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The New Coffee Room

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  3. Debt Ceiling 2023

Debt Ceiling 2023

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  • M Mik
    15 Jan 2023, 22:46

    Cut it like a business does.

    A Offline
    A Offline
    Aqua Letifer
    wrote on 17 Jan 2023, 13:42 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.

    G 1 Reply Last reply 17 Jan 2023, 13:59
    • A Aqua Letifer
      17 Jan 2023, 13:42

      @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.

      G Offline
      G Offline
      George K
      wrote on 17 Jan 2023, 13:59 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.

      A 1 Reply Last reply 17 Jan 2023, 14:05
      • J Offline
        J Offline
        Jolly
        wrote on 17 Jan 2023, 14:00 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
        • G George K
          17 Jan 2023, 13:59

          @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.

          A Offline
          A Offline
          Aqua Letifer
          wrote on 17 Jan 2023, 14:05 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.

          C 1 Reply Last reply 17 Jan 2023, 16:52
          • A Aqua Letifer
            17 Jan 2023, 14:05

            @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.

            C Offline
            C Offline
            Catseye3
            wrote on 17 Jan 2023, 16:52 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

            G 1 Reply Last reply 17 Jan 2023, 16:55
            • C Catseye3
              17 Jan 2023, 16:52

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

              G Offline
              G Offline
              George K
              wrote on 17 Jan 2023, 16:55 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.

              A 1 Reply Last reply 17 Jan 2023, 16:57
              • G George K
                17 Jan 2023, 16:55

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

                image.jpeg

                A Offline
                A Offline
                Aqua Letifer
                wrote on 17 Jan 2023, 16:57 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.

                A 1 Reply Last reply 17 Jan 2023, 18:38
                • A Aqua Letifer
                  17 Jan 2023, 16:57

                  @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.

                  A Offline
                  A Offline
                  Axtremus
                  wrote on 17 Jan 2023, 18:38 last edited by
                  #13

                  @Aqua-Letifer said in Debt Ceiling 2023:

                  … but who understands red pandas anyways.

                  Link to video

                  A 1 Reply Last reply 17 Jan 2023, 18:43
                  • A Axtremus
                    17 Jan 2023, 18:38

                    @Aqua-Letifer said in Debt Ceiling 2023:

                    … but who understands red pandas anyways.

                    Link to video

                    A Offline
                    A Offline
                    Aqua Letifer
                    wrote on 17 Jan 2023, 18:43 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
                    • J Offline
                      J Offline
                      jon-nyc
                      wrote on 19 Jan 2023, 03:15 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."

                      "You never know what worse luck your bad luck has saved you from."
                      -Cormac McCarthy

                      1 Reply Last reply
                      • A Offline
                        A Offline
                        Axtremus
                        wrote on 19 Jan 2023, 16:44 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
                        • A Offline
                          A Offline
                          Axtremus
                          wrote on 24 Jan 2023, 14:48 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
                          • J Offline
                            J Offline
                            jon-nyc
                            wrote on 24 Jan 2023, 16:11 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.

                            "You never know what worse luck your bad luck has saved you from."
                            -Cormac McCarthy

                            A 1 Reply Last reply 24 Jan 2023, 18:29
                            • J jon-nyc
                              24 Jan 2023, 16:11

                              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.

                              A Offline
                              A Offline
                              Axtremus
                              wrote on 24 Jan 2023, 18:29 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?

                              J J 2 Replies Last reply 24 Jan 2023, 18:45
                              • A Axtremus
                                24 Jan 2023, 18:29

                                @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?

                                J Offline
                                J Offline
                                jon-nyc
                                wrote on 24 Jan 2023, 18:45 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.

                                "You never know what worse luck your bad luck has saved you from."
                                -Cormac McCarthy

                                1 Reply Last reply
                                • A Axtremus
                                  24 Jan 2023, 18:29

                                  @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?

                                  J Offline
                                  J Offline
                                  Jolly
                                  wrote on 24 Jan 2023, 20:28 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
                                  • A Offline
                                    A Offline
                                    Axtremus
                                    wrote on 30 Jan 2023, 00:51 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
                                    • 7 days later
                                    • A Offline
                                      A Offline
                                      Axtremus
                                      wrote on 6 Feb 2023, 12:32 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%.
                                      ..

                                      1 Reply Last reply
                                      • J Offline
                                        J Offline
                                        Jolly
                                        wrote on 6 Feb 2023, 13:28 last edited by
                                        #24

                                        Once the people learn how to vote themselves money...

                                        “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
                                        • L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 6 Feb 2023, 13:47 last edited by
                                          #25

                                          I detect a little bias in the phrasing of the question… I wonder how the answers would have looked if you asked “Should the US borrow more money to pay for the debt it has already accrued and can’t pay without making spending cuts?”

                                          The Brad

                                          A 1 Reply Last reply 6 Feb 2023, 14:00
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