Debt Ceiling
You know, let’s pretend I want a higher limit on my credit card.
I think I’m going to tell Visa that unless they raise my credit limit I’m not going to pay the interest on the balance I’ve rung up (let alone begin to address the balance).
That should work, right?
Politics | Mr. Bingley | 
July 11, 2011 9:05 am
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That should work, right?
If you’re as clueless as Obama….no, it won’t work.
There’s an ad here running on the radio that makes me stabby. Basically, it’s aimed at people who have destroyed their credit scores, and it presents some legal (not sure if ethical) dodges, and then ends by saying, “What could you do with an unsecured credit card and $25,000 credit?”
My thought: for some people, the answer would be “a lot of damage.”
That’s the whole point, Jeff. Our government, on both sides of the aisle, just spends and spends and threatens not to service their debt unless we let them spend more?
Cut spending, repeal the Bush tax cuts to millionaires/billionaires, start closing down loopholes. Unfortunately the greed of the already wealthy is hugely in the way and not flattering them at all.
Cut spending, check. Repeal the Bush tax cuts, no way. Revenue went up when those were enacted. Close loopholes, check. Greed is bad but so is the “I’m entitled” mentality of so much of our populace.
No question about it, Mr. B., the politicians (regardless of their party affiliation) are addicted to spending. It’s why we are at the precipice.
But in a world of addicts, Obama is king. It’s probably the only thing he knows how to do.
Aside from playing golf, I mean.
Ave, what ‘Bush tax cuts to millionaires/billionaires’? The Bush tax cuts were across the board – the only ones who didn’t benefit were those who don’t pay diddly-squat to begin with.
And don’t even talk about ‘the greed of the already wealthy’ unless you’re willing to talk about the greed of government dependents.
Your ignorance and socialistic lust for power flatters you less than does the desire not to fork over much of their property to the government does the ‘wealthy’ (aka those making $250,000/year.
Envy and class warfare are loser games, Ave. Get a job from a welfare junkie and let us know how it works out.
Aelfheld and Gary, I hope you’ll enjoy better days today and won’t feel the need to launch ad hominem attacks against people you don’t know.
Yes, let’s keep the discussion focused on the issues, please.
Here’s a page with a nifty chart at the bottom showing the tax brackets.
That’s the whole point, Jeff. Our government, on both sides of the aisle, just spends and spends and threatens not to service their debt unless we let them spend more?
There’s a reason I’ve always said that Congress is the world’s most expensive day care center… and you’ve summed it up succinctly, Bings. This is not mature thought, this is stamping of feet and holding of breath.
We must never forget that WE are the adults in the citizen-government dynamic, and while it’s fun to let them play dress-up and pretend to send us to our rooms, sooner or later it’s time to do chores – or no allowance.
‘Fly, as Ave and Aelf both pointed out, we have met the enemy and he is us. When 50% of the population pays no taxes it is very very hard to reduce expenditures, because so many people live at the trough. The wealthy make a tempting target but they already pay a much higher share of their income as taxes than the rest of us. It has been shown many times that you could tax them at 100% and take all of their wealth on top of that and it would do effectively nothing to offset even one year’s deficit that Obama has run up.
The problem is the SPENDING, pure and simple.
We need to massively cut the size and reach of our government across the board.