New Legislative Body - Super Congress

[Rath]

Viper1 said:

richardhutnik said:

badgenome said:
I hope all the assholes who have been crying about the need for bipartisanship are happy. Whenever Republicans and Democrats agree on something it's invariably worse than what either of them could ever dream up by themselves.

At least this, which in no way do I support, will be better than what will happen if they don't raise the debt ceiling.  End result is half the government shuts down, and guess who decides what half operates?  One thing, it isn't going to be anyone elected, or it will end up on Obama's desk.

You didn't read what I wrote above you, did you?  If we don't raise the debt ceiling, the government will not shut down.  Nor will even half of it.

Rath, not exactly correct either.  While we are currently a few billion already over the debt limit for the current fiscal year, we do have funding options to cover them rather easily.  Congress simply refuses to enable them.   However, the grand majority of the debt increase providing by raising the debt ceiling will be applied to programs the government has promised to do but never appropriated the funds for.   It's like telling your wife that will buy her a new car and then running around like a chicken with your head cut off demanding creditors raise your credit line to pay for it.

Watch this short video to explain it.
http://www.youtube.com/watch?v=2-51rFiljBo&feature=player_embedded

To cut a trillion dollars in spending within a year would almost certainly throw the US back into recession. That's knocking off nearly a third of the US budget. He says cutting back that far would be easy, but I don't see where that money could be cut from in such a short amount of time.