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Originally Posted by Beebs
You can't really call it a non-issue just because it has been done before. It's not as if the debt ceiling got lowered after each raise. While you could consider this particular time to be an arbitrary one, sooner or later the point has to be raised that the country can't run on a defect forever.
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I can. And I will. Of course the debt ceiling doesn't get lowered after it gets raised. What is your point? The debt ceiling is a total non-issue. And the United States is absolutely able to run on a debt forever. It would likely be best not to have such a large debt, but having some debt is not a bad thing.
Quote:
Originally Posted by Beebs
There is only so much money to borrow before the costs become prohibitive. At some point in the future, the largest economy in the world should be able to be enough to run the government.
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It would be easier to run the government if companies like GE didn't have tax loopholes that allowed them to pay no taxes in 2010 and receive a $3.2 billion tax benefit. Fixing corporate tax loopholes and getting out of Iraq and Afghanistan would take us quite far in the goal of deficit reduction.
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Originally Posted by Beebs
Probably because the government can't create fucking jobs, it can only make it harder for the private sector to do so, namely by taking all their fucking money.
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Calm down, sir. Job creation bills can be made in order to foster growth of jobs. One way in particular to foster job growth is to take away any tax benefits for companies that offshore their jobs.
And I know you hate the idea of raising taxes on the super wealthy, but doing so would result in a barely noticeable, painless increase. Considering the super wealthy got that way as a result of our country's opportunities and policies, I think slightly higher taxes for the super wealthy are totally fair. I have no problem with, and actually prefer the idea of simplifying the tax code and getting rid of ridiculous loopholes, I think it is unlikely to pass such legislation and would be easier to pass tax legislation targeting the super rich and large corporations.