Should Democrats oppose raising the debt ceiling on the next vote?

Question

and tell Bush enough is enough?

Our children should not pay for what our generation spends.

FROM MARCH 2006. (NOTE: Dems only got control of congress at the beginning of this year)

Congress Sets New Federal Debt Limit: $9 Trillion
Faced with a potential government shutdown, the Senate votes to raise the nation's debt limit for the fourth time in five years. The bill passed by a 52-48 vote, increasing the ceiling to $9 trillion. The bill now goes to the president.

The debt now stands at more than $8.2 trillion.

http://www.npr.org/templates/story/story.php?storyId=5282521

Answer 1

YES!

Answer 2

Actually, that's an article from 2006. Here's a more recent one:


WASHINGTON, Sept 27 (Reuters) - With the U.S. government fast approaching its current $8.965 trillion credit limit, the Senate on Thursday gave final congressional approval of an $850 billion increase in U.S. borrowing authority.

The Senate voted 53-42 to raise the debt ceiling to $9.815 trillion, the fifth increase in the U.S. credit limit since President George W. Bush took office in January 2001. The U.S. House of Representatives approved the higher debt limit earlier this year as part of the overall budget resolution and the legislation now goes to Bush for his signature.


"We have no choice but to approve it. If we fail to raise the debt ceiling soon, the U.S. Treasury will default for the first time in its history," said Senate Finance Committee Chairman Max Baucus.

I found that under "Investing" in Reuters. Why it doesn't make the front page? Must be that "liberal media".

That's the choice-they would default on US debt. It's a little like a spouse(Bush) with out of control spending but the other spouse(congress) is still responsible for the debt he racked up(about doubled since he took office).

Very tough choice.

Answer 3

i do no longer understand why the ceiling retains getting raised. i do no longer understand why we keep going better and bigger in debt. So, because of the fact it extremely is how i've got faith, sure they could oppose it. alongside with Republicans who run on the assumption of being economically to blame (and sweetness why they lost Congress and could lose the subsequent Presidential election!

Answer 4

It would be funny if they did. Usually it is for their entitlement programs we raise the debt ceiling for. What is both sides of the aisle going to do as Social Security income gets less & goes into negative cash flow?

What are they going to do when the energy crisis hits fully? Will they wise up to the need of changing the economics of Renewable energy?

Thumps down with no offered solution. That take a whole lot of intellect.

Answer 5

I think the recommended change to the debt ceiling could be much better. Instead of changing the debt ceiling from $8.965 trillion to $9.82 trillion, I recommend changing it from $8.965 trillion to 75% of GDP.

Making the debt ceiling dependent on the size of our economy—which is a good proxy for our ability to sustain a given level of borrowing—would immediately yield at least two major benefits. First, it would put a stop to the meaningless, time-wasting debates and grandstanding about dollar limits. Second, it would force Congress to introduce a new element into the fiscal debate: how to enhance the growth of our economy.

Answer 6

problem with what you said- a bill in the senate cannot pass by a 52-48 vote. according to senate rules it must be 60 or over for a bill to pass.

Answer 7

it would make a good political statement.... while at the same time effectively crippling our nation.... unfortunately we're just going to have to ride out this Bush wave of Spend and Sell (our debt to China)

Answer 8

I recommend funding the military and national security and cutting all welfare, handouts, and social(ist) programs.

That would save a lot of money and fall more in line with the Constitution.

Answer 9

They should but, they won't. Especially not Hillary, she has much more spending planned than Bush did.
She has said it over and over again. She just doesn't say the numbers out loud.

Answer 10

9, 9.2, 9.5...SOLD, for ten trillion to the fiscal conservative.