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  Topic: Dems offer bill to
abolish debt limit
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Dems offer bill to
abolish debt limit

The Hill [Washington, DC], by Peter Schroeder

Original Article

Posted By:KarenJ1, 1/16/2013 11:37:24 AM

A group of House Democrats are introducing legislation to abolish the debt ceiling, saying uncertainty surrounding the hikes causes unnecessary pain to the economy. The lawmakers — who will unveil the bill Thursday — accuse Republicans of hurting the economy by ransoming a hike in the debt ceiling for steep spending cuts. They argue uncertainty over whether the U.S. will raise the debt ceiling will roil markets and damage confidence in the U.S. economy. The Dem lawmakers behind the bill are Reps. Jerrold Nadler (N.Y.), Hank Johnson (Ga.), Jim Moran (Va.), Jan Schakowsky (Ill.), Keith Ellison (Minn.)

Comments:
What a fine group of Democrats we have here. s/o When this doesn´t pass the House will this give 0bama the go ahead for another Executive Order to go around Congress? Nothing would surprise me from these criminals. What happened to their cries that 0bama has the authority under the 14th Amendment?

      


Post Reply  

Reply 1 - Posted by: mickturn, 1/16/2013 11:40:05 AM     (No. 9119976)

The answer is not only NO, but HELL NO!

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Reply 2 - Posted by: Ida Lou Pino, 1/16/2013 11:42:06 AM     (No. 9119981)

This is great news!

We can all keep spending and spending and spending! The demonrats have officially declared that there´s no tomorrow.

Mayans? Who needs Mayans when we have our very own demonrats?

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: wlazzell, 1/16/2013 11:43:57 AM     (No. 9119989)

Let me see.....A muzzie, someone who thinks an island MIGHT tip over, A commie, a moron, and someone from NY - Yup, I´lsa sur trust all you-uns....lawsie, mercy me.

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Reply 4 - Posted by: BaseballFan, 1/16/2013 11:50:14 AM     (No. 9120005)

I´m going to try this approach with Mrs. BaseballFan this evening, using Obamalogic (TM):

BF: "Honey, I think we should abolish how much we´re allowed to spend."

MrsBF: "Hey, great idea, hon! And after we move into our car to live, where will we put the five flat-screen TVs you plan to buy?"

BF: "No sweat, dear. Tell you what: you triple the usual order of checks - in fact, quintuple the order - and we should be set for another three years or so."

/s off/

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Reply 5 - Posted by: krause, 1/16/2013 12:02:39 PM     (No. 9120041)

No budgets and no spending limit.

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Reply 6 - Posted by: Johnny Angle, 1/16/2013 12:06:03 PM     (No. 9120049)

The "Hill" (Hill of what?)doesn´t even make an attempt to explain the other side of the issue.

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Reply 7 - Posted by: curious1, 1/16/2013 12:07:35 PM     (No. 9120058)

pubbies should reply: Dems deliberately hurting the economy by stealing money from working citizens to spend on their cronies.

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Reply 8 - Posted by: Keekng, 1/16/2013 12:15:44 PM     (No. 9120074)

Has Hank Johnson given up on the prevention of Guam tipping over?

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Reply 9 - Posted by: lylacat, 1/16/2013 12:19:01 PM     (No. 9120082)

The ignorance and arrogance of 0bama and the dems is appalling. They have no knowledge of how economics work. Spend, spend, spend. Right now, because of policy, people are allowed to live very high using their credit cards, buy anything they want, then wipe the slate clean and go bankrupt only to start all over again. That is why the common spending moron does not complain about 0bama´s rampant spending; they all think this is a good thing. Get a clue, America.

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Reply 10 - Posted by: LadyHen, 1/16/2013 12:33:58 PM     (No. 9120122)

I wonder what would happen if I called up a credit card company and told them I wanted a no fee card with no limit and that didn´t have a minimum payment and that I could use to purchase anything, legal or not, without any oversight. That is essentially what we are talking about right?

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Reply 11 - Posted by: snowoutlaw, 1/16/2013 12:35:05 PM     (No. 9120126)

The Democrat party plan has always been to destroy the US economy, nothing has changed. The ignorance and arrogance is held by those that still think Democrats want the US to succeed.

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Reply 12 - Posted by: cThree, 1/16/2013 12:38:00 PM     (No. 9120133)

A national party that is spending a trillion dollars a year more than we have, that hasn´t passed a budget since they´ve had the White House, and that now wants to abolish any overdraft limit.

In normal times they would quickly become a splinter party, like the Naderites.

But I´m afraid with so many "low information" voters on the dole and in their pocket, we may be seeing the last days of this once-great country.

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B-G1


 
Reply 13 - Posted by: Susieq1, 1/16/2013 12:41:28 PM     (No. 9120144)

Oh wow makes me confident that "Guam might tip over" is working on this bill. /s

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Reply 14 - Posted by: jdh, 1/16/2013 12:45:38 PM     (No. 9120158)

What a great idea!! We could then eliminate taxes altogether and just borrow all of the money the gov´t needs...s/o

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Reply 15 - Posted by: unagator, 1/16/2013 1:44:21 PM     (No. 9120327)

Why not? Obama´s Free Stuff Army will not be denied.

For all the yammering about spending cuts from the Republicans, the debt limit will rise and the debt along with it until a Treasury auction fails....then it´s lights out.

Might as well get on with it.

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Reply 16 - Posted by: lwgii, 1/16/2013 3:17:26 PM     (No. 9120539)

I would call all of these people pigs, but that´s an insult to swine everywhere. Hank, you still worried Guam is going to tip over if they all run over to one side? Jan, your old man out of the joint still? Is that where our next health care bill is coming from? Jim, let´s mess up an election and then brag about it.

If this is representative of who we are as a people, our upcoming demise will have been well earned.

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