Topic of the day: The debt-ceiling debate


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  • Ultra Bob Cottonwood Heights, UT
    Sept. 4, 2013 12:25 p.m.

    If Congress approves going to war over Syria, and we start WWIII, the debate about the debt ceiling will go away.

  • Lew Scannon Provo, UT
    Sept. 4, 2013 9:29 a.m.

    Standing up to extremists in both parties? Come again. The "extremists" in the Democratic Party have called for such extreme measures as matching every $10 of spending cuts with only $1 of tax increases. What we are talking about here is ultra-extremists on the right stonewalling against moderates on the left. The only thing that has shifted is the center. It's now way right of the middle we used to know. Reagan would now be seen as a leftist extremist. Nixon? Probably a socialist.

  • samhill Salt Lake City, UT
    Sept. 3, 2013 8:32 p.m.

    Why in the world is this farcical number even referred to as a debt "ceiling" or "limit" anymore!?

    The USA Today says, "Even the hint that the United States couldn't meet its obligations rattles the financial markets and threatens the nation's credit rating. That would drive up interest rates, drive down stock markets and weaken the economic recovery."

    Are any of these clowns ever going to figure out that a dept which is **truly** unlimited will do vastly more harm to any **legitimate** credit rating than any silly spat the Congress and President may have about whether or not to violate the fictitious "limit"?

    Of course, as we've already witnessed with regards to the supposed credit worthiness bestowed by the various credit ratings organizations upon all the companies burdened with rotten mortgage-backed "securities", the legitimacy of ratings themselves is highly questionable.

    Which leads to my bottom-line conclusion, the whole system is rigged and destined to fall, like any other house of cards, from the weight of its own dishonesty. I once thought there might be a chance to avoid it, but this continuing foolishness about so-called debt "ceilings" makes that increasingly unlikely.

  • JoeBlow Far East USA, SC
    Sept. 3, 2013 6:45 p.m.

    The debt ceiling fight is like a married couple who decides to buy something and charge it to a credit card, and then decide they should not have made the purchase, so they refuse to pay the charge.

    The debt ceiling debate should never occur. It should be dealt with before money is spent.

    Choosing NOT to pay the bill is ludicrous.

  • Mountanman Hayden, ID
    Sept. 3, 2013 5:08 p.m.

    Cut government spending! We have to find ways to live on less income but the government never does! We can't keep borrowing money with no intention of paying it back but the government does.

  • atl134 Salt Lake City, UT
    Sept. 3, 2013 4:34 p.m.

    There should never be any threat of going over the debt ceiling. There's no reason to risk the financial stability of this nation. If they want to have a fight fight over the budget bill. A gov't shutdown is still harmful but much less so than defaulting on the debt.