US Debt Limit

[Deleted member 18333]

Very true! Once upon a time I voted for Mike Dukakis. Look how I turned out.

It was the tank helmet, wasn't it?

 

[BigHornRam]

Happened under the Trump Administration. Being stonewalled by the current administration.

 

[AlaskaHunter]

Kicking the can down the road...drama in July.
The government is unlikely to hit the drop-dead date for raising the debt limit until late July, Goldman Sachs said Wednesday.

A late-breaking surge in tax collections around the April 18 filing deadline is giving economists at the investment bank increased confidence that lawmakers won’t have to act until shortly before their August recess.

 

[DouglasR]

Happened under the Trump Administration. Being stonewalled by the current administration.

If he would’ve just taken that ass whoopin and loosened the valve cores in his neighbors tires that night it’d be a lot easier to get on board with him.

 

[BackofBeyond]

How do we get past this?

Term limits. 2 terms for president, 2 terms for senate, 3 terms for the house, and the supreme court justices are out after 15 years of service.

Take away revolving cash cow that is the re-election fund.

 

[TN2shot07]

Term limits. 2 terms for president, 2 terms for senate, 3 terms for the house, and the supreme court justices are out after 15 years of service.

Take away revolving cash cow that is the re-election fund.

I like it but if you manage to term out in all three you still have almost career politicians!

 

[longbow51]

You know, term limits sound good, and I get the arguments for same, but I think Ben Lamb mentioned something about the loss of institutional memory when Montana did that.

So, takes the new guys and gals a while to learn the ropes; meanwhile the lobbyists and bureaucrats have a field day taking advantage of the noobs.

 

[LWC55]

I like it but if you manage to term out in all three you still have almost career politicians!

I would not have a problem with that. If a person wants to go from school board, to city council, to mayor, to state senate, to governor, to congress, to president, to scj....more power to them.

But being elected once and having about a 98% chance of being re-elected to congress for the rest of your life hasn't really been working out. If term limits for president to limit power are a good thing I don't see why limiting the power of individuals in congress would be bad.

 

[LWC55]

You know, term limits sound good, and I get the arguments for same, but I think Ben Lamb mentioned something about the loss of institutional memory when Montana did that.

So, takes the new guys and gals a while to learn the ropes; meanwhile the lobbyists and bureaucrats have a field day taking advantage of the noobs.

Maybe a bunch of noobs in congress who know they won't be there forever would change the laws so the corp lobbyist don't have all the power to control every aspect of American life.

 

[longbow51]

Maybe a bunch of noobs in congress who know they won't be there forever would change the laws so the corp lobbyist don't have all the power to control every aspect of American life.

One would hope so. Interestingly enough, the one who is really speaking out against the big corp-big gov complex is RFK Jr. Vivek to an extent too, and obv RDS.

 

[BackofBeyond]

^^ First sign of the apocalypse right there ^^

 

[SAJ-99]

You know, term limits sound good, and I get the arguments for same, but I think Ben Lamb mentioned something about the loss of institutional memory when Montana did that.

So, takes the new guys and gals a while to learn the ropes; meanwhile the lobbyists and bureaucrats have a field day taking advantage of the noobs.

Add to that the people will have to find a job in private industry after they term out. Best way to do that is to grease the right wheels while in office. Positives and negatives that both carry weight. Not sure if you could split the baby and have Reps term out at 3 but Senators not. Seems like some Reps try for a promotion to the Senate. Maybe it gets rid of the extremes, or at least lessens them?

 

[Nick87]

Term limits. 2 terms for president, 2 terms for senate, 3 terms for the house, and the supreme court justices are out after 15 years of service.

Take away revolving cash cow that is the re-election fund.

I agree we need term limits but that won't fix the whole problem. Good start thiugh.

 

[BackofBeyond]

I agree we need term limits but that won't fix the whole problem. Good start thiugh.

Ya, I mean it’s no panacea, but a step in the right direction.

 

[Nick87]

Ya, I mean it’s no panacea, but a step in the right direction.

For sure.

 

[Nick87]

To that people been fighting since the beginning of time, don't see that changing. As long as that's happening there's gonna be scumbag politicians using that to play the population like a pawn and line there pockets. Term limits probably won't change much they'll special interests will just find a new front man more frequently. It's unfortunate because if we could set aside the tribalism we could all have something without politicians. Until you change that term limits or any other policies won't change a thing. What you see is what you get, best get used to it.

 

[grizzly_]

I think Ben Lamb mentioned something about the loss of institutional memory

God willing

 

[BigHornRam]

Ya, I mean it’s no panacea, but a step in the right direction.

Look at all the turds we could cull right away.

 

[antlerradar]

Instead of term limits, I would look at some sort of residency requirement. After say 6 years in office you need to move back and live in the district you represent for at least two election cycles before you can run again.

 

[AlaskaHunter]

Just something about playing political chicken with the full faith and credit of the US Government just seems like a bad idea to me. On both sides.

Looks like on one side the Freedom Caucus will never compromise and on the other side the progressive Democrats are alarmed by some of Biden's recent comments and are pushing for Biden to use the 14th amendment to the Constitution. Biden's advisers fear such a move would trigger a legal battle, undermine global faith in U.S. creditworthiness and damage the economy, so that is off the table.