Marjorie Taylor Green and Lauren Boebert don't understand sixth grade economics. They have no idea. I'd imagine there are 15 or 20 of them that have no clue. And of course there is George Santos who votes how McCarthy tells him to vote.
Does the House GOP have any understanding of the debt ceiling and its consequences?
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Marjorie Taylor Green and Lauren Boebert don't understand sixth grade economics. They have no idea. I'd imagine there are 15 or 20 of them that have no clue. And of course there is George Santos who votes how McCarthy tells him to vote.
Republicans passed the last budget bill. Ooops. Do you know anything about anything? It appears the answer is no.
T. A. Gardner
Serial Thread Killer
That puts them at least five grades ahead of the Democrats...
Tinkerpeach
Member
You don’t understand how debt works. The higher our debt the less we have to spend on social services because more money has to go to interest rates
Tinkerpeach
Member
But they couldn’t get the spending cuts they wanted
And that's how it works. Duh.
Yes I understand how debt works. I also understand, and apparently you don't, is that increasing revenue also lowers the debt. But that's all part of negotiations between our elected officials. Raising the debt ceiling is agreeing to pay what you already owe. It has nothing to do with future spending.
Who said they are?
Let's raise taxes on Hollywood - which Obama exempted. Let's raise taxes on Silicon Valley - which Obama exempted.
democrats have spent decades creating special tax exemptions for the ultra-wealthy Oligarchs of the Reich.
Let's tax Mark Zuckerberg, Tim Cook, Sergie Brin, Bill Gates, et al at the same rate others pay.
Tinkerpeach
Member
Without cutting future spending the debt ceiling will have to be constantly raised.
Since democrats refuse to cut spending they are forcing republicans to use the tools they have to get them to the table.
When our debt gets too high it raises inflation and slows economic growth leading to job loss meaning more people using social services which we can’t pay meaning we have to borrow even more money and the problem just gets worse
The debt ceiling will have to be raised regardless. And the same thing can be accomplished by increasing revenue. Your lack of understanding is absolutely shocking. You don't understand the simplest concepts.
And, difficult as it is to say these words here in America...we need to tax more. Much more. Especially on those who have more. Of the major industrialized nations, we are one of the least taxed. We want our nation to be a great one...we just do not want to pay what has to be paid in order to be one.
My guess: Ain't gonna happen. The Republican Party will see that it doesn't.
The only time the Republicans want to cut spending...is when the president is a Democrat. The Republicans had lots of opportunities to cut spending during the last few decades. There was no way they were going to do it when a Republican was in the Oval Office. What they do instead, is to cut taxes on the most wealthy. Then they try to make up that money by cutting safety nets for the people with the least wealth.
SmarterthanYou
rebel
given a choice between adding a few more trillion to our debt or default, i'll take default. if you can't understand why continuing to increase the spending, then no amount of trying to explain basic shit to you is going to solve anything.
In other words, go the fuck away and let adults try to deal with the shit you've caused.
So, you'd like us to go into a massive recession where millions of people will lose their jobs. Sounds like a plan. You don't state the basics because you don't understand them. I have a masters degree in economics. You get your knowledge from a cracker jack box. Not surprised that you cannot articulate your position. You are too fucking stupid.
SmarterthanYou
rebel
listen up, retard. your masters degree isn't worth using as toilet paper. you haven't learned jack shit regarding bubbles and what happens when you keep inflating it instead of reducing it.......YOU are what is wrong with this country, racist moron.
What the fuck are you talking about? What bubble exactly do you think is going to burst? Be specific. If you want to talk about me, you should just start a tribute thread in the War Zone. Right now we are talking about defaulting on our debt.
SmarterthanYou
rebel
anyone with even average intelligence knows that you don't get out of debt by continually adding debt on credit cards, you cut spending. you dont raise the fucking ceiling so you can add more debt. jesus you're a stupid motherfucker. how the hell did you get a masters degree in anything? the recession we need to be facing to correct the current issue is necessary because of you tax and spend morons. because of YOU.
That's not what we're talking about. We are talking about raising the debt ceiling. Which means we are agreeing to pay what WE'VE ALREADY SPENT.
If we don't, here's what will happen. We will default on our debt. We will tell those people who hold Treasuries that we won't pay them back. We will stop paying social security, and medicare. We will stop paying our military, and all government employees. The interest rate on Treasuries will go up, probably 3-5 percent. Which means the cost of borrowing will go up as well. Consumer spending will tank, our cost to borrow money will skyrocket, and businesses will lay off millions of people in preparation for the inevitable downturn of sales. Millions more unemployed. Massive recession. A stock market crash.
You think that would be a good thing? Cool. Let me recommend economics for dummies. Where you may learn that increasing revenue is also a way of getting out of debt. Go figure.
Check the graphs. The Repubs have the presidents who spend like crazy and add bigly to the debt. Since Reagan, slashing taxes on the wealthy and corporations has been their reason to govern. They also jack up military spending. It is easy to see they are big spenders. They claim to be "fiscal conservatives". Yeah, right. That actually fools the rightys.
Default would be a disaster. Note it is the Repubs who want it. Really dumb ones like you for example. are asking for a fiscal disaster, for some reason.
The real reason is likely that they think the Dems will get the blame.
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It's a shame that really fucking stupid people don't realize how stupid they are. Don't tax the rich. Trickle down.
That policy was an epic fail. So let's do it again!!!!