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by Nigerian Kenya » Wed Sep 25, 2013 8:45 am

by Greed and Death » Wed Sep 25, 2013 8:48 am

by Greed and Death » Wed Sep 25, 2013 8:49 am

by Divair » Wed Sep 25, 2013 8:50 am
Nigerian Kenya wrote:It's Official. If the debt ceiling isn't raised in time, the united states will run out of extraordinary measures at 12:00:01 AM on October 18th, 2013 (The new debt ceiling 'X' date) . The Treasury will have about $30 Billion on hand then, plus revenue coming in, but no ability to borrow money. This is insufficient since daily bills can sometimes be as high as $60 Billion. We will be forced to either prioritize some bills above others, or literally default on some of our obligations to free up room below the debt ceiling.
So, what do we do? Well, if 2011 is any indication, working out a large agreement to reduce the budget deficit takes months, and we have less than 25 days to go. Here's a simple three step process to resolve this crisis without defaulting.
1. Keep the government running through the end of January, with ObamaCare in place. Ensure that until a deal is reached to avoid this, the remaining 9 years of sequester cuts are implemented.
2. Raise the debt ceiling to $17,300,000,000,000.00 , and attach it to construction of the Keystone Pipeline, but nothing else. Democrats will look bad if they oppose such a lenient condition for $600,578,904,326.40 of additional headroom, especially when we're so close to the X date, and it will pass.
3. Now that you've got some time, begin negotiating how to balance the budget by the end of fiscal 2030. Democrats have stated willingness to negotiate on the budget when we're not in a debt ceiling crisis - so negotiations will actually start. However, as a rule, raise the debt ceiling as little as possible above the 17.3 trillion level until a deal is reached for balancing the budget by the end of fiscal 2030.
Oh, almost forgot. Source for the new X date: http://www.treasury.gov/Documents/Debt% ... oehner.pdf

by Starkiller101 » Wed Sep 25, 2013 8:57 am

by Nigerian Kenya » Wed Sep 25, 2013 8:58 am

by Greed and Death » Wed Sep 25, 2013 9:03 am
Nigerian Kenya wrote:greed and death wrote:and I would prefer this go on long enough that even essential services are cut.
Under any government shutdown, all essential services remain. Even if a shutdown goes on for a year or more, all essential services are still there, because they are part of mandatory spending - spending that is on autopilot until the end of time unless congress votes to amend it. The services that are cut or furloughed during a shutdown are all within discretionary spending - spending that must be re-approved each and every fiscal year.

by Nigerian Kenya » Wed Sep 25, 2013 9:06 am
greed and death wrote:Nigerian Kenya wrote:Under any government shutdown, all essential services remain. Even if a shutdown goes on for a year or more, all essential services are still there, because they are part of mandatory spending - spending that is on autopilot until the end of time unless congress votes to amend it. The services that are cut or furloughed during a shutdown are all within discretionary spending - spending that must be re-approved each and every fiscal year.
yeah lets vote to shut down tax collection and see how long that last.

by Antheiopia » Wed Sep 25, 2013 9:08 am

by Greed and Death » Wed Sep 25, 2013 9:11 am

by Phalnia » Wed Sep 25, 2013 9:17 am
Antheiopia wrote:It won't happen, they were panicking last year about a shutdown but nothing happened.

by Greed and Death » Wed Sep 25, 2013 9:21 am

by The Black Forrest » Wed Sep 25, 2013 10:18 am
Sibirsky wrote:Uieurnthlaal wrote:
Common sense:
Regulations, by their very definition, restrict freedom. An absence of regulation, by its very definition, leaves freedom be.
I don't want a convoluted argument that may or may not be right. This isn't ancient Greece. I require a higher standard of evidence than speculative arguments.
See the edit. Evidence of how this happens was provided.
Yes, regulations restrict freedom. And cost money to comply with, as I already said.
Absence of regulations, means the government will not be controlled by corporations.
Fun fact. One of the first taxes Obama raised as president was the tobacco tax. The move was widely supported by Altria.
Explain to me why a manufacturer would support an increase in their product, without any of the extra revenue going to them, but instead, the federal government?

