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The New Coffee Room

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  3. Debt Ceiling 2023

Debt Ceiling 2023

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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #4

    Cut it like a business does.

    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

    Doctor PhibesD Aqua LetiferA 2 Replies Last reply
    • MikM Mik

      Cut it like a business does.

      Doctor PhibesD Offline
      Doctor PhibesD Offline
      Doctor Phibes
      wrote on last edited by
      #5

      @Mik said in Debt Ceiling 2023:

      Cut it like a business does.

      Businesses I've worked for typically cut lots of stupid shit, and leave the bloody obvious untouched.

      We once had a delegation fly in from Germany to Canada by executive jet, and then arrive in a stretch limo in order to give us a presentation on reducing expenses. It really improved morale no end!

      I was only joking

      1 Reply Last reply
      • MikM Mik

        Cut it like a business does.

        Aqua LetiferA Offline
        Aqua LetiferA Offline
        Aqua Letifer
        wrote on last edited by
        #6

        @Mik said in Debt Ceiling 2023:

        Cut it like a business does.

        In 2023 that would mean firing the staff to let AI run things.

        Please love yourself.

        George KG 1 Reply Last reply
        • Aqua LetiferA Aqua Letifer

          @Mik said in Debt Ceiling 2023:

          Cut it like a business does.

          In 2023 that would mean firing the staff to let AI run things.

          George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #7

          @Aqua-Letifer said in Debt Ceiling 2023:

          @Mik said in Debt Ceiling 2023:

          Cut it like a business does.

          In 2023 that would mean firing the staff to let AI run things.

          I'm probably OK with that.

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          Aqua LetiferA 1 Reply Last reply
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #8

            Start with the extra IRS agents.

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • George KG George K

              @Aqua-Letifer said in Debt Ceiling 2023:

              @Mik said in Debt Ceiling 2023:

              Cut it like a business does.

              In 2023 that would mean firing the staff to let AI run things.

              I'm probably OK with that.

              Aqua LetiferA Offline
              Aqua LetiferA Offline
              Aqua Letifer
              wrote on last edited by
              #9

              @George-K said in Debt Ceiling 2023:

              @Aqua-Letifer said in Debt Ceiling 2023:

              @Mik said in Debt Ceiling 2023:

              Cut it like a business does.

              In 2023 that would mean firing the staff to let AI run things.

              I'm probably OK with that.

              Well, I'm in line in front of them, so I'm not a big fan.

              Please love yourself.

              Catseye3C 1 Reply Last reply
              • Aqua LetiferA Aqua Letifer

                @George-K said in Debt Ceiling 2023:

                @Aqua-Letifer said in Debt Ceiling 2023:

                @Mik said in Debt Ceiling 2023:

                Cut it like a business does.

                In 2023 that would mean firing the staff to let AI run things.

                I'm probably OK with that.

                Well, I'm in line in front of them, so I'm not a big fan.

                Catseye3C Offline
                Catseye3C Offline
                Catseye3
                wrote on last edited by
                #10

                @Aqua-Letifer What the heck is your avatar??? It looks like a cat face in Joker makeup.

                Success is measured by your discipline and inner peace. – Mike Ditka

                George KG 1 Reply Last reply
                • Catseye3C Catseye3

                  @Aqua-Letifer What the heck is your avatar??? It looks like a cat face in Joker makeup.

                  George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #11

                  @Catseye3 it's a red panda, offering its opinion:

                  image.jpeg

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  Aqua LetiferA 1 Reply Last reply
                  • George KG George K

                    @Catseye3 it's a red panda, offering its opinion:

                    image.jpeg

                    Aqua LetiferA Offline
                    Aqua LetiferA Offline
                    Aqua Letifer
                    wrote on last edited by
                    #12

                    @George-K said in Debt Ceiling 2023:

                    @Catseye3 it's a red panda, offering its opinion:

                    image.jpeg

                    Indeed. I don't know why he's wearing what he's wearing, but who understands red pandas anyways.

                    Please love yourself.

                    AxtremusA 1 Reply Last reply
                    • Aqua LetiferA Aqua Letifer

                      @George-K said in Debt Ceiling 2023:

                      @Catseye3 it's a red panda, offering its opinion:

                      image.jpeg

                      Indeed. I don't know why he's wearing what he's wearing, but who understands red pandas anyways.

                      AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote on last edited by
                      #13

                      @Aqua-Letifer said in Debt Ceiling 2023:

                      … but who understands red pandas anyways.

                      Link to video

                      Aqua LetiferA 1 Reply Last reply
                      • AxtremusA Axtremus

                        @Aqua-Letifer said in Debt Ceiling 2023:

                        … but who understands red pandas anyways.

