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House Dems: Debt Limit
Should Be Off the Table

Cybercast News Service, by Elizabeth Harrington

Original Article

Posted By:KarenJ1, 12/6/2012 10:55:18 AM

The House Democratic leadership said Wednesday that the debt ceiling “ought not be a negotiating item” in Congress, thereby ceding their constitutional authority to borrow money to President Barack Obama. “The debt limit ought not to be held hostage to anything,” said Minority Whip Steny Hoyer (D-Md.) during a press conference on Capitol Hill. “It hurt our economy. We were downgraded for the first time in my career, and I think in history, by one of the rating agencies. “The credit worthiness of America ought not to be put at risk,” he said.

Comments:
The recklessness and irresponsibly of the Democrats is appalling and disgusting.

      


Post Reply  

Reply 1 - Posted by: Pearson365, 12/6/2012 11:03:35 AM     (No. 9051571)

From today´s WaPo article by George Will:

"... the cliff’s consequences — huge tax increases and defense cuts — are progressivism’s agenda. And Obama needs to restock the pantry where he stores his excuses for his economic policy failures. The tax increases would augment his policy of enlarging government’s control of the nation’s economic output, and he could henceforth blame continuing economic anemia on Republicans who supposedly should have averted what progressives desire."

After 4 years of failure, Blaming Bush is no longer operative. Obama and his ilk now use the generic Bush, the Republicans.



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Reply 2 - Posted by: Northern Redman, 12/6/2012 11:04:31 AM     (No. 9051574)

We know that´s what they would like, but there are also lots of things that I would like that are not going to happen.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: engrpat, 12/6/2012 11:07:53 AM     (No. 9051586)

Giving Obama control over the debt limit would be like giving a teenager a bottle of Jack Daniels and the keys to the car...someone is going to get hurt.

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Reply 4 - Posted by: dman, 12/6/2012 11:35:40 AM     (No. 9051690)

No compromise. Not only should the debt limit be retained - it should be strictly enforced. No more increases. None. Cut up the Chinese credit card. Block any more QE from the Fed. Force NerØbama to live within the confines of his new tax increases. Time for some Castor Oil for the economy and the morons who voted to stay on the current path.

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Reply 5 - Posted by: andyboy, 12/6/2012 11:48:46 AM     (No. 9051757)

Sorry, Mr. President -- your credit card is maxed out. Time to start cutting spending like you promised you would.

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Reply 6 - Posted by: chance_232, 12/6/2012 11:50:34 AM     (No. 9051766)

I would agree with the following stipulation:

Liberals pay for it.

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Reply 7 - Posted by: Mass Minority, 12/6/2012 12:10:56 PM     (No. 9051830)

Sorry dingbat Steny, the credit rating of the US was NOT downgraded because of the Debt Ceiling debacle. It was downgraded because at the end of it all the credit rating agencies found that there was no believable effort on the part of the US to reign in the universally recognized unsustainable rate of our debts growth. And get ready for another shocker Steny, that was just the first of many downgrades.

The world comes is awakening to the realization that none of that debt will ever be paid back. The world is realizing that the Feds aggresive "quantitative easing" (translation printing worthless paper money just like Zimbabwe)will make any money actually paid back worth far less than the money used to buy the T-Bills in the first place. If the interest on our debt goes up to even 1/2 of the historic average rate our economy will collapse, our debt payments will consume essentially all of our tax revenues leaving very little for Obamacare and the perpetual re-election of our current ruling class.

We are headed for Greece folks and as soon as China figures that out we are in really big trouble. By really big I mean a gargantuan dose of nastiness over and above the truly terrible plight we are already in.

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Reply 8 - Posted by: pgvoisin, 12/6/2012 12:22:36 PM     (No. 9051863)

Why?

Our problem is a spending problem NOT a revenue problem and Democrats and Obama don´t want it on the table?

They are insane!

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Reply 9 - Posted by: Rafter, 12/6/2012 12:33:38 PM     (No. 9051905)

The best revenge will be voting in the 2014 midterm elections.
Bad economy? Explosive debt?
Blame the Bamster.

Historically very bad for incumbent two term presidents, that sixth year.

DingoBarry will yelp with pain.
May his fleas consume him.

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Reply 10 - Posted by: belwhatter, 12/6/2012 12:36:40 PM     (No. 9051910)

One question - do democrats who make these outrageously stupid pronouncements actually believe what comes out of their mouths?

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Reply 11 - Posted by: Stopstoreload, 12/6/2012 12:44:04 PM     (No. 9051932)

Dems have no standards; no principles. This is not the party of my farmer grandfather, my steel worker father, nor myself for the first 18 years of my voting life( I am now 82 years old.). These people are like something really bad that you find on your instep. They should be stomped out.

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Reply 12 - Posted by: oh-heck, 12/6/2012 2:41:51 PM     (No. 9052141)

They are part right. It should be off the table. It should be frozen at current levels and remain so until Democrats pony up some real spending cuts.

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Reply 13 - Posted by: hamrman, 12/6/2012 8:17:00 PM     (No. 9052671)

Bull-Looniy!

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