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Comments about ‘Robert Bennett: Raising the debt limit is necessary’

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Published: Monday, Oct. 7 2013 12:00 a.m. MDT

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DN Subscriber 2
SLC, UT

Bob Bennett shows once again the reason he got booted out of office. He just does not get it.

The problem is not that we are not raising the debt ceiling quickly enough. Indeed, then Senator Barack Obama eloquently justified the reasons to vote AGAINST raising the debt ceiling in 2007, and things have only gotten worse since then.

The problem is that we are spending far more than we take in, and at a faster rate than even when Bennett was in office.

We are in a sinking boat with hundreds of holes in the bottom Politicians are arguing about how big a bucket to use to bail it out, but no one except a few Republicans are even talking about fixing the holes in the boat. Spending comes from the holes, and bailing will never stop the sinking. We MUST plug the holes!

Every time in the past the debt limit was raised with a promise to cut some spending, the spending never got cut. Same with tax increases to fix the problem.

Congressmen addicted to spending and promising bogus spending cuts must be voted out. Bennett was a good start.

Anti Bush-Obama
Washington, DC

If the Government was paying their debts there would be no need to raise the debt limit. You can try to convince me 2+2=5 all day long. I can't believe people think printing money backed by nothing is paying bills. It's called inflation.

Anti Bush-Obama
Washington, DC

It's time to live in reality. And reality is a 17 trillion dollar debt. Time to pretend it doesn't exist. But I think they are going to cave and waste it. But the thing is, the finacial collapse will happen either manually or automatically. It's inevitable. I would rather have a 17 trillion dollar debt than a 50 trillion dollar debt which is exactly whats going to happen if we keep ignoring it.

apm22
sparks, NV

Why should we believe a career politician? Why should we believe any politician at this point? All they do is bully us with eternal crises.

Truthseeker
SLO, CA

Re:Mountainman
This whole thing started because House Republicans thought they should hold the economy hostage until Obama and the Senate agreed to defund or delay Obamacare.

The Senate voted on the House measure. It failed.

The House has not put a single Senate measure up for a vote. Boehner falsely says he doesn't have the votes to pass a "clean" bill. He has enough Republicans willing to vote for a clean bill along with Democrats. And, if he didn't, he could put it up for a vote and it would fail. He would be proven right.

Obama has never said he wants "unlimited" spending. He cannot override the Budget Control Act, (also known as sequestration) which right now is shaving 1.5 trillion off the debt over the next 10 yrs. Raising the debt ceiling means we are paying the bills we already owe. The House and Senate could easily vote on a continuing resolution, keeping the sequestration, to keep the govt going.

The House and Senate passed budget resolutions in March. The House has refused to meet with the Senate to work out the differences.

JoeCapitalist2
Orem, UT

Yes we need to pay our bills. But the government needs to be reminded that their are consequences to saying YES to every lobbyist, special interest group, and political campaign donor who wants the government to spend even more money.

If they constantly think that money just grows on trees (or printing presses) and that there is no limit to out of control spending, our country will continue on the pathway to bankruptcy.

Both parties are complicit in our $17 trillion debt and in adding another $1 trillion every year or so. Senators like Bennett did his share to get us into this situation, but Obama and like-minded Democrats seem to want to head this way with a "pedal to the metal" mentality.

What can fiscally responsible people do to slow it down, let alone stop it and reverse it? All attempts so far (shutdowns, threats of defaults, entitlement reforms) are met with fierce resistence and demonization from the left (e.g. throw granny off the cliff).

one vote
Salt Lake City, UT

Senator Lee, his staff and extremist supporters need to read this.

Truthseeker
SLO, CA

Bennett could take a page from Joe Lieberman's playbook and run as an Independent. When Joe lost the Democratic primary in CT, he ran as an Independent and won.

But I'm guessing Bennett is enjoying his life outside the asylum that Washington has become.

Obama compromised the last time the Republican's wanted to blow up the economy, which is why they pulled it again. Obama is right to hold the line this time--he should've done it last time.

We cannot have this brinksmanship every few months. It is not good to bring the good faith and credit of the U.S. to the brink. How many downgrades do we want?

Obama cancelled an important Asian summit to deal with this mess.

Midvaliean
MIDVALE, UT

People seem to forget that America is the only Super Power on planet Earth. We have a military that the sun never sets on. We are on every continent. We dominate commerce and warfare. Our budget is 3X the size of the next closest one. American as a country is supreme when rated as a maritime power in the 20th and 21st century.
Our debt is nothing compared to the money that our country generates. I can have debt that within the means of my income. The US income is so vast that we can have a lot of debt. With my home and car etc... I have more debt than my income. And I can manage it. As a business its good to have some debt, and can be good to utilize it. Lets stop panicking at every step.

Mountanman
Hayden, ID

@ Shaun. Precisely the point! Congress needs to stop spending money we don't have but only the House is willing to do that! The President and the Senate think money grows on trees!

UtahBlueDevil
Durham, NC

I think we need to clear the air on taxes, and spending. Probably the best bet is to have the feds stop funding anything at the state level anymore. It is time that citizens of a state got to fully appreciate where their money was going. Utah DOT and Schools should not get any federal funs - same for all states. Let the states collect those taxes - and let those taxes be representative of the true cost of offering those services to those states.

Things have gotten too defuse. We see fringes of the interplay between federal spending, and the tourist towns that surround our national parks. What is the real cost to provide power to small Utah communities... to provide roads.... communications. People seem to assume the right to these benefits now... less alone medicare and medicaid.