                        Link to video

                        Aqua LetiferA Offline
                        Aqua LetiferA Offline
                        Aqua Letifer
                        wrote on last edited by
                        #14

                        @Axtremus said in Debt Ceiling 2023:

                        @Aqua-Letifer said in Debt Ceiling 2023:

                        … but who understands red pandas anyways.

                        Link to video

                        Yes, that is indeed a movie that features a red panda.

                        Please love yourself.

                        1 Reply Last reply
                        • jon-nycJ Offline
                          jon-nycJ Offline
                          jon-nyc
                          wrote on last edited by jon-nyc
                          #15

                          Quote from earlier this week:

                          Former Trump OMB Director, Mick Mulvaney, to @thedispatch: "The truth of the matter is that the first two years of the Trump administration, when the Republicans had the House and the Senate, we raised spending faster than the last couple of years of the Obama administration."

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote on last edited by
                            #16

                            https://www.cnn.com/2023/01/19/politics/debt-ceiling-deadline-treasury/index.html

                            The U.S. has hit the debt ceiling. Treasury starting to take "extraordinary measures."

                            1 Reply Last reply
                            • AxtremusA Offline
                              AxtremusA Offline
                              Axtremus
                              wrote on last edited by
                              #17

                              The Trillion Dollar coin:

                              https://www.theatlantic.com/ideas/archive/2023/01/congress-debt-ceiling-trillion-dollar-coin-us-mint/672814/

                              1 Reply Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote on last edited by
                                #18

                                I think premium bonds are more likely.

                                But hopefully the threat of them will make the GOP realize their hand is only so strong, and the ugliness of them will make the Dems realize their hand is only so strong, which will lead to some reasonable compromise.

                                But I’m not sure I’d bet on it.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                AxtremusA 1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  I think premium bonds are more likely.

                                  But hopefully the threat of them will make the GOP realize their hand is only so strong, and the ugliness of them will make the Dems realize their hand is only so strong, which will lead to some reasonable compromise.

                                  But I’m not sure I’d bet on it.

                                  AxtremusA Offline
                                  AxtremusA Offline
                                  Axtremus
                                  wrote on last edited by
                                  #19

                                  @jon-nyc said in Debt Ceiling 2023:

                                  ... which will lead to some reasonable compromise.

                                  But what is a reasonable compromise for the "debt ceiling" issue?

                                  jon-nycJ JollyJ 2 Replies Last reply
                                  • AxtremusA Axtremus

                                    @jon-nyc said in Debt Ceiling 2023:

                                    ... which will lead to some reasonable compromise.

                                    But what is a reasonable compromise for the "debt ceiling" issue?

                                    jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote on last edited by
                                    #20

                                    @Axtremus

                                    Everyone would have their own definition.

                                    My own definition would be a combination of tax increases and benefit cuts that put us on a 10 year path to keep debt sustainably at 95% of GDP or less. It would have to be a bipartisan deal, since anything else would get undone a few years later.

                                    As I said before, I’m not holding my breath.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • AxtremusA Axtremus

                                      @jon-nyc said in Debt Ceiling 2023:

                                      ... which will lead to some reasonable compromise.

                                      But what is a reasonable compromise for the "debt ceiling" issue?

                                      JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote on last edited by
                                      #21

                                      @Axtremus said in Debt Ceiling 2023:

                                      @jon-nyc said in Debt Ceiling 2023:

                                      ... which will lead to some reasonable compromise.

                                      But what is a reasonable compromise for the "debt ceiling" issue?

                                      Penny Plan.

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • AxtremusA Offline
                                        AxtremusA Offline
                                        Axtremus
                                        wrote on last edited by
                                        #22

                                        https://thehill.com/homenews/sunday-talk-shows/3835082-mccarthy-social-security-medicare-cuts-off-the-table/amp/

                                        McCarthy says cuts to Social Security and Medicare are off the table.

                                        1 Reply Last reply
                                        • AxtremusA Offline
                                          AxtremusA Offline
                                          Axtremus
                                          wrote on last edited by
                                          #23

                                          Public sentiment:

                                          https://abcnews.go.com/Politics/americans-low-confidence-leaders-gop-risk-political-disputes/story?id=96887707

                                          ... Just 26% of Americans adopt McCarthy's position that Congress should allow the government to pay its debts only if the administration agrees to cut federal spending. A broad 65% instead align with Biden's view that the issues of debt payment and federal spending should be handled separately.

                                          Even among Republicans, fewer than half – 48% – support coupling debt payment with cuts in federal spending. ...

                                          ... about eight in 10 adults across the political spectrum are concerned about the economic impacts of a default, and being very concerned peaks among Republicans, at 59%.
                                          ..

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