27,502 posts
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    I think it will just backfire. On the republicans, frankly. It's all over Obama care, and most Americans like that. It's the tea party and the rightwi g throwing their weight around because it's the second term of a democratic president. Clinton broke them, pretty sure Obama will too.

    3DS: 4055-2781-2855 Xbox: spamdangled PSN: dark_morgan Wii U: Spamdangle Steam: spamdangled

  • Deleted user 6 October 2013 22:37:02
    I mean that shutdowns are more common than people think. The news media in the past 10-20 years has dramatically changed emphasis from factual-to-opinion-to-hyper-exaggeration and scaremongering. So this shutdown has caused rolling 24 hour reports of "THE US IS GOING TO COLLAPSE". It's a big problem, sure, but it's not the end of government as we know it. A few mongs on Facebook screaming about revolution does not a civil war make.
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