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Re: The best plan
Posted by MikeC/TX of TX on 10/8/21 5:56pm Msg #79512
Again, the debt limit has NOTHING to do with future spending - it applies only to previously incurred debt. It's not at all what you seem to think it is.

All the things you suggested are not going to resolve the debt limit problem for a simple reason: interest on the debt continues to accumulate whether or not you continue to spend money. And there is money that HAS to be spent to keep the government running on a day-to-day basis, but if you default on the debt, that becomes impossible because our government literally runs on credit and has done so for years.

McConnell was trying to play hardball and force the Dems to solve this problem on their own for political reasons, but he blinked because he realized how close to the edge he was bringing us. Here are the facts - over the past four years, the Trump administration increased our debt by over $7 trillion, and while he was doing that the Senate voted on a bipartisan basis FOUR TIMES to increase or suspend the debt limit, allowing that spending to continue. If Republicans were so concerned about the debt, why did they allow that spending to happen? Forget about what happened in previous administrations, in the LAST one the debt increased by $7 trillion, pushing us close to the limit four times, and ech time the solution was bipartisan.

And now Biden is in office, and you're blaming him for a debt he hasn't incurred? Where were you four years ago when the Republicans started spending like drunken sailors?
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Messages in this Thread
 The debt limit - MikeC/TX on 10/6/21 6:39pm
 Re: The debt limit -  Mike Goodey on 10/6/21 9:43pm
 Re: The debt limit - MikeC/TX on 10/6/21 11:23pm
 The best plan - Luckydog on 10/7/21 10:20am
 Re: The best plan - bagger on 10/8/21 4:40pm
 Re: The best plan - MikeC/TX on 10/8/21 5:58pm
 Re: The best plan - bagger on 10/9/21 8:53am
 Re: The best plan - MikeC/TX on 10/16/21 5:23pm
 Re: The best plan - MikeC/TX on 10/8/21 5:56pm
 Simple plan - Luckydog on 10/9/21 7:54pm
 Re: Simple plan - MikeC/TX on 10/18/21 6:43pm
 Re: Simple plan - Luckydog on 10/19/21 5:12pm
 What have we learned from a brilliant maan? - bagger on 10/12/21 10:28am
 Exactly - Luckydog on 10/16/21 9:23am



 
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