by The Black Forrest » Wed Sep 25, 2013 10:19 am

by Ashmoria » Wed Sep 25, 2013 10:21 am
Nigerian Kenya wrote:It's Official. If the debt ceiling isn't raised in time, the united states will run out of extraordinary measures at 12:00:01 AM on October 18th, 2013 (The new debt ceiling 'X' date) . The Treasury will have about $30 Billion on hand then, plus revenue coming in, but no ability to borrow money. This is insufficient since daily bills can sometimes be as high as $60 Billion. We will be forced to either prioritize some bills above others, or literally default on some of our obligations to free up room below the debt ceiling.
by Sibirsky » Wed Sep 25, 2013 11:54 am
Cuttrejul wrote:Sibirsky wrote:See the edit. Evidence of how this happens was provided.
Yes, regulations restrict freedom. And cost money to comply with, as I already said.
Absence of regulations, means the government will not be controlled by corporations.
Fun fact. One of the first taxes Obama raised as president was the tobacco tax. The move was widely supported by Altria.
Explain to me why a manufacturer would support an increase in their product, without any of the extra revenue going to them, but instead, the federal government?
Lol, no reply. But what do you expect from liberals when presented with evidence and logic that contradicts their ideology?
by Sibirsky » Wed Sep 25, 2013 11:57 am
The Black Forrest wrote:Sibirsky wrote:See the edit. Evidence of how this happens was provided.
Yes, regulations restrict freedom. And cost money to comply with, as I already said.
Absence of regulations, means the government will not be controlled by corporations.
Fun fact. One of the first taxes Obama raised as president was the tobacco tax. The move was widely supported by Altria.
Explain to me why a manufacturer would support an increase in their product, without any of the extra revenue going to them, but instead, the federal government?
You mean regulations like this?
http://www.washingtonpost.com/business/ ... rc=nl_tech
How is that a bad idea?
by Sibirsky » Wed Sep 25, 2013 11:58 am
Nigerian Kenya wrote:It's Official. If the debt ceiling isn't raised in time, the united states will run out of extraordinary measures at 12:00:01 AM on October 18th, 2013 (The new debt ceiling 'X' date) . The Treasury will have about $30 Billion on hand then, plus revenue coming in, but no ability to borrow money. This is insufficient since daily bills can sometimes be as high as $60 Billion. We will be forced to either prioritize some bills above others, or literally default on some of our obligations to free up room below the debt ceiling.

by Death Metal » Wed Sep 25, 2013 12:38 pm

by Agritum » Wed Sep 25, 2013 12:43 pm
Death Metal wrote:And the Senate has voted down the AHCA defunding measure.
And guess how many yays it got?
Go on, guess. Say the number to yourself before opening the spoiler below.If you guess ZERO yays? You were right. Even TED CRUZ voted nay.
http://www.cnn.com/2013/09/25/politics/ ... index.html
Some faith in humanity has been restored!

by The New World Oceania » Wed Sep 25, 2013 12:44 pm

by Divair » Wed Sep 25, 2013 12:46 pm
Death Metal wrote:And the Senate has voted down the AHCA defunding measure.
And guess how many yays it got?
Go on, guess. Say the number to yourself before opening the spoiler below.If you guess ZERO yays? You were right. Even TED CRUZ voted nay.
http://www.cnn.com/2013/09/25/politics/ ... index.html
Some faith in humanity has been restored!

by Death Metal » Wed Sep 25, 2013 12:57 pm
Divair wrote:Death Metal wrote:And the Senate has voted down the AHCA defunding measure.
And guess how many yays it got?
Go on, guess. Say the number to yourself before opening the spoiler below.If you guess ZERO yays? You were right. Even TED CRUZ voted nay.
http://www.cnn.com/2013/09/25/politics/ ... index.html
Some faith in humanity has been restored!
What the hell just happened. The Senate voted unanimously? That must be some kind of record.

by Downeistan » Wed Sep 25, 2013 1:06 pm

by Nigerian Kenya » Wed Sep 25, 2013 1:06 pm
Divair wrote:Death Metal wrote:And the Senate has voted down the AHCA defunding measure.
And guess how many yays it got?
Go on, guess. Say the number to yourself before opening the spoiler below.If you guess ZERO yays? You were right. Even TED CRUZ voted nay.
http://www.cnn.com/2013/09/25/politics/ ... index.html
Some faith in humanity has been restored!
What the hell just happened. The Senate voted unanimously? That must be some kind of record.
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