Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion.

gibby08 wrote: Explain to me WHY he should have had press there??

This had already been passed by congress and everyone knew it was coming....so it really wasn't a big deal

gibby08 wrote:This isn't THAT big of an issue

This needed to be done....people knew it was coming....it's not a big deal

derek bomar wrote: I find it funny that conservatives are up in arms about the Debt but every attempt to address it so far has been shot down by them in Congress....Republicans in congress aren't gonna lower the debt, they can't even agree on a fucking panel to look into it...

I Wear Pants wrote: So what are they supposed to do if the debt projections exceed the ceiling?

I hate seeing this raised as much as anyone but it's not like we can just shut the whole place down because we went over what is at this point an arbitrary number.

Actually, what would happen if we went above the debt ceiling?

I Wear Pants wrote:Actually, what would happen if we went above the debt ceiling?

believer wrote:

I Wear Pants wrote:Actually, what would happen if we went above the debt ceiling?

Oh I dunno....how about reducing fraud, waste, abuse, and redundancy across-the-board in all aspects of federal spending for starters?

REDUCE the size and scope of Big Government and then let's talk about raising the debt ceiling.

It's like giving my daughter a credit card with a $5,000 limit which she subsequently runs to the limit and then comes to me and wants me to call the bank to have the limit raised to $10,000 because she's not finished with her spending spree.

If I sign off on that am I an idiot or should I just shrug and say, "What would you have me do? She's maxed out and needs more stuff. It's really no big deal."

I Wear Pants wrote: I don't think a daughters spending spree quite equates to the many necessary things that the government does. They also do unneeded things which is why people are so upset but it's hard to separate them.

believer wrote:

derek bomar wrote: I find it funny that conservatives are up in arms about the Debt but every attempt to address it so far has been shot down by them in Congress....Republicans in congress aren't gonna lower the debt, they can't even agree on a fucking panel to look into it...

The problem with your argument is that you mistakenly equate conservatives with Republicans. Most conservatives I know are equally angry at Republicans for spending like Democrats.

Both parties need a budgetary enema.

Besides asking a Dem-controlled Congress to "look into lowering the national debt" is like asking the inmates to run the asylum. Oh wait...that's already the case.

ccrunner609 wrote:

I Wear Pants wrote: June 28, 2002
116 Stat. 734 Increased the debt limit to 6,400.0

May 27, 2003
117 Stat. 710 Increased the debt limit to 7,384.0

November 19, 2004
118 Stat. 2337 Increased the debt limit to 8,184.0

March 20, 2006
120 Stat. 289 Increased the debt limit to 8,965.0

September 29, 2007
121 Stat. 988 Increased the debt limit to 9,815.0

July 30, 2008
122 Stat. 2908 Increased the debt limit to 10,615.0

October 3, 2008
122 Stat. 3790 Increased the debt limit to 11,315.0

Links? I would love to see what bills they tied these to so they would pass? Maybe military spending? I gaurentee that these were line items in a much bigger piece of legislation.