Topic: "First step in an effort to bring real fiscal responsibility to Washington" - page 2. (Read 1998 times)
January 23, 2013, 03:15:18 PM
I think the only way to bring real responsibility into any government is to give them a real incentive to do a good job. Those who stall, lie, deceipt or otherwise work against the interest of the nation as a whole should be punished. Repeat offences should give abrupt termination of position with no benefits. How not to be sacked ? Do a real honest god job!
January 23, 2013, 03:11:21 PM
This is part of the problem: the average American has no idea what is happening in Washington.
The House voted to SUSPEND the debt limit. That means there is NO DEBT LIMIT at all if the bill is passed by the Senate and signed.
The terms of the bill are that the suspension is "temporary", but this is ridiculous because if once the Treasury borrows past the "limit" which will happen immediately if the bill is signed, then if the bill "expires" it has no effect. You cannot "unborrow" money.
If it looked like congress was going to re-impose a debt limit in May, Obama can just borrow all he needs, say, an additional $20 trillion before they have a chance to re-impose a limit.
The House voted to SUSPEND the debt limit. That means there is NO DEBT LIMIT at all if the bill is passed by the Senate and signed.
The terms of the bill are that the suspension is "temporary", but this is ridiculous because if once the Treasury borrows past the "limit" which will happen immediately if the bill is signed, then if the bill "expires" it has no effect. You cannot "unborrow" money.
If it looked like congress was going to re-impose a debt limit in May, Obama can just borrow all he needs, say, an additional $20 trillion before they have a chance to re-impose a limit.
January 23, 2013, 02:52:06 PM
Source about the vote to eliminate the debt limit?
All I can find is that they voted to extend the limit to May... http://firstread.nbcnews.com/_news/2013/01/23/16663257-house-votes-to-push-debt-limit-deadline-to-mid-may?lite
All I can find is that they voted to extend the limit to May... http://firstread.nbcnews.com/_news/2013/01/23/16663257-house-votes-to-push-debt-limit-deadline-to-mid-may?lite
January 23, 2013, 02:05:11 PM
After the Republicans caved just now (1:30 pm EST 23rd January 2013) and voted to eliminate the debt limit, the speaker Boehner said, "This is the first step in an effort to bring real fiscal responsibility to Washington."
What a joke. Right, let's bring fiscal responsibility to Washington by allowing the Treasury to borrow ANY AMOUNT OF MONEY IT WANTS.
As soon as Obama signs this bill, the Treasury can borrow UNLIMITED amounts of money. 10 trillion, 20 trillion, 100 trillion. Any amount it wants.
Get ready folks, the dollar is about to turn into garbage.
And bitcoins? Hello and welcome to the new world and way of doing business instantly and without fees. Where your wealth and security does not depend on how much money central banks print.
What a joke. Right, let's bring fiscal responsibility to Washington by allowing the Treasury to borrow ANY AMOUNT OF MONEY IT WANTS.
As soon as Obama signs this bill, the Treasury can borrow UNLIMITED amounts of money. 10 trillion, 20 trillion, 100 trillion. Any amount it wants.
Get ready folks, the dollar is about to turn into garbage.
And bitcoins? Hello and welcome to the new world and way of doing business instantly and without fees. Where your wealth and security does not depend on how much money central banks print.
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