What the next debt ceiling fight will look like
December 19th, 2013
10:42 AM ET
4 months ago

What the next debt ceiling fight will look like

New York (CNNMoney) -- House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell said this week that Republicans will demand something in exchange for an increase in the debt ceiling early next year.

The White House, meanwhile, said it won't negotiate on the issue.

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Filed under: Budget
soundoff (58 Responses)
  1. Malory Archer

    Donna

    All Democrats and Obama want to do is spend as much as they can, tax as much as they can and then borrow as much as they can. They have no intention to EVER reduce spending. Their only answer is to raise taxes, and if they can't then just keep borrowing more to support their welfare state where 47% are free riders on the tax code.

    ++++++++++++++++++++++++++++++++++++++++++++++

    Yeah, except congress holds the purse strings and the Dems aren't the majority party in the congress, and are far to polite to completely squash the filibuster in the Senate (the so-called "nuclear option" only pertains to appointment nominations and was the end result of the minority leader reneging on an agreement he'd made five minutes earlier with the majority leader to NOT filibuster EVERY SINGLE nomination without a hearing) in order to get anything done.

    December 19, 2013 01:00 pm at 1:00 pm |
  2. Rudy NYC

    Donna wrote:

    All Democrats and Obama want to do is spend as much as they can, tax as much as they can and then borrow as much as they can. They have no intention to EVER reduce spending. Their only answer is to raise taxes, and if they can't then just keep borrowing more to support their welfare state where 47% are free riders on the tax code.
    -------------------------
    There they go again. Repeating the mantras of their false belief systems. Sorry, Donna. The facts totally contradict you. It is Republican administrations that spend the most money. Just take a look at the rate of annual budget increases from one year to the next. Under Bush, the spending grew an average of 7-9% each and every year he was in office. Reagan had similar numbers. Under Clinton, spending grew at around 3%, which is comparable to inflation over the same period. Pres. Obama has had the slowest growth in spending in recent history, averaging just over 1% per year, which is less than inflation.

    Taxes. If you don't collect taxes, then you do expect to pay for all of the right wing sponsored, industrial military complex. If you don't collect taxes, then how do you expect pay for your conquering armies that export freedom across the globe. How can you increase spending, cut taxes at the same time, and not expect to run up massive deficits and debts. Don't realize that most of these free riders and takers are living in the nanny states run by Republicans.

    If you have a problem with so many people at the low end of the income scale not paying taxes, then I suggest you take it up with the Ronald Reagan Republicans who put the framework for the progressive tax system in place. I suggest that you take it up with all of the Paul Ryans out there who feel that capital gains taxes should be completely eliminated, so that millionaires like Mitt Romney would not only pay nothing, but could come up with enough deductions to get a refund.

    December 19, 2013 01:03 pm at 1:03 pm |
  3. Malory Archer

    the federal government wastes hundreds of billions on "investigations" into so-called "scandals", witch hunts and weapons programs the military doesn't even want. but the repubs protect every penny of spending for fear of their deep-pockted owners primarying them when they're up for reelection.

    i guess they intend to run the country just as they ran greece, into the ground and bankruptcy.

    December 19, 2013 01:04 pm at 1:04 pm |
  4. Tommy G

    The ONLY way to return fiscal sanity to Washington DC is to drive the Democrats from office. They won't be happy until tax rates are at 80% and the country is $50 TRILLION in debt and failing.

    December 19, 2013 01:06 pm at 1:06 pm |
  5. current state of the union

    Can I get a " failed policies", or dare I ask a " Benghazi". Just won't seem like Christmas if you don't. Hatred knows no holiday, bah! Reading a while back I thought the ghost of Christmas past got ya, ha!

    December 19, 2013 01:11 pm at 1:11 pm |
  6. Donna

    Malory Archer
    Donna
    All Democrats and Obama want to do is spend as much as they can, tax as much as they can and then borrow as much as they can. They have no intention to EVER reduce spending. Their only answer is to raise taxes, and if they can't then just keep borrowing more to support their welfare state where 47% are free riders on the tax code.
    ++++++++++++++++++++++++++++++++++++++++++++++
    Yeah, except congress holds the purse strings and the Dems aren't the majority party in the congress, and are far to polite to completely squash the filibuster in the Senate
    --

    You spew total lies and you know it. Democrats control the Senate, which is a part of Congress (uneducated leftists!), and they block any spending cuts and even if they didn't, Obama would veto them. Democrats control TWO THIRDS of the government and until they are driven from office because of all of their lies, this country can NEVER get put back on solid financial footing.

    December 19, 2013 01:11 pm at 1:11 pm |
  7. Rudy NYC

    Keith ..... in Oregon wrote:

    I don't understand the comments blaming the Republicans for being hardline and uncompromising. Did people read the first two paragraphs? The GOP says "we want something in return this time." The White House said, "No".

    I'm going to ask my alma mater for my money back for the logic class I took.
    -------------------------
    You do that. Don't be dissappointed when they say, "No." Okay? Republicans just signed a budget agreement. Are they going to honor it, or not? Or, do they just want to whine about the mean old "Democrats don't want to compromise", when the truth of the matter is that the Republicans are reneging on the agreement. So, go ahead. Ask for a refund. When you get turned away, then I suggest that you cough up some more cash and take the class over.

    December 19, 2013 01:14 pm at 1:14 pm |
  8. Silence DoGood

    @Donna "They have no intention to EVER reduce spending."
    ----------
    As opposed to what is reality: After a final Bush spending spike Obama's Administration has leveled out and has only increased slightly. Facts are to Conservatives as water was to the wicked witch of the west.

    December 19, 2013 01:23 pm at 1:23 pm |
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