That is because they passed a bill that lets them spend without restraint

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Feb 8, 2016
9:46:00am

HuskerFan2 Former User

That is because they passed a bill that lets them spend without restraint

The Bipartisan Budget Act of 2015 suspended the debt limit until March 16, 2017

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HuskerFan2

Bio page: HuskerFan2
Joined: Jul 17, 2002
Last login: Apr 25, 2024
Total posts: 52,374 (3,178 FO)

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Messages

Author

Time

This is what the US Debt/Budget looks like when comparing it at a personal level

Zenoch

2/8/16 9:22am

That is a lot of Abraham Lincoln's

TNT

2/8/16 9:23am

That's Ronald Reagan you dolt

WDaddy

2/8/16 9:24am

You can't buy Lincoln. It was his thing to stop that stuff. - pinball, + books

kimchicoug

2/8/16 9:25am

To the government's credit, they get really really low interest rate loans

Indy Coug

2/8/16 9:24am

And when interest rates go up - then debt interest payments becomes even bigger

Zenoch

2/8/16 9:29am

How much of the $61K is interest on the $311K debt?

Greg Kite's 'stache

2/8/16 9:24am

Here's a quote for you:

Zenoch

2/8/16 9:27am

Missing the even bigger pile of money of freebies they've promised to everyone.

2/8/16 9:27am

What really bothers me is that nobody is talking about budget cuts now that the

Bro

2/8/16 9:28am

And when they do talk about budget cuts, they never really cut anything.

bluecheese

2/8/16 9:33am

That is because they passed a bill that lets them spend without restraint

HuskerFan2

2/8/16 9:46am

This is a bad comparison, IMO. A better comparison would be multi-generational

cheezedawg

2/8/16 9:30am

Addtionally, the future number wage earners for the family will be decreasing

boogers

2/8/16 9:55am

This shows that the proper focus should be on policies to help the economy grow

cheezedawg

2/8/16 10:05am

I'll agree in principle, but for practical purposes the U.S. "good debt" ship

boogers

2/8/16 10:07am

I thought you were going to finish this thought...

cheezedawg

2/9/16 11:28am

sunk.

boogers

2/9/16 2:13pm

Except that here, parents are not retiring their debt as they reach the end

hansel

2/8/16 10:07am

Yes, this analogy certainly doesn't suggest that everything is okay

cheezedawg

2/8/16 10:11am

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