More than a third of Democrats would vote against raising the debt limit as well, and an amazing 62% of Democrats, when asked if the debt limit ceiling increase should go hand in hand with major spending cuts responded in the affirmative. In addition, 65% of Independents responded in the same manner.
The American people are mad as hell and aren't going to take it anymore.
A link to the poll itself: http://www.foxnews.com/politics/int...rity-would-vote-against-raising-debt-ceiling/
Go to question 35, which is on the next to last page. The rest of the polling is pretty fascinating as well.
Majority of Americans don't want debt ceiling raised without spending cuts enacted
Discussion in 'News & Current Events' started by thisnumbersdisconnected, Oct 8, 2013.
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InTheLight Well-Known MemberSite Supporter
I know I'll get upbraided for this but I've said before and I'm sure I'll say it again--Polls are not news. Polls do not prove the correctness or deficiency of a particular political stance. Polls are compilations of opinions.
That said, polls are useful in that they take the pulse of the nation's opinions. -
Revmitchell Well-Known MemberSite Supporter
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InTheLight Well-Known MemberSite Supporter
And I would say to you--When CTB posts a poll stating that a majority of Americans agree with a certain Democratic party position, don't get all bent out of shape. -
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InTheLight Well-Known MemberSite Supporter
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Crabtownboy Well-Known MemberSite Supporter
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Crabtownboy Well-Known MemberSite Supporter
Oh, I have no credit rating as I never borrow. If a person is responsible, pays their bills on time and does not borrow there is no credit rating. Banks hate such people as they cannot steal from them through loans and other "we will make you life easy" refinancing.
One of my firm beliefs and one I live by is to never borrow for anything that depreciates in value ... like a car.
That is being fiscally responsible. -
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Crabtownboy Well-Known MemberSite Supporter
If you do not mind the stock market crashing, the country sent into a deep recession or depression and interest rates going very high, then don't raise the debt limit. But, if you have desires of living somewhat comfortably pray they resolve this issue quickly.
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The first thing that happens is the enactment of "extraordinary measures" which aren't all that extraordinary. The Treasury currently is paying all of the government’s bills without issuing new debt by engaging in these "extraordinary measures." By manipulating accounts and postponing scheduled intra-government transfers, the Treasury can eliminate the need to issue bonds to finance those needs, and instead use newly issued bonds to pay obligations as they come due, without adding to the level of debt.
Both parties are afraid of hitting the "X-date" -- the first day that the federal government is unable to meet all of its obligations in full and on time. In the unlikely event that the arguments over the debt ceiling extend beyond the X-Date, the economic outlook could become increasingly dicey as the Treasury would do everything in its power to avoid missing an interest payment -- should it be allowed to go that far. It won't.
Earlier this year, the GOP-led House tried to codify prioritization of debt interest payments with a bill that would have directed the Treasury Secretary to make interest payments before any other obligations, such as Social Security checks and payments to contractors. Both Senate Democrats and the president opposed the bill, and it died in the hands of the liberals, even though the measure makes eminent sense.
The administration’s alternative to prioritization was laid out in an August 2012 letter the Treasury’s inspector general sent in response to a query from Sen. Orrin Hatch, R-Utah. According to the IG, Treasury officials were skeptical of prioritization because they were uncertain that the agency's computer payment system was capable of prioritizing among its millions of monthly scheduled payments.
Instead, the officials determined that the "least harmful" course of action would be a "delayed payment regime," in which no payments would be made until they could all be made on a day-by-day basis. Because the U.S. operates at a deficit, the payment delays would get increasingly worse with each day past the X-Date. Again, if it gets that far. Again, it won't.
You and the liberals want to paint a picture of dire straits the instant we hit midnight, October 16. Your "hair-on-fire-sky-is-falling" scenarios simply will not happen. It won't be good, but it won't be a disaster either, and if you think even this Great Pretender who fancies himself a statesman but is nothing more than a tin-pot, third-rate dictator will let it go anywhere near the X-date, you're as looney as he is. -
Why are you responding to CTB?!?
CTB says in one post that he has no credit rating, he doesn't borrow, he doesn't like the thought of borrowing for anything that depreciates in value, and "if a person is responsible and pays their bills on time"...and then turns around and says we should raise the nation's debt ceiling high enough that we don't have to talk about the debt ceiling for a couple of years.
Where I come from, we call that speaking out of both sides of our mouths. -
Crabtownboy Well-Known MemberSite Supporter
Do you really believe that you will suffer no consequences if the gov. defaults? -
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And if we do default, don't you think they'll be (or should be) like most of us and prioritize the spending, paying off our foreign creditors first and working from there?
You and I (and everyone else here) knows that if the debt ceiling is raised without some talk about cutting spending, that they'll do exactly as you suggested: raise it enough to not worry about it for a couple of years, and then that's exactly what they'll do--not worry about it for a couple of years.
When are we going to start holding our elected officials--ALL OF THEM--accountable? -
Bro. Curtis <img src =/curtis.gif>Site Supporter
When a republican is in office.
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Crabtownboy Well-Known MemberSite Supporter
To answer Bro.C ... the last Republican president we had very quickly turned a budge surplus into a deficit. I have no faith in the GOP to loo out for anyone but themselves and the rich. -
Bro. Curtis <img src =/curtis.gif>Site Supporter
"the rich"
:laugh:
If I thought you would debate your "point" in an honest, rational manner, I would try.
I'm glad Barack has your back. But I see you still haven't invested in a spell-checking program.
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