I think a lot of people would change their tune if they fully realized how dependent that all have become on subsidized government benefits - beyond just the social services. The link between spending and benefits is too defuse, and politicians are counting on people thinking it is the other guy who will be impacted.

Lets clear the air... draw some direct lines...

Shaun
Sandy, UT

@mountainman. The republicans in the house do not want to reduce spending. All they want is to make sure the spending goes to their interest, big business and tax cuts for the wealthy.

Thinkman
Provo, UT

Bob makes a good point. Raising the debt ceiling is definitely needed. However, more important is cutting the size of the federal budget which means cutting departments and welfare.

Cut the budget, even by 3-5% (AT LEAST), freeze spending at 2010 levels and raise the debt ceiling, but only in that order.

Failing to do that, we will see even greater threats to our economy and prosperity as a nation.

Mountanman
Hayden, ID

Shaun. Baloney. A Federal Budget Lesson for you.
* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,920,000,000,000
* New debt: $1,750,000,000,000
* National debt: $17,271,000,000,000
* Recent budget cuts: $38,500,000,000
Let's now remove 8 zeros and pretend it's a household budget:

* Annual family income: $21,700
* Money the family spent: $39,200
* New debt on the credit card: $17,500
* Outstanding balance on the credit card: $172,710
* Total budget cuts so far: $3.85
Got It !!!!!

glendenbg
Salt Lake City, UT

@Mountanman - interesting illustration of the US budget. Let me add some context.

In 2000, our national "household" income was about 21,000; our national household spending was about 18,000. In 2001 our national "household" voluntarily gave up 1470 in income; in 2003 we gave up another 708 in income, but we kept increasing our spending and our debt. In the course of things, our income goes up a little bit most years so it eventually recovered but we ran up a lot of debt in the meantime. But we kept spending more than half our budget to deep the moat around our house.

In 2009 we hit hard times and our income dropped - from 25,239 to 21,049. And despite lots of talk, we have refused to raise our household income.

If a real household did that, you'd say to them, "Quit our job as a waiter and go back to being an airline pilot." Because they still have the same bills as before. If that household can make more money and pay their bills, wouldn't you tell them to do that?

Cutting spending is only half the answer.

ECR
Burke, VA

Mountanman and the others who are so dead set on the nation defaulting on the money we owe - there is a way out. Let's talk about cutting the budget:
1. Let's look at the defense budget - why do we spend as much on defense than the next 15 industrialized nations combined? Is it because there are defense contractors putting money in the coffers of Congress?
2. Let's look at every aspect of spending and eliminate pork barrel spending by having clean budget bills without anyone's pet projects.
3. And let's look at Social Security even though it is currently solvent; the day will soon come when it isn't.

Now let's look at revenue. Return the tax rates to what they were in the Clinton Administration. We squandered our opportunity to pay off a sizable portion of what was the under $6 trillion by giving tax breaks that overwhelmingly benefited the wealthy. It will need to be a combination of both revenue and cost custing to get us where we need to be but it is possible if we send grown-ups to Congress who are interested in serving the nation and not just their egos.

Informed Voter
South Jordan, UT

Another reminder it is good Benmett is no longer in the senate.

Truthseeker
SLO, CA

A Washington Post/ABC poll released Monday found that while the public's ratings for the president and both parties in Congress remain negative, disapproval of Republicans has grown in the past week. Seventy percent of Americans now disapprove of how Republicans in Congress are handling budget negotiations, up from 63 percent last week.

A Pew Research poll also released Monday found that 38 percent of Americans blame Republicans more for the shutdown, while 30 percent blame Obama, and 19 percent blame both sides.

A third poll by CNN/ORC found that majorities of Americans are angry at everyone involved with the shutdown: Sixty-three percent say they're angry at Republicans, 57 percent say they're angry at Democrats, and 53 percent say they're angry at Obama.

UtahBlueDevil
Durham, NC

I find it hard that anyone takes seriously a crowd that applauds and cheers on Cruz and Lee for their stance of no compromise - then the same crowd complains that Obama and Reid wont compromise. As the old saying goes - some speak with a forked tongue.

They expect one side to compromise - while "their" side is told to never compromise.

Do they not understand the concept of compromise - that each side must give some. When only one side is being asked to compromise with nothing in return, that is called extortion.... something that is criminal in most civilized countries.

What we are witnessing is a reply of the hard headedness that ripped this nation apart some 150 years ago, though this time over something of much less gravity. This is just for chest thumping rights - not any greater good. This is the most unpatriotic of behaviors - where party is placed above the good of a nation.

If the Republicans actually win this battle, by forcing the default of this nation, they may have won will seem hallow when compared to the damage it will have done. It will be handing the reigns of power over to the Chinese.

procuradorfiscal
Tooele, UT

Re: "Raising the debt limit is necessary"

Sure it is -- but only because of the deranged spending spree liberals have been on for the last 40+ years.

Beyond that, notwithstanding disingenuous liberal hype, no one is seriously suggesting we stop paying our debts.

Responsible politicians ARE suggesting, however, that liberals compromise to abandon at least some of their big-spending ways, implementing controls to gradually get America onto a long-term debt reduction plan. One that can halt these annual debt-ceiling circuses, and move us toward REDUCING, rather than endlessly raising that ceiling.

And, there's certainly no better time to highlight liberal profligacy, and the desperate need to curtail it, than during this debt-ceiling battle -- a time when the burden should be on those demanding ever more and more debt, to justify it.

Of course, they can't. So they'll undoubtedly resort to the their time-honored tactic of changing the subject and vilifying common sense.

It's truly sad that it still works for them.

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