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> Federal debt limit raised...again, What are Republicans thinking?
logophage
post Nov 18 2004, 03:23 AM
Post #1


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Millennium Mark

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Well, here we go again. The Senate has voted to raise the federal debt limit by $800 billion. The House is expected to ratify. That means our debt ceiling will reach $8.2 trillion. Here's the New York Times article and the USA Today article (no signup required).

Is this a good thing?

What ever happened to fiscal responsibility?

Who is going to pay for all this debt and interest it incurs?

This post has been edited by logophage: Nov 18 2004, 03:24 AM
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Posts in this topic
logophage   Federal debt limit raised...again   Nov 18 2004, 03:23 AM
bigfish   Is this a good thing? Bush is building the debt o...   Nov 18 2004, 05:50 AM
Julian   Is this a good thing? Debt can sometimes be a usef...   Nov 18 2004, 01:33 PM
Hugo   We have been in greater debt, as a percentage of G...   Nov 18 2004, 05:14 PM
Fife and Drum   Is this a good thing? No, and the hypocrisy of th...   Nov 18 2004, 06:14 PM
Hobbes   Excuse me? Please review the history of raising...   Nov 18 2004, 07:17 PM
bigfish   No this is the tax cut that exempted dividends t...   Nov 18 2004, 11:33 PM
logophage   Here's a review of debt history for you, Hobb...   Nov 19 2004, 02:20 AM
Cube Jockey   Is this a good thing? No, it isn't a good thin...   Nov 18 2004, 07:41 PM
Fife and Drum   I think this gentleman probably knows a bit more ...   Nov 18 2004, 09:47 PM
Hugo   Let me quote J.K. Galbraith "It is more conse...   Nov 19 2004, 02:36 AM
Hobbes   Yep, this is true. If you're a politician, ...   Nov 19 2004, 04:34 AM
logophage   There are multiple issues with such statistics, n...   Nov 19 2004, 07:18 PM
Vampiel   http://slate.msn.com/id/2108201/sidebar/2108202/ ...   Nov 21 2004, 06:35 PM
BecomingHuman   The biggest factor in the deficit are the tax cut...   Nov 22 2004, 01:09 AM
Vampiel   Following that logic, even if you cut the middle...   Nov 22 2004, 02:53 AM
logophage   Statements like this always bother me. Clearly, ...   Nov 22 2004, 06:37 PM
CruisingRam   Vampiel- TARGETED[I] tax cuts DO help the economy,...   Nov 22 2004, 08:20 AM
BecomingHuman   Yep. Certainly it takes money to make money...   Nov 22 2004, 10:35 AM
Vampiel   And if they are given a tax cut they dont need t...   Nov 23 2004, 12:54 AM
bigfish   Expansion by capitol debt is only useful when th...   Nov 24 2004, 08:13 PM
Vampiel   Expansion by capitol debt is only useful when th...   Nov 24 2004, 08:51 PM
BecomingHuman   I'll just requote what I said: If they can m...   Nov 23 2004, 03:08 AM
bucket   I find it interesting this is under Domestic Poli...   Nov 23 2004, 03:45 AM
logophage   I agree with this. And sure deficit spending is ...   Nov 23 2004, 07:04 PM
Vampiel   Sure they can risk other means of investment but...   Nov 23 2004, 06:49 AM
BecomingHuman   I guess thats the point of lower interest rates, ...   Nov 23 2004, 10:17 PM
CruisingRam   To put it in a brief style- I agree with BH's ...   Nov 23 2004, 10:54 PM
bucket   Yeah but it leads to less foreign investments bec...   Nov 24 2004, 01:50 PM
Fife and Drum   I’m constantly amazed with the level of economics ...   Nov 24 2004, 07:02 PM
Vampiel   Fife and Drum and BecomingHuman refer to this comm...   Nov 24 2004, 07:29 PM
BecomingHuman   GDP DOUBLE!!!!! Thats a 100%...   Nov 25 2004, 02:49 AM
Vampiel   Your right I was thinking 3/4 for some reason. ...   Nov 25 2004, 03:58 AM
BecomingHuman   The rate of growth has doubled, not the GDP. The...   Nov 25 2004, 04:30 AM
Vampiel   BecomingHuman You seem to be under the illusion t...   Nov 25 2004, 05:14 AM
bucket   Yeah that was the point i was trying to make..tha...   Nov 25 2004, 05:29 AM
BecomingHuman   Didn't know I was arguing with more than one ...   Nov 25 2004, 06:50 AM
Vampiel   My tax break increased my capital so I could sel...   Nov 25 2004, 07:30 AM
BecomingHuman   No, that would be saying that you suffered from a...   Nov 25 2004, 07:50 AM
Vampiel   Bingo! ;) Though a lack of capital is wha...   Nov 25 2004, 08:25 AM
BecomingHuman   So then, you agree a lack of demand causes a rece...   Nov 25 2004, 08:35 AM
Vampiel   Absolutely. Though remember a lack of demand in...   Nov 25 2004, 08:46 AM
BecomingHuman   Fallen GDP means a lack of demand in the american...   Nov 25 2004, 09:11 AM
bucket   It's ok..but this is an open debate :) ...   Nov 28 2004, 02:53 AM
Vampiel   Let me clarify something here. The American mar...   Nov 28 2004, 03:24 AM
BecomingHuman   Once again, I didn't realize anyone responded ...   Dec 1 2004, 01:29 AM
bucket   Well I think it is the twin deficit that is most...   Dec 1 2004, 05:24 AM

 

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